Professional Documents
Culture Documents
Annuul Report
SL11INC 1BL PACL...
At 'ohn leells Eoldlngs we ure pleused thut the
declslve uctlons und prouctlve strutegles udopted
over the yeurs ln the fuce of muny uncertulntles,
huve strongly posltloned us to cupltullse on the
opportunltles now presented by un emerglng
economy. lor over u century, our products,
servlces und lnteructlons wlth soclety huve
touched the llves of muny ucross Srl Lunku.
ln thls slgnlflcunt moment when ull eyes ure on
Srl Lunku, 'ohn leells Eoldlngs ls reudy to set the
puce und leud the wuy ln to u new duy.
Puge
Croup Bighlights
About us =
Operutlng hlghllghts und slgnlflcunt events 6
llnunclul uchlevements und gouls 6
llnunclul hlghllghts yeur ut u glunce ,
Chulrmun's messuge 8
Management Discussion and Analysis
Consollduted Croup performunce z
Croup flnunclul posltlon, llquldlty und cupltul resources ,
lndustry group unulysls
lndustry group jnancal ngnlgnts
1ransportaton zo
Lesure z,
lroperty z6
consumer |oods etal z
|nancal Servces ,z
lnjormaton 1ecnnology ,,
Ctner ncludng llantaton Servces ,8
Portfollo movement und evuluutlon o
Shure lnformutlon o-
People, Processes and Covernance
1he power of people und processes o
8ourd of Llrectors =z
Croup Lxecutlve Commlttee =o
Croup Operutlng Commlttee ==
Corporute governunce =,
Commlttee reports 6
Rlsk munugement ,z
Iinancial Information
Annuul Report of the 8ourd of Llrectors ,6
1he Stutement of Llrectors' Responslblllty 8o
Report of the Audltors 8=
8ulunce sheet 86
lncome stutement 8,
Cush flow stutement 88
Stutement of chunges ln equlty c
Notes to the flnunclul stutements z
Lconomlc vulue stutement --
Supplementary Information
Elstory of the 'ohn leells Croup -o
Lecude ut u glunce -=
lndlcutlve US dollur flnunclul stutements -6
Croup reul estute portfollo -8
Croup dlrectory oc
Srl Lunkun economy o-
Clossury of flnunclul terms oo
Corporute lnformutlon o=
Notlce of meetlng o6
lorm of proxy o,
CROUP BICBLICB1S
=
A8OU1 US
'ohn leells Eoldlngs PLC ('lE) ls Srl Lunku's lurgest llsted compuny, wlth buslness lnterests ln
1runsportutlon, Lelsure, Property, Consumer loods & Retull, llnunclul Servlces und lnformutlon
1echnology, umong others. Slnce lts modest beglnnlngs us u produce und exchunge broker ln the
eurly 8,cs, 'lE hus been known to constuntly reullgn, reposltlon und relnvent ltself ln pursulng
growth sectors of the tlme. Our lnvestment phllosophy ls bused on u posltlve outlook, bold upprouch,
commltment to dellvery und flexlblllty to chunge. 'lE ls ulso commltted to mulntulnlng lntegrlty,
ethlcul deullngs, sustulnuble development und greuter soclul responslblllty ln u multl stukeholder
context. Euvlng produced superlor returns for our shureholders und experlenced slgnlflcunt growth,
the Croup's lmmedlute phuses of growth ure fuelled by our vlslon '8ulldlng buslnesses thut ure
leuders ln the reglon'.
Our values
ve ure pusslonute ubout
Chunglng constuntly, relnventlng und evolvlng
Strlvlng to get thlngs rlght the flrst tlme
Lolng the rlght thlngs ulwuys
Constuntly rulslng the bur
losterlng u greut pluce to work
8ulldlng strong relutlonshlps bused on openness und
trust
1kB is
1he lurgest cupltullsed compuny llsted on the
Colombo Stock Lxchunge
1he flrst Srl Lunkun compuny to be llsted overseus
Clobul deposltory recelpts llsted on the Luxembourg
Stock Lxchunge
AAA (lku) credlt ruted by lltch Rutlngs Lunku Ltd
A full member of the vorld Lconomlc lorum
A member of the UN Clobul Compuct
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
6
April zoo
At the concluslon of the mundutory offer for the purchuse of
shures of Unlon Assurunce PLC, 'lE's effectlve stuke
lncreused to 8c.6 per cent.
'lE wus lncluded ln u new stock murket lndex for the South
Aslun reglon known us SAlL cc whlch wus jolntly luunched by
Low 'ones und the South Aslun lederutlon of Lxchunges
(SAlL). 1he lndex meusures the performunce of the =c lurgest
lndlun stocks und the =c lurgest stocks trudlng ln 8ungludesh,
Muurltlus, Puklstun und Srl Lunku.
May zoo
1he 'ohn leells Croup releused lts flrst stundulone
Sustulnublllty Report for zcc8jc, verlfled by Let Norske
verltus AS, whlch ls ln udherence to the Clobul Reportlng
lnltlutlve (CRlC-) frumework.
August zoo
'lE wus runked flrst by the 8uslness 1oduy muguzlne's
'1op c' Corporute uwurds for zcc,jc8.
September zoo
lorbes Aslu muguzlne lncluded 'lE ln lts lutest llstlng of the
best zcc Aslu Puclflc compunles eurnlng revenues under u
bllllon dollurs u yeur. 'lE wus the only Srl Lunkun compuny to
be feutured ln thls llst.
1runs Aslu Eotel wus rebrunded und reluunched us Clnnumon
Lukeslde Colombo ufter undergolng u Rs. ooo mllllon
refurblshment.
November zoo
8eruwelu Eollduy Resorts (Pvt) Ltd, u fully owned subsldlury of
lnternutlonul 1ourlsts & Eotellers Ltd (l1E), purchused u o.6
ucre block of lund udjolnlng the exlstlng property of l1E ln
8eruwelu.
1he zcc8jc Sustulnublllty Report of 'lE won the gold for
Corporute Soclul Responslblllty reportlng ut the Annuul Report
uwurds orgunlsed by the lnstltute of Churtered Accountunts of
Srl Lunku.
December zoo
'lE, through 'ohn leells Cupltul, purchused u zo.6 per cent
stuke ln Centrul Eospltul (Prlvute) Llmlted for un lnvestment of
Rs. cc mllllon.
1anuary zoo
1rlnco Eollduy Resorts (Pvt) Ltd, u fully owned subsldlury of
'ohn leells Eotels PLC, commenced the refurblshment of Club
Oceunlc Eotel ln 1rlncomulee, to be luunched ln Muy zcc us
the flrst resort of four stur quullty on the eust coust of
Srl Lunku.
Iebruary zoo
'lE wus pluced jolnt runner up ln the lurge compuny cutegory
ut the ACCA uwurds for Sustulnublllty Reportlng zcc.
March zoo
1he murket cupltullsutlon exceeded USL bllllon.
'lE ucqulred 8.o mllllon ordlnury shures of Nutlons 1rust 8unk
through the converslon of wurrunts wlth un lnvestment of
Rs. z=.6 mllllon, thereby mulntulnlng lts percentuge stuke ln
the bunk.
'lE lnvested Rs. .= bllllon ln the 'ohn leells Eotels PLC
(lEL) :- rlghts lssue whllst dlvestlng =c mllllon of lts rlghts.
At the concluslon of the rlghts lssue, 'lE owns 8z. per cent
of lEL wlth the effectlve stukes ln compunles held by lEL ulso
belng revlsed uccordlngly. 1he proceeds recleved by lEL
umountlng to Rs. -.6o bllllon ure eurmurked to fund the
expunslon of the resort hotel sector.
South Aslu Cutewuy 1ermlnuls hundled u record 8z,ccc 1LUs
durlng the month whlch ls the hlghest ever hundled ln u month
ut the termlnul.
OPLRA1INC BICBLICB1S AND
SICNIIICAN1 LvLN1S
lndlcutor () Coal Achievement
(us ut - Murch)
zoo zoo zoo8
L8l1 growth >zc (.o) (z.6) -o.c
LPS growth (fully dlluted) >zc .< (=.=) -z.z
Cush LPS growth (fully dlluted) >zc <|.6 (,.z) z6.
Return on cupltul employed (ROCL) 8 o.8 z.c -.
Return on equlty zc o. c.6 z.=
Net debt (cush) to equlty =c (z.<) . .
IINANCIAL ACBILvLMLN1S & COALS
,
Yeur ended - Murch zoo zoo Change zoo8
Croup revenue Rs. mllllon a;,8o o,cz- , o,8c=
Croup revenue lncludlng ussoclutes Rs. mllllon <;,86 =z,z6 =,oz8
Croup proflt before lnterest und tux Rs. mllllon ;,o8 ,,86 () 8,,
Croup proflt before tux Rs. mllllon 6,<|8 6,z o 6,=,
Croup proflt ufter tux Rs. mllllon <,<<z o,6= z =,=z=
Croup proflt uttrlbutuble to shureholders Rs. mllllon <,zo o,,-z c =,
Llvldends * Rs. mllllon ,8aa ,88- (z) -,,6
Llluted eurnlngs per shure Rs. 8.|8 ,.=z ,.6
Cush eurnlngs per shure Rs. z.oa ,.8o =o .o,
lnterest cover No. of tlmes <.8 o., z- =.
Return on equlty (ROL) o. c.6 z z.=
Pretux return on cupltul employed (ROCL) o.8 z.c (c) -.
8alance sheet highlights and ratios
1otul ussets Rs. mllllon 8,6<8 z,oc , ,c,=c
1otul debt Rs. mllllon ;,a<| z,=, () z,66,
Net debt (cush) ** Rs. mllllon (,|;) o,,- (z8) ==-
1otul shureholders' funds Rs. mllllon a,8|z o=,=c6 c o-,-,
No. of shures ln lssue mllllons 6 6 6-6
Net ussets per shure Rs. 8o.a ,o.o 8 68.z
Lebt j equlty |.o oz.8 (z8) z6.-
Net debt (cush) j equlty ** (z.<) . (z=) .
Lebt j totul ussets ;.; z-.o (z=) ,.
Marketjshareholder information
Murket prlce of shure us ut - Murch (uctuul) Rs. 8a.oo 6z.,= - .,=
Murket prlce of shure us ut - Murch (dlluted) Rs. 8a.oo 6z.,= - 8.,,
Murket cupltullsutlon Rs. mllllon |,8| -8,-6z , ,6,6c
Lnterprlse vulue ** Rs. mllllon z,6oa o-,--6 6c ,6,,-
1otul shureholder return 8.o (oo.,) (=o-) (.c)
Prlce eurnlngs rutlo (PLR) (dlluted) No. of tlmes z. 8.- 6- o.
Llvldend puyout |8.< oz.c (8) 8.c
Llvldend per shure Rs. |.o -.c c =.c
Llvldend yleld .6 o., (6=) o.8
Other
Lconomlc vulue generuted Rs. mllllon <<,6;8 o8,zzc = o6,-
Lconomlc vulue dlstrlbuted Rs. mllllon <o,oaz o-,-,6 = o-,-,c
Lmployees Rs. mllllon 6,|8 =,=oo =,cc=
Covernment Rs. mllllon z,| z,,8 = z,o=-
Others Rs. mllllon ao, -=,c= , -=,z
Lconomlc vulue retulned Rs. mllllon <,6|6 o,8oo 6 -,=o-
1otul employees (excludlng ussoclutes) Number o,88< c,=c o ,z
* casn dvdends pad durng tne year
** customer advances n tne lroperty evelopment sector and unon Assurance lje jund nvestments nave been excluded
IINANCIAL BICBLICB1S
YLAR A1 A CLANCL
8
Although our
overull flnunclul
results ln zccjc exceeded
our prevlous yeur's results und well
exceeded our orlglnul expectutlons, whut wus
most pleuslng wus thut our proflt ufter tux ln the thlrd und the
fourth quurters of zccjc grew ugulnst the correspondlng
quurters of zcc8jc by =, per cent und -= per cent
respectlvely. 1hls posltlve momentum, when vlewed together
wlth the polltlcul, economlc und buslness stublllty whlch huve
been uttulned followlng the cleur und overwhelmlng electorul
mundute recelved by Els Lxcellency the Presldent und hls
Covernment, glves us the confldence to stute thut Srl Lunku ls
on the threshold of unprecedented development und your
Croup ls well posltloned, both ln terms of orgunlsutlonul und
flnunclul cupublllty, to pluy un lmportunt role ln thls nutlonul
journey.
1he key flnunclul hlghllghts for the yeur zccjc, whlch ure
dlscussed ln greuter detull ln the Munugement Llscusslon und
Anulysls sectlon of the report, ure us follows.
Croup revenue lncreused by , per cent to Rs.o,.8 bllllon
Croup proflt before tux (P81) lncreused by o per cent to
Rs. 6.=o bllllon
Croup proflt ufter tux (PA1) uttrlbutuble to equlty holders
lncreused by c per cent to Rs.=.zc bllllon
Cush LPS lncreused by =o per cent to Rs. z.co
1otul shureholder return wus 8 per cent
Net cush flow from operutlng uctlvltles lncreused by -6
per cent to Rs. ., bllllon
Return on equlty wus c. per cent compured to c.6 per
cent ln the prevlous yeur
Although these results, by
themselves, ure sutlsfuctory ln the
context of u turbulent flrst hulf, whlch
wus recoverlng from u globul flnunclul
crlsls, u recesslon und the reslduul lmpucts
of u -c yeur confllct: und u buoyunt second
hulf thut responded posltlvely to the new
envlronment, l belleve thut your Croup hus the
potentlul to slgnlflcuntly exceed the zccjc
performunce ln the lmmedlute future. lts sustulnublllty ln
the medlum to long term, however, cun only be uchleved by
muklng the bold moves whlch defy the ussumptlons thut we
huve clung to ln the pust und by belng more lnnovutlve ln our
thoughts, pluns und uctlons ln cuterlng to u fust puced und
dynumlc economlc und buslness envlronment of the future.
1hls ls u sltuutlon rudlcully dlfferent to the very dlfflcult, und
uncertuln, polltlcul, economlc und buslness cllmutes of the
pust where plunnlng wus u nlghtmure und survlvul wus the
order of the duy. ve huve to thlnk posltlvely und thlnk blg und
our hlghest prlorlty thls yeur ls to meunlngfully relnforce the
'nothlng ls lmposslble' uttltude whlch hus been u hullmurk of
the 'lE culture und to glve greuter lmpetus to the creutlon of
un enubllng envlronment where lnnovutlon ls encouruged.
Clven thut u more detulled unulysls of our lndustry
groupsjsegments ls uvulluble elsewhere ln the Annuul Report,
l wlll restrlct myself to dlscusslng the hlghllghts of zccjc und
u hlghlevel outlook for euch one of them.
1runsportutlon remulned the muln contrlbutor to the Croup's
ufter tux proflts, contrlbutlng o per cent to the Croup's
profltublllty wlth u PA1 of Rs. z.z8 bllllon, un lncreuse of -8 per
cent [zcc8jc: Rs. .66 bllllon|. 1he lndustry group contrlbuted
zc per cent to the Croup's revenue. 1he group's proflts were
mulnly drlven by the operutlons of South Aslu Cutewuy
1ermlnuls (SAC1), ut the Colombo port, where the throughput
grew , per cent yeur on yeur to .88 mllllon 1LUs prlmurlly due
to the slgnlflcunt growth ln demund from key customers. vlth
the untlclputed growth ln lnfrustructure projects und trude
volumes und the ucceleruted development ln the north und
eust, the outlook for the Ports, Shlpplng und Loglstlc
buslnesses ure bulllsh. ln the ulrllnes segment, the expected
growth ln pussenger und curgo volumes wlll more thun
compensute for the lncreuse ln competltlon wlth the udvent of
new ulrllnes operutlng lnto Srl Lunku.
