Notes to the Financial Statements Contd.... - Colombo Stock Exchange

Risk Management Contd....
K E G A L L E P L A N T A T I O N S P L C 2 0 0 9
l Reducing the risk associated l Identifying slow moving stocks and
with theft and shrinkage. effectively laying out a channel for these
to be sold off.
9. Risk of Competition l To maximise our market share l Ensuring high standards of quality in
and maintain leadership in the the eyes of the customer.
respective industries.
l Increasing productivity and efficiency in
order to ensure an adequate margin
despite increasing wage, energy and
transportation costs.
l Carrying out Research & Development
activities whenever necessary in order to
identify key areas to be focused.
10. Capital Investments Risk l To minimise risk of not meeting l Adopting a stringent approval procedure
profit expectations for Capital expenditure based on the
level of investment and the expected
pay back.
12. Information Systems Risk l To minimise risk associated l Maintaining of spare servers mirroring
with security, Hardware of hard disks with critical data.
communication and Software.
l Data back-ups stored in off site locations.
l Vendor agreements for support service
and maintenance.
l Regular updating of Virus scanners,
Firewalls etc.
l Compliance with statutory requirements
for environmental preservations.
13. Environmental, Political l To minimise the negative l Ensure compliance with all regulatory
& Regulatory Risk impact from changes in the requirements.
external environment which
are beyond our control.
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