BALANCE SHEET

	(All amounts in Sri Lanka Rupees millions) As at 31 December 2002
	Group Company   Notes 2002   2001   2002   2001 ASSETS                 Non-current assets                 Property, plant & equipment 8 56,722   59,093   54,977   59,090 Intangible assets 9 375   -   - - Investments 10 710   1,151   2,069   1,176 Non-current receivables 11 995   932   995   932 Deferred tax asset 16 2,703   5,225   2,704   5,226     61,505   66,401   60,745   66,424 CURRENT ASSETS             Inventories 12 665   973   610   973 Receivables and prepayments 13 9,324   9,010   9,284   8,998 Cash & cash equivalents 14 5,974   3,789   5,937   3,780     15,963   13,772   15,831   13,751 Total assets   77,468   80,173   76,576   80,175 EQUITY AND LIABILITIES             Capital and reserves                 Ordinary share capital 22 18,049   18,049   18,049   18,049 Capital reserve 23 188   188   188   188 Hedging reserve 24 (1,146)   (888)   (1,146)   (888) Retained earnings   21,696   19,608   21,752   19,612     38,787   36,957   38,843   36,961 Non-current liabilities                 Borrowings 15 18,986   24,440   18,718   24,440 Deferred income 17 6,413   6,216   6,413   6,216 Retirement benefit obligations 19 429   330   411   329 Provisions 20 86   86   86   86     25,914   31,072   25,628   31,071 Current liabilities                 Trade and other payables 18 5,108   4,387   4,689   4,386 Borrowings 15 6,940   7,094   6,697   7,094 Deferred income 17 719   663   719   663     12,767   12,144   12,105   12,143 Total equity and liabilities   77,468   80,173   76,576   80,175
	These financial statements were approved by the Board of Directors on 21 April 2002 and were signed on its behalf by:
	(Sgd.) Thilanga Sumathipala Chairman (Sgd.) Shuhei Anan CEO/Director
	The Accounting Policies on pages 36 to 40 and the Notes on pages 41 to 59 form an integral part of these financial statements.
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