Financial Statements

STATEMENT OF FINANCIAL POSITION

As at 31 July Note 2020
LKR 		2019
LKR
Assets
Non-current assets
Property, plant and equipment 3.3 1,653,870,388 1,255,009,709
Assets under construction 3.4 14,460,217 11,710,686
Leasehold rights 4 39,366,358 40,001,299
Intangible assets 5 2,251,811 4,612,855
1,709,948,774 1,311,334,549
Current assets
Receivables and prepayments 6 179,296,003 183,117,458
Income tax receivable 17.4 15,903,701 12,751,451
Short-term investment 7 886,195,827 996,665,535
Cash and cash equivalents 8 261,065,209 127,950,979
1,342,460,740 1,320,485,423
Total assets 3,052,409,514 2,631,819,972
Reserves and liabilities
Capital and reserves
Revaluation reserve 1,224,646,722 862,498,827
Accumulated reserve 1,346,382,656 1,220,926,349
Total reserves 2,571,029,377 2,083,425,176
Non-current liabilities
Post-employment benefit plan 9 160,980,779 125,832,966
Project funds 10 22,036,385 18,648,579
Deferred tax liabilities 17.2 182,567,818 118,767,112
365,584,982 263,248,657
Current liabilities
Payables 11 93,628,755 251,146,865
Bank overdraft 8 22,166,400 33,999,274
115,795,155 285,146,139
Total reserves and liabilities 3,052,409,514 2,631,819,971

These Financial Statements are in compliance with the requirements of the Companies Act No. 07 of 2007.

Head of Administrative Operations

The Board of Directors is responsible for these Financial Statements. Signed for and on behalf of the Board by;

Director

Director

The Accounting Policies and Notes on pages 78 through 94 form an integral part of the Financial Statements.

5 November 2020
Colombo

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