Lelsure recorded u slgnlflcuntly lmproved performunce wlth
tourlst urrlvuls lncreuslng consequent to the end of hostllltles.
Overull, the Lelsure lndustry group contrlbuted zo per cent to
the Croup's revenue und 8 per cent of the Croup's
profltublllty wlth u PA1 of Rs. ,- mllllon, thls belng u
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
jDirector
z
8usiness the Company
a
a director served for nine
Relationship
|
or CLO
<
years
6
Lxecutive Director (LD)
S Rutnuyuke
A Cunewurdene
S Cunusekeru*
R Pelrls
Non LxecutivejIndependent
Director (NLDjID)
l Ameruslnghe
1 Lus
S Lnderby
L Rodrlgo
S 1lruchelvum
* retlred w.e.f. -c 'une zcc
complant
s
.
'
o
o
o
s
c
a
p
i
t
a
l
r
e
s
e
r
v
e
t
r
a
n
s
l
a
t
i
o
n
c
a
p
i
t
a
l
r
e
v
e
n
u
e
p
r
o
f
i
t
i
n
t
e
r
e
s
t
L
q
u
i
t
y
N
o
t
e
r
e
s
e
r
v
e
r
e
s
e
r
v
e
s
r
e
s
e
r
v
e
s
A
s
a
t
A
p
r
i
l
z
o
o
8
z
z
,
a
6
a
,
z
6
;
a
,
6
z
,
o
8
8
o
8
,
z
8
,
6
a
o
<
,
<
;
,
6
|
,
|
<
,
;
a
|
a
|
,
|
;
,
o
o
o
a
,
;
6
,
;
;
<
a
8
,
6
6
,
;
;
<
R
e
v
e
r
s
u
l
o
f
p
r
l
o
r
p
e
r
l
o
d
u
d
j
u
s
t
m
e
n
t
S
A
C
1
-
(
6
6
,
)
(
6
6
,
(
6
6
,
)
A
s
a
t
A
p
r
i
l
z
o
o
8
(
s
t
a
t
e
J
)
z
z
,
a
6
a
,
z
6
;
a
,
6
z
,
o
8
8
o
8
,
z
8
,
6
a
o
<
,
<
;
,
6
|
,
|
z
,
6
z
a
|
,
|
|
o
,
8
6
a
,
;
6
,
;
;
<
a
8
,
o
o
,
6
a
a
S
h
u
r
e
o
p
t
l
o
n
s
e
x
e
r
c
l
s
e
d
6
c
,
8
6
c
,
8
6
c
,
8
R
e
p
u
r
c
h
u
s
e
o
f
o
r
d
l
n
u
r
y
s
h
u
r
e
s
(
z
,
z
=
,
c
c
c
)
(
z
,
z
=
,
c
c
c
)
(
z
,
z
=
,
c
c
c
)
C
u
r
r
e
n
c
y
t
r
u
n
s
l
u
t
l
o
n
d
l
f
f
e
r
e
n
c
e
s
z
8
=
,
8
c
6
z
8
=
,
8
c
6
z
c
,
6
z
-
c
6
,
z
6
8
N
e
t
g
u
l
n
j
(
l
o
s
s
)
r
e
c
o
g
n
l
s
e
d
d
l
r
e
c
t
l
y
l
n
e
q
u
l
t
y
S
u
r
p
l
u
s
o
n
r
e
v
u
l
u
u
t
l
o
n
c
c
,
6
=
-
c
c
,
6
=
-
(
=
=
,
z
8
-
)
=
,
-
,
c
A
c
q
u
l
s
l
t
l
o
n
s
,
d
l
s
p
o
s
u
l
s
u
n
d
c
h
u
n
g
e
s
l
n
h
o
l
d
l
n
g
(
8
,
6
c
)
,
=
z
c
(
-
,
c
)
z
8
,
-
A
s
s
o
c
l
u
t
e
c
o
m
p
u
n
y
s
h
u
r
e
o
f
n
e
t
u
s
s
e
t
s
8
-
c
,
c
-
8
z
,
,
,
z
=
,
z
,
6
6
=
,
=
=
6
6
=
,
=
=
6
v
r
l
t
e
o
f
f
j
t
r
u
n
s
f
e
r
6
,
=
8
-
)
8
c
,
z
c
z
(
6
,
-
8
)
(
z
,
8
=
)
(
8
,
8
6
6
)
P
r
o
f
l
t
f
o
r
t
h
e
y
e
u
r
(
s
t
a
t
e
J
)
,
,
-
z
,
-
c
,
,
-
z
,
-
c
z
-
z
,
-
,
6
=
c
l
l
n
u
l
d
l
v
l
d
e
n
d
p
u
l
d
z
c
c
,
j
c
8
(
6
-
6
,
c
c
-
)
(
6
-
6
,
c
c
-
)
(
6
-
6
,
c
c
-
)
l
n
t
e
r
l
m
d
l
v
l
d
e
n
d
p
u
l
d
z
c
c
8
j
c
,
z
,
,
)
(
,
z
,
,
,
z
,
,
)
S
u
b
s
l
d
l
u
r
y
d
l
v
l
d
e
n
d
t
o
m
l
n
o
r
l
t
y
s
h
u
r
e
h
o
l
d
e
r
s
c
z
c
(
z
=
z
,
8
,
)
(
z
z
-
,
6
=
,
)
A
s
a
t
|
M
a
r
c
h
z
o
o
s
t
a
t
e
J
)
z
z
,
<
z
<
,
o
8
<
,
<
;
,
;
|
6
,
a
|
,
z
z
z
a
z
<
,
;
6
<
<
,
<
;
,
6
|
o
,
o
z
6
,
6
6
z
a
<
,
<
o
6
,
a
<
6
a
,
6
o
,
|
o
<
o
,
a
6
6
,
;
6
<
S
h
u
r
e
o
p
t
l
o
n
s
e
x
e
r
c
l
s
e
d
,
,
,
z
,
,
z
,
,
z
z
L
l
r
e
c
t
c
o
s
t
o
n
s
h
u
r
e
l
s
s
u
e
(
z
,
,
6
)
(
z
,
,
6
)
(
=
,
,
=
8
)
(
-
-
,
6
,
)
C
u
r
r
e
n
c
y
t
r
u
n
s
l
u
t
l
o
n
d
l
f
f
e
r
e
n
c
e
s
z
,
6
,
z
)
z
,
6
,
z
)
(
,
)
(
,
,
=
8
)
R
e
s
e
r
v
e
d
d
u
r
l
n
g
t
h
e
y
e
u
r
-
c
,
c
c
c
(
-
c
,
c
c
c
)
N
e
t
g
u
l
n
j
(
l
o
s
s
)
r
e
c
o
g
n
l
s
e
d
d
l
r
e
c
t
l
y
l
n
e
q
u
l
t
y
S
u
r
p
l
u
s
o
n
r
e
v
u
l
u
u
t
l
o
n
z
,
6
,
,
z
,
6
,
,
8
-
8
,
8
8
-
=
,
6
6
A
c
q
u
l
s
l
t
l
o
n
s
,
d
l
s
p
o
s
u
l
s
u
n
d
c
h
u
n
g
e
s
l
n
h
o
l
d
l
n
g
)
(
,
-
=
6
,
c
c
,
-
=
=
,
8
A
s
s
o
c
l
u
t
e
c
o
m
p
u
n
y
s
h
u
r
e
o
f
n
e
t
u
s
s
e
t
s
(
-
z
,
6
z
)
z
,
6
c
c
(
,
,
=
c
z
)
(
-
,
,
=
-
(
-
,
,
=
-
)
v
r
l
t
e
o
f
f
j
t
r
u
n
s
f
e
r
(
6
,
,
z
8
)
=
,
=
c
8
(
z
,
6
z
c
)
(
z
,
c
=
-
)
(
z
-
,
6
,
-
)
P
r
o
f
l
t
f
o
r
t
h
e
y
e
u
r
=
,
z
c
=
,
z
c
-
=
c
,
8
z
=
,
=
=
z
,
-
=
l
l
n
u
l
d
l
v
l
d
e
n
d
p
u
l
d
z
c
c
8
j
c
(
6
,
-
=
-
)
(
6
,
-
=
-
)
(
6
,
-
=
-
)
l
n
t
e
r
l
m
d
l
v
l
d
e
n
d
z
c
c
,
z
-
z
,
z
8
)
(
,
z
-
z
,
z
8
,
z
-
z
,
z
8
)
S
u
b
s
l
d
l
u
r
y
d
l
v
l
d
e
n
d
t
o
m
l
n
o
r
l
t
y
s
h
u
r
e
h
o
l
d
e
r
s
z
-
,
,
c
6
z
-
,
,
c
6
(
z
6
-
,
8
c
c
)
(
z
c
,
c
)
A
s
a
t
|
M
a
r
c
h
z
o
o
z
|
,
|
z
z
,
a
o
o
<
,
;
z
;
,
|
z
6
,
a
;
,
a
z
8
,
|
6
<
<
,
<
a
;
,
6
|
|
,
|
8
8
,
z
6
a
,
8
|
z
,
z
;
6
,
a
z
,
<
z
<
6
,
z
6
,
;
8
|
L
e
t
u
l
l
s
o
f
o
t
h
e
r
r
e
v
e
n
u
e
r
e
s
e
r
v
e
s
h
u
v
e
b
e
e
n
d
l
s
c
l
o
s
e
d
l
n
N
o
t
e
l
l
g
u
r
e
s
l
n
b
r
u
c
k
e
t
s
l
n
d
l
c
u
t
e
d
e
d
u
c
t
l
o
n
s
.
1
h
e
u
c
c
o
u
n
t
l
n
g
p
o
l
l
c
l
e
s
u
n
d
n
o
t
e
s
u
s
s
e
t
o
u
t
l
n
p
u
g
e
s
z
t
o
-
z
f
o
r
m
u
n
l
n
t
e
g
r
u
l
p
u
r
t
o
f
t
h
e
s
e
f
l
n
u
n
c
l
u
l
s
t
u
t
e
m
e
n
t
s
.
S1A1LMLN1 OI CBANCLS INLOUI1Y
S1A1LMLN1 OI CBANCLS IN LOUI1Y
C
O
M
P
A
N
Y
S
t
a
t
e
d
C
e
n
e
r
a
l
D
i
v
i
d
e
n
d
I
n
v
e
s
t
m
e
n
t
A
c
c
u
m
u
l
a
t
e
d
1
o
t
a
l
c
a
p
i
t
a
l
r
e
s
e
r
v
e
r
e
s
e
r
v
e
e
q
u
a
l
i
s
a
t
i
o
n
p
r
o
f
i
t
e
q
u
i
t
y
l
n
s
.
'
o
o
o
s
r
e
s
e
r
v
e
A
s
a
t
A
p
r
i
l
z
o
o
8
z
z
,
a
6
a
,
z
6
;
z
,
6
o
o
,
o
o
o
,
<
,
|
z
z
;
<
,
o
o
o
z
,
a
8
,
a
<
z
8
,
8
o
;
,
o
8
a
S
h
u
r
e
o
p
t
l
o
n
s
e
x
e
r
c
l
s
e
d
6
c
,
8
6
c
,
8
R
e
p
u
r
c
h
u
s
e
o
f
o
r
d
l
n
u
r
y
s
h
u
r
e
s
(
z
,
z
=
,
c
c
c
)
(
z
,
z
=
,
c
c
c
)
P
r
o
f
l
t
f
o
r
t
h
e
y
e
u
r
,
-
6
-
,
z
,
z
,
-
6
-
,
z
,
z
l
l
n
u
l
d
l
v
l
d
e
n
d
p
u
l
d
z
c
c
,
j
c
8
(
6
-
6
,
c
c
-
)
(
6
-
6
,
c
c
-
)
l
n
t
e
r
l
m
d
l
v
l
d
e
n
d
p
u
l
d
z
c
c
8
j
c
,
z
,
,
)
(
,
z
,
,
)
A
s
a
t
|
M
a
r
c
h
z
o
o
z
z
,
<
z
<
,
o
8
z
,
6
o
o
,
o
o
o
,
<
,
|
z
z
;
<
,
o
o
o
z
,
|
|
|
,
|
z
<
z
,
o
<
z
,
;
<
<
S
h
u
r
e
o
p
t
l
o
n
s
e
x
e
r
c
l
s
e
d
,
,
,
z
,
,
z
z
P
r
o
f
l
t
f
o
r
t
h
e
y
e
u
r
,
6
6
,
c
=
,
6
6
,
c
=
l
l
n
u
l
d
l
v
l
d
e
n
d
p
u
l
d
z
c
c
8
j
c
(
6
,
-
=
-
)
(
6
,
-
=
-
)
l
n
t
e
r
l
m
d
l
v
l
d
e
n
d
z
c
c
,
z
-
z
,
z
8
)
(
,
z
-
z
,
z
8
)
A
s
a
t
|
M
a
r
c
h
z
o
o
z
|
,
|
z
z
,
a
o
o
z
,
6
o
o
,
o
o
o
,
<
,
|
z
z
;
<
,
o
o
o
<
,
<
o
,
;
a
z
|
z
,
6
6
;
,
a
6
a
l
l
g
u
r
e
s
l
n
b
r
u
c
k
e
t
s
l
n
d
l
c
u
t
e
d
e
d
u
c
t
l
o
n
s
.
1
h
e
u
c
c
o
u
n
t
l
n
g
p
o
l
l
c
l
e
s
u
n
d
n
o
t
e
s
u
s
s
e
t
o
u
t
l
n
p
u
g
e
s
z
t
o
-
z
f
o
r
m
u
n
l
n
t
e
g
r
u
l
p
u
r
t
o
f
t
h
e
s
e
f
l
n
u
n
c
l
u
l
s
t
u
t
e
m
e
n
t
s
.
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
z
. ACCOUN1INCPOLICILS
'ohn leells Eoldlngs PLC, ls u publlc llmlted llublllty
compuny lncorporuted und domlclled ln Srl Lunku und llsted
on the Colombo Stock Lxchunge. 1he reglstered offlce und
prlnclpul pluce of buslness of the compuny ls locuted ut -c,
Clennle Street, Colombo z.
Crdlnury shures of the compuny ure llsted on the Colombo
Stock Lxchunge. Clobul deposltory recelpts (CLRs) of 'ohn
leells Eoldlngs PLC, ure llsted on the Luxembourg Stock
Lxchunge.
ln the unnuul report of the 8ourd of dlrectors und ln the
flnunclul stutements, the compuny refers to 'ohn leells
Eoldlngs PLC, us the holdlng compuny und the group
refers to the compunles whose uccounts huve been
consollduted thereln. 1he flnunclul stutements for the yeur
ended - Murch zcc were uuthorlsed for lssue by the
dlrectors on z Muy zcc.
'ohn leells Eoldlngs PLC, becume the holdlng compuny of
the group durlng the flnunclul yeur ended - Murch 86.
1he prlnclpul uctlvltles of the group ure stuted ln the unnuul
report of the 8ourd of dlrectors.
1he flnunclul stutements ure presented ln Srl Lunkun
rupees, whlch ls the group's functlonul und presentutlon
currency, except for certuln subsldlurles und ussoclutes
whose functlonul currency ls dlfferent us they operute ln
dlfferent economlc envlronments.
All vulues presented ln the flnunclul stutements ure ln Srl
Lunku rupees thousunds (Rs.'ccc) unless otherwlse
lndlcuted.
1he slgnlflcunt uccountlng pollcles ure belng dlscussed
below.
.. CLNLRAL POLICILS
... Statement of compliance
1he bulunce sheet, stutement of lncome, stutement of
chunges ln equlty und the cushflow stutement, together
wlth the uccountlng pollcles und notes (the flnunclul
stutements) huve been prepured ln compllunce wlth the
Srl Lunku Accountlng Stundurds (SLAS) lssued by the
lnstltute of Churtered Accountunts of Srl Lunku und the
requlrement of the Compunles Act No. , of zcc,.
