directors - Colombo Stock Exchange

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