Elpitiya Plantations Plc Annual Report 2010/11 - Colombo Stock ...

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CORPORATE SUSTAINABILITY REPORT (contd.) Environmental Conservation In the context of the plantation sector, environmental conservation is two pronged – controlling the soil erosion, soil pollution, water pollution and land loss caused by the process of cultivation, and managing the energy consumed by estates, and the Tea, Rubber and Palm Oil factories. The team at Elpitiya is in the process of gradually replacing artificial fertilizer with organic fertilizer to minimise the impact to the soil, by moving into site specific fertilizing, which provide only the required nutrients. Compost pits are also maintained in the estates for this purpose with the long term goal of replacing one round of artificial fertiliser with compost/ organic fertiliser on all the estates. At Deviturai Estate, a new secondary level wastewater treatment unit, including anaerobic and aerobic tanks and a clarifier tank, was built . This followed tests carried out on a collection of water samples for contamination levels. Henceforth, water samples will be tested randomly for Biochemical Oxygen Demand (BOD) and Chemical Oxygen Demand (COD) levels from Deviturai as well as other estates to identify and mitigate significant impacts to the environment. The plantations also grow leguminous cover crops in order to improve soil properties, reduce soil erosion and to control the growth of weeds which would otherwise require chemicals and weedicides. Tea estates of Elpitiya Plantations do not produce effluents or waste water that can be considered significant to require immediate attention. The estate management has undertaken to minimise, and eventually eliminate, the spraying of pesticides to control tea tortrix by pursuing biological methods such as collection of egg masses and using moth traps. Elpitiya Plantations works with their communities to reduce their solid waste generation and also harvests rain water to improve moisture content in the micro environment. 18 Elpitiya Plantations Plc Annual Report 2010/11
CORPORATE SUSTAINABILITY REPORT (contd.) Our plantations span over 4410 Hects of mature area and 1201 Hects of immature area and none of our estates are within a 20km radius to any nature reserve or protected area. Elpitiya Plantations have a continuous Forestry Management programme which has helped to preserve and improve the bio diversity in the plantations and enhance their environmental value at large. Currently over 700hects of forestry has been planted by the Company. The forestry management programme includes the planting of Eucalyptus Grandis and other species to fuel the Tea Manufacturing process, instead of using nonrenewable fuels. Certifications The following Tea Factories are certified for I.S.O 22000 which ensures the quality of tea manufactured. New Peacock, Dunsinane, Nayapane, Deviturai and Talgaswella. Nayapane is proud to be the first tea factory in Sri Lanka to be certified for ISO 9001 back in 1998. All the Plantations are in the process of achieving I.S.O 14001 in complying with Environmental standards. Dunsinane Tea factory was honored with a merit award at the Taiki Akimoto 5S awards and the only plantation company to win an award in this competition. Elpitiya Plantations Plc Annual Report 2010/11 19
Page 1 and 2: Elpitiya Plantations Plc Annual Rep
Page 3 and 4: Contents Financial Highlights 02 Ch
Page 5 and 6: Chairman’s Statement It gives me
Page 7 and 8: Managing Director’s Review The fi
Page 9 and 10: Board of Directors Mr. J M S Brito
Page 11 and 12: Annual Report of the Board of Direc
Page 13 and 14: Audit Committee Report Composition
Page 15 and 16: Corporate Governance (contd.) • E
Page 17 and 18: Corporate Governance (contd.) 2. Au
Page 19: CORPORATE SUSTAINABILITY REPORT (co
Page 23 and 24: Management Team Head Office Left to
Page 25 and 26: Auditors’ Report Chartered Accoun
Page 27 and 28: Income Statement Year Ended 31 st M
Page 29 and 30: N note 2011 2010 Rs. Rs. CASH FLOWS
Page 31 and 32: Notes to the Financial Statements Y
Page 37 and 38: d) Leasehold Property Notes to the
Page 45 and 46: 12. INTEREST BEARING LOANS AND BORR
Page 47 and 48: 13. RETIRING BENEFIT OBLIGATIONS 20
Page 53 and 54: 25. CAPITAL COMMITMENTS 2011 2010 F
Page 55 and 56: Value Added Statement Figures in Rs
Page 57 and 58: Ten Year Summary Year ended 31 st M
Page 59 and 60: Shareholder & Investor Information
Page 61 and 62: Financial Calendar 2010/2011 August
Page 63 and 64: Notice of Meeting NOTICE is hereby
Page 65 and 66: Form of Proxy I/We ……………
Page 67 and 68: Elpitiya Plantations Plc Annual Rep

Elpitiya Plantations Plc Annual Report 2010/11 - Colombo Stock ...

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