Annual Report 2011 - 2012 - Colombo Stock Exchange

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14 NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2012 05. INVESTMENT PROPERTY Balance as at the beginning of the year Construction and renovation of investment property Disposals Net gain from fair value adjustment Balance as at the end of the year 2012 Rs. 616,344,000 60,078,301 - 91,427,699 767,850,000 2011 Rs. 616,344,000 - - - 616,344,000 5.1. Investment properties are stated at fair value, which have been determined on the basis of a market value and return on income generation for land and building respectively. A professional valuation was performed on the investment property of The Colombo Pharmacy Company PLC (Located at Union Place) by Mr.Chulananda Wellappili; incorporated valuer as at 31st March 2012. 06. INTANGIBLE ASSETS 6.1. Summary At Cost As at 1 April Acquired during the year As at 31 March 2012 Rs. 6,000,000 - 6,000,000 2011 Rs. - 6,000,000 6,000,000 Amortization As at 1 April Amortization for the year As at 31 March 50,000 600,000 650,000 - 50,000 50,000 Net book value As at 1 April As at 31 March 5,950,000 5,350,000 - 5,950,000 Enterprise Resource Planning System consisting of application software accounted under above Intangible asset is amortized equally over 10 years commencing from 1 March 2011. The Colombo Pharmacy Company PLC Annual Report 2011 - 2012 Notes to the Financial Statements 43
14 NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2012 07. INVENTORIES 2012 2011 Rs. Rs. Pharmaceutical Items 20,075,387 16,927,388 20,075,387 16,927,388 08. TRADE AND OTHER RECEIVABLES Summary 2012 Rs. 2011 Rs. Trade Receivables - Related Parties (8.1) - 20,409 - Other 2,442,141 1,593,615 2,442,141 1,614,024 Other Receivables - Related Parties (8.2) 3,867,073 - - Other 15,301,612 8,533,030 21,610,826 10,147,054 Advances and Prepayments 993,348 1,268,867 22,604,174 11,415,921 8.1. Trade Receivables - Related Parties Relationship 2012 Rs. 2011 Rs. Ceylon Leather Products PLC Related Company - 13,223 Dankotuwa Porcelain PLC Related Company - 7,186 - 20,409 8.2. Other Receivables - Related Parties Relationship 2012 Rs. 2011 Rs. Senit Technologies (Pvt) LTD Related Company 3,694,245 - Ceylon Leather Products PLC Related Company 172,828 - 3,867,073 - The Colombo Pharmacy Company PLC Annual Report 2011 - 2012 Notes to the Financial Statements 44
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 and 34: 13 CASH FLOW STATEMENT Year ended 3
Page 35 and 36: 14 NOTES TO THE FINANCIAL STATEMENT
Page 43: 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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