Annual Report 2011 - 2012 - Colombo Stock Exchange

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13 CASH FLOW STATEMENT Year ended 31 March 2012 Cash Flows Generated From / (Used in) Financing Activities Note 2012 Rs. 2011 Rs. Interest Bearing Loans & Borrowings 14 56,562,098 - Dividends Paid - (5,409,642) Net Cash Flows Generated from / (used in) Financing Activities 56,562,098 (5,409,642) Net Increase/(Decrease) in Cash and Cash Equivalents (89,886,166) (2,030,973) Cash and Cash Equivalents at the beginning of the year 21 74,325,381 76,356,354 Cash and Cash Equivalents at the End of the Year 21 (15,560,785) 74,325,381 The accounting policies and notes on pages 34 through 54 form an integral part of the Financial Statements. The Colombo Pharmacy Company PLC Annual Report 2011 - 2012 Cash flow Statement 33
14 NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2012 1. CORPORATE INFORMATION 1.1. General The Colombo Pharmacy Company PLC, (“Company”) is a limited liability Company incorporated and domiciled in Sri Lanka and listed on the Colombo Stock Exchange. The registered office of the Company is located at No. 505, Union place, Colombo 02, and the principal places of business are located at Union place, Colombo 02 and Bambalapitiya. 1.2. Principal Activities and Nature of Operations During the year the principal activities of the Company were dispensing Chemists and acting as retail dealers in Pharmaceuticals. 1.3. Parent Entity and Ultimate Parent Entity The Company's parent entity is Environmental Resources Investment PLC, which is incorporated in Sri Lanka. In the opinion of the Directors, the Company's ultimate parent undertaking and controlling party is Lionhart Investments Limited, which is incorporated in the United Kingdom. 1.4. Date of Authorization for Issue The Financial Statements of the Colombo Pharmacy Company PLC for the year ended 31 March 2012 were authorized for issue in accordance with a resolution of the Board of Directors on 26th July 2012. 2.1. BASIS OF PREPARATION The Financial Statements have been prepared on a historical cost basis, except for investment properties freehold land & buildings that have been measured at fair value. The Financial Statements are presented in Sri Lankan Rupees. The preparation and presentation of these Financial Statements is in compliance with the Companies Act No. 07 of 2007. 2.1.1. Statement of Compliance The Balance Sheet, Income Statement, Statement of Changes in Equity and Cash Flow Statement together with the accounting policies and notes (the “Financial Statements”) have been prepared in compliance with Sri Lanka Accounting Standards (SLAS) issued by the Institute of Chartered Accountants of Sri Lanka. 2.1.2. Going concern The Directors have made an assessment of the Company's ability to continue as a going concern and they do not intend either to liquidate or cease trading. The Colombo Pharmacy Company PLC Annual Report 2011 - 2012 Notes to the Financial Statements 34
Page 1 and 2: THE COLOMBO PHARMACY COMPANY PLC AN
Page 3 and 4: 01 VISION VISIONON To be the most d
Page 5 and 6: 02 STORY The origins of The Colombo
Page 7 and 8: 03 CHAIRMAN’S MESSAGE Dear Shareh
Page 9 and 10: 04 BOARD OF DIRECTORS Mr. Gregory S
Page 11 and 12: 05 CORPORATE GOVERNANCE Attendance
Page 13 and 14: 05 CORPORATE GOVERNANCE COMPLIANCE
Page 15 and 16: 05 CORPORATE GOVERNANCE Code Refere
Page 17 and 18: 05 CORPORATE GOVERNANCE D. Accounta
Page 19 and 20: 05 CORPORATE GOVERNANCE Compliance
Page 21 and 22: 06 REPORT OF THE DIRECTORS INDEPEND
Page 23 and 24: 06 REPORT OF THE DIRECTORS GOING CO
Page 25 and 26: Prior After After Prior The Colombo
Page 27 and 28: 08 FINANCIAL HIGHLIGHTS Financial H
Page 29 and 30: 10 BALANCE SHEET As at 31 March 201
Page 31 and 32: 11 INCOME STATEMENT Year ended 31 M
Page 33: 13 CASH FLOW STATEMENT Year ended 3
Page 37 and 38: 14 NOTES TO THE FINANCIAL STATEMENT
Page 57 and 58: 15 INFORMATION TO SHAREHOLDERS AND
Page 59 and 60: The Colombo Pharmacy Company PLC An
Page 61 and 62: 16 FIVE YEAR FINANCIAL REVIEW Year
Page 63 and 64: 18 FORM OF PROXY I/We …………
Page 65 and 66: 19 CORPORATE INFORMATION Name of Co

Annual Report 2011 - 2012 - Colombo Stock Exchange

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