Melstacorp Plc
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Annual Report 2012/2013
THE PURSUIT OF EXCELLENCE One hundred years of passion, hard work and perseverance have brought to where we are today: a highly respected, fast growing blue chip conglomerate with interests in several key growth industry sectors: beverages, telecommunications, plantations, hotels, textiles, finance, insurance, power genaration, media and logistics. And yet, we will not rest. Our story is far from over. Indeed, it has only just begun. Look to us for even greater achievements as we step into the next century of our lifetime, to build further upon our current successes. DCSL. 100 years in the passionate pursuit of excellence. Distilleries Company of Sri Lanka PLC | Annual Report 2012/13 1 Financial Highlights 2013 2012 2013 2012 Group Group Company Company Summary of Results Gross Turnover Rs Mn 65,790 63,125 51,549 49,136 Excise Duty Rs Mn 37,024 36,150 34,088 33,860 Net Turnover Rs Mn 28,766 26,975 17,461 15,276 Profit After Tax Rs Mn 5,258 6,052 6,873 4,297 Shareholders Funds Rs Mn 47,978 41,576 39,155 32,597 Working Capital Rs Mn (1,298) (3,234) (6,139) (21,374) Total Assets Rs Mn 78,245 73,355 55,942 62,563 Staff Cost Rs Mn 3,194 3,155 1,039 1,080 No. of Employees 18,674 18,158 1,343 1,389 Per Share Basic Earnings* Rs. 17.13 18.45 10.68 11.85 Net Assets Rs. 159.93 138.59 130.52 108.66 Dividends Rs. 3.00 3.00 3.00 3.00 Market Price - High Rs. -
Browns-Beach-Hotels-PLC-Annual
CONTENTS Notice of Meeting ......................................................................................................................................... 02 Corporate Information ................................................................................................................................ 04 Chairman’s Review ...................................................................................................................................... 05 The Board of Directors................................................................................................................................. 06 Risk Management ........................................................................................................................................ 09 Corporate Governance ................................................................................................................................ 08 Remuneration Committee Report ............................................................................................................. 23 Audit Committee Report ............................................................................................................................ 25 Annual Report of the Board of Directors .................................................................................................. 27 Statement of Directors’ Responsibilities ................................................................................................... 33 Independent Auditors’ Report .................................................................................................................. -
Melstacorp Limited Introductory Document
MELSTACORP LIMITED INTRODUCTORY DOCUMENT Listing of 1,165,397,072 Voting Ordinary Shares To be Listed on the Main Board of the Colombo Stock Exchange At a Reference Price of LKR 69.00 Financial Advisors and Managers to the Introduction: CT CLSA Capital (Pvt) Ltd (A CT Holdings Group and CLSA Group Company) # 4-15A, Majestic City, 10, Station Road, Colombo 04. Tel : +94 11 250 3523 : +94 11 258 4843 Fax : +94 11 258 0181 i Registration of the Introductory Document A copy of this Introductory Document has been delivered to the Registrar General of Companies in Sri Lanka for registration. The following documents were also attached to the copy of the Introductory Document delivered to the Registrar General of Companies. 