Consolidated Statement of Financial Position

		Group		Company
As at 31 March	Note	2024 Rs. ’000	2023 Rs. ’000	2024 Rs. ’000	2023 Rs. ’000
Assets
Property, plant and equipment	19	6,641,907	6,735,559	8,652	25,523
Intangible assets	20	277,903	349,109	14,490	19,759
Leasehold land	21	359,851	243,876	–	–
Biological assets	22	3,658,653	3,503,610	–	–
Investment property	23	631,212	627,529	–	–
Investments in subsidiaries	24	–	–	7,747,698	7,248,733
Other investments	26	833,617	519,017	782,224	465,734
Deferred tax assets	27	420,127	320,099	31,602	121,249
Goodwill on acquisition	24.4	1,387,106	1,387,106	–	–
Non-current assets		14,210,376	13,685,904	8,584,666	7,880,998
Biological assets	22	70,867	86,126	–	–
Other investments	26	1,770,256	1,084,020	846,226	225,000
Inventories	28	12,063,288	9,861,121	296	1,883
Current tax assets	29	139,136	139,070	75,566	74,195
Trade & other receivables	30	9,782,520	7,892,295	44,017	28,133
Amounts due from related parties	31	31,747	149,443	257,990	233,869
Cash and cash equivalents	32	5,403,789	3,110,102	723,291	814,025
Current assets		29,261,603	22,322,177	1,947,386	1,377,105
Total assets		43,471,979	36,008,081	10,532,052	9,258,103
Equity
Stated capital	33	4,240,394	4,240,394	4,240,394	4,240,394
Reserves		430,473	191,803	430,590	184,270
Retained earnings		14,233,958	11,356,303	5,572,519	4,638,236
Equity attributable to owners of the Company		18,904,825	15,788,500	10,243,503	9,062,901
Non-controlling interests	33.3	3,767,868	3,448,610	–	–
Total equity		22,672,693	19,237,110	10,243,503	9,062,901
Liabilities
Loans and borrowings	34	1,676,016	1,911,006	–	3,470
Employee benefits	35	1,009,377	883,412	190,922	141,256
Refundable deposit received		–	2,518	–	–
Deferred income and capital grants	36	36,726	39,084	–	–
Deferred tax liabilities	27	1,686,737	1,404,406	–	–
Non-current liabilities		4,408,856	4,240,426	190,922	144,726
Loans and borrowings	34	5,311,993	3,387,971	–	16,306
Trade and other payables	37	7,603,511	6,423,945	97,345	34,158
Amounts due to related parties	38	–	55,000	282	12
Current tax liabilities	29	785,681	555,159	–	–
Bank overdraft	32	2,689,245	2,108,469	–	–
Current liabilities		16,390,430	12,530,545	97,627	50,476
Total liabilities		20,799,286	16,770,971	288,549	195,202
Total equity and liabilities		43,471,979	36,008,081	10,532,052	9,258,103
Net assets per share		38.43	32.08	22.83	18.42

Figures in brackets indicate deductions.

The Accounting Policies and Notes 1 to 47 form an integral part of these Financial Statements.

It is certified that the Financial Statements have been prepared in compliance with the requirements of the Companies Act No. 7 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,

Amal Cabraal
Chairman

S Sathasivam
Group Chief Executive Officer

30 May 2024
Colombo