OUR VISION
“To be an Internationally Renowned Training
and
Technical Service Provider for the
Textile & Apparel Industry.”
OUR MISSION
To Facilitate the Sustainable Development of
Sri Lankan Textile & Apparel Industry
by
Producing Competent People with
Specialized Skills.
OUR SERVICES
Training
Testing
Consultancy
CORPORATE INFORMATION
Name of the Institution
: Sri Lanka Institute of Textile & Apparel
Address
: Kandawela Estate, No.02
Gen. Sir John Kotalawela Mawatha
Ratmalana
Registration
: Act No. 12 of 2009
Legal Form
: Statutory Board
Line Ministry
: Industry & Commerce
Board of Directors
: 











Auditor
: Department of Auditor General
Telephone Nos.
: 2632406/2636336/2636337
Fax No.
: 2636337
E.Mail
: director@textile-clothing.lk
Web
: www.textile-clothing.lk
Mr. Janaka Sugathadasa (Chairman)
Mr. S.R.M.L. Gunathilaka
Ms. Indika Ranathunga
Mr. S.P.M.K. Siriwardena
Mr. W.A.D.S. Gunasinghe
Ms. Rupa S. Ekanayaka
Mr. K.H. Bandula Fernando
Mr. Channa Palansooriya
Mr. Iyoob Samahi
Mr. M. Aseem Ismail
Dr. G.L.D. Wickramasinghe
Dr. G.B. Delkumburawatta
Content
Page
An Overview of the Institute
103-105
Performance Highlighs
106
Director General's Report
107-108
Statement of Director General’s Responsibilities
109
Accounting Policies
110-112
General Disclosures
113-114
Balance Sheet
115
Statement of Financial Performance
116
Cash Flow Statement
117
Statement of Changes in Net Assets
118
Notes to Financial Statements
119-138
Performance Indicators
139
Report on Financial Statements
140-143
Report of the Auditor General
144-154
AN OVERVIEW OF THE INSTITUTE
INTRODUCTION
CITI and TT&SC which have served the industry for over twenty four
years have been merged to become Sri Lanka Institute of Textile & Apparel
(SLITA ) under the Act No. 12 of 2009 and has been in operation since 15 th June
2009. The new Institute SLITA is expected to undergo a total transformation
with a re-organized departmental and management structure to face the
emerging business challenges and to provide a better customer focused
service. Management Structure of SLITA will create clear lines of
responsibility and authority with defined deliverables for each department
and individuals.
As indicated in the new Act , SLITA will shoulder a greater responsibility
in serving the Textile and Apparel Sector of Sri Lanka with the focus on
the following objectives ,









To provide expertise for the sustainable development of the
Textile and Apparel Industry.
To enhance the knowledge base of the Textile and Apparel Sector
to meet the immerging technological developments.
To play a leading role in providing consultancy and technical
services to local and overseas textile and apparel manufacturers.
To provide technical expertise to the domestic Handloom Industry.
To introduce a multiple services approach in providing technical
assistance to the small scale entrepreneurs in the rural sector
engaged in garment, handloom and footwear manufacture.
While continuing as a leader in providing vocational training.
SLITA is to elevate its services to tertiary level by conducting
vocational Degree programmes to meet NVQ Standards.
To strengthen the information and communication technology of
SLITA for easy access of services to ensure customer satisfaction.
To embark on research and development work.
With the above objectives in line, SLITA is expected to accelerate its
services to continue as the leading services provider for the Textile and
Apparel Industry and to become an economically viable organization in the
long run.
103
The Board of Governors
The Board of Governors are entrusted the powers to make decision on policy and
legislation of the Institute and Director General executes the decisions of the
Board. The Board Meetings are held each month and the members review the
progress & activities and set guidelines for operations of the Institute.
The Board as at 31.12.2011
Mr. Janaka Sugathadasa
Chairman Ex. Officio
Ministry of Industry & Commerce
Mr. S.R.M.L. Gunathilake
Member
Ex. Officio
Ministry of State Resources&
Enterprise Development
Ms. Indika Ranathunga
Member
Ex. Officio
Ministry of Industry & Commerce
Ms. S.P.M.K. Siriwardene
Member
Ex. Officio
Ministry of Higher Education
Mr. W.A.D.S. Gunasinghe
Member
Ex. Officio
General Treasury
Ms. Rupa S. Ekanayaka
Member
Ministry of Economic Development
Mr. K.H. Bandula Fernando Member
Chamber of Garment Association
Mr. Channa Palansooriya
Member
Joint Apparel Association Forum
Mr. Iyoob Samahi
Member
Mr. M. Azeem Ismail
Member
Joint Apparel Association Forum
Dr. G.L.D. Wickramasinghe Member
University of Moratuwa
Dr. G.B. Delkumburawatta Member
Open University
Mr. M.P. Kannangara
Board Secretary
Staff As At 31.12.2011
The total staff strength – 96
Functional Distribution of Staff
Category
Consultant
Management
& Operation
-
Technical/
Operation
-
Marketing
Finance
-
-
General/
Administration
-
Employees
03
50
-
05
33
Casual/Trainee
-
02
-
-
01
Contract/Assignment
-
02
-
-
-
104
Mr. Y.L.S. Hameed
-
Director General
Mr. D.P.L.P. Jayaweera
-
Director (Training and Technical)
MBA, Chartered Textile Technologist,
M.Sc. (Clothing), NDT (Textile Technology)
Mrs. Indika Ranathunga
-
Acting Director (Administration and Finance)
Mr. M.P. Kannangara
-
Administrative Manager, B.Sc.
Mrs. P.P. Jayasinghe
-
Accountant, B.sc. Accountancy (Special), MAAT
Senior Staff ( Technical)
Mr. S. Ilangovan
-
Senior Textile Technologist, B.Sc. Eng. (Text),MBA
Mr. G. K. K. S. Kumara
-
Senior Textile Technologist, B.Sc. (Text)
Mr. J.P. Samarakoon
-
Technical Training Officer, NDT (Mech)
Mrs. K.A.R.V. Abeywardena -
Technical Training Officer, NDT (Text. Tech.)
Mrs. H.M.P.K. Bandara
-
Technical Training Officer, Dip. C.M. (CITI)
Mr. B.L.S.P. Nishantha
-
Technical Training Officer, B.Sc. (Hons.)
105
PERFORMANCE HIGHLIGHTS
1.
Financial Performance
Income Vs Expenditure
Government Grant for Recurrent &
Capital Expenditure
90
80
30
70
25
60
20
50
Rs.Mn.
Rs.Mn.
40
15
10
30
5
20
-
10
2007 2008 2009 2010 2011
0
2007
2008
2009
2010
2011
Year
Year
Income
2.
Recurrent Grant
Expenditure
Capital Grant
Physical Performance
Training
Testing
2500
2000
1500
Nos.
1000
500
0
2007 2008 2009 2010 2011
40,000
35,000
30,000
25,000
Nos. 20,000
15,000
10,000
5,000
2007 2008 2009 2010 2011
Year
No. of Courses
Year
No. of Participants
No.of Tests
106
No. of Samples
DIRECTOR GENERAL’S MESSAGE
Sri Lanka Institute of Textile and Apparel, SLITA, which was established
under the parliamentary Act No 12 of 2009 amalgamating the two
predecessor institutes namely, Textile Training and Service Center ( TT&SC)
and Clothing Industry Training Institute (CITI) has grown from strength to
strength during the year under review.
The financial year 2011 has seen a marked increase by 21% in its overall
financial performance beside heralding in a new era of development aimed at
broad-basing its services. The Institute was able to manage its operating
expenses without obtaining funds from the treasury. However, the Institute
utilized capital grants from the treasury for procurement of machinery and
equipment for the laboratory and for the upgrading of workshops ,IT
laboratory and other infrastructure facilities. By upgrading the infrastructure
facilities with the purchase of new machinery and equipment, SLITA was able
to serve the industry better to meet the industry demands.
The existing laboratory of SLITA , which has seen additions of state-of-the-art
new equipment during the year under review , continues to maintain its
competitive edge in undertaking commercial testing of apparel and textile
materials to generate major incomes when compared with the other sources
of income to the Institution. SLITA continued renewal of accreditation for
ISO 9000, ISO 17025 and Limited Brand accreditation for the laboratory
services offered to the industry.
As the pioneer institution in the field of training, testing, technical services
and consultancy in Sri Lanka , SLITA takes pride in mentioning that 1790
persons ,from 119 different courses, have been trained in the disciplines of
textile and apparel technology and management , most of whom, we are
happy to note, have been gainfully employed in the small, medium and large
sector industries. Productivity Improvement Program (PIP) provided
consultancies for 14 small and medium textile and apparel sector factories to
improve their efficiencies so as to be competitive in the export-oriented
market. In addition to that, 20 special training programs were organized and
conducted to develop the skills of human resources of Small and Medium
(SME) sector factories and both the programs were conducted under the
patronage and guidance of the Ministry of Industry and Commerce.
107
Intake for the training program, especially for the Diploma Programs, is
enhanced to meet the middle level management requirements of the industry.
We set in motion a process of revising the entire curricula relating to the
various disciplines with a special emphasis on the latest technology, beside
that SLITA took initiatives to embark on a new discipline in leather and
footwear technology and management ,in respect of which two members on
the staff were sent to FDDI , India, for a capacity building programme.
Further, thirteen technical staff members were exposed to overseas training
in the disciplines of warp knitting ,narrow fabric weaving technology, green
textiles, draping and operation of new testing methodologies with the modern
equipment. The impact of the acquisition of the latest skills through the
above mentioned exposures is manifest in services delivered to the industry.
Under the concept of Mahinda Chinthana, SLITA is involved with other
government agencies to support the Divineguma program by introducing
the services offered to the cottage industry for the development of the skills in
the areas of textile and apparel industry.
SLITA foresees a host of business opportunities in the offing for the
institution to grow further and in this effort, I wish to place on record the
encouragement given by the Ministry of Industry and Commerce for the
development of the institution. It should also be mentioned that , without the
support and co-operation of the Board of Governors, SLITA would not have
been able to reach the current position. Finally, I wish to record my
appreciation of the sheer enthusiasm and active participation of the members
on the staff of SLITA.
