Page 59 - CPM Sri Lanka ANNUAL REPORT 2022
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Report of the
Financial
Milestones Financial Governing Governing Committees Operational Financial
Highlights
Statements
Review
Statements
Structure
Council
CPM Sri Lanka | Annual Report 2021-2022
9.2 TAX RECONCILIATION STATEMENT
2022 2021
Rs. Rs.
Interest income 905,706 853,510
Investment income 905,706 853,510
Total assessable income 905,706 853,510
9.2 TAX RECONCILIATION STATEMENT (Contd.)
2022 2021
Rs. Rs.
Deduction from Assessable Income
Qualifying payments - -
Taxable income 905,706 853,510
Tax on interest income at 14% 126,799 119,491
Total income tax payable 126,799 119,491
10. RELATED PARTY TRANSACTIONS
10.1 TRANSACTIONS WITH KEY MANAGEMENT PERSONNEL
The Institute considers its Governing Council as the “Key Management Personnel” of the Institute. Compensation paid to
key management personnel of the Institute during the year as follows:
2022 2021
Rs. Rs.
Defined contribution plan Nil Nil
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