26. CASH GENERATED FROM OPERATIONS   Close Window  
 
(All amounts in Sri Lanka Rupees millions)
Reconciliation of profit before tax to cash generated from operations:
  Group Company
  2002 2003 2003 2002
Profit before tax 3,242 5,207 3,376 5,203
Adjustments for        
Depreciation (Note 9) 8,241 7,604 7,987 7,558
Amortisation of deferred costs (Note 5) 48 48 48 48
Net exchange loss on financing activities (Note 5) 609 571 609 571
Interest expense and related charges 2,254 2,758 2,193 2,746
Interest income (316) (552) (311) (551)
Connection fees less amortisation (Note 18) 82 253 82 253
Share of result before tax of associates (Note 11) 29 29
Profit on sale of property, plant & equipment (4) (3) (4) (3)
Provision for insurance reserve (Note 21) 9 9
Amortisation of goodwill (Note 10) 78 13
Retirement benefits (Note 20) 64 83 64 82
  ---------
14,307
======
---------
16,011
======
---------
14,053
======
---------
15,936
======
         
Changes in working capital        
- trade and other receivables 20 (360) 32 (391)
- inventories (120) 368 110 363
- payables (86) (53) 207 (30)
Cash generated from operations ---------
14,121
======
---------
15,966
======
---------
14,402
======
---------
15,878
======
         
 
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