DOCSLIB.ORG

Building on the Strong Foundation

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Building on the Strong Foundation BUILDING ON THE STRONG FOUNDATION www.srilankainsurance.com ANNUAL REPORT 2012 BUILDING ON THE STRONG FOUNDATION SRI LANKA INSURANCE CORPORATION LTD. | ANNUAL REPORT 2012 This Sri Lanka Insurance Corporation Ltd. Annual Report has been produced by Smart Media The Annual Report Company whose greenhouse gas emissions resulting from the designing, photography, production, project management, usage of paper and printing are offset using verified carbon offsets. BUILDING ON THE STRONG FOUNDATION Having laid our foundation in 1962, we have been steadily building our ‘Edifice of Insurance’ through commitment to trust, integrity, quality and innovation. We are on the cusp of entering a new era of growth SRI LANKA INSURANCE CORPORATION LTD. | ANNUAL REPORT 2012 BUILDING ON THE STRONG FOUNDATION Vision To be the trusted insurer to the nation. Mission To be a customer-focused company that is trusted, which constantly innovates in providing insurance services of best value to our customers, whilst rewarding our employees and adding value to our shareholders. v BUILDING ON THE STRONG FOUNDATION Contents Management Reports 1.0.0 00 Chairman’s Message 1.1.0 00 Managing Director/Chief Executive Officer’s Review 1.2.0 00 Executive Director’s Statement 1.3.0 00 Management Discussion and Analysis 1.4.0 00 Sustainability Report 2.0.0 00 We’re Committed to Doing Things today to Build a better Tomorrow 2.1.0 00 Customers 2.2.0 00 Employees 2.3.0 00 Business Partners 2.4.0 00 Government 2.5.0 00 Economy and the Community 2.6.0 00 Environment 2.8.0 00 Awards and Accolades 2.9.0 00 Events 2012 2.10.0 00 Global Reporting Initiative (GRI) G3 Index 2.11.0 00 Corporate Governance - Board at the Helm of Stewardship 3.0.0 00 Board of Directors 3.1.0 00 Senior Management Team 3.2.0 00 Organisational Structure 3.3.0 00 Enterprise Risk Management 4.0.0 00 Audit And Compliance Committee Report 5.0.0 00 vi BUILDING ON THE STRONG FOUNDATION Financial Reports 6.0.0 000 Annual Report of the Board of Directors of the Company 6.1.0 000 Statement of Directors’ Responsibility 6.2.0 000 Chief Executive Officer’s and Chief Financial Officer’s Responsibility Statement 6.3.0 000 Certificate of the Actuary of the Insurer 6.4.0 000 Certification of Incurred but Not (Enough) Reported Claims 6.5.0 000 Independent Auditors’ Report 6.6.0 000 Balance Sheet 6.7.0 000 Statement of Income 6.8.0 000 Statement of Changes in Equity 6.9.0 000 Cash Flow Statement 6.10.0 000 Balance Sheet - Segmental Review 6.11.0 000 Statement of Income - Segmental Review 6.12.0 000 Balance Sheet - Life Insurance 6.13.0 000 Notes to the Financial Statements - Life Insurance 6.14.0 000 Notes to the Financial Statements 6.15.0 000 Supplementary Information 7.0.0 000 Ten Year Summary 7.1.0 000 Glossary 7.2.0 000 Branch Offices 7.3.0 000 Corporate Information 7.4.0 000 Notice of Annual General Meeting 7.5.0 000 vii BUILDING ON THE STRONG FOUNDATION | MANAGEMENT REPORTS Management Reports 1.0.0 1.1.0 Chairman’s Message ri Lanka Insurance Corporation (SLICL) completed the year 2011 with further impressive progress in its achievements and marked the dawn S of another important year for our Company, the 50th Anniversary which signifies a half century of togetherness of all our stakeholders. Our Company has been growing strongly reflected in improved financial performance and with the pride of our legacy as the insurance giant and our new look, refurbished Rakshana Mandiraya along with enhanced customer care services, especially the re-launching of our very own 24/7 customer care centre and revamped website witness that we are renewed everyday. The main elements reckoned for the overall success story of our Company are reliability, solidity, customer focus and good governance. Company assets reached Rs. 102.2 billion and we have the highest Shareholders’ Fund worth of Rs. 24.6 billion, the highest Life Fund worth of Rs. 55.8 billion, local as well as international accolades and accreditations received including the World Quality Commitment Award received in Paris. 