Page 59 - CPM_2020_Annual_Report_A4

CPM Sri Lanka | Annual Report 2019/20 57

NOTES TO THE FINANCIAL Computer Furniture Telephone Total
STATEMENTS Rs. Rs. Rs. Rs.
As at 31 March,
4 Equipment

Cost
Balance at the beginning of the year 314,814 196,078 4,255 515,147

Additions during the year 332,810 45,810 - 378,620
Balance at the end of the year 647,624 241,888 4,255 893,767

Accumulated depreciation

Balance at the beginning of the year 293,463 160,186 3,884 457,533
Charge for the year 25,297 21,939 371 47,607

Balance at the end of the year 318,760 182,125 4,255 505,140

Carrying value
As at 31 March 2020 328,864 59,763 - 388,627

As at 31 March 2019 21,351 35,892 371 57,614

2020 2019
Rs. Rs.

5 Cash and cash equivalents
Cash at bank 260,478 82,555

Cash in hand 78,000 10,000
338,478 92,555

Less: Bank overdraft (416,407) -
Cash and cash equivalents for the purpose of cashflows (77,929) 92,555

6 Accrued expenses

Audit fees 127,507 230,000
Income tax 50,898 10,514

Accounting fees 15,000 7,500
Employees’ Provident Fund 59,433 43,000

Employees’ Trust Fund 8,915 6,450
Annual general meeting 200,000 200,000

Telephone and internet 19,743 10,452
Professional fee - 7,918

Cricket challenge 46,920 -
Office rent 33,000 -