18. DEFERRED INCOME

Deferred income represents the new connection charges, net of amounts amortised to the Income Statement. Connection charges are initially recognised as deferred income and amortised over a period of 15 years as stated in Accounting Policy Q.       Group/Company (All amounts in Sri Lanka Rupees millions)   2004 2003 Balance at 1 January   7,214   7,132 Connection fees for the year   891   858 Amount amortised during the year (Note 1)   (833)   (776)     Balance at 31 December   7,272   7,214

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