Sri Lanka Telecom Annual Report 2004  
 
Sri Lanka Telecom - Focussed on Goals Beyond
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(All amounts in Sri Lanka Rupees millions)
For the year ended 31 December 2004
          Group       Company
    Notes   2004   2003   2004   2003
Revenue   1   29,588   25,553   26,753   24,477
Operating costs   2   (14,129)   (10,924)   (11,329)   (10,024)
 
 
 
Operating profit before depreciation       15,459   14,629   15,424   14,453
Depreciation   9   (9,036)   (8,241)   (8,114)   (7,987)
 
 
 
Operating profit       6,423   6,388   7,310   6,466
Voluntary Retirement Scheme (VRS)       Nil   (710)   Nil   (710)
International operators levy   4   (2,474)   Nil   (2,469)   Nil
Loss due to Tsunami       (330)   Nil   (300)   Nil
Non-operating income       144   111   122   111
Interest expense and related charges   5   (2,524)   (2,863)   (2,084)   (2,802)
Interest income       202   316   190   311
 
 
 
Profit before tax       1,441   3,242   2,769   3,376
Tax   6   (148)   (993)   (148)   (993)
 
 
 
Net profit       1,293   2,249   2,621   2,383
 
 
 
Earnings per share (Rs.)   7   0.72   1.25   1.45   1.32
All the Group’s activities are continuing activities.

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