| (All amounts in Sri Lanka Rupees millions) |
| Group |
|
|
|
|
|
|
|
| |
Freehold
land
and
buildings |
Ducts, cables and other
outside plant |
Telephone exchanges |
Transmission equipment |
Other fixed assets |
Contract work-in progress |
Total |
 |
Year ended
31 December 2002 |
|
|
|
|
|
|
|
| Opening net book amount |
1,642 |
32,496 |
9,536 |
8,174 |
1,189 |
6,056 |
59,093 |
| Acquisition of subsidiary |
– |
108 |
– |
1,157 |
92 |
416 |
1,773 |
| Additions |
– |
327 |
60 |
49 |
528 |
2,496 |
3,460 |
| Transfers from work-in-progress |
120 |
2,473 |
1,583 |
1,097 |
36 |
(5,309) |
– |
| Inter-Group transfers |
(2) |
(4) |
– |
– |
6 |
– |
– |
| Depreciation charge |
(30) |
(4,938) |
(1,168) |
(1,031) |
(437) |
– |
(7,604) |
| Closing net book amount |
---------
1,730
====== |
---------
30,462
====== |
---------
10,011
====== |
---------
9,446
====== |
---------
1,414
====== |
---------
3,659
====== |
--------
56,722
===== |
| |
|
|
|
|
|
|
|
| At 31 December 2002 |
|
|
|
|
|
|
|
| Cost |
1,923 |
56,581 |
16,166 |
13,153 |
3,361 |
3,256 |
94,440 |
| Acquisition of subsidiary |
|
|
|
|
|
|
|
| -Cost |
– |
135 |
– |
2,209 |
278 |
403 |
3,025 |
| -Accumulated depreciation |
– |
(30) |
– |
(1,065) |
(187) |
– |
(1,282) |
| Accumulated depreciation |
(193) |
(26,224) |
(6,155) |
(4,851) |
(2,038) |
– |
(39,461) |
| Net book amount |
---------
1,730
====== |
---------
30,462
====== |
---------
10,011
====== |
---------
9,446
====== |
---------
1,414
====== |
---------
3,659
====== |
--------
56,722
===== |
| |
|
|
|
|
|
|
|
Year ended
31 December 2003 |
|
|
|
|
|
|
|
| Opening net book amount |
1,730 |
30,462 |
10,011 |
9,446 |
1,414 |
3,659 |
56,722 |
| Additions |
– |
123 |
43 |
56 |
3,747 |
3,410 |
7,379 |
| Transfers |
– |
– |
– |
(97) |
– |
– |
(97) |
| Transfers from work-in-progress |
42 |
2,436 |
77 |
5 |
586 |
(3,146) |
– |
| Depreciation charge |
(32) |
(5,252) |
(1,211) |
(1,220) |
(526) |
– |
(8,241) |
| Closing net book amount |
---------
1,740
====== |
---------
27,769
====== |
---------
8,920
====== |
---------
8,190
====== |
---------
5,221
====== |
---------
3,923
====== |
--------
55,763
===== |
| |
|
|
|
|
|
|
|
| At 31 December 2003 |
|
|
|
|
|
|
|
| Cost |
1,965 |
59,274 |
16,286 |
15,345 |
7,972 |
3,923 |
104,765 |
| Accumulated depreciation |
(225) |
(31,505) |
(7,366) |
(7,155) |
(2,751) |
– |
(49,002) |
| Net book amount |
---------
1,740
====== |
---------
27,769
====== |
---------
8,920
====== |
---------
8,190
====== |
---------
5,221
====== |
---------
3,923
====== |
--------
55,763
===== |
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| Company |
|
|
|
|
|
|
|
| |
Freehold
land
and
buildings |
Ducts, cables and
other outside plant |
Telephone exchanges |
Transmission equipment |
Other fixed assets |
Contract work-in
progress |
Total |
|
Year ended
31 December 2002 |
|
|
|
|
|
|
|
| Opening net book amount |
1,642 |
32,496 |
9,536 |
8,174 |
1,186 |
6,056 |
59,090 |
| Additions |
– |
327 |
60 |
39 |
523 |
2,496 |
3,445 |
| Transfers from work-in-progress |
120 |
2,473 |
1,583 |
1,084 |
36 |
(5,296) |
– |
| Inter-Group transfers |
(2) |
(4) |
– |
– |
6 |
– |
– |
| Depreciation charge |
(30) |
(4,935) |
(1,168) |
(995) |
(430) |
– |
(7,558) |
| Closing net book amount |
---------
1,730
====== |
---------
30,357
====== |
---------
10,011
====== |
---------
8,302
====== |
---------
1,321
====== |
---------
3,256
====== |
--------
54,977
===== |
| |
|
|
|
|
|
|
|
| At 31 December 2002 |
|
|
|
|
|
|
|
| Cost |
1,923 |
56,581 |
16,166 |
13,153 |
3,344 |
3,256 |
94,423 |
| Accumulated depreciation |
(193) |
(26,224) |
(6,155) |
(4,851) |
(2,023) |
– |
(39,446) |
| Net book amount |
---------
1,730
====== |
