directors - Colombo Stock Exchange

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notes to the Financial statements 23.2.1 Group Investment in equity accounted investee is reported as follows: 158 ANNUAL RepoRt 2009/10 DIeseL & MotoR eNGINeeRING pLC 2009/10 Rs. ’000 Non-current assets 7,092 Current assets 103,419 Total assets 110,511 Non-current liabilities 6,215 Current liabilities 30,809 Total liabilities 37,024 Net assets 73,487 Share of net assets - 45% 33,069 24. Stated Capital Consolidated/ Company 2009/10 2009/10 2008/09 2008/09 No. of shares Rs. ’000 No. of Shares Rs. ’000 Issued and Fully Paid Ordinary Shares Balance at the beginning of the year 8,702,389 182,500 12,100,000 182,500 Acquisition of Company’s own shares – – (3,397,611) – Balance at the end of the year 8,702,389 182,500 8,702,389 182,500 The holders of the Ordinary Shares are entitled to receive dividend as declared from time to time and are entitled to one vote per share at the meeting from the Company. 25. Capital Reserve Consolidated Company 2009/10 2008/09 2009/10 2008/09 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Reserve on revaluation of land 1,135,612 1,135,612 1,135,612 1,135,612 26. Revenue Reserve Consolidated Company 2009/10 2008/09 2009/10 2008/09 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Balance at the beginning of the year Dividends to shareholders 686,733 1,163,129 515,691 1,021,007 - Final 2008/09 (26,107) (30,250) (26,107) (30,250) - Interim 2009/10 (26,107) – (26,107) – Acquisition of Company’s own shares – (543,618) – (543,618) Surplus on actuarial valuation of retiring gratuity obligation – 8,028 – 7,431 Profit for the year 248,297 89,444 189,202 61,121 Balance at the end of the year 882,816 686,733 652,679 515,691 The Revenue Reserves represent reserves available for distribution. statements of Changes in equity 138 Cash flow statements 139 Notes to the financial statements 141 ten year summary 165 share Information 166
DIeseL & MotoR eNGINeeRING pLC ANNUAL RepoRt 2009/10 27. Long-Term Interest-Bearing Loans and Borrowings Consolidated Company 2009/10 2008/09 2009/10 2008/09 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 a. Non-Current Interest Bearing Borrowings Term loans (Note 27.1) 501,257 660,383 501,257 660,383 Finance lease obligations (Note 27.2) 1,472 2,586 1,472 2,586 Total non-current interest bearing borrowings 502,729 662,969 502,729 662,969 b. Current Portion of the Interest Bearing Borrowings: Term loans (Note 27.1) 161,626 238,493 161,626 238,493 Finance lease obligations (Note 27.2) 728 5,783 728 5,783 Total current portion of the interest bearing borrowings 162,354 244,276 162,354 244,276 27.1 Term Loans notes to the Financial statements Consolidated Company 2009/10 2008/09 2009/10 2008/09 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Non-Current At the beginning of the year 898,876 730,702 898,876 730,702 Loans obtained during the year – 350,000 – 350,000 898,876 1,080,702 898,876 1,080,702 Repayments during the year (235,993) (181,826) (235,993) (181,826) At the end of the year 662,883 898,876 662,883 898,876 Transferred to current liabilities (repayable within one year) 161,626 238,493 161,626 238,493 Long-term portion of long-term loans (repayable after one year) 501,257 660,383 501,257 660,383 Commercial Sampath Hatton National People’s Total Total Bank PLC Bank PLC Bank PLC Bank 2009/10 2008/09 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Principal Amount of Loans Loan - 1 350,000 150,000 120,000 150,000 770,000 820,000 Loan - 2 400,000 – 100,000 – 500,000 100,000 Loan - 3 – – 200,000 – 200,000 200,000 750,000 150,000 420,000 150,000 1,470,000 1,120,000 Movement of Loans Balance at the beginning of the year 445,710 15,000 288,166 150,000 898,876 730,702 Loans obtained during the year – – – – – 350,000 Repayments during the year (109,560) (15,000) (83,933) (27,500) (235,993) (181,826) Balance at the end of the year 336,150 – 204,233 122,500 662,883 898,876 Analysis of Long-Term Borrowings By Year of Repayment Payable within 1 year 59,360 – 72,266 30,000 161,626 238,493 Payable 2-5 years 199,800 – 131,967 92,500 424,267 503,473 Payable over 5 years 76,990 – – – 76,990 156,910 336,150 – 204,233 122,500 662,883 898,876 Network of branches, Workshops & showrooms 170 historical Note 171 Key principals 173 Country Report 175 Alphabetical Index 179 159
Page 1:
Annual Report 2009/10 DIESEL & MOTO
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Vision To be the leader in all the
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Contents Overview Financial Highlig
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oVerView operational hIGhLIGhTS Har
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oVerView CHairMan & Ceo’s REvIEW
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oVerView 12 C H a i r M a n & Ceo
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Overview Board of DIRECTORS ANNUAL
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Overview Group ManaGeMent COMMITTEE
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ManageMent report Business PERFORMA
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ManageMent report The performance o
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ManageMent report Tata Commercial V
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ManageMent report We continue to ex
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ManageMent report A Year of Importa
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ManageMent report Performance Dimo
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ManageMent report The Business unit
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ManageMent report The division has
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ManageMent report FinanCial REvIEW
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ManageMent report Finance Expenses*
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ManageMent report Working Capital T
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ManageMent report Segment Performan
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goVernance report enterprise GOvERN
Page 54 and 55: goVernance report SECTION 1: THE CO
Page 56 and 57: goVernance report The Company Secre
Page 58 and 59: goVernance report The Committee con
Page 60 and 61: goVernance report RELATIONS WITH SH
Page 62 and 63: goVernance report e n t e r p r i s
Page 64 and 65: goVernance report CHairMan & Ceo’
Page 66 and 67: goVernance report Risk Management A
Page 68 and 69: goVernance report Industry Trends D
Page 70 and 71: goVernance report tHe reMuneration
Page 72 and 73: goVernance report group STRUCTURE 1
Page 74 and 75: FINANCIAL CALENDAR Interim Financia
Page 76 and 77: annual RepoRt oF the boaRd oF diRec
Page 78 and 79: annual RepoRt oF the boaRd oF diRec
Page 80 and 81: statement oF diRectoRs’ RespoNsIb
Page 82 and 83: income stAteMeNts 136 Consolidated
Page 84 and 85: statements oF ChANGes IN eqUIty 138
Page 86 and 87: cash Flow statements Reconciliation
Page 88 and 89: notes to the Financial statements 3
Page 90 and 91: notes to the Financial statements T
Page 92 and 93: notes to the Financial statements A
Page 100 and 101: notes to the Financial statements N
Page 102 and 103: notes to the Financial statements T
Page 108 and 109: notes to the Financial statements F
Page 112 and 113: Share INFORMATION 1. Stock Exchange
Page 114 and 115: S h a r e I n f o r m aT I o n 9. T
Page 116 and 117: neTwork of BRANCHES, WORKSHOPS & SH
Page 118 and 119: h I STo r I c a l n oT e The key at
Page 120 and 121: k eY p r I n c I pa l S Principals
Page 122 and 123: co u n T rY r e p o rT Sectoral Com
Page 124 and 125: co u n T rY r e p o rT Expectation
Page 126 and 127: GloSSarY of FINANCIAL TERMS Account
Page 128 and 129: corporaTe INFORMATION Name of the C
Page 130 and 131: The creative approach we adopted fo
Page 132: f o r m o f p rox Y Instructions as
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directors - Colombo Stock Exchange

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