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Contents

05 President’s Message
06 113th AGM Agenda
07 112th AGM Minutes
09 Annual Report 2017
18 Auditor’s Report
19 Balance Sheet
20 Income & Expenditure Statement
21 Notes to Accounts

A N N U A L R E P O R T 2 0 1 7 / 18 3
4 ANNUAL REPORT 2017/18
PRESIDENT’S MESSAGE
It gives me great pleasure to forward this ities, we indulge in several road safety projects. Under
message on behalf of the Executive Committee of the the Decade of Action 2011-2020, we have carried out
Automobile Association of Ceylon. various awareness projects from inception.

This year, under review, had been a very Our motto is “Partner in Motoring”. During this year
successful financial and eventful period. We under review, with the assistance of the FIA and the
recorded an income of Rs.92.6 million against an FIA Foundation, we received grant from FIA to conduct
expenditure of Rs.80 milion for the year 2017 the Project M known as “Don’t Hit & Run”. Under this
and earned a net income over expenditure of project we conducted several awareness seminars,
Rs.10.6 million as surplus after taxation. Surplus was workshops and demonstrations in many parts of the
not our goal. Instead we focus mainly on operating island including the Metro City Colombo, to educate
efficiently in several cost centres which mostly the driving school instructors so that they will
has not given the desired results earlier. in turn train the prospective drivers about good road
Membership sustainability and growth, etiquette and road safety.
revenue from Technical Department activities, rent
income are some of those areas well concentrated Our holiday bungalows, auditorium and boardroom
which yielded a good result. are well sought after. The recreational sections are
also well patronized.
The expenditure, in spite of the escalating cost
of living and other allied reasons, had been The headquarter and millennium buildings are in
monitored periodically by your Committee and satisfactory condition. Fourth floor of the millennium
high financial control and restrictions applied. This building was renovated and rented out. A generator
resulted to obtain a satisfactory profit for the year. has been installed in the headquarter building. It is
proposed to put up roof on the roof garden of the
We are confident that our members will headquarter building and the Colombo Municipal
appreciate the performance of the Council approval is awaited.
Committee and the confidence they had on us.
The oldest lift in the headquarter premises need
We are also pleased to inform that all these urgent replacement and arrangements are being
financial successes we achieved although we have not made to replace same.
increased the annual subscription since October
2008. We are also studying the feasibility of installing solar
energy to our premises in order to reduce our monthly
Our customary services and facilities had electricity bill.
given great satisfaction to our members,
especially among the senior members who I wish to conclude by stating that the Association’s
sought our assistance, in their hour of need, have century old heritage will provide us with a strong
appreciated the prompt and efficient services. foothold to meet the challenges in the future.

We intend to establish accredited garage services in I also take this opportunity of recognizing the
the Northern and Eastern Provinces. guidance and support of our Executive Committee
members and the dedication of our management and
Our affiliation to the international organizations staff and the other support extended by our members
have been very cordial and in recognition and partners, which I am confident, will continue to be
our Association continue to be the Vice the main driving force of the Association.
President of the Federal Internationale de l’
Automobile (FIA) Region II; Member of the World
Council; Member of the National Road Dhammika Attygalle
Safety Council of the Ministry of Transport and
President
Member of Public Utilities Commission of Sri Lanka.

Our prime concern is the road safety of the motor-


ists. As Community Social Responsibility (CSR) activ-

ANNUAL REPORT 2017/18 5


AUTOMOBILE ASSOCIATION OF CEYLON
113TH ANNUAL GENERAL MEETING
The 113th Annual General Meeting of the Members of the Automobile Association will be held in the
Association Auditorium on Friday, 29th June 2018 at 6.00 p.m.

AGENDA
1. To read the Notice convening the meeting.
2. To confirm the Minutes of the 112th Annual General Meeting held on 30th June 2017.
3. To adopt the Report of the Executive Committee for the year ended 31st December 2017.
4. To adopt the Audited Accounts of the Association for the year ended 31st December 2017.
5. To appoint Auditors for the Year 2018.
6. Resolutions, if any
7. To elect a Patron and Vice Patrons.
8. Any other business [in compliance with Rule 25 (g) of the Revised Consolidated Rules in Force]
(“Any other business of which two weeks’ notice shall have been received in accordance with
these Rules”).
9. Other Business as the Executive Committee may determine.

By Order of the Executive Committee


Devapriya Hettiarachchi
Secretary

MEMBERS KINDLY NOTE


Admission to the meeting will be on production of valid Membership Card.
The 112th AGM Minutes, Annual Report, Audited Accounts will be sent to members in CD-format. Those who
are desirous of obtaining a hard copy should make a written request to the Secretary on or before 2nd June
2018.
Telephone: 0112446074
Email: aacmotor@sltnet.lk

6 ANNUAL REPORT 2017/18


AUTOMOBILE ASSOCIATION OF CEYLON
112TH ANNUAL GENERAL MEETING – MINUTES
The Minutes of the 112th Annual General Meeting of the Members of the Automobile Association
of Ceylon held in the Auditorium of the Headquarters Premises of the Association at Galle Face, on
Friday, 30th June 2017 at 6.00 p.m.

PRESENT: Mr. Dhammika Attygalle (President) in the Chair


Messrs Ananda Dangalla, P B Kulathunga, S H Amerasinghe, Sisila Indraratne, R Udayakumar, Frank
de Silva, C U de Silva (Senior), C U de Silva, D Rupasinghe, M De Alwis Samarasinghe, Errol Smith,
Haritha D M Wijewardene, S Edirisinghe, S L Gamage, V Rajendran, D G O Dias, Keerthi Gunawardena,
Prasanna de Zoysa, Deshabandu Dr L Weerasena, Messrs. S Mannapperuma, P H Liyanage, M J M Husni,.
S V Ganesh, S Ravi, N Z Passela, Buddhika Dondanwela, Deepal Gunaratne, Sardha Rasaputra, Suresh
Kandiah, Romesh Kandiah, Channa Lenaduwa, Ranjith Haputhanthri, J M N C Paiva, Dr Vijaya Corea,
Messrs Thilak S Arachchige, Dr D T R Gunawardena, Messrs L N Corteling, N P Siripala, Dampiya
Banagala, H E R de Silva, M C M L Fernando, Sumedha Jayasinghe, Sarath Withana, T K Saideen,
Srikantha Perera, Nihal Hewage, Dr S K Pathiraja, Mrs D Lankage, Ms Ruwani Wickramaratne, L G N
Perera, T Liyanaarachchi, F Badurdeen, Messrs Anton Kandiah, C L Liyanasuriya and Devapriya
Hettiarachchi (Secretary)

On Invitation: Mr Lincoln Piyasena (representing Auditors M/s B R de Silva & Company).

EXCUSES: Mr A H T Weerakoon, Capt. S Senthooselvam, Messrs Abbas Esufally, T Wirasinghe, Gehan


M Dias, Mrs Gowri Indraratne, Messrs Ameen Bhaila, Upali Gooneratne P.C., T Gulamhussain, M H Ariff,
K Y G Prematilleke,S S K Solomon, N K Punchihewa, J M Chandradasa and Buwaneka Abeysuriya

112TH ANNUAL GENERAL MEETING – MINUTES


The Minutes of the 112th Annual General Meeting of the Members of the Automobile Association
of Ceylon held in the Auditorium of the Headquarters Premises of the Association at Galle Face, on
Friday, 30th June 2017 at 6.00 p.m.

At the outset, the President Mr Dhammika Attygalle extended a warm welcome to all members who
were present for the 112th Annual General Meeting of the Association and called the meeting to
order.

1. Notice
At the request of the President, Mr Devapriya Hettiarachchi Secretary read the Notice convening the
meeting.

2. Minutes
2.1 Minutes of the 111th Annual General Meeting
The Minutes of the 111th Annual General Meeting held on 11th June 2016 was tabled.
The President said the Minutes were circulated among the members and if it is in order it could be
proposed and seconded.
Thereafter, the Minutes were confirmed, proposed by Mr Sarath Withana and seconded by
Mr Channa Lenaduwa.

3. Annual Report for the period ended 31st December 2016


The President said the Annual Report was circulated among the members and if it is in order it could
be proposed and seconded.

ANNUAL REPORT 2017/18 7


Thereafter, the Annual Report was adopted, proposed by Mr Frank de Silva and seconded by
Mr Udayakumar.

4. Audited Accounts for the period ended 31st December 2016


Audited Accounts for the period ended 31st December 2016 were placed before the House for
adoption.

Mr Frank de Silva inquired as to why there are no notes for the Balance Sheet presentation.

It was explained to Mr Frank de Silva that this is the format submitted to the members on Accounts
for the AGM. He was reminded that even when he was a Committee Member, the same format was
followed and if further details are required, a member could visit the general office and obtain the
required particulars.

At the request of the President, Mr Lincoln Piyasena, Auditor, M/s B R de Silva & Company stated that
this format of presentation had been followed in the past due to various constraints including cost
of printing etc. However, he advised that in future the Association could circulate the AGM matters
including the Accounts with Notes on a CD and the hard copy could be sent to members who require
same.

The House accepted unanimously this proposal.


Audit Report was adopted proposed by Mr Sisila Indraratne and seconded by Mr Haritha
Wijewardene.

