DOCSLIB.ORG

One Goal. One Team. Sri Lanka Insurance Corporation Ltd

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
One Goal. One Team. Sri Lanka Insurance Corporation Ltd One Goal. One Team. SRI LANKA INSURANCE CORPORATION LTD. ANNUAL REPORT 2019 Contd. Sri Lanka Insurance Corporation Ltd. Annual Report 2019 2 Sri Lanka Insurance Corporation Ltd. Annual Report 2019 1 One Goal. One Team. The secret to our success is actually not a secret. Your company has been laying the foundation for greatness since inception and our generous asset base,and exceptional ratings have given us the stability as well as the flexibility to deliver ultimate value to our stakeholders. This mission, fortified and carried out by our professional and like-minded team has been the engine that has accelerated our growth as well as our plans for the future. A group effort that unites us in delivering our best to Sri Lanka. At SLIC; we are focused on one goal, as one team, to continue our strategy to be the strongest and the premier insurance provider in the nation. Contd. Sri Lanka Insurance Corporation Ltd. Annual Report 2019 2 CONTENTS SRI LANKA INSURANCE CORPORATION FINANCIAL REPORTS 04 – About this Report 108 – Annual Report of the Board of Directors of the Company 05 – About Sri Lanka Insurance Corporation 112 – Statement of Directors’ Responsibility 06 – SLIC Group 113 – Chief Financial Officer’s Statement of Responsibility 08 – Highlights 114 – Certificate of Actuary of the Insurer 10 – Message from the Chairman 115 – Liability Adequacy Test 12 – Chief Executive Officer‘s Review 116 – Certificate of Incurred But Not (Enough) Reported Claims 117 – Independent Auditors’ Report STRATEGIC REPORT 120 – Statement of Financial Position 16 – Operating Environment 122 – Statement of Profit or Loss and Other Comprehensive Income 18 – Strategy 124 – Statement of Changes in Equity 20 – Business Model 130 – Statement of Cash Flows 22 – Stakeholders 132 – Segmental Review: Statement of Income 24 – Materiality 134 – Segmental Review: Statement of Financial Position 136 – Notes to the Financial Statements MANAGEMENT DISCUSSION AND ANALYSIS SUPPLEMENTARY INFORMATION 26 – Financial Capital 36 – Institutional Capital 262 – Statement of Financial Position of the Life Insurance 40 – Customer Capital 263 – Notes to the Financial Statements - Life Insurance Fund 48 – Business Partner Capital 274 – Ten Year Summary 50 – Employee Capital 278 – Branch Network 58 – Social and Environmental Capital 284 – Notice of Annual General Meeting 285 – Notes GOVERNANCE AND INTERNAL CONTROLS 286 – Corporate Information 287 – Form of Proxy 64 – Board of Directors 68 – Leadership Team 80 – Corporate Governance Report 84 – Audit and Compliance Committee Report 86 – Statement of Internal Control 87 – Investment Committee Report 2019 89 – Compliance Management 97 – Risk Management Sri Lanka Insurance Corporation Ltd. Annual Report 2019 SRI LANKA INSURANCE 3 CORPORATION 4 – About this Report 5 – About Sri Lanka Insurance Corporation 6 – SLIC Group 8 – Highlights 10 – Message from the Chairman 12 – Chief Executive Officer‘s Review One Goal. One Vision. Sri Lanka Insurance Corporation Ltd. ABOUT THIS REPORT Annual Report 2019 4 The Sri Lanka Insurance Corporation continues its practice of Integrated Annual Reporting for the second consecutive year in 2019, to disclose the strategies, governance and business performance during the year, and to also discuss prospects for future value creation. REPORT BOUNDARY AND COMPLIANCE This Annual Report for Sri Lanka Insurance Corporation covers the 12-month period from 1 January 2019 to 31 December 2019. The overall boundary of this Annual Report comprises Sri Lanka Insurance Corporation and its subsidiaries, identified as “SLIC” or “Company” individually and “Group” collectively. Respective entities are identified where applicable. SLIC’s business comprises two segments: General Insurance and Life Insurance. The two segments are treated and identified separately or as part of the overall business where appropriate and identified as such. The