(All amounts in Sri Lanka rupees million)
| Attributable to owners of the Company | ||||||
| Group | Notes | Stated capital | Insurance reserve | Retained earnings | Total | Total equity |
| Balance as at 1 January 2014 | 18,049 | 500 | 41,240 | 59,789 | 59,789 | |
| Total comprehensive income for the year | ||||||
| Net profit for the year 2014 | – | – | 6,001 | 6,001 | 6,001 | |
| Other comprehensive income | ||||||
| Defined benefit plan actuarial (loss)/gain, net of tax | – | – | (356) | (356) | (356) | |
| Total other comprehensive income | – | – | (356) | (356) | (356) | |
| Total comprehensive income for the year | – | – | 5,645 | 5,645 | 5,645 | |
| Transactions with owners, recorded directly in equity | ||||||
| Contribution by and distribution to owners | ||||||
| Dividends to equity shareholders | – | – | (1,534) | (1,534) | (1,534) | |
| Insurance reserve | ||||||
| Transfer to insurance reserve | 27 | – | 60 | (60) | – | – |
| Balance as at 31 December 2014 | 18,049 | 560 | 45,291 | 63,900 | 63,900 | |
| Attributable to owners of the Company | ||||||
| Group | Notes | Stated capital | Insurance reserve | Retained earnings | Total | Total equity |
| Balance as at 1 January 2015 | 18,049 | 560 | 45,291 | 63,900 | 63,900 | |
| Super gain tax (Note) | – | – | (769) | (769) | (769) | |
| Balance as at 1 January 2015 (Restated) | 18,049 | 560 | 44,522 | 63,131 | 63,131 | |
| Total comprehensive income for the year | ||||||
| Net profit for the year 2015 | – | – | 3,724 | 3,724 | 3,724 | |
| Other comprehensive income | ||||||
| Defined benefit plan actuarial (loss)/gain, net of tax | – | – | (9) | (9) | (9) | |
| Total other comprehensive income | – | – | (9) | (9) | (9) | |
| Total comprehensive income for the year | – | – | 3,715 | 3,715 | 3,715 | |
| Transactions with owners, recorded directly in equity | ||||||
| Contribution by and distribution to owners | ||||||
| Dividends to equity shareholders | – | – | (1,606) | (1,606) | (1,606) | |
| Insurance reserve | ||||||
| Transfer to insurance reserve | 27 | – | 45 | (45) | – | – |
| Balance as at 31 December 2015 | 18,049 | 605 | 46,586 | 65,240 | 65,240 | |
The Notes form an integral part of these Financial Statements.
Note
As per the provisions of Part iii of the Finance Act, No. 10 of 2015, which was certified on 30 October 2015, the Group was liable for Super Gain Tax (SGT) of Rs. 769 million. According to the Act, SGT was deemed to be expenditure in the Financial Statements relating to the year of assessment which commenced on 1 April 2013. The Act supersedes the requirements of the Sri Lanka Accounting Standards; hence the expense of SGT is accounted in accordance with the requirements of the said Act as recommended by the Statement of Alternative Treatment (SoAT) on Accounting for Super Gain Tax issued by The Institute of Chartered Accountants of Sri Lanka, dated 24 November 2015.