| |
| Notes
to the Financial Statements |
| |
| (a)
Employee loans are repayable in equal monthly instalments
over five years. |
| |
| (b)
Although there is no legal right of set-off, foreign
trade receivables are shown net of certain amounts
payable to overseas
telecom operators who have a net credit balance in
respect of overseas traffic. |
|
| |
|
|
|
|
|
|
| |
13.
Cash & Cash Equivalents |
Group |
Company
|
|
| |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
| |
|
1999 |
1998 |
1999 |
1998 |
|
|
|
Rs.million |
Rs.million |
Rs.million |
Rs.million |
|
| |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
| |
|
198
|
313
|
196
|
311
|
|
| |
Cash
at bank and in hand
|
535
|
479
|
535
|
479
|
|
| |
Restricted
at bank [note (a)]
|
407
|
369
|
407
|
369
|
|
| |
Short-term
deposits
|
---------------- |
---------------- |
---------------- |
---------------- |
|
| |
|
1,140
|
1,161
|
1,138
|
1,159
|
|
| |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
| |
(a)
The restricted cash balances are bank deposits in
US dollars with Citibank and Credit Agricole Indosuez
under terms specified in
the agreements for loans from these entities, and
bank deposits of Sri Lankan Rupees 62 million with
the People’s Bank which
represents the sinking fund investment for the insurance
reserve. These deposits are interest bearing on
commercial terms.
For
the purpose of the cash flow statement, the year-end
cash & cash equivalents comprise the following:
|
|
| |
|
|
|
|
|
|
| |
|
Group
|
Company
|
|
| |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
| |
|
1999 |
1998 |
1999 |
1998 |
|
| |
|
Rs.million |
Rs.million |
Rs.million |
Rs.million |
|
| |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
| |
Cash
and cash equivalents |
1,140
|
1,161
|
1,138
|
1,159
|
|
| |
Bank
overdrafts (note 14)
|
(254)
|
(550)
|
(254)
|
(550)
|
|
| |
Restricted
at bank
|
(535)
|
(479)
|
(535)
|
(479)
|
|
| |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
| |
|
351
|
132
|
349
|
130
|
|
| |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
| |
14.
Borrowings
|
|
|
|
|
|
| |
|
|
|
Group/Company
|
|
| |
|
|
|
------------------------
|
------------------------
|
|
| |
|
|
|
1999 |
1998 |
|
| |
|
|
|
Rs.million |
Rs.million |
|
| |
Current
|
|
|
------------------------
|
------------------------
|
|
| |
Bank
overdrafts
|
|
|
254
|
550
|
|
| |
Government
borrowings
|
|
|
1,532
|
1,262
|
|
| |
Bank borrowings
|
|
|
3,699
|
1,898
|
|
| |
|
|
|
------------------------
|
------------------------
|
|
| |
|
|
|
5,485 |
3,710 |
|
| |
Non-current
|
|
|
|
|
|
| |
Government
borrowings |
|
|
9,114 |
7,421 |
|
| |
Bank
borrowings |
|
|
16,517 |
11,139 |
|
| |
|
|
|
------------------------
|
------------------------
|
|
| |
|
|
|
25,631 |
18,560 |
|
| |
|
|
|
------------------------
|
------------------------
|
|
| |
Total
borrowings |
|
|
31,116 |
22,270 |
|
| |
|
|
|
------------------------
|
------------------------
|
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
On-Line
Annual Report by Smart Media Productions
|
|