1.1.1 The Economy We are pleased that the continuing progress in the economic front in the ambiance of peace and political stability, particularly the implementation of several key development initiatives by the Government has resulted in raising growth rate of the Sri Lankan economy further during the year 2011. As reported by the Central Bank of Sri Lanka, the Sri Lankan economy registered another impressive growth performance of 8.3% following almost a similar achievement (8%) in the previous year, expanding opportunities for the insurance sector also to grow faster. The unemployment rate has declined to 4.2% from 4.9% in 2010. The rate of inflation has remained at single digit level with a slight upward movement, from 6.2% in 2010 to 6.7% in 2011. In the context of evolving macroeconomic situation, 1 BUILDING ON THE STRONG FOUNDATION | MANAGEMENT REPORTS Chairman’s Picture 2 BUILDING ON THE STRONG FOUNDATION | MANAGEMENT REPORTS “Lifter ........................................... ....................................................... ....................................................... ....................................................... ....................................................... ....................................................... ....................................................... ....................................................... ..........................................” 3 BUILDING ON THE STRONG FOUNDATION | MANAGEMENT REPORTS the interest rates, particularly the Treasury Bills and Treasury Bond rates, the prime lending rates and the average deposit rates also moved upwards with further increases during the first few months of2012 . 1.1.2 Company Performance SLICL achieved a Gross Written Premium (GWP) of Rs. 6.7 billion for life and Rs. 11.6 billion for non-life and a combined net profit before tax of Rs. 7.8 billion in 2011. The combined GWP grew by 20.2% led by 25.2% growth in non-life insurance business. The market leadership position in non-life insurance that we regained in 2010 was further strengthened in the year under review. This is all the more significant considering that the competition within insurance industry in the country has become more intense with the entry of new players and aggressive marketing and sales strategies. SLICL is the leader in the motor insurance and we have gained a market share of 25.58%. Our market leadership in non-life insurance not only cuts across motor but also across all other classes. Whilst the industry accounts for a motor ratio (ratio of motor business to the total non-life insurance business) of 73%, ours stands at a healthy 57%. We have made continued progress in strengthening our life insurance business as well. 1.1.3 Recognitions Our strength drew international accolades in 2011 as well. SLICL once again was shone at the ‘World Quality Commitment Awards’ when the Company bagged the prestigious International Gold Star Award for Quality at the International Quality Convention in Paris, on 24th October 2011. ‘World Quality Commitment Award’ was awarded in recognition of implementing and promoting quality culture within the organisation in terms of excellence in leadership within each designated sector, increased market share, improved results and sustainability. SLICL’s AAA claims paying rating has been confirmed by RAM Ratings with a stable outlook, based on 4 BUILDING ON THE STRONG FOUNDATION | MANAGEMENT REPORTS its competitive position, state ownership and capitalisations. Fitch Ratings London upgraded National Long-Term Rating and Insurer Financial Strength Rating from AA- (lka) to AA(lka) in 2011. 1.1.4 Future Outlook As Sri Lanka takes full advantage of the ongoing economic development process with widespread expansion in economic activity carving industry, agriculture and services including tourism and commercial activities, the future looks positive and challenging. Simultaneously SLICL is committed and striving to cater to the people of Sri Lanka across every stratum of demography and geography through insurance solutions that embrace people. Garnering fifty years of experience and strength in the insurance sector, national well-being has been at the pinnacle of SLICL’s fifty years legacy and we are looking forward to pursue a strategy of a qualitative portfolio of investments as a propagator of economic development of the country. We are committed to further strengthen SLICL adapting to changing market conditions and further improving customer service and productivity. 