Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» ##FUN TOONS###
by ruwan326 Today at 9:14 am

» Financial Reports Q-3 2018
by ruwan326 Today at 9:09 am

» FOREIGN NEWS
by ruwan326 Today at 8:30 am

» CROSSINGS TODAY
by ruwan326 Today at 8:24 am

» Daily Foreign Transactions
by ruwan326 Today at 8:22 am

» JINS - BFN DELAS 100% SURE මතකද . ජනශක්ති GENERAL සමාගම වික්ක හැටි - එක පාරටම
by ruwan326 Today at 8:21 am

» BFN ගනු දෙනුව වෙනවා ..
by ruwan326 Today at 8:10 am

» රැවටෙන්න එපා ..විකුන්නන එපා ..ණයට ගන්න එපා .BFN - JINS එකතු කරන්නා හෙට දිනනනවා
by sanjulanka Today at 8:09 am

» News Behind CTCE.N0000 Running?
by crs Yesterday at 6:08 pm

» SRI LANKA @ 2020
by ruwan326 Yesterday at 9:36 am

» NDB declared ‘Bank of the Year’ by The Banker, UK
by ruwan326 Yesterday at 8:41 am

» NDB wins Banking Sector National Business Excellence Award 2018
by MarketWch Mon Dec 10, 2018 5:33 pm

» Market will RISE expecting a MR Led new government
by samaritan Mon Dec 10, 2018 1:52 pm

» CSE THIS WEEK
by ruwan326 Mon Dec 10, 2018 11:37 am

» Summary of Key Announcements during the week
by ruwan326 Mon Dec 10, 2018 11:25 am

» No worries about BFN Deal .i
by ruwan326 Mon Dec 10, 2018 11:21 am

» CSE WEEKLY
by ruwan326 Mon Dec 10, 2018 11:13 am

» Dealing by directors
by ruwan326 Mon Dec 10, 2018 10:55 am

» ALHP WILL MOVE UP from next MONDAY
by aklt Mon Dec 10, 2018 10:47 am

» ඔරියන්ට් ෆ්යිනැන්ස් -විකිනීම ස්තිරයි - අද ද අයිලන්ඩ් පුවත් පත බලන්න 2020 වෙනකම් පුලුවන් නම් තියා ගන්න - අදහා ගන්න බැරි ආදායමක් ලබන්න
by ruwan326 Mon Dec 10, 2018 10:33 am

» @RANFERDI, YAhapalan, In which list are you? Puravesi Lithro List, or Kiriella List or other list
by ranferdi Mon Dec 10, 2018 9:06 am

» #PM Crisis#
by ranferdi Mon Dec 10, 2018 9:05 am

» Stocks don’t go up and stay up because of stories, tips, or people’s opinions
by ruwan326 Mon Dec 10, 2018 9:00 am

» FINANCIAL INSTITUTIONS IMPAIRMENT COST
by Yahapalanaya Sat Dec 08, 2018 11:10 pm

» MONTH PEACE & HAPPINESS
by Ryan Hudson Sat Dec 08, 2018 6:40 pm

» JINS NO DEAL YET - BFN IS ON AND POSITIVE -CHECK THE COMPNAY ANNOUNCEMENT CAREFULLY - NO NOTHING ABOUT BFN
by kalu351 Fri Dec 07, 2018 10:03 pm

» Will ALHP be eliminated from the CSE?
by wisdom79 Fri Dec 07, 2018 8:41 pm

» Is TKYO.N0000 a Sleeping Giant
by aklt Fri Dec 07, 2018 7:52 pm

» FINALY – BFN – TAKE OVER NEWS IS OUT OFFICIALY -DONT SELL BELOW 20 TRY TO BUY AT CURRENT 15-17 LEVELS
by Equity Suda Fri Dec 07, 2018 12:57 pm

» PLAYERS PICK OF THE DAY
by ruwan326 Fri Dec 07, 2018 7:39 am

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » BRWN granted 272 Millions Interest free loan to Browns Investments (associate 27%)?

BRWN granted 272 Millions Interest free loan to Browns Investments (associate 27%)?

Go down  Message [Page 1 of 1]

factFINDER

avatar
Manager - Equity Analytics
Manager - Equity Analytics
I observed that LKR 272.25 Millions of interest-free loan has been granted by Browns & Co PLC (BRWN) to Browns Investments Ltd (BI)*, which is an associate (27%).

*Pls see page 45 (under the related party transactions) - Prospectus of BI

Also it mentioned that Browns & Co PLC (BRWN) is the ultimate parent company. But as per page 21 of the same prospectus BRWN owns only 27.07% of BI. I dought whether Taprobane Holding Ltd is also a subsidery of BRWN?

It just my observation ....

Decleration - I have BRWN in my PF and will apply for IPO of BI too.



Last edited by mark on Tue Jun 21, 2011 11:20 pm; edited 2 times in total (Reason for editing : spellings)

MoneyLover

avatar
Senior Equity Analytic
Senior Equity Analytic
BRWN "wessanthara wela" !!

kam2011


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
If this is true, it is very unfair for the shareholders of BROWN. I feel BROWN spends some millions of ruppes as interest for their borrrowings and they lend others interest free. That means you borrow money at a cost and lend the same at no interests. Anotherwords you subsidise interests cost of a third party without any gain. These are the areas that Sri lanka Accountancy Board shoud look into for the interest of the shareholders.

factFINDER

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@kam2011 wrote:If this is true, it is very unfair for the shareholders of BROWN. I feel BROWN spends some millions of ruppes as interest for their borrrowings and they lend others interest free. That means you borrow money at a cost and lend the same at no interests. Anotherwords you subsidise interests cost of a third party without any gain. These are the areas that Sri lanka Accountancy Board shoud look into for the interest of the shareholders.


I have given the sourse* of the facts as well. I also don't know much about it. However under the same disclosure we can see "Ishara Traders" another related party lend money to BI and earn a big sum as interest.

If some one know more information with regard to these transactions please share with us.

*Pls see page 45 (under the related party transactions) - Prospectus of Browns Investments Ltd - can read online CSE homepage http://www.cse.lk/welcome.htm

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum