COLOMBO COLTS CLUB

ANNUAL REPORT 2017 COMMITTEE OF MANAGEMENT 2017-2018

Seated L - R: Mr. K. Shakthidasan - Club Captain, Mr. Chaminda Vass - Vice President, Mr. Chaminda Mendis - Vice President, Mr. - President, Mr. Trevor Rajarathnam - Patron Mr. Eastman Narangoda - Vice President, Brig. Shiran Abeysekara - General Secretary, Mr. M. Rathnaharan - Treasurer, Standing L - R: Mr. M. D. Ifthikar - Billard Secretary, Mr. Hemantha Devapriya - Committee Member, Mr. S. K. Ravindran - Committee Member, Mr. Shane Fernando - Ground Secretary, Mr. Nevomal Gunawardana - Asst.Bar Secretary, Mr. Rajeev Munnasinghe - Asst. General Secretary, Mr. Raja Sirisena - Asst.Restaurant and Pavilion Secretary, Mr. Malcom Perera - Cricket Secretary, Mr. Tony Boharan - Restaurant and Pavilion Secretary, Ms. Nirupa Peris - Ladies Cricket Secretary Absent : Mr. Chandika Jayawardana - Asst. Treasurer, Mr. Lester Fernando - Social & indoor Games Secretary, Mr. A,P. Dahanayake - Hockey Secretary, Dr. K. Jeyaratnam - Committee Member, Mr. Sanjaya Attanayaka - Committee Member, Mr. S. Thebuwana - Member, Mr, S. Premkumar - Committee Member • Colombo Colts Cricket Club

NOTICE Notice is hereby given that the 145th Annual General Meeting of the Colombo Colts Cricket Club will be held on Saturday 27th October 2018 at the Main Pavilion of Colts Cricket Club No.17, Park Road, Colombo 05, at 7.00 p.m.

AGENDA

01. Call to Order the 145th Annual General Meeting 02. Two minutes silence to be observed in memory of the members who have passed away 03. Confirmation of the minutes of the 144th Annual General Meeting 04. (a) Tabling and adopting the Annual Report of the activities in the club (b) Tabling and adopting the audited Accounts for the year ended 31st December 2017 05. To consider and adopt the resolutions 06. To elect a Patron and two Vice Patrons for the current year 07. To elect office bearers and members of the Committee of Management for the current year 08. To elect Trustees for the current year 09. To elect Auditors for the current year 10. To elect members to serve on the selection Committee of sports 11. To elect Honorary Life Members if any 12. Any business or motion of which due notice in writing has been given to the Honorary General Secretary at least 14 days before the date of the meeting.

Brigadier Shiran Abeysekera RSP USP MPA Honorary General Secretary Colombo Colts Cricket Club

Note- Rule 9- Arrears ofSubscription Any member in arrears ofsubscription and/or bar dues shall not be entitled to attend Committee or General Meetings nor standfor election to any office

Annual Report 2017 • Colombo Colts Cricket Club

CONTENTS

Corporate Information

About us

Minutes of the 144th AGM

Report of the Executive Committee

Development Activities and Events

Report of the Hon. Pavilion & Restaurant Secretary

Report of the Hon. Bar Secretary

Report of the Hon. Billiard Secretary

Report of the Hon. Cricket Secretary

Colts Cricket Academy

Report of the Hon. Ladies Cricket Secretary

Report of the Hon. Ground Secretary

Report of the Hon. Hockey Secretary

Report of the Hon. Social Secretary

Attendance Summary of the (11) Meetings of the Committee of Management

Staff Related Matters

Conclusion

Financial Report

Annual Report 2017 P a g e 1 P a g e 2 P a g e 3 26 SEPTEMBER 2018

P a g e 4 P a g e 5 P a g e 6 P a g e 7 P a g e 8 P a g e 9 Page 10 Page 11 Page 12 Page 13 Page 14 recognition

Page 15 Page 16 Page 17 Page 18 7

Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 ,

Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 th 7 September 2018

Page 42 FINANCIALREPORT •• • • ••• • •• • •• •• ••• • • •• • •• • • •• • • • •••••••••••••••••••••••••••••••• V. ARIARATNAM F.C.A FSCMA • • • • • • •••••••••• • • •• • • • •••• • •••••••••••••• S. RAVEENDRANATHAN F.C.A • • •• • • ••• • • • • • • •• • •• • • • ••••••••••••••••••••••••• • • • • • • •••••••• •••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••• •••••••••••••••••••••••••••••••••••••••••••••• • • • ••••• •••••••••••••••••••••••••• ••• ••••••••••••••••••••••••••••••••••••••••••••••••••••••••• ••• •••••••••••••••••• • •••••••••••••••••••••••••••• COLOMBO COLTS CRICKET CLUB

