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Financial Reports

Statement of Financial Position

(All amounts in Sri Lanka rupees million)

    Group Company
As at 31 December Notes 2015 2014 2015 2014
Assets          
Non-current assets          
Property, plant & equipment 13 99,283 90,935 70,081 60,221
Intangible assets and goodwill 14 2,891 3,412 1,084 1,326
Financial prepayments 15 – 79 – –
Investments in subsidiaries 16 – – 14,220 14,189
Deferred tax assets 23 37 46 – –
Other receivables 18 2,908 2,789 2,908 2,789
Total non-current assets   105,119 97,261 88,293 78,525
Current assets          
Inventories 19 874 475 561 282
Trade and other receivables 20 14,033 13,335 13,091 12,728
Current tax receivable   1 88 – 83
Other investments 17 1,043 6,750 641 6,397
Cash and cash equivalents 21 5,475 4,695 475 1,002
Total current assets   21,426 25,343 14,768 20,492
Total assets   126,545 122,604 103,061 99,017
Equity          
Capital and reserves          
Stated capital 29 18,049 18,049 18,049 18,049
Insurance reserve 27 605 560 605 560
Retained earnings   46,586 45,291 40,048 39,968
Equity attributable to equity holders of the company   65,240 63,900 58,702 58,577
Non-controlling interest   – – – –
Total equity   65,240 63,900 58,702 58,577
Liabilities          
Non-current liabilities          
Grants 28 16 22 16 22
Borrowings 22 14,949 17,986 12,025 11,700
Deferred income 24 2,370 2,578 2,315 2,512
Deferred tax liabilities 23 3,600 2,805 3,594 2,801
Employee benefits 26 4,353 3,875 3,892 3,512
Trade and other payables 25 2,935 2,407 252 250
Total non-current liabilities   28,223 29,673 22,094 20,797
Current liabilities          
Borrowings 22 9,446 9,136 4,147 4,359
Deferred income 24 2,027 2,398 661 706
Current tax liabilities   447 442 15 –
Trade and other payables 25 21,162 17,055 17,442 14,578
Total current liabilities   33,082 29,031 22,265 19,643
Total liabilities   61,305 58,704 44,359 40,440
Total equity and liabilities   126,545 122,604 103,061 99,017

The Notes form an integral part of these Financial Statements.

I certify that these Financial Statements have been prepared in compliance with the requirements of the Companies Act No. 07 of 2007.


Udeni K. Samararatne
Chief Financial Officer

The Board of Directors is responsible for the preparation and presentation of these Financial Statements. These Financial Statements were approved by the Board of Directors on 29 March 2016.

Signed for and behalf of the Board,


P G Kumarasinghe Sirisena
Chairman


Chandra Ekanayake
Director

29 March 2016