directors - Colombo Stock Exchange
directors - Colombo Stock Exchange
directors - Colombo Stock Exchange
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notes to the Financial statements<br />
27.2 Finance Lease Obligations<br />
Principal Amount Consolidated Company<br />
160<br />
2009/10 2008/09 2009/10 2008/09<br />
Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000<br />
Gross liability at the beginning of the year 10,901 22,068 10,901 22,068<br />
Repayments during the year (7,678) (11,167) (7,678) (11,167)<br />
Net lease obligation at the end of the year 3,223 10,901 3,223 10,901<br />
Finance charges unamortised (1,023) (2,532) (1,023) (2,532)<br />
Net liability at the end of the year 2,200 8,369 2,200 8,369<br />
Transferred to current liabilities (repayable within one year) 728 5,783 728 5,783<br />
Non-current portion of finance lease obligations (repayable after<br />
one year) 1,472 2,586 1,472 2,586<br />
28. Deferred Tax Assets/(Liabilities)<br />
Consolidated Company<br />
2009/10 2008/09 2009/10 2008/09<br />
Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000<br />
Balance at the beginning of the year 42,319 41,132 41,315 40,990<br />
Origination and reversal of temporary differences (14,182) 1,187 (5,237) 325<br />
Balance at the end of the year 28,137 42,319 36,078 41,315<br />
Recognised Deferred Tax Assets and Liabilities<br />
Property, plant & equipment 246,922 246,078 235,687 235,180<br />
Defined benefit obligations (142,048) (125,167) (132,607) (117,137)<br />
Provisions (24,482) – – –<br />
Net temporary differences 80,392 120,911 103,080 118,043<br />
Deferred tax liability (net) at the rate of 35% 28,137 42,319 36,078 41,315<br />
The amount of deferred tax assets and liabilities recognised in the Balance Sheet for each year is presented as follows:<br />
Consolidated Company<br />
2009/10 2008/09 2009/10 2008/09<br />
Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000<br />
Deferred tax assets (7,941) – – –<br />
Deferred tax liabilities 36,078 42,319 36,078 41,315<br />
28,137 42,319 36,078 41,315<br />
Unrecognised deferred tax assets<br />
Deferred tax assets have not been recognised in<br />
respect of the following items<br />
Tax losses as at 31 March 2010 (Note 9.2) 12,805 19,861 – –<br />
Unrecognised deferred tax asset 4,482 6,951 – –<br />
Deferred tax asset in respect of above has not been recognised because it is not probable that future taxable profit will be<br />
available.<br />
ANNUAL RepoRt 2009/10 DIeseL & MotoR eNGINeeRING pLC<br />
statements of Changes in equity 138 Cash flow statements 139 Notes to the financial statements 141 ten year summary 165 share Information 166
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