5. Appointment of Auditors
The President informed that M/s B R de Silva & Company by their letter dated 31st May 2017 has
confirmed their willingness to accept appointment as Auditors of the Automobile Association of
Ceylon for the year ending 31st December 2017 for a fee of Rs.100,000/- + taxes.

The President proposed that M/s B R de Silva to be appointed for the year 2017.
This was unanimously approved by the House.

6. Resolutions
There were no Resolutions received.

7. To Elect a Patron and Vice Patrons


7.1 To Elect a Patron
The President from the Chair proposed the name of President of the Democratic Socialist Republic of
Sri Lanka (His Excellency Maithripala Sirisena).
This was unanimously approved.

7.2 To Elect Vice Patrons


The President from the Chair proposed the following names:-
a) Minister of Tourism, Development, Christian Affairs and Land(Hon John Amaratunga, M.P., Life
Member AAC).
b) Minister of Transport and Civil Aviation (Hon Nimal Siripala de Silva, M.P.).

8. Any Other Business


There were no other matters for discussion

9. Other Business as the Executive Committee may determine


There was no discussion under this caption.
Thereafter the President adjourned the meeting.
8 ANNUAL REPORT 2017/18
ANNUAL REPORT 2017

The President and the Executive Committee have pleasure in presenting the 113th Annual Report and
Audited Accounts of the Association for the period ended 31st December 2017.

Introductory
This Report summarizes the main activities and performances of the Association concerning day to
day services assigned and rendered for the benefit of the members.

Executive Committee
The Executive Committee held its regular monthly meetings during the period July 2017 to May 2018.

Mr Dhammika Attygalle – President


Dr Vijaya Corea – Vice President
Mr P H LIyanage J.P. – Vice President

Committee Members
Deshabandu Dr Lakshman Weerasena
Mr Upali Gooneratne P.C.
Mr Ananda Dangalla
Mr S Manapperuma J.P.
Mr S V Ganesh
Mr S Ravi
Mr N Z Passela
Mr Thilak S Arachchige
Mr Dampiya Banagala
Mr Prasanna De Zoysa
Mr Keerthi Gunawardena
Mr P B Kulatunga

Financial Highlights
It is with great pride and sense of satisfaction we are presenting a well performed set of audited
accounts for year ended 31st December 2017.

We wish to bring to your kind notice that in spite of economic inflation and financial constraints we
are very successful to achieve a good and impressive income compared to previous years.

The whole-hearted efforts of your Committee and the close monitoring and supervision of revenue
management has resulted in the operational expenses kept at a minimum.

Every effort was made to revitalize the loss incurring cost centres and corrective measures were taken
for improvements.

We were also able to obtain successful results from all the cost centres thereby the income over
expenditure prior to taxation was Rs.12,519,178.00 which is almost a 100% increase compared to the
corresponding period last year.

The non-current assets were increased by nearly 20 million during this period.

Whilst concentrating income from the cost centres attention was given for better service and facilities

ANNUAL REPORT 2017/18 9


to members and not forgetting our commitments on Road Safety.

During this year under review 3,172 new members and 191 life members were enrolled against 2,386
members in the preceding year. Your Committee has not increased the annual, ordinary membership,
life membership subscription for the last ten years but we have offered more benefits and facilities to
members.

You will find from the financial statements that we have taken all efforts to increase our membership
and we have offered special discounts in order to promote AA membership and encourage motorists
to enjoy our services and facilities.

We are therefore confident that the members will appreciate this achievement by the Committee
and the trust placed upon us, in spite of the financial restrictions, escalating cost of living and not
forgetting the less income from investments.

We reiterate that although we have achieved a financial gain this year, the Association has not
increased its membership subscription since 2008.

Our members are now eligible for special discounts on batteries, tyres, insurance and special facilities
at reduced rates are available with some spare parts, accessories dealers and car wash centres.

We give the following bar charts in respect of the last 3 years Income & Expenditure which will
enlighten the members the progress your Committee has made during this period.

10 ANNUAL REPORT 2017/18


Financial highlights for past 3 years with Bar Chart

2017 2016 2015
Toatl Income 92,601,607 74,596,613 68,871,335
Total Expenses 80,082,429 68,461,014 62,278,980

ANNUAL REPORT 2017/18 11


Obituary
The Committee announces with deep regret the passing away of members during this period
under review viz. Dr K M C de Silva, Messrs. Amyn Chattoor, T D V Fernando, Mahadeva Bhagwan,
X A R Fernando, Lionel Leanage, Neville Asirwatham, P C F Perera, K B Ariyaratne Hettiarachchi,
Graham Dissanayake. who had contributed to our Association and maintained their membership.
May the turf lie lightly on them.

Road Service Facilities


The Road Service is the backbone of the Association which provides 24x7 hours breakdown service
from the AA headquarters which is popular and well sought after by our members. The Road Service
has been highly commended specially by senior members for their prompt and efficient service.

The Association upgraded their motor cycle fleet regularly in order to provide an efficient service to
members.

The uneconomical vehicles are replaced with new vehicles. A Nitrogen tyre pump is available at the
AA headquarters for the convenience of our members, free of charge.

Nuwara Eliya Call Box,and Hanwella Call Box are given a new facelift.

The Kandy Branch Office is now relocated at No.35/2-5-9 Silverdale Shopping Complex,
Yatinuwara Veediya, Kandy, Telephone No.081-7201020 and this Branch Office is reorganized to issue
International Driving Permits and Valuation Reports, in addition to the customary road service
assistance.

Members are kindly requested to recommend suitable garages in these provinces.

Accredited garages are available in most parts of the island to provide services to members.

We are now in the process to have easy access by our members to these accredited garages with the
assistance of an Insurance Agent.

As you are aware the Road Service also provides valuable information on road conditions during
the inclement weather, not only to our members but also to various institutions and to the print and
electronic media.

Our members always rely on our mileage information.

Your comfort on road and safety is our vision.

We therefore wish our members to give their comments and suggestions on any improvements tour
services and facilities.

AAC Aid Points/Accredited Garages


We have a number of Aid Point Garages in the island. The list of these garages are printed elsewhere.

These garages which are well equipped and can handle any kind of breakdowns are available to our
members at the time of need. We intend to extend these facilities to our motoring members in the
Northern and Eastern Provinces.

12 ANNUAL REPORT 2017/18


Technical Services
This section is providing a satisfactory service not only to our members but also to Banks, many
financial institutions, public and private entrepreneurs and also government institutions.

Our valuation reports are highly accepted by Banks and financial companies.

In addition this section provides technical advice and assistance to our members who face various
technical difficulties with their vehicles.

Registered Drivers
This is an additional service provided by our Association especially to our senior members.
We have very few drivers in our pool. We therefore kindly request at least 24 hours notice to provide
this service. You may kindly contact our Road Service Section (Tel: 011242158 Extn.210/213).

Free Legal Defence


At present we have a lawyer at Hulftsdorf Court but this service is much sought after by many
members. In order to increase the traffic lawyers in other parts of the island, we would appreciate if
you could recommend suitable traffic lawyers.

Touring
12,116 International Driving Permits were issued during this period. We have also
issued Carnet de Passages (CPD) to take their vehicles temporarily out of the country.
Similarly, we have a few vehicles temporarily imported into the island during this period.

Official Magazine
The official magazine “The Record” was published once a year in the month of June during the AGM
in order to incorporate the items such as Annual Report, Audited Accounts etc.

It was unanimously decided at the last AGM to send the AGM subject matters in a CD format.
Therefore, we will not have the printed version for the month of June..

The Menu Card is sent to our members monthly.

Members and any organization desirous of advertising in our monthly publication may contact the
Secretary. Advertising rates are reasonable.

International Relations
You are aware that our Association is affiliated to the Federation Internationale de l’Automobile (FIA)
based in Geneva, Switzerland which enables our members to enjoy global benefits.

Mr Jean Todt, President FIA was once again elected for a 4-year term of office.

For Region II AA New Zealand was elected as President, AA Australia as Treasurer


and AA Japan, AA Singapore and AA Sri Lanka as Vice Presidents until year 2021.

Since our Association is in the FIA Administrative Forum, our Association’s proposals to fund Road
Safety projects are being favourably considered.

ANNUAL REPORT 2017/18 13


Taking into account our commitments and efforts, the FIA awarded our Association the Road Safety
Programs such as Project M “Don’t Hit & Run”.

Under the FIA Mentor/Mentee Program our Association trained the Nepal Automobile Sports
Association (NASA) officials on the issuance of International Driving Permits, Carnet de Passages and
promotion of membership, in order to establish a similar Association in their country. They were also
given a demonstration on defensive driving at the driving school in Sooriyawewa.

Some of the Executive Committee members and staff of our Association have had the opportunity of
attending some educative programs conducted abroad by FIA which included a University program
(known as Customer Experience and Innovations) and issuance of International Driving Permit and
Carnet documents.

The cost of travel and accommodation were borne by the organizers. This year the Mobility
Conference Week was held in Tokyo Japan and 4 of our Executive Members participated.

14 ANNUAL REPORT 2017/18


Premises & Buildings
The AAC headquarter building is maintained in optimum condition. You are aware that we drew plans
for the construction of the rooftop, not only to avoid the leak on the roof garden but also provide
extended facilities to our members.

We are pleased to inform you that this construction will commence once we receive the approval from
the Colombo Municipal Council.

Your Executive Committee is also concentrating to install solar energy electricity to the headquarter
building in order to minimize electricity bills. Necessary feasible study is carried out and quotations are
called for.