1) The written consent of the Financial Advisors and Managers to the Introduction The Financial Advisors and Managers to the Introduction have given and have not before the delivery of a copy of the Introductory Document for registration withdrawn their written consent for the inclusion of their name as Financial Advisors and Managers to the Introduction and for the inclusion of their statements/declarations in the form in which it is included in the Introductory Document. 2) The written consent of the Auditors and Reporting Accountants to the Company The Auditors and Reporting Accountants to the Company have given and have not before the delivery of a copy of the Introductory Document for registration withdrawn their written consent for the inclusion of their name as Auditors and Reporting Accountants to the Company and for the inclusion of their report/statements in the form and context in which it included in the Introductory Document. -
Sri Lanka Equities Aspi ^ 4.46% | S&P Sl20 ^ 7.04%
ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 02 Nov 2018 th nd ASPI Hits 2-Month High Amid Higher Volatility… LKR Indices vs. Turnover (29 Oct – 02 Nov) Falls as Foreign Sell-Off of Assets Increases… 6,300 3,500 ASPI Increases 6,200 S&P SL20 3,400 S&P SL20 S&P ASPI ^ 4.46% | S&P SL20 ^ 7.04% 6,100 3,300 ASPI 6,000 3,200 The Bourse ended the week… Cont. P2 5,900 3,100 5,800 3,000 29-Oct 30-Oct 31-Oct 01-Nov02-Nov Foreign investors closed the week... Cont. P3 5.00 4.00 3.00 Equity market volatility ….… Cont. P4 2.00 LKR Bn) LKR (Turnover 1.00 0.00 Economic Snapshot………… P5 29-Oct 30-Oct 31-Oct 01-Nov 02-Nov KEY STATISTICS Week ending 02-Nov 26-Oct +/- ASPI 6,092.21 5,831.96 4.46% S&P SL20 3,208.43 2,997.33 7.04% Banking & Finance 16,242.78 15,368.05 5.69% Food & Beverage 24,368.96 24,096.79 1.13% Diversified 1,591.90 1,482.33 7.39% Hotel & Travel 2,677.50 2,642.53 1.32% Plantations 749.11 725.44 3.26% Manufacturing 2,963.05 2,742.56 8.04% Turnover (LKR Bn) 9.92 3.15 215.37% Foreign Buying (LKR Mn) 2,656.24 1,959.06 35.59% Foreign Selling (LKR Mn) 6,519.96 2,403.48 171.27% Daily Average Turnover (LKR Bn) 1.98 0.79 152.29% Daily Average Foreign Buying (LKR Mn) 531.25 489.76 8.47% Daily Average Foreign Selling (LKR Mn) 1,303.99 600.87 117.02% TOP 10 GAINERS TOP 10 LOSERS Opening Closing WoW % Opening Closing WoW % Company Code Company Code Price Price Change Price Price Change MTD WALKERS KAPIN 8.0 12.9 61.3% KELSEY KDL N 35.0 29.5 -15.7% BLUE DIAMONDS[NV] BLUEX 0.2 0.3 50.0% UDAPUSSELLAWA UDPL 35.0 29.6 -15.4% AMANA LIFE ATLLN 9.0 12.9 43.3% MERC. -
DFCC Bank PLC Annual Report 2016.Pdf
Going beyond conventional reporting, we have implemented a About this Report more current format for reporting and have upgraded our corporate website with a focus on investor relations, supplemented by an investor relations app for smart phones and other devices. This is an integrated annual report and is a compact Reporting Period disclosure on how our strategy, governance, performance and prospects have resulted in the The DFCC Bank Annual Report for 2016 covers the 12 month period from 01 January 2016 to 31 December 2016 and is reflective of the creation of sustainable value within our operating change in the financial year-end implemented in 2015. The previous environment. annual report covered the nine month period from 01 April 2015 to 31 December 2015 and is available on the company website Value Creation and Capital Formation (www.dfcc.lk). Some of the Group entities have a 31 March financial year-end and they are consolidated with DFCC Bank’s reporting The ability of an organisation to create sustainable value for itself period with a three month time lag. A summary of the accounting depends on the value it creates for its stakeholders, making value periods covered by the Statement of Profit and Loss and Other creation essentially a two-way process. In fact, the more value an Comprehensive Income in the Bank and the Group columns is given organisation creates, the more value it is able to create for itself. in the Financial Report (page 136). Therefore firms spend substantial resources on creating and maintaining relationships with their stakeholders. Value creation leads to capital formation. -
