Notes to Financial Statements - Ministry of Finance and Planning

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Financial Statements Explanatory Notes Note 09 - Lease of Vehicles According to the budget circular No 150 Department of National Budget has been procured 670 numbers of vehicles on Leased basis in 2011 and paid Rs. 275,866,391 as a lease installment during the year .This amount included in the Object code No 2101-Acquisition of Vehicles. Note 26 - Deposits and other Liabilities Rs. 19,817,306,000 received from Sangri- La Hotels Lanka (Pvt) Ltd and Avic International Hotels Lanka Limited for the land allocated to hotel development has been deposited in Treasury General Deposit Account (6000). Note 30 - Accumulated Total Investment and Accumulated Revenue Deficit The presentation of composition of the accumulated revenue deficit, which has been derived in the newly introduced reporting formats, has not been possible for periods prior to 2004 as the information required for ascertaining the same has not been compiled during pre-2004 periods. Total investments in physical assets are comprised of accumulated value of property, plant and equipment held by Ministries, Departments and Statutory Boards, at cost. Among other physical assets held in the form of property, plant and equipment, major items included are the accumulated value of physical assets of the infrastructure facilities provided by the State over the years in Transport, Irrigation, Health, Education etc., at cost. Therefore, there are difficulties associated with presenting the detailed itemized composition of such assets held by or prevailed under the supervision of the relevant Ministries, Departments and other Institutions as a detailed system of documentation and information had not been maintained to itemize the total value of such assets in the Cash Based Accounting System adopted. Similarly, total accumulated depreciation on those assets is also not calculated in the Cash Based Accounting System. However, for the fulfillment of requirements on the accountability on those physical assets in property, plant and equipment held by Ministries and Departments, especially in respect of movable physical assets, Annual Verification Procedure is followed for reporting the position to the Auditor General in terms of provisions in Section 3 of Chapter XIII of Government Financial Regulations, for securitization. Note 34 - Expenditure committed in 2010/2011 and paid in 2012 The total recurrent and capital expenditure incurred during the year 2012 includes recurrent expenditure of Rs.23,227 million and capital expenditure of Rs.32,021 million incurred for the years 2010 and 2011. Accordingly, total recurrent and capital expenditure for the year 2012 activities was Rs.1,095,104 million and Rs.1,041,882 million respectively. The relevant details are included in Note 34. Note 35 - Excluded Revenue The VAT on specified projects under the sections c (xxiii) and f(ii) of the exemption schedule of the Value Added Tax Act No. 14 of 2002 and respective amendments thereto and the relevant taxes on vehicles procured by public servants under the Trade and Investment Policy Circular No. 01/2010 dated 10.12.2010 are not included. However, these have been captured under the economic classification of revenue and expenditure. Note 36 - Bond Issued to Bank of Ceylon Bond Issued to BOC for capitalized the CPC dues has been accounted under the Government domestic borrowings. 610
Ministry of Finance and Planning Sri Lanka > Annual Report 2012 Note 32 Statement of Capital Investments on Development Projects-2012 Head No. Name of the Ministry/ Department Project Description Provision (Rs.) Expenditure (Rs.) Expenditure as % of Provision 1 His Excellency the President E-Sri Lanka Development Project 925,000,000.00 862,655,474.88 93% Lanka Government Net Work 220,000,000.00 209,200,000.00 95% Information & Communications Technology Regulator Capacity Building Project 24,000,000.00 6,383,932.44 27% Special Development Initiatives 1,000,000,000.00 25,000,000.00 3% 13 Human Rights Commision of Sri Lanka Gender Programme 1,000,000.00 535,254.00 54% 101 Ministry of Buddha Sasana and Religious Affairs 1. Sambuddha Jayanthiya 2600 , 2. Restoration of 12,030,000.00 4,454,401.21 37% "Makuththaramaya" 3. Project for Promotion Other Languages, 4. Hindu Buddhist Programme for Religious Harmony 5. Other Programme Re Development of 2600 Underdevelopment 100,000,000.00 94,663,837.51 95% Dhamma Schools Rehabilitation of Under-Developed Buddhist Temples, 60,000,000.00 48,711,602.95 81% Churches, Mosques & Tamil Temples in Anuradhapura Capital Grants for Buddhist Temples in Remote Areas 23,500,000.00 23,227,400.27 99% Mathata Thitha Programme & Protection of Milking 21,000,000.00 10,228,887.58 49% Cows Sacred Area Development 150,000,000.00 130,412,205.71 87% Vidyalankara International Buddhist Centre-Kelaniya 100,000,000.00 30,000,000.00 30% Mirisawetiya Buddhist Monk Training Center 18,000,000.00 12,420,406.40 69% Pilgrims Rest in Polonnaruwa 17,470,000.00 3,000.00 0% Asgiriya Temple Restoration Programme- 700 Years Anniversary 100,000,000.00 62,335,088.96 62% 102 Ministry of Finance and Planning Fiscal Management Reforms Project (GOSL/ADB) 1,216,973,663.95 1,215,918,003.51 100% Fiscal Management Efficiency Project (GOSL/ADB) 389,126,336.05 48,877,005.55 13% Conducting a Study on Developing a Comprehensive Social Protection Scheme Through IPS 10,113,270.00 10,113,270.00 100% 103 Ministry of Defence & Urban Development 1 & 2. Ranaviru Gammana Programme, 3. Defence Head quarters, 4. A Secretariat for Personal Identification at Battramulla, 5. Prefabrecated Buildings Project 889,300,000.00 725,229,519.51 82% Other Capital Expenditure 10,400,000.00 10,400,000.00 100% National Secretariat for NGOs 1,500,000.00 1,496,456.65 100% Administrative Complex Hambantota (GOSL/Korea) 55,000,000.00 55,000,000.00 100% International Conventional Center-Hambantota (GOSL/Korea) Metro Colombo Urban Development Project (GOSL/ World Bank) 520,000,000.00 520,000,000.00 100% 700,000,000.00 385,448,328.29 55% e-NIC Project 970,500,000.00 65,282,112.08 7% Greater Colombo Urban Transport Development Project (Township Development) 430,000,000.00 242,167,332.80 56% Hataraliyadda Town Development Project 100,000,000.00 20,000,000.00 20% Deyata Kirula Development programme 180,000,000.00 166,110,603.79 92% Flood Protection in Urban and Sub-Urban Areas 210,000,000.00 210,000,000.00 100% 105 Ministry of Economic Development Decentralized Budget Project 1,125,000,000.00 1,015,686,369.24 90% Community Development & Lvelihood Improvement Project (Second)(GOSL-WB) 2,205,360,000.00 2,048,471,461.90 93% Food Relief Programme (GOSL-WFP) 2,590,000,000.00 2,447,411,725.15 94% Construction of Houses(Indian Grant) 1,650,000,000.00 1,645,098,725.60 100% Pura Neguma 25,000,000.00 750,000.00 3% North East Local Services Improvement Project (GOSL-WB) 2,594,450,000.00 1,351,537,371.19 52% 611
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