A Generator was installed as there were regular power failures in the area. The Millennium Building is
also maintained well. The rooftop (4th floor) of this building was completely redone and is now rented
out. A portion of the 4th floor in the Millennium Building is utilized by the Association for its purposes.
All areas in our building are now occupied.

The Bar & Billiard premises were given a facelift and the toilets were constructed newly in order to
have more space for recreational facilities. The Auditorium and Boardroom are hired for meetings and
functions and well patronized by our members.

The oldest lift in the headquarter building needs urgent replacement and arrangements are now being
made to install a new lift by ETA Melco Engineering (Pte) Ltd after evaluating several quotations were
received from various suppliers.

Road Safety
As our motto is “Partner in Motoring” our prime concern is the road safety.
Under the FIA “Decade of Action for Road Safety 2011-2020” our Association indulges in various road
safety programs and projects.

With the assistance of FIA and FIA Foundation, the Association was awarded the Project M known as
“Don’t Hit & Run”. The inaugural ceremony was held in the AA headquarters with a workshop. This
project was to educate mostly the Driving School Instructors so that they could in turn train
prospective drivers about road etiquette, road safety and help the road accident victims at the hour of
need and not to neglect injured persons.

Under this project workshops were also held in Jaffna and Matara.

Membership
The Association took part in the motor show at the BMICH and exhibited a stall to promote
membership and sell many AA branded items. A special discount of 20% was given to the newly
joining members as an incentive to join our Association and enjoy its services and facilities.

Membership cards are now issued to members over the counter. In order to bring awareness of the
Association services and facilities, regular newspaper advertisements and social media advertising are
being promoted.

Welfare & Recreation


The welfare and recreation to members include the AA lounge and the Billiard Section. These facilities
are well patronized by our members and their friends. The prices of items sold are reasonable and we
also have an excellent catering service.

ANNUAL REPORT 2017/18 15


New bar toilets were constructed. On every Wednesdays, Fridays and Saturdays, a musical band is in
attendance to provide entertainment. Members will appreciate that in spite of the
exorbitant increase in the Excise liquor licencefee, we maintain a reasonable price on liquor items.

The Billiard Section has become a popular recreational facility among the Billiard & Snooker
enthusiasts. The Billiard Tables were refurbished with new cloths. The Association together with
Sinhalese Sports Club (SSC) conducted the Annual Billiard & Snooker Inter Club Tournament at the AA
premises.
At the request of the Billiard & Snooker Association of Sri Lanka, the AA Billiard Tables were used for
several tournaments on payment.

Our Billiard Chairman Mr N Z Passela was elected as the President of the Billiard &Snooker Association
and our Billiard Secretary and Consultant Mr Anton Kandiah. was elected as Treasurer for 4 years.

Holiday Bungalows
The Association provides holiday bungalows at Weerawila, Kalpitiya, Kandy, Anuradhapura, Nuwara
Eliya, Diyatalawa and Trincomalee at reasonable rates.

Several members enjoy these facilities. Except the Weerawila bungalow all other bungalows are being
maintained by its owners.

Staff
The staff are given several courses and workshops to improve the office and other sections of
the Association and to improve customer care and etiquette. Some staff were given training on
membership, issuance of International Driving Permit and carnet, customer experience and
innovation under the FIA University Grant Program.

The staff and families celebrated the Annual Christmas Get-together. Two months bonus was paid to
staff in December and one-month bonus was paid in April during the Sinhala/Tamil New Year.
As usual, the staff went on an annual picnic

16 ANNUAL REPORT 2017/18


The Staff Welfare organized a religious ceremony to mark the 113th Anniversary of the
Association.

General
A health camp was held at Kamburupitiya and donations and gifts were received from some of our
Committee Members. The Association expressed its gratitude to the IGP, DIG (Traffic) and the Traffic
Police who usually assist in all our projects.

The Committee also is pleased to express its appreciation for the loyal and ungrudging services
rendered to the Association by the staff of all grades led by Secretary, Consultant and the Engineer.

The President takes this opportunity to thank all Members of the Executive Committee for their
valuable advice and support so extended at all times and also not forgetting each and every member
of the staff.
Last but not the least he also conveys his sincere thanks to all those members, who placed their
confidence in him and his team during this period.

Acknowledgement
The President and the Executive Committee acknowledges with gratitude the continued cooperation
and the valuable assistance received from the Sri Lanka Police, Department of Motor Traffic, Survey
General’s Department, Road Development Authority, Excise Department, Colombo Municipal Council
and all local authorities, the National Council for Road Safety, the Billiards & Snooker Control Council
of Sri Lanka, our Partners M/s Julius & Creasy, Attorney-at-Law, and M/s Anton Fernando Associates
and our Auditor M/s B R de Silva.

We wish you all every success in all your endeavours and a Happy Accident Free Motoring.

ANNUAL REPORT 2017/18 17


INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF
THE AUTOMOBILE ASSOCIATION OF CEYLON
1. Report on the Financial Statements
We have audited the accompanying financial statements of The Automobile Association of Ceylon,
which comprise the Statement of Financial Position as at 31st,December, 2017, and the Income &
Expenditure Statement, Statement of Cash Flow for the year ended, and a summary of significant
accounting policies and other explanatory notes.

2. Committee’s Responsibility for the Financial Statements


The Committee Members (“Committee”)are responsible for the preparation of these financial
statements that give a true and fair view in accordance with Sri Lanka Accounting Standard for Small
and Medium sized Entities and for such internal control as the Committee determines is necessary to
enable the preparation of financial statements that are free from material misstatements, whether
due to fraud or error.

3. Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with Sri Lanka Auditing Standards. Those standards require that
we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance
whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend on the auditor’s judgment,
including the assessment of the risks of material misstatement of the financial statements, whether
due to fraud or error. In making those risk assessments, the auditor considers internal control relevant
to the entity’s preparation of the financial statements that give a true and fair view in order to design
audit procedures that are appropriate in the circumstances, but not for the purpose of expressing
an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of accounting estimates made
by the Committee as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our audit opinion.

4. Opinion
In our opinion, the financial statements give a true and fair view of the financial position of the
Association as at 31st December 2017, and its financial performance and cash flows for the year then
ended in accordance with Sri Lanka Accounting Standards for Small and Medium sized Entities.

5. Report on Other Legal and Regulatory Requirements


As required by section 163 (2) of the Companies Act No. 07 of 2007 we state the following:

a) The basis of opinion and scope and limitations of the audit are as stated above.
b) In our opinion:
we have obtained all the information and explanations that were required for the audit and
as far as it appears from our examination, proper accounting records have been kept by the
Association.
Sgd. B.R. DE SILVA & CO.
Chartered Accountants
Colombo 05
Date 15th May 2018
LCP/NM/kl

18 ANNUAL REPORT 2017/18


Automobile Association of Ceylon
STATEMENT OF FINANCIAL POSITION
AS AT 31ST DECEMBER, 2017 2016
ASSETS Notes Rs. Cts. Rs. Cts.
NON CURRENT ASSETS
Property, Plant and Equipment (3) 61,318,125.82 41,618,149
Intangible Assets (3) 330,016.25 63,175
Investment Property (4) 41,261,301.55 41,094,582
102,909,443.62 82,775,906

CURRENT ASSETS
Inventories (5) 4,253,928.31 5,357,515
Debtors and Prepayments (6) 6,142,060.13 5,595,678
Short term Financial Assets (7) 44,362,453.35 49,118,108
Cash & Cash Equivalents (8) 289,213.62 290,771
Quoted Company Investments (9) 2,657,973.00 1,892,470
57,705,628.41 62,254,542
TOTAL ASSETS 160,615,072.03 145,030,448

FUNDS EMPLOYED
Accumulated Fund B/F 105,069,354.48 100,025,462
Add: Excess of Income over Expenditure for the Year 10,554,445.97 5,043,892
115,623,800.45 105,069,354

NON CURRENT LIABILITIES


Retirement Benefit Obligations (10) 7,660,200.00 7,785,963
Other Financial Liabilities (11) 5,605,068.98 1,282,901
13,265,268.98 9,068,864

CURRENT LIABILITIES
Other Current Financial Liabilities (11) 7,200,440.40 7,489,527
Sundry Creditors (12) 16,560,407.99 16,772,336
Subscriptions in Advance (13) 4,156,523.96 3,451,233
Income Tax Expenses (14) 3,808,630.25 3,179,134
31,726,002.60 30,892,230
TOTAL LIABILITIES 160,615,072.03 145,030,448

The Committee Members are responsible for the preparation and presentation of these Financial
Statements.

