Annual Report 2010-2011 - Colombo Stock Exchange
Annual Report 2010-2011 - Colombo Stock Exchange
Annual Report 2010-2011 - Colombo Stock Exchange
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Notes to the Financial Statements Contd.<br />
B<br />
Group investments in subsidiaries contd.<br />
% Holding No of shares Value Rs.000<br />
31.03.<strong>2011</strong> 31.03.<strong>2010</strong> 31.03.<strong>2011</strong> movement 31.03.<strong>2010</strong> 31.03.<strong>2011</strong> movement 31.03.<strong>2010</strong><br />
Investor<br />
RPC Plantation Management Services (Pvt) Ltd.<br />
Investee<br />
Namunukula Plantations PLC (Rs 1,599 mn) * 59 59 13,950,000 - 13,950,000 397,163 - 397,163<br />
Kegalle Plantations PLC (Rs 3,531 mn) * 68 68 17,015,000 - 17,015,000 190,974 - 190,974<br />
Investor<br />
Kegalle Plantations PLC<br />
Investee<br />
Richard Pieris Natural Foams Ltd. 35 35 22,500,000 - 22,500,000 225,000 - 225,000<br />
Hamefa Kegalle (Pvt) Ltd. 100 100 2,800,000 - 2,800,000 14,000 - 14,000<br />
3,810,896 276,891 3,534,005<br />
Allowances for fall in value of investments in;<br />
Playcarft Lanka (Pvt) Ltd. (4,276) - (4,276)<br />
Namunukula Plantations PLC (29,167) - (29,167)<br />
RPC Timberline (Pvt) Ltd. - 20,000 (20,000)<br />
Arpico Natural Latex Foams (Pvt) Ltd. (50,000) - (50,000)<br />
3,727,453 296,891 3,430,562<br />
C<br />
Company / Group investment in associates<br />
% Holding No of shares Value Rs.000<br />
31.03.<strong>2011</strong> 31.03.<strong>2010</strong> 31.03.<strong>2011</strong> movement 31.03.<strong>2010</strong> 31.03.<strong>2011</strong> movement 31.03.<strong>2010</strong><br />
Company<br />
Quoted investments<br />
Asian Alliance Insurance PLC (Rs 884 mn) * 15 15 5,629,900 1,879,900 3,750,000 159,756 122,256 37,500<br />
Company investments in associates (at cost) 159,756 122,256 37,500<br />
Group investments in associates<br />
Quoted Investments<br />
Investor<br />
Richard Pieris Distributors Ltd.<br />
Investee<br />
Asian Alliance Insurance PLC (Rs 589mn)* 10 10 3,750,912 1,250,312 2,500,600 106,277 81,271 25,006<br />
Unquoted Investments<br />
Investor<br />
Namunukula Plantations PLC<br />
Investee<br />
AEN Palm Oil Processing (Pvt) Ltd. 33 33 2,696,012 - 2,696,012 29,960 - 29,960<br />
Group investment in associates (at cost) 295,993 203,527 92,466<br />
Group share of associate companies -<br />
Asian Alliance Insurance PLC 132,687 66,398 66,289<br />
AEN Palm Oil Processing (Pvt) Ltd. 27,506 5,342 22,164<br />
Group investment in associates (equity basis) 456,186 275,267 180,919<br />
* Amounts stated within brackets correspond to market values as at 31st March <strong>2011</strong>. In the opinion of the Directors any reduction in market value below cost is considered to be of<br />
temporary nature.<br />
Richard Pieris and Company PLC | <strong>Annual</strong> <strong>Report</strong> <strong>2010</strong>/<strong>2011</strong> 84
Change language