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31ST DECEMBER 2017 2016 Notes LKR LKR Income VAT Liable Income Subscription 2,338,433.60 1,562,498.60 Income from Hire 03 15,332,641.00 13,197,450.52 Income from Billiard Board 155,008.65 108,330.78 Income from Bar 15,147,362.05 14,269,160.97 Kitchen Commission 1,796,168.63 1,424,245.22 Income from Annual Functions 04 33,063.06 210,184.09 Other Income 05 1,029,691.40 955,432.10 Cricket Academy 1,565,999.23 1,276,231.96 Corkage 611,022.50 529,265.08 Advertisement Board 217,391.30 38,226,781.42 33,532,799.32 VAT Exempt Income Grants from Sri - Lanka Cricket Board 3,800,000.00 Reimbursement from Cricket Board 9,489,073.00 8,570,150.00 Sponsorship 06 1,433,270.00 2,114,000.00 Interest Income 260,520.46 126,374.58 11,182,863.46 14,610,524.58

Total Income 49,409,644.88 48,143,323.90

Direct Expenses Billiard Board Expenses 07 440,054.64 424,869.51 Bar Working Expenses 08 12,447,466.91 12,447,110.45 Cricket Academy Expenses 09 671,000.00 650,000.00 13,558,521.55 13,521,979.96

35,851,123.33 34,621,343.94

Expenses Ground Rent - Municipal Council 1,101,600.00 1,101,600.00 Rates and Taxes 46,353.96 38,808.00 Staff Expenses 10 6,983,997.44 5,775,584.28 Defined Benefit Plan Cost 219,335.30 295,597.05 Electricity 1,437,938.35 1,301,996.75 Telephone, Fax & Wi-Fi 259,111.55 157,800.59 Security Charges 476,000.00 477,500.00 Water 598,261.45 493,551.53 Web Expenses 6,500.00 6,500.00 Membership Cards 49,730.00 14,697.68 Depreciation 3,650,557.75 2,112,426.70 Balance C/D 14,829,385.80 11,776,062.58

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STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31ST DECEMBER 2017 2016 Notes LKR LKR

Balance B/D 14,829,385.80 11,776,062.58 Other Overheads 11 817,205.50 708,618.77 Audit Fees 75,000.00 63,000.00 Annual General Meeting Expenses 339,048.57 241,834.00 Fines, Penalties & Surcharges 42,441.41 634,690.24 Oeaning Expenses 31,570.00 706,872.00 Repairs and Maintenance 12 3,806,744.35 3,068,271.51 Tournaments and Other Events 13 9,956,499.80 12,401,154.86 Miscellaneous Expenses 14 1,099,987.44 1,148,282.89 Doubtful Receivable 15 491.00 Total Expenses 30,997,882.87 30,749,277.85

Surplu!l{(Deficit) Before Income Tax 4,853,240.46 3,872,066.09

Income Tax 25.1 (201,803.14) (7,529.00)

Surplu!l{(Deficit) of Income Over Expenditure 4,651,437.32 3,864,537.09

-03- 26th September 2018 COLOMBO COLTS CRICKET CLUB

STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31ST DECEMBER 2017 2016 Notes LKR LKR CASH FLOW FROM OPERATING ACTIVITIES Surplus / (Deficit) of Income Over Expenditure 4,853,240.46 3,872,066.09

Adjustments Defined Benefit Plan Cost 219,335.30 295,597.05 Doubtful Balance Written Off 491.00 Welfare Contribution Provision 89,978.33 78,395.84 Depreciation 3,650,557.75 2,112,426.70 Operating Profit Before Changes in Working Capital 8,813,111.84 6,358,976.68

Changes in Working Capital (Increase)/ Decrease in Inventories (1,198,512.05) (880,759.02) (Increase)/ Decrease in Deposits & Other Receivables (18,520.63) 114,980.70 (Increase)/ Decrease in Advances & Other Payables 37,056.42 832,241.83 Increase/ (Decrease) in Trade Payables {430,233.03} 204,456.31 Operating Profit After Changes in Working Capital 7,202,902.55 6,629,896.50 Income Tax Paid (327,366.00) WHTPaid {19,349.85~ po,110.00~ Net Cash in Flow from Operating Activities 7,183,552.70 6,292,420.51

CASH FLOW FROM INVESTING ACTIVffiES Acquisitions of Property, Plant & Equipment (2,331,500.10) (10,128,847.62) Capital Work In Progress {Z0,000.00~ (2,401,500.10) (10,128,847.62)