Signed for and on behalf of the Committee by:

Sgd. Dhammika Attygalle Sgd. Devapriya Hettiarachchi


PRESIDENT SECRETARY

ANNUAL REPORT 2017/18 19


Automobile Association of Ceylon
Income & Expenditure Statement
For the Year Ended 31st December 2017 2016
Notes Rs. Cts. Rs. Cts.
INCOME
Membership Income (15) 18,746,645.66 17,466,926
Income from Bar (16) 1,103,817.78 1,800,492
Life Memberships & Donations 3,864,036.57 3,058,839
Income from Car Washings & Towing (17) 715,692.04 787,004
Income from Badges / Maps (18) 93,293.42 52,234
Income from International Driving Permits (19) 10,021,700.00 8,423,211
Valuation Fees & Fitness Tests (20) 4,549,588.21 3,210,917
Other Income (21) 31,559,131.52 24,304,329
Rental Income (22) 16,709,869.41 11,191,724
Finance Income (23) 5,393,917.32 4,658,011
92,757,691.93 74,953,687
Loss from Billiards (156,084.54) (357,074)
92,601,607.39 74,596,613

LESS: EXPENSES
Expenses on Services to Members (24) 19,447,437.10 17,673,610
Promotional & Marketing Expenses (25) 23,184,363.58 14,696,254
Professional & Other Expenses (26) 1,709,001.94 2,565,011
Administration & Establishment Expenses (27) 35,741,627.06 33,526,140
80,082,429.68 68,461,015

Profit from Operations 12,519,177.71 6,135,598


Excess of Income over Expenditure before 12,519,177.71 6,135,598
Taxation
Income Tax Expenses (1,964,731.74) (1,091,706)
Excess of Income over Expenditure after 10,554,445.97 5,043,892
Taxation

20 ANNUAL REPORT 2017/18


Automobile Association of Ceylon
Statement of Cash Flow
For the Year Ended 31st December 2017 2016
Cash flow from/(Used in) Operating Activities Rs. Rs.
Net Profit before Income Tax 12,519,178 6,135,598
Adjustments for
Provision for Defined Benefit Plans 1,498,987 1,530,813
Depreciation for the Year 4,556,220 4,648,345
Amortization 3,159 3,325
(Gain)/Loss in value of Shares (15,056) 191,884
Lease Interest 715,956 1,074,345
Subscriptions in Arrears Written off - -
(Profit)/Loss on Disposal of Property , Plant & Equipment (2,632,912) (947,165)
Operating Profit/(Loss) before Working Capital Changes 16,645,532 12,637,145

(Increase)/Decrease in Inventories 1,103,587 (1,278,026)


(Increase)/Decrease in Trade and Other Receivables (546,384) 1,056,093
Subscriptions Received in Advance 705,291 (702,772)
Increase/(Decrease) in Trade and Other Payables (211,928) 5,034,939
Cash Generated from Operations 17,696,098 16,747,379

Gratuity Paid (1,624,750) (342,500)


Income Tax Paid (1,335,235) (1,501,678)
Net Cash from/(Used in) Operating Activities 14,736,113 14,903,201

Cash Flow from /(Used in) Investing Activities


Proceeds from disposal of Property, Plant & Equipment 4,276,251 1,325,000
Refund of Fixed Deposits - -
Investment in Fixed Deposits (15,345,420) (190,270)
Acquisition of shares (750,447) -
Acquisitions of Property, Plant & Equipment (26,336,254) (11,723,747)
Net Cash Flow used in Investing Activities (38,155,870) (10,589,017)

Cash Flow from/(Used in) Financing Activities


Lease Rental Paid/Obtained (5,214,731)
Loan received 7,247,900
Loan Repayments (3,936,175) 455,375
Net Cash Flow from/(Used in) Financing Activities 3,311,725 (4,759,356)

Net Increase/(Decrease) in Cash & Cash Equivalents (20,108,032) (445,172)


Cash & Cash Equivalents at the beginning of the year 42,643,065 43,088,237
Cash & Cash Equivalents at the end of the year 22,535,033 42,643,065
Note (A)
Analysis of Cash & Cash Equivalents
Cash in Hand 34,397 41,540
Cash at Bank 254,817 249,231
Bank Overdrafts (4,116,634) (4,111,404)
Fixed Deposits 103,494 94,961
Re-purchase Agreements 26,258,959 46,368,737
22,535,033 42,643,065
ANNUAL REPORT 2017/18 21
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER, 2017

1. CORPORATE INFORMATION

1.1 General

Automobile Association of Ceylon is incorporated under Act No. 19 of 1957. The registered office of
the Association and the principal place of business are located at No. 40, Sir Mohamed Macan Marker
Mawata, Colombo 03.

1.2 Principal Activities and Nature of Operations

During the year, the principal activities of the Association were providing Automobile Services to
Members.

1.3 The Notes to the Financial Statements on pages (04) to (22), form an integral part of the
Financial Statements.

1.4 Number of Employees

The number of employees at the end of the year was 53 (December 2017).

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.1 General Policies

2.1.1 Basis of Preparation

The Statement of Financial Position, Statement of Income & expenditure, Cash Flow, together with
accounting policies and notes (“Financial Statements”) of the association as at 31st December
2017 for the year then ended’ comply with all material aspects of the applicable Sri Lanka Financial
Reporting Standards for SMEs.

These financial statements presented in Sri Lanka Rupees have been prepared on a historical cost
basis.

2.1.2 Comparative Information

The Accounting Policies have been consistently applied by the Association and are consistent with
those used in the previous year.

2.1.3 Taxation

(a) Current Taxes

The provision for income tax is based on the elements of income and expenditure as reported in the
financial statements and computed in accordance with the provisions of the Inland Revenue Act.

Tax has been provided on interest earned and rent received.

22 ANNUAL REPORT 2017/18


2.2 Valuation of Assets and their Measurement Bases

2.2.1 Inventories

Inventory is valued at the lower of cost and net realizable value by the Management.

2.2.2 Receivables

Receivables are stated at the amounts they are estimated to realize net of provisions for bad and
doubtful debts.

2.2.3 Cash and Cash Equivalents

Cash and cash equivalents are defined as cash in hand, demand deposits and short term highly
liquid investments, readily convertible to known amounts of cash and subject to insignificant risk of
changes in value.

2.2.3.1 Property, Plant & Equipment

(a) Cost

Property, Plant & Equipment are recorded at cost less accumulated depreciation.

2.2.3.1 Property, Plant & Equipment (Cont…)

(a) Restoration Costs

Expenditure incurred on repairs or maintenance of Property, Plant and Equipment in order to restore
or maintain the future economic benefits expected from originally assessed standard of performance
is recognized as an expense when incurred.

(b) Depreciation

The provision for depreciation is calculated by using a reducing balance based on the cost or
valuation of all Property, Plant and Equipment other than freehold land, in order to write-off such
amounts over the following estimated useful lives. The Principle Annual Rates used are;

Buildings 5%
Air Conditioners 25%
Water Pumps 5%
Bar & Office Equipment 5%
R. S. & Tech; Equipment 25%
Billiard Table 5%
Billiard Room Equipment 5%
Car Washing Bay Equipment 5%
Lift - New Building 5%
Auditorium 5%
Motor Vehicles 25%
Intangible Assets 5%

Depreciation has not been charged in the year of purchase. Full depreciation will be charged in the
year of disposal.

ANNUAL REPORT 2017/18 23


2.2.3.2 Investment Property
* Investment Property is stated at cost model.
* The Investment Property has not been depreciated.

2.2.4 Investments
(a) Current Investments
Current investments in Government Securities are stated at cost.
Investments in quoted securities are stated at fair value.

2.3 Liabilities and Provisions


2.3.1 All known liabilities have been accounted for in preparing the financial statements.
2.3.2 Retirement Benefit Obligations
(a) Defined Benefit Plan - Gratuity
Gratuity is a Defined Benefit Plan. In order to meet this liability, a provision is carried forward in the
Statement of Financial Position, based on a half a month’s salary of the last month of the financial year
of all employees for each completed year of service, commencing from the first year of service.

The gratuity liability is neither funded nor actuarially valued. This item is grouped under provision and
other liabilities in the Statement of Financial Position.

(b) Defined Contribution Plans - Employees’ Provident Fund & Employees’ Trust Fund

Employees are eligible for Employees’ Provident Fund Contributions and Employees’ Trust Fund
Contributions in accordance with respective Statutes and Regulations.

2.4 Income and Expenditure Statement

2.4.1 Revenue Recognition


(a) Revenue due for the financial period is recognized on a cash basis.
(b) Revenue received in advance is carried forward under current liabilities.
(c) Interest income and rent income is recognized on an accrual basis.
(d) Dividend income is recognized on a cash basis.
(e) Others
Other Income is recognized on an Accrual Basis

Net gains and losses of a revenue nature on the disposal of Property, Plant & Equipment and
other non- current assets including investments have been accounted for in the Income and
Expenditure Statement, having deducted from proceeds on disposal, the carrying amounts
of the assets and related selling expenses.

2.4.2 Expenditure Recognition

(a) Expenses are recognized in the Income and Expenditure Statement on the basis of a direct
association between the cost incurred and the earning of specific items of income. All expenditure
incurred in the running of the business and in maintaining the Property, Plant & Equipment in a state
of efficiency has been charged to income in arriving at the profit for the year.

24 ANNUAL REPORT 2017/18


Automobile Association of Ceylon
Notes to the Financial Statements as at 31st December 2017

PROPERTY, PLANT & EQUIPMENT


Cost Balance as at Additions Disposals Balance as at
01.01.2017 31.12.2017
Rs. Cts. Rs. Cts. Rs. Cts. Rs. Cts.

