Notes to the Financial Statements Contd.... - Colombo Stock Exchange

Year Ended 31st March 2009
28. SECURITIES PLEDGED
The following assets have been pledged as securities for liabilities.
Notes to the Financial Statements Contd....
K E G A L L E P L A N T A T I O N S P L C 2 0 0 9
Name of Bank Loan Security Nature of Carrying Amount Pledged
Facility Liability 2009 2008
Rs. Rs. Rs.
Bank of Ceylon 35Mn Primary mortgage over leasehold rights of
Gampaha Estate. Overdraft 71,084,416 67,388,179
Hatton National Bank 50Mn Primary mortgage over leasehold rights of
Luckyland Estate. Overdraft 117,565,327 112,058,500
ADB / NDB 526.7Mn Corporate guarantee by RP&C0. for
Rs. 33Mn. Primary and secondary
mortgage over leasehold rights of
Atale, Etana, Doteloya, Kirklees,
Pallegama, Parambe, Weniwella and
Yataderiya estates. Term Loan 757,342,303 710,757,205
ADB / Seylan 55.7Mn Primary mortgage over leasehold
rights of Eadalla Estate. Term Loan 106,245,840 100,245,746
Hatton National Bank 100Mn Board Resolution Term Loan - -
LOLC 10.6Mn Pleadge over 01 no. NANTA
7192T seiries colour Term Loan 13,412,667 15,328,762
One of the Land belongs to Company’s estate secured to a financial institution on behalf of Hamefa Kegalle (Pvt) Ltd in order to obtain financial facilities
to Hamefa Kegalle (Pvt) Ltd.
29. CAPITAL COMMITMENTS
Followings are the capital commitments Company Group
as at the Balance Sheet date 2009 2008 2009 2008
Rs. Rs. Rs. Rs.
Approved by the Board & Contracted for Nil Nil Nil Nil
Approved by the Board & not Contracted for 126,728,100 146,513,500 126,728,100 146,513,500
126,728,100 146,513,500 126,728,100 146,513,500
30. CONTINGENT LIABILITIES
No known contingent liabilities exist as at the Balance Sheet date, other than those disclosed in Notes 14 & 16 to the Financial Statements.
31. POST BALANCE SHEET EVENTS
Subsequent to the Balance Sheet date, Hamefa Kegalle (Pvt) Ltd discontinued commercial operations and steps are being taken to dispose the
assets.
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