1.1.5 Appreciation In conclusion, as we celebrate the 50th Anniversary of the Company, I place on record sincere appreciation to Madam Sirimavo Bandaranaike, Sri Lanka’s Matriarch and her Finance Minister, Mr. T.B. Illangaratne, essentially a man of the soil, for setting up the Company in the early 1960’s. Also, as we celebrate the Golden Jubilee of the Company, I recall the famous quotation ‘to equal a predecessor one must have twice they worth’; I convey my heartfelt appreciation to all the Chairmen since inception with my special appreciation to my immediate predecessor, Mr. Gamini S. Senarath for his excellent leadership. 5 BUILDING ON THE STRONG FOUNDATION | MANAGEMENT REPORTS Further, I wish to thank all my colleagues on the Board, Managing Director/Chief Executive Officer and his staff, field sales personnel, strategic sales partners, insurance brokers and all other stakeholders for their unstinted support to make 2011, as another year of success. I am positive that our Company
Load more

Recommended publications
  • Sri Lanka Ports Authority for the Year 2015
    Accelerating P SITIVE change SRI LANKA PORTS AUTHORITY | ANNUAL REPORT 2015 Sri Lanka Ports Authority. Tel: +94 112 42 12 31 / +94 112 42 12 01 No 19, Chaithya Road, Colombo 01. email: [email protected] ACCELERATING POSITIVE CHANGE The Sri Lanka Ports Authority operates several major commercial ports in Colombo, Galle, Hambantota, Trincomalee, Kankesanthurai, Oluvil and Point Pedro. Founded in 1979, the SLPA has grown to be a leader in the world of shipping and commerce, a respected organisation where governance, environmental responsibility and our commitment to the future of Sri Lanka and its people have guided our voyage of success. While our goal to create value for all our stakeholders remains a priority, we also pride ourselves on our commitment to national development, investing into local communities in a bid to enhance livelihoods and bring life’s opportunities to people, island-wide. We plan to continue our mission of value into the years ahead as we forge ahead, powering shipping, trade and industry, energizing people’s lives and accelerating positive change. The Port of Colombo has been administered since 1913 by the Colombo Port Commission, which is responsible for the supply and maintenance of cargo-handling equipment and other infrastructure, pilotage services, docking and shipping. The Sri Lanka Ports Authority was constituted under the provisions of the Sri Lanka Ports Authority Act, No. 15 of 1979 (subsequently amended by Act No. 7 of 1984 and Act No. 35 of 1984) on the 1st of August 1979, effecting the merger of the Colombo Port Commission Department and the two existing statutory Corporations.
    [Show full text]
  • Wesley Times – November ’11
    Wesley Times – November ’11 Newsletter of Wesley College Colombo Old Boys Union Australia Branch Inc. Message from the President IN THIS ISSUE From the Editor’s desk 2 Swimming Pool project 3 As 2011 draws to a close, it gives me Carol Service Notice 4 great satisfaction to reflect on yet another Condolences 5 Committee Contacts 5 great year for the “Wesley Family” in Membership renewal 5 Australia. There have been the usual Message from the Principal 6 activities that brought so many of us Dates to remember 7 together during the past 12 months and UK Branch Report 8 provided an opportunity for us to enjoy Seniors Lunch Notice 8 each other’s fellowship and add to the Where are they now? Amaresh Rajaratnam 9 good times that we seem to invariably Memories of Wesley have whenever we meet. The Double Blues and the 11 Blue , Gold and Blue I am very grateful to have had the total From the archives support of the terrific committee that we Wesley cricket 50 years 13 have, whose tireless efforts in organising ago Articles 16 all activities during the year are How famous cricketer recognised and appreciated. It is simply not what they do to Sathasivam was help the organisation, but the competent and enthusiastic way charged, tried and acquitted … in which they approach whatever the task which is most 17 appreciated. We have attempted to keep all our Old Boys Haleem Ishak – a tribute informed of the activities of the Association by way of personal Round the traps & in the News contact as well as the informative and regular newsletter that Class of 96 refurbish you would have continued to receive during 2011.