..z. 8asis of preparation
1he flnunclul stutements, presented ln Srl Lunku rupees,
huve been prepured on un uccruul busls und under the
hlstorlcul cost conventlon unless stuted otherwlse.
..| Significant accounting [udgments, estimates and
assumptions
1he prepurutlon of Croups consollduted und Compuny
flnunclul stutements ln conformlty wlth SLAS, requlres
munugement to muke judgments, estlmutes und
ussumptlons thut uffect the uppllcutlon of uccountlng
pollcles und the reported umounts of ussets, llubllltles,
lncome und expenses und the dlsclosure of contlngent
llubllltles, ut the reportlng dute. Eowever, uncertulnty
ubout these ussumptlons und estlmutes could result ln
outcomes thut requlre muterlul udjustments to the currylng
umounts of the usset or llublllty uffected ln future perlods.
1he judgments, estlmutes und underlylng ussumptlons ure
bused on hlstorlcul experlence und vurlous other fuctors
thut ure belleved to be reusonuble under the clrcumstunces,
the results of whlch form the busls of muklng the
judgments, estlmutes und ussumptlons ubout the currylng
umount of ussets, llubllltles und contlngent llubllltles thut
ure not reudlly uppurent from other sources.
1he judgments, estlmutes und underlylng ussumptlons ure
revlewed on un ongolng busls. Revlslons to uccountlng
estlmutes ure recognlsed ln the perlod ln whlch the
estlmute ls revlsed lf the revlslon uffects only thut perlod, or
ln the perlod of the revlslon und future perlods lf the
revlslon uffects both current und future perlods.
'udgments, estlmutes und ussumptlons mude by
munugement ln the uppllcutlon of SLAS thut could huve u
slgnlflcunt effect on the flnunclul stutements ure mentloned
below.
Policy Note
vuluutlon of property, plunt & equlpment .=. z
vuluutlon of lnvestment property .=.-
vuluutlon of lntunglble ussets .=. =
Leferred tux ..z ,
lmpulrment of ussets .=.6 z,=,6
lnsurunce provlslon llfe .6.- =
lnsurunce provlslon generul .6. =
vuluutlon of employee beneflt llubllltles .6. 8
Provlslons, contlngent ussets und
contlngent llubllltles .6.6 -=
..a. Changes in accounting policies
1he uccountlng pollcles udopted ure conslstent wlth those
of the prevlous flnunclul yeur other thun the uccountlng
pollcy on reseurch und development costs us stuted ln
uccountlng pollcy No. .=..z on softwure, whlch wus
udopted durlng the yeur.
..<. Comparative information
Prevlous yeurs' flgures und phruses huve been reurrunged,
wherever necessury, to conform to the current yeur's
presentutlon.
..6. Lvents after the balance sheet date
All muterlul post bulunce sheet events huve been
consldered und upproprlute udjustments or dlsclosures
huve been mude ln the respectlve notes to the flnunclul
stutements.
.z. CONSOLIDA1IONPOLICY
.z.. 8asis of consolidation
1he consollduted flnunclul stutements lnclude the flnunclul
stutements of the compuny, lts subsldlurles und other
compunles over whlch lt hus control und huve been prepured
ln compllunce wlth the group's uccountlng pollcles.
NO1LS 1O1BL IINANCIAL S1A1LMLN1S
All lntru group bulunces, lncome und expenses und proflts
und losses resultlng from lntru group trunsuctlons thut ure
recognlsed ln ussets, llubllltles, lncome und expenses ure
ellmlnuted ln full.
.z.z. Acquisitions and divestments
Acqulsltlons of subsldlurles ure uccounted for uslng the
purchuse method of uccountlng. 1he results of subsldlurles,
jolnt ventures und ussoclutes ucqulred or lncorporuted
durlng the yeur huve been lncluded from the dute of
ucqulsltlon or lncorporutlon, whlle results of subsldlurles,
jolnt ventures und ussoclutes dlsposed, huve been lncluded
up to the dute of dlsposul.
.z.|. Subsidiaries
Subsldlurles ure those enterprlses controlled by the purent.
Control exlsts when the purent holds more thun =c of the
votlng rlghts or otherwlse hus u controlllng lnterest.
1he followlng compunles, wlth equlty control less thun =c,
huve been consollduted us subsldlurles bused on the power
to govern the flnunclul und operutlng pollcles of those
entltles.
Bolding
LEL leells (Pvt) Llmlted =c.cc
1runswure Loglstlcs (Pvt) Llmlted =c.cc
Muck Alr Servlces Muldlves (Pte) Llmlted .cc
1eu Smullholder luctorles PLC -,.6z
Subsldlurles ure consollduted from the dute the purent
obtulns control untll the dute thut control ceuses.
Subsldlurles consollduted huve been llsted ln the group
dlrectory.
1he followlng subsldlurles huve been lncorporuted outslde
Srl Lunku:
Country of Name
Incorporation
lndlu 'ohn leells Alr Servlces lndlu (Pvt) Ltd
'ohn leells loods lndlu (Pvt) Ltd
'ohn leells Loglstlcs lndlu (Pvt) Ltd
Serene Eollduys (Pvt) Ltd
Muurltlus Auxlcogent Alphu (Pvt) Ltd
Auxlcogent Eoldlngs (Pvt) Ltd
Auxlcogent lnternutlonul (Pvt) Ltd
Auxlcogent lnvestments Muurltlus (Pvt) Ltd
'ohn leells Eotels Muurltlus (Pvt) Ltd
'ohn leells Eoldlngs Muurltlus (Pvt) Ltd
leells lood Products Muurltlus (Pvt) Ltd
Republlc of
Muldlves luntuseu vorld lnvestments (Pte) Ltd
'ohn leells Muldlvlun Resorts (Pte) Ltd
Muck Alr Servlces Muldlves (Pte) Ltd
1runqulllty (Pte) Ltd
1ruvel Club (Pte) Ltd
Slngupore 'ohn leells Slngupore (Pte) Ltd
Unlted llngdom 'ohn leells Computer Servlces (Ul) Ltd
USA Auxlcogent lnternutlonul US lnc
1he totul proflts und losses for the perlod of the compuny
und of lts subsldlurles lncluded ln consolldutlon, und ull
ussets und llubllltles of the compuny und of lts subsldlurles
lncluded ln consolldutlon, ure shown ln the consollduted
lncome stutement und bulunce sheet respectlvely.
Mlnorlty lnterest whlch represents the portlon of proflt or
loss und net ussets not held by the group, ure shown us u
component of proflt for the perlod ln the lncome stutement
und us u component of equlty ln the consollduted bulunce
sheet, sepurutely from purent shureholders' equlty.
1he consollduted cush flow stutement lncludes the cush
flows of the compuny und lts subsldlurles.
.z.a. 1oint venture
A jolnt venture ls u contructuul urrungement, whereby the
group und other purtles undertuke un economlc uctlvlty
thut ls subject to jolnt control. 1he group recognlses lts
lnterest ln the jolnt venture uslng the proportlonute
consolldutlon method. 1he group's shure of euch of the
ussets, llubllltles, lncome und expenses of the jolnt venture
ure comblned wlth slmllur ltems, llne by llne, ln the
consollduted flnunclul stutements.
lnformutlon Systems Assoclutes (u jolnt venture) hus been
lncorporuted ln Unlted Arub Lmlrutes.
.z.<. Associates
Assoclutes ure those lnvestments over whlch the group hus
slgnlflcunt lnfluence und holds zc to =c of the equlty und
whlch ure nelther subsldlurles nor jolnt ventures of the
group.
1he group ceuses to use the equlty method of uccountlng
on the dute fromwhlch lt no longer hus slgnlflcunt lnfluence
ln the ussoclute.
Assoclute compunles of the group whlch huve been
uccounted for under the equlty method of uccountlng ure:
Muersk Lunku (Pvt) Ltd
Nutlons 1rust 8unk PLC
South Aslu Cutewuy 1ermlnuls (Pvt) Ltd
Cuutrro 8uslness Support Servlces (Pvt) Ltd
Cuutrro llnunce & Accountlng Solutlons (Pvt) Ltd
Centrul Eospltul (Prlvute) Ltd, (consollduted us un
ussoclute from 6 Lecember zcc)
All ussoclutes ure lncorporuted ln Srl Lunku, except for
Cuutrro 8uslness Support Servlces (Pvt) Ltd und Cuutrro
llnunce & Accountlng Solutlons (Pvt) Ltd whlch ure
lncorporuted ln lndlu.
1he lnvestments ln ussoclutes ure currled ln the bulunce
sheet ut cost plus post ucqulsltlon chunges ln the group's
shure of net ussets of the ussoclutes. Coodwlll relutlng to
un ussoclute ls lncluded ln the currylng umount of the
lnvestment. After uppllcutlon of the equlty method, the
group determlnes whether lt ls necessury to recognlse uny
uddltlonul lmpulrment loss wlth respect to the group's net
lnvestment ln the ussoclute. 1he lncome stutement reflects
the shure of the results of operutlons of the ussoclute.
vhere there hus been u chunge recognlsed dlrectly ln the
equlty of the ussoclute, the group recognlses lts shure of
uny chunges ln the stutement of chunges ln equlty.
NO1LS 1O 1BL IINANCIAL S1A1LMLN1S
-
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
Croup Company
As at ,st Varcn Note zoo zoo zoo zoo
ln s.'ooos estateJ
6.o Movement in equity investments
At the beglnnlng of the yeur c,zc,-z
Reversul of prlor perlod udjustment SAC1 - (66,-)
At the beglnnlng of the yeur (estateJ) |,z,8o c,c=,c z;,;|,|8 z-,,68,cc8
Addltlons |;6,oo z,,z8,6c z,|;6,< ,,,c6z
New ucqulsltlons ,ooo,ooo 6=,8- oo,ooo
Llsposuls trunsfers (;,aoo) (,cc,8z6) (<o,|8z) (,,,8)
Net movement ln full ln vulue of lnvestments j lmpulrment (|,o) (z,cc8) (|,o8) (6c,z6-)
Adjustment on uccount of ussoclute compuny shure of net ussets (o|,66|) =,=-c
Shure of results of ussoclutes net of dlvldend <6,;<| =8=,,,z
At the end of the yeur a,az,a8 -,z,8c |o,6z,<o8 z,,,-,-8
1otul vulue of lnvestments lncludlng subsldlurles <o,;;,a6 6,,6,66, |o,6z,<o8 z,,,-,-8
Croup lnvestments consollduted (|6,<<6,a6<) (--,68,866)
1otul vulue of equlty lnvestments a,az,a8 -,z,8c |o,6z,<o8 z,,,-,-8
Croup Company
As at ,st Varcn zoo zoo zoo zoo
ln s.'ooos
6. Other investments
Asset bucked securltles -,=cc
8unk deposlts oo,ooo cc,ccc
Lebentures ,|o,ooo ,-=,ccc
Covernment securltles ;,o;8,o|6 6,,,z ,-,=8,
8,|o8,o|6 8,6-8,zz ,-,=8,
Croup
Assets Liabilities
As at ,st Varcn zoo zoo zoo zoo
ln s.'ooos
; DLILRRLD 1AX
At the beglnnlng of the yeur a;,8a6 ,c, ;;;,z|6 ,-6,c=
New ucqulsltlons -,c8=
Credlt j churge |a,z8 =z,6zz a,aaz z-,z
1runsfers j exchunge trunslutlon dlfference ; ,=c 6a ,
At the end of the yeur 8z,z<z ,,86 ;8,;az ,,,,z-6
1he closlng deferred tux usset & llublllty bulunces relutes to the followlng:
Revuluutlon of lund und bulldlng to fulr vulue (o,8|) (c,8-) z8,;a| z,--
Revuluutlon of lnvestment property to fulr vulue a|,6; -,6,
Acceleruted depreclutlon for tux purposes (a;,a|) (,,=6=) <;;,66< =8,c-c
Lmployee beneflt llubllltles 6o,6|8 ==,--8 (|;,a|a) (,=6)
Losses uvulluble for offset ugulnst future tuxuble lncome z;,o< zc,,88 (<a,a||) (=z,,=,)
Cthers 8,;|< -,c68 <|,<8a -c,c
8z,z<z ,,86 ;8,;az ,,,,z-6
;. 1he group hus tux losses umountlng to Rs. =,z86 mn (zcc Rs. -,-z mn) thut ure uvulluble lndeflnltely for offset ugulnst future
tuxuble proflts of the respectlve compunles ln whlch the tux losses urose.
;.z Leferred tux ussets umountlng to Rs. ,z mn (zcc z6z mn) for the group und Rs. =, mn (zcc Rs. =,c mn) for the compuny
huve not been recognlsed slnce the compunles do not expect these ussets to reverse ln the foreseeuble future.
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
z
;.| Deferred tax for tax holiday companies
Srl Lunku Accountlng Stundurd SLAS on lncome 1uxes does not speclfy the recognltlon und meusurement of deferred tux for
compunles whlch enjoy tux hollduys under locul jurlsdlctlons.
Sectlon , of the 8ourd of lnvestment LuwNo of ,8, under whlch 1he 8ourd of lnvestment (8Cl) ln Srl Lunku ls set up, hus glven
the 8Cl the power to grunt exemptlons from the lnlund Revenue Act. 1he 8Cl on enterlng lnto ugreement wlth entltles ln the
group hus stuted thut the provlslons of the lnlund Revenue Act shull not upply to the lmposltlon, puyment und recovery of lncome
tuxes, ln respect of the proflts und lncome of the enterprlse, durlng the perlod of the tux exemptlon. lor certuln compunles the
8Cl hus glven the optlon to puy tux us u percentuge of turnover or ut u concesslonury rute ufter the explrutlon of the tux hollduy
perlod.
1he Urgent lssues 1usk lorce (Ul1l) of the lnstltute of Churtered Accountunts of Srl Lunku ls ut present lnterpretlng the
uppllcublllty of SLAS to compunles under 8Cl tux hollduys und the mutter ls stlll under conslderutlon us ut the bulunce sheet dute.
8used on expert oplnlons recelved, the group ls of the vlew thut no provlslon for deferred tux ls necessury durlng the tux hollduy
perlod.