CASH FLOW FROM FINANCING ACTIVITIES

Net Increase/ (Decrease) in Cash and Cash Equivalents 4,782,052.61 (3,836,427.12)

Cash and Cash Equivalents at the beginning of the Year 2,293,258.97 6,129,686.09

Cash and Cash Equivalents at the end of the Year 7,075,311.58 2,293,258.97

Note-A Fixed Deposits 19.1 9,241,170.61 Cash at Bank 19.2 66,977.36 2,770,016.27 Cashin Hand 19.3 298,243.57 279,905.21 Petty Cash 19.4 94,000.00 69,000.00 9,700,391.54 3,118,921.48 Bank Balance 24 (2,625,079.96) (825,662.50) 7,075,311.58 2,293,258.98

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NOTES TO THE FINANCIAL STATEMENTS

01. General Colombo Colts Cricket Oub was founded in 1873 and the Address of the club is 17, Park Road, Colombo -05.

The objects of the club shall be the encouragement and development of cricket and other branches of sports and social activities.

The club is managed by Committee of Management.

02. Summary of Significant Accounting Policies

02.1.General Accounting Policies

02.1.1. Basis of Preparation These financial Statements presented in Sri Lankan Rupees have been prepared under the historical cost basis, in accordance with generally accepted accounting principles and the Sri Lanka Accounting Standards for Small and Medium sized Entities (SLFRS for SMES) laid down by the Institute of Chartered Accountants of Sri Lanka.

02.1.2. Comparative Information The accounting policies have been consistently applied by the club and consistent with those of the previous year. The previous year's figures and phrases have been re­ arranged wherever necessary to confirm to the current year's presentation.

02.2.Assets &Basis of their Valuation

02.2.1. Property, Plant and Equipment

A. Cost All items of Property, Plant and Equipment are recorded at cost less accumulated depreciation.

B. Depreciation Provision for depreciation is calculated by using diminishing balance basis to write off the cost of the assets over their expected useful life of all property, plant and equipment.

Depreciation is provided on all Property, plant and Equipment from the month the assets are available for use up to the month of disposal.

The principal annual depreciation rates used are as follows: + Buildings, Media Box, Iron Fencing, Sight Screens 5% + Furniture & Fittings 7.5% + Sports Equipment 10% -25%, + Office Equipment, Computers & Printers 10% -25% + Electrical Installation, Bar & Kitchen Equipment & Name Board 10% •:• Water Tank 12.5% •:• Water Filters 25% + Ceiling Fans, Water Pumps, General Equipment 20% + New Kitchen and Equipment & Kitchen Roof 20% + Two Wheel Tractor & CCTV Camera/DVR 20%

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NOTES TO THE FINANCIAL STATEMENTS (CONTD•..... )

C. De- recognition Any time of Property, Plant and Equipment is de-recognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on de-recognizing of the asset is calculated as the difference between the net clisposal proceeds and carrying amount.

D. Inventories Inventories are valued at the lower of cost or net realizable value. Cost is calculated using the First in First out (FIFO) method.

E. Receivable Most sales are made on the basis of normal credit terms, and the receivables do not bear interest.

02.2.2. Cash and Cash Equivalents Cash and cash Equivalents are defined as Cash in Hand, demand deposits and short term highly liquid investments readily convertible to known amounts of cash and subject to insignificant risk of changes in value.

02.2.3. Impairment of Asset Any asset is impaired when it's carrying amounts exceeds its recoverable amount. Impairment test is carried out annually at financial position date. Any Impairment loss is recognized inunediately in the Income Statement.

02.3.Liabilities and Provisions

02.3.1. Liabilities Liabilities stated under current liabilities in the financial position are those expected to fall due within one year from the financial position date. Items stated as long term liabilities are those expected to fall due at a point of time after one year from the financial position date.

02.3.2. Trade and Other Payables Trade Creditors and other payables are stated at their book values.

02.3.3. Employee Benefits Employees are eligible for Employees' Provident Fund Contributions and Employees' Trust Fund Contribution in line with respective statutes and regulations. The club contributes 12% and 3% of gross emoluments of employees to the Employees' provident Fund and to the Employees' Trust Fund respectively.

02.3A. Defined Benefit Plans - Retiring Gratuity A defined benefit plan is a post-employment benefit plan other than a defined contribution plan. The Club's net obligation in respect of defined benefit plan is calculated separately by estimating the amount of future benefit that employees have. Projected Unit Credit Method used to value the retirement benefit obligation. The gains& losses arising from the defined benefit plans are immediately recognized in the comprehensive income.

