Page 74 - 2596-CA SR Lanka- Annual Report 2022

VALUE CREATION REPORT

FINANCE INCOME
Finance income (LKR Mn) Income over expenditure before & after tax
Thanks to proactive strategies to (LKR Mn)
leverage the upward trending interest 250
rates throughout the year, CA Sri Lanka’s 300
Finance Income recorded a phenomenal 200 250
increase from Rs. 89 Mn in 2021 to Rs.
243.5 Mn in 2022. 150 200

INCOME OVER EXPENDITURE AFTER 100 150
TAX
100
With cost escalations outpacing income 50
growth, CA Sri Lanka recorded Income 89 224 50
over expenditure after tax of Rs. 218Mn 0 208 185 251 218
for the year under review, which was 18% 2021 2022 0
above the Rs. 185 Mn registered in the 2021 2022
previous financial year.
Income over expenditure for the year before tax
Income over expenditure for the year after tax
CAPITAL AND LIQUIDITY POSITION
The CA Sri Lanka balance sheet Prudent growth (LKR Mn)
strengthened in absolute terms with
total assets growing by 8% year on 3500 3,180 3,421
year. Financial assets (fixed deposits 3000 2,874
and treasury bonds) accounted for 2500 2,377 2,730
approximately 49% of total assets. 2000
Liquidity levels were maintained 1500
throughout the year with the current asset 1000
ratio of 1.07: 01 and the quick asset ratio 500
of 0.96:01.
0 0
Accumulated funds and reserves -500
accounted for 81% of funding, a -1000
testament to the proactive efforts -1500
of successive Councils in managing -2000
the affairs of the Institute. With the -2500 (2,377)
strengthening of the balance sheet, -3000 (2,730) (2,874)
liabilities accounted for 16% of total -3500 (3,180) (3,421)
liabilities as against 18% reported in the 2018 2019 2020 2021 2022
previous financial year. Non-current assets Funds and grants
Current assets Non-current liabilities
Composition of total assets Accumulated fund and reserves Current liabilities

12%
38%
3%
10% 40%
48%
2021 2022

2%
48%

PPE
Other non current assets
Financial assets at amortised cost
Other current assets

72 CA SRI LANKA | Integrated Annual Report 2022