Investor Presentaiton

CA T THE INSTITUTE OF CHARTERED ACCOUNTANTS OF SRI LANKA LKAS 1- Presentation of Financial Statements 27th June 2012 Entity shall disclose the amounts expected to be recovered or settled after more than twelve months for each asset or liability line item Is it the same for Financial Institutions? When it comes to financial institutions' financial statements this is achieved through maturity analysis since there is no current/non current segregation on the face of the balance sheet For entities with diverse operations Entity is permitted to present some of its assets and liabilities using a current/non-current classification and others in order of liquidity when this provides information that is reliable and more relevant. SLFRS 7 Financial Instruments: Disclosures requirement Disclosure of the maturity dates of financial assets and financial liabilities. Operating cycle trade payables and some accruals for employee and other operating costs, are part of the working capital used in the entity's normal operating cycle. An entity classifies such operating items as current liabilities even if they are due to be settled more than twelve months after the reporting period. In the event of breach of a long-term loan arrangement An entity classifies the liability as current because, at the end of the reporting period, it does not have an unconditional right to defer its settlement for at least twelve months after that date. CA T THE INSTITUTE OF CHARTERED ACCOUNTANTS OF SRI LANKA LKAS 1- Presentation of Financial Statements 27th June 2012 Scope of the Presentation 17 ⚫ INFORMATION TO BE PRESENTED IN THE STATEMENT OF FINANCIAL POSITION OR IN THE NOTES An entity shall disclose the following, either in the statement of financial position or the statement of changes in equity, or in the notes a) for each class of share capital: I. the number of shares authorised II. the number of shares issued and fully paid, and issued but not fully paid III. par value per share, or that the shares have no par value; IV. a reconciliation of the number of shares outstanding at the beginning and at the end of the period V. the rights, preferences and restrictions attaching to that class including restrictions on the distribution of dividends and the repayment of capital VI. shares in the entity held by the entity or by its subsidiaries or associates; and VII. shares reserved for issue under options and contracts for the sale of shares, including terms and amounts; and b) a description of the nature and purpose of each reserve within equity 18 Scope of the Presentation 9

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