Croup Company
As at ,st Varcn Note zoo zoo zoo zoo
ln s.'ooos
8 O1BLR NONCURRLN1 ASSL1S
8ottle stocks |o8,6<a -c,,6
Louns to executlves 8. <8<,oa< 6z-,c az,o; 6-,,c
Louns to llfe pollcyholders zz6,86z zc,-6c
Louns to subsldlurles 8,ooo z,ccc
vorklnprogress of upurtments <6,<6 =66,z6c
Cthers 8,ooo 6,=cc
,;za,;; ,,,ccc 6o,o; 8,,c
8. Loans to executives
At the beglnnlng of the yeur ;;<,|z -6,c6 8z,z =8,=c
New ucqulsltlons z-,-z
Louns grunted j trunsfered z6,;|| z8z,68 |,6a =,886
Louns recovered (|oa,68a) (6,6,6) (z6,<o8) (z,=)
At the end of the yeur ;|z,aa ,,=,-z 6o,o8 8z,z
Recelvuble wlthln one yeur a;,|6 =,88 8,o ,,z
Recelvuble between one und flve yeurs <8<,oa< 6z-,c az,o; 6-,,c
;|z,aa ,,=,-z 6o,o8 8z,z
Croup Company
As at ,st Varcn zoo zoo zoo zoo
ln s.'ooos
INvLN1ORILS
Ruw muterluls 8|,o|z ,-,8c
vorklnprogress z,8,==
llnlshed goods ,az,|< ,z6,
Produce stocks <|,<8o c,=,6
Cther stocks a66,| zz,,== ;;8 8c
z,z<,o66 z,z=,-c- ;;8 8c
Croup Company
As at ,st Varcn Note zoo zoo zoo zoo
ln s.'ooos
o 1RADL AND O1BLR RLCLIvA8LLS
1rude und other recelvubles 6,ao;,6o =,6-8,8= 86,o6| ,,=-c
Relnsurunce recelvubles c. o,|< -,=z8
Premlum recelvuble c.z 8o,;|a 8-,c-
1ux refunds ,66;,;z ,cc,,- a,a ,
Louns to executlves 8. a;,|6 =,88 8,o ,,z
,||,;;; ,cz,,6=- 8a8,zz| ,,,,8-
NO1LS 1O 1BL IINANCIAL S1A1LMLN1S
-
Croup
As at ,st Varcn zoo zoo
ln s.'ooos
o. Reinsurance receivables
Relnsurunce recelvubles on outstundlng clulms 8a,6oa 88,88-
Relnsurunce recelvubles on settled clulms net of dues <|,|8 6,--=
Provlslon for bud debts (,68;) (,6c)
o,|< -,=z8
o.z Premium receivable
Premlum recelvuble 88,;6< c,c,
Less: Provlslon for bud debts (8,o|) (8,c-)
8o,;|a 8-,c-
Croup Company
As at ,st Varcn Note zoo zoo zoo zoo
ln s.'ooos
SBOR1 1LRM INvLS1MLN1S
Asset bucked securltles 6,ooo -c,=cc
Lebentures z6<,ooo -,,6,
8unk deposlts 6,||,|< -,c-,8c8 <,|,8o ,c,,zz
Covernment securltles z,,zo ,8zc,=z a,;;8,;8< -=,,c,
Cuoted equltles ut murket vulue . a6,o =c,=c
,|oo,<6 =,-,,-, o,;;,6< ,-,-6-
Croup
Number Cost Market value
As at ,st Varcn of shares zoo zoo zoo zoo
ln s.'ooos
. Ouoted equities at market value
Altken Spence Eotel Eoldlngs PLC. cc,ccc z,aza ,,- |8,<oo ,,==
Altken Spence PLC. 6,ccc z,8a z6,=c 8;,zo z,z
Centrul llnunce Compuny PLC. =,,zcc a,z<< c,=8 zz,|o8 ,,=c=
Eemus Eoldlngs PLC. 8,=c 6,;o8 6,,c8 ,;|8 ,88
1okyo Cement Compuny (Lunku) PLC. =,,8cc ;,8; ,,8, a,a 6,,z
1okyo Cement Compuny (Lunku) PLC. Non votlng ,cc,ccc ,|8 z,az<
Commerclul 8unk of Ceylon PLC. cc,ccc <,z8o zo,;<
Commerclul 8unk of Ceylon PLC. Non votlng ,,8cc zo,|a z8,8z
Eutton Nutlonul 8unk PLC. Non votlng -8,ccc |a,aa< <|,|ao
Sumputh 8unk PLC. =,zcc z8,6; |<,|az
Llstlllerles Compuny of Srl Lunku PLC. =,ccc ,;< |,<;o
Colombo Lockyurd PLC. =z,ccc |,68 az,8z6
Chevron Lubrlcunts Lunku PLC. -6,ccc o,ooa z|,zo
Royul Cerumlcs Lunku PLC. -=,,6cc z|,aa8 ao,ao
Llulog 1elecom PLC. z,8cc,ccc <,<< 8,oo
z6,|86 =8,6-6 a6,o =c,=c
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
Croup Company
As at ,st Varcn Note zoo zoo zoo zoo
ln s.'ooos
z INCOML 1AX LIA8ILI1ILS
At the beglnnlng of the yeur <a,|6z -z8,c
Provlslon -c. ;o6,|; ,z,,,66 6,6o8 =,,c--
New ucqulsltlons zc,c,
Puyments und set off ugulnst refunds (;66,ao) (6z,=) (6,6o8) (=,,c--)
Lxchunge trunslutlon dlfference z|
At the end of the yeur a<a,zz =,-6z
Croup
As at ,st Varcn zoo zoo
ln s.'ooos
zz SBOR1 1LRM 8ORROWINCS
Louns <o,ooo c,ccc
<o,ooo c,ccc
Croup Company
|or tne year enJeJ ,st Varcn zoo zoo zoo zoo
ln s.'ooos
z| RLvLNUL
z|. Revenue
Cross revenue a8,|o,z; ,-8,-c6 <aa,| =8,,-z
1urnover tux (ao,z|) (-=8,,86)
Net revenue a;,8o,ooa ,czz,=zc <aa,| =8,,-z
|or tne year enJeJ ,st Varcn zoo zoo
Sale of Rendering of 1otal Sale of Rendering of 1otal
goods services revenue goods services revenue
ln s.'ooos
z|.z 8usiness segment analysis
1runsportutlon ;,8o,6a ,68a,oo| ,aa,6<z ,,,,6c- ,6=,z ,z,8
Lelsure ,a,;|z ,a,;|z ,66z,-8 ,66z,-8
Property ,6zo,o|o ,6zo,o|o ,=,8,-z ,=,8,-z
Consumer loods & Retull 6,;a|,6a ,o,8;| <,8a|,a8; 6,c,,,= ,,,zz,= ,-c,zc
llnunclul Servlces <,z6z,z< <,z6z,z< ,-, ,-,
lnformutlon 1echnology z|,z<a <<,;;; ,a|,o| ,- 686,c ,6c=,=-=
Cthers z,8zo,8z z,8zo,8z z,c-,,- z,c-,,-
Croup revenue <,a;;,<; |z,<oz,a8; a;,8o,ooa ,,c,,,8z z-,,,,-8 ,czz,=zc
Croup
|or tne year enJeJ ,st Varcn zoo zoo
ln s.'ooos
z|.| Ceographical segment analysis (by location of customers)
Srl Lunku ao,za,aaa -,=z-,z8
Aslu (excludlng Srl Lunku) <,<6o,aa; ,,6-,686
Lurope ,z,|a ,6z-,-=8
Cthers z<;,;6a z,zz8
1otul group externul revenue a;,8o,ooa ,czz,=zc
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
zc
Croup Company
|or tne year enJeJ ,st Varcn zoo zoo zoo zoo
ln s.'ooos
za DIvIDLND INCOML
lncome from lnvestments ln reluted purtles |,<||,a z,z,,88
lncome from other lnvestments a|,< =-,,6= |,6|< =z,8,
a|,< =-,,6= |,<;|,<;6 z,8z,68=
Croup Company
|or tne year enJeJ ,st Varcn zoo zoo zoo zoo
ln s.'ooos
z< O1BLR OPLRA1INC INCOML
lnterest lncome z,a6,|| z,z6=,66- ,zo6,a8a ,8z,,-
Negutlve goodwlll on ucqulsltlons ao,| 6,-,,
Culn on dlsposul of rlghts ln subsldlurles a6,<< ;<o,;<
Lxchunge guln z,<z z8z,c= ,ao =,z=8
lnsurunce clulms 8,|; 6,8=
Culn on sule of property, plunt & equlpment z<,o<| -,,=c o -,8zc
Proflt on sule of lnvestments a,;;6 -8,z zz,oaa -,,c-,
Sundry lncome 6|;,z8 c=,-6 a,o;6 ,,6-
<,ozo,;a< -,,-=,cz z,zo<,o8 ,c,6,
z6 O1BLR OPLRA1INC LXPLNSLS
Cther operutlng expenses conslsts mulnly of power und energy costs, repulrs und mulntenunce expendlture of the group.
Croup Company
|or tne year enJeJ ,st Varcn zoo zoo zoo zoo
ln s.'ooos
z; IINANCL LXPLNSLS
lnterest expense on borrowlngs
Long term ,6z< ,z-,8-, 6;6,z8 886,c
Short term |;8,<| 8,-cz ao,|ao z6,=
,|;o,<6 ,6=,- ;6,6z -,cc
Croup Company
|or tne year enJeJ ,st Varcn zoo zoo zoo zoo
ln s.'ooos
z8 PROII1 ON SALL OI NONCURRLN1 INvLS1MLN1S
Assocluted Motorwuys PLC. ,cz=,,, ,zc,8c-
,cz=,,, ,zc,8c-
Croup Company
|or tne year enJeJ ,st Varcn zoo zoo zoo zoo
ln s.'ooos
z PROII1 8LIORL 1AX
Proflt before tux ls stuted ufter churglng ull expenses lncludlng the followlng:
Remunerutlon to executlve dlrectors a;,zo z=,8 6,<o z,6zc
Remunerutlon to nonexecutlve dlrectors za,z< z,=z ,zo ,c,-
Audltors remunerutlon
Audlt z,6| z-,, a,6zz -,=,z
Nonuudlt 6,||a 6,6, zaa z6z
Costs of deflned employee beneflts
Leflned beneflt plun cost ,6< 6=,,88 ,;a =,,=
Leflned contrlbutlon plun cost LPl und L1l a|<,;z -8=,8=z ao,6;| -,=z=
Stuff expenses <,|a,|<< ,8cz,,== za,8<z z,=
Lepreclutlon of property, plunt & equlpment ,;|6,8<| ,6c, oz,;az 6,8
Amortlsutlon of lntunglble ussets zz6,8a ,8 <,;
Lerecognltlon j lmpulrment losses on property, plunt &
equlpment und lnvestment zo,<< cc,- |,o8 6c,z6-
Cperutlng leuse puyments ,|6,8|; ,z-
Lonutlons ,68 -,== o,a8
NO1LS 1O 1BL IINANCIAL S1A1LMLN1S
z
Croup Company
|or tne year enJeJ ,st Varcn Note zoo zoo zoo zoo
ln s.'ooos
|o 1AX LXPLNSL
Current income tax
Current tux churge ,6o ,,,z,6 ==,68z
(Cver)junder provlslon of current
tux of prevlous yeurs z,;a =zc,zz 6,6o8 ,-=
Lconomlc servlce churge -c.z 8,;6| (8,-8)
c vlthholdlng tux on lnter compuny dlvldends |,z|a cz,z8,
Deferred income tax
Relutlng to orlglnutlon und reversul of
temporury dlfferences -c.- (|;,8) (8,,=)
8<,zao ,-z6,=c 6,6o8 =,,c--
Croup Company
|or tne year enJeJ ,st Varcn zoo zoo zoo zoo
ln s.'ooos estateJ
|o. Reconciliation between tax expense and the product of accounting profit
Proflt before tux 6,<|;,<<< 6,z,zc a,6;;,66; ,zc,-c=
Llvldend lncome from group compunles |,86,66< z,6z,6z
Shure of results of ussoclutes (z,<<<,86;) (z,-c,z,)
Cther consolldutlon udjustments (za;,66o) (-=,-c,)
;,6o|,6| 6,-z8,8 a,6;;,66; ,zc,-c=
Lxempt proflts (,|<<,;6<) (,zc8,6) (a6;,oaa) (,6)
Proflts not churged to lncome tux (,88,8) (,-6,68) (;;o,a8|) (,z6,8-)
Resldent dlvldend (|,;z<,;<) (z,6-=,8-z) (|,<;|,<;6) (z,8z,68=)
Accountlng proflt j (loss) churguble to lncome tuxes ,|||,z< ,z,686 (||,a|6) 6,-,
1ux effect on churgeuble proflts az8,z; -,88= (a6,;o|) 68,,c
1ux effect on non deductlble expenses ;,66a ,,8c 66,68; 88,
1ux effect on deductlons clulmed (;o,z<) (z,c=) (<<,8|) (=,8)
Net tux effect of unrecognlsed deferred tux ussets for the yeur ;,|8 6,z-
Net tux effect of unrecognlsed deferred tux ussets for prlor yeurs (6,zo) (6,c,) |<, (=c,)
1ux effect on rute dlfferentluls (;,|68) (8,z8z)
Consolldutlon udjustments
(Cver)junder provlslon for prevlous yeurs z,;a =zc,zz 6,6o8 ,-=z
Cther lncome bused tuxes
Lconomlc servlce churge 8,;6| (zc-)
Soclul responslblllty levy ,|| c,- 8z-
lrlnge beneflt tux (lndlun compunles) zo z,z,
c vE1 on lnter compuny dlvldends |,z|a cz,z8,
Current und deferred tux shure of ussoclutes ,;o c,,
8<,zao ,-z6,=c 6,6o8 =,,c--
lncome tux churged ut
Stundurd rute -= 6az, =6,,, =,8=8
Concesslonury Rute of = ao,|| 6,c6
CffShore dlvldend c ,8o<
CffShore proflts ut vurylng rutes ,,
(Cver)junder provlslon for prevlous yeurs z,;a =zc,zz 6,6o8 ,-=z
;o6,|; ,--,6 6,6o8 =6,zc
Leferred tux churge j (reversul) (|a,;) (z,z)
Cther lncome bused tuxes
Lconomlc servlce churge 8,;6| (zc-)
Soclul responslblllty levy ,|| c,- 8z-
lrlnge beneflt tux (lndlun compunles) zo z,z,
c vE1 on lnter compuny dlvldends |,z|a cz,z8,
Current und deferred tux shure of ussoclutes ,;o c,,
1otul lncome tux expense 8<,zao ,-z6,=c 6,6o8 =,,c--
Croup tux expense ls bused on the tuxuble proflt of lndlvlduul compunles wlthln the group. At present the tux luws of Srl Lunku do
not provlde for group tuxutlon.
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
zz
Croup
|or tne year enJeJ ,st Varcn zoo zoo
ln s.'ooos
|o.z Lconomic service charge (LSC)
LSC wrlttenoffj(wrltten buck) 8,;6| (zc-)
Shure of ussoclute compuny LSC (8,z-=)
8,;6| (8,-8)
Croup
|or tne year enJeJ ,st Varcn zoo zoo
ln s.'ooos
|o.| Deferred tax expense
Income statement
Leferred tux expense urlslng from
Acceleruted depreclutlon for tux purposes z6,a8| (-c,,=)
Revuluutlon of lnvestment property to fulr vulue ,,c
Lmployee beneflt llubllltles (z|,z;8) (z,8,)
8eneflt urlslng from tux losses (6a,6|) (,6,-z,)
Cthers z;,<6 ,6-=
(|a,;) (z,z)
Shure of ussoclute compuny deferred tux (o|,6a) z,,=-=
Deferred tax charge j (credit) (|;,8) (8,,=)
Statement of changes in equity
Leferred tux expense urlslng from revuluutlon of lund und bulldlng to fulr vulue a,|<o 8-,=8
1otal deferred tax charge j (credit) (||,<a) (,,=)
Leferred tux hus been computed ut -= for ull stundurd rute compunles (lncludlng llsted compunles) und ut rutes us dlsclosed ln
note -c.6 und -c.,.
1emporury dlfferences ussocluted wlth lnvestments ln subsldlurles, ussoclutes und jolnt ventures, for whlch u deferred tux llublllty
hus not been recognlsed, umounts to Rs. ,c mn (zcc Rs. ,66- mn). 1he deferred tux effect on undlstrlbuted reserves of
subsldlurles hus not been recognlsed slnce the purent cun control the tlmlng of the reversul of these temporury dlfferences. 1he
deferred tux llublllty on temporury dlfferences relutlng to undlstrlbuted proflts of ussoclutes hus not been recognlsed us there ls
no current lntentlon of dlstrlbutlng retulned eurnlngs to the holdlng compuny.
Eowever, the group hus recognlsed the deferred tux lmpuct pertulnlng to the current yeur on declured dlvldends of subsldlurles
und ussocluted umountlng to Rs. ,c mllllon.
