Annual Report 2009/2010 - Colombo Stock Exchange

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
Note 18c - The redeemable cumulative preference shares (non-voting) were issued on 1st April 1998. The
dividend thereon is paid quarterly, whilst its redemption is to be made after 31st March 2010. No appropriation
has been made to the capital redemption reserve for the purpose of redeeming the preference shares as the
Company intends to transfer the required value for the redemption from the revenue reserve at the time the
redemption is to be made.
As at 31st March
In Rs.'000s
19 CAPITAL RESERVES
Balance as at beginning of the year
Deferred tax on revaluation of property (Note 22.1)
Balance as at end of the year
Represented by
Revaluation reserve (Note 19a)
Capital redemption reserve (Note 19b)
2010
232,479
149
232,628
162,628
70,000
232,628
2009
232,330
149
232,479
162,479
70,000
232,479
19aThe revaluation reserve relates to revaluation of land and buildings and comprises of the increase in the fair
value of land and buildings at the date of revaluation.
19b The capital redemption reserve is for the purpose of redeeming the non- voting 12.5% redeemable
cumulative preference shares.
20 PAYABLES DUE AFTER ONE YEAR
Long term loans repayable after one year (Note 20.1)
Customer deposits (Note 20.3)
22,264
627,838
650,102
32,951
593,873
626,824
20.1 Long-Term Loans repayable after one year
Balance as at the beginning of the year
Loan obtained during the year
Repayments during the year
Balance as at the end of the year (Note 20.2)
70,398
-
(37,447)
32,951
107,043
50,000
(86,645)
70,398
Less:
Repayable within one year
Repayable after one year
.
10,687
22,264
37,447
32,951
42