    [Show full text]
  • Order Book No. (4) of 21.05.2021
    ( ) (Ninth Parliament - First Session) No. 4.] ORDER BOOK OF PARLIAMENT From Tuesday, June 08, 2021 inclusive Issued on Friday, May 21, 2021 Tuesday, June 08, 2021 QUESTIONS FOR ORAL ANSWERS 1. 12/2020 Hon. Hesha Withanage,— To ask the Prime Minister and Minister of Finance, Minister of Buddhasasana, Religious & Cultural Affairs and Minister of Urban Development & Housing,—(1) (a) Will he state— (i) the names of the Divisional Secretariat Divisions in the Ratnapura District that were affected by the drought in year 2018; and (ii) if Embilipitiya Divisional Secretariat Division is not included in that list, the reasons for not including it? (b) Will he also state separately on per district basis— (i) the names of the Divisional Secretariat Divisions to which relief was provided under Phase II of the Drought Relief Programme of year 2018; and (ii) the total amount of money that was spent on providing such relief? (c) Will he further state — (i) the circulars that were issued under Phase II of the Drought Relief Programme in year 2018; (ii) out of the aforesaid circulars, the last valid circular that was issued in that regard; (iii) separately on per Divisional Secretariat Division basis, the number of beneficiaries that were selected in the Ratnapura District as per the aforesaid circular, and the total amount that was spent on payment of such relief; and (iv) separately on per Divisional Secretariat Division basis, the number of beneficiaries that were identified in the Ratnapura District as per Circular No. NDR / 2018/03? (d) If not, why? (2) 2. 246/2020 Hon.
    [Show full text]
  • The Royal Thomian Derby (Or the Royal Thomian Match) by Renu Manamendra (Life Member - Royal College Union and the Group of '76)
    The Royal Thomian Derby (Or the Royal Thomian Match) by Renu Manamendra (Life Member - Royal College Union and the Group of '76) Reproduced from the Daily News The most looked forward to sporting and social event in the Calendar of present and past students of the two most renowned high schools in Sri Lanka, the Royal versus S. Thomas' Cricket Match, is played over 3 days in the month of March in the city of Colombo. S. Thomas' College Mount Lavinia, a private Anglican school has about 2,500 boys on roll, while Royal college Colombo, a government-run non-denominational school accommodates approximately 8,000, making it the largest school in the country. Origins of School Cricket in Ceylon The early origins of S. Thomas' College Mount Lavinia date ba ck to 1851 when it was located in Mutwal, Colombo. It is the first Ceylonese school to play cricket - beginning 1864 against the Small Pass Cricket Club in Colombo. This is also the first recorded instance of a cricket match between two Ceylonese teams pla yed in Ceylon. S. Thomas' was represented in this historic match by G. A. Edward, W. De. Livera, K. Banda, S. H. Pereira, L. Sepion, B. A. Senanayake, C. de Silva, L. T. Nolan, E. de Hoedt, H. M. Fernando and A. Perera. As there was no other school playin g cricket at the time, from 1864 to 1877, S. Thomas' played against the clubs and other teams that were in existence in Colombo, Negombo and Kalutara, including the elitist European dominated Colombo Cricket Club.
