Annual Report 2005 - Institute of Policy Studies of Sri Lanka

Financials__Notes to the Accounts as at 31st December 20052. Fixed AssetsCost Computer Motor Furniture Office Library Lease-hold TotalEquipment Vehicles & Fittings Equipment Books ImprovementsRs. Rs. Rs. Rs. Rs. Rs. Rs.Opening Balance as at01st January 2005 20,221,556 5,048,625 3,463,827 6,761,853 422,573 772,182 36,690,616Add: Additions 652,750 - 76,186 195,886 - 47,909 972,731Less: Disposals (1,393,888) - - - - - (1,393,888)Closing Balance as at31st December 2005 19,480,418 5,048,625 3,540,013 6,957,739 422,573 820,091 36,269,459Accumulated DepreciationOpening Balance as at01st January 2005 12,959,424 2,509,630 2,362,911 4,726,747 183,639 645,669 23,388,019Add: Depreciation chargefor 2005 3,596,458 745,000 308,438 624,967 115,814 65,019 5,455,696Less: Depreciation onDisposal (1,279,314) - - - - - (1,279,314)Closing Balance as at31st December 2005 15,276,567 3,254,630 2,671,349 5,351,714 299,453 710,688 27,564,401Written down value31st December 2005 4,203,851 1,793,995 868,664 1,606,024 123,120 109,403 8,705,058Written down value31st December 2004 7,262,133 2,538,995 1,100,916 2,035,105 238,934 126,513 13,302,596Note:The disposal of Computer Equipment was valued at historical cost prevailing at the time of purchase.The items were recommended for disposal by the IT Commitee & approved by the Executive Director..These items were not valued by an external valuer as the scrap value of these items did not justify doing so.3. Fixed Deposits 2005 2004Rs.Rs.Fixed Deposits 300,000 300,000Treasury Bonds 27,982,575 17,022,280Treasury Bills 11,188,574 71,714,585Treasury Bills - Gratuity Fund Investment 2,674,281 2,468,838Repo 122,810,577 -164,956,006 91,505,7024. Other Debtors 2005 2004Rs.Rs.Debtors 9,317,089 -Interest Suspense 168,159 302,686Other Advances 12,000 1,070,195Other Receivables 1,917,470 1,355,99711,414,718 2,728,878Cont’d ..........................59__________ Annual Report 2005