Y.L.S.Hameed
DIRECTOR GENERAL
Sri Lanka Institute of Textile and Apparel
108
STATEMENT OF DIRECTOR GENERAL’S RESPONSIBILITIES
The responsibilities of the Director General’s, in relation to the financial
statements of the Institute, differ from the responsibilities of the Auditors.
As per the provisions of the Companies Act, the Director General is required
to prepare financial statements for each financial year giving a true and a fair
view of the state of affairs of the organization as at the end of the financial
year and of the results of its operations for the financial year.
The Director General considers that, in preparing these financial statements,
appropriate accounting policies have been selected and applied in a
consistent manner and supported by reasonable and prudent judgment and
that all applicable Accounting Standards, as relevant, have been followed.
The Director General is also confident that the organization has adequate
resources to continue in operation and have applied the going concern basis
in preparing these financial statements. Further the Director General has a
responsibility to ensure that the organization maintains sufficient accounting
records to disclose with reasonable accuracy, the financial position of the
organization and to ensure that the financial statements presented comply
with the requirements of the Companies Act.
The Director General is also responsible for taking reasonable steps to
safeguard the assets of the organization and in this regard to give proper
consideration to the establishment of appropriate internal control systems to
prevent and detect fraud and other irregularities.
The Director General is confident that he has discharged his responsibilities
as set out in this statement. The Director General also confirms that to the best
of his knowledge, all statutory payments by the organization as at the Balance
Sheet date have been paid or where relevant, provided for.
109
ACCOUNTING POLICIES
The principal accounting policies adopted in the preparation of these financial
statements are set out below:
1.
Basis of Preparation
(i)
(ii)
(iii)
The financial statements are prepared in accordance with the
Generally Accepted Accounting Principals and the Sri Lanka
Accounting Standards under the historical cost convention and
presented in accordance with the formats prescribed by the
General Treasury Circular No. PED 19.
The calendar year is the Financial Year of the Institute.
Financial Act No.38 of 1971 applies to and in respect of financial
control and accounts of the Institute.
Accounting Policies
1.
Property, Plant and Equipment
All property, plant and equipment other than land, is stated at
historical cost/ valuation, less accumulated depreciation.
Cost includes all costs directly attributable to bringing an asset to
working condition for its intended use. Significant renovations are
capitalized if they extend the life of the asset beyond its originally
estimated useful life or increase its recoverable value. Maintenance,
repairs and minor renewals are charged to income as incurred.
The cost of property, plant & equipment that are disposed of are
eliminated from the balance sheet, along with the corresponding
accumulated depreciation. Gains and losses on disposals are
determined by reference to their carrying amount and are taken in to
account in determining operating profit.
2.
Depreciation
The provision for depreciation is calculated by using a straight-line
method on the cost of all property, plant and equipment in order to
write-off such amounts over the following estimated useful lives by
equal instruments.
110
From the Financial Year 2011, the following rates are applied for the
depreciation to rectify any over/under depreciation charged earlier.
Buildings
Plant and Equipment
Furniture and Fittings
Office Equipment
Training Equipment
Canteen Equipment
Motor Vehicles
Computers
Books and Periodicals
Lab Equipment
Video Programme
40 years
10 years
10 years
10 years
10 years
10 years
10 years
5 years
10 years
10 years
4 Years
Full depreciation is charged for the assets acquired in the first half of
the year and a 50% depreciation is charged for acquisition during the
second half of the year.
3.
Inventories
All inventories are, held to be, used by the Institute, in providing its
services. Inventories are stated at the lower of cost and net realizable
value. Cost is determined using First In, First Out (FIFO) method.
4.
Trade Receivables
Trade receivables are carried at original invoice amount.
5.
Cash and Cash Equivalents
For the purpose of cash flow statement, cash and cash equivalents
comprise cash in hand, deposits and other short term highly liquid
investments with original maturity of three months or less.
6.
Provisions
Provisions are recognized when the Institute has a present legal or
constructive obligation as a result of past events, it is probable that an
outflow of resources will be required to settle the obligation, and a
reliable estimate of the amount of the obligation can be made.
Bad & Doubtful debts are provided at 5%.
111
7.
Foreign Currency Transactions
Foreign currency transactions are accounted for at the exchange rates
prevailing at the dates of the transactions; gains and losses resulting
from the settlement of such transactions are recognized in the income
statement.
7.
Defined Benefit Plan
Terminal benefits are provided for all employees of the institute, those
who have completed their one year of service of the Institution under
the payment of Gratuity Act No. 12 of 1983, at the rate or one half of
sum of the basic salary, cost of living allowances and the special living
allowance.
9.
Defined Contribution Plan
All employees of the Institute are members of the Employees’
Provident Fund and Employees’ Trust Fund, to which the Institute
contributes 12% and 3% respectively of such employees’ basic salary
together with the cost of living allowance and other special living
allowance.
10.
Revenue Recognition
Revenue is recognized on an accrual basis on invoiced value for sale of
services net off Value Added Tax, Nation Building Tax and discounts.
11.
Expenditure
Expenses are recognized on accrual basis. All expenditure incurred in
the running of the Institute and in maintaining property, plant &
equipment in a state of efficiency has been charged to income in
arriving at the profit for the period.
12.
Cash Flow
Statement of Cash Flow is prepared using the Indirect Method.
112
GENERAL DISCLOSURES
1.
Capital Working Progress
The capital work started in the year but not completed at the end has
been transferred to the capital work in progress account (Engineering
Workshop, ICT Room).
2.
Income Generated from SME Programme
The income generated from SME (Small and Medium Enterprises)
development programme has been included in the training income.
3.
Defined Benefit Plan
A case has been filed against SLITA with regard to termination benefit
payment made to the employees those who have completed their 5
years service and left from the Institution. Hence as per the instruction
given by the Labour Commissioner, the gratuity provision has been
made based on the Gratuity Act No. 12 of 1983 in year 2011, and the
necessary payments were made accordingly.
4.
Foreign Staff Training
The expenses on foreign staff training is stated under the human
capacity building project as a capital (investment) expenses.
5.
Labour Court Cases
6.1
Supreme Court Fundamental App. No.23/2009
A case has been filed by Dr. D.P.N. Nanayakkara former
Director against Hon. Minister of Textile Industry Development,
Director General of SLITA and one of the Directors of SLITA
and against the CITI and
TT &SC.
113
6.
Advance Payment on Fixed Assets
Out of the three ceased vehicles purchased from the Sri Lanka Custom
in year 2010, two cars were completed their repairing work during the
year 2011 and used by the Institution. The delivery van has not been
completed the repairing work and was not able to use during the year.
7.
ICT Unit
The approval of Board of Governors was granted to write-off the advance
payment of Rs.200,000/- on their board meeting held on 25.02.2011.
8.
Investments in Treasury Bills
Investments in Treasury Bills sated in the accounts at cost.
9.
Productivity Improvement Project and Small &
Medium Enterprises Development Programme
The Income generated from excess income over expenditure by the
above two major projects.
10.
Dye Centre Project
The income received from the above project has been included in the
consultancy income.
11.
It has been noted that Rs.3,940.64 is included in staff loan accounts as a
net balance of over under payment of staff loans which comes from
over 5 years. This balance is never can be recovered and the employees
have left from the Institution.
114
SRI LANKA INSTITUTE OF TEXTILE & APPAREL
ST
BALANCE SHEET AS AT 31 DECEMBER 2011
2010
2011
Note
No.
Rs.
Rs.
Rs.
Rs.
ASSETS
Non-Current Assets
Property, Plant and Equipment(Net)
Capital work in progress
Investments
Advance Payment on fixed Assets
1
2
3
4
Human capacity building
5
Current Assets
Inventories
Trade and Other Receivables
Payments in Advance
Cash and Cash Equivalents
6
7
8
9
82,468,526.54
6,621,060.83
10,462,862.56
1,102,250.00
72,546,477.38
4,260,621.79
10,357,962.81
3,269,000.00
100,654,699.93
3,995,205.69
5,185,253.21
27,542,182.65
1,826,739.77
43,748,975.81
90,434,061.98
6,464,246.54
22,007,467.44
944,394.80
38,757,125.49
78,303,151.44
182,953,057.06
Total Assets
68,173,234.27
158,607,296.25
LIABILITIES
Current Liabilities
Trade and Other Payables
Provision for Bad Debts
10
6,454,873.80
801,596.86
5,019,226.45
679,834.56
7,256,470.66
Non-Current Liabilities
Provision for Gratuity
11
22,751,715.38
Total Liabilities
TOTAL NET ASSETS
5,699,061.01
20,595,948.00
22,751,715.38
30,008,186.04
20,595,948.00
26,295,009.01
152,944,871.02
132,312,287.24
EQUITY
Accumulated Surplus/(Deficit)
Govt.Contributions & Foreign Aid
Revaluation Reserve
12
13
14
(255,116,943.63)
392,576,595.91
15,485,218.74
(251,515,430.89)
368,342,499.39
15,485,218.74
152,944,871.02
152,944,871.02
TOTAL EQUITY
…………………….
ACCOUNTANT
115
132,312,287.24
132,312,287.24
…………………
CHAIRMAN
SRI LANKA INSTITUTE OF TEXTILE & APPAREL
STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED
31ST DECEMBER 2011
Note
2011
2010
No.
Rs.
Rs.
Operating Revenue
Recurrent Grant
-
Operating Income
15
Total Operating Revenue
7,500,000.00
78,134,151.68
64,246,222.79
78,134,151.68
71,746,222.79
Operating Expenses
Personal Emoluments
16
42,026,903.87
40,857,357.33
Travelling
17
436,209.00
443,712.40
Supplies and Consumables
18
6,898,882.35
3,843,450.27
Maintenance
19
3,321,727.26
2,252,142.50
Contractual Services
20
11,407,318.95
9,876,840.86
Other Operating Expenses
21
4,640,781.74
4,265,709.41
68,731,823.17
61,539,212.77
Total Operating Expenses
Surplus/(Deficit) from operating activities before
Depreciation
Depreciation for the year
22
Surplus / (deficit) from operating activities after
depreciation
Finance Cost
9,402,328.51
10,207,010.02
(12,737,012.56)
(18,947,887.09)
(3,334,684.05)
(8,740,877.07)
-
Net Surplus/(Deficit) for the Period
(3,334,684.05)
………………….