Air Conditioner 3,573,786.00 410,800.00 - 3,984,586.00


New Building-Millennium 30,526,696.00 11,386,831.10 - 41,913,527.10
Water Pump 338,418.73 - - 338,418.73
Bar & Office Equipment 11,282,945.32 1,424,600.60 (165,000.00) 12,542,545.92
R.S.& Tech.Dept Equipment 2,327,729.80 70,124.00 - 2,397,853.80
R.S.Motor Cycles 3,275,087.20 1,263,600.00 (876,249.58) 3,662,437.62
Billiard Table 1,235,000.00 - - 1,235,000.00
New Building -Lift 1,722,989.64 - - 1,722,989.64
Auditorium 515,828.00 - - 515,828.00
Billiard Room Equipment 534,043.50 - - 534,043.50
Car Washing Bay Equipment 190,635.00 - - 190,635.00
Furniture & Fittings - Holiday Bungalow 512,773.00 - - 512,773.00
New Building Rear 50,000.00 - - 50,000.00

ANNUAL REPORT 2017/18


Mazda -Double Cab 5,651,414.00 - (5,639,064.00) 12,350.00
Toyota Hilux Double Cab - 8,610,000.00 - 8,610,000.00

Generator - 2,733,578.50 - 2,733,578.50


Prado Land Cruiser 10,764,725.00 - - 10,764,725.00
72,502,071.19 25,899,534.20 (6,680,313.58) 91,721,291.81

Leasehold Property
Car Carrier 7,574,393.00 - - 7,574,393.00
80,076,464.19 25,899,534.20 (6,680,313.58) 99,295,684.81
Intangible Assets
Bar Software 70,000.00 270,000.00 - 340,000.00
70,000.00 270,000.00 - 340,000.00

25
26
Automobile Association of Ceylon
Notes to the Financial Statements as at 31st December 2017

PROPERTY, PLANT & EQUIPMENT - (Contd…)


Balance as at Charges for Depreciation Balance at W.D.V
01.01.2017 the year of Disposals 31.12.2017
Depreciation Rs. Cts. Rs. Cts. Rs. Cts. Rs. Cts. Rs. Cts.

Air Conditioner 2,048,341.25 381,361.19 - 2,429,702.44 1,554,883.56


New Building-Millennium 13,067,501.86 872,959.71 - 13,940,461.57 27,973,065.53
Water Pump 89,977.59 12,422.06 - 102,399.65 236,019.08
Bar & Office Equipment 3,262,491.08 401,022.71 (50,735.04) 3,612,778.75 8,929,767.17
R.S.& Tech.Dept Equipment 1,682,086.23 161,410.89 - 1,843,497.12 554,356.68
R.S.Motor Cycles 1,310,141.97 491,236.31 (675,538.78) 1,125,839.50 2,536,598.12
Billiard Table - 61,750.00 - 61,750.00 1,173,250.00
New Building -Lift 682,009.59 52,049.00 - 734,058.59 988,931.05
Auditorium 251,032.09 13,239.80 - 264,271.89 251,556.11
Billiard Room Equipment 123,094.77 20,547.44 - 143,642.21 390,401.29
Car Washing Bay Equipment 83,461.60 5,358.67 - 88,820.27 101,814.73
Furniture & Fittings - Holiday Bungalow 120,673.13 19,604.99 - 140,278.12 372,494.88
New Building Rear - - - - 50,000.00

ANNUAL REPORT 2017/18


Mazda -Double Cab 3,973,484.00 419,482.50 (4,310,702.70) 82,263.80 (69,913.80)
Toyota Hilux Double Cab - - - - 8,610,000.00

Generator - - - - 2,733,578.50
Prado Land Cruiser 6,223,356.64 1,135,342.09 - 7,358,698.73 3,406,026.27
32,917,651.80 4,047,787.36 (5,036,976.52) 31,928,462.64 59,792,829.17

Leasehold Property
Car Carrier 5,540,664.13 508,432.22 - 6,049,096.35 1,525,296.65
38,458,315.93 4,556,219.58 (5,036,976.52) 37,977,558.99 61,318,125.82
Amortization
Bar Software 6,825.00 3,158.75 - 9,983.75 330,016.25
6,825.00 3,158.75 - 9,983.75 330,016.25
Automobile Association of Ceylon
Notes to Financial Statements as at 31st December 2017
Note -2
Automobile Association of Ceylon
Notes to the Financial Statements as at 31st December 2017
(4) INVESTMENT PROPERTY

Cost Blance at Additions Disposals Balance as at

01.01.2017 31.12.17
Rs. Cts. Rs. Cts. Rs. Cts. Rs. Cts.
Land 200,000.00 - - 200,000.00
Building 40,894,581.55 166,720.00 - 41,061,301.55
41,094,581.55 166,720.00 - 41,261,301.55

Depreciation Balance as at Charge for Depreciation Balance as at

01.01.2017 the year of Disposal 31.12.16


Building - - - -
- - - -

W.D.V. 41,094,581.55 166,720.00 - 41,261,301.55

ANNUAL REPORT 2017/18


27
Automobile Association of Ceylon
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31ST DECEMBER, 2017 2016
Notes Rs. Cts. Rs.
(5) INVENTORIES
Spirits 2,534,324.88 3,309,469
Ales 33,262.62 97,716
Mineral Water 49,169.15 156,906
Tobacco 229,144.26 229,735
Wine 138,032.54 209,462

Map 15,240.00 147,050


Badges 100,100.00 20,280
Plastic Membership Cards 323,556.00 401,525
Stationery 319,888.70 246,881
Carnet de Passage 34,570.52 48,399
Stickers 25,792.00 25,792
Highway Codes 1,783.00 1,063
Empty Bottles & Crates 86,359.00 86,719
APO Stamps 20,722.00 20,722
Member T Shirts 116,427.64 130,240
Tumblers 159,421.00 159,421
Tea Cups 66,135.00 66,135
4,253,928.31 5,357,515
(6) DEBTORS & PREPAYMENTS

Debtors & Prepayments (6.1) 4,862,043.33 3,708,514

Provision for Doubtful Debts (26,249.00) (26,249)

Deposits & Advances (6.2) 1,291,753.81 1,892,565

Returned Cheques 14,511.99 20,848

6,142,060.13 5,595,678

(6.1) Debtors & Prepayments

People's Finance- PLC- Interest accrued 1,328,241.35 1,135,156


HNB interest accrued 96,739.73 -
Union Bank interest accrued 1,276,875.00 -
Rent Receivable 223,820.00 172,390
Mr. Upali Wickremasinghe 7,300.00 7,300
Brown & Company 80,329.25 92,417
FIA 1,187,351.00 215,531
Mr. N. O. N. Vethanayagam 4,438.00 4,438
Bar Keeper 275,778.27 254,472
Advance Rentals Paid - 500,000
Sundry misc.Debtors 381,170.73 -
Pan Asia Bank - Interest Receivable - 107,611
Seylan Bank - Interest Accrued - 373,098
Nations Trust Bank - Interest Accrued - 604,794
28 ANNUAL REPORT 2017/18
Automobile Association of Ceylon
Accmart Motors Pvt Ltd - 36,550
Seylan Bank -(Cinnamon) Interest - 3,540
Accrued
VAT in Suspense - 201,217
4,862,043.33 3,708,514
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31ST DECEMBER, 2017 2016
Notes Rs. Cts. Rs.

(6.2) Deposits & Advances


Deposit - Weerawila Holiday Bungalow 402,500.00 732,500
Deposits 423,000.00 523,084
Advance Payment for Franking Machine 8,206.41 1,706
Staff - Festival Advances 99,000.00 87,000
Staff Loans 216,300.00 264,350
Staff Purchases 142,747.40 283,925
1,291,753.81 1,892,565

(7) SHORT TERM FINANCIAL ASSETS


Seylan Bank 103,494.44 94,961
Seylan Bank - 5,329,964
People's Finance PLC 26,258,958.91 32,559,492
Pan Asia Bank - 2,690,270
Nations Trust Bank - 8,443,421
Union bank 15,000,000.00 -
HNB 3,000,000.00 -
44,362,453.35 49,118,108

(8) CASH & CASH EQUIVALENTS


Cash in Hand 34,396.95 41,540
Cash at Bank (8.1) 254,816.67 249,231
289,213.62 290,771

(8.1) Cash at Bank


HNB A/C No.115010132323 C/A 19,266.70 25,817
HNB A/C No. 115020198948 S/A 29,326.30 28,381
Seylan Bank 0860 041691 101(SA) 19,822.76 -
HNB A/C No.115020071404S/A 32,909.97 31,849
HNB A/C No.018010001101CU 26,659.78 65,020
Sampath Bank A/C No.002930028366 116,438.12 88,171
Seylan Bank 0860 041692 078(SA) 10,393.04 9,993
254,816.67 249,231
(9) Please refer page No. 30
(10) RETIREMENT BENEFIT OBLIGATIONS
Balance as at Beginning of the year 7,785,963.00 6,597,650
Provision for Retirement Gratuity 1,498,987.00 1,530,813
Payments during the year (1,624,750.00) (342,500)
Balance as at the end of the year 7,660,200.00 7,785,963

ANNUAL REPORT 2017/18 29


30
Automobile Association of Ceylon
Notes to the Financial Statements as at 31st December 2017
THE AUTOMOBILE ASSOCIATION OF CEYLON