Croup Company
|or tne year enJeJ ,st Varcn zoo zoo zoo zoo
ln s.'ooos
|o.a 1ax losses carried forward
1ux losses brought forwurd |,|z8,;|a z,68,cz ,za,66z ,zc,=8
Adjustments on flnullsutlon of llublllty a<,<| (,,) |,z8a (c,c,8)
1ux losses urlslng durlng the yeur ;;8,oz 8c6,,,,
Utlllsutlon of tux losses (z|<,6o) (z=,=z) (c=,8c8)
Adjustments due to ucqulsltlons j dlsposuls j mergers ,|68,<<| c,-8z
<,z86,oz -,-z8,,- ,<<,a6 ,z,66z
Year of Cost of Relief Liability to
investment approved claimed additional
investment investments tax on
disposal of
Investment
|o.< Details of investment relief
Compuny jzccc =,,c-6 z8,z,c
1he compuny ls ellglble for quullflng puyment rellef grunted under Sectlon -(z)(s) of the lnlund Revenue Act No z8 of , und the
trunsltlonul povlslons ut Sectlon z8 of the lnlund Revenue Act No c of zcc6. 1he compuny hus currled forwurd the unclulmed
lnvestment rellef for set off ln future yeurs.
NO1LS 1O 1BL IINANCIAL S1A1LMLN1S
z-
|o.6 Applicable rates of income tax
1he tux llublllty of resldent compunles ure computed ut the stundurd rute of -= except for the followlng compunles whlch enjoy full or
purtlul exemptlons und concesslons.
Company j Sector 8asis Lxemptions j Period
concessions
Lxemptions j concessions granted under the Inland Revenue Act
Ceylon Cold Stores PLC. CffShore uctlvltles for puyment Lxempt Cpenended
ln forelgn currency
'ohn leells Computer Servlces (Pvt) Ltd. do do do
'ohn leels Cfflce Automutlon (Pvt) Ltd. do do do
leells Eotel Munugement Servlces Ltd. do do do
leells Shlpplng (Pvt) Ltd. do do do
vulkers 1ours Ltd. do do do
'ohn leells Computer Servlces (Pvt) Ltd. Cnshore uctlvltles for puyment Lxempt Cpenended
ln forelgn currency
Ceylon Cold Stores PLC. Munufucture of dulry produce Lxempt Upto - Murch zc
Lunku Murlne Servlces (Pvt) Ltd. Lxport conslgnment sules of
Petroleum Products c Cpenended
Lelsure Sector Promotlon of tourlsm = Cpenended
Mucklnnons 1ruvels (Pvt) Ltd. do do do
Consumer loods und Retull sector Cuullfled export proflts = Upto - Murch zc
Lxemptions j concessions granted under the 8oard of Investment Law
Aslun Eotels und Propertles PLC. Constructlon und operutlon of Lxempt = yeurs from Aprll 6 wlth u
offlce und upurtment complex - yeur extenslon on merger
Auxlcogent lnternutlonul Lunku (Pvt) Ltd. 8uslness j knowledge process Lxempt 8 yeurs from st yeur of proflt
outsourclng centre or z yeurs from operutlons
lnfoMute (Pvt) Ltd. Provlslon of l1 enubled servlces Lxempt - yeurs from Aprll zcc,
'ohn leells Loglstlcs (Pvt) Ltd. lntegruted supply chuln Lxempt = yeurs from Aprll zcc
munugement
1rlnco Eollduy Resorts (Pvt) Ltd. lor upgrudlng und refurblshment Lxempt c yeurs from st yeur of proflt
of u hotel ln the Lustern Provlnce or z yeurs from operutlons
South Aslu Cutewuy 1ermlnuls (Pvt) Ltd. "Port Servlces" ut Lxempt zc yeurs from September
Cueen Lllzubeth Cuuy
'ohn leells lnternutlonul (Pvt) Ltd. Reglonul operutlng heudquurters c z yeurs upto Murch zc
'ohn leells vurehouslng (Pvt) Ltd. Constructlon und operutlon = , yeurs from Aprll zcc-
of wurehouse complex
Yulu vllluge (Pvt) Ltd. Constructlon und operutlon of = = yeurs from September zcc-
sufurlstyled tourlst hotel
Other miscellaneous concessions
Lxemptlon on lnterest lncome eurned from forelgn currency denomlnuted uccounts.
Cupltul gulns from sule of shures ls excluded from churgeublllty to lncome tux.
lncome j proflts from offshore dlvldends und lnterest ls exempt from lncome tux.
|o.; Income tax rates of offshore subsidiaries
Country of incorporation Rate
lndlu 'ohn leells loods lndlu (Pvt)Ltd. -c.
'ohn leells Alr Servlces lndlu (Pvt) Ltd. -c.
'ohn leells Loglstlcs lndlu (Pvt) Ltd. -c.
Serene Eollduys (Pvt) Ltd. -c.
Muurltlus Auxlcogent Alphu (Pvt) Ltd. -(Lffectlve)
Auxlcogent Eoldlngs (Pvt) Ltd. -(Lffectlve)
Auxlcogent lnternutlonul (Pvt) Ltd. -(Lffectlve)
Auxlcogent lnvestments Muurltlus (Pvt) Ltd. -(Lffectlve)
'ohn leells Eoldlngs Muurltlus (Pvt) Ltd. -(Lffectlve)
'ohn leells Eotels Muurltlus (Pvt) Ltd. -(Lffectlve)
leells lood Products Muurltlus (Pvt) Ltd. -(Lffectlve)
Republlc of Muldlves luntuseu vorld lnvestments (Pte) Ltd. Nll
1runqulllty (Pte) Ltd. Nll
1ruvel Club (Pte) Ltd. Nll
'ohn leells Muldlvlun Resorts (Pte) Ltd. Nll
Muck Alr Servlces Muldlves (Pte) Ltd. Nll
Slngupore 'ohn leells Slngupore (Pte) Ltd. , (Mux)
Unlted Arub Lmlrutes lnformutlon System Assoclutes Nll
Unlted llngdom 'ohn leells Computer Servlces (Ul) Ltd. -c
Unlted Stutes of Amerlcu Auxlcogent lnternutlonul US lnc. -=(Mux)
Compunles lncorporuted ln lndlu were subject to u lrlnge 8eneflt 1ux (l81), churged on selected expenses ut speclfled rutes, ugulnst euch
ltem of expense. Appllcuble rutes of l81 vurled from = to cc dependlng on the ltem of expense. 1he l81 hus however been ubollshed
from ljY zccjc.
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
z
|o.8 South Asia Cateway 1erminals (Private) Limited (SAC1)
1he proflts und lncome of SAC1, un ussoclute of 'lE, ure exempt from lncome 1ux under sectlon ,(z) of the 8ourd of lnvestment
of Srl Lunku (8Cl) Luw No. of ,8. 1hls exemptlon explres ln zc yeurs from c=th September , whlch wus the dute of
commencement.
1here hus been u dlfference of oplnlon between SAC1 und the 8Cl on the lnterpretutlon of the ugreement. 1he lssue hus slnce been
referred by the 8Cl to the Controller of Lxchunge who hus conflrmed to the 8Cl thut the posltlon tuken by SAC1 ls correct. SAC1
hus ulso dlrectly recelved conflrmutlon from the Controller of Lxchunge to thls effect.
Arlslng from thls dlfference of oplnlon, the Lepurtment of lnlund Revenue hus rulsed u tux ussessment on SAC1 for zcc,jzcc8. 1he
Munugement und lts 1ux consultunts ure of the oplnlon thut SAC1 hus fully complled wlth the 8Cl ugreement und hence the
beneflts under the 8Cl ugreement huve not been prejudlced ln uny munner. Accordlngly, the munugement und lts tux consultunts
ure of the oplnlon thut the ussessment by the Lepurtment of lnlund Revenue ls ultru vlres, wlth no busls ln luw or fuct und should
therefore be wlthdruwn. A formul uppeul hus been lodged.
Croup
|or tne year enJeJ ,st Varcn Note zoo zoo
ln s.'ooos
| LARNINCS PLR SBARL
|. 8asic earnings per share
Proflt uttrlbutuble to equlty holders of the purent <,zo,a ,,-z,-c
velghted uveruge number of ordlnury shures -.- 6<,8o 6z8,8
8uslc eurnlngs per shure 8.a< ,.=z
|.z Diluted earnings per share
Proflt uttrlbutuble to equlty holders of the purent <,zo,a ,,-z,-c
Adjusted welghted uveruge number of ordlnury shures -.- 6zo,|88 6z,c88
Llluted eurnlngs per shure 8.|8 ,.=z
Croup
|or tne year enJeJ ,st Varcn zoo zoo
ln s.'ooos
|.| Amount used as denominator
Crdlnury shures ut the beglnnlng of the yeur 6,|<| 6-=,=
Repurchuse of ordlnury shures (c,6z=)
Lffect of shure optlons exerclsed a,<|; -,6
velghted uveruge number of ordlnury shures ln lssue before dllutlon 6<,8o 6z8,8
Number of shures outstundlng under the shure optlon scheme z,;; --,c-
Number of shures thut would huve been lssued ut fulr vulue (z<,a;) (--,-c)
Adjusted welghted uveruge number of ordlnury shures 6zo,|88 6z,c88
|or tne year enJeJ ,st Varcn Rs. zoo Rs. zoo
ln s.'ooos
|z DIvIDLND PLR SBARL
Lquity dividend on ordinary shares
Declared and paid during the year
llnul dlvldend* .oo 6,|<| .cc 6-6,cc-
lnterlm dlvldend** z.oo ,z|z,z8 z.cc ,z,,-
1otul dlvldend |.oo ,8a|,6az -.cc ,88-,z
* Prevlous yeurs' flnul dlvldend puld ln the current yeur.
** 1hls lncludes second lnterlm dlvldend of Rs.6 mn puld on , Aprll zcc.
NO1LS 1O 1BL IINANCIAL S1A1LMLN1S
