Annual Report 2010-2011 - Colombo Stock Exchange

Notes to the Financial Statements Contd.
19 Short term borrowings
Group
Company
2010/2011 2009/2010 2010/2011 2009/2010
Rs. ‘000 Rs. ‘000 Rs. ‘000 Rs. ‘000
Commercial papers (a) 125,853 100,191 125,853 100,191
Import loans (b) 78,611 94,447 - -
Other short term borrowings ( c) 1,799,678 1,996,424 1,400,000 1,570,000
Bank overdrafts (d) 1,801,792 1,158,229 45,479 4,593
3,805,934 3,349,291 1,571,332 1,674,784
(a) Repayment of commercial papers will be less than three months.
(b) Import loans have been obtained for the purpose of operations and is repayable within thirty to ninety days.
(c) Short term borrowings mainly consist of money market borrowings and will be repayable at maturity within seven to ninety
days.
(d) Bank overdrafts are repayable on demand.
20 Cash and cash equivalents
Group
Company
2010/2011 2009/2010 2010/2011 2009/2010
Rs. ‘000 Rs. ‘000 Rs. ‘000 Rs. ‘000
Cash at bank and in hand 1,274,365 602,850 63,349 266,271
Treasury bills 1,289,494 719,993 - -
2,563,859 1,322,843 63,349 266,271
Short term borrowings (Note 19) (3,805,934) (3,349,291) (1,571,332) (1,674,784)
(1,242,075) (2,026,448) (1,507,983) (1,408,513)
Richard Pieris and Company PLC | Annual Report 2010/2011 92