NOTES TO THE FINANCIAL STATEMENTS


AS AT 31ST DECEMBER, 2017
(9) QUOTED COMPANY INVESTMENTS
2017
Institutions No. of Market Cost per Total Total
Shares Value per Share MV MV
Share
Rs. Cts. Rs. Cts. Rs. Cts. Rs. Cts. Rs. Cts.
Dialog Axiata PLC 3,960.00 13.00 7.25 51,480.00 41,580.00
HNB 2,560.00 249.00 390.00 637,440.00 576,000.00
HNB 1,432.00 249.00 220.00 356,568.00 -
HNB 34.00 249.00 8,466.00 -
Ceylon Hospitals 10,000.00 83.00 110.55 830,000.00 874,000.00
Ceylon Hospitals 1,512.00 83.00 91.22 125,496.00 -

ANNUAL REPORT 2017/18


Ceylon Hospitals 689.00 83.00 90.00 57,187.00 -
Ceylon Hospitals 1,262.00 83.00 84.00 104,746.00 -
Ceylon Hospitals 1,520.00 83.00 83.92 126,160.00 -
Browns Hydro Power 1,500.00 5.80 10.00 8,700.00 9,900.00
Laugfs Gas PLC 1,500.00 23.50 23.00 35,250.00 49,950.00
Singer Finance Lanka PLC 800.00 15.00 15.00 12,000.00 15,360.00
Panasian Power PLC 29,200.00 2.70 3.00 78,840.00 87,600.00
Union Bank of Colombo PLC 200.00 13.20 25.00 2,640.00 3,080.00
Expo Lanka Holding PLC 10,000.00 5.30 14.00 53,000.00 63,000.00
People's Leasing Co.Ltd. 10,000.00 17.00 18.00 170,000.00 172,000.00
76,169.00 2,657,973.00 1,892,470.00
Automobile Association of Ceylon
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31ST DECEMBER, 2017

(11) OTHER FINANCIAL LIABILITIES

Lease Short Term Long Term Total


Peoples' Leasing& Finance PLC Rs. Cts. Rs. Cts. Rs. Cts.
Lease Creditor 1,333,164.00 5,221,559.00 6,554,723.00
Lease Interest (731,275.07) (1,493,918.41) (2,225,193.48)
601,888.93 3,727,640.59 4,329,529.52

L.B. Finance-Generator
Lease Creditor 1,265,724.00 2,109,540.00 3,375,264.00
Lease Interest (510,838.61) (381,214.82) (892,053.43)
754,885.39 1,728,325.18 2,483,210.57

Loans Short Term Long Term Total


Rs. Cts. Rs. Cts. Rs. Cts.
L.B. Finance 1,702,954.19 - 1,702,954.19
People's leasing PLC 24,077.79 149,103.21 173,181.00
1,727,031.98 149,103.21 1,876,135.19
3,083,806.30 5,605,068.98 8,688,875.28
Bank Over Drafts 4,116,634.10 - 4,116,634.10
7,200,440.40 5,605,068.98 12,805,509.38

(12) SUNDRY CREDITORS 2017 2016


Notes Rs. Cts. Rs.

Value Added Tax 1,268,854.51 1,077,275


Creditors & Accrued Expenses (12.1) 3,565,457.32 8,393,963
PAYE Tax Payable 32,534.50 53,055
N.B.T 211,117.66 180,735
Deposits & Advances Payable (12.2) 11,482,444.00 7,067,308
16,560,407.99 16,772,336

(12.1) Creditors & Accrued Expenses


Ceylon Electricity Board 209,644.00 220,672
B. R. De Silva & Co. 100,000.00 97,680
Bar Caterer 263,763.33 275,081
Employees' Trust Fund Payables 50,001.99 52,423
IDP Payable to RMV 135,150.00 121,350
Staff Salaries & Wages 1,167.14 1,178
Sundry Creditors 1,138,423.15 314,793
Sundry Creditors -Members 251,821.35 239,398
HNB Excess Credits 38,891.25 37,643
Seylan Excess Credits 114,381.03 194,304

ANNUAL REPORT 2017/18 31


Automobile Association of Ceylon
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31ST DECEMBER, 2017 2016
Rs. Cts. Rs.
(12) CREDITORS & PREPAYMENTS (Cont…)
(12.1) Creditors & Accrued Expenses (Cont…)
AAC Staff Welfare Society 4,500.00 4,900
AAC Staff Provident Fund - 648,891
International Driving Permits 35,500.00 34,500
Niroshana Enterprises 176,832.00 174,129
National Water Supply & Drainage Board 35,300.87 -
Suspense Expenditure (233,397.22) 159,355
Sri Lanka Telecom 26,168.81 -
Sunil & Sons 29,716.80 12,434
Distilleries Co. of Ceylon - 500,756
Dialog Axiata (Pvt )Ltd 15,002.29 15,810
Victory Stores 56,196.29 29,945
Staff - Engineer's Travelling 98,477.80 125,730
Serendib Leisure Management Limited - 582,450
Rockland Distilleries Company of Sri Lanka - 193,737
FIA 916,466.44 -
Holiday Bungalow - Kalpitiya/ Anuradhapura 101,450.00 32,000
Gall Face Hotel (Pvt)Ltd - 1,392,660
Miya (Pvt)Ltd - 2,932,144
3,565,457.32 8,393,963

(12.2) Deposits & Advances Payable


Deposits- Rent 10,897,444.00 6,962,308
Canteen 105,000.00 105,000
Carnet 480,000.00 -
11,482,444.00 7,067,308

(13) SUBSCRIPTIONS IN ADVANCE


Subscription in advance 2017 - 3,435,033
Subscription in advance 2018 4,140,323.96 16,200
Subscription in advance 2019 16,200.00 -
4,156,523.96 3,451,233
(14) INCOME TAX EXPENSES
Balance as at the beginning of the year 3,179,134.00 3,589,106
Charges for the year 1,964,731.74 1,091,706
5,143,865.74 4,680,812
Payments during the Year (765,472.00) (1,373,574)
WHT Receivable (569,763.49) (128,104)
Balance as at the end of the year 3,808,630.25 3,179,134

32 ANNUAL REPORT 2017/18


Automobile Association of Ceylon
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2017 2016
Rs. Cts. Rs.
(15) MEMBERSHIP INCOME
Entrance Fees 9,686,340.00 7,853,040
Subscriptions 8,690,522.84 9,237,986
Subscriptions in arrears 369,782.82 375,900
18,746,645.66 17,466,926

(16) INCOME FROM BAR


Sales 10,447,738.83 9,698,804
Cost of Sales -
Opening Stock 4,003,288.42 3,056,271
Purchases 5,408,143.92 6,956,646
9,411,432.34 10,012,917
Closing Stock (2,983,933.45) (4,003,288)
6,427,498.89 6,009,629
Gross Profit 4,020,239.94 3,689,175
Rentals on Catering 863,456.55 819,681
Bar Guests 202,226.74 197,398
5,085,923.23 4,706,254
Less: Salaries & Other Costs (3,982,105.45) (2,905,762)
1,103,817.78 1,800,492

(17) INCOME FROM CAR WASHING & TOWING


Car Washing (333,186.15) (169,445)
Towing Charges 1,048,878.19 956,449
715,692.04 787,004

(18) Please refer page No. 34

(19) INCOME FROM INTERNATIONAL DRIVING


PERMITS
Fess 11,864,000.00 9,959,000
Less: Touring Dept. Expenses on IDP (1,792,200.00) (1,504,550)
Travelling & Other Costs (50,100.00) (31,239)
10,021,700.00 8,423,211

(20) VALUATION FEES & FITNESS TEST


Technical Dept. Fees 7,131,268.21 5,801,023
Less: Salaries & Wages (1,805,250.00) (1,717,642)
EPF/ETF (265,800.00) (256,725)
Bonus (412,000.00) (417,000)
Expenses (98,630.00) (198,739)
4,549,588.21 3,210,917

ANNUAL REPORT 2017/18 33


34
Automobile Association of Ceylon
Notes to the Financial Statements as at 31st December 2017

NOTES TO THE FINANCIAL STATEMENTS


FOR THE YEAR ENDED 31ST DECEMBER, 2017
(18) INCOME FROM BADGES /MAPS
2017 2016
Institutions Pl.cards Badges Maps Pl.cards Badges Maps
Rs. Cts. Rs. Cts. Rs. Cts. Rs. Cts. Rs. Cts. Rs. Cts.

