Sri Lanka Telecom PLC
Annual Report
2020
Financial reports
Statement of changes in equity – company
(All amounts in Sri Lanka rupees million)
| Attributable to owners of the Company | ||||||
| Notes |
Stated capital |
Insurance reserve |
Hedging reserve |
Retained earnings |
Total equity |
|
| Balance as at 1 January 2019 | 18,049 | 791 | (672) | 39,972 | 58,140 | |
| Total comprehensive income for the year | ||||||
| Net profit for the year 2019 | – | – | – | 3,780 | 3,780 | |
| Other comprehensive income | ||||||
| Net movement on cash flow hedges | – | – | 201 | – | 201 | |
| Defined benefit plan actuarial loss, net of tax | – | – | – | (35) | (35) | |
|
Total other comprehensive income |
– | – | 201 | (35) | 166 | |
|
Total comprehensive income for the year |
– | – | 201 | 3,745 | 3,946 | |
| Transactions with owners, recorded directly in equity | ||||||
| Contribution by and distribution to owners | ||||||
| Dividends to equity shareholders | – | – | – | (1,913) | (1,913) | |
| Insurance reserve | ||||||
| Transfer to insurance reserve | 27 | – | 126 | – | (126) | – |
|
Balance as at 31 December 2019 |
18,049 | 917 | (471) | 41,678 | 60,173 | |
| Attributable to owners of the Company | ||||||
| Notes | Stated capital | Insurance reserve | Hedging reserve | Retained earnings | Total equity | |
| Balance as at 1 January 2020 | 18,049 | 917 | (471) | 41,678 | 60,173 | |
| Total comprehensive income for the year | ||||||
| Net profit for the year 2020 | – | – | – | 4,019 | 4,019 | |
| Other comprehensive income | ||||||
| Net movement on cash flow hedges | – | – | 471 | – | 471 | |
| Defined benefit plan actuarial loss, net of tax | – | – | – | (307) | (307) | |
|
Total other comprehensive income |
– | – | 471 | (307) | 164 | |
|
Total comprehensive income for the year |
– | – | 471 | 3,712 | 4,183 | |
| Transactions with owners, recorded directly in equity | ||||||
| Contribution by and distribution to owners | ||||||
| Dividends to equity shareholders | – | – | – | (1,913) | (1,913) | |
| Insurance reserve | ||||||
| Transfer to insurance reserve | 27 | – | 127 | – | (127) | – |
|
Balance as at 31 December 2020 |
18,049 | 1,044 | – | 43,350 | 62,443 | |
The Notes on pages 150 to 212 form an integral part of these Financial Statements.