Financial Statements

STATEMENT OF CHANGES IN EQUITY

Year ended 31 July Revaluation
reserve
LKR
Accumulated
reserve
LKR
Total

LKR
Balance as at 1 August 2018 863,133,768 1,227,906,673 2,091,040,441
Net surplus for the year – (7,615,265) (7,615,265)
Released during the year on leasehold rights (634,941) 634,941 –
Balance as at 31 July 2019 862,498,827 1,220,926,349 2,083,425,176
Net surplus for the year – 124,821,365 124,821,365
Revaluation surplus on property, plant and equipment – Net of tax 362,782,836 – 362,782,836
Released during the year on leasehold rights (634,941) 634,941 –
Balance as at 31 July 2020 1,224,646,722 1,346,382,656 2,571,029,377

The Accounting Policies and Notes on pages 78 through 94 form an integral part of the Financial Statements.