Sales 757,549.63 331,650.00 28,263.42 546,588 279,500 41,474

Add: Opening Stock 401,525.00 147,050.00 20,280.00 179,387 42,550 23,880


Purchases 160,001.86 208,750.00 5,880.00 306,000 349,000 20,640
561,526.86 355,800.00 26,160.00 485,387 391,550 44,520
Less: Closing Stock (323,556.00) (100,100.00) (15,240.00) (401,525) (147,050) (20,280)
237,970.86 255,700.00 10,920.00 83,862 244,500 24,240
519,578.77 75,950.00 17,343.42 462,726 35,000 17,234

ANNUAL REPORT 2017/18


2017 2016
Rs. Cts. Rs.
Badges 75,950.00 35,000
Maps 17,343.42 17,234
93,293.42 52,234
Automobile Association of Ceylon
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2017 2016
Notes Rs. Cts. Rs.
(21) OTHER INCOME
Profit/Loss from Disposal of Assets 2,632,912.30 947,165
Commission on APO 856.00 701
Fees from Regd.Drivers for Registration 1,500.00 900
Income from Photocopy Machine 40,729.54 34,628
Carnet Income 49,452.64 189,973
Plastic Membership Cards 519,578.77 462,726
Sundry Income (21.1) 27,421,845.61 21,588,156
Hiring of Auditorium 822,419.05 575,531
Dividend Income 65,377.61 69,624
Members' T shirt Sale 4,460.00 21,650
Road Safety Project - 413,275
31,559,131.52 24,304,329

(21.1) Sundry Income


Income from Recognition Permits 17,195,081.53 13,750,014
Sale of IDP Application forms 9,547,064.08 7,594,824
Other Income 679,700.00 243,318
27,421,845.61 21,588,156

(22) RENTAL INCOME


Rental Income (22.1) 19,680,780.00 13,637,256
Less: Rates (1,082,188.80) (854,474)
Building Maintenance (1,888,721.79) (1,591,058)
16,709,869.41 11,191,724

(22.1) Rental Income


Capital Trust & Securities - Millennium Buildg. 9,737,142.00 5,549,568
Brown & Company - 1st Floor 3,348,000.00 2,310,120
Capital Trust & Securities - 4th floor Hqr.Buildg. 604,800.00 554,400
Lanka Exhibition & Conference Service-2nd Floor 2,004,000.00 921,840
World Wide Aquariums 1,101,000.00 954,200
Lanka Exhibition & Conference Service 1,337,550.00 718,200
Miya (Pvt) Ltd. - 1,000,000
Brown & Company - New building 1,064,448.00 1,145,088
Pekoe Japan (Pvt) Ltd 483,840.00 483,840
19,680,780.00 13,637,256

(23) FINANCE INCOME


Interest on H.N.B. 96,739.73 -
Interest on Union Bank 1,276,875.00 -
People's Leasing 3,303,909.66 3,113,976
Interest from Savings Accounts 49,918.58 48,938
Interest from Pan Asia Bank 215,221.62 245,487
Interest from Seylan Bank-Cinnamon 5941.19 9,380
Interest from Seylan Bank 186,548.70 486,522
Interest from Nations Trust Bank 258,762.84 753,708
5,393,917.32 4,658,011

ANNUAL REPORT 2017/18 35


Automobile Association of Ceylon
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2017 2016
Notes Rs. Cts. Rs.
(24) EXPENSES ON SERVICES TO MEMBERS
Holiday Bungalow - Nuwara Eliya (24.1) 1,924,163.61 1,934,451
Staff Expenses - Salaries 6,928,290.21 6,609,032
EPF/ETF 853,182.45 922,698
Bonus 1,330,544.00 1,411,450
General Expenses 1,266,774.40 326,569
Vehicle - Repairs & Renewals 3,529,209.79 2,352,442
Vehicle - Running Cost 2,393,282.58 2,657,270
Telephone 112,516.47 74,525
Uniforms 80,009.90 269,195
Affiliation Fees 245,552.69 243,890
Free Legal Defense 9,000.00 9,000
Magazine 774,911.00 863,088
19,447,437.10 17,673,610

(24.1) Holiday Bungalow Income/Expenses


Lodging Charges 382,929.89 323,689
Less: General Expenses (1,642,093.50) (1,720,140)
Rent (665,000.00) (538,000)
(1,924,163.61) (1,934,451)

(25) PROMOTIONAL & MARKETING EXPENSES


General Advertising & Publicity 3,892,259.26 3,031,207
AAC Website - Annual Hosting Charges 233,450.00 63,000
Donations 90,500.00 84,000
Region (ii) Mentor Mentee Programme 621,142.97 650,510
Region (ii) IDP & Carnet Work Shop for Staff 1,121,852.38 1,073,527
University Club Development Programme for Management 970,740.02 1,127,870
Region (ii)Round Table Conference 1,064,023.21 -
Road Safety Conference /Book Launch/Safe Driving 2,289,205.65 194,622
FIA Annual General Meeting 1,596,119.94 1,612,936
World Council & Region (ii) Ex Co Meeting 1,653,472.84 1,313,112
FIA Mobility Conference Expenses/Annual General Assembly 1,822,203.11 1,816,747
Social Responsibilities 2,168,699.00 983,722
Annual Promotional Get-together 3,013,145.05 2,027,134
Billiard Tournament - 185,154
Medical Camp 267,431.21 125,463
NBEA 273,200.00 407,250
Road Safety Project Expenses - Net (25.1) 2,106,918.94 -
23,184,363.58 14,696,254
(25.1) Please refer page No. 37
(26) PROFESSIONAL & OTHER EXPENSES
Bank Charges 432,375.38 216,066
Legal Expenses 408,231.00 92,135
Bar- Com . On Credit Card 167,495.53 162,481
Lease Interest 715,956.28 1,902,445
Fall / (Gain) in value of shares (15,056.25) 191,884
1,709,001.94 2,565,011

36 ANNUAL REPORT 2017/18


Automobile Association of Ceylon
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER, 2017
Rs. Cts. Rs.
(25.1) Road Safety Projects Expenses - Net
i Slow Down & Save Lives
Income - Received (EUR 5000.00) 886,500.00
Less: Expenses
Concept & Proposal Charges/Visual Computer & Designing 65,000.00
Display Materials 175,000.00
Face Book-Management Fee 25,000.00
Transport/Materials/Labour 264,915.00
Art Work Charges 100,000.00 (629,915.00) 256,585.00

ii FIA Project Transformation


Expenses - Preparing Concepts & Proposal Charges (275,000.00)
iii Mentor/Mentee Programme (Nepal)
Income - Received 1,498,545.85
Less: Expenses
Air fare 1,045,065.00
Hotel Accommodation 86,086.96
Lecturer Fee 25,000.00
Meal/Lunch/Dinner 104,263.18
Transport Charges 28,000.00
Professional fee for conducting consultative session for Nepal 20,000.00
Transport for Nepal delegates 40,000.00
Accommodation & food expenses 303,507.47
Dinner 16,532.38
Professional charges payable for workshop 25,000.00
Sundry Expenses incurred during the visit of the 6 Nepale delegates 17,159.80
1,710,614.79 (1,710,614.79) (212,068.94)
iv M Project Don’t Hit & Run 1,348,415.14
Income - Received (EUR 15000.00) 2,421,000.00
Less: Expenses
4 Seminars & Institute of Driving School 740,000.00
Advertisement- Awareness Programme 50,000.00
Fee for Training Programme- Defensive Driving 65,000.00
Media Campaign - Art Work-Posters Presentation 125,000.00
Hoarding - Stickers etc. 131,100.00
Meals 150,000.00
Travelling 5,000.00
Gifts 1,040.00 412,140.00
Project Advisor's fee 39,000.00
1000 Poster 265,000.00
500 Nos. Stickers Displayed in Colombo, Jaffna
Kamburupitiya & Matara 270,000.00
Awareness Programme - Boy Scouts 145,000.00
4 Nos.Pennants,Photography & Video 125,000.00
Travelling 153,615.00

ANNUAL REPORT 2017/18 37


Press Schedule 753,372.00
Radio Schedule 450,000.00
2 Nos.Hoardings - AA Office & RMV Office 275,000.00
Exotic Motor Parade Expenses 182,650.00
Transport & Fuel Charges 78,134.00
Donation of Medicine on M Project 25,000.00
Meals for Press Conference 83,524.00
Exgratia Payments - Media Personnel 25,000.00
F B Cmapaign for 4 months 160,000.00 (4,297,435.00) (1,876,435.00)
(2,106,918.94)

Automobile Association of Ceylon


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2017 2016
Notes Rs. Cts. Rs.
(27) ADMINISTRATION & ESTABLISHMENT EXPENSES
Executive Salaries 3,905,500.00 3,967,500
Clerical & Minor Staff 7,192,694.62 6,273,891
Security Staff 1,421,618.10 1,246,660
EPF/ETF 1,393,188.75 1,438,069
Bonus 2,714,059.00 2,488,644
Gratuity 1,498,987.00 1,530,813
Staff Welfare 1,255,071.80 950,615
19,381,119.27 17,896,192

Maintenance
Office Equipment 1,064,987.62 1,035,716
Lift 935,062.23 690,952
Water Pump - 12,905
2,000,049.85 1,739,573

Audit Fees 100,000.00 97,680


Accounting Charges 80,888.00 71,372
Electricity 2,722,600.15 2,862,454
Stamp Duty 7,000.00 6,360
Postage 192,605.89 444,732
Telephone 1,244,343.13 1,417,897
Printing & Stationery 1,406,850.75 769,406
Insurance 946,140.84 870,675
Travelling 671,868.00 598,410
Water Tax 258,592.91 339,374
General Charges 1,788,611.74 1,131,411
Uniforms - Minor Staff 43,429.80 180,190
AGM / Ex-Co. Meeting Expenses 338,148.41 448,744
Amortization 3,158.75 3,325
Depreciation 4,556,219.57 4,648,345
14,360,457.94 13,890,375
35,741,627.06 33,526,140

38 ANNUAL REPORT 2017/18


Registered Drivers Wages Schedule
All registered drivers are hereby notified that the under mentioned rates will apply when engaged for
service , by members of the Association on a casual basis.

Drivers will be detailed only for Members and Firms registered with the Association.
The following are the rates inclusive of the Bus Fare (travelling), payable by members direct to the Reg-
istered Drivers.
The following rate are applicable with effect from 10th September 2015.