The assumptions used in the valuation are as follows: •:• Maximum Retirement Age of the employees 80Years + Expected Annual Average Salary Increment 6% + Interest Rate 11.6% •:• Staff Turnover Factor 22%

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NOTES TO THE FINANCIAL STATEMENTS (CONTD•..... )

However the settlement is decided according to the Payment of Gratuity Act, No.12 of 1983. The Liability for payment arises on completion of 5 years continuous service by an employee.

The retirement benefit obligation is not externally funded.

02.4.Taxation

02.4.1. Current Taxes The provision for income tax is based on the elements of income and expenditure as reported in the financial statements and computed in accordance with the provision of the htland Revenue Act No.10 of 2006.

02.S.Statement of Cash Flow Cash Flow Statement has been prepared using the "Indirect Method".

-08- COLOMBO COLTS CRICKET CLUB NOTES TO IBE FINANCIAL STATEMENTS (CONTD... ) 2017 2016 Notes LKR LKR Note:-03 In.come from Hire A/C Room Hire 1,211,869.39 151,229.72 Board Room Hire 413,256.96 227,764.13 Pavilion Hire 191,304.32 284,057.96 Kitchen Outsource Income 1,476,521.69 908,646.65 Ground Income 7,010,941.55 6,620,071.05 Side Net Practice Income 1,715,057.05 1,518,538.20 Rent Income - Airtel 1,119,234.48 1,090,572.35 Rent Income - Mobitel 2,194,455.56 1,976,570.46 Helicopter Landing 420,000.00 15,332,641.00 13,197,450.52

Note:-04 Income from Annual Functions ClubNite 33,063.06 210,184.09 33,063.06 210,184.09

Note:-05 Other Income Non - Member Guest Fees 629,913.10 356,441.54 Sundry Income 399,778.30 598,990.56 1,029,691AO 955,432.10

Note:-06 Sponsorships Mr.Rajkumar 15,000.00 Luxury Brands (Pvt) Ltd 500,000.00 Rockland Distilleries (Pvt) Ltd 375,000.00 Ote:rbium Lanka (Pvt) Ltd 46,000.00 Tapropane Securities (Pvt) Ltd 5,000.00 Mr.Ratnaharan 10,000.00 Mr.S.K Raveendran 3,000.00 Mr.Shakthidasan 50,000.00 Colombo Terminus Consulting (Pvt) Ltd 130,000.00 Mr.Rajeev C. Munasinghe 45,000.00 Mr.E. Narangoda 10,000.00 Ceylon Cold Stores PLC 200,000.00 300,000.00 Link Natural Products (Pvt) Ltd 825,000.00 625,000.00 Ezy Corperation Sl 10,000.00 Royal Markrting 10,000.00 Savoy Paints 10,000.00 Mr.Sanjaya Laksumanage 150,000.00 Sun Ocean Logistic (Pvt) Ltd 10,000.00 Others Sponsorships From Members 218,270.00 1,433,270.00 2,114,000.00

-09- COLOMBO COLTS CRICKET CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTD..• ) 2017 2016 Notes LKR LKR Note :-'17 Billiard Board Expenses Salaries 367,601.43 326,371.75 EPF 44,112.17 39,164.62 ETF 11,028.04 9,791.14 Maintenance & Upkeep 17,313.00 49,542.00 440,()54.64 424,869.51

Note :-08 Bar Working Expenses Cost of Sales Stocks as at Olst January 2017 2,130,790.99 1,250,031.97 Add :- Purchases 10,186,411.33 9,826,568.06 Sundry Purchases 232,005.23 247,009.60 Less :-Stocks as at 31st December 2017 (3,329,303.04) (2,130,790.99) 9,219,904.51 9,192,818.64

Other Expenses Salaries 1,781,147.39 1,697,825.12 Overtime 173,084.86 156,882.92 EPF 213,737.69 203,739.02 ETF 53,434.42 50,934.75 Bar Manager's Telephone Allowance 12,083.33 Bar Manager's Travelling Allowance 12,166.66 Special Allowance 55,000.00 58,250.01 Calypso Band 265,000.00 156,000.00 Bar Maintenance 156,158.00 56,410.00 Bar License 530,000.04 850,000.00 3,227,562.40 3,254,291.81

12,447,466.91 12,447,110.45

Note :-09 Cricket Academy Expenses Coaching Fees 671,000.00 650,000.00 671,000.00 650,000.00