information contained herein is in compliance with all applicable laws, regulations, and standards. In preparing this Report, we have drawn on concepts, principles, and guidance given in the following where applicable: zz Global Reporting Initiative (GRI) Sustainability zz Reporting Guidelines GRI Standards zz International Integrated Reporting Framework (IIRC) PRECAUTIONARY PRINCIPLE SLIC applies a stringent precautionary principle with regards to social and environmental sustainability. We recognise the impact that our operations can have on the society and environment we operate in, and take all necessary actions and precautions to address and minimise such risks. QUERIES We welcome your comments and questions about this Report B A Ruwani Dharmawardana, Company Secretary/DGM – Compliance Sri Lanka Insurance Corporation Ltd. “Rakshana Mandiraya”, No. 21, Vauxhall Street, Colombo 02. Phone: +94 11 235 7741 Sri Lanka Insurance Corporation Ltd. Annual Report 2019 5 ABOUT SRI LANKA INSURANCE Corporation As Sri Lanka’s national insurance services provider and the country’s pioneer in insurance, Sri Lanka Insurance Corporation (SLIC) is backed by decades of industry expertise and the most experienced insurance sector technical knowledge base in the country. The long history of SLIC in driving the development and advancement of the insurance industry in Sri Lanka has recorded many landmark achievements, such as the largest claim ever paid of Rs. 39.5 Bn, and the largest bonus ever declared to its policyholders of Rs. 8.2 Bn. SLIC’s total assets are worth Rs. 212 Bn. and in the Sri Lankan insurance sector, accounts for the largest Shareholders’ Fund of Rs. 62 Bn. and the highest Life Fund of Rs. 117 Bn. SLIC continues to be the trusted national insurer of the people of Sri Lanka as it strives to enhance its service reach and service quality to serve the people of Sri Lanka better each year. Our Vision What do we aspire to be? Our Vision zz To be the Nation’s first choice for Risk Protection and Life Investment Optimisation Our Mission Why are we in business? Our Mission zz We provide risk protection and life investment optimisation, that will deliver value to our customers zz Through a team of committed professionals, whose contribution we recognise and value zz Leading to superior shareholder value, whilst being a responsible corporate citizen Sri Lanka Insurance Corporation Ltd. SLIC GROUP Annual Report 2019 6 As at the end of December 2019, the Government of Sri Lanka was the majority stakeholder of SLIC, holding 99.97% of shares of the Company vested with the Secretary to the Treasury, on behalf of the Government of Sri Lanka. THE SLIC GROUP STRUCTURE Sri Lanka Insurance Corporation Ltd. The Lanka Hospitals Corporation PLC Litro Gas Lanka Ltd. Litro Gas Terminal Lanka (Pvt) Ltd. 51.34% 99.94% 100% SLIC is the largest shareholder of SLIC is the primary shareholder Litro Gas Terminal is a fully-owned Lanka Hospitals with 51.34% of of Litro Gas Lanka with 99.94% subsidiary of SLIC and is involved shares. Lanka Hospitals is a public shareholding. Litro Gas Lanka is in storing LP Gas for domestic, quoted company involved in providing the leading LP Gas importer and commercial and bulk customers. healthcare services to the public. distributor in Sri Lanka. Lanka Hospitals Diagnostics (Pvt) Ltd. 100% Sri Lanka Insurance Corporation Ltd. Annual Report 2019 7 The SLIC Group encompasses three fully-owned subsidiaries and three partially-owned subsidiaries. The fully-owned subsidiaries of the Group are Litro Gas Terminal Lanka (Pvt) Ltd., Canowin Hotels and Spas (Pvt) Ltd., and Management Services Rakshana (Pvt) Ltd. The partially-owned subsidiaries are Litro Gas Lanka Ltd. (99.94% ownership), The Lanka Hospitals Corporation PLC (51.34% ownership), and Canwill Holdings (Pvt) Ltd. (45.95% shareholding). Management Services Rakshana Canowin Hotels and Spas (Pvt) Ltd. Canwill Holdings (Pvt) Ltd. (Pvt) Ltd. 100% 45.95% 100% Management Services Rakshana was A fully-owned subsidiary of SLIC, set up as a fully-owned subsidiary to the Company owns