To be a diversi�ied agri - business Company with an international reputation for excellence in Quality, Innovation & Land use.
VISION
MISSION
To maximize returns to the stakeholder, by optimizing productivity of available resources through sound dynamic management practices, production of excellent quality products.
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Agility
Integrity
Team Spirit
Proactiveness
Quality
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The digital version of this annual report https://www.arpico.com/contents/npl_�inancial_reports.php
- strong Move
Forward
During the past period, Sri Lanka's plantation business has undergone significant changes both domestically and internationally, depending on the climate, social, political, and economic environment.
However, Namunukula
Plantations PLC has maintained its momentum while steadily advancing toward sustainable growth by providing outstanding growth to the stakeholders it serves.
We are confident in our strengths and abilities to continue moving forward steadily on our journey by providing the greatest possible value to the stakeholders in the years to come.
Namunukula Plantations PLC
Content | 09 |
OVERVIEW | |
About Report - 4 | Financial Highlights |
About Us - 6 | |
Financial Highlights - 9 | |
Chairman's Review - 12 | 12 |
GOVERNANCE |
Board of Directors - 16
Our Management Team - 19
Corporate Governance - 22
Audit Committee Report - 26
Remuneration Committee Report - 28
Related Party Transactions Review Committee Report - 29
Risk Management - 30
MANAGEMENT DISCUSSION & ANALYSIS
Chairman's Review
44
Operational Footprint - 42
Review of Operations - 44
Economic and Industry Overview - 48
Stakeholder Engagement - 54
Review of Operations
Materiality Assessment - 57
VALUE CREATION
FINANCIAL INFORMATION
Financial Calendar - 114
Annual Report of the Board of Directors - 115 Statement of Directors' Responsibility - 121 Independent Auditors' Report - 122 Statement of Profit or Loss - 126 Statement of Comprehensive Income - 127 Statement of Financial Position - 128 Statement of Changes in Equity - 129
Statement of Cash Flow - 130
Notes to the Financial Statements - 131
Value Creation Model - 62
Financial Capital - 64
Manufactured Capital - 76
Human Capital - 80
Intellectual Capital - 87 | 175 |
Social & Relationship Capital - 89 | |
Natural Capital - 94 | |
Gri Content Index - 103 |
Shareholder & Investor
Relations Information
SUPPLEMENTARY INFORMATION
Shareholder & Investor Relations Information - 176
Decade at a Glance - 188
Glossary - 196
Notice of Meeting - 201
Form of Proxy - 202
4 | Namunukula Plantations PLC |
Annual Report 2021/22 | |
ABOUT REPORT
ThisWELCOMEyear's TOourOURintegratedFOURTHannualINTEGRATEDreport sharesANNUALthe storyREPORTof value creation process of Namunukula Plantations PLC over the today, tomorrow and long term in the context of economic, social and environmental aspects by providing concise and comprehensive information on the Company's strategy and business model, operational context, material risks, stakeholder needs, performance, expectations and governance. "Namunukula Plantations PLC" has always been committed to do the right thing for our stakeholders for solid financial performance and for the planet and hope to provide a better understanding on value of the company and prospects to our stakeholders.
To ensure that readers are able to correctly understand these activities, we took a holistic view of the financial information linked directly to business activities and non-financial information, and provide explanations accordingly. The report is themed around our chosen key stakeholder partnerships that maximise our ability to generate competitive sustainable value. Namunukula Plantations PLC acknowledges its dependency on the availability of capital resources and sustainable utilization thereof in the conduct of its plans. The Report draws upon the perspective of various stakeholders to describe NPPLC's vision to leverage its ingenuity to create new business models and generate value for societies in order to further achieve sustainable growth.
Integrated thinking is intrinsic to how we manage our business and to our internal strategy and reporting practices. Our strategy
development process included a review of NPPLC's business model and our interaction and our interdependency with the external societal context. The Resulting strategic priorities, goal and targets have been developed to ensure that we manage the resources and relationships needed to create value over time.
The quick readers who desires to read the report at a glance, may wish to turn to pages 12, 44, 64 and 126-130 for brief overview of company performance in key areas. Readers in search of more details narrative are welcome to read the Annual report from cover to cover or pick and choose the clearly identified section of their choice to obtain a more comprehensive understanding of the Company progress during the year and the future potential.
InBasispreparingof Preparationthis report, the company was guided GRIby 2the-2 International integrated reporting Framework issued by the international integrated reporting council (IIRC) and also by the preparer's guide to integrated corporate reporting, issued by CA Sri Lanka. We will continue to embrace the guiding principles and fundamental concepts contained in the IIRC framework to best serve the information needs of our stakeholders. Since the sustainability measures are an integral part of the operations, company attempts to integrate financial and non-financial performance adding value to the reporting initiatives. It also comments on NPPLC's contribution towards the UN This Sustainable Development Goals. Integrated Annual Report has been prepared with the following guidelines / frameworks/rules & regulations etc.
Financial | Governance | Sustainability | |
Reporting | Integrated | ||
Reporting | |||
Reporting | Reporting |
The Companies Act, No: 07 of 2007.
Sri Lanka Accounting Standards issued by the Institute of Chartered Accountants of Sri Lanka (CASL).
The Code of Best Practice on Corporate Governance issued jointly by the Securities and Exchange Commission of Sri Lanka (SEC) and The Institute of Chartered Accountants of Sri Lanka (CASL).
CSE Listing Rules.
Global Reporting Initiative (GRI) Standards
- "Core", published by Global Reporting Initiative.
The United Nations Sustainability Development Goals (SDGs)published by Institute of Chartered Accountants of Sri Lanka (CASL).
The Preparer's Guide to Integrated Corporate Reporting published by Institute of Chartered Accountants of Sri Lanka (CASL).
Overview | Governance | Management Discussion & Analysis | Value Creation | Financial Information | Supplementary Information |
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Namunukula Plantations plc published this content on 31 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2022 12:00:08 UTC.