John Keells Holdings Plc | Annual Report 2018/19
GOING FORW RD JOHN KEELLS HOLDINGS PLC | ANNUAL REPORT 2018/19 GOING FORW RD For over 149 years, John Keells has built and managed a diverse industry portfolio including several industry sectors strategically selected to represent key growth areas of the economy. We are known as an entrepreneurial company constantly seeking new business opportunities to explore, innovate and make our own. That is how we have maintained an even trajectory of expansion and growth throughout every decade of our long history. Over the past few years, we have been investing in several enterprises that we identified as potentially value enhancing, such as the "Cinnamon Life" project, which will be an iconic landmark transforming the city of Colombo. Today, the Group moves into the next phase as our major investments begin to yield results. Yet the road has not always been an easy one and there were times when we had to dig deep, leveraging on our financial strength, operational expertise, business leadership and corporate resilience to withstand the challenges we have had to face. The Easter Sunday attacks of April 2019 will be long remembered for the tragedy and turmoil we all experienced. Yet, we have every confidence in our nation’s proven resilience and capacity to move ahead and prosper, united as one. Going forward, we will continue to harness the value created by our investment strategies; evolving our standards of governance while ensuring that our digital capabilities and innovative approach will drive your Company’s progress to the next level. JOHN -
Correction: Fitch Affirms Melstacorp and Distilleries at 'AAA(Lka)'; Outlook Stable
04 Nov 2019 Affirmation Correction: Fitch Affirms Melstacorp and Distilleries at 'AAA(lka)'; Outlook Stable Fitch Ratings-Colombo-04 November 2019: This is a correction of a release published on 22 October 2019. It corrects the leverage level above which negative rating action may be taken. Fitch Ratings has affirmed the National Long-Term Ratings of Sri Lanka-based conglomerate, Melstacorp PLC, and its subsidiary, Distilleries Company of Sri Lanka PLC (DIST), at 'AAA(lka)'. The Outlook is Stable. Fitch rates DIST based on the consolidated profile of Melstacorp due to strong legal and operational linkages between the two entities, as defined in our Parent and Subsidiary Rating Linkage criteria. DIST contributes around 70% to Melstacorp's consolidated EBITDAR, shares the same board of directors and has previously provided financial support to weaker group entities in the form of corporate guarantees. The affirmations reflect Melstacorp's ability to maintain leverage below 2.0x over the medium-term, despite large investments in core and non-core operations. Leverage is defined as net adjusted debt/operating EBITDAR, including Melstacorp's 51%-share of Aitken Spence PLC's net debt and EBITDA, but excluding its insurance subsidiary. Melstacorp saw net leverage weaken to 1.8x in the financial year ending March 2019 (FY19), from 1.3x in FY18, following significant debt-funded investments. The group's investment drive is supported by the strong operating cash flow of its core subsidiary, DIST, which is Sri Lanka's market leader in spirits, enjoying a strong brand presence and high entry barriers. We expect DIST to account for around 70% of Melstacorp's group EBITDA, including its 51% share of Aitken Spence, over the medium-term. -
371 1614591002086.Pdf
