| (All amounts in Sri Lanka Rupees millions) |
|
Group |
Company |
| For the year ended 31 December 2008 |
Notes |
2008 |
2007 |
2008 |
2007 |
| Cash flows from operating activities |
|
|
|
|
|
| Cash generated from operations |
31 |
20,462 |
22,003 |
14,771 |
17,854 |
| Interest received |
|
1,164 |
1,684 |
1,092 |
1,637 |
| Interest paid |
|
(2,131) |
(2,265) |
(1,204) |
(1,396) |
| Tax paid |
|
(4,133) |
(6,332) |
(4,090) |
(6,326) |
| Net cash generated from operating activities |
|
15,362 |
15,090 |
10,569 |
11,769 |
|
|
|
|
|
|
| Cash flows from investing activities |
|
|
|
|
|
| Acquisition of subsidiary, net of cash acquired |
|
(108) |
– |
– |
– |
| Acquisition of property, plant & equipment |
|
(13,680) |
(9,866) |
(5,391) |
(5,568) |
| Acquisition of intangible assets |
16 |
(733) |
(222) |
(393) |
(210) |
Proceeds from disposal of property,
plant & equipment |
|
85 |
15 |
75 |
15 |
| Investments in subsidiaries |
|
– |
– |
(2,420) |
(750) |
| Net cash used in investing activities |
|
(14,436) |
(10,073) |
(8,129) |
(6,513) |
|
|
|
|
|
|
| |
|
|
|
|
|
| Cash flows from financing activities |
|
|
|
|
|
| Proceeds from borrowings |
|
3,607 |
2,653 |
900 |
– |
| Finance lease principal re-payment |
|
(7) |
(4) |
(7) |
(4) |
| Re-payment of borrowings |
|
(2,321) |
(3,399) |
(796) |
(1,271) |
| Dividends paid to the Company's shareholders |
14 |
(1,805) |
(1,805) |
(1,805) |
(1,805) |
| Net cash used in |
|
(526) |
(2,555) |
(1,708) |
(3,080) |
|
|
|
|
|
|
| Increase in cash and cash equivalents |
|
400 |
2,462 |
732 |
2,176 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Movement in cash and cash equivalents |
|
|
|
|
|
Cash and cash equivalents at beginning
of year (Note 21) |
|
16,920 |
14,335 |
16,689 |
14,390 |
Effect of exchange fluctuation on
cash and cash equivalents |
|
550 |
123 |
550 |
123 |
|
|
17,470 |
14,458 |
17,239 |
14,513 |
| Increase in cash and cash equivalents |
|
400 |
2,462 |
732 |
2,176 |
| At end of year |
21 |
17,870 |
16,920 |
17,971 |
16,689 |
|
|
|
|
|
|
The Notes on pages 77 to 118 form an integral part of these financial statements. |
