GROUP | COMPANY | ||||
As at 31 March | Note | 2019 Rs. |
2018 Rs. |
2019 Rs. |
2018 Rs. |
Assets | |||||
Property, plant and equipment | 19 | 5,800,454,817 | 5,484,349,584 | 16,333,639 | 3,290,687 |
Intangible assets | 20 | 192,415,059 | 153,596,702 | 27,247 | 780,372 |
Leasehold land | 21 | 183,963,000 | 190,997,000 | – | – |
Biological assets | 22 | 4,694,037,000 | 4,408,582,000 | – | – |
Investment property | 23 | 327,205,000 | 327,205,000 | – | – |
Investments in subsidiaries | 24 | – | – | 3,313,401,971 | 3,017,900,921 |
Equity accounted investee | 25 | 2,798,296 | 7,959,615 | 9,000,000 | 9,000,000 |
Other investments, including derivatives | 26 | 976,129,267 | 941,991,456 | 647,625,267 | 642,633,456 |
Deferred tax assets | 27 | 57,495,834 | 73,620,009 | 17,997,095 | – |
Non-current assets | 12,234,498,273 | 11,588,301,366 | 4,004,385,219 | 3,673,605,436 | |
Inventories | 28 | 3,906,410,206 | 3,970,538,867 | – | – |
Biological assets | 22 | 45,883,000 | 49,034,000 | – | – |
Other investments, including derivatives | 26 | 203,742,135 | – | 203,742,135 | – |
Current tax assets | 29 | 9,893,358 | 9,366,776 | 3,158,748 | 3,158,748 |
Trade and other receivables | 30 | 3,788,362,024 | 3,233,987,996 | 102,434,027 | 59,406,435 |
Amounts due from related parties | 31 | 27,998,528 | 14,950,556 | 225,727,276 | 170,891,161 |
Cash and cash equivalents | 32 | 1,843,593,506 | 1,374,218,432 | 1,042,331,375 | 526,335,611 |
9,825,882,756 | 8,652,096,626 | 1,577,393,561 | 759,791,955 | ||
Assets held for sale | 33 | – | 53,813,315 | – | – |
Current assets | 9,825,882,756 | 8,705,909,941 | 1,577,393,561 | 759,791,955 | |
Total assets | 22,060,381,028 | 20,294,211,307 | 5,581,778,780 | 4,433,397,391 | |
Equity | |||||
Stated capital | 34 | 1,641,715,247 | 798,504,357 | 1,641,715,247 | 798,504,357 |
Reserves | 34 | 386,181,166 | 390,893,755 | 380,153,740 | 364,012,083 |
Retained earnings | 5,488,287,476 | 5,185,526,424 | 1,781,111,290 | 1,767,356,201 | |
Equity attributable to owners of the Company | 7,516,183,889 | 6,374,924,536 | 3,802,980,277 | 2,929,872,641 | |
Non-controling interests | 34 | 3,476,651,011 | 3,427,198,621 | – | – |
Total equity | 10,992,834,900 | 9,802,123,157 | 3,802,980,277 | 2,929,872,641 | |
Liabilities | |||||
Loans and borrowings | 35 | 3,299,921,582 | 3,572,013,986 | 1,235,793,320 | 1,143,330,000 |
Employee benefits | 36 | 1,499,417,004 | 1,062,640,865 | 87,068,694 | 78,399,096 |
Deferred income and capital grants | 37 | 320,693,000 | 377,516,000 | – | – |
Deferred tax liabilities | 27 | 512,234,939 | 450,505,341 | – | – |
Non-current liabilities | 5,632,266,525 | 5,462,676,192 | 1,322,862,014 | 1,221,729,096 | |
Bank overdraft | 32 | 826,769,498 | 927,663,776 | – | – |
Current tax liabilities | 29 | 227,763,976 | 168,509,469 | – | – |
Loans and borrowings | 35 | 1,113,040,848 | 808,963,648 | 429,114,709 | 256,670,000 |
Trade and other payables | 38 | 3,242,514,434 | 3,120,599,883 | 26,821,780 | 25,125,655 |
Amounts due to related parties | 39 | 25,190,848 | 3,675,182 | – | – |
Current liabilities | 5,435,279,604 | 5,029,411,958 | 455,936,489 | 281,795,655 | |
Total liabilities | 11,067,546,129 | 10,492,088,150 | 1,778,798,503 | 1,503,524,751 | |
Total equity and liabilities | 22,060,381,028 | 20,294,211,307 | 5,581,778,780 | 4,433,397,391 |
Net assets per share | 50.26 | 46.71 | 25.43 | 21.47 |
Figures in brackets indicate deductions.
The Group has initially adopted SLFRS 15 and SLFRS 9 from 1 April 2018. Under the transition methods chosen, comparative information have not been restated.
The Notes appearing on this Annual Report form an integral part of these Consolidated Financial Statements.
It is certified that the Financial Statements have been prepared in compliance with the requirements of the Companies Act No. 07 of 2007.
Aruna Deepthikumara
Group Chief Financial Officer
The Board of Directors is responsible for the preparation and presentation of these Financial Statements.
Approved and signed for and on behalf of the Board,
Munir Shaikh Chairman |
V Govindasamy Group Managing Director |
30 May 2019
Colombo