Annual Report 2010-2011 - Colombo Stock Exchange

Group
Company
2011 2010 2011 2010
For the year ended March 31 Rs. ‘000 Rs. ‘000 Rs. ‘000 Rs. ‘000
Cash Flows from (Used in) Financing Activities
Increase in minority shareholding 16,264 - - -
Proceeds from issue of ordinary shares 49,137 - 49,137 -
Proceeds from interest bearing loans and borrowings 1,133,979 1,445,223 - -
Repayment of interest bearing loans and borrowings (1,248,156) (1,661,459) (609,385) (477,795)
Principal payment under finance lease liabilities (24,593) (24,828) - -
Dividend paid to equity holders of parent (515,946) - (515,946) -
Dividend paid by subsidiary companies to outside shareholders (56,117) (8,128) - -
Net cash flows used in financing activities (645,432) (249,192) (1,076,194) (477,795)
Net increase / (decrease) in cash and cash equivalents 784,373 1,364,896 (99,470) (301,015)
Cash and cash equivalents at the beginning of the year (2,026,448) (3,391,344) (1,408,513) (1,107,498)
Cash and cash equivalents at the end of the year (1,242,075) (2,026,448) (1,507,983) (1,408,513)
Analysis of cash and cash equivalents at the end of the year
Bank and cash balances 20 2,563,859 1,322,843 63,349 266,271
Short term borrowings 20 (3,805,934) (3,349,291) (1,571,332) (1,674,784)
(1,242,075) (2,026,448) (1,507,983) (1,408,513)
The accounting policies and notes from pages 67 to 103 form an integral part of these financial statements.
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Annual Report 2010/2011 | Richard Pieris and Company PLC