ACCOUNTANT
…………………….
CHAIRMAN
116
(8,740,877.07)
SRI LANKA INSTITUTE OF TEXTILE & APPAREL
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31st DECEMBER 2011
2011
Rs.
Surplus/(Deficit) from ordinary Activities
2010
Rs.
(3,334,684)
(8,742,887)
12,737,013
18,947,887
Non cash movements
Depreciation
Adjustment to Property, Plant & Equipment
-
Increase/(Decrease) in provision for Doubtful debts
Increase in provision for Gratuity
6,119
121,762
218,329
3,448,731
5,334,646
Cash Flow From Operating Activities
Proceeds from Sale of Plant & Equipment
2,301,455
(Increase)/Decrease in Inventories
Adjustment to Depreciations
Increase/(Decrease) in Trade & Other Receivables
-
1,278,993
(833,592)
(735,000.00)
(364,109)
(5,534,715)
5,791,413
Decrease in previous year deficit (P/y/adj)
(266,829)
331,683
(Increase)/Decrease in Payment in Advance
(882,345)
(228,054)
Increase in Trade & Other Payables
Gratuity Payments made
Net Cash Flows from Operating Activities
1,435,647
(6,521,743)
(1,292,964)
(1,603,270)
9,277,065
12,336,422
(22,015,592)
(7,280,269)
(104,900)
(1,194,083)
CASH FLOW FROM INVESTING ACTIVITIES
Acquisition of Plant & Equipments
Investments
Payments to Handloom dye project
(5,765,903)
Advance Payment for Capital Expenditure
-
2,166,750
(3,069,000)
Capital work in Progress
(2,360,439)
(4,260,622)
Human capacity building
(3,995,206)
-
(Gains)/losses on sales of property plant & equipments
(2,209,925)
-
Interest Received
Net Cash Flows from Investing Activities
(25,008,150)
(15,803,974)
Capital Grants
30,000,000
34,700,000
Net Cash Flows from financing Activities
30,000,000
34,700,000
4,991,850
31,232,448
Cash and cash equivalent at beginning of period
38,757,125
7,524,672
Cash and cash equivalent at end of period
43,748,976
38,757,120
CASH FLOW FROM FINANCING ACTIVITIES
Net increase/(Decrease) in cash and cash equivalents
117
SRI LANKA INSTITUTE OF TEXTILE & APPAREL
STATEMENT OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED 31st DECEMBER 2011
Accumulated
Fund
Rs.
Balance as at 31 st December 2009
90,538,273
Revaluation
Reserves
Rs.
Total
Rs.
15,485,218
106,023,491
-
-
15,485,218
136,798
106,160,289
Surplus/ (Deficit) on Revaluation of Properties
Surplus/ ( Deficit) on Revaluation of Investment
Currency Translation Differences
136,798
90,675,071
Net Gains and Losses not Recognized
in the Statement of Financial Performance
34,892,875
34,892,875
Surplus / (Deficit) for the Period
(8,740,877)
(8,740,877)
Balance as at 31 st December 2010
116,827,069
15,485,218
132,312,287
(28,468)
116,798,601
15,485,218
(28,468)
132,283,819
Surplus/ (Deficit) on Revaluation of Properties
Surplus/ ( Deficit) on Revaluation of Investment
Currency Translation Differences
Net Gains and Losses not Recognized
in the Statement of Financial Performance
23,995,736
23,995,736
Surplus / (Deficit) for the Period
(3,334,684)
(3,334,684)
Balance as at 31 st December 2011
137,459,653
118
15,485,218
152,944,871
-Note No. 23
Disposals
119
-
Depreciation on Assets Disposed
Adjustments to Acc. Depreciation
Depreciation Transferred
Accumulated Depreciation as at
31/12/2011
4,963,916.00
-
Net Book Value as at 31/12/2011
-
Depreciation for the year
4,963,916.00
-
-
-
4,963,916.00
Land
Accumulated Depreciation as at
01/01/2011
Accumulated Depreciation
Cost as at 31/12/2011
Assets Transferred
Adjustments to Assets
-Note No.1 . 1
Additions
Cost
Cost as at 01/01/2011
PROPERTY PLANT & EQUIPMENT
28,817,941.97
23,078,336.30
-
-
-
1,293,851.45
21,784,484.85
51,896,278.27
-
-
1,230,494.78
50,665,783.49
Buildings
1. PROPERTY PLANT & EQUIPMENT AS AT 31/12/2011
5,466,664.61
25,767,624.18
-
(8,000.00)
714,290.57
25,061,333.61
31,234,288.79
-
(8,000.00)
567,555.86
30,674,732.93
Plant &
Machinery
4,882,599.02
9,919,255.31
-
(735,000.00)
(3,712,565.00)
934,742.05
13,432,078.26
14,801,854.33
-
-
(3,712,565.00)
3,484,841.07
15,029,578.26
Motor Vehicles
360,518.29
33,518,219.35
(429,357.44)
1,727,536.31
32,220,040.48
33,878,737.64
-
(519,357.44)
-
34,398,095.08
Industrial Sewing
Machinery
9,699,383.41
26,234,225.50
-
180,252.52
(2,707,371.58)
1,376,327.19
27,385,017.37
35,933,608.91
-
180,252.52
(2,708,901.58)
6,469,522.35
31,992,735.62
18,766,807.51
88,101,433.99
-
-
4,171,234.54
83,930,199.45
106,868,241.50
-
-
-
777,813.64
106,090,427.86
Furniture, Fittings Lab Equipment
& Equipment
7,987,423.37
16,439,351.60
-
(6,354,720.90)
2,138,894.31
20,655,178.19
24,426,774.97
-
-
(6,354,720.90)
9,065,700.55
21,715,795.32
Computers
1,434,209.86
4,605,967.66
-
-
312,122.39
4,293,845.27
6,040,177.52
-
-
300,913.47
5,739,264.05
Books &
Periodicals
180,252.52
(180,252.52)
180,252.52
-
(180,252.52)
180,252.52
Unserviceable
Fixed Assets
89,062.50
282,992.50
-
-
-
68,013.75
214,978.75
372,055.00
-
-
-
118,750.00
253,305.00
Video
Programme
82,468,526.54
227,947,406.39
-
(735,000.00)
(13,212,014.92)
12,737,012.56
229,157,408.75
310,415,932.93
-
-
(13,303,544.92)
22,015,591.72
301,703,886.13
Total
NOTES TO FINANCIAL STATEMENTS
Notes to Financial Statements (Contd.)
2011
Rs.
1.1 Property Plant & Equipment
Additions
Qty.
Buildings
New staff room
Electrical work for processing unit
919,244.78
311,250.00
1,230,494.78
Computers
Kapesky Internet security system
UPS
Upgrading Gerber system
Laser Jet Printers
Salary software for Accounts Dept.
Software installation (PIP)
Desk top computers
Lap tops
Desk top for main server
Installation and configuration of (E-mail proxy) file back up
system for server
Computers for ICT unit & Library
Pen drives
25
04
16
01
15
13
03
60,000.00
531,350.00
967,605.55
496,000.00
85,510.00
45,000.00
1,966,860.00
1,440,000.00
404,700.00
01
25
2
95,000.00
2,971,175.00
2,500.00
9,065,700.55
01 set
01
286,979.00
125,714.00
Furniture ,Fittings Fixture & Equipment
Camera sytem for Laboratary CCTV
42" LCD panel
Scissors
04
2,160.00
Fire extinguisher
01
4,067.76
Calculator
01
1,350.00
Codeless telephone system
01
6,500.00
Handy recorder
02
253,120.00
Pantene colour card set
01
158,700.00
Handy dryer for printing
01
45,000.00
High speed print paste mixer
01
54,000.00
Chairs for canteen
13
87,770.00
Table for canteen
01
15,830.00
Photocopy machines
02
322,000.00
Digital Cameras
06
170,980.00
Road direction board
02
137,625.00
Overhead projector
04
116,000.00
Ceiling fans
04
25,200.00
Calculators
06
6,300.00
Multimedia projectors
07
807,000.00
Ceiling mounted multimedia projectors
02
225,800.00
Digital photocopier
01
100,000.00
Class room chairs
50
223,214.29
Computer tables
26
188,497.53
Steel cupboards
03
66,800.00
Class room chairs
46
205,357.14
Wall clocks
02
2,812.50
120
2010
Rs.
Notes to Financial Statements (Contd.)
2011
Rs.
Qty.
File cupboard
02
21,625.00
Fax machine
01
48,000.00
Polyphone sealer
01
2,700.00
Iron frame stands
03
4,900.00
Fabricating & drawing chairs
24
244,800.00
Tables for Library
01
29,900.00
Chairs for Library
24
159,600.00
Reception desk
01
19,175.00
File cupboard
01
11,992.00
Discussion table
01
7,815.00
Computer table with chairs
02
31,360.00
Table - Type A 48x24x30
32
478,078.08
Table - Type A 30x24x30
10
147,420.60
Water filter
01
3,946.42
Electric kettle
01
4,300.00
Typist chairs with arm - D 8051 BL
26
126,101.04
1500mm writing table - APWK-CUS- 3056
17
132,511.67
1000mm writing table - APWK-CUS- 3255
07
37,861.67
900mm writing table - APWK-CUS- 3254
10
51,666.66
3 D Mobile pedetal-APWK-CUS-2924
17
96,981.67
High back chair-APCH-701HB
17
126,986.67
High cabinets without doors - APWK- CUS 3631
17
267,576.66
Pin board
01
4,700.00
1500mm Longx800 mm widex750mm High tables
02
20,196.00
1050mm Lx550 mm wx750mm H side returns
02
13,872.00
405mm Wx490mm deep x 450mm H drawers
03
12,852.00
Key board trays KT 50sp
800mm Lx400mm deep[ 1770mm H filing cupboards NFC800DSP
02
5,508.00
02
38,556.00
1200mm L x 800mm W x 750mm H table NT 1200SP
08
66,096.00
490mm D x 405mm W x 300mm H tables
1500mm Lx800mm W x 750mm H tables & Key board tray KT
50sp
800mm Lx400mm deep[ 1770mm H filing cupboards NFC800DSP
08
40,392.00
08
22,032.00
10
192,780.00
67,830.00
Partition of fabric technology department
High back chair- ECO 500 Sp
02
17,544.00
Visitors chairs ECO 200 SP
04
31,416.00
Medium back chairs ECO 280.Sp
08
66,096.00
Medium back chairs ECO 180.Sp
08
58,752.00
Visitors chairs ECO 200 SP
04
22,800.00
Camera charger
03
6,750.00
Emergency light
01
1,500.00
Luggage
01
3,375.00
Visible cupboard - Library
01
49,950.00
Chair for reading unit -Library
06
23,160.00
Electric kettle
01
9,289.99
6,469,522.35
121
2010
Rs.
