68 <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong>Five year financial summary2007 2008 2009 2010 <strong>2011</strong>Group Rs. ‘ 000 Rs. ‘ 000 Rs. ‘ 000 Rs. ‘ 000 Rs. ‘ 000Financial resultsRevenue 17,936,712 23,142,619 28,692,481 30,874,797 37,128,661Profit from operation 675,013 947,199 1,232,186 1,429,545 1,825,442Profit before taxation 394,924 607,152 702,586 1,000,726 1,406,703Profit after taxation 337,454 491,016 539,900 712,392 1,094,173Minority interests (75,419) (43,169) (40,446) - (5,623)Profit attributable to Equity shareholders of the parent 262,035 447,847 499,454 712,392 1,088,550Financial positionStated capital 130,723 130,723 130,723 130,723 130,723Reserves 1,153,889 1,410,967 2,001,981 6,010,432 6,828,987Minority Interest 183,731 353,818 - - 89,723Capital and reserves 1,468,343 1,895,508 2,132,704 6,141,155 7,049,433Current assets 2,681,012 3,627,091 4,249,141 4,697,601 5,736,722Current liabilities (4,578,529) (5,548,754) (6,371,303) (7,085,476) (11,348,392)Working capital (1,897,517) (1,921,663) (2,122,162) (2,387,875) (5,611,670)Non current assets 4,091,504 4,712,094 5,411,594 9,251,241 13,568,878Non current liabilities (725,644) (894,923) (1,156,728) (722,211) (907,775)Minority interest (183,731) (353,818) - - (89,723)Net assets 1,284,612 1,541,690 2,132,704 6,141,155 6,959,710Key IndicatorsGrowth in turnover (%) 27.30 29.02 23.98 7.61 20.26Growth in earnings (%) 61.70 70.91 11.52 42.63 52.83Return on total assets (%) 3.87 5.37 5.17 5.11 5.67Growth in total assets (%) 23.42 23.13 15.85 44.39 38.40Growth in capital and reserves (%) 24.99 29.09 12.51 187.95 14.79Return on capital and reserves (%) 22.98 25.90 25.32 11.60 15.52Return on investment (%) 25.53 29.19 26.81 17.22 16.59Earnings per share (Rs.) 1.17 2.00 2.23 3.18 4.86Dividends per share (Rs.) 0.30 0.39 0.50 1.10 1.50Net assets per share (Rs.) 5.73 6.88 9.52 27.42 31.07Dividend pay out (%) 25.65 19.38 22.42 34.59 30.87Dividends paid 67,200 67,200 86,800 179,200 291,200Debt equity ratio (times) 4.13 4.18 3.53 1.27 1.74Interest cover (times) 2.41 1.79 2.33 3.33 5.02Current ratio (times) 0.59 0.65 0.67 0.66 0.51Quick assets ratio (times) 0.18 0.19 0.25 0.23 0.19Capital additions 954,353 1,058,914 1,096,392 602,720 1,408,938Market capitalisation 2,520,000 11,198,600 5,264,000 15,792,000 51,139,200(a) Return on investment is computed by dividing the profit for the year by total average assets employed.(b) Debt equity ratio is computed by dividing the total liabilities by the shareholders’ funds.(c ) Above ratios have been computed based on 224,000,000 shares in issue as at 31 March <strong>2011</strong>.
<strong>Annual</strong> <strong>Report</strong> <strong>2011</strong>69Group real estate portfolioLocation Land extent Building area Valuation / Costs Year of(Sq. ft.) Rs. ‘ 000 valuation<strong>Cargills</strong> (<strong>Ceylon</strong>) PLCColombo 01 141 Perches 140,000 1,640,000 2010Colombo 02 82 Perches 12,450 473,000 2010Kandy 94 Perches 6,729 750,000 2010Maharagama 145 Perches 6,384 382,000 2010Nuwara Eliya 57 Perches 6,900 106,000 2010Mattakuliya 330 Perches 65,000 552,000 2010Park Road - 4,332 28,000 2010Boralasgamuwa 2.5 Acres - 167,500 2010<strong>Cargills</strong> Quality Foods LimitedMattakuliya 1.5 Acres 6,667 188,500 2010Ja - Ela 5.1 Acres 23,067 294,000 2010<strong>Cargills</strong> Agrifoods LimitedKatana 11.3 Acres 10,210 183,680 2010Millers LimitedBandarawela 85 Perches 6,345 100,000 2010Kelaniya 1.2 Acres 62,985 197,600 2010C P C (Lanka) LimitedKatoolaya estate, Thawalantenne 4 Acres 550 4,159 -Dawson Office Complex (Private) LimitedColombo 02 99 Perches - 249,599 -Kotmale Dairy Products (Private) LimitedMulleriyawa 1.7 Acres 29,615 69,000 -Bogahawatta 1.7 Acres 17,442 12,000 -Note:Current year addition to the real estate portfolio from C P C (Lanka) Limited, Dawson Office Complex (Private) Limited andKotmale Dairy Products (Private) Limited are stated at their respective historical cost for which no valuation has been madeduring the financial year.