ANNUAL REPORT 2021/22
| Year ended 31 July 2022 | Note | 2022 LKR |
2021 LKR |
| Income | 12 | 1,533,002,590 | 1,481,362,777 |
| Direct expenses | 13 | (1,065,403,342) | (816,667,322) |
| Gross surplus | 467,599,248 | 664,695,456 | |
| Other income | 16 | 65,952,056 | 112,648,213 |
| Administrative expenses | 14 | (953,430,335) | (779,070,327) |
| Investment income | 15 | 1,332,369,902 | 134,037,748 |
| Surplus before tax | 912,490,870 | 132,311,090 | |
| Income tax reversal | 17 | (124,067,125) | 1,334,587 |
| Net surplus | 788,423,745 | 133,645,677 | |
| Other comprehensive income | |||
| Defined benefit plan actuarial losses | 9.1 | (32,422,520) | 5,386,263 |
| Deferred tax gain on defined benefit plan | 17.3 | 4,539,153 | (754,077) |
| Revaluation surplus on property, plant and equipment | 3.1 | 518,340,476 | 275,656,313 |
| Deferred tax on property, plant and equipment revaluation | 17.3 | (72,567,667) | (38,591,884) |
| Total comprehensive surplus for the year | 1,206,313,187 | 375,342,292 |
The Accounting Policies and Notes on pages 86 through 104 form an integral part of the Financial Statements.