|
|
Consolidated |
Company |
| As at 31st March |
Note |
2008
Rs. ’000 |
2007
Rs. ’000 |
2008
Rs. ’000 |
2007
Rs. ’000 |
ASSETS |
|
|
|
|
|
| Non-Current assets |
|
|
|
|
|
| Property, plant & equipment |
9 |
1,392,110 |
939,890 |
1,329,751 |
892,164 |
| Leasehold property |
10 |
1,520 |
1,600 |
1,520 |
1,600 |
| Intangible assets |
11 |
2,749 |
– |
2,749 |
– |
| Investment in subsidiaries |
12 |
– |
– |
350 |
350 |
| Investment in joint venture |
13 |
– |
– |
6,000 |
6,000 |
| Investment in equity accounted investee |
14 |
25,011 |
21,729 |
6,750 |
6,750 |
| Other long-term investments |
15 |
41,678 |
41,678 |
41,671 |
41,671 |
| Deferred tax assets |
21 |
– |
473 |
– |
– |
| Total non-current assets |
|
1,463,068 |
1,005,370 |
1,388,791 |
948,535 |
| Current assets |
|
|
|
|
|
| Inventories |
16 |
2,189,806 |
2,097,128 |
2,123,448 |
2,005,682 |
| Trade & other receivables |
17 |
2,117,315 |
1,919,744 |
1,899,155 |
1,641,823 |
| Income tax recoverable |
25 |
9,747 |
– |
– |
– |
| Receivables from subsidiaries & joint ventures |
28 |
– |
– |
113,876 |
168,204 |
| Cash & cash equivalents |
18 |
51,222 |
176,390 |
49,454 |
175,521 |
| Total current assets |
|
4,368,090 |
4,193,262 |
4,185,933 |
3,991,230 |
| Total assets |
|
5,831,158 |
5,198,632 |
5,574,724 |
4,939,765 |
EQUITY AND LIABILITIES |
|
|
|
|
|
| Stated capital |
19 |
182,500 |
182,500 |
182,500 |
182,500 |
| Revaluation reserves |
19 |
311,522 |
311,522 |
311,522 |
311,522 |
| Revenue reserves |
19 |
1,163,129 |
1,012,486 |
1,021,007 |
880,788 |
| Total equity attributable to equity holders of the Company |
|
1,657,151 |
1,506,508 |
1,515,029 |
1,374,810 |
| Non-current liabilities |
|
|
|
|
|
| Long-term interest bearing loans and borrowings |
20 |
554,176 |
345,546 |
554,176 |
345,546 |
| Deferred tax liabilities |
21 |
41,132 |
31,327 |
40,990 |
31,327 |
| Deferred income |
22 |
1,222 |
3,218 |
1,222 |
3,218 |
| Retirement benefit obligations |
23 |
115,763 |
93,753 |
108,130 |
86,703 |
| Total non-current liabilities |
|
712,293 |
473,844 |
704,518 |
466,794 |
| Current liabilities |
|
|
|
|
|
Current portion of long-term interest-bearing
loans and borrowings |
20 |
193,539 |
158,532 |
193,539 |
158,532 |
| Trade & other payables |
24 |
1,163,544 |
586,137 |
1,108,779 |
552,285 |
| Amounts payable to subsidiaries |
28 |
– |
– |
392 |
467 |
| Income tax payable |
25 |
49,972 |
113,001 |
49,972 |
111,144 |
| Short-term interest-bearing loans and borrowings |
26 |
2,054,659 |
2,360,610 |
2,002,495 |
2,275,733 |
| Total current liabilities |
|
3,461,714 |
3,218,280 |
3,355,177 |
3,098,161 |
TOTAL EQUITY AND LIABILITIES |
|
5,831,158 |
5,198,632 |
5,574,724 |
4,939,765 |
| |
|
|
|
|
|
I certify that the Financial Statements as set out on pages 104 to 126 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
Chairman, Managing Director/Chief Executive Officer |
|
B.C.S.A.P. Gooneratne
Director |
9th May, 2008
Figures in brackets indicate deductions
The Significant Accounting Policies and Notes to the Financial Statements form an integral part of these Financial Statements.
The Report of the Auditors. |
