Page 111 - CA Sri Lanka Integrated Annual Report 2023

22 OTHER EXPENSES
For the year ended 31 December 2023 2022
Rs.'000 Rs.’000
Legal and Professional fees 8,813 4,944
Auditors' remuneration 500 419
Bank charges and commissions 14,002 11,571
General expenses 48,135 41,208
Total other expenses 71,450 58,142

23 OTHER OPERATING INCOME
For the year ended 31 December 2023 2022
Rs.'000 Rs.’000

Income from hire of halls 1,739 259
Profit on sale of publications 792 286
Loss on disposal of property, plant and equipment - (10)
(Loss) / Gain on foreign currency transactions (8) 1
Miscellaneous income 2,846 1,500
Total other operating income 5,369 2,036

24 NET FINANCE INCOME
24.1 Finance income

For the year ended 31 December 2023 2022
Rs.'000 Rs.’000
Interest income from,
Government securities 334,213 183,347
Fixed deposits 52,084 52,846
Staff loans 735 7,393
Total finance income 387,032 243,586
24.2 Finance cost
Interest on bank loans - (1,677)
Interest on lease liability (5,410) (6,851)
Total finance cost (5,410) (8,528)
Net finance income 381,622 235,058

25 INCOME TAX EXPENSE
Reconciliation between current tax expenses and the accounting income over expenditure;
For the year ended 31 December 2023 2022
Rs.'000 Rs.’000
Income liable for tax 392,582 239,180

Taxation 54,961 33,485
Charge for the year 54,961 33,485

Tax liability for the year 2023 is computed at the rate of 14%.

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