Page 101 - 2596-CA SR Lanka- Annual Report 2022

4.1 Impairment of intangible assets
The Management has assessed the potential impairment loss of intangible assets as at 31 December 2022. Based on the assessment, no
impairment provision is required to be made in the financial statements as at the reporting date in respect of intangible assets.

4.2 Intangible assets pledged as security
There were no items of intangible assets pledged as securities for liabilities as at the reporting date.
4.3 Title restriction on intangible assets
There are no restrictions that existed on the title of the intangible assets of the Institute as at the reporting date.

Note 5 - Library books
As at 31 December 2022 2021
Rs.'000 Rs.'000

Balance at the beginning of the year 669 843
Additions 1,352 650
Depreciation (905) (824)
Balance at the end of the year 1,116 669

Note 6 - Loans and advances to staff
As at 31 December 2022 2021
Rs.'000 Rs.'000

Receivable within one year 7,371 6,609
Receivable after one year 13,737 11,085
Total 21,108 17,694

Note 7 - Financial assets at amortised cost
As at 31 December 2022 2021
Rs.'000 Rs.'000

Maturity within one year - Fixed Deposits 87,544 1,522,083
87,544 1,522,083

Maturity after one year - Fixed Deposits 150,000 -
- Bonds 1,438,665 -
1,588,665 -
Total 1,676,209 1,522,083

As at 31 December 2022 2021
Carrying Fair Value Carrying Fair Value
Value Value
Rs.’000 Rs.’000 Rs.’000 Rs.’000

Fixed Deposits 150,000 150,000 - -
Treasury Bonds 1,438,665 1,167,319 - -
Total 1,588,665 1,317,319 - -
Investments in Bonds include Rs .25mn designated for the Audit Quality Assurance Fund, Rs.100mn designated for the New Technology
Development Fund, Rs. 60mn designated for the Non Commerce Students Scholarship Fund, Rs. 10mn designated for the Needy Members
Medical Expenses Fund and Rs. 15mn designated for the Children of Staff Members Scholarship Fund.
Fixed deposits and treasury bonds have been made in state owned banks with a credit rating of A.

7.1 Impairment of financial assets
Impairment of expected credit loss is immaterial.
7.2 Refer Note 31 in page 109 for Risk management disclosures and maturity analysis of the financial assets

CA SRI LANKA | Integrated Annual Report 2022 99