and manages SLIC has a 45.95% stake in Canwill provide payroll management services the rest-stop facility on the Holdings (Pvt) Ltd., which is in the for SLIC and is not involved in the Southern Expressway that provides business of managing/ investing in provision of any services or products miscellaneous services to commuters hotel projects. for the external market or external who use the Expressway. parties. Sinolanka Hotels & Spa (Pvt) Ltd. Helanco Hotels & Spa (Pvt) Ltd. 100% 100% Sri Lanka Insurance Corporation Ltd. HIGHLIGHTS Annual Report 2019 8 2019 2018 Rs. Mn. Rs. Mn. Results for the Year Total Revenue 48,609 44,380 Gross Written Premium 33,794 31,738 Net Earned Premiums 29,772 28,004 Investment and Other Income 18,837 16,375 Profit Before Tax (PBT) 8,205 7,150 Profit After Tax (PAT) 7,029 5,245 Benefits/Claims, Operating, Admin & Other Expenses 28,816 29,147 General Insurance General Insurance Fund 16,648 17,806 Net Claim Ratio 61 66 Expense Ratio 35 30 Life Insurance Life Insurance Fund 116,767 105,459 Expense Ratio 46 51 Face Value Bonus 8,244 7,697 Total Assets 211,700 198,658 FITCH Rating AAA(lka) AA+(lka) RS. 212BN TOTAL ASSETS RS. 7BN RS. 8.2BN PAT BONUS DECLARED (PROFIT AFTER TaX) RS.117BN AAA(1KA) LIFE FUND FITCH Sri Lanka Insurance Corporation Ltd. Annual Report 2019 9 THREE YEAR STRATEGY PLAN WILL HELP TO POSITION SLIC FOR FUTURE SUCCESS SLIC SERVES OVER 1.9 MN MOST VALUABLE GENERAL POLICYHOLDERS AND GROWING INSURANCE BRAND BY BRAND FINANCE 2019 AWARDED FOR BUSINESS EXCELLENCE AT NATIONAL BUSINESS EXCELLENCE AWARDS AWARDED COMMENDATION CERTIFICATE FOR YEAR AT NATIONAL QUALITY AWARDS SLIC CUSTOMER MOBILE APP Welcome To MOBILE APP REDESIGNED SLIC WEB PORTAL PUTS SLIC’s SERVICES AT CUSTOMERS’ Username FINGERTIPS Password Remember me Forgot Password? LOGIN FULLY AUTOMATED SALES FORCE OPERATION THROUGH BCONNECT AND FIRE APP RS. 3.9 MN. INVESTED IN STAFF TRAINING AND DEVELOPMENT Message from the Chairman Contd. Sri Lanka Insurance Corporation Ltd. MESSAGE FROM THE CHAIRMAN Annual Report 2019 10 I assumed duties as the Chairman of the personnel, including health ministry Sri Lanka Insurance Corporation (SLIC), employees, police, security forces, health on December 26 2019.
Load more

Recommended publications
  • ABS-Members-Book-2012.Pdf
    Mission The mission of ABS is to serve the public interest as well as the needs of our clients by promoting the security of life and property and preserving the natural environment. ABS serves the marine, offshore and related industries as a self-regulatory organization for promoting the safety of life and property and protecting the environment at sea. Appropriate to this function, general management of ABS is vested in a membership comprising individuals eminent in these industries. From this membership a Council and special purpose committees are formed to provide the society with guidance and direction. The Board of Directors sets ABS policies and rule-making procedures. All committee members serve without remuneration. Administration of ABS CORPORatE OFFICERS Robert D. Somerville Linwood A. Pendexter Mark A. McGrath CHAIRMAN SENIOR VICE PRESIDENT & CHIEF SURVEYOR VICE PRESIDENT Christopher J. Wiernicki Peter Tang-Jensen Adam W. Moilanen PRESIDENT & CHIEF EXECUTIVE OFFICER SENIOR VICE PRESIDENT VICE PRESIDENT Tony Nassif T. Ray Bennett Richard D. Pride EXECUTIVE VICE PRESIDENT & CHIEF OPERATING OFFICER VICE PRESIDENT VICE PRESIDENT & GREATER CHINA DIVISION PRESIDENT Jeffrey J. Weiner Robert W. Gilman Kenneth L. Richardson EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER VICE PRESIDENT & AMERICAS DIVISION PRESIDENT VICE PRESIDENT Robert A. Giuffra Jean C. Gould William J. Sember SENIOR VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT Todd W. Grove Eric C. Kleess Kirsi Tikka SENIOR VICE PRESIDENT & CHIEF TECHNOLOGY OFFICER VICE PRESIDENT & PACIFIC DIVISION PRESIDENT VICE PRESIDENT & EUROPE DIVISION PRESIDENT Thomas A. Miller John P. McDonald SENIOR VICE PRESIDENT, GENERAL COUNSEL & CORPORATE SECRETARY VICE PRESIDENT BOARD OF DIRECTORS Michael L. Carthew Dr.
