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(a)
Four current accounts are maintained with the Bank
for which the total cash book balance as at 31 December
1999 amounted Rs. 56 million.
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(b)
Two loans of Rs. 300 million each obtained in 1998
and 1999 respectively have been fully settled during
the year, for which interest
amounting to Rs. 7.8 million and Rs. 9.7 million respectively
have been paid during the year. |
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Mobitel
(Private) Limited |
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(c
) Payments amounting to Rs. 4.5 million have been
made during the year on call charges relating to celluar
phones purchased for SLTL
employees. |
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Delmage
Forsyth Limited |
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(d)
Payments amounting to Rs. 1 million have been made
during the year for the purchase of paints and painting
equipment. |
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Sri
Lanka Telecom (Services) Limited |
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(e)
Management fees payable as at 31 December 1999 amounted
to Rs. 23.1 million which is stated after absorbing
Rs. 3.5 million into work
in progress. |
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(ii)
Mr. D. Amarasinghe who is a Director of the Company
is also a Director of Commercial Bank of Ceylon Limited,
Property Development Limited
and the Chairman of Sir Lanka Insurance Corporation
Limited with which the following transactions took
place during the year:
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Commercial
Bank of Ceylon Limited |
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(a)
Three current accounts are maintained with the Bank
for which the total cash book balance as at 31 December
1999 amounted to Rs. 4.6 million. |
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(b)
Short-term loans of Rs. 500 million and Rs. 350 million
were obtained during the year for which interest paid
during the year amounted to
Rs. 44 million and Rs. 27 million, respectively. |
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