Notes to Financial Statements (Contd.)
2011
Rs.
Plant & Machinery
Air conditioners
2010
Rs.
Qty.
04
567,555.86
Laboratory Equipment
Single Gas cooker
01
1,750.00
Xnosive machine bulbs
03
429,609.64
Electro machine treating unit
02
290,024.00
Stop watches
KWHR meter for dying machine
01
430.00
01
56,000.00
777,813.64
1
1,653,873.75
1
1,830,967.32
3,484,841.07
Motor vehicles
Mazda car
Nisan car
Books & Periodicals
cost of books purchased during the year
300,913.47
300,913.47
Video programme of SLITA
2
3
1
Capital Work in Progress
Engineering workshop
Staff room
Parapet wall
Wash room
ICT Unit
6,069,868.87
345,711.96
10,000.00
195,480.00
6,621,060.83
2,185,000.00
8,277,862.56
10,462,862.56
2,357,962.81
8,000,000.00
10,357,962.81
Advance Payment on Fixed Assets (Discloser No 11)
Custom Duty & transport cost of Hyundai Van
ICT unit
5
3,469,090.79
791,531.00
4,260,621.79
Investments
Fixed deposits in BOC NRFC A/C No.000008446418
Treasury Bills
4
118,750.00
118,750.00
1,102,250.00
1,102,250.00
Human Capacity Building
University of North Carolina - (MSc.)
Open University
Indexpro training programme
Training on Knitting Technology-Germany
Training on Weaving Technology-Swisterland
Textile testing In India
International W.Shop in Turkey
Training course on Clothing Techniques-China
ITMA Exhibition-Spain
London Fashion college Doc.Curier Charges
Skill Development Programme
English classes
899,297.00
56,632.00
130,000.00
246,522.00
654,120.00
590,516.00
64,706.00
102,187.00
1,221,320.69
17,655.00
4,000.00
8,250.00
3,995,205.69
122
3,069,000.00
200,000.00
3,269,000.00
Notes to Financial Statements (Contd.)
2011
Rs.
6
Inventory
Stationery
Training material
Spare parts & accessories
Consumables
7 Trade & Other Receivables
Staff loans
Trade debtors
Other debtors
Deposits
7.1
2010
Rs.
(7.1)
(7.2)
(7.3)
(7.4)
546,221.30
93,861.00
1,948,015.54
2,597,155.37
5,185,253.21
591,886.47
451,221.34
1,948,015.54
3,473,123.19
6,464,246.54
450,916.71
18,197,773.72
8,536,012.22
357,480.00
27,542,182.65
259,451.82
13,532,836.49
7,857,699.13
357,480.00
22,007,467.44
Staff loans
Housing loan
Distress loan
Festival advance
(7.1.1)
(7.1.2)
(7.1.3)
7.1.1 Housing Loan
Mr. R Wickramanayake
372,916.71
78,000.00
450,916.71
-
7.1.2 Distress Loan
Mr. E C Jayalath
Mr. P L S Shantha
Mr. R.D,Premathilake
Mr. Susil Mapatuna
Mrs. N W K M Badrani
Mr. S I Rajapaksha
Mr. M B Amali ChathuriKa
33,333.40
74,999.92
85,416.69
87,500.02
91,666.68
372,916.71
Less - Opening balance difference
372,916.71
7,844.54
167,544.49
84,062.79
259,451.82
7,844.54
7,844.54
629.69
1,289.95
66,666.64
100,000.00
168,586.28
(1,041.79)
167,544.49
7.1.3 Festival Advance
Miss. D D Yamuna Padmini
Mr. Daya Rohana
Mr. W M J Warnasuriya
Mr. Y.W.Sunil
Mr. W A L N Kumara
Mr. R A N Prera
Mrs. G S Ranajani
Mr. G T A Hemantha
Mrs. W.I.Samarasinghe
Mr. H L p Gunawardene
Mrs. N T R de Silva
Mrs. H P D Fonseka
Mr. R.Wickramanayake
Mr. S.I.Rajapaksha
Mrs. N.R.Wickramasinghe
Mr. R.D,Premathilake
Miss. A T P Silva
Mr. G R Pushpakumara
Mrs. G M M de Silva
Mrs. N D C Kottachchi
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
123
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
-
Notes to Financial Statements (Contd.)
2011
Rs.
Mr. J P Samarakoon
Mr. D L Wijetunge
Mr. R P T Tilakasiri
Mr. D S Mapatuna
Miss. S L S Karunaratne
Mrs. C A D S Kandamby
Miss. H M L K Wathupola
Mr. J A Priyantha
Mr. Upul Jayadasa
Mrs.P.B.S .C de Silva
Mrs. T. Balachandra
Mr. M N Amarasinghe
Mr.Y. N. Wickramanayake
Mrs. K A R V Abeywardene
Mr. B L S P Nishantha
Mrs. H M P K Bandara
Mrs. D N.Edirisinghe
Mrs. E A D Sunitha
Mrs. R A . D. T.R.Samaranayake
Mr. C A Wanniarachchi
Mr. R A D R I Perera
Mrs.N.C.Ranasinghe
Mrs. J M D D R R. Jayasekara
Mrs. N A C K Thirmawithana
Miss. B Chithrangani
Mr. N P P S K Pathirana
Mr. D P Weeraratne
Mr. S D R H Fernando
Mr. G K K S Kumara
Mrs. Y M Kasthurisinghe
Mr. A M Chandraratne
Mrs. N W K M Badrani
Mrs. L.I. Kariyawasam
Miss. G S Waduge
Mrs. D M Mayuri Priyangika
Mrs. W M D A warnasuriya
Mr. K A M Priyantha
Mrs. D Ranasinghe
Miss. T.R. Jayathilaka
Mrs. R A W S Rupasinghe
Mr. N K C kiriella
Mrs. A V C Banduwardene
Mr. W M S K Wijebahu
Mrs. M A S A Jayakody
Mr. P.Piyadasa
Mr. S P.Ajith Sathyapala
Mrs. M S Thewarapperuma
Mr. N P K Rajapaksha
Mr. K A P Fernando
Mr. H K Halgamuwa
Mr. H T G S Perera
Mr. L T D Hettiarchchi
Mr. D P wettasinghe
Mr. D P R S Gunasekara
Mrs. R P C P Piyaratne
Miss. P K R S Ariyaratne
Mrs. P D R Renuka de Silva
Miss. H T M D Dinesha
Mrs. W D Nirosha
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
124
2010
Rs.
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
Notes to Financial Statements (Contd.)
2011
Rs.
Mrs. Amali Chathurika
Mr. W A V C L Weerasinghe
Mr. U.Wickramasinghe
Mr. S.P.C.Pradeep
Mr. Saman Manchanayake
Mr. Sarath Premathilaka
Mr. Sunil Premaratne
Mr. M D Sirinanda
Mrs N.K.Dissanayake
Mr. P.L.S.Shantha
Mr. J Seneviratne
Mr. J P D R Wijewardene
Mr. K I Nimal
Mr. Kumari Jayasinghe
Mr. K D sirisena
1,000.00
1,000.00
1,000.00
-
7.2 Trade Debtors
Testing
(7.2.1)
(7.2.2)
(7.2.3)
(7.2.4)
(7.2.5)
(7.2.6)
Training - Internal
Training - External
Consultancy
Customer / Technical services
Other trade debtors
7.2.1 Testing Debtors
Advance Zippers
Alpha Apparels
ALT Frentex Garments finishing (Pvt) Ltd.
American & Efird Lanka (Pvt) Ltd
Antler fabric Printers Ltd
ATG Gloves (Pvt)Ltd
Asian Cotton Mills
Bagya Textiles- K C Nandani
Bairdware Inter Fashion (Pvt) Ltd
B D V Processing (Pvt) Ltd- School Uniform
B D V Processing (Pvt) Ltd - Forces uniform
B D V Processing Ltd - Normal testing
Batapola Handlooms
Brandix Apparel Ltd - FC
Brandix Apparel Ltd - Forces Uniform
Brandix Apparel Ltd - normal Testing
Brandix Intimate Apparels Ltd
Brandix Casualwear Ltd - FC
Brandix Finishing (Pvt.) Ltd
Brandix Textiles Ltd
Broadsword apparels (Pvt) Ltd
Caution Dasinds Saucc Lanka
Central Rubber (Pvt)) Ltd
Civil Security Department
Cliftex Industries Ltd - School uniform
Cliftex Industries Ltd - Forces uniform
Cliftex Industries Ltd - Normal Testing
Coats Thread Exports (Pvt) Ltd
Coats Thread Lanka Ltd
Creative Textile Mills - School Uniform
Crystel Sweaters (Pvt) Ltd
Dept. of Industries (Small Ind. & Textile Ind.)
Department of Government Printing
78,000.00
1,000.00
1,000.00
250.00
1,000.00
1,000.00
250.00
300.00
190.79
400.00
572.00
1,000.00
800.00
1,000.00
300.00
84,062.79
11,485,753.69
5,956,186.20
487,050.00
46,696.08
107,200.00
114,887.75
18,197,773.72
9,482,420.64
3,537,473.20
164,250.00
23,709.20
116,884.00
208,099.45
13,532,836.49
(360.00)
62,146.56
4,112.64
5,610.00
5,152.00
(40.00)
(30.04)
(1,000.00)
242,256.00
16,102.88
537,076.76
22,377.75
4,830.00
1,727.52
4,255.00
(573.00)
1,268.96
6,785.00
33,350.00
468,267.77
1,113,870.00
63,291.84
1,176,896.22
-
125
2010
Rs.
