The Board of Directors of United Motors Lanka PLC approved a report dated 22 May 2015 on the lands and owned and occupied by the company.

The properties on which the report has mentioned are the ones at Hyde Park Corner, Colombo 02, Majeed Place, Orugodawatte, Vauxhall Street, Colombo 02, Maligawa Road, Ratmalana and Kandy Road, Navatkuli, Jaffna.

Following this revaluation the value of the owner occupied lands increased to Rs. 3,879,590,350 and adopted by the Board as fair value of owner occupied properties and hence the surplus of Rs. 1,733,106,312 has been transferred to then revaluation account as at 31 March 2015.