Activated...Sustainable...Growing across the globe. It is characterized by a growing relevance of its products and solutions in globally topical concerns such as care for the environment sustainability and healthy living. Haycarb is one of the world’s foremost producers of coconut shell based activated carbon... but we’ve moved well beyond to the status of a renowned total solutions provider active in a The bottom line is – the activated carbon industry has huge growth potential as we move towards an ever ‘greener’ world; the market is well established and growing; sustainability is at an all time high. Haycarb is eminently geared to meet the demands of this rapidly developing market. Annual Report 2014/15 CONTENTS 01 Global Presence 02 Strategy 04 Chairman’s Review 06 Managing Director’s Review 12 Financial Review 16 CSR 22 Governance and Compliance Haycarb PLC - Annual Report 2014/15 24 Board of Directors 28 Management Team 32 Corporate Governance 38 Annual Report of the Board of Directors on the Affairs of the Company 41 Statement of Directors’ Responsibilities 42 Audit Committee Report 44 Financial Statements 46 Independent Auditors’ Report 47 Income Statements 48 Statements of Comprehensive Income 49 Statements of Financial Position 50 Statements of Changes in Equity 51 Consolidated Statements of Cash Flow 52 Notes to the Financial Statements 108 Statement of Group Value Added Haycarb PLC 109 Investor Information 400, Deans Road, Colombo 10, Sri Lanka. 111 Ten Year Financial Review 112 P hone: +94 11 262 7000, +94 11 267 7364 (Finance) 114 Glossary Fax: +94 11 2699630 115 Notice of Meeting E-mail:
[email protected] Form of Proxy Enclosed Web: www.haycarb.com Corporate Information Inner Back Cover Activated...Sustainable...Growing The activated carbon industry and its attendant market is well rooted and firmly established across the globe.