2011 Annual Report - Cargills (Ceylon)

Annual Report 201155Notes to the financial statements contd...21 Stated capital Group Company2011 2010 2011 2010Rs. ‘ 000 Rs. ‘ 000 Rs. ‘ 000 Rs. ‘ 000Issued and fully paid :224,000,000 Ordinary shares 130,723 130,723 130,723 130,72322 Reserves Group Company2011 2010 2011 2010Rs. ‘ 000 Rs. ‘ 000 Rs. ‘ 000 Rs. ‘ 000Capital reservesRevaluation reserve 4,115,464 4,094,259 3,618,106 3,598,018Capital reserve 7,928 7,928 - -4,123,392 4,102,187 3,618,106 3,598,018Revenue reserveGeneral reserve 485,500 385,500 485,500 385,5004,608,892 4,487,687 4,103,606 3,983,518Revaluation reserve consists of net surplus resulting from the revaluation of property, plant & equipment.Capital reserve consists of share of capital reserve resulting from consolidation.General reserve represents the amount set aside by the directors for general applications.23 Cash and cash equivalents Group Company2011 2010 2011 2010Rs. ‘ 000 Rs. ‘ 000 Rs. ‘ 000 Rs. ‘ 000Cash at bank and in hand 303,645 261,763 246,161 160,051For the purpose of the cash flow statement, the year endcash and cash equivalents comprise the following:Cash and bank balances 303,645 261,763 246,161 160,051Bank overdraft (2,574,088) (1,068,192) (2,182,882) (979,245)(2,270,443) (806,429) (1,936,721) (819,194)For the purpose of the cash flow statement, following major non-cash transactions have been eliminated.- Transfer consideration of Kotmale Holdings PLC - - 1,037,785 -- Dividend received from subsidiary companies - - 48,603 275,382