z=
|
|
S
L
C
M
L
N
1
I
N
I
O
R
M
A
1
I
O
N
|
|
.
P
r
i
m
a
r
y
s
e
g
m
e
n
t
s
(
b
u
s
i
n
e
s
s
s
e
g
m
e
n
t
s
)
1
r
a
n
s
p
o
r
t
a
t
i
o
n
L
e
i
s
u
r
e
P
r
o
p
e
r
t
y
C
o
n
s
u
m
e
r
I
o
o
d
s
&
R
e
t
a
i
l
I
i
n
a
n
c
i
a
l
S
e
r
v
i
c
e
s
I
n
f
o
r
m
a
t
i
o
n
1
e
c
h
n
o
l
o
g
y
O
t
h
e
r
s
C
r
o
u
p
1
o
t
a
l
A
s
a
t
,
s
t
V
a
r
c
n
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
l
n
s
.
o
o
o
s
s
t
a
t
e
J
s
t
a
t
e
J
P
r
o
p
e
r
t
y
,
p
l
u
n
t
u
n
d
e
q
u
l
p
m
e
n
t
;
z
<
,
6
8
,
,
6
,
8
<
o
,
6
a
,
=
8
,
a
8
8
c
6
,
8
|
,
6
<
6
,
;
z
-
,
,
8
c
,
,
o
;
o
,
<
,
=
,
6
,
;
,
;
a
a
z
,
c
,
8
z
<
,
z
o
<
6
z
,
-
6
z
;
,
o
|
;
,
z
o
;
z
6
,
z
8
,
z
8
L
e
u
s
e
h
o
l
d
p
r
o
p
e
r
t
y
a
,
<
z
z
,
z
;
,
,
,
,
,
<
a
,
<
6
o
=
=
,
a
,
<
;
6
,
6
8
;
,
,
,
=
,
,
z
l
n
v
e
s
t
m
e
n
t
p
r
o
p
e
r
t
l
e
s
a
o
,
o
c
,
c
6
a
,
z
6
6
,
z
,
-
,
,
6
6
,
o
o
o
,
,
c
c
c
<
,
a
8
<
,
z
z
6
=
,
6
6
,
8
z
l
n
t
u
n
g
l
b
l
e
u
s
s
e
t
s
|
|
,
;
z
|
z
,
,
o
8
a
z
,
z
8
,
=
c
c
<
;
,
z
|
;
,
a
<
o
z
,
z
|
,
<
a
8
z
,
-
z
c
,
C
t
h
e
r
l
n
v
e
s
t
m
e
n
t
s
;
<
,
=
z
<
,
o
6
|
z
=
,
c
=
,
,
z
;
o
c
=
-
,
c
c
8
,
|
o
8
,
6
6
,
,
c
,
,
z
=
c
,
<
o
;
8
c
,
c
,
6
8
,
a
<
,
z
6
8
,
,
=
,
6
c
-
C
t
h
e
r
n
o
n
c
u
r
r
e
n
t
u
s
s
e
t
s
a
z
,
|
o
,
=
a
6
,
a
6
6
c
,
,
8
6
o
6
,
<
=
,
8
,
6
|
8
o
,
z
a
6
8
=
,
6
=
<
<
,
8
6
|
=
,
-
,
|
z
,
a
z
8
-
8
,
z
z
-
<
6
,
8
6
a
,
,
,
6
c
,
;
z
a
,
;
,
,
,
c
c
c
l
n
t
e
r
c
o
m
p
u
n
y
l
e
n
d
l
n
g
a
|
,
<
o
-
,
=
c
,
6
a
6
,
|
z
6
z
,
z
6
=
,
,
=
=
=
c
,
c
c
c
|
,
<
z
8
6
,
c
c
z
;
6
,
o
o
o
6
,
c
c
c
,
;
6
,
8
o
a
z
,
=
-
6
,
,
c
,
S
e
g
m
e
n
t
n
o
n
c
u
r
r
e
n
t
a
s
s
e
t
s
8
a
6
,
|
;
8
,
,
,
c
z
;
,
z
|
o
,
z
z
,
,
6
-
c
,
8
6
<
,
6
8
<
,
a
;
=
,
,
-
,
6
6
6
a
,
o
|
;
,
o
|
8
,
z
6
8
,
z
,
o
a
,
8
o
|
,
8
z
6
,
,
o
,
8
,
z
,
c
,
z
o
8
,
<
8
6
z
,
c
-
<
,
z
a
8
,
a
o
<
=
z
,
,
z
,
,
l
n
v
e
s
t
m
e
n
t
s
l
n
u
s
s
o
c
l
u
t
e
s
o
,
<
;
,
8
6
z
c
,
8
c
,
,
c
-
6
,
8
z
,
;
z
,
-
z
-
,
<
6
8
8
,
6
6
;
,
6
a
;
a
,
|
o
8
6
z
,
6
l
n
v
e
s
t
m
e
n
t
l
n
s
u
b
s
l
d
l
u
r
l
e
s
u
n
d
j
o
l
n
t
v
e
n
t
u
r
e
<
,
<
=
,
=
L
e
f
e
r
r
e
d
t
u
x
u
s
s
e
t
s
8
z
,
z
<
z
,
,
8
6
C
o
o
d
w
l
l
l
|
6
,
<
;
-
,
,
z
c
L
l
l
m
l
n
u
t
l
o
n
s
j
u
d
j
u
s
t
m
e
n
t
s
(
,
o
8
)
(
z
,
,
8
6
,
,
)
1
o
t
a
l
n
o
n
c
u
r
r
e
n
t
a
s
s
e
t
s
6
a
,
o
z
,
a
<
;
6
-
,
,
6
c
c
l
n
v
e
n
t
o
r
l
e
s
z
|
6
,
a
;
;
,
,
-
c
z
a
8
,
;
8
z
z
z
,
6
c
<
,
8
;
o
z
8
-
,
=
-
,
<
6
,
;
z
|
,
-
,
<
,
6
8
,
c
8
-
8
<
,
a
<
;
z
,
8
,
o
z
z
,
6
,
z
z
,
|
<
,
o
8
6
z
,
z
,
,
,
-
l
n
v
e
s
t
m
e
n
t
s
h
e
l
d
f
o
r
s
u
l
e
,
z
,
z
1
r
u
d
e
&
o
t
h
e
r
r
e
c
e
l
v
u
b
l
e
s
,
<
a
8
,
z
,
,
-
c
z
6
,
<
z
|
,
a
a
o
,
=
c
-
,
8
6
-
|
6
o
,
8
z
=
,
c
,
,
,
o
;
<
,
-
z
,
8
o
<
,
a
6
o
z
,
8
6
6
,
c
z
;
o
,
8
z
|
,
z
,
,
a
a
o
,
<
6
|
,
-
8
6
,
8
=
a
,
6
o
,
<
<
o
z
,
S
h
o
r
t
t
e
r
m
l
n
v
e
s
t
m
e
n
t
s
|
|
;
,
z
8
o
c
z
,
=
6
8
|
,
|
6
-
,
=
,
a
;
,
<
8
8
,
-
,
c
=
6
6
z
,
a
8
a
|
,
6
|
,
|
|
,
6
,
,
6
<
a
,
o
|
,
c
,
=
6
o
,
a
a
<
,
o
a
,
6
,
8
,
-
,
,
|
o
o
,
<
6
=
,
-
,
,
-
,
C
u
s
h
l
n
h
u
n
d
u
n
d
u
t
b
u
n
k
;
a
8
,
8
z
,
6
,
c
=
c
,
z
6
6
,
a
z
8
c
z
,
=
-
=
a
z
,
a
<
,
8
,
<
a
6
8
,
c
8
6
<
a
z
,
6
8
,
6
c
<
8
,
<
6
|
8
c
z
|
-
8
,
=
8
8
z
,
a
<
8
c
,
S
e
g
m
e
n
t
c
u
r
r
e
n
t
a
s
s
e
t
s
z
,
8
;
o
,
a
;
z
,
6
=
=
,
6
=
c
,
a
z
,
;
<
<
=
,
,
=
8
6
,
|
<
6
,
;
,
z
,
z
,
8
|
6
,
8
z
|
z
,
6
,
8
,
,
=
;
,
|
6
,
6
a
o
,
=
8
,
6
-
,
a
6
8
,
a
6
,
6
=
,
c
z
,
z
<
,
8
z
;
-
,
-
c
,
6
8
,
<
;
<
,
;
|
;
-
z
,
,
z
1
u
x
r
e
f
u
n
d
s
,
6
6
;
,
;
z
c
c
,
,
-
L
l
l
m
l
n
u
t
l
o
n
s
j
u
d
j
u
s
t
m
e
n
t
s
(
6
,
6
;
;
,
o
<
;
)
(
,
8
c
,
,
=
z
)
1
o
t
a
l
c
u
r
r
e
n
t
a
s
s
e
t
s
|
a
,
<
6
<
,
8
<
z
z
8
,
,
8
,
6
-
1
o
t
a
l
a
s
s
e
t
s
8
,
6
<
8
,
|
o
z
,
c
,
c
6
-
l
n
s
u
r
u
n
c
e
P
r
o
v
l
s
l
o
n
z
,
a
<
,
<
;
6
,
c
z
=
,
6
z
,
a
<
,
<
;
6
,
c
z
=
,
6
N
o
n
l
n
t
e
r
e
s
t
b
e
u
r
l
n
g
b
o
r
r
o
w
l
n
g
s
;
<
o
8
=
,
=
c
,
6
a
6
,
|
z
6
z
,
-
=
,
z
,
;
z
6
,
z
;
6
z
,
,
z
z
l
n
t
e
r
e
s
t
b
e
u
r
l
n
g
b
o
r
r
o
w
l
n
g
s
8
6
,
;
a
,
z
=
z
|
,
a
z
o
,
<
8
z
-
,
8
-
6
,
-
=
a
<
=
z
o
o
,
8
;
-
8
c
,
-
c
c
6
,
8
8
6
a
c
,
=
8
,
c
8
=
o
,
<
;
,
a
a
,
8
8
L
m
p
l
o
y
e
e
b
e
n
e
f
l
t
l
l
u
b
l
l
l
t
y
6
z
,
8
8
<
,
,
z
=
z
8
8
,
z
6
c
,
,
z
z
|
,
z
6
o
z
6
,
=
c
6
|
z
<
,
;
;
<
z
8
6
,
-
o
a
,
o
6
,
,
-
c
6
;
,
|
6
z
6
8
,
8
=
|
<
6
,
z
,
o
a
,
|
<
=
6
,
,
C
t
h
e
r
d
e
f
e
r
r
e
d
l
l
u
b
l
l
l
t
l
e
s
z
,
<
;
|
z
,
8
z
,
o
8
z
z
,
z
6
a
,
6
<
<
=
,
6
,
C
t
h
e
r
n
o
n
c
u
r
r
e
n
t
l
l
u
b
l
l
l
t
l
e
s
6
,
a
o
z
,
,
=
,
6
6
,
a
o
z
,
,
=
,
6
S
e
g
m
e
n
t
n
o
n
c
u
r
r
e
n
t
l
i
a
b
i
l
i
t
i
e
s
z
z
,
<
;
6
z
8
<
,
|
<
8
,
|
o
6
,
=
,
z
,
,
a
o
<
z
6
,
6
=
;
a
z
,
,
z
,
|
,
o
a
,
6
a
<
z
z
,
z
-
6
;
,
|
6
z
6
8
,
8
=
;
,
o
<
z
,
|
8
c
,
6
6
,
=
=
z
6
,
<
|
,
;
<
z
z
,
=
8
z
,
6
=
,
L
e
f
e
r
r
e
d
t
u
x
l
l
u
b
l
l
l
t
l
e
s
;
8
,
;
a
z
,
,
,
,
z
-
6
L
l
l
m
l
n
u
t
l
o
n
s
j
u
d
j
u
s
t
m
e
n
t
s
(
,
;
6
6
,
z
;
<
)
(
z
,
=
6
c
,
z
z
)
1
o
t
a
l
n
o
n
c
u
r
r
e
n
t
l
i
a
b
i
l
i
t
i
e
s
z
<
,
<
a
;
,
z
z
,
,
,
,
6
=
1
r
u
d
e
&
o
t
h
e
r
p
u
y
u
b
l
e
s
;
6
,
o
6
6
6
-
,
,
=
z
z
,
6
|
,
<
z
o
,
8
6
6
,
c
-
|
8
,
6
8
o
=
z
z
,
-
=
=
z
,
<
z
,
8
|
,
8
8
,
,
c
z
,
o
<
,
,
8
-
,
;
|
<
=
,
,
c
,
6
6
<
,
,
6
o
,
;
8
,
8
|
o
8
,
z
8
,
S
h
o
r
t
t
e
r
m
b
o
r
r
o
w
l
n
g
s
|
,
|
o
,
,
z
a
,
a
8
,
;
z
;
z
,
8
=
z
,
,
,
|
z
-
z
,
8
c
z
o
6
a
6
=
,
z
c
o
,
<
z
8
-
,
=
,
=
|
|
<
,
o
;
a
z
=
,
c
,
<
,
z
z
8
,
-
,
,
,
=
C
u
r
r
e
n
t
p
o
r
t
l
o
n
o
f
l
n
t
e
r
e
s
t
b
e
u
r
l
n
g
b
o
r
r
o
w
l
n
g
s
|
z
,
z
z
-
8
,
6
8
a
,
;
6
8
c
,
-
a
o
,
;
<
;
,
8
,
z
=
,
|
,
o
o
,
8
z
z
,
,
z
z
8
a
,
6
8
,
;
6
,
8
,
,
=
L
l
v
l
d
e
n
d
p
u
y
u
b
l
e
,
a
<
<
6
,
a
<
<
8
u
n
k
o
v
e
r
d
r
u
f
t
s
;
8
-
-
,
=
8
,
6
z
a
,
8
a
;
z
,
=
z
,
c
8
a
,
o
|
6
-
6
,
6
<
|
z
,
;
8
6
8
,
8
8
-
z
<
,
8
;
6
8
8
,
z
<
,
|
,
8
=
z
z
,
z
z
;
,
-
=
,
8
z
z
,
<
;
6
,
|
a
|
,
8
z
6
S
e
g
m
e
n
t
c
u
r
r
e
n
t
l
i
a
b
i
l
i
t
i
e
s
,
z
8
z
,
;
;
;
-
c
,
6
c
6
,
;
|
,
z
;
o
8
,
c
,
,
-
6
6
,
o
a
,
o
a
<
=
z
,
c
z
|
,
|
<
,
<
|
8
z
,
z
,
;
;
,
8
;
a
c
,
6
,
c
;
<
,
6
<
6
,
z
c
,
=
-
a
,
;
a
,
<
;
<
-
,
z
-
,
8
-
6
z
|
,
<
;
,
;
|
<
8
,
c
,
z
,
-
l
n
c
o
m
e
t
u
x
l
l
u
b
l
l
l
t
l
e
s
a
<
a
,
z
z
=
,
-
6
z
L
l
l
m
l
n
u
t
l
o
n
s
j
u
d
j
u
s
t
m
e
n
t
s
(
;
,
;
6
,
;
z
o
)
(
,
,
8
c
,
8
8
)
1
o
t
a
l
c
u
r
r
e
n
t
l
i
a
b
i
l
i
t
i
e
s
6
,
8
a
,
|
o
;
-
,
8
,
-
,
6
,
1
o
t
a
l
l
i
a
b
i
l
i
t
i
e
s
a
z
,
|
6
,
<
z
6
,
6
,
-
,
z
8
1
o
t
u
l
s
e
g
m
e
n
t
u
s
s
e
t
s
|
,
;
;
,
|
z
<
-
,
6
c
-
,
6
z
c
|
8
,
6
<
a
;
-
-
,
6
z
=
,
=
,
z
;
,
o
a
z
,
z
6
,
,
c
6
=
,
=
,
6
,
8
;
|
,
8
6
6
,
,
,
-
8
8
,
|
6
6
,
a
a
|
6
,
-
=
,
-
8
=
,
6
<
|
;
,
8
,
,
,
z
8
c
|
,
<
o
a
,
a
=
,
-
8
z
,
=
o
,
8
z
a
,
a
z
8
,
8
,
,
-
6
1
o
t
u
l
s
e
g
m
e
n
t
l
l
u
b
l
l
l
t
l
e
s
,
<
z
,
|
<
|
,
z
z
,
c
6
,
<
,
o
8
,
6
6
o
,
=
6
,
6
-
,
z
<
,
a
<
o
6
8
,
,
=
-
a
,
|
8
,
<
|
-
,
z
z
,
-
c
<
,
z
z
;
,
<
z
,
z
6
-
,
=
,
z
a
|
,
o
,
z
,
,
c
,
;
6
6
,
<
6
-
,
c
,
<
o
,
o
|
,
a
8
;
,
,
,
z
z
,
-
c
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
z6
|
|
.
z
P
r
i
m
a
r
y
s
e
g
m
e
n
t
s
(
b
u
s
i
n
e
s
s
s
e
g
m
e
n
t
s
)
1
r
a
n
s
p
o
r
t
a
t
i
o
n
L
e
i
s
u
r
e
P
r
o
p
e
r
t
y
C
o
n
s
u
m
e
r
I
o
o
d
s
&
R
e
t
a
i
l
I
i
n
a
n
c
i
a
l
S
e
r
v
i
c
e
s
I
n
f
o
r
m
a
t
i
o
n
1
e
c
h
n
o
l
o
g
y
O
t
h
e
r
s
C
r
o
u
p
1
o
t
a
l
|
o
r
t
n
e
y
e
a
r
e
n
J
e
J
,
s
t
V
a
r
c
n
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
z
o
o
l
n
s
.
