Annual Report 2009/2010 - Colombo Stock Exchange

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NOTES TO THE FINANCIAL STATEMENTS 9 DIVIDEND For the year ended 31st March In Rs.'000s On preference shares - 12.5% (2009 - 12.5%) 2010 43,750 43,750 2009 43,750 43,750 (a) A preference dividend of 12.5% per annum on redeemable cumulative preference shares was paid on 30th June 2009, 30th September 2009, 31st December 2009 and 31st March 2010. (b) The board of Directors has recommended the payment of a first and final dividend of Rs.3/- per share for the year ended 31st March 2010 ( 2009 - Nil) which is to be approved at the Annual General Meeting to be held on 11th of June 2010. In Accordance with Sri Lanka Accounting Standards No12 - Events after the Balance Sheet Date (Revised 2006), this proposed dividend has not been recognise as a liability as at 31st March 2010. Currently, dividends declared by the Company out of exempt profits during the period of the tax holiday and one year thereafter, are exempt from income tax. 10 EARNINGS PER ORDINARY SHARE The calculation of earnings per ordinary share of Rs.7.46 (2009 - Rs.0.90) is based on profit for the year attributable to the ordinary shareholders divided by the weighted average number of ordinary shares outstanding during the year and without the effects of Rights issue. Fi F n i n a a n n c c i i a l l S t t a t e m e n t s The following reflects the income and share data used for the computation of Earnings Per Ordinary Share: Profit after taxation Less : Dividends on redeemable cumulative preference shares Profit attributable to ordinary shareholders (as the Numerator) Number of ordinary shares used (as the Denominator) Earnings per ordinary share (Rs.) 640,503 (43,750) 596,753 80,000 7.46 88,813 (43,750) 45,063 50,000 0.90 11 FOREIGN CURRENCY TRANSACTIONS The principle exchange rates used for conversion of foreign currency transactions/balances are as follows: Closing Rate Average Rate 31st March 2010 Rs 2009 Rs 2010 Rs 2009 Rs US Dollar 114.84 116.28 115.95 111.12 Euro 154.52 154.59 164.51 157.89 37
- - - - - - - - - - - - - - - - - - - Fi F n i n a a n n c c i i a l l S t a t e m e n t s NOTES TO THE FINANCIAL STATEMENTS In Rs.'000s Freehold Land Freehold Buildings Plant & Machinery Furniture & Fittings Office Equipment Computer Equipment Capital Work in -Progress Laboratory Equipments Motor Vehicles Cost / Valuation Beginning of the year Additions Transfers Transfers to Intangible Assets Disposals Write offs Interest Capitalised Adjustments End of the year Depreciation Beginning of the year Charge for the year Disposals Transfers to Intangible Assets Adjustments End of the year Net Book Value As at 31st March 2010 As at 31st March 2009 450,146 - - - - - - - 450,146 - - - - - - 450,146 450,146 582,526 - - - - - - - 582,526 38,881 13,290 - - - 52,171 530,355 543,645 1,908,488 1,991 67,509 - - - - (978) 1,977,010 721,417 100,447 - - - 821,864 1,155,146 1,187,071 13,365 9 - - - - - - 13,374 10,121 764 - - - 10,885 2,489 3,244 9,179 323 - - - - - - 9,502 8,113 543 - - - 8,656 846 1,066 39,787 7,469 - - (645) - - (52) 46,559 32,977 4,648 (527) - - 37,098 9,461 6,810 - - - - - - - - - - - - - - - - 12 PROPERTY, PLANT & EQUIPMENT 31st March 2009 31st March 2010 3,098,105 3,253,429 184,693 28,061 37,184 203,433 118,240 108,448 (67,787) 278 (54,304) (3,728) (3,574) (2,929) (5,341) 15,264 5,587 5,587 (4,524) (3,494) 3,253,429 3,369,158 227,447 28,061 34,533 768,529 855,336 25,847 17,980 128,747 125,357 1,467 4,198 (3,628) (3,456) (2,929) (31,372) (6,940) 855,336 977,237 27,314 19,249 2,391,921 227,447 747 15,284 2,398,093 19,204 2,214 184,693 38
Page 2 and 3: Operations Review
Page 4 and 5: CHAIRMAN'S STATEMENT Your Company w
Page 6 and 7: OPERATIONS REVIEW The single most i
Page 8 and 9: OPERATIONS REVIEW The stronger bala
Page 10 and 11: OPERATIONS REVIEW Conclusion From m
Page 12 and 13: PROFILE OF DIRECTORS Profiles of Di
Page 14 and 15: ANNUAL REPORT OF THE BOARD OF DIREC
Page 20 and 21: AUDIT COMMITTEE REPORT The Audit Co
Page 22 and 23: STATEMENT OF DIRECTOR'S RESPONSIBIL
Page 24 and 25: FINANCIAL STATEMENTS Financial High
Page 26 and 27: INCOME STATEMENT For the year ended
Page 28 and 29: STATEMENT OF CHANGES IN EQUITY In R
Page 30 and 31: NOTES TO THE FINANCIAL STATEMENTS 1
Page 32 and 33: NOTES TO THE FINANCIAL STATEMENTS (
Page 36 and 37: NOTES TO THE FINANCIAL STATEMENTS F
Page 42 and 43: NOTES TO THE FINANCIAL STATEMENTS A
Page 44 and 45: NOTES TO THE FINANCIAL STATEMENTS N
Page 48 and 49: VALUE ADDED STATEMENT For the year
Page 50 and 51: FIVE YEAR SUMMARY Year ended 31st M
Page 52 and 53: INCOME STATEMENT For the year ended
Page 54 and 55: FINANCIAL HIGHLIGHTS Year ended 31s
Page 56 and 57: INFORMATION TO SHAREHOLDERS & INVES
Page 58 and 59: GLOSSARY OF FINANCIAL TERMS Appropr
Page 60 and 61: LION BREWERY (CEYLON) PLC FORM OF P

Annual Report 2009/2010 - Colombo Stock Exchange

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