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NOTES TO TIIE FINANCIAL STATEMENTS (CONTD... ) 2017 2016 Notes LKR LKR Note:-10 Staff Expenses Salaries - Office Staff 2,490,127.08 1,643,479.16 Salaries - Pavilion Staff 190,750.00 Salaries - Ground Staff 1,539,219.69 1,221,619.76 Salaries - Temporary Staff 202,046.36 438,541.67 Overtime - Office Staff 118,304.46 112,957.97 Overtime - Ground Staff 470,684.89 648,811.47 EPF 506,411.61 343,811.90 ETF 126,602.94 85,953.01 Telephone Allowance 95,458.33 104,233.33 Travelling Allowance 179,083.33 202,750.01 Bonus 270,000.00 212,500.00 Staff Meals 566,930.00 523,260.00 Staff Welfare 144,128.75 237,666.00 Special Allowance - Pavilion Staff 84,250.00 6,983,997.44 5,775,584.28

Note:-11 Other Overheads Postage & Email 23,415.00 14,680.00 Printing & Stationery 196,784.00 226,720.62 Travelling 193,646.29 138,193.19 Credit Card - Commission 371,178.54 286,801.54 OD Interest 871.67 2,428.33 Bank Charges 31,310.00 39,795.09 817,205.50 708,618.77

Note:-12 Repairs & Maintenance Ground Maintenance 749,005.00 839,623.79 Pavilion Maintenance & Board Room Maintenance 571,406.43 701,014.43 Office & Washroom Maintenance 506,110.92 123,276.06 Equipment & Computers Maintenance 105,485.00 241,116.99 Furniture Maintenance 465,830.00 12,120.00 Gully Oeaning, Garbage Collection 83,095.00 125,630.00 Score Board Maintenance 122,918.00 124,235.00 Software Maintenance 29,450.00 38,650.00 Side Net Repairs & Modification 1,136,145.00 1,300.00 Other Maintenance 37,299.00 861,305.24 3,806,744.35 3,068,271.51

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NOTES TO IBE FINANCIAL STATEMENTS (CONTD ... ) 2017 2016 Notes LKR LKR

Note:-13 Tournament &: other Events Women's Cricket Expenses 769,935.00 1,089,616.16 Hockey Expenses 92,110.00 233,836.00 Under 23 Match Expenses 2,767,294.07 3,626,905.50 Cover Pulling Charges 308,640.00 173,200.00 Premier League 6,003,865.00 7,273,484.20 Sundry 14,655.73 4,113.00 9,956,499.80 12,401,154.86

Note:-14 Miscellaneous Expenses Dialog TV 21,134.85 22,780.81 Equipment/Furniture Hire Charges 94,790.00 35,570.00 Photograph Expenses 12,670.00 12,440.00 Club Expenses 362,764.70 646,636.08 Advertisements 77,610.35 17,760.00 Petrol & Diesel 89,849.00 95,216.00 Donations 51,950.00 143,000.00 Entertainment Expenses 34,970.00 44,020.00 Members X-Mas Party Expenses 216,800.00 12,720.00 Members/Staff - Funeral Expenses 45,710.00 11,500.00 Sponsorships 61,000.00 Others 67,350.52 45,640.00 SMS Charges to Members 24,388.02 1,099,987.44 1,148,282.89

Note:-15 Doubtful Receivable and Other Adjustments Trade and Sundry Debtors Written Off 491.00 491.00

-12- COLOMBO COLTS CRICKET CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTD•.. )

Note :-16 Property, Plant & Equipment Lost Accumulatea Uepreci.atton !'let Hook v a.iue Item Rate Balance as at Balaru:e as at Balaru:e as at Charges for Balaru'.e as at Balaru'.e as at Balaru'.e as at Additions 01.01.2017 31.12.2017 01.01.2017 theyear 31.12.2017 31.12.2017 31.12.2016

