Sri Lanka Telecom PLC
Annual Report
2020
Financial reports
Statement of changes in equity – group
(All amounts in Sri Lanka rupees million)
| Attributable to owners of the Company | ||||||||
| Notes |
Stated capital |
Insurance reserve |
Hedging reserve |
Retained earnings |
Total equity |
Non- controlling interest |
Total equity |
|
| Balance as at 1 January 2019 | 18,049 | 791 | (672) | 55,456 | 73,624 | 96 | 73,720 | |
| Non-controlling interest | – | – | – | – | – | 2 | 2 | |
| Total comprehensive income for the year | ||||||||
| Net profit for the year 2019 | – | – | – | 6,322 | 6,322 | – | 6,322 | |
| Other comprehensive income | ||||||||
| Net movement on cash flow hedges | – | – | 201 | – | 201 | – | 201 | |
| Defined benefit plan actuarial loss, net of tax | – | – | – | (165) | (165) | – | (165) | |
|
Total other comprehensive income |
– | – | 201 | (165) | 36 | – | 36 | |
|
Total comprehensive income for the year |
– | – | 201 | 6,157 | 6,358 | – | 6,358 | |
| Transactions with owners, recorded directly in equity contribution by and distribution to owners | ||||||||
| Dividends to equity shareholders | – | – | – | (1,913) | (1,913) | – | (1,913) | |
| Insurance reserve | ||||||||
| Transfer to insurance reserve | 27 | – | 126 | – | (126) | – | – | – |
|
Balance as at 31 December 2019 |
18,049 | 917 | (471) | 59,574 | 78,069 | 98 | 78,167 | |
| Attributable to owners of the Company | ||||||||
| Notes | Stated capital | Insurance reserve | Hedging reserve | Retained earnings | Total equity | Non- controlling interest | Total equity | |
| Balance as at 1 January 2020 | 18,049 | 917 | (471) | 59,574 | 78,069 | 98 | 78,167 | |
| Non-controlling interest | – | – | – | – | – | 4 | 4 | |
| Total comprehensive income for the year | ||||||||
| Net profit for the year 2020 | – | – | – | 7,881 | 7,881 | – | 7,881 | |
| Other comprehensive income | ||||||||
| Net movement on cash flow hedges | – | – | 501 | – | 501 | – | 501 | |
| Defined benefit plan actuarial loss, net of tax | – | – | – | (359) | (359) | – | (359) | |
|
Total other comprehensive income |
– | – | 501 | (359) | 142 | – | 142 | |
|
Total comprehensive income for the year |
– | – | 501 | 7,522 | 8,023 | 4 | 8,027 | |
| Transactions with owners, recorded directly in equity contribution by and distribution to owners | ||||||||
| Dividends to equity shareholders | – | – | – | (1,913) | (1,913) | – | (1,913) | |
| Insurance reserve | ||||||||
| Transfer to insurance reserve | 27 | – | 127 | – | (127) | – | – | – |
|
Balance as at 31 December 2020 |
18,049 | 1,044 | 30 | 65,056 | 84,179 | 102 | 84,281 | |
The Notes on pages 150 to 212 form an integral part of these Financial Statements.