Page 104 - 2596-CA SR Lanka- Annual Report 2022

NOTES TO THE FINANCIAL STATEMENTS

Note 12 - Restricted funds and grants
12.1 Summary
Balance as at Transfers to Grants/ (Reimbursements (Payments) Balance as at Balance as at
1.1.2022 funds Donations & 31.12.2022 31.12.2021
received Amortisation)
Rs.'000 Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000
Grants 12.2 46 - 4,000 (4,000) - 46 46
Other restricted funds 12.3 10,460 1,285 26,931 (376) (24,399) 13,901 10,460
Restricted scholarship 12.4 9,830 1,308 526 - (583) 11,081 9,830
funds
Total restricted funds and 20,336 2,593 31,457 (4,376) (24,982) 25,028 20,336
grants

12.2 Grants
Balance as at Contribution Grants (Reimbursements) Balance as at Balance as at
1.1.2022 from received 31.12.2022 31.12.2021
the Institute
Rs.'000 Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000

Ernst & Young SME grant 12.2.1 46 - - - 46 46
46 - - - 46 46

Revenue grants
Sri Lanka Accounting and Auditing 12.2.2 - - 4,000 (4,000) - -
Standards Monitoring Board (SLAASMB)
grant
Total grants 46 - 4,000 (4,000) 46 46

12.2.1 Ernst & Young SME Grant: This amount represents the grant received from Ernst & Young to provide training on audit tool kit for Small
and Medium Practices (SMPs).

12.2.2 SLAASMB Grant: During the year Rs. 4mn granted from Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB) for
the development of accounting and auditing standards, which was utilised in full for the said purpose.

102 CA SRI LANKA | Integrated Annual Report 2022