Annual Report 10/11 - ACL Cables PLC

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ACL Cables PLC Annual Report 2010/11Glossary of Financial TermsDividend YieldDividend per share as a percentage ofthe market price. A measure of return oninvestmentRelated PartiesParties who could control or significantlyinfluence the financial and operating policiesof the business.GearingProportion of total interest bearingborrowings to capital employed.Return on EquityProfit before tax divided by total equity lessminority interest if any.Interest CoverProfit before tax plus net finance cost dividedby net finance cost. Measure of an entity’sdebt service ability.Return on Total AssetsProfit before tax plus finance cost divided bytotal average assets.Market CapitalizationNumber of shares in issue multiplied by themarket value of a share at the report date.Revenue ReservesReserves considered as being available fordistribution and investments.Net Assets Per ShareShareholders’ funds divided by the weightedaverage number of ordinary shares in issue. Abasis of share valuation.Net WorthTotal equity less minority interest if any.Operating ProfitProfit before tax, share of profit of associatesand net finance cost.Price Earnings RatioMarket price of a share divided by earningsper share as reported at that date.SegmentsConstituent business units grouped in termsof similarity of operations.Stated CapitalThe total amount received by the Company ordue and payable to the Company in respectof issue and calls of shares are referred to asstated capital.Value AdditionThe quantum of wealth generated by theactivities of the Group measured as thedifference between turnover and the cost ofmaterial and services bought in.PrudenceInclusion of a degree of caution in theexercise of judgment needed in makingthe estimates required under conditions ofuncertainty, such that assets or income arenot overstated and liabilities or expenses arenot understated.Working CapitalCapital required to finance day-to-dayoperations computed as the excess of currentassets over current liabilities.86
ACL Cables PLC Annual Report 2010/11Milestones1962In March 1962, Associated Motorways Ltd (AMW) incorporated Associated Cables Ltd as aSubsidiary for the manufacture of electric cables.1963Within a period of one year, manufacture of electric cables commenced in Sri Lanka for the firsttime with Japanese technical assistance within the AMW Industrial complex at Kalutara.1976The Company became a public quoted company under the rules of Colombo Brokers Association.1978Facilities for drawing of Copper wires were added.1980The Company moved out of AMW Group.Aluminum Conductor plant was set up for the manufacture of AAC and ACSR.1981Joint Venture with Aluminum Industries Ltd, India for the manufacture of 1400 M/Ts of Aluminiumconductors.1982Establishment of own distribution network island wide.1986Production of Armoured cable commenced at Piliyandala Factory.1988Company entered into a technical collaboration agreement with Nokia Cables Finland, formanufacturing of Aerial Bundled Cables and XLPE Insulated Cables.1990The name of the Company was changed from Associated Cables Ltd. to ACL Cables Ltd, in order toestablish an independent identity for the Company.87
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Annual Report 10/11 - ACL Cables PLC

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