DIPPED PRODUCTS PLC / ANNUAL REPORT 2008—2009

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Chairman’s Statement reversal of tea and rubber prices from October 2008 to a two year low significantly eroded the profit margins in the last quarter. Taxation The effective tax rate of the Group increased from 16% to 18%. This is despite a reduction in the effective tax rate of ICOGUANTI from 45% in the previous year to 39% following changes in Italian tax regulations favouring companies that are sufficiently capitalized. The low profits from tax exempt agricultural activities of Kelani Valley Plantations <strong>PLC</strong> caused the increase in the effective tax rate of the Group. Dividend Venigros (Pvt) Ltd and DPL Plantations (Pvt) Ltd declared an interim dividend of Rs 10/- per share each, whilst Grossart (Pvt) Ltd and Neoprex (Pvt) Ltd paid Rs 30/- and Rs 5/- per share respectively. Kelani Valley Plantations <strong>PLC</strong> paid a dividend of Rs 3/50 per share. ICOGUANTI distributed Euro 249,508/- for the financial year 2007. Your Directors now propose a dividend of Rs 3/- per share entirely from tax exempt dividends received, which will be free of tax in your hands. Prospects Your Company had to contend with several challenges, far beyond what was anticipated at the start of the year in the backdrop of rising costs. The manufacturing operations in particular were affected in the first three quarters of the year. and technical capabilities of DPL are among the best in the Industry. They have repeatedly proved to be robust and resilient to withstand adverse impacts from the environment. With a firm bridgehead established into the medical market, DPL is now well positioned to be a complete hand protection provider in all segments, namely consumer, industrial and medical. The Plantation sector is likely to be under pressure in the ensuing year until commodity markets recover. The investments made so far in maintaining both rubber and tea fields in optimal condition and in upgrading and diversifying the manufacturing facilities of KVPL should stand in good stead to cope with lean periods. On the eve of my retirement, I look back with great satisfaction the many years I have been associated with your Company. From a small beginning, DPL has today grown to be a globally recognized leader in the Industry. It has been my privilege to have worked with a team of committed men and women and contributed to its impressive growth. The prospect of DPL growing to double or triple its size in the medium term is very real. I wish to thank all employees for their determined and unstinted efforts and our customers and our suppliers for their unfailing support in a difficult year. I thank my colleagues on the Board for their valuable input and guidance. “…upturn witnessed in the last quarter once again demonstrates the inherent strength of the Group.” “…DPL is now well positioned to be a complete hand protection provider…” “The prospect of DPL growing to double or triple its size in the medium term is very real.” Rs. mn 3,500 3,000 2,500 2,000 1,500 1,000 Shareholders’ Funds The significant upturn witnessed in the last quarter once again demonstrates the inherent strength of the Group. The manufacturing N G Wickremeratne Chairman 12 May 2009 500 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 D I P P E D P R O D U C T S P L C A N N U A L R E P O R T 2 0 0 8 – 2 0 0 9 5
INPUT MATERIALS AND IMPLEMENTS TO AUGMENT CROP 6 D I P P E D P R O D U C T S P L C A N N U A L R E P O R T 2 0 0 8 – 2 0 0 9
Page 1 and 2: DIPPED PRODUCTS PLC / ANNUAL REPORT
Page 3 and 4: For more details: visit : www.dpl-f
Page 5: Chairman’s Statement “Group tur
Page 9 and 10: Managing Director’s Review “The
Page 11 and 12: Managing Director’s Review “…
Page 13 and 14: Managing Director’s Review “KVP
Page 15 and 16: Managing Director’s Review “Our
Page 17 and 18: partnerships Our partnership with B
Page 19 and 20: technology 18 The high speed latex
Page 21 and 22: environment “Firstlight” cares
Page 23 and 24: IT TRAINING CENTRE INGESTRE ESTATE
Page 25 and 26: INPUT MATERIALS COMMUNITY CAPACITY
Page 27 and 28: Financial Calendar 2008/2009 Interi
Page 29 and 30: Annual Report of the Board Donation
Page 31 and 32: Annual Report of the Board Stock ma
Page 33 and 34: Corporate Governance Responsibiliti
Page 35 and 36: Corporate Governance Major transact
Page 37 and 38: Corporate Governance Level of compl
Page 39 and 40: Audit Committee Report Composition
Page 41 and 42: Income Statements For the year ende
Page 43 and 44: Statements of Changes in Equity Con
Page 45 and 46: Cash Flow Statements For the year e
Page 47 and 48: Accounting Policies 3.1.2 Associate
Page 49 and 50: Accounting Policies commercially fe
Page 51 and 52: Accounting Policies 5.2. Agents’
Page 53 and 54: Accounting Policies 11.1.2. Permane
Page 55 and 56: Notes to the Financial Statements 1
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Notes to the Financial Statements 6
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Notes to the Financial Statements Y
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Notes to the Financial Statements A
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Ten Year Financial Review Gross Div
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The Share 1. Stock exchange listing
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The Share History of dividend and s
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Notice of Meeting DIPPED PRODUCTS P
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Form of Proxy INSTRUCTIONS AS TO CO
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DIPPED PRODUCTS PLC / ANNUAL REPORT 2008—2009

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