(360.00)
5,152.00
37,953.44
(40.00)
15,065.00
242,256.00
13,843.20
7,267.68
3,576.16
468,300.35
22,377.75
4,830.00
33,093.90
4,255.00
(573.00)
1,268.96
6,785.00
33,350.00
1,899,863.84
239,891.12
10,671.20
1,268.96
7,267.68
29,820.56
2,426.68
Notes to Financial Statements (Contd.)
2011
Rs.
Deputy Inspector general of police
Directorate of Ordnance Services S.L.Army
Duro Synthetic Textile Mills
E.A.M.Maliban Textile
Eco Tex industries Ltd
Eco Tex industries (Pvt) Ltd - Forces uniform
Eskimo Fashion Knitwear
Fashion Coridor (Pvt) Ltd
Fidelity Manufacturing (Pvt) Ltd
Globe Knitting (Pvt) Ltd
G P Garments (Pvt) Ltd
Guan wei Accessories (Pvt)Ltd
Greatwall Thread MFG Co (Pvt) Ltd
Harish Industries - cash testing
Harsha International (Pvt) Ltd
Harsha International (Pvt) Ltd - Forces uniform
Harleys Management Knitting Mills
Hela clothing (Pvt) Ltd
Hela clothing (Pvt) Ltd - FC
Hela marketing & Design Centre
Hele Salu Weawing Mills
Hirdaramani Garments (Pvt) Ltd
Imago Washing (Pvt) Ltd
Industrial Clothing Ltd
Industrial Safety Eq co.Ltd
Industrial Technology Institute
International Apparel Sourcing
International washing (Pvt) Ltd
Isin Lanka (Pvt) Ltd
Janatha Garments Manu. Ltd
John ward ceylon (Pvt) Ltd
Jinadasa Foundation Garments (Pvt) Ltd
lanka Electricity Co Ltd.
Linea Mas (Pvt) Ltd
Loardstar (Pvt) Ltd.
Maghhooras Enterprises
Maghooras Indus. (Pvt) Ltd - School Uniform
Mas Active
Mas Intimates (Pvt) Ltd
Mas Active (Pvt) Ltd - Linea Intimo
Melbourne Textiles Washing Plant (Pvt) Ltd
Mirage industries- Forces Uniform
Mirage industries - Normal Testing
New Kuveni Tex (Pvt) Ltd- D R N Kulasekara
Nimsel Garment Finishers (Pvt) Ltd
Nordex (Pvt) Ltd
North Manufacturing
Noyon Lanka (Pvt) Ltd
Oacianic Knitters (Pvt )Ltd
Ocean Lanka (Pvt) Ltd
Ocse (Pvt) Ltd
Omegaline Ltd
Osprey Clothing (Pvt) Ltd
Oxford dying (Pvt) Ltd
Paradise Toys (Pvt) Ltd
Pasific Trading Network(pvt) Ltd
Pathma Weaving mills - Forces Uniform
Pathma Weaving mills - School Uniform
Pathma Weaving mills - Normal Testing
Pathma Distributors - School Uniform
56,526.40
248,600.40
4,830.00
(2,700.00)
79,282.52
42,383.04
514.34
3,198.72
20,808.00
5,002.50
41,457.50
799.68
18,849.60
54,835.20
(3,959.00)
43,641.80
44,999.21
9,775.00
15,022.56
22,252.50
4,226.88
(115.00)
20,502.00
(100.00)
3,998.40
(750.72)
6,168.96
8,395.00
303,992.00
3,563.56
659,707.23
36,705.60
18,621.12
91,163.52
10,738.56
(11.16)
1,265.00
5,871.04
31,073.28
67,018.08
28,560.00
361,161.88
1,256.64
80.00
47,752.32
39,984.00
-
126
2010
Rs.
248,600.40
4,830.00
(2,700.00)
2,192.56
514.34
5,002.50
41,457.50
28,263.20
14,544.72
89,555.08
44,999.21
9,775.00
22,252.50
3,806.88
17,707.76
(115.00)
2,537.92
(100.00)
25.00
(750.72)
8,395.00
303,992.00
3,563.56
375,080.94
15,688.96
52,142.72
(11.16)
1,265.00
15,951.04
11,766.72
471,238.28
1,268.96
25,033.12
5,768.00
755,261.92
5,075.84
10,959.20
Notes to Financial Statements (Contd.)
2011
Rs.
Pathma Distributors - Forces Uniform
Pathma Distributors - Normal Testing
Penguin Leasurewear (pvt) Ltd
Perks Clothing (Pvt) Ltd
Police Head Quarters
Prym Intimates lanka (Pvt) Ltd
Praba Tex Industries - School Uniform
Praba Tex Industries - Forces Uniform
Praba Tex Industries - Normal Testing
Rajitha Tex
Richard Roberts Kandy (Pvt) Ltd
Rimsy garment
Rhino Consultants and Facilitators
Sanduni Industries
Sarasavi Industries - Forces Uniform
Sarasavi Industries
Scantex (Pvt) Ltd
S.G.S Lanka (Pvt) Ltd
Sirio Ltd
Silueta (Pvt.) Ltd
South Asia Textile Ind. Lanka
Sri Lanka Air Force Headquarters
Sri Lanka Army Headquarters
Sri Lanka Army
Sri lanka Homeguard forces
Sri Lanka Navy Headquarters
Sri Lanka Navy
Sri Lnka Standard Institution
Sri Lnka State Trading (General) Corporation Ltd
Star Textile Processing Industries - Forces Uniform
Star Textile Processing Industries - School Uniform
Star Textile Processing Industries - Normal Testing
Sri lanka Standards Institute
Star Garments
Stretchline (Pvt) Ltd
Superba Textiles (Pvt) ltd - School Uniform
Superba Textiles (Pvt) ltd - Forces Uniform
Superba Textiles (Pvt) ltd
Taraki Garments (Pvt) Ltd
Texlan Lnka Ltd
Texpro Industries Ltd - Forces Uniform
Texpro Industries Ltd - Normal Testing
Texprint Lanka (Pvt) Ltd
Texus lanka (Pvt) ltd
Textured Jersey Lanka Ltd
Trischel Fabrics(Pvt) Ltd
Tristar Apparel Export (Pvt) Ltd
Transscreen (Pvt) Ltd
T & T Fashion- Forces Uniform
T & T Fashion
Unichela (Pvt) Ltd
Union Apparel
Uniwear Sourcing
Uniglory Lanka (Pvt) Ltd
Vanguard Industries (Pvt) Ltd - School Uniform
Vanguard Industries Ltd - Forces Uniform
Vanguard Industries Ltd - Normal Testing
Viking Fashion
Vogue Tex (Pvt) Ltd
Z.M.Vertico(Pvt) Ltd
127
39,984.00
26,128.58
4,226.88
166,025.74
1,534,827.84
451,362.24
83,509.44
162,335.04
58,086.72
7,935.00
15,193.90
(41.56)
132,518.40
5,635.00
613,619.09
(1,100.00)
77,410.90
222,519.16
85,445.32
17,250.00
181,660.34
805.00
32,215.68
(25.92)
501.84
231,343.72
60,661.44
3,655.68
1,313.76
6,968.64
35,700.00
8,106.00
9,574.88
3,105.00
75,184.20
1,784.60
790.00
146,912.64
27,752.32
24,995.00
1,122.00
6,785.00
614,903.96
22,848.00
48,774.88
(600.00)
5,626.32
6,095.00
11,485,753.69
2010
Rs.
92,288.00
26,128.58
55,784.14
957,232.50
13,324.16
39,972.24
54,545.28
7,935.00
60,295.77
52,719.52
5,635.00
600,161.08
(1,100.00)
1,268.96
60,490.00
316,616.02
213,111.16
85,445.32
17,250.00
146,245.94
2,884.00
383,572.00
(13,000.00)
805.00
1,845.76
2,999.36
36,915.20
264,289.76
(6,990.00)
9,574.88
3,105.00
24,537.02
790.00
5,290.00
24,995.00
6,785.00
1,268.96
109,938.08
99,209.60
22,685.60
(600.00)
5,626.32
6,095.00
9,482,420.64
Notes to Financial Statements (Contd.)
2011
Rs.
7.2.2 Training - Internal
Course fees to be received from students
Alpha Apparels Ltd
Al Raha Trading
BAM Knitting (Pvt) Ltd
Benji Ltd
Body Line (Pvt) Ltd
Brandix Textiles Ltd
Brandix Essentials Ltd
Ceylon Knit Trend
CIB Shopping centre
Columbia Sportswear Ltd
Dynamic Clothing(Pvt) Ltd
Euroleather Lanka (Pvt) Ltd
Fashion Line Garment
Hameedia group
Hirdaramani Industries Ltd
Hirdaramani (Industries) Ltd
Hirdaramani Group Embroidary
Jumeriah Lanka
Linea Intimo (Pvt) Ltd
MAS Active (Pvt) Linea Intimo
MAS Active (Pvt)
MAS Intimates
May Department Stores
Nordtex (Pvt) Ltd
Omeg Line Ltd
One Time Training Customers
Pearly Fashion
Perks Clothing
Prym Intimates lanka (Pvt) Ltd
Kash Garments
Rusirumal (Pvt) Ltd.
Silueta (Pvt) Ltd.
Sirio Ltd
Sri Lanka Army
Sri Lanka Air Force
Smart Shirts Lanka Ltd
Smart Shirts (Pvt) Ltd
Textured Jersey (Pvt) Ltd
The Madhatter
Tharaki Garments
Youth Corps
7.2.3 External Training Debtors
Union Apparels Ltd.
JAAF
Harleys ADC Textile Ltd
MAS Designs (Pvt.) Ltd.
Classic Garments (SME)
Colombia Sportswear Co.
Emerald International (SME)
Haleys ADC Textile Ltd
Himaco Garments (SME)
INQ Fashion (SME)
Perks Clothing
Shas Wear (Pvt) Ltd
128
2010
Rs.
