directors - Colombo Stock Exchange

More documents

Recommendations

Info

income stAteMeNts 136 Consolidated Company For the year ended 31st March 2010 2009* Change 2010 2009 Change Restated Note Rs. ’000 Rs. ’000 % Rs. ’000 Rs. ’000 % Continuing Operations Gross turnover 5 10,530,587 9,187,966 15 9,556,752 8,666,943 10 Sales taxes (115,646) (89,106) 30 (103,143) (85,774) 20 Net turnover 10,414,941 9,098,860 14 9,453,609 8,581,169 10 Cost of sales (8,028,818) (6,898,780) 16 (7,362,013) (6,635,499) 11 Gross profit 2,386,123 2,200,080 8 2,091,596 1,945,670 8 Other income/(expense) 6 44,244 68,023 (35) 28,811 61,977 (54) Distribution expenses (213,510) (155,406) 37 (197,312) (140,009) 41 Administrative expenses (1,439,252) (1,351,947) 6 (1,272,779) (1,212,732) (5) Net finance cost Share of post-tax profit/(loss) of equity 7 (365,746) (585,491) (38) (344,001) (547,027) (37) accounted investee 8,236 (177) (4,753) – – – Profit before taxation 8 420,095 175,082 140 306,315 107,879 184 Income tax expense 9 (141,842) (72,054) 97 (117,113) (46,758) 150 Profit from continuing operations 278,253 103,028 170 189,202 61,121 210 Discontinued Operations Loss from discontinued operations (net of income tax) 10 (29,956) (13,584) – – Profit for the year attributable to equity holders of the Company 248,297 89,444 189,202 61,121 Earnings per Share Basic earnings per share - (Rs.) 11 28.53 9.36 21.74 6.40 Diluted earnings per share - (Rs.) 11 28.53 9.36 21.74 6.40 Continuing Operations Basic earnings per share - (Rs.) 11 31.97 10.79 21.74 6.40 Diluted earnings per share - (Rs.) 11 31.97 10.79 21.74 6.40 Dividend per share - (Rs.) 12 7.00 3.00 * Comparative figures have been restated to reflect the results of discontinued operation as explained in Note 10 to the Financial Statements. Figures in brackets indicate deductions. The Notes to the Financial Statements from pages 141 to 164 form an integral part of these Financial Statements. The Report of the Auditors is on page 135. ANNUAL RepoRt 2009/10 DIeseL & MotoR eNGINeeRING pLC statement of Directors’ Responsibilities for financial statements 134 Independent Auditors’ Report 135 Income statements 136 balance sheets 137
DIeseL & MotoR eNGINeeRING pLC ANNUAL RepoRt 2009/10 Consolidated Company balance sheets As at 31st March Note 2010 2009 2010 2009 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 ASSETS Non-Current Assets Property, plant & equipment 13 2,137,747 2,205,579 2,079,623 2,137,103 Leasehold property 14 1,360 1,440 1,360 1,440 Intangible assets 15 1,345 2,047 1,345 2,047 Investment in subsidiaries 16 – – 23,350 23,350 Investment in jointly controlled entity 17 – – – 1,323 Investment in equity accounted investee 18 – 24,833 – 6,750 Other long-term investments 19 1,012 1,012 1,005 1,005 Deferred tax assets 28 7,941 – – – Total non-current assets 2,149,405 2,234,911 2,106,683 2,173,018 Current Assets Inventories 20 1,316,374 1,329,848 1,236,757 1,240,180 Trade & other receivables 21 1,988,142 1,652,528 1,787,433 1,443,766 Income tax recoverable 32 10,251 36,189 10,183 34,367 Amounts due from subsidiaries 34 – – 23,265 72,762 Cash & cash equivalents 22 35,461 9,698 27,765 8,870 Total current assets 3,350,228 3,028,263 3,085,403 2,799,945 Assets classified as held for sale 23 38,795 – 6,750 – TOTAL ASSETS 5,538,428 5,263,174 5,198,836 4,972,963 EQUITY AND LIABILITIES Equity Stated capital 24 182,500 182,500 182,500 182,500 Capital reserve 25 1,135,612 1,135,612 1,135,612 1,135,612 Revenue reserves 26 882,816 686,733 652,679 515,691 Total equity attributable to the equity holders of the Company 2,200,928 2,004,845 1,970,791 1,833,803 Non-Current Liabilities Interest bearing borrowings 27 502,729 662,969 502,729 662,969 Deferred tax liabilities 28 36,078 42,319 36,078 41,315 Deferred income 29 11,775 363 11,239 363 Defined benefit obligations 30 142,138 125,167 132,607 117,137 Total non-current liabilities 692,720 830,818 682,653 821,784 Current Liabilities Interest bearing borrowings 27 162,354 244,276 162,354 244,276 Trade & other payables 31 1,159,629 380,809 1,074,877 320,341 Amounts due to subsidiaries 34 – – 37,251 375 Income tax payable 32 15,555 – – – Short-term interest bearing borrowings 33 1,301,516 1,802,426 1,270,910 1,752,384 Total current liabilities 2,639,054 2,427,511 2,545,392 2,317,376 Liabilities directly associated with assets classified as held for sale 23 5,726 – – – TOTAL EQUITY AND LIABILITIES 5,538,428 5,263,174 5,198,836 4,972,963 It is certified that the Financial Statements as set out on pages 136 to 164 have been prepared in accordance with the requirements of the Companies Act No. 7 of 2007. E.D.C. Kodituwakku General Manager-Finance & Controlling/Member - Group Management Committee The Directors are responsible for the preparation and presentation of these Financial Statements. Signed for and on behalf of the Board, A.R. Pandithage B.C.S.A.P. Gooneratne Chairman, Managing Director/Chief Executive Officer Director 18th May 2010 <strong>Colombo</strong> Figures in brackets indicate deductions. The Notes to the Financial Statements from pages 141 to 164 form an integral part of these Financial Statements. The Report of the Auditors is on page 135. Independent Auditors’ Report 135 Income statements 136 balance sheets 137 statements of Changes in equity 138 Cash flow statements 139 137
Page 1:
Annual Report 2009/10 DIESEL & MOTO
Page 4 and 5:
Vision To be the leader in all the
Page 6 and 7:
Contents Overview Financial Highlig
Page 8 and 9:
oVerView operational hIGhLIGhTS Har
Page 10 and 11:
oVerView CHairMan & Ceo’s REvIEW
Page 12 and 13:
oVerView 12 C H a i r M a n & Ceo
Page 14 and 15:
Overview Board of DIRECTORS ANNUAL
Page 16 and 17:
Overview Group ManaGeMent COMMITTEE
Page 18 and 19:
ManageMent report Business PERFORMA
Page 20 and 21:
Page 22 and 23:
ManageMent report The performance o
Page 24 and 25:
ManageMent report Tata Commercial V
Page 26 and 27:
Page 28 and 29:
ManageMent report We continue to ex
Page 30 and 31:
Page 32 and 33: ManageMent report A Year of Importa
Page 34 and 35: ManageMent report Business PERFORMA
Page 36 and 37: ManageMent report Performance Dimo
Page 38 and 39: ManageMent report Business PERFORMA
Page 40 and 41: ManageMent report The Business unit
Page 42 and 43: ManageMent report The division has
Page 44 and 45: ManageMent report FinanCial REvIEW
Page 46 and 47: ManageMent report Finance Expenses*
Page 48 and 49: ManageMent report Working Capital T
Page 50 and 51: ManageMent report Segment Performan
Page 52 and 53: 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 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
show all

directors - Colombo Stock Exchange

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?