Introductory Document - Colombo Stock Exchange

RAMBODA FALLS (PVT) LIMITEDNOTES TO THE FINANCIAL STATEMENTFOR THE YEAR ENDED 31 MARCH, 2011 2010Rs.Rs.4. REVENUEFood revenue 25,842,034 7,188,884Beverage revenue 7,000,223 1,695,430Accommodation income 10,014,095 2,295,767Hiring and other income - 1,821,149Other sales income 302,040 1,245,476Less: VAT (4,591,752) (1,085,335)38,566,640 13,161,3715. OTHER INCOMERent ncome 569,136 -Shop rent 45,000 -Profit from disposal of property, plant & equipment 800,000 -1,414,136 -6. RESULTS FROM OPERATING ACTIVITIESResults from operating activities has been obtained1,920,000 459,000after deducting following expenses:Directors' emolumentsAuditors' remuneration 150,000 40,000Depreciation 2,161,830 868,737Staff cost (Note 6.1) 5,284,054 1,453,9356.1 Staff CostSalaries & wages 4,290,939 1,204,421Employee Provident Fund 341,036 199,611Employee Trust Fund 85,229 49,903Staff welfare 75,000 -Gratuity 491,850 -5,284,054 1,453,935Average number of employees 63 467. NET FINANCE COSTS7.1 Finance incomeExchange gain 5,185 -5,185 -7.2 Finance costs(645,636) (901,625)Interest on leaseInterest on term loan (920,668) (281,973)Interest on overdraft (60,698) (13,894)Commission on credit cards (117,390) (62,319)(1,744,392) (1,259,811)Net finance costs (1,739,207) (1,259,811)51 Ramboda Falls Limited – Introductory Document