4,481,293.00
16,200.00
122,500.00
28,325.00
61,200.00
(2,500.00)
3,600.00
7,650.00
2,500.00
7,650.00
5,000.00
100.00
4,000.00
2,500.00
8,500.00
1,250.00
122,400.00
20,000.00
17,700.00
(250.00)
54,840.00
183,600.00
337,398.20
30,600.00
10,300.00
116,280.00
1,000.00
25,750.00
(3,000.00)
4,000.00
24,300.00
112,900.00
73,000.00
46,350.00
1,250.00
18,000.00
10,000.00
5,956,186.20
2,265,815.00
16,200.00
15,450.00
36,800.00
18,540.00
2,500.00
5,150.00
8,500.00
15,450.00
252,350.00
(250.00)
27,810.00
337,658.20
10,300.00
1,000.00
25,750.00
(3,000.00)
4,000.00
433,100.00
46,350.00
18,000.00
3,537,473.20
36,000.00
20,000.00
6,000.00
102,000.00
3,000.00
(500.00)
8,000.00
20,000.00
10,000.00
30,600.00
24,000.00
36,000.00
(500.00)
20,000.00
6,000.00
3,000.00
8,000.00
20,000.00
10,000.00
-
Notes to Financial Statements (Contd.)
2011
Rs.
Smar Shirts
Smar Shirts Lanka
Selta (Pvt) Ltd
Lanka Garments Mfg. Co Ltd
Loadstar (pvt) Ltd
19,250.00
214,200.00
20,000.00
7,500.00
(9,000.00)
487,050.00
7.2.4 Consultancy
J C R Garments
Department of Health services
Min. of Social Welfare protct. & Children Con.
Melbourn textiles Washing Plant (Pvt) Ltd
Polic Headquarters
Sri Lanka Customs
3,500.00
1,730.40
9,250.00
18,506.88
13,708.80
46,696.08
7.2.5 Customer Services
Quality Collection Ltd
Aitken Spence Garments (Pvt) Ltd
Satellite Garments Ltd
Samson Exports Ltd
MAS Designs Ltd
Daylan (Pvt.) Ltd
Supply Room (Pvt) Ltd
W W Group Colombo Ltd
Rainbow Garments
Jaqualine Clothing Ltd
Peak Textiles Ltd
Rukshaa (Pvt) Ltd
Perk Clothing
Fidelity Manufacturing( (Pvt) Ltd
Lak Fashion
Classic Garments
Rino Consultants
Sha Lanka Apparel
Tharaki Garments
Mvee's Exports Ltd.
Vougue Tex (Pvt) Ltd
7.2.6 Other Trade Debtors
Bearfoot (Pvt) Ltd
Fidelity Manufacturing (Pvt) Ltd
Forte Healthcare (pvt )ltd
MAS Active (Pvt) Linea Intimo
MAS Design
MAS Intimates (Pvt.) Ltd
MAS cap team
Orients Garments Ltd Sam-yeing
Sri Lanka Air Force Headquarters
Sri Lanka Army Headquarters
Sri Lanka Chamber of Garment Exporters
Special Task Force
Textured jersey lanka (Pvt) Ltd
Unichella (Pvt.) Ltd - Dyed sample
129
2010
Rs.
19,250.00
20,000.00
7,500.00
(9,000.00)
164,250.00
3,500.00
1,730.40
9,250.00
9,228.80
23,709.20
270.00
4,410.00
350.00
2,400.00
2,900.00
2,300.00
4,000.00
1,550.00
20,260.00
1,750.00
28,667.50
540.00
4,000.00
420.00
3,492.50
17,650.00
(1,050.00)
12,240.00
1,050.00
107,200.00
10,564.00
270.00
170.00
4,410.00
350.00
2,400.00
2,900.00
2,300.00
4,000.00
1,550.00
20,260.00
1,750.00
28,667.50
540.00
4,000.00
420.00
3,492.50
17,650.00
(1,050.00)
12,240.00
116,884.00
2,500.00
200.00
3,240.00
500.00
34,300.00
46,540.00
800.00
8,625.00
12,000.00
3,300.00
2,882.75
114,887.75
2,500.00
200.00
3,240.00
51,500.00
34,300.00
57,870.50
8,625.00
5,191.20
4,500.00
12,000.00
25,290.00
2,882.75
208,099.45
Notes to Financial Statements (Contd.)
2011
Rs.
7.3
2010
Rs.
Sundry Debtors
Ministry of Industrial & Commerce (PIP)
Staff Training
Miscellaneous advance
Salary advance for communication
Vat receivable
F/D interest receivable
Over payment to be received from Soft Logic (Put) Ltd
8,050,000.00
28,800.00
16,392.76
1,253.27
290,441.19
120,085.00
29,040.00
8,536,012.22
7,800,000.00
40,450.05
20,937.76
(3,688.68)
7,857,699.13
7.4 Deposits
250,000.00
75,000.00
12,000.00
150.00
330.00
20,000.00
357,480.00
Electricity Board deposit
R.L.Fernando-Fuel deposit
Oxygen & Acytesity cylinder
Director of Telecom
Business Machine Co. Ltd
Dialog Telecom PLC roaming facility
8
Payments in Advance
Insurance - Medical
Insurance- Motor vehicles
Insurance - Fire & other
Insurance - Money in transit
Service Contracts - Generators
Service Contracts - Computers
Service Contract - Office Equipment
Vehicle License
Telecommunication
Subscription for Periodicals
QC Lab expenditure - accreditation
9
250,000.00
75,000.00
12,000.00
150.00
330.00
20,000.00
357,480.00
172,709.84
215,364.91
2,768.99
13,750.00
22,752.50
14,525.14
1,384,868.39
1,826,739.77
165,588.55
59,282.56
188,562.85
1,811.51
5,922.50
250,703.30
8,703.51
10,503.14
126,864.00
126,452.88
944,394.80
43,748,975.81
43,748,975.81
38,750,625.49
6,500.00
38,757,125.49
42,533,840.84
1,215,134.97
43,748,975.81
37,270,636.22
1,457,379.48
10,647.51
11,962.28
38,750,625.49
Cash & Cash Equivalents
Cash in bank
Cash in hand
(9.1)
(9.2)
9.1 Cash at Bank
Bank of Ceylon -Ratmalana(A/C 9521019)
Bank of Ceylon Ratmalana Foreign Currency
Peoples Bank - Ratmalana ( Current A/C)
Peoples Bank - Ratmalana ( Savings A/C)
9.2 Cash in Hand
Stamp imprest
-
6,500.00
6,500.00
10 Trade & Other Payables
(10.1)
(10.2)
(10.3)
Trade creditors
Accrued expenses
Provisions & sundry creditors
10.1 Trade Creditors
Advance course fees reeived from students
130
595,380.00
4,306,939.07
1,552,554.73
6,454,873.80
495,580.00
3,311,677.76
1,211,968.69
5,019,226.45
595,380.00
595,380.00
495,580.00
495,580.00
Notes to Financial Statements (Contd.)
2011
Rs.
2010
Rs.
10.2 Accrued Expenses
Casual wages & allowance for trainees
Staff payment for week end
Staff payment for consultancy
Audit fees
Transport
Salaries & wages
Cost of living allowance
Staff training
Encashment of unutilized medical leave
Stamp duty
Repairs &Maintenance of Furniture & Fittings & Equ.
Repairs &Maintenance of Land & Building
Repairs & Maintenance of Motor Vehicles
Repairs &Maintenance of Lab Equipment
Repairs &Maintenance of Computers
Repairs &Maintenance of Machinery
Repairs & Maintenance of Generator
Overtime
Traveling & subsistence
External lecturer fee
Utility service (Water)
Electricity
Security charges
Communication services
Fuel for vehicles & generator
Medical scheme labour welfare
Janitorial services
Expenses on gaze testing
Stationery
Insurance
Advertisement charges
Training course expenses
Divineguma programme
Miscellaneous expenses (Other service charges)
Welfare society
Accreditation & certif. fees
Purchase of consumables
Publications
Refreshment expenses
Postage
Legal Fees
Economics services tax
Accreditation & certif.. fees
Computers
Productivity Improvement Project
Furniture & Fittings & Equipment
Motor vehicles
Buildings
84,983.38
270,025.74
62,580.00
28,556.25
8,250.00
5,703.00
81,773.80
29,267.07
20,130.00
5,406.00
232,929.20
31,200.00
63,133.33
13,715.98
771,275.00
128,027.05
71,271.30
96,480.16
149,632.94
106,239.51
1,950.00
100,720.00
18,804.69
55,262.00
7,400.00
124,000.00
25,200.00
338.00
4,875.00
282,365.62
168,634.05
1,256,810.00
4,306,939.07
131
75,083.38
367,316.91
40,200.00
396,137.75
5,250.00
5,086.04
241,763.80
2,350.00
305,263.32
163,114.83
24,500.00
6,750.00
16,352.34
128,576.50
84,960.00
58,775.18
51,359.00
53,919.66
149,573.96
10,175.00
32,627.50
40,272.00
4,320.00
19,092.50
50,000.00
130,825.00
125,000.00
21,000.00
59,639.41
316,648.24
98,100.00
69,750.08
89,934.06
67,961.30
3,311,677.76
Notes to Financial Statements (Contd.)
2011
Rs.
2010
Rs.
10.3 Provisions & Sundry Creditors
Provision for audit fees
Fuel payable - SME
Alumini Association
Treasury Bill interest received in advance
NBT Payable
VAT payable
Consultancy advances
Receivable from Productivity Improvement Prog.
