Elpitiya Plantations Plc Annual Report 2010/11 - Colombo Stock ...
Elpitiya Plantations Plc Annual Report 2010/11 - Colombo Stock ...
Elpitiya Plantations Plc Annual Report 2010/11 - Colombo Stock ...
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Balance Sheet<br />
As at 31 st March 20<strong>11</strong><br />
ASSETS<br />
Non Current Assets<br />
Note 20<strong>11</strong> <strong>2010</strong><br />
Rs.<br />
Rs.<br />
Leasehold Property 3 180,186,524 185,452,948<br />
Immovable estate assets on finance lease<br />
(Other than leasehold property) 4 202,632,518 218,180,073<br />
Tangible assets other than immature/mature plantations 5 459,939,769 458,614,<strong>11</strong>7<br />
Immature/mature plantations 6 2,105,763,627 1,971,092,682<br />
Long Term Investment - (Unquoted) 7 97,776,444 77,276,420<br />
Amounts due from related companies 10.1 40,000,000 -<br />
3,086,298,882 2,910,616,240<br />
Current Assets<br />
Inventories 8 326,469,489 190,036,643<br />
Trade and other receivables 9 154,135,778 140,072,753<br />
Amounts due from related companies 10 26,336,535 54,932,532<br />
ESC Recoverable 3,700,926 18,040,934<br />
Cash and Bank balances 69,842,686 371,019,291<br />
580,485,414 774,102,153<br />
TOTAL ASSETS 3,666,784,296 3,684,718,393<br />
EQUITY AND LIABILITIES<br />
Capital and Reserves<br />
Stated Capital <strong>11</strong> 694,236,120 694,236,120<br />
Accumulated Profits 669,048,314 323,760,772<br />
Total Equity 1,363,284,434 1,017,996,892<br />
Non Current liabilities & Deferred Income<br />
Interest Bearing Loans & Borrowings 12 831,279,460 953,671,551<br />
Retirement Benefit Obligations 13 464,154,667 448,410,122<br />
Deferred Income 14 206,7<strong>11</strong>,663 186,516,926<br />
Net liability to the Lessor payable after one year 15 187,412,977 190,104,072<br />
1,689,558,767 1,778,702,671<br />
Current Liabilities<br />
Interest Bearing Loans & Borrowings (Including Overdraft) 12 308,304,543 312,805,4<strong>11</strong><br />
Net liability to the Lessor payable within one year 15 2,691,095 2,587,592<br />
Trade and other payables 16 278,426,690 246,761,<strong>11</strong>7<br />
Amounts due to related companies 17 24,518,767 325,864,710<br />
613,941,095 888,018,830<br />
Total Equity and Liabilities 3,666,784,296 3,684,718,393<br />
These Financial Statements are in compliance with the requirements of the Companies Act No. 07 of 2007.<br />
Chief Financial Officer<br />
The board of directors is responsible for the preparation and presentation of these Financial Statements. Signed for and on behalf of<br />
the board by<br />
DIRECTOR<br />
MANAGING AGENT<br />
1 1<br />
2 2<br />
The accounting policies and notes on pages 28 through 52 form an integral part of the Financial Statements.<br />
<strong>Colombo</strong>,<br />
24 May 20<strong>11</strong><br />
24<br />
<strong>Elpitiya</strong> <strong>Plantations</strong> <strong>Plc</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2010</strong>/<strong>11</strong>
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