Annual Report 2010-2011 - Colombo Stock Exchange

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Group Real Estate Portfolio Freehold Land & Buildings Owning Company Location Land Building Market Value Market Value in Perches in (Sq.Ft) 2011 2010 Rs.’mn Rs.’mn Richard Pieris & Co.Ltd. Hyde Park Corner 709 59,182 3,900 3,606 Maharagama 1,739 347,217 1,557 1,370 RPC Real Estate Co. Ltd Kandy 162 36,890 943 943 Arpico Industrial Dev Co (Pvt) Ltd. Mattegoda 1,402 223,405 553 393 Richard Pieris Distributors Ltd. Maharagama. 195 38,306 220 207 Moratuwa. 85 - 100 100 Mulleriyawa. 192 - 10 10 RPC Retail Development (Pvt) Ltd. Negambo 226 43,000 380 396 Kelaniya 102 - 93 88 Wattala 100 - 126 122 Arpimall Development (Pvt) Ltd. Dehiwala. 169 83,600 643 603 Battaramulla. 116 40,757 459 369 Plastishells Ltd. Mathegoda. 340 45,825 192 192 Dambulla. 284 4,600 19 19 Arpico Flexifoam (Pvt) Ltd Mattegoda 1,136 - 284 284 Richard Pieris Exports Ltd Ja-Ela 640 36,300 120 120 Micro Minerals (Pvt) Limited Bandaragama 320 16,500 15 15 Richard Pieris Tyre Company Ltd Kurunagala 450 26,015 40 40 Arpidag International (Pvt) Ltd Maharagama 80 17,946 64 53 Total 9,718 8,930 Leasehold Land & Buildings Owning Company Location Land Building in Hec in (Sq.Ft) (A) Leasehold Land of Plantations Maskeliya Plantations Ltd 10,561 7,112,890 Kegalle Plantations Ltd 9,773 3,507,810 Namunukula Plantations Limited 11,775 3,026,546 Location Land Building in Per in (Sq.Ft) (B) Leasehold Land of other subsidiaries Plastishells Ltd Koggala 160 2,980 Pallekale 160 2,980 RPC Polymers (Pvt) Ltd Horana 1,392 60,000 Arpitalian Compact Soles (Pvt) Ltd Biyagama 751 30,062 Richard Pieris Natural Foams (Pvt) Ltd Biyagama 851 80,920 Arpico Natural Latex Foams (Pvt) Ltd Seethawaka 758 4,917 Richard Pieris Tyre Company Ltd Pallekale 252 27,530 Weligama 432 28,347 Polonnaruwa 540 30,690 Richard Pieris and Company PLC | Annual Report 2010/2011 108
Glossary of Financial Terms Associate Company A Company other than a subsidiary in which a holding company has a participating interest and exercises significant influence over its operating and financial policies. Current Ratio Current Assets divided by Current Liabilities. A measure of short term liquidity. Debt to Equity Ratio Long term Interest Bearing Borrowings divided by Net Assets. Deferred Taxation Sum set aside for tax in the Financial Statements that will become payable in a financial year other than the current financial year. Dividend Cover Profit attributable to Ordinary shareholders divided by Gross Dividend. Measures the number of times dividend is covered by distributable profit. Dividend per Share Gross Dividend divided by the number of Ordinary Shares in issue at the year end. Dividend Yield Gross Dividend per share as a percentage of the year end market price per share. A measure of return on shareholders’ investment. Earnings Per Share (EPS) Profits attributable to Ordinary Shareholders divided by the weighted average number of Ordinary Shares in issue. Earnings Yield Earnings per Share as a percentage of the year end market price per share. Effective Tax Rate Income Tax expenses divided by profit before tax. Gearing Ratio Proportion of total interest bearing liabilities to total capital employed. Gross Dividend Portion of profits inclusive of tax withheld, distributed to shareholders during the year. Interest Cover Profit Before Tax (PBT) plus net finance cost divided by net finance cost. Measure of entity’s debt service ability. Investment Property A property that is not occupied by the owner, usually purchased specifically to generate profit through rental income and/or capital gains. Market Capitalization Number of shares in issue multiplied by the market value of a share at the reported date. Minority Interest An outside ownership interest in a subsidiary that is consolidated with the parent for financial reporting purposes. Net Assets per Share Shareholders’ fund divided by weighted average number of Ordinary Shares in issue. A basis of relative share valuation. Price Earnings Ratio Market Price of a share divided by Earnings per share as reported at that date. Price to Book Value Market price of a share divided by Net Assets per share. Public Shareholding Shares of a Listed Entity held by any person other than those directly or indirectly held by; a) its parent, subsidiary or associate companies or any subsidiaries or associates of its parent company; and, b) its directors who are holding office as directors of the Entity, their spouses and children under 18 years of age; and, c) Chief Executive Officer, his/her spouse and children under 18 years of age; and, d) any single shareholder who holds 10% or more of the shares. Related Parties Parties who could control or significantly influence the financial and operating policies of the business. Return on Total Capital Employed Profit before Tax plus net finance cost divided by average total capital employed. Return on Equity Profit after Tax less Preference Share dividend if any, expressed as a percentage of Average Ordinary Shareholders’ Fund. Revenue Reserves Reserves considered as being available for distributions. 109 Annual Report 2010/2011 | Richard Pieris and Company PLC
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Richard Pieris & Company PLC Annual
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4 Financial Highlights 5 Corporate
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Financial Highlights 2010/2011 2009
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Chairman’s Review Need Image Rich
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Chairman’s Review It gives me gre
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Chairman’s Review Retail The reta
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The Board of Directors [1] Dr. Sena
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Sector Review - Retail Retail The s
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Sector Review - Retail Special even
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Sector Review - Plantations The yea
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Sector Review - Plantations Organiz
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Sector Review - Tyre The Tyre Secto
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Sector Review - Plastics Plastics T
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Sector Review - Plastics traffic co
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Sector Review - Rubber The Group’
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Sector Review - Service and Other S
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Sector Review - Service and Other T
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Corporate Social Responsibility A C
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Financial Review Geographical Turno
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Financial Review Minority Interest
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Financial Review Capital Structure
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Risk Management Risk Exposure Group
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Risk Management Risk Exposure Group
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Our People Another key factor in th
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Group Structure PLASTISHELLS LIMITE
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Group Structure ASIAN ALLIANCE INSU
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Annual Report of the Board of Direc
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Annual Report of the Board of Direc
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Corporate Governance The Board of D
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Page 116 and 117: Notice of Meeting NOTICE IS HEREBY
Page 118 and 119: Form of Proxy Contd. INSTRUCTIONS A
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Annual Report 2010-2011 - Colombo Stock Exchange

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