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Year ended 31 July |
Note |
2024 LKR |
2023 LKR |
| Cash flows from/(used in) operating activities | |||
| Surplus/(deficit) before tax | (167,893,265) | (665,760,387) | |
| Adjustments for | |||
| Depreciation of property, plant and equipment | 3.2 | 129,053,660 | 92,880,583 |
| Amortisation of Intangible assets | 5 | 361,695 | – |
| Amortisation of leasehold rights | 4 | 634,941 | 634,941 |
| Profit/(loss) on disposal of fixed assets | 16 | 559,956 | (128,240) |
| Income from investments | 15 | (81,009,253) | (100,244,319) |
| Provision for post employment benefit plan | 9 | 61,104,682 | 56,286,896 |
| Provision for expatriate defined contribution plan | 11.1 | 59,425,332 | 70,736,153 |
| Operating profit/(loss) before working capital changes | 2,237,748 | (545,594,373) | |
| Changes in working capital | |||
| Decreased/(increased) in receivables and prepayments | (22,583,660) | 289,056,441 | |
| (Decreased)/increased other payables | 104,579,840 | 211,055,695 | |
| Cash generated from/(used) in operating activities | 84,233,928 | (45,482,237) | |
| Post employment benefit plan paid | 9.1 | (21,909,012) | (22,896,276) |
| Expatriate defined contribution plan paid | 11.1 | (131,713,265) | (144,594,112) |
| Interest received | 15 | 81,009,253 | 100,244,319 |
| Income tax paid | 17.4 | – | (5,328,653) |
| Net cash generated from/(used in) operating activities | 11,620,904 | (118,056,959) | |
| Cash flows from investing activities | |||
| Acquisition of building, property, plant and equipment | 3.1 | (76,228,063) | (257,770,420) |
| Addition of assets under construction | 3.1 | (5,818,585) | (7,389,371) |
| Proceeds from disposal of property, plant equipment | – | 128,241 | |
| Investments acquired | (96,689,580) | (934,581,466) | |
| Investments redeemed/disposed | 104,247,923 | 410,605,691 | |
| Net cash used in investing activities | (74,488,305) | (789,007,325) | |
| Cash flows from financing activities | |||
| Net receipts from school projects | 7,545,128 | (2,490,537) | |
| Net cash from/(used in) financing activities | 7,545,128 | (2,490,537) | |
| Decrease in cash and cash equivalents | (55,322,273) | (909,554,821) | |
| Cash and cash equivalents at the beginning of the year | 8 | 209,274,812 | 1,118,829,633 |
| Cash and cash equivalents at the end of the year | 8 | 153,952,539 | 209,274,812 |
The Accounting Policies and Notes 1 to 20 form an integral part of these Financial Statements.
