accounts20092009 : Accounts Details : 

Download Audited Accounts 

Contents [Auditors Report  |  Balance Sheet  |  Statement of Financial Activities  |  Notes to the Accounts  |  Cash Flow]





aureport20082008 : Accounts Details : 

Download Full Audit Report

Contents [Auditors Report  |  Balance Sheet  |  Statement of Financial Activities  |  Notes to the Accounts  |  Cash Flow] 





aureport20072007 : Accounts Details :

Auditors Report  |  Balance Sheet (as at 31st December 2007)  |  Statement of Financial Activities

Notes to the Accounts  |  Cash Flow





aureport20062006 : Accounts Details :

Balance Sheet as at 31st December 2006  |  Income Statement for the year ended 31st December 2006(Detailed)

Accounting Policy  |   Notes to the Accounts (1-3)  |  Notes to the Account (6-8)

Balance Sheet  |  Income Statment  |  Cash Flow



Summary of Significant Accounting Policies

General Policies

Statement of Compliance

The Financial Statements have been prepared in accordance with Sri Lanka Statement of Recommended Practice for Not – For – Profit Organisations (including NGOs), by the Institute of Chartered Accountants of Sri Lanka (ICASL).

Basis of Measurement

The Financial Statements have been prepared on the historical cost basis.


Grants received on account of specific projects have been credited to the appropriate restricted fund (project fund). These sums are then transferred to income account as and when the relevant expenses are being charged.

Monetary Grants and Donations received without any specific conditions are credited directly to income account to be used against normal unrestricted expenses of the Organisation.

Transactions in Foreign Currency

All other assets and liabilities denominated in foreign currencies at the year end are translated at the exchange rates prevailing at the balance sheet date.

Other normal foreign currency transactions are converted at the exchange rates prevalent on the date of the transaction.

All gains or losses on foreign currency transactions is transferred to Restricted Funds Account.

Property, Plant and Equipment

Cost or Valuation

Property, Plant and Equipment are reflected at cost less accumulated depreciation. Property, Plant and Equipment purchased for projects would be capitalized at the completion of projects at their fair values determined by the Directors.


A full year’s depreciation is charged in the year of sale and none in the year of purchase. Fixed assets are depreciated at 25% per annum on a straight line basis.

Investments – Treasury Bills

Treasury Bills are accounted for at cost plus the relevant proportion of the discount. Investment income is credited to Restricted Fund Account.

Defined Benefit Plan – Gratuity

Full provision has been made in the accounts for retiring gratuities payable under the Payment of Gratuities Act No. 12 of 1983, for all employees, including those who have less than five years of continued service. Gratuities are recognized as project expense in the period during which their services are rendered, in accordance with Sri Lanka Accounting Standards 16 – Retiring Benefits Costs.

Defined Contribution Plans – Employees’ Provident Fund and Employees’ Trust Fund

Employees are eligible for Employees Provident Fund contributions and Employees Trust Fund Contributions in line with the respective Statutes and Regulations. The Company contributes 12% and 3% of the salary of each employee to the Employees’ Provident Fund and the Employees’ Trust Fund respectively.