Financial Statements
Statement of Financial Position
| As at 31 July 2023 | Note | 2023
LKR |
2022 LKR |
| ASSETS | |||
| Non-current assets | |||
| Property, plant and equipment | 3.3 | 2,647,063,010 | 2,396,233,546 |
| Assets under construction | 3.4 | 24,567,938 | 17,178,567 |
| Leasehold rights | 4 | 37,461,535 | 38,096,476 |
| 2,709,092,483 | 2,451,508,589 | ||
| Current assets | |||
| Receivables and prepayments | 6 | 228,874,284 | 517,930,725 |
| Income tax receivable | 17.4 | 2,414,192 | – |
| Short-term investment | 7 | 1,396,729,157 | 872,753,383 |
| Cash and cash equivalents | 8 | 299,958,171 | 1,170,184,913 |
| 1,927,975,804 | 2,560,869,021 | ||
| Total assets | 4,637,068,287 | 5,012,377,610 | |
| RESERVES AND LIABILITIES | |||
| Capital and reserves | |||
| Revaluation reserve | 1,967,641,700 | 1,907,483,961 | |
| Accumulated reserve | 1,708,593,813 | 2,245,200,897 | |
| Total reserves | 3,676,235,513 | 4,152,684,858 | |
| Non-current liabilities | |||
| Post employment benefit plan | 9 | 229,344,733 | 162,072,151 |
| Project funds | 10 | 18,285,693 | 20,776,230 |
| Deferred tax liabilities | 17.2 | 276,467,240 | 411,427,993 |
| 524,097,666 | 594,276,374 | ||
| Current liabilities | |||
| Payables and accruals | 11 | 346,051,749 | 211,146,637 |
| Income tax payable | 17.4 | – | 2,914,461 |
| Bank overdraft | 8 | 90,683,359 | 51,355,280 |
| 436,735,108 | 265,416,378 | ||
| Total reserves and liabilities | 4,637,068,287 | 5,012,377,610 |
These Financial Statements are in compliance with the requirements of the Companies Act No. 07 of 2007.
Head of Administrative Operations
The Board of Directors is responsible for these Financial Statements. Signed for and on behalf of the Board by;
Director
Director
The Accounting Policies and Notes 1 to 20 form an integral part of the Financial Statements.
27 October 2023 Colombo