Annual Report 2010-2011 - Colombo Stock Exchange

11 Revenue reserves
Group
Company
2010/2011 2009/2010 2010/2011 2009/2010
Rs. ‘000 Rs. ‘000 Rs. ‘000 Rs. ‘000
A. General reserve 179,443 179,443 - -
179,443 179,443 - -
B. Retained profit 3,041,659 1,876,921 617,905 654,962
3,221,102 2,056,364 617,905 654,962
11.1 General reserves represent amounts set aside from time to time by the directors for general application. These have been
appropriated by the board complying with the articles of association which provides for such amounts being set aside for future
use and utilized based on board approval.
12 Foreign currency translation
Group
Company
2010/2011 2009/2010 2010/2011 2009/2010
Rs. ‘000 Rs. ‘000 Rs. ‘000 Rs. ‘000
At the beginning of the year 31,152 32,371 - -
Exchange translation difference for the year (3,838) (1,219) - -
At the end of the year 27,314 31,152 - -
Foreign currency translation relates to the resulting exchange difference on translation of Arpitalian Compact Soles (Pvt.) Ltd.’s
accounts maintained in US dollars, into Sri Lankan rupees.
13 Interest bearing loans and borrowing
Group
Company
2010/2011 2009/2010 2010/2011 2009/2010
Rs’000 Rs’000 Rs’000 Rs’000
At beginning of the year 3,197,229 3,416,833 1,033,469 1,511,263
Effect of foreign currency translation (8,433) (3,368) - -
Disposal of subsidiary (1,087) - - -
New Loans obtained 1,133,979 1,445,223 - -
4,321,688 4,858,688 1,033,469 1,511,263
Repayments (1,248,156) (1,661,459) (609,385) (477,794)
3,073,532 3,197,229 424,084 1,033,469
Transferred to current Liabilities (1,075,241) (1,239,549) (275,000) (605,000)
At the end of the year 1,998,291 1,957,680 149,084 428,469
Total Interest Bearing Loans & Borrowings
Repayable within one year 1,075,241 1,239,549 275,000 605,000
Repayable after one year 1,998,291 1,957,680 149,084 428,469
3,073,532 3,197,229 424,084 1,033,469
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Annual Report 2010/2011 | Richard Pieris and Company PLC