    [Show full text]
  • ANNUAL REPORT 2012 Financial Highlights
    CORPORATE INFORMATION Legal Form : A Public Limited Liability Company (Incorporated in 1992 and listed on Financial Highlights ........................................... 03 the Colombo Stock Exchange) Chairman’s Review ........................................... 04 Managing Director’s Review .............................. 06 Directors : Farrukh Saeed - Chairman Board of Directors ............................................. 08 Kishu Gomes - Managing Director / CEO Management Team ............................................ 12 Richard Brown Daham Wimalasena Management Discussion and Analysis ............... 16 Deva Rodrigo Financial Review ............................................... 19 Anura Perera Corporate Social Responsibility Report................ 24 Corporate Governance ....................................... 28 Secretary : Anura Perera Risk Management ............................................. 32 Chevron House, Financial Report................................................. 36 490, Galle Road, Annual Report of the Directors ........................... 37 Colombo 03 Statement of Directors Responsibility.................. 40 Audit Committee Report..................................... 41 Registered Ofce : Chevron House Report of the Remuneration Committee.............. 42 490, Galle Road, Colombo 03 Independent Auditor’s Report............................. 43 Tel: 0114 524 524 Statement of Comprehensive Income ................ 44 Balance Sheet.................................................... 45 Company Registration Number
    [Show full text]
  • Bukit Darah PLC  Group Structure
    Group at a Glance (All figures in Sri Lankan Rupees thousands unless otherwise stated) For the year ended 31st March 2008 2007 % Change Group revenue 15,583,756 9,620,950 62 Profit from operations 6,152,842 3,366,74 83 Profit before taxation 5,316,352 2,79,80 90 Profit after taxation 3,873,481 2,099,944 84 EBITDA 6,110,383 3,366,9 82 Profit attributable to ordinary shareholders* 1,490,660 8,64 84 Dividend - ordinary dividend 50,000 55,000 (9) Shareholders’ funds** 8,845,584 7,32,998 2 Net assets 21,259,634 7,57,527 2 Total assets 36,065,771 30,330,072 9 Return on ordinary shareholders’ funds (%) 17 53 Earnings per share (Rs.) 148.34 80.37 85 Cash Earnings per share (Rs) 351.92 81.94 329 Net assets per ordinary share (Rs.) 884.56 731.30 21 Market capitalisation (Company) Rs. Mn 14,000,000 3,390,000 5 Enterprise value - Rs mn 32,718,360 29,699,689 (0) Revenue to Government (including associates’ income tax) 3,249,710 2,750,80 8 Group value addition 12,077,712 7,674,23 57 Group employment (Nos.) 6,581 5,576 8 * Excluding minority shareholders ** Excluding preference share and minority shareholders. Contents Group at a Glance Group Structure 2 Chairman’s Statement 3 Summary of Operating Segments 4 Business Review 5 Report of the Directors 8 Audit Committee Report 16 Financial Reports Report of the Auditors 21 Income Statements 22 Balance Sheets 23 Statements of Changes in Equity 24 Cash Flow Statements 25 Notes to the Financial Statements 26 Five Year Summary 111 Statement of Value Added 113 US Dollar Financials 115 Profiles of Directors
    [Show full text]
  • Sri Lanka Cricket Code of Tournament Rules and Regulations
    SRI LANKA CRICKET CODE OF TOURNAMENT RULES AND REGULATIONS These rules are approved and adopted by the Executive Committee of Sri Lanka Cricket at the meeting held on 18th November 2017, by virtue of the powers vested in it in terms of clause l3(a) of the Constitution of Sri Lanka Cricket and shall be in full force with effect from 18th November 2017 A Code to regulate Domestic Tournaments Conducted by Sri Lanka Cricket PART I OBJECTS AND APPLICATION 1. Application of this Code shall be- (a) These rules shall be cited as the Domestic Tournament Rules (hereinafter sometimes may called and referred to as “The Rules”) of Sri Lanka Cricket (hereinafter called and referred to as “SLC”), and shall be observed and/or adhered to by all Participants specified hereto. (b) These rules shall be applicable to Any Tournament played within the territory of the Democratic Socialist Republic of Sri Lanka that is organized, structured, planned, conducted, supervised, sponsored, held, convened or authorized by Sri Lanka Cricket. (c) The duly elected Tournament Committee of Sri Lanka Cricket shall be the Governing Committee of all such Tournaments, subject to the control and supervision of Executive Committee of SLC, with regard to this code in enforcing, maintaining, delegating, reporting, carrying out and/or doing any other act with regards to the functions, powers, duties, obligations, observations, inactions, violations, failures and or any other acts incidental thereto. (d) The Tournament Committee shall at all times be bound by the decisions, directions, control and supervision of the Executive Committee of SLC. (e) The Tournament Committee shall time to time adopt a Domestic Tournament Structure prepared and approved by the Executive Committee of SLC.