IDUlillutg!i ::170 U,ll1!~ Ulb..':>b .uu 14, .~ .... !>,D'.l.L,.3.l.L.IU 41'!,&!4.l~ b,IJ!);j J' .LO.I!~ 1!,bl!>,.L~.b'/ l!,:l.4:t,~.l!t> 1 1 New Pavilion 5% 1,668,350.00 246,800.00 1,915,150.00 642,329.92 55,414.34 697,744.26 1,217,405.74 1,()26,020.08 Media Box 5% 2,304,076.86 - 2,304,076.86 846,397.33 72,883.98 919,281.31 1,384,795.55 1,457,679.53 Iron Fencing 5% 1,077,111.88 - 1,077,111.88 665,615.32 20,574.83 686,190.15 390,921.73 411,496.56 Ground Sight Screen 5% 669,007.00 - 669,007.00 403,267.82 13,286.96 416,554.78 252,452.22 26-5,739.18 Bar Roller Door 10% 90,311.46 - 90,311.46 33,033.23 5,727.82 38,761.05 51,550.41 57,278.23 New Main Gate 12.5% 133,155.00 - 133,155.00 106,335.30 3,352.46 109,687.76 23,467.24 26,819.70 Car Park 12.5% 318,092.30 - 318,092.30 248,004.83 8,760.93 256,765.76 61,326.54 70,087.47 Furniture & Fittings 7.5% 3,353,301.62 63,000.00 3,416,301.62 617,260.48 208,746.84 826,007.32 2,590,294.30 2,736,041.14 Ice Machine 20% 115,140.00 - 115,140.00 42,678.56 14,492.29 57,170.85 57,969.15 72,461.44 Main Pavilion 5% 2,408,786.19 - 2,408,786.19 231,589.35 108,859.84 340,449.19 2,068,337.00 2,177,196.84 Cricket Equipments 50% 72,056.08 200,000.00 272,o56.08 71,094.10 92,147.66 163,241.76 108,814.32 961.98 Gym Hall Equipments 10% 239,750.00 - 239,750.00 169,313.64 7,043.64 176,357.28 63,392.72 70,436.36 Hockey Equipments 25% 39,621.05 - 39,621.05 30,247.21 2,343.46 32,590.67 7,030.38 9,373.84 Billiard Equipments 15% 38,875.62 112,ooO.OO 150,875.62 21,951.99 17,938.54 39,890.53 110,985.09 16,923.63 I Television Sets 10% 182,814.76 - 182,814.76 34,383.41 14,843.13 49,226.54 133,588.22 148,431.35 s Air Conditioners 10% 1,308,271.16 - 1,308,271.16 551,374.53 75,689.66 627,064.19 681,206.97 756,896.63 I Multimedia Projector 10% 78,000.00 - 78,000.00 14,820.00 6,318.00 21,138.00 56,862.00 63,180.00 Generator 10% 140,000.00 - 140,000.00 107,972.49 3,202.75 111,175.24 28,824.76 32,027.51 Washing Machine 10% 48,999.00 - 48,999.00 5,634.88 4,336.41 9,971.29 39,027.71 43,364.12 Office Equipments 10% 80,611.80 - 80,611.80 46,417.91 3,419.39 49,837.30 30,774.50 34,193.89 c.omputer Table & Chairs 10% 23,260.00 - 23,260.00 10,783.63 1,247.64 12,031.27 11,228.73 12,476.37 c.omputers & Printers 25% 477,885.00 42,550.00 520,435.00 369,339.92 34,895.65 404,235.57 116,199.43 108,545.08 c.omputer Software 25% 150,000.00 - 150,000.00 77,929.69 18,017.58 95,947.27 54,052.73 72,070.31 Ground Equipments 10% 1,112,77424 - 1,112,774.24 605,203.44 50,757.08 655,960.52 456,813.72 507,570.80 Bar & Bar Equipments 10% 7,755,955.67 187,361.30 7,943,316.97 824,501.65 704,383.14 1,528,884.79 6,414,432.18 6,931,454.02 General Equipments 20% 30,39922 14,837.84 45,237.06 27,646.57 1,292.42 28,938.99 16,298.07 2,752.65 Name Boards 10% 212,079.00 - 212,079.00 127,830.84 8,424.82 136,255.66 75,823.34 84,248.16 Boundary Wall 10% 2,162,714.50 - 2,162,714.50 1,565,797.11 59,691.74 1,625,488.85 537,225.65 596,917.39 Water Filters 25% 1,375.82 - 1,375.82 1,375.82 - 1,375.82 -- Water Tank 12.5% 66,872.50 - 66,872.50 51,240.31 1,954.02 53,194.33 13,678.17 15,632.19 Water Pumps 20% 279,069.13 16,500.00 295,569.13 233,777.29 11,258.37 245,035.66 50,533.47 45,291.84 Polisher 20% 103,157.78 - 103,157.78 94,296.60 1,772.24 96,068.84 7,088.94 8,861.18 Ceiling Fans 20% 344,997.00 - 344,997.00 150,495.97 38,900.21 189,396.18 155,600.82 194,501.03 Water Motor 20% 23,052.60 - 23,052.60 12,036.62 2,203.20 14,239.82 8,812.78 11,015.98 Wall Screen 20% 21,440.00 - 21,440.00 10,462.72 2,195.46 12,658.18 8,781.82 10,977.28 Finger Print 20% 30,000.00 - 30,000.00 4,000.00 5,200.00 9,200.00 20,800.00 26,000.00 Kitchen and Kitchen Equipment 20% 6,394,959.41 603,450.96 6,998,410.37 - 1,387,360.42 1,387,360.42 5,611,049.95 6,394,959.41 Kitchen Roof 20% 368,016.97 - 368,016.97 30,668.08 67,469.73 98,137.81 269,879.16 337,348.89 Two Wheel Tractor 20% 289,000.00 - 289,000.00 28,900.00 52,020.00 80,920.00 208,080.00 260,100.00 CCIV Camera/DVR 20% 213,232.40 65,000.00 278,232.40 13,247.82 49,746.92 62,994.74 215,237.66 199,984.58 48,315,589.58 2,331,500.10 50,647,()89.68 14,770,589.08 3,650,557.76 18,421,146.84 32,225,942.84 33,545,000.50 COLOMBO COLTS CRICKET CLUB