CAR DRIVERS (PRIVATE)

PER DAY For (9) Hours (with one hour for lunch interval)
Day Rate Rs.1,250
Night Rate Rs.1,565/-

HALF DAY (5) Hours or less from the time of booking


Day Rate Rs.750/-
Night Rate Rs.950/-

LORRY/ COMMERCIAL VEHICLE


PER DAY For ( 9) Hours (with one hour for lunch interval)
Day Rate Rs.1,565/-
Night Rate Rs.1,875/-

HALF DAY (5) Hours or less from the time of booking


Day Rate Rs.1,125/-
Night Rate Rs.1,450/-

DUAL PURPOSE VEHICLES OR DOUBLE CABS


PER DAY For ( 9) hours (with one hour for lunch interval)
Day Rate Rs.1,450/-
Night Rate Rs.1,700/-

HALF DAY (5) Hours or less from the time of booking


Day Rate Rs.950/-
Night Rate Rs.1,125/-

The Day Rate is applicable for Bookings from 8.00 a.m to 5.00 p.m
Night Rate is applicable for Bookings from 6.00pm to 6.00 a.m

Batta per Night (out-station) cars Rs.950/-
Batta per Night (out-station) Lorries/Vans Rs.950/-

OVERTIME PER HOUR


Car Rs.140/-
Lorry/Van/Dual Purpose vehicle or Commercial Vehicles Rs.160/-

ANNUAL REPORT 2017/18 39


LUNCH HOUR
An interval of one hour for lunch be given between 12.00 noon and 2.00 p.m
If no lunch hour is given to a Driver then he should be paid one hour overtime. However if a member
offers the driver lunch then the one hour over time need not be paid.

When required to serve out from the City of Colombo beyond a radius of approximately 16 KM the
following outstation allowance should be paid :-

Cars and Vans Rs.250/-


The Limits are as follows:-

COLOMBO – NEGOMBO ROAD BEYOND KANDANA


COLOMBO-KANDY ROAD BEYOND KADAWATHA
COLOMBO -GALLE ROAD BEYOND ANGULANA
COLOMBO- KADUWELA VIA SRI JAYAWARDENAPURA BEYOND MALABE
COLOMBO- HORANA ROAD BEYOND BORALESGAMUWA
HIGH LEVEL ROAD-HORANA ROAD BEYOND MAHARAGAMA
LOW LEVEL ROAD HORANA ROAD BEYOND HEWAGAMA
KELANIYA- BIYAGAMA BEYOND BOLLEGALA

Drivers engaged from 12.00 noon are not entitled to a lunch interval. When a driver is requested by a Member
and he reports for duty, and in the event his services are not utilized, please note, that he should be paid half
day’s wages as stated above.

NOTE :- 1. REGISTERED DRIVERS SHOULD PRODUCE, IF NECESSARY, THEIR CURRENT OFFI


CIAL AA IDENTITY CARD TO MEMBERS.

2. THIS WAGE SCHEDULE MUST ALWAYS BE CARRIED BY A REGISTERED DRIVER


AND SHOULD BE PRODUCED FOR PERUSAL BY MEMBER WHO REQUIRES
CLARIFICATION.

40 ANNUAL REPORT 2017/18


AAC GARAGE LIST 2018

# PROVINCIAL GARAGE NAME ADDRESS


1 CENTRAL KANDY MOTORS 77,KANDALAMA ROAD,KANDANA,DAMBULLA
2 CENTRAL NIMAL MOTOR ENGINEERING SAMPATH WATTA, DAMULUGAMA JUNCTION, DAMBULLA
3 CENTRAL ABEYSINGHE MOTORS H5, NEW TOWN, KUNDASALE
4 CENTRAL BANDARA MOTORS 100, MATALE ROAD, AMBATENNA.
5 CENTRAL GETAMBE MOTORS 123,GODAPOLA,KOSSINNA, GELIOYA
6 CENTRAL FAITH MOTORS 988, TRINCOMALEE ROAD, ALUVIHARAYA, MATALE
7 CENTRAL SIRIPALA MOTORS 300, KANDY ROAD,MAWANELLA
8 CENTRAL EKSATH DIESEL MOTORS 45, SIR T.B. PANABOKKE MAWATHA, NUWARA ELIYA ROAD, GAMPOLA
9 CENTRAL WILFRED MOTORS 130,MAHARA, GAMPOLA
10 CENTRAL SAMAN MOTORS 66,GAMUNU MAWATHA, NUWARA ELIYA
11 NORTHERN EASWARAN MOTOR WORKS 114, RASAVINTHODDAM ROAD, JAFFNA
12 NORTHERN SAMPATH MOTORS (PVT) LTD 214,MUNDIMURIPPU, A9 ROAD, VAVUNIYA
13 NORTH CENTRAL DUBIL MOTORS DAMBULLA ROAD, HABARANA
14 NORTH CENTRAL SISIRA MOTORS NIWANTHAKA CHETHIYA MAWATHA, ANURADHAPURA
15 NORTH CENTRAL 3 E CAR CARE (PVT) LTD 35, THAMBUTTEGAMA, ANURADHAPURA
16 NORTH CENTRAL ANURA MOTORS REST HOUSE ROAD,. HINGURAKGODA
17 NORTH CENTRAL MANJULA MOTORS BATTICALOA ROAD,BOTHALDEKA ASALA, KADURUWELA
18 NORTH WESTERN SHANTHA MOTORS PARADISE GARMENT,INIGODAWILA,CHILAW
19 NORTH WESTERN HESHAN MOTORS KURUNEGALA ROAD, KANDANA,GALEWELA
20 NORTH WESTERN MATARA MOTORS 315, NEGOMBO ROAD,MALKADUWAWA,KURUNEGALA
21 NORTH WESTERN NEW TURBO LANKA NEGOMBO ROAD,MALKADUWAWA, KURUNEGALA
22 NORTH WESTERN NEW DARSHANA MOTORS DAMBULLA ROAD, MELSIRIPURA
23 NORTH WESTERN IMTHIYAZ GARAGE 2,COLOMBO ROAD, RATHMALYAYA, PUTTALAM
24 NORTH WESTERN INDIKA GARAGE 165, ANURADHAPURA ROAD,PUTTALAM
25 NORTH WESTERN NARAMMALA AUTO MOTORS NEGOMBO ROAD,NARAMMALA
26 NORTH WESTERN SAMINDA MOTORS NEW ROAD, THALAWILA, MARAWILA
27 SABARAGAMUWA NATIONAL MOTORS 190,THUMBAGODA, BALANGODA
28 SABARAGAMUWA UNIQUE MOTORS MAGAMMANA, DEHIOWITA
29 SABARAGAMUWA ROYAL GARAGE RANWALA, KEGALLE
30 SOUTHERN SOMAWARDHANA MOTORS NEW TOWN, EMBILIPTIYA
31 SOUTHERN ARIYAPALA AUTO ENGINEERS 100, KATHARAGAMA ROAD, PUNCHI AKURUGODA,THISSAMAHARAMAYA
32 SOUTHERN PREMADASA INDUSTRIES TISSA ROAD, WALAWA,AMBALANTHOTA
33 SOUTHERN JAYANTHI ELECTRICAL 124, WACKWELLA ROAD, GALLE
34 SOUTHERN D L MOTORS 100/A, KOTALIGALA,HAMBANTOTA
35 SOUTHERN LAKMAL MOTORS 101/1,KOHOLANKALA, HAMBANTOTA
36 SOUTHERN SASINDU MOTORS GALLE ROAD, ATHURUWELLA, INDURUWA
37 SOUTHERN PREETHI MOTORS GALLE ROAD, MATARA
38 SOUTHERN KAMBURUPITIYA MOTORS 107, MATARA ROAD, KAMBURUPITIYA
39 UVA AUTO ME ENGINEERING DON BASTHIYAN PLACE, OTTAKADE, BANDARAWELA
40 UVA B K MOTORS 25, DIKULPOTHA, BINDUNUWEWA, BANDARAWELA
41 UVA GAMINI MOTORS 387,MAHIYANGANA ROAD,BADULLA
42 UVA PALLIYAGURU MOTORS 2, NEW TOWN, KATARAGAMA
43 UVA GUNAWARDENA MOTORS 3RD MILE POST,ELLA ROAD, WELLAWAYA
44 EASTERN MARSHAL GARAGE D.S. SENANAYAKE VEEDIYA, AMPARA
45 WESTERN CHAMPA CENTRAL MOTORS 128/4, SUPERMARKET, GALLE ROAD, BERUWALA
46 WESTERN CYRIL MOTOR GARAGE 149, COLOMBO ROAD, GAMPAHA
47 WESTERN LUMINA MOTORS 141/3, HIGH LEVEL ROAD,GODAGAMA, HOMAGAMA
48 WESTERN SISHAN AUTO REPAIR(PVT) LTD 483/4,AWISSAWELLA ROAD, KADUWELA
49 WESTERN PODI MALLI MOTORS GALLE ROAD, MAHAWASKADUWA, KALUTHARA
50 WESTERN UPALI GARAGE (PVT) LTD 117A, NEGOMBO ROAD, KANDANA
51 WESTERN SENEVIRATNE GARAGE NAGODA, KANDANA
52 WESTERN R D S MOTORS 56/2,TALAWATUGODA ROAD, KOTTE
53 WESTERN PRASANNA MOTORS 5, 1ST LANE, HORETUDUWA, MORATUWA
54 WESTERN DENIYAYA MOTORS 58A, STATION ROAD, UDAHAMULLA, NUGEGODA

ANNUAL REPORT 2017/18 41

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