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Note 3 - Property, plant and equipment
Cost
Land Buildings Right of use Improvements Furniture Plant and Motor Computers, Total
asset to right of use machinery vehicles Servers & IT
asset Equipment
Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000

Balance as at 1 January 2021 699,000 507,569 - - 97,203 143,213 12,282 76,564 1,535,831

Additions - - 106,373 36,849 13,596 8,091 - 16,740 181,649
Balance as at 31 December 699,000 507,569 106,373 36,849 110,799 151,304 12,282 93,304 1,717,480
2021

Additions - 1,409 - 32,277 17,590 4,021 - 16,533 71,830
Disposals - - - - (30) - - - (30)
Balance as at 31 December 699,000 508,978 106,373 69,126 128,359 155,325 12,282 109,837 1,789,280
2022

Accumulated depreciation
Land Buildings Right of use Improvements Furniture Plant and Motor Computers, Total
asset to right of use machinery vehicles Servers & IT
asset Equipment
Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000
Balance as at 1 January 2021 - 150,176 - - 73,024 119,753 12,215 47,899 403,067

Depreciation charge for the year - 14,947 14,183 695 5,803 6,304 16 6,758 48,706
Balance as at 31 December - 165,123 14,183 695 78,827 126,057 12,231 54,657 451,773
2021

Depreciation charge for the year - 14,951 9,878 5,772 9,249 8,879 15 11,389 60,133
Disposals - - - - (20) - - - (20)
Balance as at 31 December - 180,074 24,061 6,467 88,056 134,936 12,246 66,046 511,886
2022

Carrying amounts
As at 31 December 2022 699,000 328,904 82,312 62,659 40,303 20,389 36 43,791 1,277,394

As at 31 December 2021 699,000 342,446 92,190 36,154 31,972 25,247 51 38,647 1,265,707
3.1 The land on which the Institute’s buildings are situated is a conditional government grant to the Institute. This land, which is situated at
30A, Malalasekara Mawatha, Colombo 07 with a land extent of 174.76 perches has been valued by the Government Chief Valuer on 17
March 2017, at a value of Rs. 699Mn.

As per schedule 2 and schedule 3 of the Presidential grant no 4/10/22311 dated 17 March 2017 granted under chapter 454 23(2) of the
State Land Ordinance, the land and buildings shall be used solely for the activities of the Institute of Chartered Accountants of Sri Lanka
(CA Sri Lanka) and shall not be used for any other purpose. Further, CA Sri Lanka cannot alienate the land and buildings referred to
therein without the prior approval of the Commissioner of Land.
3.2 The building rented out for SAB Campus has been categorised as Right of use asset.

CA SRI LANKA | Integrated Annual Report 2022 97