Contri, received for SDC programe
Duties & taxes (P.A.Y.E)
Canteen tender deposit
Bid security
Refundable tender deposit
Building tender deposit
(10.3.1)VAT payable
VAT payable
Less - VAT receivable
(10.3.1)
549,079.12
55,810.00
500.00
208,682.73
655,685.88
4,500.00
10,485.00
312.00
10,000.00
17,500.00
10,000.00
30,000.00
1,552,554.73
673,170.00
55,810.00
500.00
62,813.74
93,602.36
198,760.67
4,500.00
72,326.92
10,485.00
10,000.00
30,000.00
1,211,968.69
946,127.07
290,441.19
655,685.88
489,201.86
290,441.19
198,760.67
11 Provision for Gratuity
Balance as at the beginning of the year
Less - Payments for the year
Provision for the year
Balance at the end of the year
20,595,948.00
(1,292,963.75)
19,302,984.25
3,448,731.13
22,751,715.38
16,864,572.50
(1,603,270.00)
15,261,302.50
5,334,645.50
20,595,948.00
(251,515,430.89)
(243,104,227.30)
12 Accumulated Surplus/(Deficit)
Profit Brought Forward
Prior Year Adjustments for event occurred after balance sheet
date
Cancelled cheques (2007/2008)
Non re-imbursed PIP Expenses
Pirith chanting ceremony ( Settlement of advance 2010)
Credit note issued for 2010
Bonus payment for 2010
(19,102.00)
(97,414.56)
(92,000.00)
Web site maintenance charges
(1,250.00)
VAT Adjustments
Under stated gratuity provision on CLA , as per instruction of
Commissioner of Labour
(2,426.68)
(665,731.25)
Over estimation of accrued expenses
86,536.45
Under stated postage in 2009
(6,500.00)
Written off amount of advance payment for ICT unit in 2008
Tender deposit
Loans & Festival advance adjustments
Over stated depreciation
Under Stated accrued expenses
Deficit for the year
132
(200,000.00)
10,054.51
(40,580.06)
15,060.50
12,385.70
500.00
(3,940.64)
(4,269.89)
735,000.00
(0.01)
(251,782,259.58)
(3,334,684.05)
(255,116,943.63)
364,108.55
(27,585.83)
(242,774,553.82)
(8,740,877.07)
(251,515,430.89)
Notes to Financial Statements (Contd.)
2011
Rs.
13
2010
Rs.
Govt.Contributions & Foreign Aid
Capital Grant From Government
Handloom Dye centre project
Assets Transferred by the ministry
Local Donations - Bodyline (Pvt) Ltd
Foreign grant
240,731,359.65
2,234,096.52
50,043,791.25
291,081.27
99,276,267.22
392,576,595.91
210,731,359.65
8,000,000.00
50,043,791.25
291,081.27
99,276,267.22
368,342,499.39
15,485,218.74
15,485,218.74
15,485,218.74
15,485,218.74
43,941,457.97
24,563,773.53
952,985.00
100,000.00
1,079,910.75
1,210,704.71
3,062,894.97
1,012,500.00
2,209,924.75
78,134,151.68
36,321,111.17
20,199,519.08
1,441,200.00
42,000.00
189,903.00
2,622,192.80
3,430,296.74
14 Revaluation Reserve
Balance as at 1-1-2011
Balance as at 31/12/2011
15 Operating Income
Testing
(15.1)
Training
Consultancy services
Seminars
Customer / Technical Services & other sales
Other income
Profit from Productivity Improvement programme
Profit from SME programme
Gain on Sale of property plant and equipment
(15.2)
(15.3)
(15.4)
(15.5)
23
15.1 Testing
Normal testing
64,246,222.79
21,780,688.67
13,979,973.56
School uniforms
16,453,984.00
13,202,700.00
Forces uniforms
6,147,200.00
9,405,100.00
(440,414.70)
43,941,457.97
(266,662.39)
36,321,111.17
9,852,658.34
9,250,953.43
1,448,411.76
4,011,750.00
24,563,773.53
9,086,000.00
7,818,209.58
3,295,309.50
20,199,519.08
67,263.18
10,757.38
112,115.19
473,920.30
300.00
(28,467.90)
20,006.16
348,115.29
3,672.00
36,000.00
64,510.00
19,413.11
83,100.00
1,210,704.71
65,050.00
12,986.51
56,227.72
565,856.26
1,700.00
136,797.80
107,400.00
16,250.00
13,500.00
7,009.16
850,000.00
577,624.82
25,290.00
36,000.00
57,500.00
66,000.53
27,000.00
2,622,192.80
less - Discounts given-Testing
15.2 Training
Week Day Training
Week End Training
External Training
SME Training
15.3 Other Income
Miscellaneous income
Savings A/C interest
Fixed Deposit interest
Treasury Bills interest
Students registration fee
Foreign exchange gain/loss
Seminar Hall Hiring charges
Auditorium hiring charges
Specification charges
Loan Interest
School uniform moni. & insp. charges
Transport charges (PIP and Others)
Transport charges - Textured Jersey programme
Administration charges on refund of course fees
Canteen rental
Sale of Garments at Dayata Kirula Exhibition
Third Country Training Programmme
Unidentified credit to bank
Tender deposits/document Fees
133
(15.3.1)
Notes to Financial Statements (Contd.)
2011
Rs.
15.3.1 Miscellaneous Income
Sales - Work diaries
- Training programmes
- Old tires, News papers Etc
Photocopy charges
Exam fees
Duplicate certificates
Other
7,200.00
6,400.00
50,357.50
1,200.00
2,105.68
67,263.18
15.4 Profit from Productivity Improvement Progarmme
Funds received from The Government
Received from factories
Previous year adjustment
Less- Expenditure
Electricity
Week-end payments travelling Etc.
Salary, CLA,EPF,ETF & allowances
Lecture fee
Refreshments & Tea expenses
Transport cost
Telephone bills
Telephone allowances
Stationery
Advertisements
Repairs & maintenance of equipment
GSD practitioner license course fee
GSD Licen
Salary deposited in the labour court
Accommodation fee ( OUT Bound/ Training)
Purchase of consumable items & other expenses
Less - Total expenditure
Profit for the period
13,700,000.00
280,000.00
399,624.21
1,274,744.67
5,742,304.81
24,300.00
53,366.00
2,221,958.35
19,960.05
107,000.00
157,645.64
23,546.50
440,490.34
160,762.38
420,000.00
22,517.00
16,212.00
11,084,431.95
279,298.70
1,523,384.76
6,221,930.07
56,295.00
1,969,710.00
20,689.03
182,000.00
174,115.70
52,250.00
58,300.00
11,730.00
10,549,703.26
3,062,894.97
3,430,296.74
development programme
5,000,000.00
71,750.00
5,071,750.00
Less- Expenditure
Amount transferred to training income
Allowance paid to co-ordinator
4,011,750.00
47,500.00
Less - Total expenditure
Profit for the period
4,059,250.00
1,012,500.00
134
7,000.00
90.00
400.00
36,300.00
1,900.00
10,960.00
8,400.00
65,050.00
13,800,000.00
275,000.00
72,326.92
14,147,326.92
15.5 Profit from Small and Medium Enterprises (SME)
Funds received from The Government
Received from factories
2010
Rs.
13,980,000.00
Notes to Financial Statements (Contd.)
2011
Rs.
16
Personal Emoluments
Salaries & wages (Including interim allowance)
Cost of Living Allowance
EPF
ETF
Acting allowance
Allowance to chairman
Casual wages / Allowance to trainees
Overtime
Week-end payments
Encashment of Unutilized medical leave (Provision)
Consultancy fee (assignment fee)
Consultancy incentives
Bank loan interest expenses (Staff)
Gratuity Provision
17
2010
Rs.
23,287,894.34
5,737,803.10
3,207,703.79
801,961.88
202,682.50
230,000.00
78,240.59
2,547,403.94
3,001,733.14
116,468.75
23,954.00
8,057.96
2,782,999.88
42,026,903.87
22,030,013.66
5,177,203.13
2,636,033.28
658,881.75
88,952.00
86,100.00
1,897,041.92
2,359,101.11
422,485.81
137,800.50
29,098.67
5,334,645.50
40,857,357.33
436,209.00
-
320,260.50
123,451.90
436,209.00
443,712.40
1,242,909.51
357,360.34
2,764,481.70
1,200,803.11
1,333,327.69
6,898,882.35
1,061,425.15
82,935.24
471,819.40
1,321,577.03
905,693.45
3,843,450.27
591,886.47
1,197,244.34
1,789,130.81
546,221.30
1,242,909.51
515,259.47
1,138,052.15
1,653,311.62
591,886.47
1,061,425.15
451,221.34
451,221.34
93,861.00
357,360.34
534,156.58
534,156.58
451,221.34
82,935.24
3,473,123.19
1,888,513.88
5,361,637.07
2,597,155.37
2,764,481.70
2,633,222.73
1,311,719.86
3,944,942.59
3,473,123.19
471,819.40
Traveling
Local
Foreign
18 Supplies and Consumables
(18.1)
(18.2)
(18.3)
Stationery & office requisites
Training Materials
Other consumables
Accreditations & certification fees
Fuel for vehicles & generator
18.1 Stationery & Office Requisites
Stock as at beginning of the year
Add -Purchases during the year
Less - Stock as at end of the year
18.2 Training Materials
Stock as at beginning of the year
Add -Purchases during the year
Less - Stock as at end of the year
18.3 Other Consumables/ QC Lab Materials
Stock as at beginning of the year
Add -Purchases during the year
Less - Stock as at end of the year
135
Notes to Financial Statements (Contd.)
2011
Rs.
2010
Rs.
19 Repairs and Maintenance
Land & Buildings
Motor Vehicles
Furniture & Fittings and Equipment
Lab Equipment
Plant & Machinery
Computers
Generator
(19.1)
19.1 Maintenance of machinery
Stock as at beginning of the Year
Spare Parts purchases during the year
Repairs & maintenance
Less - Stock as at end of the year
Transferred to Maintenance of Machinery
1,040,921.32
1,107,066.95
179,455.05
149,471.75
353,015.17
422,883.32
68,913.70
3,321,727.26
329,382.55
682,186.39
93,800.98
167,972.47
301,293.56
260,359.73
417,146.82
2,252,142.50
1,948,015.54
94,700.29
258,314.88
2,301,030.71
1,948,015.54
353,015.17
1,948,015.54
301,293.56
2,249,309.10
1,948,015.54
301,293.56
20 Contractual Services
Insurance
212,451.53
316,952.96
Security charges
1,631,659.46
1,173,120.00
Janitorial services
1,190,045.46
1,778,898.68
Electricity
5,968,179.32
4,829,227.67
Water (Utility services)
357,794.12
301,531.36
Communication services
784,521.06
709,644.59
Postage
Advertising
Transport charges
65,178.00
46,985.00
521,740.00
293,030.60
675,750.00
11,407,318.95
427,450.00
9,876,840.86
21 Other Operating Expenses
Visiting lecturer fees
Audit fees - provision for the year
Training courses expenses
Miscellaneous expenses
Staff Training - Local
Staff Welfare - Tea Expenses
Staff Medical scheme labour welfare
Welfare society
Bank charges
Class room hiring charges
Entertainment expenses
Fees to Board of Governors
Exhibition expenses
Stamp duty
Other expenses on consultancy
Provision for bad debtors
Divi Neguma programme
Expenses of gauze testing
Economic services charges
Certificate award ceremony
Exp. For testing of school uniform material
Surcharge
(21.1)
21.2
136
1,051,856.67
150,000.00
344,897.31
215,400.98
203,950.00
288,230.00
820,872.87
50,000.00
7,207.24
148,000.00
478,684.54
9,675.00
213,996.30
59,828.00
77,950.00
42,020.00
22,915.47
-
470,592.00
150,000.00
285,919.32
254,113.24
108,606.25
238,059.00
693,633.31
50,000.00
8,462.48
29,000.00
168,699.71
19,075.00
4,500.00
218,328.75
40,975.00
148,095.21
217,525.67
23,811.00
311,686.71
Notes to Financial Statements (Contd.)
