Annual Report 10/11 - ACL Cables PLC

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ACL Cables PLC Annual Report 2010/11Notes to the Financial Statements17. Investment in other companiesCompanyNumberof sharesAs at 31 March 2011 As at 31 March 2010CostMarketValueNumber ofsharesCostMarketValueBanking finance andinsuranceMerchant Bank of Sri Lanka PLC 18,379 1,546,083 849,110 18,379 1,546,083 358,391Nations Trust Bank PLC 4,653 450,173 1,406,362 18,613 221,215 642,149-Share warrants - 2010 - - - 4,653 46,530 37,224-Share warrants - 2011 - - - 2,326 23,260 18,608Chemicals andpharmaceuticalsChemical Industries- - - 432 2,976 29,376(Colombo) PLCLand and propertiesKelsey Development PLC - - - 1,687 29,163 21,931Colombo Fort Land andBuilding Co. PLC - - - 14 252 924Beverage, food andtobaccoCeylon Tobacco Co. PLC - - - 1,862 39,585 465,966Footwear and textilesAsian Cotton Mills PLC - - - 67 1,938 2,546ManufacturingChevron Lubricants Lanka PLC - - - 55,200 5,236,144 9,273,600TelecommunicationDialog Telekom PLC 390,000 4,142,633 4,095,000 - - -Diversified holdingsJohn Keells Holdings PLC 11,819 857,542 3,375,506 11,819 857,542 2,174,696Walker and Greig PLC 130,700 13,249,918 10,103,110 - - -TradingSinger (Sri Lanka) PLC - - - 332 6,185 6,284MotorsUnited Motors (Lanka) PLC 71 - 10,806 71 - 6,284Total cost of investments bythe Company 20,246,349 18,990,784 8,010,872 13,037,97968
ACL Cables PLC Annual Report 2010/1117. Investment in other companies (Contd.)Investments by subsidiary companiesNumberof sharesAs at 31 March 2011 As at 31 March 2010CostMarketValueNumber ofof sharesCostMarketValueBanking, finance andinsuranceNDB Bank PLC - - - 22,500 4,005,229 4,725,000Asia Capital PLC - - - 20,000 294,112 260,000Nations Trust Bank PLC 25,592 512,005 1,952,670 23,266 407,335 814,310- Share warrants - 2011 - - - 2,326 23,260 81,410DFCC Bank PLC 13 2,300 2,233 13 2,000 2,346PlantationMaskeliya Plantations PLC 8,200 374,258 230,420 8,200 374,258 243,950Watawala Plantations PLC 20,000 1,252,041 500,000 20,000 1,252,041 3,520,000Hapugastenna Plantations PLC - - - 5,000 233,275 190,000Kegalle Plantations PLC - - - 20,000 1,014,000 940,000Kotagala Plantations PLC 10,000 476,580 1,680,000 10,000 476,580 447,500Diversified holdingsHayleys PLC 38,907 2,952,614 14,866,365 96,268 7,305,684 21,660,300Total cost of investments bysubsidiaries 5,569,798 19,231,688 15,387,774 32,884,816Total cost of investmentby Group 25,816,147 38,222,473 23,398,646 45,922,79318. InventoriesGroupAs at 31 MarchCompanyAs at 31 March2011 2010 2011 2010Raw materials 1,130,219,311 734,693,742 783,833,295 500,269,937Work-in-progress 685,720,660 519,956,056 431,191,229 256,232,439Finished goods 1,325,414,628 1,279,377,259 724,879,432 717,963,243Goods in transit 176,768,141 174,917,236 157,483 -Other stocks 163,653,465 134,798,868 78,539,902 59,903,6003,481,776,206 2,843,743,161 2,018,601,341 1,534,369,218Provision for obsolete stock [18.(i)] (67,115,197) (62,381,648) (30,000,000) (30,000,000)Net book amount 3,414,661,009 2,781,361,513 1,988,601,341 1,504,369,21818. (i) Provision for obsolete stockBalance at 1 April 62,381,648 56,810,372 30,000,000 30,000,000Provision during the year 4,733,549 5,571,276 - -Balance at 31st March 67,115,197 62,381,648 30,000,000 30,000,00069
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