directors - Colombo Stock Exchange
directors - Colombo Stock Exchange
directors - Colombo Stock Exchange
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DIeseL & MotoR eNGINeeRING pLC ANNUAL RepoRt 2009/10<br />
21. Trade and Other Receivables<br />
Consolidated Company<br />
2009/10 2008/09 2009/10 2008/09<br />
Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000<br />
Trade receivables 2,127,344 1,673,333 1,891,120 1,465,151<br />
Provision for bad and doubtful debts (212,334) (96,672) (165,038) (74,212)<br />
1,915,010 1,576,661 1,726,082 1,390,939<br />
Deposits and pre payments 55,260 48,848 44,290 30,103<br />
Other trade receivables 14,384 22,850 13,786 18,781<br />
Loans to employees 3,488 4,169 3,275 3,943<br />
22. Cash and Cash Equivalents<br />
1,988,142 1,652,528 1,787,433 1,443,766<br />
Consolidated Company<br />
2009/10 2008/09 2009/10 2008/09<br />
Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000<br />
Bank balances 28,684 3,982 21,314 3,379<br />
Cash in hand 6,777 5,716 6,451 5,491<br />
23. Assets Classified as Held for Sale<br />
35,461 9,698 27,765 8,870<br />
23.1 The management of Diesel & Motor Engineering PLC decided to divest its 49% holding in Dimo KLN<br />
Industries (Pvt) Ltd., to its Joint Venture Partner. The Share of assets and liabilities of Dimo KLN Industries<br />
(Pvt) Ltd. is given below:<br />
23.2 The Company holds 45% of shares in Browns Dimo Industrial Products (Pvt) Ltd. (BDIPL). As at the<br />
year end the management of Diesel & Motor Engineering PLC decided to divest the investment. Hence, the<br />
investment presented separately as assets classified as held for sale at the lower its carrying amount and<br />
fair value less cost to sell.<br />
Dimo KLN<br />
Industries<br />
(Pvt) Ltd.<br />
notes to the Financial statements<br />
Consolidated Company<br />
Browns<br />
Dimo Industrial<br />
Products (Pvt) Ltd. 2009/10 2009/10<br />
Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000<br />
Assets Classified as Held for Sale<br />
Non-current assets 2,712 – 2,712 –<br />
Current assets<br />
Investment in equity accounted investee<br />
3,014 – 3,014 –<br />
(Note 23.2.1) – 33,069 33,069 6,750<br />
Total assets 5,726 33,069 38,795 6,750<br />
Liabilities directly associated with<br />
assets classified as held for sale<br />
Non-current liabilities 6 – 6 –<br />
Current liabilities 5,720 – 5,720 –<br />
Total liabilities 5,726 – 5,726 –<br />
Network of branches, Workshops & showrooms 170 historical Note 171 Key principals 173 Country Report 175 Alphabetical Index 179<br />
157
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