NOTES TO TIIE FINANCIAL STATEMENTS (CONTD... ) 2017 2016 Notes LKR LKR Note:17 Inventories Bar 3,329,303.04 2,130,790.99 3,329,303.04 2,130,790.99 Note:-18 Deposits & other Receivables Staff Loan 18.1 212,500.00 229,500.00 Deposits 18.2 29,334.00 29,334.00 Other Receivables 18.3 1,067,151.91 1,002,859.32 Trade and Sundry Debtors 15,605.13 44,377.09 1,324,591.04 1,306,070A1 Note :-18.1 Staff Loan Mr.S V aratharaja 67,500.00 10,000.00 Mr.HD KC Mendis 10,000.00 30,000.00 Mr.B D SP Perera 35,000.00 15,000.00 Mr.SK S Paulraj 45,000.00 Mr.WM A J Upatissa 45,000.00 30,000.00 Mr.S Balasundaram 40,000.00 Mr.KA Ariyadasa 35,000.00 4,500.00 Mr.Ranoj Rukshan 10,000.00 Mr.Wasantha Thushara 15,000.00 45,000.00 Mr.Rohitha Sampath 5,000.00 212,500.00 229,500.00

Note:-18.2 Deposits Deposit on Containers 2,960.00 2,960.00 Empty Bottle Deposits 26,374.00 26,374.00 29,334.00 29,334.00

Note:-18.3 other Receivables Prepaid Bar License 358,499.96 530,000.00 Ground Rent - Prepayment 91,800.00 Prepaid Software Maintenance 11,475.00 11,475.00 VAT Refund Due 18,782.00 18,782.00 Credit Card (Sarnpath Bank) 521,918.74 298,911.44 Credit Card (Nation's Trust Bank) 68,827.80 6,890.88 Bar Deposit - Bond 45,000.00 45,000.00 Security Deposit - Ceylon Electricity Board 35,580.00 Stock Shortage Recoverable 7,068.41 1,067,151.91 1,002,859.32

-14- COLOMBO COLTS CRICKET CLUB

NOTES TO TIIE FINANCIAL STATEMENTS (CONTD... ) 2017 2016 Notes LKR LKR Note:-19 Cash &: Cash Equivalents Fixed Deposits 19.1 9,241,170.61 Cash at Bank 19.2 66,977.36 2,770,016.27 Cashin Hand 19.3 298,243.57 279,905.21 Petty Cash 19.4 94,000.00 69,000.00 9,700,391.54 3,118,921.48

Note:-19.1 Fixed Deposits Seylan Bank - RRS1170208000003 2,163,033.33 Seylan Bank - RRS1170602000002 1,051,692.07 Seylan Bank - RRS1170915000007 1,026,445.21 Seylan Bank - RRS1171027000002 1,000,000.00 Seylan Bank - RRS1171219000001 4,000,000.00 9,241,170.61

Note:-19.2 Cash at Bank Bank of Ceylon - CfA- (A/C - 0000405413) 28,156.02 28,156.02 Commercial Bank - CfA - (A/ C - 1100039328) 23,904.97 2,632,687.97 Seylan Bank C/A - (A/C-12727856) 14,916.37 109,172.28 66,977.36 2,770,016.27

Note :-19.3 Cashin Hand Main Cashier 288,243.57 269,905.21 Bar Cashier 10,000.00 10,000.00 298,243.57 279,905.21 Note:-19.4 Petty Cash Office 30,000.00 30,000.00 Ground 30,000.00 15,000.00 Cricket Special 30,000.00 20,000.00 Bar 4,000.00 4,000.00 94,000.00 69,000.00

