Financial Statements of the National Water Supply & Drainage Board for the Period Ended 31st December 2008 |
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| 1. Income Statement |
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| 2. Balance Sheet |
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| 3. Cash Flow Statement |
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| 1. Income Statement |
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| For the year Ended |
Revised Budget
2008 Rs. |
Actual 2008 Rs. |
Actual 2007 (Rs.) |
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| Sales of Water |
7,347,918,000 |
6,743,217,327 |
6,481,915,574 |
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| Less: Direct Operating Expenses |
(6,206,027,912) |
(6,088,841,694) |
(4,902,547,316) |
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| Operating Profit on Sale of Water |
1,141,890,088 |
654,375,633 |
1,579,368,258 |
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| Other Operating Income |
1,446,591,000 |
1,391,118,020 |
1,129,364,579 |
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| Administration Overheads |
(1,926,498,088) |
(1,890,120,710) |
(1,762,775,528) |
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| Depreciation |
(1,111,007,000) |
(1,397,510,700) |
(1,381,373,711) |
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| Other Operating Expenses |
__(247,575,000) |
__(421,724,476) |
__(139,810,303) |
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| Profit/(Loss) from Operating Activities |
(696,599,000) |
(1,663,862,232) |
(575,226,705) |
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| Finance cost |
(1,094,000,000) |
(1,192,769,345) |
(851,942,058) |
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| Non-Operating Income |
___160,000,000 |
____59,918,167 |
___203,386,141 |
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| Profit/(Loss) from Ordinary Activities before Tax |
(1,630,599,000) |
(2,796,713,410) |
(1,223,782,622) |
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| Taxation |
85,487,000 |
66,609,224 |
54,590,568 |
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| Net Profit/ (Loss) for the year |
(1,716,084,000)
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(2,863,322,634) |
(1,278,373,190) |
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| Back to Top |
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| As at 31st December |
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2008 (Rs.) |
2007(Rs.) |
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| ASSETS |
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| Non-Current Assets |
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| Property, Plant & Equipment Net - At cost |
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54,832,825,100 |
52,406,177,577 |
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| Capital Work in Progress |
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60,344,145,322 |
48,291,137,798 |
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| Investments |
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_____90,861,180 |
___115,400,688 |
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115,267,831,602 |
100,812,716,062 |
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| Current Assets |
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| Non Operating Assets |
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190,886,620 |
191,486,865 |
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| Inventories |
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3,127,125,611 |
2,601,875,030 |
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| Trade & Other Receivables |
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5,250,591,422 |
6,021,249,894 |
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| Deposits & Advances |
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5,422,015,734 |
2,944,744,662 |
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| Investments |
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423,129,076 |
850,475,051 |
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| Cash & Cash Equivalents |
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__822,671,654 |
__484,127,206 |
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15,236,420,118 |
13,093,958,709 |
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| Total Assets |
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130,504,251,720 |
113,906,674,771 |
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| EQUITY AND LIABILITIES |
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| Capital and Reserves |
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| Assets taken over from Government Dept. |
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185,480,387 |
185,480,387 |
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| Equity Capital |
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54,560,196,683 |
48,851,176,568 |
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| Capital Grants |
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55,777,874,151 |
46,507,296,332 |
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| Capital Recovery Fund |
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1,818,551,821 |
1,487,418,856 |
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| Staff Welfare Fund |
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14,696,841 |
11,709,173 |
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| Revaluation Reserve |
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309,763,136 |
309,763,136 |
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| Accumulated Profit/ (Loss) |
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_(7,752,893,868) |
(4,555,450,598) |
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104,913,669,152 |
92,797,393,852 |
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| Non-Current Liabilities |
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| Loan Payable |
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18,113,326,220 |
16,525,615,820 |
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| Other Deferred Liabilities |
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_2,167,292,016 |
_1,731,195,728 |
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20,280,618,236 |
18,256,811,548 |
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| Current Liabilities |
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| Creditors |
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1,347,166,755 |
1,209,831,339 |
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| Loan Capital Payable |
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1,410,624,834 |
698,582,535 |
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| Loan Interest Payable |
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1,456,959,311 |
