directors - Colombo Stock Exchange

DIeseL & MotoR eNGINeeRING pLC ANNUAL RepoRt 2009/10
15. Intangible Assets
Consolidated Company
2009/10 2008/09 2009/10 2008/09
Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000
Cost
Balance at the beginning of the year 2,808 2,808 2,808 2,808
Balance at the end of the year 2,808 2,808 2,808 2,808
Accumulated Amortisation
Balance at the beginning of the year 761 59 761 59
Amortisation for the year 702 702 702 702
Balance at the end of the year 1,463 761 1,463 761
Carrying amount at the end of the year 1,345 2,047 1,345 2,047
Computer software purchase cost has been classified as an Intangible Asset.
16. Investment in Subsidiaries
Percentage of
Company
2009/10 2008/09
Holding Rs. ’000 Rs. ’000
Unquoted Investment-Ordinary Shares
Dimo (Pvt) Ltd. - 25,000 (a) 100 250 250
Dimo Industries (Pvt) Ltd. - 2,300,500 (b) 100 23,050 23,050
Dimo Travels (Pvt) Ltd. - 500 (c) 100 50 50
23,350 23,350
Principal activities of the subsidiaries include;
(a) Sale and after sales service of bio medical equipment, power engineering solutions, building
technologies, generating sets, diesel engines for marine propulsion and rail traction engines and
fluid management systems.
(b) Tyre retreading
(c) Business of travel agency including provision of transportation facilities.
In the opinion of the Directors, the net realisable value of the unquoted investments are higher
than their cost.
17. Investment in Jointly Controlled Entity
notes to the Financial statements
Company
Percentage of 2009/10 2008/09
Holding Rs. ’000 Rs. ’000
Unquoted Investments
DIMO-KLN Industries (Pvt) Ltd. 49 8,000 8,000
Provision for fall in value of investment in joint venture (8,000) (6,677)
– 1,323
Network of branches, Workshops & showrooms 170 historical Note 171 Key principals 173 Country Report 175 Alphabetical Index 179
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