o
o
o
s
1
o
t
u
l
r
e
v
e
n
u
e
,
;
8
<
,
a
o
8
,
,
6
,
6
z
,
<
|
8
,
<
c
,
z
=
,
,
6
,
8
z
,
a
;
,
,
,
,
,
6
,
|
;
,
6
o
<
8
z
,
8
c
-
<
,
|
|
z
,
z
8
6
=
c
,
<
,
|
o
,
,
,
8
|
,
|
a
;
,
6
6
z
,
6
-
6
,
-
,
<
o
,
;
a
z
,
-
,
,
=
,
l
n
t
r
u
s
e
g
m
e
n
t
r
e
v
e
n
u
e
,
o
,
;
<
)
(
6
=
,
6
)
(
,
;
z
6
)
(
z
,
,
-
6
)
(
|
<
,
<
z
)
(
-
c
,
,
-
6
)
(
;
;
)
(
6
,
<
<
8
)
(
6
,
=
-
8
)
(
;
;
,
z
a
a
)
(
=
c
,
6
,
8
)
(
,
<
o
o
,
;
;
)
(
8
6
,
-
z
)
S
e
g
m
e
n
t
r
e
v
e
n
u
e
,
;
8
<
,
a
o
8
,
,
6
,
6
,
<
8
,
;
6
,
6
,
,
8
-
=
,
8
,
;
a
<
,
,
,
<
,
z
z
,
o
8
a
,
z
,
c
6
,
<
,
|
|
z
,
=
c
,
<
z
,
;
a
|
,
,
6
,
8
8
c
|
,
z
;
o
,
|
;
z
z
,
=
8
6
,
z
=
,
z
a
,
z
z
z
z
,
=
,
z
=
l
n
t
e
r
s
e
g
m
e
n
t
r
e
v
e
n
u
e
(
z
o
,
;
<
6
)
(
z
,
-
,
8
-
=
)
(
,
o
z
)
(
,
,
8
,
)
(
,
;
<
)
(
6
,
c
8
z
)
(
;
8
,
<
;
)
(
,
8
6
-
)
(
6
,
8
<
8
)
(
,
8
z
,
)
(
<
|
,
;
z
)
(
,
-
=
)
(
a
a
,
<
<
)
(
8
z
,
z
8
6
)
(
,
z
6
,
z
8
)
(
,
z
,
,
z
=
)
R
e
v
e
n
u
e
,
a
a
,
6
<
z
z
,
8
,
a
,
;
|
z
,
6
6
z
,
-
,
6
z
o
,
o
|
o
,
=
,
8
,
-
z
<
,
8
a
|
,
a
8
;
-
c
,
z
c
<
,
z
6
z
,
z
<
,
-
,
a
|
,
o
|
,
6
c
=
,
=
-
=
z
,
8
z
o
,
8
z
z
,
c
-
,
,
-
a
;
,
8
o
,
o
o
a
,
c
z
z
,
=
z
c
S
e
g
m
e
n
t
r
e
s
u
l
t
s
;
<
,
a
<
z
-
=
,
a
a
,
8
8
;
6
c
,
6
=
|
6
<
,
=
=
6
,
c
,
a
o
|
,
z
a
z
,
6
8
a
|
,
6
6
;
(
,
=
8
,
8
z
|
(
z
,
8
-
-
)
a
,
<
o
;
(
8
c
6
)
z
,
a
a
,
a
,
,
=
-
,
=
-
,
L
l
l
m
l
n
u
t
l
o
n
s
<
;
,
a
a
a
6
a
|
,
|
z
z
z
,
z
z
,
a
z
(
=
,
8
,
c
)
6
,
<
6
|
8
8
|
,
<
8
;
z
,
z
,
-
;
,
;
z
,
=
,
8
z
,
z
a
6
,
|
o
6
z
,
6
z
,
z
,
a
o
;
,
a
|
z
z
,
8
z
6
,
c
6
-
l
l
n
u
n
c
e
e
x
p
e
n
s
e
s
(
z
<
,
a
a
z
)
(
=
-
,
c
6
)
(
a
;
|
,
8
<
a
)
(
c
,
6
)
(
o
,
6
z
)
z
,
,
6
(
,
6
6
;
)
(
z
=
,
-
)
z
o
,
8
o
(
z
-
)
(
z
,
a
;
)
(
-
,
=
6
)
(
;
a
6
,
;
a
)
(
-
=
,
6
z
)
(
,
|
;
o
,
<
6
)
(
,
6
=
,
)
C
h
u
n
g
e
l
n
f
u
l
r
v
u
l
u
e
o
f
l
n
v
e
s
t
m
e
n
t
p
r
o
p
e
r
t
l
e
s
,
z
6
,
-
c
,
=
,
-
S
h
u
r
e
o
f
r
e
s
u
l
t
s
o
f
u
s
s
o
c
l
u
t
e
s
z
,
<
8
,
|
<
,
c
-
-
z
,
o
8
8
,
z
-
8
(
|
,
<
o
8
)
(
z
,
,
6
c
8
)
(
,
8
z
)
,
c
,
,
6
z
,
<
<
<
,
8
6
;
z
,
-
c
,
z
,
P
r
o
f
l
t
o
n
s
u
l
e
o
f
n
o
n
c
u
r
r
e
n
t
l
n
v
e
s
t
m
e
n
t
s
,
c
z
=
,
,
,
,
c
z
=
,
,
,
P
r
o
f
i
t
j
(
l
o
s
s
)
b
e
f
o
r
e
t
a
x
z
,
|
6
<
,
8
<
6
z
,
z
8
,
,
,
o
,
|
<
<
-
-
,
-
,
|
;
8
,
z
|
=
-
=
,
-
=
z
8
8
,
o
z
o
z
,
8
,
-
-
,
8
6
8
,
|
a
z
8
=
,
8
|
,
6
6
(
-
z
)
,
6
z
,
z
;
z
,
6
z
,
6
,
<
|
;
,
<
<
<
6
,
z
,
z
c
1
u
x
e
x
p
e
n
s
e
(
8
|
,
<
;
a
)
(
6
z
,
8
8
)
(
|
;
,
o
)
(
=
,
-
8
)
(
|
6
,
|
<
)
(
,
c
)
(
z
o
o
,
|
|
)
(
=
,
,
-
)
(
|
|
8
,
6
|
8
)
(
6
,
,
z
6
)
a
,
o
z
a
(
=
,
,
-
=
)
(
z
z
,
a
8
8
)
(
z
z
,
6
c
=
)
(
8
<
,
z
a
o
)
(
,
-
z
6
,
=
c
)
P
r
o
f
i
t
j
(
l
o
s
s
)
f
o
r
t
h
e
y
e
a
r
z
,
z
8
z
,
z
8
z
,
6
=
,
,
6
c
c
;
|
,
a
a
<
z
8
,
c
=
6
|
a
z
a
8
6
,
-
8
;
,
6
8
,
c
z
-
<
z
,
;
o
a
-
-
,
-
;
,
6
a
o
(
6
,
,
6
,
)
,
|
,
6
|
z
,
-
,
=
,
<
,
<
<
z
,
|
<
,
6
=
c
A
t
t
r
i
b
u
t
a
b
l
e
t
o
:
L
q
u
l
t
y
h
o
l
d
e
r
s
o
f
t
h
e
p
u
r
e
n
t
z
,
z
<
8
,
8
,
6
z
=
,
6
z
8
|
,
o
a
;
z
-
,
8
6
z
z
,
c
,
-
8
a
<
,
8
o
6
8
-
,
=
8
a
;
;
,
6
o
z
-
-
z
,
8
-
-
;
,
6
a
o
(
6
,
,
6
,
)
,
z
6
,
a
6
z
,
-
z
-
,
=
z
8
<
,
z
o
,
a
,
,
-
z
,
-
c
M
l
n
o
r
l
t
y
l
n
t
e
r
e
s
t
z
|
,
a
6
a
-
,
6
-
8
8
o
,
|
,
8
,
c
a
,
8
<
,
6
,
c
c
a
,
8
;
<
-
,
,
z
<
z
,
o
z
6
,
-
o
|
,
;
o
,
6
,
c
6
|
<
o
,
8
z
a
z
-
z
,
-
6
z
,
z
8
z
,
z
8
z
,
6
=
,
,
6
c
c
;
|
,
a
a
<
z
8
,
c
=
6
|
a
z
a
8
6
,
-
8
;
,
6
8
,
c
z
-
<
z
,
;
o
a
-
-
,
-
;
,
6
a
o
(
6
,
,
6
,
)
,
|
,
6
|
z
,
-
,
=
,
<
,
<
<
z
,
|
<
,
6
=
c
P
u
r
c
h
u
s
e
u
n
d
c
o
n
s
t
r
u
c
t
l
o
n
o
f
p
r
o
p
e
r
t
y
,
p
l
u
n
t
&
e
q
u
l
p
m
e
n
t
<
|
,
|
o
<
c
-
,
,
z
8
,
|
6
a
,
z
z
,
8
6
<
,
;
6
|
z
6
,
;
,
8
,
=
-
;
,
8
<
-
,
|
,
z
6
6
,
-
c
6
,
a
,
8
8
-
,
;
8
,
<
,
6
c
6
P
u
r
c
h
u
s
e
u
n
d
c
o
n
s
t
r
u
c
t
l
o
n
o
f
l
n
t
u
n
g
l
b
l
e
u
s
s
e
t
s
a
o
,
|
8
|
z
-
,
c
|
o
,
6
o
|
;
o
,
8
6
z
-
,
c
L
e
p
r
e
c
l
u
t
l
o
n
o
f
p
r
o
p
e
r
t
y
,
p
l
u
n
t
&
e
q
u
l
p
m
e
n
t
o
;
,
8
8
6
,
c
,
6
o
,
c
c
o
,
<
<
c
,
|
8
o
,
8
;
o
-
6
z
,
6
c
,
8
;
,
;
<
|
,
-
=
a
;
,
a
o
6
,
z
6
,
a
8
z
c
,
;
|
6
,
8
<
|
,
6
c
,
A
m
o
r
t
l
s
u
t
l
o
n
o
f
l
n
t
u
n
g
l
b
l
e
u
s
s
e
t
s
a
,
z
;
8
;
,
a
<
,
|
a
<
,
8
<
,
;
z
,
;
<
,
8
A
m
o
r
t
l
s
u
t
l
o
n
j
d
e
p
r
e
c
l
u
t
l
o
n
o
f
l
e
u
s
e
h
o
l
d
p
r
o
p
e
r
t
y
u
n
d
o
t
h
e
r
n
o
n
c
u
r
r
e
n
t
u
s
s
e
t
s
,
a
<
,
=
6
|
,
a
z
;
,
8
-
,
,
|
8
,
-
8
a
,
|
o
|
z
z
,
,
6
C
r
u
t
u
l
t
y
p
r
o
v
l
s
l
o
n
u
n
d
r
e
l
u
t
e
d
c
o
s
t
s
6
,
8
|
;
6
,
-
c
<
8
8
=
8
,
-
c
|
,
,
=
8
<
,
8
,
,
=
=
8
z
6
,
6
|
<
z
,
8
=
a
,
o
|
;
,
z
o
;
z
=
,
c
,
6
<
6
=
,
,
8
8
l
m
p
u
l
r
m
e
n
t
l
o
s
s
e
s
j
r
e
v
e
r
s
u
l
o
f
l
m
p
u
l
r
m
e
n
t
l
o
s
s
e
s
=
-
,
c
z
|
,
o
6
;
-
=
,
z
z
a
,
;
;
;
|
,
z
,
c
c
c
z
o
,
<
<
c
c
,
-
A
m
o
r
t
l
s
u
t
l
o
n
o
f
o
t
h
e
r
d
e
f
e
r
r
e
d
l
l
u
b
l
l
l
t
l
e
s
|
z
<
-
z
=
8
;
-
-
<
z
z
,
z
=
8
l
n
u
d
d
l
t
l
o
n
t
o
s
e
g
m
e
n
t
r
e
s
u
l
t
s
,
l
n
f
o
r
m
u
t
l
o
n
s
u
c
h
u
s
f
l
n
u
n
c
e
e
x
p
e
n
s
e
s
,
t
u
x
e
x
p
e
n
s
e
s
h
u
s
b
e
e
n
u
l
l
o
c
u
t
e
d
t
o
s
e
g
m
e
n
t
s
f
o
r
b
e
t
t
e
r
p
r
e
s
e
n
t
u
t
l
o
n
.
NO1LS 1O 1BL IINANCIAL S1A1LMLN1S
z,
||.| Secondary segments (geographical segments, based on the location of assets)
Sri Lanka Asia (excluding Sri Lanka) Others Croup 1otal
zoo zoo zoo zoo zoo zoo zoo zoo
estateJ estateJ
ln s. ooos
Segment ussets ;a,z;,z6 6,,,-=,,6 <,6|,a<8 =,6,,c= ,oo|,a68 ,=,=== o,8za,az 8,8,,-6
Segment llubllltles |;,6a8,86 -,8,z,68c ,<8,< ,,6,8c= 86a,<86 8,-,= <o,o|,a8; ,,,zz,-c
lnvestment ln ussoclutes |,|,z|o z,-,c-c o,<6 88,66 a,|o,86 z,,,6
Segment revenue a|,88,<8 -,,,z,,c=6 <,z6|,|8z ,,6 6,68z =,,czc a,za,zzz z,=,z=
Segment results z,<8;,8o ,6cz,88 |<o,aa< ,6,=z 6,66 (z=,8,6) z,aa,az ,,=-,=-,
Purchuse und constructlon of
property, plunt und equlpment ,6<z,|; =,,c=, za,o;o ,z-,z- <,<| -8 ,;8,<a ,,6c6
Purchuse und constructlon
of lntunglble ussets 6z,z6a 8,;zz z-,c ;o,86 z-,c
Lepreclutlon of property,
plunt und equlpment ,|o8,|; ,zcz,c aza,za| 8,== a,z| -,6 ,;|6,8<| ,6c,
Amortlsutlon of
lntunglble ussets zo;,aa <,|a< ,8 zz,;< ,8
Amortlsutlonjdepreclutlon
of leusehold property und
other noncurrent ussets 8o,6 ,,cz ||,68a =,,-= |a,|o| zz,,6
Crutulty provlslon und
reluted costs 8,z| 6-,z (|) z,= z,a6 ,6< 6=,,88
lmpulrment lossesjreversul
of lmpulrment losses 6,;8 cc,- a,;;; zo,<< cc,-
Amortlsutlon of other
deferred llubllltles <z z,z=8 <z z,z=8
|a RLLA1LD PAR1Y 1RANSAC1IONS
1he compuny currled out trunsuctlons ln the ordlnury course of buslness ut commerclul rutes wlth the followlng reluted entltles.
1he llst of dlrectors ut euch of the subsldlury und ussoclute compunles huve been dlsclosed ln the group dlrectory.
Croup Company
As at ,st Varcn Note zoo zoo zoo zoo
ln s. ooos
|a. Amounts due from related parties
Subsldlurles -.- <|,686 ,,==
'olnt ventures z,o6
Assoclutes ,;| zz,z ,8 8c=
Compunles under common control
ley munugement personnel (lMP)
Close fumlly members of lMP
Compunles controlled j jolntly controlled j slgnlflcuntly
lnfluenced by lMP und thelr close fumlly members
Post employment beneflt plun
zz,88 zz,z <|z,88a zcc,=6c
|a.z Amounts due to related parties
Subsldlurles -.- |,oo =,6
'olnt ventures 6,,
Assoclutes |,6|
Compunles under common control
ley munugement personnel
Close fumlly members of lMP
Compunles controlled j jolntly controlled j slgnlflcuntly
lnfluenced by lMP und thelr close fumlly members
Post employment beneflt plun
|,6| 6,, |,oo =,6
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
z8
Company
Amounts due from Amounts due to
As at |st March zoo zoo zoo zoo
ln Rs. cccs
|a.| Subsidiaries
Aslun Eotels und Propertles PLC. |,;z ,z6
Auxlcogent lnternutlonul Lunku (Pvt) Ltd. z,a|< z,--
Auxlcogent lnvestments Muurltlus (Pvt) Ltd. -
Ceylon Cold Stores PLC. <,aa< c,=,
Ceylon Eollduy Resorts Ltd. ,<|< ,=
LEL leells (Pvt) Ltd. ,az 8,6
luntuseu vorld lnvestments (Pte) Ltd. |
Euburunu Lodge Ltd. ,a| ,z
Euburunu vulk lnn Ltd. ,z|a ,6
lnfoMute (Pvt) Ltd. 6,azo 8,c8,
lnternutlonul 1ourlsts & Eotellers Ltd. < 8
'uyluy Murketlng Servlces (Pvt) Ltd. 6,6a8 z,z,
'ohn leells Alr Servlces (Pvt) Ltd. |<| 8=
'ohn leells Computer Servlces (Pvt) Ltd. ao ,z=
'ohn leells Eotels PLC. zaa 6cc
'ohn leells lnternutlonul (Pvt) Ltd. ,;z8 ,=c
'ohn leells Loglstlcs (Pvt) Ltd. a; -z,
'ohn leells Loglstlcs lndlu (Pvt) Ltd. |,z|o z,zz
'ohn leells Loglstlcs Lunku (Pvt) Ltd. o,6a ,c8
'ohn leells Muldlvlun Resorts (Pte) Ltd. 6 z6
'ohn leells Cfflce Automutlon (Pvt) Ltd. |,aaa 8,z
'ohn leells PLC. z,az =,6
'ohn leells Softwure 1echnologles (Pvt) Ltd.