Contents About this Report – 02 About DFCC Bank – 03 A Pioneer’s Journey – 04 DFCC Group Structure – 05 Highlights – 06 Leadership 08 Message from the Chairman – 08 Chief Executive’s Review – 10 Board of Directors – 13 Corporate Management – 17 Management Team – 18 20 Business Model Our Value Creation Model – 20 Operating Environment – 22 Strategic Direction and Outlook – 24 Stakeholders – 26 Materiality – 30 Management 32 Discussion and Analysis Financial Capital – 32 Institutional Capital – 46 Investor Capital – 51 Customer Capital – 54 Employee Capital – 63 Business Partner Capital – 68 Social and Environmental Capital – 71 Financial By combining the 145 Reports commercial banking mindset with the Financial Calendar – 146 development banking Statement of Directors’ Responsibilities mindset we have crafted in Relation to Financial Statements – 147 over 65 years, DFCC Chief Executive’s and Chief Financial Bank is well placed to Officer’s Statement of Responsibility – 148 leverage this expertise to build long-lasting Independent Auditors’ Report – 149 relationships that Income Statement – 154 benefit both our customers and our bank. Statement of Profit or Loss and other Comprehensive Income – 155 J Durairatnam Statement of Financial Position – 156 Chairman Statement of Changes in Equity – 158 Statement of Cash Flows – 160 Notes to the Financial Statements – 163 Other Disclosures – 297 The Bank’s agility was on full display in 2020 as it fully embraced its goal of becoming a customer centric, digital-first bank to serve our customers during unprecedented times. L H A L Silva Chief Executive Officer Supplementary Recognition Stewardship 77 79 301 Information Awards and Accolades – 77 Integrated Risk Management – 79 Quantitative Disclosures Key Events of the Year – 78 as per Schedule III of Banking w Corporate Governance – 104 Act Direction No. -
DFCC Bank Annual Report for 2018
Produced by Smart Media (Pvt) Limited, a carbon Contents 02 69 About this Report Recognition Awards and Accolades – 69 03 About DFCC Bank 70 Stewardship Integrated Risk Management – 70 04 Corporate Governance – 94 Annual Report of the Board of Directors on Highlights the Affairs of the Bank – 108 Board Committees – 114 Directors’ Statement on 06 Internal Control – 123 DFCC Group Structure Independent Assurance Report – 126 08 127 Leadership Financial Reports Financial Calendar – 128 Message from the Chairman – 08 Statement of Directors’ Responsibilities in Chief Executive’s Review – 10 Relation to Financial Statements – 129 Board of Directors – 12 Chief Executive’s and Chief Financial Corporate Management – 16 Officer’s Statement of Responsibility – 130 Management Team – 18 Independent Auditors’ Report – 131 Financial Statements and Notes – 136 20 Other Disclosures – 243 Business Model Our Value Creation Model – 20 246 Operating Environment – 22 Supplementary Information Strategic Direction and Outlook – 23 Basel III Disclosure Requirement – 246 Stakeholders – 26 Main Features of Regulatory Capital Materiality – 28 Instruments – 263 Ten Year Summary – 266 30 Corporate Information – 267 Management Discussion and Analysis Financial Capital – 30 Institutional Capital – 43 Investor Capital – 45 Customer Capital – 49 Employee Capital – 56 Business Partner Capital – 61 Social and Environmental Capital – 66 This Integrated Annual Report serves as a disclosure of our strategy, governance, performance About A condensed “annual snapshot” and prospects -
Melstacorp Plc
MELSTACORP PLC INTERIM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2018 MELSTACORP PLC STATEMENT OF COMPREHENSIVE INCOME Group Company Unaudited Audited Variance Unaudited Audited Variance Rs. '000s For the year ended 31st March 2018 2017 % 2018 2017 % Rs. '000 Rs. '000 Rs. '000 Rs. '000 Gross revenue 109,947,950 108,999,117 0.87 202,695 193,249 4.89 Net revenue 44,721,388 40,193,467 11.27 202,695 193,249 4.89 Cost of Sales, Net benefits and Interest expenses (30,243,902) (24,856,774) 21.67 (8,308) (6,675) 24.46 Gross profit 14,477,486 15,336,693 (5.60) 194,387 186,574 4.19 Other operating income 2,673,877 1,186,493 125.36 3,665,617 3,291,984 11.35 Distribution expenses (1,791,623) (1,897,272) (5.57) - - - Administartive expenses (4,741,832) (4,505,095) 5.25 (144,699) (133,424) 8.45 Other operating expenses (1,616,092) (368,497) 338.56 (1,832,276) (1,432,212) 27.93 Profit from operations 9,001,816 9,752,322 (7.70) 1,883,029 1,912,922 (1.56) Finance Income 1,256,009 703,405 78.56 870,786 1,425,673 (38.92) Finance Cost (1,998,373) (1,092,238) 82.96 (92,764) (85,488) 8.51 Net Finance Income/(cost) (742,364) (388,833) 90.92 778,022 1,340,185 (41.95) Share of profit of Equity - Accounted Investees 2,075,174 1,326,853 56.40 - - - Gain on Bargaining Purchases 867,008 - 100.00 - - - Profit before taxation 11,201,634 10,690,342 4.78 2,661,051 3,253,107 (18.20) Income Tax (3,722,328) (3,890,700) (4.33) (200,396) (386,732) (48.18) Profit/ (Loss) for the Year 7,479,306 6,799,642 10.00 2,460,655 2,866,375 (14.15) Other comprehensive income -
