Elpitiya Plantations Plc Annual Report 2010/11 - Colombo Stock ...

Notes to the Financial Statements
Year Ended 31 st March 2011
12.3 Short Term Loans 2011 2011 2011 Rate of terms of
Repayable Repayable Repayable total total Interest Repayment
within after 1 year Less after 05 years as At as At
1 year than 05 years 31.03.2011 31.03.2010
Rs. Rs. Rs. Rs. Rs.
HNB Money Market Loan 75,000,000 - - 75,000,000 100,000,000 (XVII)
Marketing Development Tempory Loan 826,000 - - 826,000 4,035,576 (XVIII)
75,826,000 - - 75,826,000 104,035,576
Payable within 03 months
Payable within 03 months
12.4 Tea Securitising Loans
National Development Bank 19,400,000 - - 19,400,000 49,100,000
National Development Bank 17,000,000 28,500,000 - 45,500,000 50,000,000 (XIX)
National Development Bank 28,200,000 78,200,000 - 106,400,000 115,000,000 (XX)
National Development Bank 19,000,000 129,000,000 - 148,000,000 150,000,000 (XXI)
State Bank of India-through NDB 25,000,000 223,200,000 - 248,200,000 250,000,000 (XXII)
108,600,000 458,900,000 - 567,500,000 614,100,000
12.5 Finance Leases
Gross Liability 9,415,897 17,734,068 - 27,149,965 27,873,881
Less: Finance charges (3,340,176) (3,863,319) - (7,203,495) (6,295,816)
allocated to future periods
Net liability 6,075,721 13,870,749 - 19,946,470 21,578,065
12.6 Guaranteed Redeemable Debentures (Rs.75,000,000/-)
The above balance represents 03 Guaranteed Redeemable Debenture, for the value of Rs. 25,000,000/- each at the par value of Rs.
25,000,000/- each (principal sum) payable to Plantations Trust Fund. The rate of interest will be 13.08% per annum is payable semi-annually on
or before 30 June and 31 December until the said debenture shall have been redeemed on 04 December 2012. Debentures shall mandatorily
be converted to ordinary shares if Company fails to adhere to the conditions stated in the debenture invested agreement.
(I)
(II)
(III)
(IV)
(V)
(VI)
(VII)
(VIII)
15.75% per annum. 4% reduction on timely payments.
17.6% per annum. 4% reduction on timely payments.
18.33% p.a 4% reduction on timely payments
18 % per annum. 4% reduction on timely payments.
18% per annum, 4%, reduction on timely payments.
AWPR+ 2 per annum
AWPLR + 3% (reviewed monthly)
AWPLR + 3% (reviewed monthly)
(XV)
(XVI)
(XVII)
(XVIII)
(XIX)
(XX)
(XXI)
(XXII)
Short term money market rate.
AWPLR-0.2T% per centum per annum
Short term money market rate.
18% per annum.
18.43% per annum.
AWPLR + 1.95% per annum.
AWPLR of 1.75% per annum.
AWPLR + 2.25% per annum.
(IX)
6.5% {untill refinance funds are received at AWPLR+3% (reviewed monthly)}
(X)
16% per annum.
(XI)
AWPLR + 2.5% with a floor rate of 21.0% p.a
(XII)
16.44% per annum.
(XIII)
AWPLR +2.0% with a floor rate of 16% p.a
(XIV)
AWPLR +2.0% with a floor rate of 19% p.a
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Elpitiya Plantations Plc Annual Report 2010/11