    [Show full text]
  • The Politics of English in Sri Lanka: Perspectives from Postcolonial Anglophone
    The Politics of English in Sri Lanka: Perspectives from Postcolonial Anglophone Literature Gazala Anver A thesis submitted in fulfilment of the requirements for the degree of Master of Arts (Research) Faculty of Arts and Social Sciences The University of Sydney 2019 Statement of Originality This is to certify that to the best of my knowledge the content of this thesis is my own work and has not been submitted for any degree or other purpose. I certify that the intellectual content of this thesis is the product of my own work and that all sources and assistance received in preparing this thesis have been acknowledged. Gazala Anver 30 June 2019 i The Politics of English in Sri Lanka: Perspectives from Postcolonial Anglophone Literature Abstract ............................................................................................................................................... ii Acknowledgements ........................................................................................................................... iv Introduction ........................................................................................................................................ 1 Part I – Postcolonial Literary Criticism and the English language ................................................ 3 Part II – English and the Language Politics of Sri Lanka ............................................................. 11 Phase One: Cementing the Power of English ............................................................................ 12 Phase
    [Show full text]
  • Cricket Analytics
    Cricket Analytics by Gamage Harsha Perera M.Sc., Simon Fraser University, Canada, 2011 B.Sc.(Hons.), University of Peradeniya, Sri Lanka, 2008 Dissertation Submitted in Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy in the Department of Statistics and Actuarial Science Faculty of Science c Gamage Harsha Perera 2015 SIMON FRASER UNIVERSITY Fall 2015 All rights reserved. However, in accordance with the Copyright Act of Canada, this work may be reproduced without authorization under the conditions for “Fair Dealing.” Therefore, limited reproduction of this work for the purposes of private study, research, criticism, review and news reporting is likely to be in accordance with the law, particularly if cited appropriately. Approval Name: Gamage Harsha Perera Degree: Doctor of Philosophy (Statistics) Title: Cricket Analytics Examining Committee: Chair: Yi Lu Associate Professor Tim Swartz Senior Supervisor Professor Paramjit Gill Supervisor Associate Professor The University of British Columbia, Okanagan Brian Naicker Internal Examiner Director, CODE David Stephens External Examiner Professor Department of Mathematics and Statistics McGill University Date Defended: 16 December 2015 ii Abstract This thesis consists of a compilation of three research papers and a non-statistical essay. Chapter 2 considers the decision problem of when to declare during the third innings of a test cricket match. There are various factors that affect the decision of the declaring team including the target score, the number of overs remaining, the relative desire to win versus draw, and the scoring characteristics of the particular match. Decision rules are developed and these are assessed against historical matches. We observe that there are discrepancies between the optimal time to declare and what takes place in practice.
