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Financial Reports
Statement of Financial Position

(All amounts in Sri Lanka rupees million)

Group Company
As at 31 December Notes 2016 2015 2016 2015
Assets
Non-current assets
Property, plant & equipment 13 108,649 99,283 81,524 70,081
Intangible assets and goodwill 14 3,713 2,891 879 1,084
Financial prepayments 15 – – – –
Investments in subsidiaries 16 – – 14,220 14,220
Deferred tax assets 23 51 37 – –
Other receivables 18 3,033 2,908 3,021 2,908
Total non-current assets 115,446 105,119 99,644 88,293
Current assets
Inventories 19 1,585 874 1,146 561
Trade and other receivables 20 18,287 14,033 16,162 13,091
Current tax receivable 146 1 146 –
Other investments 17 764 1,043 705 641
Cash and cash equivalents 21 6,682 5,475 314 475
Total current assets 27,464 21,426 18,473 14,768
Total assets 142,910 126,545 118,117 103,061
Equity
Stated capital 29 18,049 18,049 18,049 18,049
Insurance reserve 27 680 605 680 605
Retained earnings 49,858 46,586 40,271 40,048
Equity attributable to equity holders of the company 68,587 65,240 59,000 58,702
Non-controlling interest 91 – – –
class="lnBlkTn" 68,678 65,240 59,000 58,702
Liabilities
Non-current liabilities
Grants 28 9 16 9 16
Borrowings 22 14,859 14,949 13,809 12,025
Deferred income 24 2,340 2,370 2,297 2,315
Deferred tax liabilities 23 4,517 3,600 4,507 3,594
Employee benefits 26 4,538 4,353 3,984 3,892
Trade and other payables 25 2,743 2,935 252 252
Total non-current liabilities 29,006 28,223 24,858 22,094
Current liabilities
Borrowings 22 18,081 9,446 14,726 4,147
Deferred income 24 1,435 2,027 576 661
Current tax liabilities 413 447 – 15
Trade and other payables 25 25,297 21,162 18,957 17,442
Total current liabilities 45,226 33,082 34,259 22,265
Total liabilities 74,232 61,305 59,117 44,359
Total equity and liabilities 142,910 126,545 118,117 103,061

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 17 April 2017.

Signed for and behalf of the Board,


P G Kumarasinghe Sirisena
Chairman


Chandra Ekanayake
Director

17 April 2017

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