Maskeliya Plantations : Annual Report For 2021-2022 Maskeliya Plantations PLC

YEAR ENDED 31 MARCH 2022

COMPANY

REVIEW

Corporate Governance Review	22
Understanding & Managing Principle Risks	26
Report of the Audit Committee	29
Report of the Remuneration Committee	31
Report of the Related Party
Transactions Review Committee	32
Annual Report of the Board of Directors	33
Statement of Directors' Responsibility	36

FINANCIALS

C o n t e n t

Vision, Mission & Objectives	02
Introduction to the Report	03
Journey So Far	04
Financial Calender	05
Our Estates	06
Land Marks	07
Financial Highlights	08
Key Performance	09
Chairman's Review	10
Board Profile	12
Key Personnel	15
Regional Outcomes	17
Value Added Statement	18
Company Financial &
Operational Higlights	19

STATUTORY

REVIEW

Independent Auditors' Report	37
Statement of Profit or Loss	41
Statement of Comprehensive Income	42
Statement of Financial Position	43
Statement of Changes in Equity	44
Statement of Cash Flows	45
Notes to the Financial Statements	46
Shareholder and Investor Information	83
10 Year Summary	85
Definitions	87
Notice of Meeting	88
Form of Proxy

VISION, MISSION, OBJECTIVE

"To be a result

oriented innovative

tea company, internationally reputed for quality"

V	N
	ISIO

"Provide a Return on Investment above the risk free investment rate to shareholders, Maintain market leadership, both in terms of quality and price, Optimise sustainable, land productivity, Maximise worker produc- tivity, Operate within the concept of a sustainable environ- ment, Optimise the use of available resources"

MISSION

To Customers

Produce quality tea that meets customer needs

To Employees

Be an employer of

choice in the planta-

tion sector

To Community

Be socially and environ-

mentally responsible

To Stake holders

Increase the wealth of our

stake holders

O	B		E
	I
		JECT	V

Introduction to the Report

This MPPLC annual report reflects the Company's financial and non-financial performance covering the period from 1 April 2021 to 31 March 2022. We are pleased to present this report to wide range of our stakeholders on behalf of the Company's Management.

The Financial statements and other relevant disclosures have been prepared in accordance with the Sri Lanka Financial Reporting Standards (SLFRS), LKAS, Companies act No 7 of 2007, CSE listing rules and other relevant reporting requirements.

We hope that the Annual Report is informative, transparent, and inspiring. Comments and questions on the content report are welcome to the improvement of the report. Please direct your thoughts, comments, and questions to.

[e-mail], or in writing to: No.310, High Level Road, Nawinna,

Maharagama.

Tel : [phone]