Annual Report 2011 - 2012 - Colombo Stock Exchange

06
REPORT OF THE DIRECTORS
TAXATION
The tax liability of the Company has been computed according to the provisions of the Inland Revenue Act No.10 of 2006 and amendments
thereto.
The method of computation of taxes of the Company has been shown in the Note 19 of the Financial Statements.
CAPITAL EXPENDITURE
The total capital expenditure up to 31st march 2012 amounted to Rs. 61 Mn.
PROPERTY, PLANT & EQUIPMENT
Details of property, plant and equipment are given in Note 04 to the Financial Statements.
STATED CAPITAL
st
The stated capital of the Company as at 31 March 2012 was Rs. 11,137,505/- represented by 1,272,857 fully paid Ordinary Shares.
SHAREHOLDINGS
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There were 1839 registered Ordinary Shareholders as at 31 March 2012.
The distribution of shareholdings is shown on page 55 of the Annual Report.
SHARE INFORMATION
Information relating to earnings, dividends, net assets and market value per share is available under investor Information on page 60 of the
Annual Report along with information on share trading.
SUBSTANTIAL SHAREHOLDINGS
st
st
The twenty major shareholders as at 31 March 2012 are given on page 56 of the Annual Report. Public share holding as at 31 March 2012-33.6 %
(2011-33.6 %).
STATUTORY PAYMENTS
The Directors confirm, to the best of their knowledge and belief that they are satisfied that all statutory obligations due to the Government and
to the employees have been either duly paid or adequately provided for in the Financial Statements.
EVENTS OCCURRING AFTER THE BALANCE SHEET DATE
No circumstances have arisen since the Balance Sheet date which would require adjustments to or disclosure in the accounts except those
disclosed in Note 22 to the Financial Statements.
The Colombo Pharmacy Company PLC
Annual Report 2011 - 2012
Report of the Directors
21