    [Show full text]
  • The Lanka Hospitals Corporation Plc Annual Report 2012
    THE LANKA HOSPITALS CORPORATION PLC ANNUAL REPORT 2012 PLC ANNUAL REPORT CORPORATION THE LANKA HOSPITALS WINNER OF THE NATIONAL QUALITY AWARDS 2012 THE LANKA HOSPITALS CORPORATION PLC ANNUAL REPORT 2012 CORPORATE INFORMATION Name of the Company Auditors The Lanka Hospitals Corporation PLC M/s PricewaterhouseCoopers (Chartered Accountants) P. O. Box 918 Company Registration No. 100, Braybrooke Place, PQ 180 Colombo 02. Tel: +94 11 7719838 Registered Office No.578, Elvitigala Mawatha, Registrars to Shares Narahenpita, Colombo 05, Sri Lanka M/s National Asset Management Limited Tel: +94 11 5430000 Union Bank Building, Lanka Hospitals was awarded ‘Winner’ in the Large Scale Fax: +94 11 4511199 7th Floor, Healthcare category at the Sri Lanka National Quality Awards E-mail: [email protected] 64, Galle Road, 2012, hosted by the Sri Lanka Standards Institution (SLSI). The Colombo 03. award criteria is based on the Malcolm Baldridge National Quality Board of Directors Tel : +94 11 2445911 Awards criteria used in the USA: Mr. Gotabhaya Rajapaksa Mrs. R. S. Cabraal Bankers • Leadership Dr. Nalaka Godahewa Bank of Ceylon • Strategic planning Prof. Dayasiri Fernando Hatton National Bank PLC • Customer focus Mr. A. M. Mohan De Alwis • Measurement, analysis and knowledge management Dr. G. W. K. Wickramasinghe • Workforce focus Mr. P. A. Lionel Mr. Malvinder Mohan Singh • Operations focus (Alternate Director Mr. Vishal Bali) • Results Mr. Shivinder Mohan Singh (Alternate Director Mr. Balinder Singh Dhillon) Mr. Sunil Godhwani Accreditations/Certifications: (Alternate Director Mr. G. Ramesh Krishnan) Full Lab Accreditation - ISO 15189 : 2007 standard Dr. N.N.A.P.Bandula ISO 22000 : 2005 standard for food safty Management Chandranath Wijesiriwardena A+/P1 (Stable)” by RAM Ratings for two consecutive years Dr.
    [Show full text]
  • Pre-Feasibility Study Inland Water Based Transport Project (Phase I) Western Province Sri Lanka
    GOVERNMENT OF THE DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA Ministry of Megapolis and Western Development Sri Lanka Land Reclamation and Development Corporation in collaboration with Western Region Megapolis Planning Project Draft Report Pre-Feasibility Study Inland Water Based Transport Project (Phase I) Western Province Sri Lanka April 2017 1 PRE-FEASIBILITY STUDY TEAM Name Designation Institute Dr. N.S. Wijayarathna Team Leader, Sri Lanka Land Reclamation and Deputy General Development Corporation Manager (Wetland Management) Dr. Dimantha De Silva Deputy Team Leader, Western Region Megapolis Planning Transport Specialist, Project Senior Lecturer Transportation Engineering Division, Department of Civil Engineering, University of Moratuwa Mr. R.M. Amarasekara Project Director, Ministry of Megapolis and Western Transport Development Development Project Dr. W.K. Wimalsiri Infrastructure Department of Mechanical Specialist Engineering Head of the University of Moratuwa Department Dr. H.K.G. Punchihewa Safely Specialist, Department of Mechanical Senior Lecturer Engineering University of Moratuwa Sri Lanka Mr. Nayana Mawilmada Head of Investments Western Region Megapolis Planning Project Mr. Thushara Procurement Western Region Megapolis Planning Sumanasekara Specialist Project Ms. Disna Amarasinghe Legal Consultant Sri Lanka Land Reclamation and Development Corporation Mrs. Ramani Ellepola Environmental Western Region Megapolis Planning Specialist Project Mr. Indrajith Financial Analyst Western Region Megapolis Planning Wickramasinghe Project
    [Show full text]
  • Ship Repairs Shipbuilding Heavy Engineering
