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

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CORPORATE INFORMATION NAME ELPITIYA PLANTATIONS PLC LEGAL FORM A Public Quoted Company with Limited Liability, incorporated in Sri Lanka on 22 June 1992. COMPANY REGISTRATION NO PQ 171 REGISTERED OFFICE 315, Vauxhall Street, Colombo 2, BUSINESS ADDRESS No. 305, Vauxhall Street, Colombo 2. DIRECTORS Mr. J M S Brito - Chairman Dr. R M Fernando - Managing Director Mr. Merrill J Fernando Mr. Malik J Fernando Mr. D C Fernando - Alternate Director to Mr. Merrill J Fernando Mr. D V H de Mel - (Resigned w.e.f. 10.08.2011) Mr. B A K W Mahendra - (Resigned w.e.f. 14.07.2010) Ms. Minette D A Perera - Alternate Director to Mr. Malik J Fernando Dr. S A B Ekanayake Mr. L N de S Wijeyeratne Mr. J H J Jayamaha - (Resigned w.e.f. 29.12.2010) Mr. M P D U K Mapa Pathirana - (Appointed w.e.f. 29.12.2010) CHIEF EXECUTIVE OFFICER Mr. A L W Goonewardena MANAGING AGENT Aitken Spence Plantation Managements Limited SECRETARIES Aitken Spence Corporate Finance (Pvt) Ltd AUDITORS Messrs. Ernst & Young 201, De Saram Place, Colombo 10. LAWYERS Julius & Creasy Attorneys – at – Law BANKERS Bank of Ceylon - Corporate Branch Sampath Bank PLC - Nawam Mawatha Branch Hatton National Bank PLC - Panchikawatta Branch Seylan Bank PLC - Millennium Corporate GROUP COMPANIES Tea Country Homes (Private) Limited Water Villas (Private) Limited E P P Hydro Power Company (Private) Limited JOINT VENTURE COMPANIES Elpitiya Lifestyle Solutions (Private) Limited A E N Palm Oil Processing (Private) Limited REGISTRARS SSP Corporate Services (Pvt) Ltd., 101, Inner Flower Road, Colombo 3 60 Elpitiya Plantations Plc Annual Report 2010/11
Notice of Meeting NOTICE is hereby given that the Nineteenth Annual General Meeting of ELPITIYA PLANTATIONS PLC., will be held at the Auditorium of the Ceylon Chamber of Commerce, No.50 Nawam Mawatha, Colombo 2, at 3.00 p.m. on Monday, 26th September 2011 for the following purposes:- l To receive and consider the Annual Report of the Board of Directors together with the Financial Statements of the Company for the year ended 31 st March 2011 and the report of the Auditors thereon. l To declare a First and Final Dividend as recommended by the Directors l To re-elect Dr. S A B Ekanayake who retires by rotation in terms of Article 92 of the Articles of Association. l To re-elect Mr. L N D S Wijeyeratne who retires by rotation in terms of Article 92 of the Articles of Association. l To re-elect Mr. Merrill J Fernando who is over 70 years, as a Director by passing the following resolution. “That the age limit stipulated in Section 210 of the Companies Act No 7 of 2007 shall not apply to Mr Merrill J Fernando who has attained the age of 81 and that he be re-elected a Director of the Company” l To re-elect Mr. M P D U K Mapa Pathirana who retires in terms of Article 98 of the Articles of Association. l To re-appoint the retiring Auditors, Messrs. Ernst & Young, and authorize the directors to determine their remuneration. By order of the Board Sgd. Aitken Spence Corporate Finance (Pvt) Ltd Secretaries 23 rd August 2011 Colombo Note: 1. A member entitled to attend and vote at the meeting is entitled to appoint a Proxy to attend and vote in his/her stead and a Form of Proxy is enclosed for this purpose. A Proxy need not be a member of the Company. 2. The completed Form of Proxy must be deposited at the Registrars, SSP Corporate Services (Pvt) Ltd., No.101, Inner Flower Road, Colombo 3 forty – eight hours before the time fixed for the meeting. 3. Any member or Proxy holder attending the meeting is kindly requested to bring this report. Elpitiya Plantations Plc Annual Report 2010/11 61
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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
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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 and 60: Shareholder & Investor Information
Page 61: Financial Calendar 2010/2011 August
Page 65 and 66: Form of Proxy I/We ……………
Page 67 and 68: Elpitiya Plantations Plc Annual Rep
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