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Financial reports

Statement of cash flows

(All amounts in Sri Lanka rupees million)

For the year ended 31 December Notes Group Company
    2020 2019 2020 2019
Cash flows from operating activities
Cash generated from operations 29 40,562 29,307 22,048 15,476
Interest received 1,243 1,305 830 756
Interest paid (8,109) (8,321) (5,378) (5,721)
Tax paid (706) (1,334) (239)
Gratuity paid 26 (690) (547) (468) (461)

Net cash generated from operating activities

32,300 20,410 17,032 9,811
Cash flows from investing activities
Acquisition of property, plant and equipment (12,141) (27,966) (6,355) (13,526)
Acquisition of intangible assets 15 (2,477) (1,097) (2,293) (367)
Proceeds from disposal of property, plant and equipment 93 249 85 204
(Purchase)/Proceeds of short-term investments (509) 536 (464) 477
Investments in subsidiary companies 16.1 (455)

Net cash (used) in investing activities

(15,034) (28,278) (9,027) (13,667)
Cash flows from financing activities
Proceeds from borrowings 17,911 47,475 17,500 46,350
Cash payments for the principal portion of the lease liability (1,769) (1,541) (588) (483)
Finance lease principal repayments (56) (29) (2) (2)
Repayment of borrowings (23,176) (39,035) (20,794) (37,749)
Dividends paid to the equity shareholders (1,913) (1,913) (1,913) (1,913)

Net cash (used) and generated from financing activities

(9,003) 4,957 (5,797) 6,203

Increase/(decrease) in cash and cash equivalents

8,263 (2,911) 2,208 2,347
Movement in cash and cash equivalents
Cash and cash equivalents at beginning of year 1,718 4,629 (2,620) (4,967)
Increase/(decrease) in cash and cash equivalents 8,263 (2,911) 2,208 2,347

At the end of the year

21.(a) 9,981 1,718 (412) (2,620)

The Notes on pages 150 to 212 form an integral part of these Financial Statements.

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