    SHIPBUILDING SHIP REPAIrs HEAVY ENGINEERING StrategicallyStrategically LocatedLocated @@ THETHE HUBHUB OFOF THETHE INDIANINDIAN OCEANOCEAN Sri Lanka Japan The truly international Dockyard in South Asia with principal equity alliance with Onomichi Dockyard Co. Ltd, Japan Our Core Values Quality Timeliness Safety Reliability Green Ethics Corporate Information Key Strengths Name : Colombo Dockyard PLC Strategic Location: Lying Operates 4 drydocks up to Combined Blasting and at the hub of Shipping lanes 125,000 DWT Painting Workshops with Legal Form : Public quoted company with limited liability joining West and East controlled conditions for A licensed enterprise of the Board of Investment of Sri Lanka Workforce of over 3,000 application of specialised Ship Repairs: Over 150 Sri Lankans protective coatings Registered Address & location : Port of Colombo, Sri Lanka vessels per annum generating US$ 30-40 million Average annual turnover over Certified to ISO 9001:2008 Established : 1974 US$ 150 million by Lloyds Register Quality Shipbuilding: 4 specialised Assurance State of the art Machinery and Partnership : Collaboration with Onomichi Dockyard Co., vessels per annum generating over US$ 100 million Equipment LRQA assessment assessors Ltd of Japan since 1993 have recommended the Heavy lifting capability up to Heavy Engineering: Heavy shipyard for OHSAS Major Shareholder : 51% by Onomichi Dockyard Co., Ltd, 160 Tons steel fabrication over US$ 10 18001:2007 & ISO 14001:2015 million per annum 500 Ton Steel Press certifications Over 40 years experience
    [Show full text]
  • Excellence 40Years Of
    Visit us at SMM - COLDOCK Stall Number B3.EG.205 T I M E S “...an Odyssey of Excellence” VOLUME 08 I SEPTEMBER 2014 www.cdl.lk 40CYearselebrating of Excellence The truly international Dockyard in South Asia with principal equity alliance with Onomichi Dockyard Co. Ltd, Japan. Colombo Dockyard was established in 1974 August 1, with the prime objective of providing ship repair facilities to the local industry requirements. The shipyard had evolved over the last four decades from a small time repair work shop to a full service ship repair facility acclaimed as an International shipyard competing with the best in the world. HIGHLIGHTSHIGHLIGHTS COLDOCK T I M E S INSIDE THIS ISSUE ... CHAIRMAN’S MESSAGE 03 MANAGING DIRECTOR/CEO’S MESSAGE 04 CELEBRATING 40TH ANNIVERSARY OF COLOMBO DOCKYARD PLC 05 CONTAINER CARRIER “NIARA” MANAGED BY SEACHANGE MARITIME (S) PTE LTD REPAIRS COMPLETED SUCCESSFULLY 09 A HIGHLY COMPLEX MULTIPURPOSE PLATFORM COLOMBO DOCKYARD BUILT MV CORALS, SUPPLY VESSEL WAS RECENTLY DELIVERED TO HER THE FIRST OF TWO 400 PASSENGER VESSELS SINGAPOREAN OWNER FOR THE UNION TERRITORIES OF LAKSHADWEEP ADMINISTRATION OF THE GOVERNMENT OF INDIA 10 PRODUCT CARRIER “INTREPID REPUBLIC” MANAGED BY BERNHARD SCHULTE SHIPMANAGEMENT (CYPRUS) CO. LTD IN FOR DRYDOCK REPAIRS 12 MCLARENS SHIPPING LIMITED 13 A HIGHLY COMPLEX MULTIPURPOSE PLATFORM SUPPLY VESSEL WAS RECENTLY DELIVERED TO HER SINGAPOREAN OWNER 14 WARTSILA IN SRI LANKA 16 “PANGAEA” SUPER LUXURY YACHT CALLS COLOMBO FOR HER LAY UP REPAIRS JAPANESE COAST GUARD DELEGATION VISITS COLOMBO DOCKYARD 17 BULK CARRIER “JAL VAHINI” OWNED BY GLOBAL UNITED SHIPPING INDIA REPAIRS COMPLETED SUCCESSFULLY 18 “PANGAEA” SUPER LUXURY YACHT CALLS COLOMBO FOR HER LAY UP REPAIRS 19 PACIFIC INTERNATIONAL LINES (PIL), LOOKS TO COLOMBO AS A REPAIR HUB FOR THEIR VESSELS OPERATING IN THE REGION 20 DOCKYARD GENERAL ENGINEERING SERVICES 21 COLOMBO DOCKYARD BUILT MV CORALS, THE FIRST OF TWO COLOMBO ATTRACTS MULTIPURPOSE AND DIVING 400 PASSENGER VESSELS FOR THE UNION TERRITORIES OF SUPPORT VESSELS FOR MAJOR LAY UP REPAIRS.