Distilleries Company of Sri Lanka PLC / Annual Report 2015 / 16
Distilleries Company of Sri Lanka PLC / Annual Report 2015 / 16 / Distilleries Company of Sri Lanka PLC / Annual Report 2015 Distilleries Company of Sri Lanka PLC / Annual Report 2015 / 16 The right track The operations of the Distilleries Group are wide-ranging and complex, now grown to include diverse sectors. Over the years, we have honed our business model to one that is vibrant and dynamic, constantly evolving to meet changing consumer and stakeholder needs. We’re building on our fine heritage to evolve your company into the future. We’re looking to the years ahead with confidence and anticipation, because we know we have the right people, the right positions and the right strategies to keep us firmly on the right track. Contents Group Overview 3 Highlights of the Year 4 Financial Highlights 8 Our Businesses 12 Historical Perspective 14 The Story of Arrack 22 Chairman’s Statement 26 Board of Directors 30 Group Management 32 DCSL Management Management Information 34 Management Discussion and Analysis 44 Sustainability Report Governance Reports 55 Corporate Governance 68 Enterprise Risk Management 72 Board Audit Committee Report 74 Remuneration Committee Report 75 Board Related Party Transactions Review Committee 76 Annual Report of the Board of Directors Financial Reports 80 Statement of Directors Responsibility 81 Independent Auditors’ Report 82 Statement of Profit or Loss and Other Comprehensive Income 83 Statement of Financial Position 84 Statement of Changes in Equity 87 Statement of Cash Flows 88 Notes to the Financial Statements 163 Statement of Value Added 164 Details of Real Estate 165 Shareholder Information 167 Ten Year Summary Suplimentary Information 168 DCSL Management Team and Unit Management Team 175 Notice of Meeting 176 Notes 179 Form of Proxy Scan the QR code with your smart 181 Attendance Slip device to view this report online. -
Annual Report 2015
Vision “To be the leading financial solutions provider sustainably developing individuals and businesses”and businesses” Mission “To provide innovative and responsible solutions true to our Values with the expertise of our multidisciplinary team of professionals and synergies of our financial services group” Our Values Innovative Customer Centric Professional Ethical Accountable Team Oriented Socially Responsible “The stylised ‘ V ’ in our new logo represents Vardhana, but it also stands for many other things. It stands for our values, our vision, our past and the future victories and in a slight marketing twist, a small ‘tick’ to remind people that DFCC Bank is always their right choice.” About this Reporting Period Consequent to the change of the financial year-end to 31 December Report from 31 March following the amalgamation with DFCC Vardhana Bank PLC and obtaining the commercial banking license, this DFCC Bank Annual Report 2015 covers the nine month period from This is our fourth consecutive Integrated 1 April 2015 to 31 December 2015 (period under review) and is Annual Report, one which also builds further different from our usual annual reporting cycle for financial and on the triple bottom line reporting we had adopted sustainability reporting adopted up to 31 March 2015. The previous a few years earlier. As an integrated report, it is a concise Annual Report covered the period 1 April 2014 to 31 March 2015 communication about how our strategy, governance, performance (previous year), and is available on our website (www.dfcc.lk) and prospects, in the context of the external environment, lead to along with quarterly filings and older Annual Reports.