Annual report for 2004/05 - Hemas Holdings, Ltd

Notes to the Financial StatementsYear ended 31 March 200514.1 Investments in Equity Securities-Non CurrentCarrying Market Carrying MarketGroup No of Shares Value Value in Value Value2005 2004 2005 2005 2004 2004Non-Quoted Rs. Rs. Rs. Rs.Mahaweli Reach Hotel Ltd - 648,890 - - 15,465,370 11,680,020Overseas Realty (Ceylon) Ltd 3,500 500 35,000 28,000 10,000 3,750Eden Hotels Lanka Ltd 127 127 861 2,096 861 2,000Galadari Hotels 2,000 2,000 20,000 32,000 20,000 17,500Blue Diamond Jewellers Ltd 1,300 1,300 15,600 4,875 15,600 3,900Royal Palm Beach Hotels 85 85 676 3,485 676 2,805Diesel Motor Engineering Co Ltd 884 - 12,390 86,932 - -Serendib Land Ltd 5,400 5,400 262,500 1,620,000 262,500 649,350Colombo Land and Developments Ltd 3,500 - 5,525 22,750 - -Ceylon Hospitals Ltd 50,000 153,000 1,000,000 1,362,500 3,325,000 3,060,000Lanka Hospitals Ltd 3,400 1,866,400 46,265 54,250 20,595,153 19,130,600Lanka Walltile Ltd 100 - 5,000 5,400 - -Lankem (Ceylon) Ltd 1,500 - 14,500 105,000 - -Provision for loss for the year (12,950) - (12,950) -Total Investment in Quoted Equity Securities 1,405,367 3,327,288 39,682,210 34,549,925Investments in Equity Securities - Non Current Carrying CarryingGroup - Continued Value Value2005 2004b) Non-Quoted Rs. Rs.Unit Trust (NAMAL) 2,500,000 2,500,000Felix Hotels Ltd 1,751,210 1,751,210Rainforest Ecology (Pvt) Ltd 10,000,000 10,000,000SLFFA Cargo Services Ltd 357,511 357,51114,608,721 14,608,721Total Equity Investments (Group - Non Current) 16,014,088 54,290,931No of DebenturesCarrying Value14.1.1 Investment in Debentures 2005 2004 2005 2004Group Rs. Rs.Ocean View Ltd (6% interest) 149,722 149,722 1,497,220 1,497,220149,722 149,722 1,497,220 1,497,220A N N U A L R E P O R T 2 0 0 4 - 2 0 0 5 55