Annual report....

rainmaker · 1 Annual report.... Sun Jun 09, 2013 5:29 am

rainmaker

Assistant Vice President - Equity Analytics

Posts : 914
Equity Stars : 6249
Reputation : 45
Join date : 2013-02-06

Finally the most important annual report is published

CPC revenue 500b odd
CEB revenue 200b odd

Total revenue of both is 10% of GS market cap. No wonder GS is after them Shocked

rainmaker · 2 Re: Annual report.... Sun Jun 09, 2013 5:50 am

rainmaker

Assistant Vice President - Equity Analytics

Posts : 914
Equity Stars : 6249
Reputation : 45
Join date : 2013-02-06

Interesting facts ......

514,000 pensioners payment 111b

1.29 million govt employees payment 430b

Duty tax concessions to govt employees 25b

And provincial council has more civil service than central government 299,000 vs 329000

Free education costs more than free healthcare 68b vs 53b.

CTC pays enough tax to fund one
DIST, BREW and others pay enough tax to fund the other Wink

Samurdhi relief helps more than 1m households. The cost is only 10b

Subsidies for Fertiliser - 36b
Subsidies for everything else 12b

School books 2b
School uniforms 2b
Thriposha programme 2b

Interest on local loans 317b
Interest on foreign loans 90b

Interest cost breakdown:

- Education 28b
- Health 17b
- Civil admin 26b
- Energy and water supply 85b
- Transport and communication 204b

High investments in infrastructure ports, roads and highways. Also high investments in energy production.

Apart from paying your fares certain public institutions need help. This is because the fares you pay are not enough.

Railways : 3.7b
Postal services : 3.3b
Sri Lanka Transport board : 3.9b

Free train and bus transport anyone Wink

Free prescription medicine 16.7b

Fresh milk for pre-school and nutrition programme 2.9b or JKH tax

For chicken fans

28 million chicks provided under Divineguma. The cost 163m

Three Acre Farms and Bairaha - this is more than your production

Pension cost

Only 240 pensioners get 50,000 a month or more

Doubling the pension to those who get less than 10,000 only costs 25b more.
The number of beneficiaries 238000 pensioners Smile

Income tax 172b
Goods and services 462b
International trade 210b

..... goes to show that higher incomes feed higher domestic consumption/domestic production/GDP and eventually higher tax revenue Wink

Luxury vehicle tax brings in 1.253b
Share transaction levy 1.285b

So double the share transaction levy and remove the luxury vehicle tax Razz

Last edited by smallville on Sun Jun 09, 2013 9:20 am; edited 1 time in total (Reason for editing : organised under 1 thread to be of ease for reader..)

Slstock · 3 Re: Annual report.... Sun Jun 09, 2013 6:06 am

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13385
Reputation : 1158
Join date : 2011-01-22

Interesting and Keep them coming

A link to the report source would be good.

Last edited by slstock on Sun Jun 09, 2013 6:15 am; edited 1 time in total

rainmaker · 4 Re: Annual report.... Sun Jun 09, 2013 6:17 am

rainmaker

Assistant Vice President - Equity Analytics

Posts : 914
Equity Stars : 6249
Reputation : 45
Join date : 2013-02-06

slstock wrote:Interesting and Keep them coming

A link to the report source would be good.

Ministry of Finance

http://www.treasury.gov.lk/index.php?option=com_content&view=article&id=470&catid=19&Itemid=35

rainmaker · 5 Re: Annual report.... Sun Jun 09, 2013 6:28 am

rainmaker

Assistant Vice President - Equity Analytics

Posts : 914
Equity Stars : 6249
Reputation : 45
Join date : 2013-02-06

Why would the Govt buy 20,000 shares in NEST when they buy

3204 cows ..... for only 24 million Wink

Govt expenditure puts the stock market in perspective

rainmaker · 6 Re: Annual report.... Sun Jun 09, 2013 9:09 am

rainmaker

Assistant Vice President - Equity Analytics

Posts : 914
Equity Stars : 6249
Reputation : 45
Join date : 2013-02-06

CB Annual profit for 2012...... wait for it...........43b

smallville · 7 Re: Annual report.... Sun Jun 09, 2013 9:25 am

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10117
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

Thanks for the great work by summerizing it.. Keep it up..

rainmaker · 8 Re: Annual report.... Sun Jun 09, 2013 9:32 am

rainmaker

Assistant Vice President - Equity Analytics

Posts : 914
Equity Stars : 6249
Reputation : 45
Join date : 2013-02-06

Interesting fact...

The loan from EXIM bank for the Hambantota port is paid off.
Only 400m is left for the bunkering facility that is currently being built.