Building on

Our Core Strength

Annual Report 2021

Building on

Our Core Strength

It was a year of many challenges and change and one that propelled us to focus and consolidate, in order to record a favourable outcome. While standing by our promise to deliver value and benefits to our stakeholders, we also continued our progress in order to sustain growth.

As our most acclaimed project draws nearer to completion, we remain grateful for the tenacity shown by our team, a vital factor in our performance this year, even through the challenge that was thrown down by a global pandemic.

Therefore, as we celebrate the year under review for fortifying our values, we will continue to build on our core strengths, remaining ever positive about the opportunities that lie ahead of us.

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Contents

Financial Highlights 4

Chairman's Message 6

Profiles of Directors 8

Property Leasing 12

Property Trading 13

Property Services 14

Financial Review 15

Sustainability Report 18

Risk Management Report 23

Corporate Governance Report 26

Remuneration Committee Report 46

Audit Committee Report 47

Related Party Transactions Review Committee Report 49

Financial Report

Annual Report of the Board of Directors 52

Directors' Statement on Internal Controls 57

Directors' Responsibility for Financial Reporting 58

Independent Auditor's Report 59

Statement of Financial Position 63

Statement of Profit or Loss 64

Statement of Comprehensive Income 65

Statement of Changes In Equity 66

Statement of Cash Flows 67

Notes to the Financial Statements 69

Group Performance - Ten Year Summary 118

Shareholder Information 122

Group Real Estate Portfolio 126

Notice of Meeting (AGM) 127

Notice of Meeting (EGM) 128

Corporate Information

Back Inner

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Overseas Reality (Ceylon) PLC

Our Vision

Our passion is to be the most successful and innovative real estate solutions provider in the region.

Our Mission

To be a truly Sri Lankan, self-contained, diversified, real estate solutions provider, driven by a highly motivated professional team to exceed the expectations of customers and shareholders.

Our Values

  • • Believe in Our People

  • • Make a Difference Together

  • • Honesty and Integrity

  • • Passionate about Our Customers

  • • Embrace Quality as a Way of Life

  • • Hold our Selves Accountable

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Disclaimer

Overseas Realty Ceylon plc published this content on 01 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2022 12:14:13 UTC.