    [Show full text]
  • Explore Sri Lanka
    EXPLORE SRI LANKA CHECK OUT THE UNIQUE OFFERS INSIDE FOR THESE ELIGIBLE BRANDS: RETAIL DINING & RESTAURANTS ODEL Berlin Sky Lounge RECEIVE A ENJOY 10% OFF 10% DISCOUNT YOUR MEAL ON YOUR PURCHASE The Goldblock, 101/11 Hunupitiya Lake Road, Colombo 2 1st, Floor Capital Mall, No 135, Dutugemunu +94 11 4366388 Thalawathugoda Street, Kohuwala +94 113 357900 +94 114 542756 286, Highlevel Road, No 29A, Jayathilake Colombo 6 Mawatha, Panadura IL Cielo +94 114 209139 +94 384 285008 ENJOY 10% OFF 385, Negombo Road, No 322, Koswatte, YOUR MEAL Wattala Battaramulla +94 11 2980171 +94 114 641400 The Goldblock, 101/11 Hunupitiya Lake Road, Colombo 2 G-3, Udeshi City Shopping No 4, Hotel Road, Complex, Makola Road, Mount Lavinia +94 11 4366355 Kiribathgoda +94 114 640490 +94 114 641961 No 5, Alexandra Place, Level 3, Kandy City Centre Colombo 7 Loon Tao 5, Dalada Veediya, Kandy +94 114 625800 ENJOY 10% OFF +94 81 2205382 No. 53, Hospital Road YOUR MEAL K Zone, Ja-Ela, Kalubowila Gampaha +94 113 383833 Race Course, Philip Gunewardena Mawatha, +94 112 071071 Colombo 7 No 89A, New Galle +94 11 2698989 No 1-29, Majestic City, Road, Moratuwa Galle Road, Colombo 4 +94 114 209571 +94 112 595763 Tsing Tao Maximum discount per transaction of LKR 1000. Offer valid 1-December-2016 to 31-May-2017. ENJOY 10% OFF YOUR MEAL 43/12 College Avenue, Mount Lavinia +94 11 2722723 Above offers valid 1-December-2016 to 31-December-2017. RECEIVE A $10 DISCOUNT OFF ANY PURCHASE ABOVE $65 Flemingo Flow- Hilton Colombo Residencies Bandaranaike International Airport, Colombo, Sri Lanka ENJOY 15% OFF YOUR FINAL BILL +94 11 4696969 P.O.
    [Show full text]
  • The Democratic Socialist Republic of Sri Lanka Ministry of Railways and Transport Ministry of Highways Road Development Authority
    No. THE DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA MINISTRY OF RAILWAYS AND TRANSPORT MINISTRY OF HIGHWAYS ROAD DEVELOPMENT AUTHORITY THE STUDY ON THE URBAN TRANSPORT DEVELOPMENT OF THE COLOMBO METROPOLITAN REGION FINAL REPORT APPENDIX October 2006 JAPAN INTERNATIONAL COOPERATION AGENCY PADECO Co., Ltd. Oriental Consultants Co., Ltd. SLO JR 06-011 THE DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA MINISTRY OF RAILWAYS AND TRANSPORT MINISTRY OF HIGHWAYS ROAD DEVELOPMENT AUTHORITY THE STUDY ON THE URBAN TRANSPORT DEVELOPMENT OF THE COLOMBO METROPOLITAN REGION FINAL REPORT APPENDIX October 2006 JAPAN INTERNATIONAL COOPERATION AGENCY PADECO Co., Ltd. Oriental Consultants Co., Ltd. Urban Transport Development of the Colombo Metropolitan Region Appendix APPENDIX Appendix 1 Long List of Projects and Proposals from Previous Studies and Working Groups..................................................... A1-1 Appendix 2 Socio-Economic Activities of Western Province............................................... A2-1 Appendix 3 Land Use Data................................................................................................... A3-1 Appendix 4 Trip Demand Distribution in CMR ................................................................... A4-1 Appendix 5 Daily Traffic Distribution.................................................................................. A5-1 Appendix 6 Freight Traffic ................................................................................................... A6-1 Appendix 7 Road Design Standards ....................................................................................
