Annual Report - 2008 - Colombo Stock Exchange

Ceylon Theatres PLC | Annual Report 2008 | 39ReservesAfter the above mentioned appropriations, the total reservesof the Group stand at Rs 3.92 bn (2007 – Rs 2.14 bn), whilethe total reserves of the company stand at Rs 1.69 mn (2007- Rs 0.43bn).Capital ExpenditureThe Group’s capital outlay on Property, Plant and Equipmentamounted to Rs 1.97 bn (2007 – Rs 1.81 bn) while theCapital outlay of the Company on Property, Plant andEquipment amounted to Rs 11.3 mn (2007 - Rs 255,000).The movement of Property, Plant and Equipment during theyear is given in Note 9 to the accounts.ShareholdersThere were 1,231 registered shareholders as at 31st March2008 (2007 - 464 shareholders). An analysis of shareholdersaccording to size and holdings and the names of the 20largest shareholders of the Company are given on pages 91and 92.DirectorateThe Directors listed on Page 5 have been Directors of theCompany throughout the year under review except for Mr.Sunil Mendis and Mr. J B L De Silva who were appointed tothe Board on 24th March 2008. Mr. R Selvaskandan wasappointed a Director on 8th August 2008. Details of Directorsof subsidiary companies as at the Balance Sheet date aregiven on pages 94 to 96 of this report.and being eligible offer themselves for re-election. Mr. SunilMendis, Mr. J B L De Silva and R Selvaskandan also retirebeing eligible offer themselves for re-election.The election of the retiring Directors has the unanimoussupport of the other Directors.Directors’ Interest in ContractsThe Directors’ interests in contracts and proposed contractswith the company are included in Note 32 to the accounts.The Directors have declared their interests at meetings of theBoard.Directors’ ShareholdingsThe Directors’ Shareholdings in the company were as follows:As AtAs At-Mar-2008 31-Mar-2007Mr Anthony A Page 128,866 117,527Mr A T P Edirisinghe 407 332Mr L R Page 725 473Mr J C Page 57,145 62,000Mr V R Page 91,545 90,671Mr Sunil Mendis - -Mr J B L de Silva 3 -Mrs T A Selvaratnam 29,960 29,800Mr. J C Page, Mr. V R Page and Mrs. T A Selvaratnam retireby rotation in terms of the Company’s Articles of Association