Statement of Financial Position

Group Company
As at 31st March 2014 2013 2014 2013
Note Rs. Rs. Rs. Rs.
Assets
Non-Current Assets
Property, Plant and Equipment 15 3,746,882,244 3,740,944,709 3,318,988,821 3,389,715,349
Investment Properties 16 2,832,038,473 2,716,841,871 – –
Intangible Assets 17 622,827,454 550,966,479 73,482,597 –
Investment in Subsidiaries 18 – – 3,893,474,047 3,893,133,400
Investment in Associate 19 62,142,330 – 55,465,410 –
Other Long Term Investments 20 – – – –
Other Non-Current Financial Assets 24.1 37,290,000 570,236,228 – 570,236,228
Total Non-Current Assets   7,301,180,501 7,578,989,287 7,341,410,875 7,853,084,977
Current Assets
Inventories 21 1,948,527,587 1,860,313,844 1,189,084,233 963,328,741
Trade and Other Receivables 22 5,247,222,804 4,295,374,320 4,225,016,933 3,899,426,676
Amount Due from Related Parties 23 135,029,994 129,279,057 121,048,470 121,437,381
Other Current Financial Assets 24.1 2,842,842,251 662,710,445 2,840,624,043 660,874,175
Short Term Investments 25 43,627,205 41,543,907 43,627,205 41,543,907
Short Term Deposits 26 1,139,732,257 1,370,570,398 1,073,331,165 1,310,736,000
Cash and Cash Equivalents 27 1,521,490,044 703,183,829 1,480,494,797 578,211,615
Total Current Assets   12,878,472,142 9,062,975,800 10,973,226,846 7,575,558,495
Total Assets   20,179,652,643 16,641,965,087 18,314,637,721 15,428,643,472
Equity and Liabilities
Stated Capital 28 9,000,000,000 9,000,000,000 9,000,000,000 9,000,000,000
Revaluation Reserve 100,860,402 – 100,860,402 –
Retained Earnings   5,813,793,089 3,486,097,670 5,158,202,617 3,140,717,140
Equity Attributable to Owners of the Company   14,914,653,491 12,486,097,670 14,259,063,019 12,140,717,140
Non-Controlling Interest   264,951,094 137,845,693 – –
Total Equity   15,179,604,585 12,623,943,363 14,259,063,019 12,140,717,140
Non-Current Liabilities
Deferred Grant 29 6,801,041 7,020,430 – –
Interest-Bearing Borrowings 30 967,690 1,933,464 – –
Employee Benefits 31 119,720,592 92,755,886 95,347,263 67,499,119
Deferred Taxation 32 228,416,353 157,734,573 226,536,003 156,426,366
Total Non-Current Liabilities   355,905,676 259,444,353 321,883,266 223,925,485
Current Liabilities
Trade and Other Payables 33 2,744,716,537 1,886,581,039 1,924,974,358 1,230,884,840
Amount Due to Related Parties 34 27,277,919 22,393,072 36,676,247 22,604,032
Other Financial Liabilities 24.2 1,693,054,471 1,786,465,321 1,693,054,471 1,786,465,321
Interest-Bearing Borrowings 30 5,260,203 6,205,671 4,628,287 5,978,141
Current Tax Liabilities 35 148,981,055 42,770,404 71,235,762 5,243,652
Dividend Payable 4,459,040 2,079,997 3,122,311 742,994
Bank Overdraft 27 20,393,157 12,081,867 – 12,081,867
Total Current Liabilities   4,644,142,382 3,758,577,371 3,733,691,436 3,064,000,847
Total Liabilities   5,000,048,058 4,018,021,724 4,055,574,702 3,287,926,332
Total Equity and Liabilities   20,179,652,643 16,641,965,087 18,314,637,721 15,428,643,472

The Accounting Policies and Notes form an integral part of these Financial Statements.
The Financial Statements have been prepared in compliance with the requirements of the Companies Act No. 07 of 2007.

P T N Priyadarshani
Deputy General Manager - Finance

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 of Directors of Access Engineering PLC.

J C Joshua
Managing Director


D A R Fernando
Chief Operating Officer

17th July 2014
Colombo

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