 |
| |
Group
(a)
| (All amounts in Sri Lanka Rupees millions) |
|
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 2003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Opening net book amount |
|
1,730 |
|
30,462 |
|
10,011 |
|
9,446 |
|
1,410 |
|
3,663 |
|
56,722 |
| Additions |
|
– |
|
123 |
|
43 |
|
56 |
|
766 |
|
6,391 |
|
7,379 |
| Transfers |
|
– |
|
– |
|
– |
|
(97) |
|
– |
|
– |
|
(97) |
| Transfers from work-in-progress |
|
42 |
|
2,436 |
|
77 |
|
5 |
|
139 |
|
(2,699) |
|
– |
| Depreciation charge |
|
(32) |
|
(5,252) |
|
(1,211) |
|
(1,220) |
|
(526) |
|
– |
|
(8,241) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Closing net book amount |
|
1,740 |
|
27,769 |
|
8,920 |
|
8,190 |
|
1,789 |
|
7,355 |
|
55,763 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| At 31 December 2003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cost |
|
1,965 |
|
59,274 |
|
16,285 |
|
15,345 |
|
4,540 |
|
7,355 |
|
104,764 |
| Accumulated depreciation |
|
(225) |
|
(31,505) |
|
(7,365) |
|
(7,155) |
|
(2,751) |
|
– |
|
(49,001) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net book amount |
|
1,740 |
|
27,769 |
|
8,920 |
|
8,190 |
|
1,789 |
|
7,355 |
|
55,763 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Year ended 31 December 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Opening net book amount |
|
1,740 |
|
27,769 |
|
8,920 |
|
8,190 |
|
1,789 |
|
7,355 |
|
55,763 |
| Additions |
|
– |
|
47 |
|
126 |
|
884 |
|
1,060 |
|
5,511 |
|
7,628 |
| Transfers from work-in-progress |
|
99 |
|
2,226 |
|
434 |
|
4,229 |
|
1,360 |
|
(8,348) |
|
– |
| Adjustments |
|
– |
|
– |
|
– |
|
(46) |
|
– |
|
(59) |
|
(105) |
| Accumulated depriciation |
|
– |
|
– |
|
– |
|
1 6 |
|
– |
|
– |
|
16 |
| Disposals |
|
– |
|
– |
|
– |
|
– |
|
(8) |
|
– |
|
(8) |
| Accumulated depriciation |
|
– |
|
– |
|
– |
|
– |
|
8 |
|
– |
|
8 |
| Depreciation charge |
|
(38) |
|
(5,126) |
|
(1,227) |
|
(1,798) |
|
(763) |
|
– |
|
(8,952) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Closing net book amount |
1,801 |
|
24,916 |
|
8,253 |
|
11,475 |
|
3,446 |
|
4,459 |
|
54,350 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| At 31 December 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cost |
|
2,064 |
|
61,547 |
|
16,845 |
|
20,412 |
|
6,952 |
|
4,459 |
|
112,279 |
| Accumulated depreciation |
|
(263) |
|
(36,631) |
|
(8,592) |
|
(8,937) |
|
(3,506) |
|
– |
|
(57,929) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net book amount |
|
1,801 |
|
24,916 |
|
8,253 |
|
11,475 |
|
3,446 |
|
4,459 |
|
54,350 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
(b) Depreciation of TDMA network spares stock Rs. 84 million (2003
- Nil)
Company
| (All amounts in Sri Lanka Rupees millions) |
|
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 2003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Opening net book amount |
|
1,730 |
|
30,357 |
|
10,011 |
|
8,302 |
|
1,321 |
|
3,256 |
|
54,977 |
| 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 |
|
1,789 |
|
3,897 |
|
51,243 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| At 31 December 2003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cost |
|
1,965 |
|
59,124 |
|
16,285 |
|
13,198 |
|
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 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Year ended 31 December 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Opening net book amount |
|
1,740 |
|
27,664 |
|
8,920 |
|
7,330 |
|
1,692 |
|
3,897 |
|
51,243 |
| Additions |
|
– |
|
47 |
|
126 |
|
10 |
|
1,014 |
|
3,874 |
|
5,071 |
| Transfers from work-in-progress |
|
9 9 |
|
2,226 |
|
434 |
|
247 |
|
1,246 |
|
(4,252) |
|
– |
| Disposals |
|
– |
|
– |
|
– |
|
– |
|
(7) |
|
– |
|
(7) |
| Accumulated depriciation |
|
– |
|
– |
|
– |
|
– |
|
7 |
|
– |
|
7 |
| Depreciation charge |
|
(38) |
|
(5,111) |
|
(1,227) |
|
(1,032) |
|
(706) |
|
– |
|
(8,114) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Closing net book amount |
1,801 |
|
24,826 |
|
8,253 |
|
6,555 |
|
3,246 |
|
3,519 |
|
48,200 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| At 31 December 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cost |
|
2,064 |
|
61,397 |
|
16,845 |
|
13,455 |
|
6,452 |
|
3,519 |
|
103,732 |
| Accumulated depreciation |
|
(263) |
|
(36,571) |
|
(8,592) |
|
(6,900) |
|
(3,206) |
|
– |
|
(55,532) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net book amount |
|
1,801 |
|
24,826 |
|
8,253 |
|
6,555 |
|
3,246 |
|
3,519 |
|
48,200 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| (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) |
The cost of fully depreciated assets as at 31 December 2004
is Rs. 10,143 million (2003 - Rs. 6,722 million). |
| |
|
| (c) |
Borrowing costs capitalised during the year to 31 December
2004 was Rs. 13 million (2003 - Rs. 96 million). |
| |
|
| (d) |
No assets have been mortgaged or pledged as security by SLTL. |
| |
|
| (e) |
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. |
| |
|
| (f) |
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. 100 million
stood to the credit of the reserve
(Note 21).The sinking fund investment of that amount is included
under cash and cash equivalents [Note 15 (a)]. |
| |
|
| |
|
|
|
| |
|
|
|
