Lion Brewery (Ceylon) PLC Annual Report 2011 - Carson and ...

59 Value Added Statement
For the year ended 31st March 2011 2010
In Rs.’000s
Revenue 11,250,330 7,919,292
Value Added Tax 1,913,670 1,591,980
Other income 14,715 2,624
13,178,715 9,513,896
Cost of material & services bought from
outside (4,248,372) (3,325,744)
Value Added 8,930,343 6,188,151
Distributed as follows 2011 % 2010 %
To Employees
as remuneration and other employee costs 453,731 5.08 370,492 5.99
To Government
as Value Added Tax 1,913,670 21.43 1,591,980 25.73
as Excise Duty 4,551,302 50.96 2,918,917 47.17
as Income Tax / Deferred Tax 509,359 5.70 1,037 0.02
as Social Responsibility Levy 39,575 0.44 45,025 0.73
as Economic Service Charge 97,699 1.09 19,509 0.32
as Nation Building Tax 292,276 3.27 221,667 3.58
To Providers of Capital
as Preference dividends 43,750 0.49 43,750 0.71
as Finance expenses 156,340 1.75 240,105 3.88
Retained in the Business
as Depreciation / amortisation 142,969 1.60 138,916 2.24
as Profit for the year 729,672 8.17 596,753 9.64
8,930,343 100.00 6,188,151 100.00
Notes:
1. The Statement of Value Added shows the quantum of wealth generated by the activities of the Company and its
applications.
2. Value Added Tax is excluded in arriving at the above Turnover. Therefore, total tax liability / payment made to
the Government during the year include the following:
In Rs.’000s
2011 2010
Value Added Tax (paid but not included under Net Revenue) 1,913,670 1,591,980
Excise Duty (included under Net Revenue) 4,551,302 2,918,917
Income Tax 509,359 1,037
Social Responsibility Levy 39,575 45,025
Economic Service Charge 97,699 19,509
Nation Building Tax 292,276 221,667
Total taxes paid to the Government 7,403,881 4,798,135