Annual Report 2010-2011 - Colombo Stock Exchange
Annual Report 2010-2011 - Colombo Stock Exchange
Annual Report 2010-2011 - Colombo Stock Exchange
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D Other investements<br />
Value Rs.’000<br />
Investor Investment 31.03.<strong>2011</strong> movement 31.03.<strong>2010</strong><br />
Richard Pieris and Company PLC Unquoted investments<br />
Richard Pieris Plantations (Pvt) Ltd. - Debentures 65,750 - 65,750<br />
RPC Timberline (Pvt) Ltd - Debentures 55,000 - 55,000<br />
RPC Timberline (Pvt) Ltd - Equity Shares 12,985 12,985 -<br />
133,735 12,985 120,750<br />
Allowances for fall in value of investment in RPC Timberline (Pvt) Ltd (43,985) (18,985) (25,000)<br />
89,750 (6,000) 95,750<br />
Reversal of intra group debentures / adjustments (65,750) - (95,750)<br />
24,000 - -<br />
The value of unquoted investments based on net assets amounted to Rs. 5,000 mn (Rs. 4,221 mn in 2009/<strong>2010</strong>).<br />
6 Inventories<br />
Group<br />
Company<br />
<strong>2010</strong>/<strong>2011</strong> 2009/<strong>2010</strong> <strong>2010</strong>/<strong>2011</strong> 2009/<strong>2010</strong><br />
Rs. ‘000 Rs. ‘000 Rs. ‘000 Rs. ‘000<br />
Raw materials 722,599 560,514 - -<br />
Growing crop-nurseries 27,283 42,392 - -<br />
Work-in-progress 144,349 123,558 - -<br />
Finished goods 1,610,543 1,225,858 - -<br />
Produce inventories 798,321 478,019 - -<br />
Other inventories 46,074 48,068 - -<br />
Goods in transit 7,028 4,881 - -<br />
3,356,197 2,483,290 - -<br />
Elimination of unrealised profit (14,313) (19,252) - -<br />
3,341,884 2,464,038 - -<br />
Inventories are net of allowances for slow moving and obsolete inventories.<br />
The amount of write-down of inventories recognised as an expense is Rs.60mn (<strong>2010</strong> Rs. 42 mn) which is recognised under<br />
administration expenses.<br />
Inventories carried at net realisable value as at 31st March <strong>2011</strong> amounted Rs.886mn(<strong>2010</strong> Rs. 467 mn) which is recognised in<br />
cost of sales and administrative expenses.<br />
Inventories with a carrying amount of Rs. 1,250 mn (<strong>2010</strong> Rs. 896 mn ) are pledged as security for loans obtained, details of which<br />
are disclosed in Note 13 to the financial statements.<br />
85<br />
<strong>Annual</strong> <strong>Report</strong> <strong>2010</strong>/<strong>2011</strong> | Richard Pieris and Company PLC
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