284,226,156 |
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| Non Operating Liabilities |
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115,455,778 |
115,455,778 |
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| Other Payables |
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__979,757,653 |
__544,373,563 |
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_5,309,964,331 |
_2,852,469,371 |
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| Total Equity and Liabilities |
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130,504,251,720 |
113,906,674,771 |
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| Back to Top |
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| For the year ended |
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2008 (Rs.) |
2007 (Rs.) |
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| Cash Flows from/(used) in Operating Activities |
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| Net Profit/(Loss) before Tax |
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(2,796,713,410) |
(1,223,782,622) |
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| Adjustments for |
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| Interest Income |
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(59,918,167) |
(203,386,141) |
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| Depreciation |
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1,397,510,700 |
1,381,373,713 |
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| Profit/ Loss on Disposals Assets |
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(10,679,735) |
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| Retiring gratuity provision |
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391,458,675 |
139,810,303 |
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| Provision for Irrecoverable Debts |
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1,329,201 |
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| Interest Expense |
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1,192,769,345 |
851,942,058 |
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| Operating Profit before Working Capital Changes |
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__126,436,345 |
935,277,576 |
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| (Increase)/ Decrease in Inventories |
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(525,250,581) |
(318,382,984) |
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| (Increase)/ Decrease in Debtors, Receivables & Deposits |
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(1,705,425,607) |
303,824,324 |
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| Increase/ (Decrease) in Creditors & Provisions |
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_1,871,067,527 |
_371,013,475 |
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| Cash Generated from Operations |
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(233,172,317) |
1,291,732,391 |
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| Tax Paid |
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(51,609,224) |
(54,590,568) |
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| Disallowed VAT paid to Inland Revenue |
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(2,747,811,438) |
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| Gratuity Paid |
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__(80,977,252) |
_(70,476,438) |
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| Net Cash from Operating Activities |
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(3,113,570,230) |
1,166,665,384 |
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| Cash Flows from/(used in) Investing Activities |
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| Investments in Fixed Assets |
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(17,434,652,695) |
(11,547,840,460) |
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| Sale proceeds for disposal assets |
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12,739,313 |
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| Investment Income |
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59,331,418 |
221,238,885 |
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| (Investment)/ Withdrawal of Investments |
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___451,885,483 |
___812,697,246 |
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| Net Cash Flows used in Investing Activities |
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(16,923,435,794) |
(10,501,165,015) |
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| Cash Flow from/ (used in) Financing Activities |
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Equity Capital during the Period |
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Net - |
5,709,020,115 |
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2,747,811,438 |
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set off against F/ Assets - |
663,936 |
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set off to interest payment - |
__536,600,000 |
8,994,095,489 |
6,489,922,106 |
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| Foreign Grant during the period |
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Net - |
9,270,577,819 |
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Set off against F/ Assets - |
__397,050,457 |
9,667,628,276 |
3,411,672,066 |
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| New Loans |
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2,651,188,553 |
3,411,672,066 |
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| Loan Repayments |
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(351,435,854) |
1,589,498,022 |
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| Loan Interest Paid |
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_(585,925,992) |
_(357,569,492) |
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20,375,550,472 |
(1,522,217,286) |
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| Net Increase in Cash & Cash Equivalents |
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338,544,448 |
276,805,784 |
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| Cash & Cash Equivalent at the beginning of the year |
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484,544,448 |
207,321,422 |
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| Cash & Cash Equivalent at the end of the period |
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822,671,654 |
484,127,206 |
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| Back to Top |
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| ::: Updated on 2009.07.03 ::: |
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© 2009 National Water Supply and Drainage Board. All rights reserved. |
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Financial Statements