    [Show full text]
  • A & S Associates Vision House, 6Th Floor, 52, Galle Road
    A & S ASSOCIATES VISION HOUSE, 6TH FLOOR, 52, GALLE ROAD COLOMBO 4 Tel:011-2586596 Fax:011-2559111 Email:[email protected] Web:www.srias.webs.com Mr. S SRIKUMAR A &T ASSOCIATES 33, PARK STREET, COLOMBO 02. Tel:011-2332850 Fax:011-2399915 Mrs. A.H FERNANDO A ARIYARATNAM & COMPANY 220, COLOMBO STREET, KANDY Tel:081-2222388 Fax:081-2222388 Email:[email protected] Mr. S J ANSELMO A B ASSOCIATES 14 B, HK DARMADASA MW, PELIYAGODA. Tel:011-2915061 Tel:011-3037565 Email:[email protected] Mr. P.P KUMAR A H G ASSOCIATES 94 2/2, YORK BUILDING YORK STREET COLOMBO 01 Tel:011-2441427 Tel:071-9132377 Email:[email protected] Mr. J.R. GOMES A KANDASAMY & COMPANY 127, FIRST FLOOR, PEOPLE'S PARK COMPLEX, PETTAH,COLOMBO 11 Tel:011-2435428 Tel:011-2472145 Fax:011-2435428 Email:[email protected] Mr. A KANDASAMY A. I. MACAN MARKAR & CO., 46-2/1, 2ND FLOOR, LAURIES ROAD, COLOMBO 04 Tel:0112594205 Tel:0112594192 Fax:0112594285 Email:[email protected] Web:www.aimm.lk Mrs. S VISHNUKANTHAN Mr. RAJAN NILES A. M. D. N AMERASINGHE 6/A, MEDAWELIKADA ROAD, RAJAGIRIYA Tel:011-2786743 Mr. A. M. D. N AMERASINGHE A.C.M IFHAAM & COMPANY #11, STATION ROAD, BAMBALAPITIYA, COLOMBO 04 Tel:011-2554550 Fax:011-2583913 Email:[email protected];[email protected] Web:www.acmigroup.lk Mr. A.C.M IFHAAM A.D.N.D SAMARAKKODY & COMPANY 150, BORELLA ROAD, DEPANAMA, PANNIPITIYA Tel:011-2851359 Tel:011-5523742 Fax:011-2897417 Email:[email protected] Mr. A.D.N.D SAMARAKKODY A.G.
    [Show full text]
  • Curriculum Vitae of Dr C.S
    Dr. Chamindalal Sujeewa Lewangamage Ph.D. (Tokyo), M.Eng. (Tokyo), B.Sc. Eng. Hons. (Moratuwa, Sri Lanka), C.Eng., MIE(SL), MSSE(SL) Office address Home Address Department of Civil Engineering, 307/9, Daham Pasal University of Moratuwa, Mawatha, Thumbowila Sri Lanka. Piliyandala, Sri Lanka. Tel: +94 - 11 2650567/8 (ext. 2014) +94 – 112613781 Fax: +94 -11 2651216 Mobile: +94-715323239 Email: [email protected], [email protected] Website: https://uom.lk/staff/Lewangamage.C.S.php EDUCATION 2001 - 2004 University of Tokyo, Japan Ph.D. : Civil (structural) Engineering Title : Failure and thermo-mechanical behaviour of rubber and its seismic isolation bearings. 1999 - 2001 University of Tokyo, Japan M.Eng.: Civil (structural) Engineering Title : Measurement of strain filed of continua by image analysis. 1994 - 1998 University of Moratuwa, Moratuwa, Sri Lanka B.Sc. (Hons) First Class in Civil Engineering. (Class rank is 2 out of 100) HONOURS AND AWARDS Gold Medal for the best paper (A statistical based approach for demarcating a wind loading map for Sri Lanka), Annual Sessions-2017, Society of Structural Engineers Sri Lanka. Award of Excellence in recognition of the Outstanding Research Performances for (2009- 2011), (2013-2015), (2016), (2017), (2018), University of Moratuwa, Sri Lanka. Monbusho scholarship to pursue Ph.D. programme at the University of Tokyo, awarded by the Ministry of Science, Sports and Culture, Japan (2001). Monbusho scholarship to pursue Master of Engineering programme at the University of Tokyo, awarded by the Ministry of Science, Sports and Culture, Japan (1999). Rex Cross Moraes Memorial Award for the best Civil Engineering student in Construction (1998).
