Page 101 - CA Sri Lanka Integrated Annual Report 2023

3 PROPERTY, PLANT AND EQUIPMENT
Cost
Land Buildings Right of Improvements Furniture, Plant and Motor Computers, Capital Total
use asset to right of fixtures machinery vehicles servers & IT Work In
use and equipment Progress
asset fittings
Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.’000
Balance as at 1 699,000 507,569 106,373 36,849 110,799 151,304 12,282 93,304 - 1,717,480
January 2022

Additions - 1,409 - 32,277 17,590 4,021 - 16,533 - 71,830
Disposals - - - - (30) - - - - (30)
Balance as at 31 699,000 508,978 106,373 69,126 128,359 155,325 12,282 109,837 - 1,789,280
December 2022
Additions - 470 - - 45,673 1,679 - 29,880 5,803 83,505
Disposals - - - - (151) - - - - (151)
Balance as at 31 699,000 509,448 106,373 69,126 173,881 157,004 12,282 139,717 5,803 1,872,634
December 2023

Accumulated depreciation
Land Buildings Right of Improvements Furniture, Plant and Motor Computers, Capital Total
use asset to right of fixtures machinery vehicles servers & IT Work In
use and equipment Progress
asset fittings
Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.’000
Balance as at 1 - 165,123 14,183 695 78,827 126,057 12,231 54,657 - 451,773
January 2022

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

Depreciation - 7,930 9,878 7,529 15,522 5,233 15 15,194 - 61,301
charge for the year
Depreciation on - - - - (151) - - - - (151)
Disposals
Balance as at 31 - 188,004 33,939 13,996 103,427 140,169 12,261 81,240 - 573,036
December 2023
Carrying
amounts
As at 31 699,000 321,444 72,434 55,130 70,454 16,835 21 58,477 5,803 1,299,598
December 2023

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

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. 699 Mn.
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 SAB Campus building which is on lease has been categorised as Right of use asset.

CA Sri Lanka Integrated Annual Report 2023 99