Group | Company | ||||
As at 31 March | Note | 2020 Rs. |
2019 Rs. |
2020 Rs. |
2019 Rs. |
Assets | |||||
Property, plant and equipment | 19 | 4,719,959,469 | 5,800,454,817 | 45,352,383 | 16,333,639 |
Intangible assets | 20 | 165,942,721 | 192,415,059 | 4,685 | 27,247 |
Leasehold land | 21 | 241,439,000 | 183,963,000 | – | – |
Biological assets | 22 | 3,449,345,000 | 4,694,037,000 | – | – |
Investment property | 23 | 709,499,144 | 327,205,000 | – | – |
Investments in subsidiaries | 24 | – | – | 3,388,401,971 | 3,313,401,971 |
Equity-accounted investee | 25 | 1,384,362 | 2,798,296 | 1,351,459 | 9,000,000 |
Other investments, including derivatives | 26 | 1,070,904,297 | 976,129,267 | 727,179,297 | 647,625,267 |
Deferred tax assets | 27 | 65,787,835 | 57,495,834 | 32,017,938 | 17,997,095 |
Non-current assets | 10,424,261,828 | 12,234,498,273 | 4,194,307,733 | 4,004,385,219 | |
Biological assets | 22 | 41,797,000 | 45,883,000 | – | – |
Inventories | 28 | 3,177,211,186 | 3,906,410,205 | – | – |
Other investments, including derivatives | 26 | 234,792,226 | 203,742,135 | 234,792,226 | 203,742,135 |
Current tax assets | 29 | 9,893,358 | 9,893,358 | 3,158,748 | 3,158,748 |
Trade and other receivables | 30 | 4,295,571,105 | 3,748,583,413 | 95,768,884 | 62,655,417 |
Amounts due from related parties | 31 | 78,704,645 | 27,998,528 | 240,777,370 | 225,727,276 |
Cash and cash equivalents | 32 | 4,572,232,065 | 1,883,372,118 | 2,238,482,618 | 1,082,109,987 |
Current assets | 12,410,201,585 | 9,825,882,757 | 2,812,979,846 | 1,577,393,563 | |
Total assets | 22,834,463,413 | 22,060,381,030 | 7,007,287,579 | 5,581,778,782 | |
Equity | |||||
Stated capital | 33 | 1,641,715,247 | 1,641,715,247 | 1,641,715,247 | 1,641,715,247 |
Reserves | 33 | 357,607,494 | 386,181,165 | 351,106,481 | 380,153,740 |
Retained earnings | 33 | 6,414,817,615 | 5,488,287,477 | 1,916,338,466 | 1,781,111,291 |
Equity attributable to owners of the company | 8,414,140,356 | 7,516,183,889 | 3,909,160,194 | 3,802,980,278 | |
Non-controlling interests | 4,035,566,113 | 3,476,651,011 | – | – | |
Total equity | 12,449,706,469 | 10,992,834,900 | 3,909,160,194 | 3,802,980,278 | |
Liabilities | |||||
Loans and borrowings | 34 | 2,311,846,644 | 3,299,921,582 | 939,000,820 | 1,235,793,320 |
Employee benefits | 35 | 559,458,926 | 1,499,417,004 | 96,712,325 | 87,068,695 |
Deferred income and capital grants | 36 | 142,550,000 | 320,693,000 | – | – |
Deferred tax liabilities | 27 | 533,907,412 | 512,234,939 | – | – |
Non-current liabilities | 3,547,762,982 | 5,632,266,525 | 1,035,713,145 | 1,322,862,015 | |
Trade and other payables | 37 | 2,450,696,950 | 3,238,148,496 | 20,989,334 | 22,455,842 |
Amounts due to related parties | 38 | 27,513,242 | 25,190,848 | 2,651,108 | – |
Current tax liabilities | 29 | 223,047,621 | 232,129,915 | – | 4,365,938 |
Loans and borrowings | 34 | 2,971,899,695 | 1,113,040,848 | 1,986,273,778 | 429,114,709 |
Bank overdraft | 32 | 1,163,836,455 | 826,769,498 | 52,500,020 | – |
Current liabilities | 6,836,993,963 | 5,435,279,605 | 2,062,414,240 | 455,936,489 | |
Total liabilities | 10,384,756,945 | 11,067,546,130 | 3,098,127,385 | 1,778,798,504 | |
Total equity and liabilities | 22,834,463,413 | 22,060,381,030 | 7,007,287,579 | 5,581,778,782 | |
Net assets per share | 56.26 | 50.26 | 26.14 | 25.43 |
Figures in brackets indicate deductions.
The Group initially applied SLFRS 16 at 1 April 2019, using the modified retrospective approach. Under this approach, comparative information is not restated. (See Notes 7 and 34).
The Notes to the Financial Statements on pages 57 to 159 are 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
27 May 2020
Colombo