Ratio Analysis

Topics: Board of directors, Non-executive director, Corporate governance Pages: 84 (21050 words) Published: June 11, 2013
Made in Ceylon

HAYLEYS EXPORTS PLC ANNUAL REPORT 2011-2012
FINANCIAL HIGHLIGHTS NOTICE OF MEETING GRAPHICAL REVIEW CORPORATE INFORMATION INFORMATION TO SHAREHOLDERS CHAIRMAN'S REVIEW 1 2 3 4 6 7 10 9

CONTENTS

MANAGING DIRECTOR’S REVIEW PROFILES OF DIRECTORS

STATEMENT OF DIRECTORS’ RESPONSIBILITIES CORPORATE GOVERNANCE

11 13 19 22 23 24 25 26 27 28 47 49

ANNUAL REPORT OF THE BOARD OF DIRECTORS ON THE AFFAIRS OF THE COMPANY AUDIT COMMITTEE REPORT INCOME STATEMENT BALANCE SHEET INDEPENDENT AUDITORS' REPORT

STATEMENT OF CHANGES IN EQUITY CASH FLOW STATEMENT TEN YEAR SUMMARY FORM OF PROXY NOTES TO THE FINANCIAL STATEMENTS

i

ii

FINANCIAL HIGHLIGHTS
HAYLEYS EXPORTS PLC ANNUAL REPORT 2011-2012
Turnover (Rs ‘000) Profit / (Loss) Before Taxation (Rs ‘000) Profit / (Loss) After Taxation (Rs ‘000) Total Equity (Rs ‘000) Net Foreign Exchange Earnings (Rs ‘000) Earnings /(Loss) Per Share (Rs) Net Assets Per Share (Rs) Market Value Per Share (Rs) TURNOVER Rupees Million Company, Joint Venture & Associate 2011/12 595,540 (6,581) (8,001) 334,209 503,857 (1.00) 41.78 28.90 2010/11 734,131 (46,957) (49,482) 342,210 552,287 (6.19) 42.78 45.50

800 700 600 500 400 300 200 100 0

NET PROFIT / (LOSS) Rupees Million

20 10 0 -10 -20 -30 -40 -50 -60 -70 -80

2008

2009

2008

2009

2008

2009

2010

700 600 500 400 300 200 100 0

NET FOREIGN EXCHANGE EARNINGS Rupees Million

2011

2010

2012

2011

2012

2010

2011

2012
1

HAYLEYS EXPORTS PLC ANNUAL REPORT 2011-2012
A PUBLIC LIMITED COMPANY Incorporated in Sri Lanka in 1987 Company Number PQ 21 LEGAL FORM Hatton National Bank PLC Hongkong and Shanghai Banking Corporation Ltd Standard Chartered Bank Seylan Bank PLC People's Bank Commercial Bank of Ceylon PLC Sampath Bank PLC BANKERS Ernst & Young Chartered Accountants, 201, De Saram Place P.O. Box. 101, Colombo. Sri Lanka. AUDITORS LEGAL ADVISORS

CORPORATE INFORMATION

The principal activity of the Company & its Joint venture is manufacture and export of coir products. THE STOCK EXCHANGE LISTING

The ordinary shares of the Company are listed with the Colombo Stock Exchange of Sri Lanka. A. M. Pandithage (Chairman) G. M. P. De Silva - Managing Director (Appointed W.E. F. 02.08.2011) F.R. Alles L. K. B. Godamunne (Retired W.E.F. 24.06.2011) I. Piyasena – (Resigned W.E.F. 15.02.2012) H.C.S. Mendis Dr. S. A. B. Ekanayake M.M.M. De Silva S.C. Ganegoda T.G. Thoradeniya J. A. W. M. Jayasekera B. D. A. Perera (Appointed W.E.F. 06.12.2011) N. Udage (Appointed W.E.F. 06.12.2011) DIRECTORS Hayleys Building 400, Deans Road, Colombo 10, Sri Lanka. Telephone : 011 2627000 Fax: 011 2699299 REGISTERED OFFICE 193, Minuwangoda Road, Kotugoda, Telephone : 011 2232939 Fax: 011 2232941 E-mail : info@hayleysfibre.com Web Site : www.hayleysfibre.com FACTORY / OFFICE

Corporate Legal Department Julius & Creasy - Attorneys At Law SECRETARIES

Hayleys Group Services (Pvt) Limited No. 400, Deans Road, Colombo 10, Sri Lanka. Telephone : 011 2627650 Fascimile : 011 2627645 E-mail : info.sec@hayhleys.com

Please direct any queries about the administration of shareholding to the Company Secretaries.

2

NOTICE OF MEETING
HAYLEYS EXPORTS PLC
COMPANY NO. PQ 21

ANNUAL REPORT 2011-2012
NOTICE IS HEREBY GIVEN that the Twenty Sixth Annual General Meeting of Hayleys Exports PLC, will be held at the Registered Office of the Company, No.400, Deans Road, Colombo 10 on Friday, 22nd June, 2012 at 3.00 p.m. and the business to be brought before the meeting will be: 1) To consider and adopt the Annual Report of the Board and the Statements of Accounts for the year ended 31st March, 2012, with the Report of the Auditors thereon. 2) To re-elect Mr. J.A.W.M.Jayasekera, who has been appointed by the Board, since the last Annual General Meeting, a Director. 3) To re-elect Mr. G.M.P. De Silva , who has been appointed by the Board, since the last Annual General Meeting, a Director. 4) To re-elect...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Financial Ratio Analysis Report Essay
  • LIQUIDITY RATIO Essay
  • Ratio Analysis of Google Company Essay
  • Essay about Ratio, Vertical, and Horizonal Analyses
  • Patton Fuller Ratio Essay
  • Financial Analysis Essay
  • Essay on Ratio Analysis
  • Ratio Analysis Essay

Become a StudyMode Member

Sign Up - It's Free
Download | toques para Nokia | Yes! Pretty Cure 5 Go Go!