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Financial reports

Statement of Financial Position

(all amounts in Sri Lanka Rupees million)

As at 31 December   Group Company
  Notes 2018 2017 2018 2017
Assets
Non-current assets
Property, plant and equipment 14 123,850 117,035 96,047 91,453
Intangible assets and goodwill 15 7,652 7,861 1,124 1,067
Investments in subsidiaries 16 – – 14,366 14,206
Investments in associates 16 – 28 – 28
Deferred income tax assets 23 148 84 – –
Contract assets 24 (a) 438 – 113 –
Other receivables 18 2,970 3,150 2,938 3,127
Total non-current assets 135,058 128,158 114,588 109,881
Current assets
Inventories 19 2,173 3,161 1,440 2,228
Trade and other receivables 20 27,340 20,731 17,541 17,854
Current tax receivable 613 1,035 613 1,035
Contract assets 24(b) 497 – 103 –
Other investments 17 3,665 1,844 3,569 1,780
Cash and cash equivalents 21 11,089 4,277 671 796
Total current assets 45,377 31,048 23,937 23,693
Total assets 180,435 159,206 138,525 133,574
Equity
Capital and reserves
Stated capital 29 18,049 18,049 18,049 18,049
Insurance reserve 27 791 691 791 691
Hedging reserve 12 (672) – (672) –
Retained earnings 55,456 52,569 39,972 40,480
Equity attributable to equity holders of the Company 73,624 71,309 58,140 59,220
Non-controlling interest 96 95 – –
Total equity 73,720 71,404 58,140 59,220
Liabilities
Non-current liabilities
Grants 28 – 3 – 3
Borrowings 22 38,886 14,920 30,928 14,492
Deferred income 24 2,186 2,239 2,155 2,208
Contract liabilities 24 (b) 548 – 533 –
Deferred income tax liabilities 23 6,537 5,956 6,525 5,945
Employee benefits 26 4,239 4,355 3,598 3,719
Trade and other payables 25 1,941 2,444 456 532
Total non-current liabilities 54,337 29,917 44,195 26,899
Current liabilities
Borrowings 22 16,949 26,891 15,104 24,486
Deferred income 24 2,469 2,143 385 468
Contract liabilities 24 (b) 565 – 471 –
Current tax liabilities 412 401 – –
Trade and other payables 25 31,983 28,450 20,230 22,501
Total current liabilities 52,378 57,885 36,190 47,455
Total liabilities 106,715 87,802 80,385 74,354
Total equity and liabilities 180,435 159,206 138,525 133,574

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.

Sanjeewa Samaranayake
Group Chief Financial Officer

The Board of Directors is responsible for these Financial Statements. These Financial Statements were approved by the Board of Directors on 21 February 2019

Signed for and behalf of the Board,

P G Kumarasinghe Sirisena
Chairman

Nilanthi Pieris (Ms)
Director

21 February 2019