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Balance sheet
 
Group Company
As at 31st March
In Rs.'000s		 Note 2008 2007 2008 2007

ASSETS
Non-current assets
Property, plant and equipment 2 29,172,301 20,403,696 289,430 380,139
Leasehold property 3 4,638,234 4,761,503 - -
Investment property 4 2,288,442 2,505,321 832,158 800,000
Intangible assets 5 341,253 338,761 - -
Investments in subsidiaries and joint ventures 6 5,115 5,115 17,452,415 14,445,881
Investments in associates 6 9,886,520 8,515,037 6,204,776 5,995,133
Other investments 6 125,224 148,257 94,957 106,917
Deferred tax asset 7 91,074 74,013 - -
Other non-current assets 8 1,805,938 1,435,438 65,687 99,896
48,354,101 38,187,141 24,939,423 21,827,966
Current assets
Inventories 9 3,985,025 3,400,576 825 847
Investments held for sale 6 37,331 - 15,860 -
Trade and other receivables 10 6,753,452 6,592,062 263,336 146,612
Amounts due from related parties 34 17,485 1,588 227,481 824,014
Short term investments 11 10,455,366 16,138,609 6,984,736 12,301,694
Cash in hand and at bank 2,191,251 1,626,473 242,702 25,348
23,439,910 27,759,308 7,734,940 13,298,515

Total assets

 71,794,011 65,946,449 32,674,363 35,126,481
 

EQUITY AND LIABILITIES
Equity attributable to equity holders of the parent
Stated capital 12 22,464,267 22,245,894 22,464,267 22,245,894
Capital reserves 13 6,065,251 3,137,392 - -
Revenue reserves 14 15,688,302 13,851,913 6,342,817 5,716,029
44,217,820 39,235,199 28,807,084 27,961,923
Minority interest 4,774,044 3,700,313 - -
         
Total equity 48,991,864 42,935,512 28,807,084 27,961,923
Non-current liabilities
Non-interest bearing borrowings 15 21,000 30,000 - -
Interest bearing borrowings 16 7,809,452 6,451,133 2,595,493 2,895,493
Deferred tax liabilities 17 755,366 591,867 - -
Employee benefit liabilities 18 798,600 718,315 80,330 86,316
Other deferred liabilities 19 7,110 3,762 - -
Other non-current liabilities 352,051 334,249 - -
9,743,579 8,129,326 2,675,823 2,981,809
Current liabilities
Trade and other payables 20 7,869,039 5,795,041 313,634 344,826
Amounts due to related parties 34 24,953 16,935 9,996 128,218
Income tax liabilities 21 328,104 188,250 - 4,766
Short term borrowings 22 375,000 2,688,311 - 500,000
Current portion of interest bearing borrowings 16 1,059,752 1,374,413 300,000 700,000
Bank overdrafts 3,401,720 4,818,661 567,826 2,504,939
13,058,568 14,881,611 1,191,456 4,182,749
Total equity and liabilities 71,794,011 65,946,449 32,674,363 35,126,481
         
I certify that the financial statements comply with the requirements of the Companies Act No. 7 of 2007.


M.J.S. Rajakariar
Group Financial Controller

The Board of Directors is responsible for the preparation and presentation of these financial statements.


S.C. Ratnayake
Chairman
J.R.F. Peiris
Group Finance Director
 

The accounting policies and notes ­ form an integral part of these financial statements.
22 May 2008
 
 
     
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