    [Show full text]
  • Annual Report of the Sri Lanka Ports Authority for the Year of 2016
    SRI LANKA PORTS AUTHORITY SRI LANKA PORTS Forging . Ahead Annual ReportAnnual 2016 SRI LANKA PORTS AUTHORITY Annual Report 2016 Forging Ahead Over the past few years, the Sri Lanka Ports Authority (SLPA) has focused on achieving a complete turnaround, in terms of productivity, growth and profitability. Today, we are very confident that this vision is on the way to being realized over the next few years, as the value creating activities described in these pages will show. The SLPA has had a good year of operations, with year on year growth shown in several key performance indicators, demonstrating that the commitment and hard work of the SLPA team is taking us closer to our aspiration to be the busiest and best port in the region. Future plans include investments into new technologies and equipment, with targets set to increase the number of containers handled through the port as well. As always, the SLPA has met its challenge head-on, progressing and expanding our operations and developing new strategies for sustainable growth in the years ahead. We are confident that with our long-term plans and strategies, we will forge ahead to our future success. Content Our Vision and Mission 3 Aspirations 4 Corporate Objectives 5 SRI LANKA PORTS AUTHORITY SRI LANKA PORTS About the SLPA 6 Operational Highlights 7 Forging Financial Highlights 9 Chairman’s Review 10 . Ahead Annual ReportAnnual 2016 Our Ministers 13 Board of Directors 14 Management Team and Audit Committee 19 Business Development 20 Milestones 22 Operational Review 35 Financial Review
    [Show full text]
  • Dialog Axiata PLC L Annual Report 2020
    Dialog Axiata PLC l Annual Report 2020 Dialog Axiata PLC | Annual Report 2020 Corporate Information NAME OF COMPANY AUDITORS Contents Dialog Axiata PLC Messrs. PricewaterhouseCoopers Introduction to the Company 1 Statement of Comprehensive Income 77 Chartered Accountants Message from the Chairman 2 Consolidated Statement of Changes in Equity 78 COMPANY REGISTRATION NO. 100, Braybrooke Place Group Chief Executive’s Review of Operations 6 Company Statement of Changes in Equity 79 PQ 38 Colombo 02, Sri Lanka Board of Directors 17 Statement of Cash Flows 80 Corporate Management Team 23 Notes to the Financial Statements 81 REGISTERED ADDRESS CONTACT FOR SHAREHOLDER SERVICES Business & Financial Review 28 US Dollar Financial Statements - 475, Union Place Group Corporate Services Corporate Governance Report 46 Statement of Financial Position 152 Colombo 02 Telephone: +94 773 908 929 Report of the Board Audit Committee 54 US Dollar Financial Statements - Sri Lanka E-mail: [email protected] Report of the Related Party Transactions Statement of Comprehensive Income 153 Telephone: +94 777 678 700 Review Committee 57 Group Value Added Statement 154 Website: www.dialog.lk CONTACT FOR INVESTOR RELATIONS DIAL Share Information 58 Five Year Summary 155 Group Investor Relations Telephone: +94 777 332 052 Group Real Estate Portfolio 156 LEGAL FORM E-mail: [email protected] Financial Statements Notice of Annual General Meeting 157 A public quoted company with limited liability. Annual Report of the Board of Directors for Administrative Details for the 24th Incorporated as a private limited liability company in Sri Lanka on 27th August 1993 and subsequently the year ended 31 December 2020 64 Annual General Meeting 159 CONTACT FOR MEDIA converted to a public limited liability company on 26th Group Corporate Communications The Statement of Directors’ Responsibility 69 Form of Proxy 161 May 2005.
    [Show full text]
  • List of Contributors
    List of Contributors Lucian C. Arulpragasam was born in (then) Ceylon. He graduated from the University of Ceylon in 1948 in Economics and Political Science and was appointed Assistant Lecturer in Political Science at the same University. He joined the Ceylon Civil Service in 1951, where he worked for ten years in the fields of agrarian reform and agricultural policy/planning for the agriculture sector. In 1962, he joined the FAO where, as Regional Officer for Asia/Far East resident in the region, and later as Chief Economist for Asia/Far East at FAO Headquarters (Rome), he was able to visit and work in every country in Asia for a period of over 20 years, observing also their political developments. Later, as Chief of the Agrarian Reform Service he also covered other countries in Africa, Latin America and the Middle East. After his retirement from FAO, he worked as a consultant for many UN agencies and authored many of their publications. Although living abroad, he has visited Sri Lanka at least once or twice each year over the past 50 years, which has enabled him to keep in touch with the economic and political developments in his own country. Mr Arulpragasam now lives in retirement in the Philippines. Radhika Coomaraswamy was Under Secretary General of the United Nations and Special Representative of the Secretary General for Children and Armed Conflict 2006-2012. Before that she was the Special Rapporteur of the United Nations Human Rights Commission on Violence Against Women 1994-2003. In Sri Lanka she was a Director of the International Center for Ethnic Studies 1982-2006 and Chairperson of the Sri Lankan Human Rights Commission 2003-2006.
    [Show full text]