---------
30,357
====== |
---------
10,011
====== |
---------
8,302
====== |
---------
1,321
====== |
---------
3,256
====== |
--------
54,977
===== |
| |
|
|
|
|
|
|
|
Year ended
31 December 2003 |
|
|
|
|
|
|
|
| Opening net book amount |
1,730 |
30,357 |
10,011 |
8,302 |
1,321 |
3,256 |
56,977 |
| Additions |
– |
108 |
43 |
40 |
761 |
3,301 |
4,253 |
| Transfers from work-in-progress |
42 |
2,436 |
77 |
5 |
100 |
(2,660) |
– |
| Depreciation charge |
(32) |
(5,237) |
(1,211) |
(1,017) |
(490) |
– |
(7,987) |
| Closing net book amount |
---------
1,740
====== |
---------
27,664
====== |
---------
8,920
====== |
---------
7,330
====== |
---------
1,692
====== |
---------
3,897
====== |
--------
51,243
===== |
| |
|
|
|
|
|
|
|
| At 31 December 2003 |
|
|
|
|
|
|
|
| Cost |
1,965 |
59,124 |
16,285 |
15,198 |
4,199 |
3,897 |
98,668 |
| Accumulated depreciation |
(225) |
(31,460) |
(7,365) |
(5,868) |
(2,507) |
– |
(47,425) |
| Net book amount |
---------
1,740
====== |
---------
27,664
====== |
---------
8,920
====== |
---------
7,330
====== |
---------
1,692
====== |
---------
3,897
====== |
--------
51,243
===== |
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
|
| (a) |
On 1 September 1991 the Department of Telecommunications (DOT)
transferred its entire telecommunications business and related
assets and liabilities to SLT. A valuation was performed by
the Government of the assets and liabilities transferred to
SLT. The net amount of those assets and liabilities represents
SLT's Contributed Capital on incorporation, and those values
were used as the opening cost of fixed assets at 1 September
1991 in the first statutory accounts of SLT.
Further, SLT was converted into a public limited company, Sri
Lanka Telecom Limited (SLTL), on
25 September 1996 and on that date all of the business and the
related assets and liabilities of SLT were transferred to SLTL
as part of the privatisation process.
|
| (b) |
Assets are depreciated as follows: |
| |
|
| |
|
| Asset category |
Depreciation
method |
Useful
life |
|
| Freehold land |
– |
– |
| Freehold buildings |
Straight line |
50 years |
| Ducts and other outside plant |
Straight line |
10 to 20 years |
| Undersea cables (ducts, cables
and other outside plant) |
Straight line |
10 years |
| Telephone exchanges and transmission
equipment |
Straight line |
12.5 years |
| Motor vehicles |
Straight line |
5 years |
| Other fixed assets |
Straight line |
4 to 10 years |
|
| |
|
| (c) |
The cost of fully depreciated assets as at 31 December 2003
is Rs. 6,722 million (2002 - Rs. 4,488 million).
|
| (d) |
Condemned motor vehicles, the cost of which amounted to Rs.
6 million, were disposed of during the year for Rs. 4 million.
|
| (e) |
Borrowing costs capitalised during the year to 31 December
2003 was Rs. 96 million (2002 - Rs. 338 million).
|
| (f) |
No assets have been mortgaged or pledged as security by SLTL.
|
| (g) |
The Directors believe SLTL has freehold title to land and
buildings transferred from SLT on incorporation (conversion
of SLT to SLTL on 25 September 1996), although it is uncertain
whether vesting orders specifying all the demarcations and extents
of such land and buildings were issued.
|
| (h) |
The property, plant & equipment is not insured except
for third party motor vehicle insurance. An insurance reserve
has been created together with a sinking fund investment to
meet any future loss with regard to uninsured property, plant
& equipment. At the Balance Sheet date, Rs. 95 million stood
to the credit of the reserve and is included under provisions
(Note 21). The sinking fund investment
of that amount is included under cash & cash equivalents
[Note 15 (a)]. |
| |
|
|
|