Sathosa Motors : Annual Report for the Financial Year ended 31st March 2022
September 05, 2022 at 07:12 am
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SATHOSA MOTORS PLC
Driven by
PASSION
ANNUAL REPORT 2021/22
ANNUAL REPORT 2021/22
A
Driven by
PASSION
ANNUAL REPORT 2021/22
Adapting to sudden swerves in the macroeconomic environment cannot be withstood without the need to persevere and a passion for what we do. While passion can drive perseverance, the ability to think beyond boundaries enables those with a passion to truly excel.
With these elements and tactical thinking in tow, we have focused on creating positive interferences in how we serve our clientele. During the year, we expedited branch improvements and supply chain streamlines - in an effort to fast-track efficiencies and service enhancements. With good service being pivotal to retained customer confidence, we improved our after-sales services in making it a strong selling point. We also invested our focus on strengthening the branch network in reworking customer experience at each and every touch point.
We are poised for a future of sustainable business development and exponential value creation - as we are driven by passion and fuelled by perseverance to adopt new solutions and adapt to these unprecedented times.
CONTENT
OVERVIEW
About this Integrated Report
4
About Us
5
Group Profile & Group Structure
6
Our Vision,Our Mission & Key Corporate Values
7
Company History
8
Financial Overview
9
Awards and Accolades - 2021/22
10
Milestones
11
MANAGEMENT REVIEWS
Chairman's Message
14-15
Management Review
16-17
Board of Directors
18-19
Board of Directors Profile
20-21
Senior Management
22-23
Our Business Model
26-27
Materiality Determination
28-31
Stakeholder Engagement
32-35
Corporate Governance
36-54
Enterprise Risk Management
55-69
Operating Landscape
72-73
The Capital Approach
74
Financial Capital
75-77
Human Capital
78-81
Intellectual Capital
82
Manufactured Capital
83-85
Natural Capital
86-87
Social and Relationship Capital
88-89
FINANCIAL STATEMENTS
Financial Calendar
92
Audit Committee Report
93-94
Remuneration Committee Report
95
Related Party Transactions Review
Committee Report
96-97
Strategic Planning Committee Report
98
Annual Report of the Board of Directors on the
Affairs of the Company
99-103
The Statement of Directors Responsibility
104
Directors Statement on Internal Control
105
Independent Auditor's Report
106-109
Statement of Profit or Loss and Other
Comprehensive income
110
Statement of Financial Position
111
Statement of Changes in Equity
112
Statement of Cash Flows
113
Notes to the Financial Statements
114-174
SUPPLEMENTARY INFORMATION
SML Branch Network I Locations
176
Decade at a Glance
177
Share Information
178-179
Abbreviations
180
GRI Content Index
181-184
Notice of Annual General Meeting
185
Notes
186
Form of Proxy
187-188
Corporate Information
Inner Back Cover
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Sathosa Motors plc published this content on 05 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2022 04:29:02 UTC.
Sathosa Motors PLC is engaged in the importing and distribution of Isuzu new vehicles, marine engines, spare parts, and operating workshops for vehicle repairs. The Company's segments include Vehicle Sales, Spare Part Sales, Workshop Repairs, and Marine Engine Sales. The Vehicle Sales segment is engaged in the importation and distribution of brand-new Isuzu, Range Rover, and Jaguar vehicles as authorized agent in Sri Lanka. The Marine Engine Sales segment is engaged in the importation and distribution of brand-new Isuzu Marine Engines. The Spare Parts sales segment focuses on importation and distribution of genuine Isuzu, Range Rover, and Jaguar spare parts. The Workshop Repairs segment conducts workshop repair services for Isuzu, Range Rover, and Jaguar Vehicles. Its dealership network comprises approximately 90 dealers across the island, providing total coverage in terms of spare parts availability and comprehensive after-sales services in all provinces.