Lion Brewery (Ceylon) PLC Annual Report 2011 - Carson and ...

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32 Financial Report Income Statement 34 Balance Sheet 35 Statement of Changes in Equity 36 Cash Flow Statement 37 Notes to the Financial Statements 38 Value Added Statement 59 Five Year Summary 60 USD FINANCIALS Income Statement 63 Balance Sheet 64 Five Year Summary 65 Notes to the Financial Statements 66 Information to Shareholders and Investors 67 Glossary of Financial Terms 69 Notice of Meeting 70 Form of Proxy 71
33 Independent Auditors Report TO THE SHAREHOLDERS OF LION BREWERY (CEYLON) PLC Report on the Financial Statements We have audited the accompanying financial statements of Lion Brewery (Ceylon) PLC (the “Company”), which comprise the balance sheet as at 31st March 2011, and the income statement, statement of changes in equity and cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory notes as set out on pages 34 to 58 of this Annual Report. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with Sri Lanka Accounting Standards. This responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. Scope of Audit and Basis of Opinion Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Sri Lanka Auditing Standards. Those standards require that we plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting policies used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit. We therefore believe that our audit provides a reasonable basis for our opinion. Opinion In our opinion, so far as appears from our examination, the Company maintained proper accounting records for the year ended 31st March 2011 and the financial statements give a true and fair view of the Company’s state of affairs as at 31st March 2011 and its profit and cash flows for the year then ended in accordance with Sri Lanka Accounting Standards. Report on Other Legal and Regulatory Requirements These financial statements also comply with the requirements of Section 151(2) of the Companies Act No. 07 of 2007. CHARTERED ACCOUNTANTS Colombo 26th May 2011
Page 1: Lion Brewery (Ceylon) PLC Annual Re
Page 4 and 5: 2 Lion Brewery (Ceylon) PLC Annual
Page 6 and 7: Chairman’s Statement 4 Lion Brewe
Page 8 and 9: Chief Executive’s Review 6 Lion B
Page 10 and 11: Chief Executive’s Review Cont. 8
Page 16 and 17: Profiles of Directors Contd. 14 Lio
Page 18 and 19: Senior Management Team 16 Lion Brew
Page 20 and 21: Annual Report of the Board of Direc
Page 30 and 31: Audit Committee Report 28 Lion Brew
Page 33: 31 Financial Report Financial calen
Page 37 and 38: 35 Balance Sheet As at 31st March 2
Page 39 and 40: 37 Cash Flow Statement For the year
Page 41 and 42: 39 Notes to the Financial Statement
Page 61 and 62: 59 Value Added Statement For the ye
Page 63 and 64: 61 Five Year Summary contd. Year en
Page 65 and 66: 63 Income Statement For the year en
Page 67 and 68: 65 Five Year Summary Year ended 31s
Page 69 and 70: 67 Information to Shareholders and
Page 71 and 72: 69 Glossary of Financial Terms Appr
Page 73 and 74: 71 Form of Proxy I/We…………
Page 75 and 76: Corporate Information NAME OF COMPA

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