Statement of financial position

(All amounts in Sri Lankan Rupees million)

Group Company
As at 31 December Notes 2014 2013 2014 2013
Assets
Non-current assets
Property, plant & equipment 13 90,935 80,506 60,221 47,549
Intangible assets and goodwill 14 3,412 3,976 1,326 1,613
Financial prepayments 15 79 176
Investments in subsidiaries 16 14,189 14,156
Deferred tax assets 23 46 58
Other receivables 18 2,789 2,733 2,789 2,733
Total non-current assets 97,261 87,449 78,525 66,051
Current assets
Inventories 19 475 2,174 282 1,918
Trade and other receivables 20 13,335 11,329 12,728 10,870
Current tax receivable 88 243 83 225
Other investments 17 6,750 3,393 6,397 3,203
Cash and cash equivalents 21 4,695 3,459 1,002 823
Total current assets 25,343 20,598 20,492 17,039
Total assets 122,604 108,047 99,017 83,090
Equity
Stated capital 29 18,049 18,049 18,049 18,049
Insurance reserve 27 560 500 560 500
Retained earnings 45,291 41,240 39,968 38,554
Equity attributable to equity holders of the company 63,900 59,789 58,577 57,103
Non-controlling interest
Total equity 63,900 59,789 58,577 57,103
Liabilities
Non-current liabilities
Grants 28 22 28 22 28
Borrowings 22 17,986 12,378 11,700 2,662
Deferred income 24 2,578 2,825 2,512 2,747
Deferred tax liabilities 23 2,805 1,750 2,801 1,746
Employee benefits 26 3,875 3,003 3,512 2,725
Trade and other payables 25 2,407 1,748 250 270
Total non-current liabilities 29,673 21,732 20,797 10,178
Current liabilities
Borrowings 22 9,136 8,312 4,359 3,268
Deferred income 24 2,398 2,683 706 745
Current tax liabilities 442 359
Trade and other payables 25 17,055 15,172 14,578 11,796
Total current liabilities 29,031 26,526 19,643 15,809
Total liabilities 58,704 48,258 40,440 25,987
Total equity and liabilities 122,604 108,047 99,017 83,090

The Notes form an integral part of these financial statements.

I certify that these financial statements have been prepared in compliance with the requirements of the Companies Act No. 07 of 2007.

Udeni K. Samararatne
Chief Financial Officer

The Board of Directors is responsible for the preparation and presentation of these financial statements. These financial statements were approved by the Board of Directors on 27 February 2015.

Signed for and behalf of the Board

P. G. Kumarasinghe Sirisena
Chairman

 

G. D. Chandra Ekanayake
Director