Annual Report 2008 - Ministry of Finance and Planning

3. Performance of Public Enterprises
143
Table 3.2
Total Dividends Received on Total Investment
Number of Total Dividends % of total
Companies Received Dividends
(Rs. Million) Received
(2000-2008)
Fully Government Owned Companies 29 431 5
Companies with more than 50% government holding
and with government controlling power 14 6,530 72
Companies with less than 50% government holding 29 2,036 22
Plantation Companies with less than 50% government holding 20 69 1
Total 92 9,066 100
Source: Department of Treasury Operations
Chart 3.1
As shown in Table 3.2, 72% of total dividends received by
the government are from the companies with more than
50% Government holding and companies with government
controlling power. The minority share holding companies
have paid 22% of total dividends during the last eight years.
The Sri Lanka Telecom Ltd of which the government has
controlling power, has paid Rs 4,370 million as accumulated
dividends for the last eight years.
Table 3.3 presents dividends paid by different groups of
companies annually.
Table 3.3
Total Dividends Received for the Previous Eight Years (2000-2008)
Dividends Paid to the Government in each year (Rs. mn.)
Category of Company 2000 2001 2002 2003 2004 2005 2006 2007 2008
Fully Government Owned Companies 11 4 1 6. 17 183 108 57 44
Companies with more than 50% government
holding and with government controlling power 58 283 300 750 1058 727 1458 999 893
Companies with less than 50% government holding 200 324 133 136 38 247 124 686 151
Plantation Companies with less than
50% government holding 7 22 8 - - 2 3 10 17
Total 276 633 442 892 1,113 1,159 1,693 1,752 1,105
Source: Department of Treasury Operations
Ministry of Finance and Planning Sri Lanka
Annual Report 2008