Note:-20 Accumulated Fund Balance as at the begirutlng of the year 30,782,104.27 26,917,567.18 Surplus/(Deficit) of Income Over Expenditure 4,651,437.32 3,864,537.09 35,433,541.59 30,782,104.27

-15- COLOMBO COLTS CRICKET CLUB NOTES TO IBE FINANCIAL STATEMENTS (CONTD... ) 2017 2016 Notes LKR LKR Note:-21 Retirement Benefit Obligations Balance as at the beginning of the year 1,041,044.73 745,447.68 Current Service Cost 217,351.25 185,421.51 Interest Cost 113,938.36 81,731.03 (Gain)/Loss on Obligation (111,954.31) 28,444.51 Benefits Paid 1,260,380.03 1,D41,D44.73 Note:-22 Trade Payables Cltatura Enterprises 64,732.44 47,377.28 Country Style Foods (Pvt) Ltd 20,914.21 6,291.73 CPS Modern Distributors 229,322.97 Delmon Trading Company (Pvt) Ltd 244,900.62 Free Lanka Trading Co. (Pvt) Ltd 8,636.39 Flemingo Lanka (Pvt) Ltd 126,365.55 Goreththi Enterprises 18,500.00 11,000.00 International Distillers Ltd 157,730.53 KG Distributors 33,997.08 34,159.96 Kwnari Products 5,675.00 5,675.00 New Maruthi Products 7,600.00 Pernod Ricard Lanka (Pvt) Ltd 77,521.50 Pet Bottle Company (Pvt) Ltd 6,100.85 Princess Stores 784.80 Ravi Products 2,750.00 2,750.00 Rockland Distilleries (Pvt) Ltd 238,905.04 591,103.62 Speed Water System 7,560.00 5,760.00 The Arundisi (Pvt) Ltd 131,196.79 103,678.89 W.M. Mendis & Company 30,236.24 895,496.73 1,325,729.76 Note:-23 Advances & Other Payables Ground Rent - Bharati Airtel (Pvt) Ltd 965,339.73 2,252,459.27 Ground Rent - Mobitel 429,347.35 376,887.29 Membership Fees Received in Advance 842,432.50 305,970.00 Payments Against Bar & Restaurant Sales 32,957.24 44,697.11 Service Charges 226,966.74 146,591.66 Service Charges Reserve Fund 560,919.32 474,662.00 Kitchen Sales Payable 151,197.10 56,949.04 Refundable Deposits 496,300.00 446,300.00 Security Deposits - Kitchen 500,000.00 500,000.00 Accrued Expenses 23.1 1,711,496.42 1,279,383.61 Advance Payment - Academy etc. 4,000.00 5,920,956.40 5,883,899.98

-16- COLOMBO COLTS CRICKET CLUB

NOTES TO IBE FINANCIAL STATEMENTS (CONTD... ) 2017 2016 Notes LKR LKR Note:-23.1 Accrued Expenses Value Added Tax 1,057,715.23 650,001.60 Calypso Band Payable 3,000.00 EPF 105,872.86 104,981.46 ETF 15,880.94 16,285.51 Staff Meals Payable 51,600.00 37,920.00 Telephone Payable 8,207.18 6,639.30 Security Charges Payable 35,000.00 35,000.00 Water 74,099.75 39,013.75 Audit Fees 75,000.00 68,000.00 Dialog TV Payable 1,723.67 3,564.08 Fax Payable 8,618.17 9,337.63 Dialog Broadband ( WIFI) 1,676.36 1,843.94 Cleaning Charges 9,600.00 Overtime Payable 70,641.97 88,736.05 Sarala P&N Creative Solution (Pvt) Limited 100,660.29 100,660.29 Staff Uniforms 4,800.00 4,800.00 Premier League Tier - Player Pay 100,000.00 100,000.00 1,711,496.42 1,279,383.61

Note:-24 Bank Balance Commercial Bank- Wellawatta (A/C -1100017549) 2,625,079.96 825,662.50 2,625,079.96 825,662.50

Note:-25 Provision For Taxationf(Refund) BalanceB/F (10,110.00) 319,837.00 Provision for the year 25.1 201,803.14 7,529.00 191,693.14 327,366.00 Less:- Payment during the year Income Tax Y/A 2015/16 (327,366.00) WHf ~19,349.85} {10,110.00} 172,343.29 (10,110.00)

Note:-25.1 Provision for Taxation During the year Income Tax for the Year 201,803.14 Last Year Under Provision 7,529.00 201,803.14 7,529.00

-17- COLOMBO COLTS CRICKET CLUB

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