COMMERCIAL CREDIT AND FIHANCE PLC
A Finance Company Licensed bg the Central Bank of Sri Lanka under the Finance Business Act No.42 of Z011. Reg.No PB269PQ Credit Rating: Long Term BBB (5tabIe,0utIook) Lanka Rating Agency Date of Incorporation - 1982-10-04.
11th September 2025
Ms. Nilupa Perera
ChiefRegulatory Officer Colombo Stock Exchange No.04-01, West Block World Trade Centre
Echelon Square, Colombo 01 Dear Madam
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COMMERCIAL CREDIT AND FINANCE PLC
ERnATA NOTICE - AUDITED FINANCIAL STATEMENTS 2024/2025
This Errata is issued to correct an unintended error in figures disclosed in the Audited Financial Statements for the year ended 31st March 2025 published on 15 July 2025.
Page 12 - Statement of Changes in Equity:
The opening balance of retained earnings as at 1st April 2023 (Restated) has been corrected to LKR 13,218,619,515 (previously stated as LKR 13,224,924,161), and the total equity has been corrected to LKR 19,922,889,861 (previously stated as LKR 19,929,194,505).
Page 74 - Note 31 Deferred Taxation:
A typographical error was identified in the disclosure of taxable temporary differences and the related deferred tax amounts as at 31 March 2024 (Restated). Accordingly, the total deferred tax asset figures have been revised as follows.
Corrected Figures LKR
Previously Reported Amounts
Deferred Tax Liabilities
(Taxable) Temporary Difference
Deferred Tax
(Taaable) Temporary Difference
Deferred Tax
Property Plant and
Equipment
(830,526,296)
(249,157,889)
(830,526,296)
(249,157,889)
Revaluation on lands
(254,998,159)
(76,499,448)
(830,526,296)
(249,157,889)
HEAD OFFICE CITY OFFICE
: No. 106, Yatinuwara Veediga, Kandg Tel : 081 - 2 000 000 Fax: 081 - 2 234 977
: No. 165, Kgnseg Road, Colombo 08 Tel : 011 - 2 000 000 Fax: DJ1 -2327 882
E-mail : cell lccIk.Ik
BOARD OF DIRECTORS
G.B. Egodage (Chairman / Non-Exerutiye Director) I R.S. Egodage (Chief Executive Officer/ Executive Director) IG.R. Egodage (Executive Director)P.S.R.C. Chittg (Executive Director) I F.A.P.L. Solbani (Non-Executive Director) L.L5. Wickremasinghe (Independent Non-Executive Director / Senior Director)
G.A.M. Edwards (Independent Non-Executive Director) I J.P. Kuruppu (Independent Non-Executive Director) I^.S. Jesudian - Independent Non - Executive Director
Revaluation on
buildings
(97,033,217)
(29,109,965)
(830,526,296)
(249,157,889)
Investment
Property
(907,014,348)
(272,104,304)
(830,526,296)
(249,157,889)
Right ofUse Asset
(344,699,928)
(103,409,979)
(830,526,296)
(249,157,889)
Profit
associates
(216,535,288)
(32,480,293)
(830,526,296)
(124,578,944)
Lease rental
receivables
(66,008,915)
(19,802,675)
(830,526,296)
(249,157,889)
Total
764,620,903
(72,340,822)
-
Page 78 - Note 35 Gross Income
A typographical error was identified in the presentation of a trading loss of LKR 24,739,655, which was incorrectly recorded as a profit (i.e., without brackets) in both the Company and Group financials.
As aresult, the Total Gross Income has been revised as follows:
Company: Adjusted to LKR 31,703,252,196 (previously reported as LKR 31,752,731,506)
Group: Adjusted to LKR 31,703,469,368 (previously reported as LKR 31,752,948,678)
Page 111 - Note 50 Current and Non-Current Analysis of Assets and Liabilities
The gross loan amount was erroneously presented as at 31 March 2025, instead of the net loan amount, as shown below.
Additionally, an error was identified in the classification of Other Non-Financial Assets due after 12 months. Accordingly, the Total Assets have been revised as follows.
Adjusted Amounts | Previously Reported Amounts | |||
Within 12 Months (LKR) | After 12 Months (LKR) | Within 12 Months (LKR) | After 12 Months (LKR) | |
Loans and Receivables | 20,308,960,502 | 1,854,541,870 | 22,175,191,550 | 2,024,959,436 |
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Lease rentals receivable & Stock out on hire | 30,003,249,768 | 17,717,7b9,463 | 38,434,359,63b | 22,696,604,451 |
Other Financial Assets | 392,982.591 | 151,129,172 | ||
Total Assets | 75,442,317,528 | 34,661,177,877 | 85,739,658,446 | 39,568,557,012 |
Furthermore, a typographical error was idcntified in the presentation of the comparative figures for "Due to Custorrlers after 12 months" as at 31 March 2024. This has been corrected to LKR 24,408,706,284 (previously stated as LKR 6,850,825,903).
Accordingly, the Total Liabilities within 12 months have also becn corrected to LKR
29,669,507,438 (previously stated as LII 12,111,627,057).
While regretting the error, confirm that the corrected figures have been duly updated ln the Annual Report 2024/2025, published on 3 September 2025. The revised information appears on pages 131, 134, 194, 197, and 225, under the same Note numbers and headings.
Please note that these errors have no impact on the figures reported in the Statement ofFinancial Position or the Profit for the year, and are limited solely to disclosure matters. However, in the interest of full transparency and regulatory compliance, this Errata is being issued.
Yours Sincerely,
COMMERCIAL CREDIT AND FINANCE PLC
Sliasliika Naguruge. (Ms.) COMPANY SECRETARY
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