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

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Definitions FINANCIAL TERMS Accounting policies Specific principles, bases, conventions, rules and practices adopted by an enterprise in preparing and presenting financial statements. Borrowings All interest bearing liabilities. Capital employed Total assets less interest free liabilities and provisions. Cash equivalents Liquid investments with original maturities of three months or less. Contingent Liabilities Conditions or situations at the Balance Sheet date, the financial effect of which are to be determined by future events which may or may not occur. Current ratio Current assets divided by current liabilities. Earnings Per Share Profits attributable to ordinary shareholders divided by the number of ordinary shares in issue. Effective Tax Rate Income tax expenses divided by profit from ordinary activities before tax. Equity Shareholders’ funds, i.e. share capital and reserves. Net Assets Per Share Shareholders’ funds divided by the number of ordinary shares. Price Earnings Ratio Market price of a share divided by earnings per share. Related parties Parties who could control or significantly influence the financial and operating policies of the business. Return on Shareholder’s Funds Attributable profits to the shareholders divided by shareholders funds. Segment Constituent business units grouped in terms of nature and similarity of operations. SLAS UITF Urgent Issues Tasks Force of The Institute of Chartered Accountants of Sri Lanka. Working capital Capital required to finance the day - to -day operations (current assets minus current liabilities). NON - FINANCIAL TERMS COP The Cost of Production. This generally refers to the Cost of producing a Kilo of produce. (Tea / Rubber / Oil Palm). Crop The total produce harvested over a given period of time (usually during a financial year). Extent in bearing The extent of land from which crop is being harvested. Also see “Immature Plantation”. Field An unit extent of land. Estates are divided in to fields in order to facilitate management. Immature plantation The extent of plantation that is under development and is not being harvested. Infilling A method of field development whereby planting of individual plants is done in order to increase the yield of a given field, whilst allowing the field to be harvested. Mature plantation The extent of plantation from which crop is being harvested. Also see “Extent in Bearing”. NSA The Net Sales Average. This is the average sale price obtained (over a period of time) after deducting Brokerage fees and cost of Gratis teas. Replanting A method of field development where an entire unit of land is taken out of “bearing” and developed by way of uprooting the existing trees, bushes and replanting with new trees / bushes. Yield The average crop per unit extent of land over a given period of time (usually kgs. per hectare per year). Sri Lanka Accounting Standards. 58 Elpitiya Plantations Plc Annual Report 2010/11
Financial Calendar 2010/2011 August 27, 2010 - 18 th Annual General Meeting. November 29, 2010 - Half-yearly Accounts as at September 30, 2010. May 30, 2011 - Accounts for the year ended March 31, 2011. September 26, 2011 - 19 th Annual General Meeting. Elpitiya Plantations Plc Annual Report 2010/11 59
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Elpitiya Plantations Plc Annual Rep
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Contents Financial Highlights 02 Ch
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Chairman’s Statement It gives me
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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 and 20: CORPORATE SUSTAINABILITY REPORT (co
Page 21 and 22: 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: Shareholder & Investor Information
Page 63 and 64: Notice of Meeting NOTICE is hereby
Page 65 and 66: Form of Proxy I/We ……………
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Elpitiya Plantations Plc Annual Report 2010/11 - Colombo Stock ...

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