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Financial Reports

Statement of Financial Position

(All amounts in Sri Lanka rupees million)

Group Company
As at 31 December Notes 2017 2016 2017 2016
Assets
Non-current assets
Property, plant and equipment 13 117,035 108,649 91,453 81,524
Intangible assets and goodwill 14 7,861 3,713 1,067 879
Investments in associates 15 28 28
Investments in subsidiaries 16 14,206 14,220
Deferred tax assets 23 84 51
Other receivables 18 3,150 3,033 3,127 3,021
Total non-current assets 128,158 115,446 109,881 99,644
Current assets
Inventories 19 3,161 1,585 2,228 1,146
Trade and other receivables 20 20,731 18,287 17,854 16,162
Current tax receivable 1,035 146 1,035 146
Other investments 17 1,844 764 1,780 705
Cash and cash equivalents 21 4,277 6,682 796 314
Total current assets 31,048 27,464 23,693 18,473
Total assets 159,206 142,910 133,574 118,117
Equity
Stated capital 29 18,049 18,049 18,049 18,049
Insurance reserve 27 691 680 691 680
Retained earnings 52,569 49,858 40,480 40,271
Equity attributable to equity holders of the Company 71,309 68,587 59,220 59,000
Non-controlling interest 95 91
Total equity 71,404 68,678 59,220 59,000
Liabilities
Non-current liabilities
Grants 28 3 9 3 9
Borrowings 22 14,920 14,859 14,492 13,809
Deferred income 24 2,239 2,340 2,208 2,297
Deferred tax liabilities 23 5,956 4,517 5,945 4,507
Employee benefits 26 4,355 4,538 3,719 3,984
Trade and other payables 25 2,444 2,743 532 252
Total non-current liabilities 29,917 29,006 26,899 24,858
Current liabilities
Borrowings 22 26,891 18,081 24,486 14,726
Deferred income 24 2,143 1,435 468 576
Current tax liabilities 401 413
Trade and other payables 25 28,450 25,297 22,501 18,957
Total current liabilities 57,885 45,226 47,455 34,259
Total liabilities 87,802 74,232 74,354 59,117
Total equity and liabilities 159,206 142,910 133,574 118,117

The Notes on pages 131 to 180 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 Financial Statements. These Financial Statements were approved by the Board of Directors on 29 March 2018.

Signed for and behalf of the Board,

   

P G Kumarasinghe Sirisena

Chairman

A R Desapriya

Director

29 March 2018