Annual Report 2009/2010 - Colombo Stock Exchange

NOTES TO THE FINANCIAL STATEMENTS
As at 31st March
In Rs.'000s
16 TRADE AND OTHER RECEIVABLES
Trade receivables
Provision for doubtful debts ( Note 16.1)
Containers with distributors
Advances, prepayments & other receivables
Loans to Company employees (Note 16.2)
16.1 Provision for doubtful debts
Balance as at beginning of the year
Provisions during the year
Write-offs against provisions during the year
Balance as at end of the year
2010
303,930
(14,538)
716,123
207,813
1,213,328
-
2,689
11,849
-
14,538
2009
156,696
(2,689)
719,219
140,960
40
1,014,226
1,519
2,689
(1,519)
2,689
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
16.2 Loans to Company Employees
Balance as at beginning of the year
Loans granted during the year
Recovered during the year
Balance as at end of the year
40
-
(40)
-
86
-
(46)
40
-.
17 AMOUNTS DUE FROM RELATED COMPANIES
Ceylon Brewery PLC
CBL Retailers (Pvt) Limited
Carsons Management Services (Pvt) Limited
25,979
2,074
5,627
33,680
-
16,192
-
16,192
18 STATED CAPITAL
80,000,000 Ordinary shares (2009 -50,000,000) (Note 18 a & b)
35,000,000, 12.5% Redeemable Cumulative Preference Shares
(Note 18c)
2,187,801
350,000
2,537,801
987,801
350,000
1,337,801
Note 18a - The holders of ordinary shares are entitled to receive dividends as declared from time to time and are
entitled to one vote per share at shareholder meetings of the Company. All ordinary shares rank equally with regard
to the right to the Company's residual assets, at the point of distribution.
Note 18b - As per the approval received from the shareholders at the Extraordinary General Meeting held on
28th August 2009 , the Company made a Rights Issue of 30,000,000 fully paid ordinary shares on the basis of
Three (3) shares to Five (5) shares at Rs. 40/- each, held as at 28th August 2009 to the existing ordinary share
holders. The issue was fully subscribed and Rs. 1,200,000,000/- was received as Rights Issue proceeds.
41