SLC in parliamentary committee’s report on loss-making bodies

Sri Lanka Cricket was declared bankrupt last month

 

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Colombo: Dec 1, 2011

 

Sri Lanka’s cricket governing body, two government owned airlines and a television house are among the 45 state enterprises that have been founds to be loss making by a parliamentary committee.

 

The Parliamentary Committee on Public Enterprise (COPE) has recommended stringent accounting measures in order to maintain smooth administration and better accounting procedures in its report submitted in Parliament today.

 

Senior minister DEW Gunasekera, the chair of the committee, said he hoped that the chief accounting officers would take note of the directives indicated in the 176 page report.

 

His committee had scrutinised 229 state enterprises out of which 45 have been proved to be making losses.

 

The loss making institutions include the two state owned airlines, television house and the island’s cricket governing body.

 

He noted however some of the state enterprises were making losses due to inadequate capitalisation.

 

Gunasekera called for more powers to summon former heads of state run institutions before COPE as well as bring under its preview private limited companies incorporated under the Companies Act. (PTI)