Page 101 - annual_report_2024

CA Sri Lanka Integrated Annual Report 2024 99

Income Over Expenditure After Tax The overall financial position of the organization has improved significantly, driven
The financial statements indicate a strong by higher finance income, increased net income after tax, and a strong capital and
upward trend in income over expenditure. liquidity position. The robust cash flows and asset growth further reinforce financial
In 2024, the income before tax stood sustainability, positioning the organization for continued growth and expansion.
at Rs. 657Mn, a notable increase from
Rs. 335Mn in 2023. This substantial rise
can be attributed to increased revenue Prudent Growth
from operational activities, effective Rs. Mn
5,000
cost management, and higher returns 4,000
on financial investments. The positive 3,000
variance highlights improved financial 2,000
performance and efficiency in managing 1,000
expenditure.
0
(1,000)
Income Over Expenditure Befor & After Tax (2,000)
Rs. Mn
(3,000)
700
(4,000)
600 657 (5,000)
2020 2021 2022 2023 2024
500
532 Non Current Asset Funds and Grants
400
Current Asset Non current Liabilities
300 335 Accumulated Fund and Reserves Current Liabilities
200 280

100
0 Composition of Total Asset
Income Over Income Over
Expenditure Before Expenditure After Rs. Mn
Tax Tax 2,500
2,314
Capital and Liquidity 2,000
The capital position remains stable,
with growth in non-current assets. The 1,500 1,832
increase in total assets from 2023 to
2024 implies a healthy balance sheet, 1,000 1,300 1,300
supporting long-term sustainability.
Liquidity remains strong, as evidenced 500 565
by the cash flow statement, which shows 44 59 128 123 432
substantial cash inflows from operating 0 PPE Financial asset Other Non Financial Other Current
activities. This indicates the Institute’s at amotised Current Asset Assets at Asset
Cost-Non-
ability to meet short-term liabilities and Current Asset amotized cost-
Current Asset
reinvest in growth opportunities.
2023 2024