Hon. (Dr.) Harshana Suriyapperuma - Deputy Minister of Finance and Planning
The Deputy Minister of Finance and Planning answered a question on state-owned commercial entities, stating that 90 are currently functioning, including 52 identified as strategically important. He said information on their profits or losses, return on investment, accumulated profit or loss, and capital and loan investments over the relevant periods had been tabled in annexes placed in the Library. He also noted that audited financial information was incomplete for several entities due to reasons such as recent commencement of operations, accounts not being prepared, non-operation, unavailable information, or inadequate recording of operations.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Deputy Speaker, I answer on behalf of the Minister of Finance, Planning and Economic Development.
¶ 02 (a) (i) There are 90 Government‑owned companies, corporations and other commercial establishments currently functioning. Of these, 52 are strategically important entities. (ii) The total profit/loss and ROI for the last 15 years are presented in Annex 01. (iii) The cumulative/accumulated profit/loss from commencement to date is presented in Annex 02. (iv) The value of capital and loans invested on short‑term and long‑term bases is provided in Annex 03.
¶ 03 Annexes 1, 2 and 3 have been placed in the Library.
¶ 04 (b) Not applicable.
¶ 05 For certain entities, audited financial statements are not finalized due to the following:
¶ 06 1. Lanka Fertilizer Company Ltd (Consolidated) – operations commenced in 2024. 2. Techno Park Development Company (Pvt) Ltd – final accounts not yet prepared. 3. Sahasya Investments Ltd – operations not yet commenced. 4. Lanka Logistics (Pvt) Ltd – information not available. 5. Expressway Transport Company (Pvt) Ltd – non‑operational. 6. This company uses assets and staff of the Sri Lanka Air Force; the company’s books do not properly reflect operations; information is not systematically captured.
¶ 07 These circumstances limit the availability of complete information, though the strategic importance of the entities is noted.
Provenance
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- Hansard, Tuesday, 21 January 2025 ·No. 1737707091008005 ·English daily/uncorrected Hansard
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Cite as: Hon. (Dr.) Harshana Suriyapperuma - Deputy Minister of Finance and Planning. 10th Parliament, Parliament of Sri Lanka. Hansard, 21 January 2025. No. 1737707091008005. Politick, https://staging.politick.io/lk/speeches/27129