Annual Report 2011 - 2012 - Colombo Stock Exchange

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14 NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2012 09. SHORT TERM INVESTMENTS 2012 2011 Summary Rs. Rs. Current Investment in Fixed Deposits 63,580,311 - Total Carrying Value of Short Term Investments 63,580,311 - 10. STATED CAPITAL 2012 2011 Number Rs. Number Rs. Fully Paid Ordinary Shares 1,272,857 11,137,505 1,272,857 11,137,505 1,272,857 11,137,505 1,272,857 11,137,505 11. RESERVES 2012 2011 Summary Rs. Rs. Revaluation Reserve (11.1) 80,699,774 62,429,774 Revenue Reserves (11.2) 545,921,288 545,921,288 Other Capital Reserves (11.3) 1,271,325 1,271,325 627,892,387 609,622,387 11.1. Revaluation Reserve 2012 2011 On: Property, Plant & Equipment Rs. Rs. As at 1 April 62,429,774 62,429,774 Revaluation surplus during the year 19,874,710 - Revaluation deficit during the year (1,604,710) - As at 31 March 80,699,774 62,429,774 The Colombo Pharmacy Company PLC Annual Report 2011 - 2012 Notes to the Financial Statements 45
14 NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2012 11.2. Revenue Reserves 2012 2012 2011 Building General Total Building General Total Reserve Reserve Reserves Reserve Rs. Rs. Rs. Rs. Rs. Rs. At the beginning of the year 10,907,457 535,013,831 545,921,288 10,907,457 535,013,831 545,921,288 At the end of the year 10,907,457 535,013,831 545,921,288 10,907,457 535,013,831 545,921,288 Revenue Reserve Revenue reserve represents the amounts set aside by the directors for general application. 11.3. Other Capital Reserves As at 1 April As at 31 March 2012 Rs. 1,271,325 1,271,325 2011 Rs 1,271,325 1,271,325 12. EMPLOYEE BENEFIT LIABILITY Retirement Benefits Obligation-Gratuity As at 1 April Charge for the year (Gain)/Loss arising from changes in the assumptions used Interest cost on benefit obligations Payments made during the year As at 31 March 2012 Rs. 1,127,091 497,363 960,119 97,994 (468,096) 2,214,470 2011 Rs. 1,065,575 103,599 20,928 89,989 (153,000) 1,127,091 The Retirement Benefit Liability of the Company is based on the gratuity formula in appendix E of SLAS 16 - Employee Benefits. The Principal assumptions used in determining the cost of employee benefits were; Salary Increment Rate Staff Turnover Rate Discount Rate Retirement Age 2012 Executive & Non Executive Staff 10% 14% 10% 55 Years 2011 Executive & Non Executive Staff 7% 6% 9.50% 55 Years The Colombo Pharmacy Company PLC Annual Report 2011 - 2012 Notes to the Financial Statements 46
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 45: 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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