2011
Rs.
Withholding Tax
Promotional activities
Allowance to TEC and MTB Members
Legal fee
Allowance to Audit & Management committee
Professional membership fees - Officers/ Institute
Annual subscription fees
SME Project expenses
Refreshments
QC Lab assignment fee
Publication & magazines
15,540.00
40,000.00
36,000.00
39,787.04
68,198.32
84,118.60
171,653.40
4,640,781.74
2010
Rs.
2,936.00
2,091.00
18,500.00
61,000.00
40,340.26
47,912.41
93,893.48
62,372.00
4,800.00
490,781.61
4,265,709.41
21.1 Miscellaneous Services
News paper bills
Labour charges
Overalls
Identity cards
Pirith ceremony
Laundry charges
Garbage removal charges
Shoes & slippers
Translation Fees - annual report & others
Vehicle parking fee (BOI)
Medicine/Medical treatment for students
Book Binding
Payment for tender boards
Sinhala new year festival
Contribution for "Unduvapsara" concert
Other Expenses
18,280.00
1,750.00
23,380.00
4,505.00
8,914.44
29,308.00
2,835.00
3,651.37
18,510.00
16,750.00
10,000.00
20,000.00
57,517.17
215,400.98
21.2 Certificate Award Ceremony
Receipts
Receipts from Well-wishers
Contribution received from students
Contribution received from Mobitel
18,970.00
29,700.00
15,866.46
43,150.00
146,426.78
254,113.24
380,500.00
255,000.00
150,000.00
785,500.00
Less :- Payments
Newspaper supplementary
Souvenir charges
Invitation cards
Compeering charges
Transport
Cloak hiring charges
Hall & Refreshments charges
Designing Artwork for paper supplementary Etc.
Camera Video Mixer 4 nos.LCDS
Other overheads
Photographs
Meddles
Certificates
Expenditure incurred by the Institute
137
226,000.00
35,000.00
18,500.00
10,000.00
3,500.00
16,200.00
458,144.00
79,255.52
65,000.00
19,816.15
57,225.00
9,000.00
5,385.00
1,003,025.67
(217,525.67)
Notes to Financial Statements (Contd.)
2011
Rs.
2010
Rs.
22 Depreciation
Building
Computers
Furniture ,Fittings & equipment
Motor Vehicles
Plant & Machinery
Industrial sewing machinery
Lab Equipment
Video Programmes
Books & Periodicals
23
1,293,851.45
2,138,894.31
1,376,327.19
934,742.05
714,290.57
1,727,536.31
4,171,234.54
68,013.75
312,122.39
12,737,012.56
Profit/(Loss) on disposal of fixed assets
Furniture ,Fittings & equipment
Cost price
2,708,901.58
Less - Accumulated depreciation
Sale proceed
2,707,371.58
1,530.00
312,549.92
Profit / (Loss)
311,019.92
Computers
Cost price
6,354,720.90
Less - Accumulated depreciation
Sale proceed
6,354,720.90
0.00
31,594.52
Profit / (Loss)
31,594.52
Plant & Machinery
Cost price
8,000.00
Less - Accumulated depreciation
Sale proceed
8,000.00
0.00
1,333.33
Profit / (Loss)
1,333.33
Industrial Sewing machinery
Cost price
519,357.44
Less - Accumulated depreciation
Sale proceed
429,357.44
90,000.00
212,995.00
Profit / (Loss)
122,995.00
Motor Vehicles
Cost price
3,712,565.00
Less - Accumulated depreciation
3,712,565.00
0.00
1,557,500.00
1,557,500.00
Sale proceed
Profit / (Loss)
Sale proceed from discarded items
185,481.98
Total profit from sale of assets/discarded items
138
2,209,924.75
2,145,229.81
1,600,636.89
6,541,332.74
1,863,000.00
667,772.49
1,730,536.31
4,006,803.12
38,326.25
354,249.48
18,947,887.09
PERFORMANCE INDICATORS
Earnings per Employee
1000
814
756
800
Rs'000
691
716
584
600
400
200
0
2007
2008
2009
2010
2011
Year
Recurrent Expenditure
76.1
72.4
80
68.7
63.6
61.5
70
Rs.Mn.
60
50
40
30
20
10
0
2007
2008
2009
2010
2011
Year
Income as a % of Recurrent Expenditure
(Excluding depreciation)
112.1
103.7
120
114.0
104.4
93.7
100
80
60
40
20
0
2007
2008
2009
2010
2011
Year
Funding Recurrent Expenditure
100
85.3
78.1
75.1
80
Rs.M n.
%
59.6
64.2
60
40
20
0
2007
2008
139
2009
2010
Year
2011
REPORT ON FINANCIAL STATEMENTS
Income
Income
The Institute has recorded a total
100
annual income of Rs. 78.1 Mn.
which
the year
is
under review
increase
of
21.6%
Rs.Mn.
during
85.3
78.1
75.1
80
59.6 64.2
60
40
20
compared to year 2010.
0
2007
2008
2009
2010
2011
Year
Operating Income
88.9% of the
Consultancy
total
Services
operating
while
income is generated by Testing, Training and
the
balance 3.05% is contributed by
sources such as Investing Interests,
seminars, technical services and
Operating Income
PIP, SM E,
Profit from
Disposal of
Fixed Assets,
8%
O thers,
3.8%
Training,
31%
Consultancy
1.2%
miscellaneous activities and 8.05%
from the profit of the Productivity
Improvement
Programme,
SME
Testing,
56%
programme and profit from sale of
fixed assets.
However, testing continues to be the main income earner over the
years contributing of the total income in the current year.
Testing Income
Testing Income
43.94
44.10
45
the
year,
testing
has
40
generated an income of Rs. 43.94
35
30
Rs.Mn.
During
Mn. through 43,941 tests from
34.78
34.00
36.30
25
20
15
10
7,989 samples by the Institute,
which
resulted
in
an
5
-
income
2007
2008
2009
Year
increase of 21% compared to year
2010.
140
2010
2011
Client Analysis
Government
Forces,
21.0%
School
Uniform,
7.0%
Corporate
Clients,
72.0%
Training and Consultancy
Training is one of the key services provided by the Institute. In the year 2011,
Institute records the total
Training Income
number of Trainees as
33.87
40
1,790 and total number
35.75
33.53
35
of Training Programs as
Total
training
income generated in the
Rs.Mn.
151.
20
15
10
amounts to Rs.24.56 Mn.
0
under
5
2007
compared to Rs. 20.2 Mn.
earned
in
2010.
24.56
25
review
year
22.61
30
2008
2009
2010
2011
Year
This
increase of 21.5%, compared to year 2010.
Income from Consultancies has decreased by Rs. 0.48 Mn. showing decrease of 34%
compared to previous year.
141
Income from Other Sources
Other income sources which has contributed to 3.8% of the total income comprises
mainly of Investment Interest (24%), School Uniform Inspection Charges (35%),
Transport Charges (15%). Balance 26% contribution is made from Miscellaneous
activities such as Dry Cleaning, Sample Dying, Canteen rent and sale of T-shirts at
Deyata Kirula Exhibition, Foreign exchange gains etc.
Expenditure
2011
2010
78.13
64.25
Admin. and General Expenditure
(47.10)
(45.57)
Operating and Maintenance Expenditure
(21.63)
(15.97)
Net Surplus/ (Deficit) before Depreciation
9.40
2.71
(12.74)
(18.95)
-
7.50
(3.34)
(8.74)
Operating Income
Less:
Less:
Depreciation for the year
Government Grant for Recurrent
Net Surplus/ (Deficit) after Depreciation
Total recurrent expenditure incurred during the year is Rs. 68.73 Mn. compared to
Rs. 61.54 Mn. of previous year. This indicates a increase of 11.7 %.
Recurrent expenditure consists of Admin. and General Expenditure and Operational
and Maintenance Expenditure.
The excess of Rs 9.40 Mn. before depreciation further indicates the decrease of
deficit Rs.3.34 Mn. after charging the depreciation of Rs. 12.74 Mn. for the year.
142
Financial Structure
Property, Plant and Equipment consists of a net value of Rs. 84.47 Mn. Total
investment during the year is Rs. 22.01 Mn. for Modification of Building, Furniture
and Fittings, Plant and Machinery, Lab Equipment, Purchase of Motor Vehicles etc.
The Institute received a Treasury Allocation for Capital Grant of Rs.30 Mn. and Rs. 3
Mn. has been received for Handloom Dye Centre Project during the year 2011.
Current Assets have increased from Rs. 68.17 Mn. to Rs. 78.30 Mn. Cash and Cash
equivalent has increased by Rs. 4.99 Mn.
Liquidity Ratio (ie. Current assets to Current liabilities) is 9 times compared to 12
times of previous year.
Equity and Reserves balance before charging loss accumulated has changed during
the year. Equity and Reserves has increased by Rs. 20 Mn. compared to previous
year, after charging the brought forward accumulated loss of Rs. 255 Mn.
143
144
145
146
147
148
149
150
151
152
153
154