    [Show full text]
  • Education Work Experience
    Ranga Rodrigo, B.Sc.Eng.Hons. (Moratuwa, Sri Lanka), M.E.Sc. (Western, Canada), Ph.D. (Western, Canada), SMIEEE Office: Department of Electronic and Telecommunication Engineering Residence: Residence: +94 11 261 9675 Room EB111 120/28 ct Gardens Office (direct): +94 11 264 0422 University of Moratuwa Gangarama Road Office: +94 11 265 0634-6 ext. 3315 Moratuwa 10400 Thumbowila Facsimile: +94 11 265 0622 Sri Lanka Piliyandala 10300 [email protected] Sri Lanka http://ranga.staff.uom.lk Education 2005–2007: Doctor of Philosophy Department of Electrical and Computer Engineering, The Western University of Canada. Area: Computer Vision, Thesis: Indoor Feature Tracking. 2003–2004: Master of Engineering Science Department of Electrical and Computer Engineering, The Western University of Canada. 1996–2000: Bachelor of Science (Engineering) Department of Electronic and Telecommunication En- gineering, University of Moratuwa, Sri Lanka. Obtained first class honors. Work Experience January 2008 to date: Senior Lecturer Department of Electronic and Telecommunication Engineering, University of Moratuwa, Sri Lanka. Responsibilities of the position include • Curriculum development, designing course modules, teaching aids, and delivery. • Coordinator for the IESL accreditation in the Department. • Teaching large and small classes of students. • Supervising student projects. • Collaborating with parties such as industry, and professional bodies. • Relevant student and Departmental administrative activities. August 2011 to April 2015: Chairman, Center for Open and Distance Learning (CODL) University of Moratuwa, Sri Lanka. University of Moratuwa offers its Bachelor of Information Technology External degree through CODL. 2008 to 2011: Director, Zone24 7—University of Moratuwa Laboratory I direct research projects in this £ research laboratory. We carry out research in association with Zone24x7 Inc., San Jose, CA, aimed at areas such as state-of-the-art video compression, and embedded vision.
    [Show full text]
  • Orient Finance PLC – IPO 2016 – Prospectus
    PROSPECTUS INITIAL PUBLIC OFFERING “TO BE LISTED ON THE DIRI SAVI BOARD OF THE COLOMBO STOCK EXCHANGE” Managers to the issue KENANGA INVESTMENT CORPORATION LTD ORIENT FINANCE PLC (Company Registration No: PB 1079 PQ) Incorporated under the Companies Ordinance No. 51 of 1938 and re-registered under the Companies Act No.07 of 2007. The Company is registered under the Finance Business Act No.42 of 2011 PROSPECTUS INVITATION TO INVEST IN 71,500,000 ORDINARY VOTING SHARES AT LKR 15 PER SHARE TO RAISE LKR 1,072,500,000 148,018,370 ORDINARY SHARES OF ORIENT FINANCE PLC TO BE LISTED ON THE DIRI SAVI BOARD OF THE COLOMBO STOCK EXCHANGE MANAGERS TO THE ISSUE KENANGA INVESTMENT CORPORATION LIMITED 4TH FLOOR, LANDMARK BUILDING, NO 385 GALLE ROAD, COLOMBO 03 This page is intentionally left blank Invitation to investors This invitation represents an opportunity to participate in the future growth prospects of Orient Finance PLC (“BFN”) formally known as Bartleet Finance PLC (“BFN”), a Non-Banking Financial Institution specialised in acceptance of deposits, granting lease facilities, hire purchase, loans and other credit facilities, real estate developments, share trading and related services. Through this Prospectus, BFN hereby wishes to make an invitation for Investment in respect of Seventy One Million Five Hundred Thousand (71,500,000) Ordinary Voting Shares at LKR 15.00 per Share. In this document, a prospective investor will find detailed information about BFN and its business in addition to other statutory information relating to the Issue. The Board of Directors of the Company urges the investing public that this Prospectus be read carefully prior to making an investment decision.
    [Show full text]
  • Commercial Bank of Ceylon Plc Annual Report 2014.Pdf
    This Annual Report is published within three months of the date of the Statement of Financial Position. The web version is also published online on the same date as the date of issue of this Annual Report at www.combank.lk Our ‘way of life’; the ethics we espouse; our practices and processes; our principles and beliefs; our interaction with different communities…all of these speak of a strong culture unique to Commercial Bank. It has evolved over generations and today, the Bank enjoys steady and consistent growth and success because of it. Stakeholder inclusiveness pervades every facet of the Combank culture and Way. We are shaped and in turn shape our enterprise by listening closely to ‘the voice of the stakeholder’, learning and taking on board what needs to be done to remain people oriented, successful and sustainable. Welcome to Combanking! A cross section of stakeholder perceptions of the Bank appears throughout this report. Contents About the Bank 3 Annual Report of the Board of Directors 194 Executive Summary 4 Statement of Directors’ Responsibility 206 Highlights of the Year 6 Directors’ Statement on Internal Control 208 Letter from the Chairman 8 Assurance Report on Internal Control 210 Managing Director’s Review 12 Managing Director’s and Chief Financial Officer’s Statement of Responsibility 211 Directors' Interest in Contracts with the Bank 212 Management Discussion and Analysis 15 Other Disclosure Requirements Under the Prescribed Format Issued by the Central Bank of Sri Lanka for Preparation of Review of the Macroeconomic
    [Show full text]