'ohn leells Stock 8rokers (Pvt) Ltd. ,
'ohn leells 1eus Ltd. za8
'ohn leells vurehouslng (Pvt) Ltd. z68 z8,
lundy vulk lnn Ltd. ,z6| ,c8=
leells Consultunts Llmlted. - <6
leells lood Products PLC. <,|6o =,6
leells Eotel Munugement Serlvces Ltd. z,a ,z=
leells Reultors Ltd. zz z6c
leells Shlpplng (Pvt) Ltd. ,<6z
Lunku Murlne Servlces (Pvt) Ltd. -,6-
Muck Alr (Pvt) Ltd. ,8a< -6-
Muck Alr Servlces Muldlves( Pte) Ltd. 88 zc
Mucklnnon & leells llnunclul Servlces Ltd. ,|z 6,86-
Mucklnnon Muckenzle und Compuny (Shlpplng) Ltd. 6
Mucklnnon Muckenzle und Compuny of Ceylon Ltd. z,
Mucklnnons 1ruvels (Pvt) Ltd. <|< z-
Nexus Networks (Pvt) Ltd. za
Serene Eollduys (Pvt) Ltd. < --
1runs Aslu Eotels PLC. |,a|; 8
1runswure Loglstlcs (Pvt) Ltd. < z
1runqulllty (Pte) Ltd. |6
1ruvel Club (Pte) Ltd. a
1rlnco Eollduy Resorts (Pvt) Ltd. z,;;
1rlnco vulk lnn Ltd. ,,=c |
Unlon Assurunce PLC. a8| ,
vulkers Alr Servlces Ltd. ,z-z
vulkers 1ours Ltd. z; z8-
vhlttull 8ousteud (Pvt) Ltd. a6 ,=
vhlttull 8ousteud (1ruvel) Ltd. aa
Yulu vllluge (Pvt) Ltd. 86 ,,,
Interest bearing loans
Ceylon Cold Stores PLC. 8,,=,
'uyluy Murketlng Servlces (Pvt) Ltd. 6a,6a ,6
'ohn leells lnternutlonul (Pvt) Ltd. <,ooo =,ccc
leells lood Products PLC. a<,ooo ,z,z
Mucklnnon & leells llnunclul Servlces Ltd. |,<z8 -,ccc
1rlnco vulk lnn Ltd. z,=cc
1rlnco Eollduy Resorts (Pvt) Ltd. 8z,<oo
<|,686 ,,== |,oo =,6
NO1LS 1O 1BL IINANCIAL S1A1LMLN1S
z
Croup Company
|or tne year enJeJ ,st Varcn Note zoo zoo zoo zoo
ln s.'ooos
|a.a 1ransactions with related parties
Subsidiaries
(Purchuses) j Sules of goods (z,<|;) (,8z,)
(Recelvlng) j Renderlng of servlces -.= a|,a8 ,=6,
(Purchuses) j Sule of property plunt & equlpment 8
Louns glven -.= a<a,oz8 8,,6
lnterest recelved j (lnterest puld) a6 -,z8
(Rent tuken) j Rent glven (6,oo) (-,=c)
(Cuuruntees tuken) j Cuuruntees glven ;6 ,=-
1oint ventures
(Recelvlng) j Renderlng of servlces z,za z-,,-
Associates
(Purchuses) j Sules of goods ;,8| =,-,
(Recelvlng) j Renderlng of servlces zz,6a< (-z,=,6) (|,oa8) (z,6)
lnterest recelved j (lnterest puld) -.6 a8;,6a =z6,86- |z,<o -c,6
key management personnel
(Recelvlng) j Renderlng of servlces o,azo -,8-
Close family members of kMP
(Recelvlng) j Renderlng of servlces 8
Companies controlled j [ointly controlled j significantly
lnfluenced by lMP und thelr close fumlly members
(Purchuses) j Sules of goods (=,8)
Post employment benefit plan
Contrlbutlons to the provldent fund 6,zo ,,zc |a,<< -,,88-
Company
|or tne year enJeJ ,st Varcn zoo zoo
ln s.'ooos
|a.< 1ransactions with related parties Subsidiaries
(Receiving) j Rendering of services
LEL leells (Pvt) Ltd. 6,z<8 ,=6
leells Eotel Munugement Servlces Ltd. <,a6 =c,zc=
'uyluy Murketlng Servlces (Pvt) Ltd. ao,;6z -,c8
Ceylon Cold Stores PLC. |8,z| c,66
Aslun Eotels & Propertles PLC. 8,|o ,,-,,
'ohn leells PLC. 8,zoa z-,c6
leells lood Products PLC. ;,6z< 8,,8,
vulker 1ours Ltd. ;,aoa ,-=,
lnfomute (Pvt) Ltd. |,;z6 ,,z66
1runs Aslu Eotels PLC. |,6| ,,6
'ohn leells Cfflce Automutlon (Pvt) Ltd. ,z z,,,
'ohn leells Stock 8rokers (Pvt) Ltd. o,z;| ,z8c
Cther subsldlurles 8a,z< 8=,c
a|,a8 ,=6,
Loans given
'uyluy Murketlng Servlces (Pvt) Ltd. <o,ooo ,=,ccc
'ohn leells Loglstlcs Lunku (Pvt) Ltd. 8,ccc
'ohn leells Cfflce Automutlon (Pvt) Ltd. z,ooo =8,--
leells lood Products PLC. a<,ooo 6,,-c
Lunku Murlne Servlces (Pvt) Ltd. ,=,ccc
Mucklnnon & leells llnunclul Servlces Ltd. za,<z8 z,ccc
1runs Aslu Eotel PLC. ao,ooo
1rlnco Eollduy Resorts (Pvt) Ltd. 8z,<oo
a<a,oz8 8,,6
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
-c
Croup Company
|or tne year enJeJ ,st Varcn zoo zoo zoo zoo
ln s.'ooos
|a.6 1ransactions with related parties Associates
lnterest recelved j (lnterest puld)
Nutlons 1rust 8unk PLC. a8;,6a =z6,86- |z,<o -c,6
|a.; 1erms and conditions of transactions with related parties
1runsuctlons wlth reluted purtles ure currled out ln the ordlnury course of the buslness. Cutstundlng current uccount bulunces ut
yeur end ure unsecured, lnterest free und settlement occurs ln cush.
|a.8 Compensation of key management personnel
ley munugement personnel lnclude members of the 8ourd of dlrectors of 'ohn leells Eoldlngs PLC und lts subsldlury compunles.
Croup Company
|or tne year enJeJ ,st Varcn zoo zoo zoo zoo
ln s.'ooos
Shortterm employee beneflts ;,|; z-,,,, ;o,6|o -z,6-
Post employment beneflts
Cther longterm beneflts
1ermlnutlon beneflts <,8ao ,z <,8ao
Shure bused puyments
8;,z z-,zcc 86,a;o -z,6-
Directors' interest in the employee share option plan of the company
As ut - Murch zcc, the executlve members of the 8ourd of dlrectors held optlons to purchuse ordlnury shures under the employee
shure optlon plun us follows:
,z8,86 Crdlnury Shures ut u prlce of Rs. zc., euch, exerclsuble before zc
,-6,8cc Crdlnury Shures ut u prlce of Rs. 6.cc euch, exerclsuble before z,=zcz
,-z,,c=c Crdlnury Shures ut u prlce of Rs. zc.cc euch, exerclsuble before z-zc-
.c66,66c Crdlnury Shures ut u prlce of Rs. 6c.z= euch, exerclsuble before 6zzc
No shure optlons huve been grunted to the nonexecutlve members of the 8ourd of dlrectors under the employee shure optlon plun.
|< CON1INCLN1 LIA8ILI1ILS
1OBN kLLLLS BOLDINCS PLC (1kB)
1he Contlngent Llublllty of 'lE us ut - Murch zcc, relutes to the followlng:
CS1 & vA1 assessments for the year of assessment zoozjo| 1he compuny hus flled uppeuls ugulnst these ussessments und
these ure currently pendlng wlth the 8ourd of Revlew of the Lepurtment of lnlund Revenue.
Income tax assessment for the year of assessment zoo6jo; 1he compuny hus flled un uppeul ugulnst thls ussessment und ls
currently pendlng the heurlng of the Commlssloner Cenerul of lnlund Revenue.
Euvlng dlscussed wlth lndependent legul und tux experts und bused on lnformutlon uvulluble, the contlngent llublllty us ut -
Murch zcc ls estlmuted ut Rs. z- mn.
LANkA MARINL SLRvICLS (Pv1) LIMI1LD (LMS)
1he contlngent llublllty of LMS us ut - Murch zcc, relutes to the followlng:
value Added 1ax (vA1) refunds in dispute with the Department of Inland Revenue 1he compuny contends thut the supply of
bunkers to forelgn shlps constltutes un export thut quullfles for zero rutlng und thut lt ls entltled to u refund of vA1 puld on
lnputs. 1he Lepurtment of lnlund Revenue, whlch eurller uccepted the compuny's clulm, hud luter reversed lts posltlon.
Cplnlons fromlndependent tux consultunts und lndependent legul counsel ull support the compuny's posltlon und the compuny
ls now pursulng lts clulm ln uccordunce wlth the provlslons ln the vulue Added 1ux Act, No. of zccz for resolutlon of dlsputes.
1he uppeuls mude by the compuny ure currently wlth the Court of Appeul of Srl Lunku.
Post privatisation turnover tax levied by the Western Provincial Council 1he compuny hus ulso dlsputed thls on the busls thut
lts buslness uctlvlty ls thut of un export. 1he uppeul mude by the compuny ls pendlng further revlew by the vestern Provlnclul
Councll.
NO1LS 1O 1BL IINANCIAL S1A1LMLN1S
-
Lxcise Duty and vA1 claimed by Sri Lanka Customs on a single gas oil procurement from Ceylon Petroleum Corporation 1he
customs lnqulry wus held und consequently u showcuuse letter wus lssued. Eowever, the compuny mude un uppllcutlon to the
court of uppeul to quush the order mude by the lnqulrlng offlcer. 1he Court of Appeul lssued un order ln fuvour of the compuny
und ordered thut u fresh lnqulry be held, should there be uny dues to be recovered by Srl Lunku Customs. Subsequently,
Srl Lunku Customs held u fresh lnqulry to collect tuxes, to whlch the compuny rulsed objectlons on the busls thut Srl Lunku
Customs hud no uuthorlty to recover tuxes bused on two recent judgments dellvered by the Supreme Court of Srl Lunku.
Income tax assessment relating to year of assessment zoojoz Assessment wus recelved by the compuny bused on normul
tux rutes. 1he compuny hus uppeuled ugulnst thls ussessment on the grounds thut the sule of bunker to forelgn shlps ls un
export, whlch ls lluble to concesslonury rutes of tuxes, whlch hus been dlsputed by the Lepurtment of lnlund Revenue. 1he
uppeul mude by the compuny ls currently wlth the Court of Appeul of Srl Lunku.
Income 1ax Assessments relating to years of assessments zoo<jo6, zoo6jo; and zoo;jo8 Assessments were recelved ln
August zcc8 und Cctober zcc, consequent to the Supreme Court judgment, whereby the orlglnul 8Cl concesslons grunted
were unnulled. Although the ussessments were bused on normul tux rutes the compuny computed und puld lncome tuxes ut
concesslonury rutes of tuxes, bused on oplnlons fromlndependent legul counsel und tux consultunts, thut the supply of bunkers
to forelgn vessels ls un export und therefore ellglble to concesslonury rutes of tuxes us provlded ln the lnlund Revenue Act.
Appeuls huve been lodged ugulnst the bulunce tuxes ussessed und penultles churged by the lnlund Revenue. 1he uppeuls mude
by the compuny huve been referred to the 8ourd of Revlew.
Income 1ax Assessments relating to years of assessments zoozjo|, zoo|joa and zooajo< Assessments were recelved ln
'unuury zcc, once uguln bused on normul tux rutes. lt ls the vlew of the compuny, bused on oplnlons from lndependent legul
counsel und tux consultunts, thut the subject yeurs were stututorlly tlme burred us provlded ln the lnlund Revenue Act. 1he
uppeul mude by the Compuny ls currently before the Commlssloner Cenerul of lnlund Revenue for determlnutlon.
Euvlng dlscussed wlth lndependent legul und tux experts und bused on lnformutlon uvulluble, the contlngent llublllty
us ut - Murch zcc ls estlmuted ut Rs.zmn.
|6 CAPI1AL AND O1BLR COMMI1MLN1S
Croup
Cupltul und other commltments upproved und contructed us ut the bulunce sheet dute, not provlded for ln flnunclul stutements
umounts to Rs. z,6=z mn. Letulls ure glven below.
Croup
As at ,st Varcn zoo zoo
ln s. 'ooos
Aslun Eotels und Propertles PLC. Crescut Llvlslon ,;,<a| z,cz,=c6
Aslun Eotels und Propertles PLC. Clnnumon Crund ;|,zz c,,
Ceylon Cold Stores PLC. z6a,a6 ,-66
Euburunu Lodge Llmlted. z;,6<
lnternutlonul 1ourlsts & Eotellers Llmlted. |;,ooo
1rlnco Eollduy Resorts (Pvt) Llmlted. <z,a|
Company
1he compuny does not huve slgnlflcunt commltments us ut the bulunce sheet dute.
Croup
As at ,st Varcn zoo zoo
ln s. 'ooos
|; LLASL COMMI1MLN1S
Leuse rentuls due on noncuncelluble operutlng leuses:
vlthln one yeur 86,;; 8c-,8
8etween one und flve yeurs a,8z,|a -,-=,88
After flve yeurs |,6<,< ,c6,,-
,|a,8o 8,zcz,6z
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
-z
|;. Details of leases
Company Lessor Leased properties
Ceylon Cold Stores PLC. Colombo Llvlslonul Secreturlute Lund occupled.
Ceylon Eollduy Resorts Ltd.
8entotu 8euch Eotel. Srl Lunku 1ourlst bourd Lund occupled.
Corul Curdens Eotel. Srl Lunku 1ourlst bourd Lund occupled.
luntuseu vorld lnvestment (Pte) Ltd. Covernment of Muldlves Lund occupled.
Euburunu Lodge Ltd. leklruwu Llvlslonul Secreturlute Lund occupled.
Euburunu vulk lnn Ltd. leklruwu Llvlslonul Secreturlute Lund occupled.
'ohn leells Muldlvlun Resorts (Pte) Ltd. Covernment of Muldlves & u Sub Leuse wlth Lund occupled.
Yucht 1ours Muldlves (Pvt) Ltd.
'uykuy Murketlng Servlces (Pvt) Ltd. R.'. S. Lxports (Pvt) Ltd j R Abeywurdenu Lund occupled.
'ohn leells PLC. Colombo Llvlslonul Secreturlute Lund occupled.
Muck Alr Servlces Muldlves (Pte) Ltd. Stute 1rudlng Crgunlsutlon PLC. Cfflce spuce occupled.
1ruvel Club (Pte) Ltd. Covernment of Muldlves und u sub leuse Lund occupled.
wlth Llluldhoo lnvestments (Pte) Ltd.
1runqulllty (Pte) Ltd. Covernment of Muldlves Lund occupled.
Yulu vllluge ( Pvt) Ltd. Srl Lunku 1ourlst bourd Lund occupled.
|8 ASSL1S PLLDCLD
Share certificates pledged by 1ohn keells Boldings PLC
Pledged to Share certificates of No of shares
lnternutlonul llnunce Corporutlon Aslun Eotels & Propertles PLC. 6=,=-c,6z
lnternutlonul llnunce Corporutlon 'ohn leells Eotels PLC. 86z,z-,8,
lnternutlonul llnunce Corporutlon 1runs Aslu Eotels PLC. ,-z,c6
lnternutlonul llnunce Corporutlon Unlon Assurunce PLC. z6,z8,68
| PRIOR PLRIOD AD1US1MLN1
South Asia Cateway 1erminals (Private) Ltd (SAC1)
A trunsfer wus effected lust yeur from cullslnudvunce to retulned eurnlngs relutlng to the lnltlul proposed shure cupltul of the
Srl Lunku Ports Authorlty (SLPA). As the munugement of SAC1 ls currently ln dlscusslon wlth SLPA on how thls trunsfer should be
deult wlth, the umount clusslfled us retulned eurnlngs wus credlted to cullslnudvunce wlth retrospectlve effect. 1he group lmpuct
of thls trunsfer ls Rs..= mn und Rs.66 mn on the lncome stutement und the stutement of chunges ln equlty respectlvely.
ao POS1 8ALANCL SBLL1 LvLN1S
1he 8ourd of dlrectors of the compuny hus declured u flnul dlvldend of Rs..cc per shure for the flnunclul yeur ended - Murch zcc.
As requlred by sectlon =6 (z) of the Compunles Act No. c, of zcc,, the 8ourd of dlrectors hus conflrmed thut the compuny sutlsfles
the solvency test ln uccordunce wlth sectlon =, of the Compunles Act No. c, of zcc,,und hus obtulned u certlflcute from uudltors,
prlor to declurlng u flnul dlvldend whlch ls to be puld on c 'une zcc.
ln uccordunce wlth the Srl Lunku Accountlng Stundurd z (Revlsed zcc=), Lvents ufter the 8ulunce Sheet dute, the flnul dlvldend
hus not been recognlsed us u llublllty ln the flnunclul stutements us ut - Murch zcc.
--
C
o
n
s
u
m
e
r
I
i
n
a
n
c
i
a
l
I
n
f
o
r
m
a
t
i
o
n
L
l
i
m
i
n
a
t
i
o
n
s
j
s
.
m
i
l
l
i
o
n
s
1
r
a
n
s
p
o
r
t
a
t
i
o
n
L
e
i
s
u
r
e
P
r
o
p
e
r
t
y
I
o
o
d
s
&
R
e
t
a
i
l
S
e
r
v
i
c
e
s
1
e
c
h
n
o
l
o
g
y
O
t
h
e
r
s
1
o
t
a
l
A
d
[
u
s
t
m
e
n
t
s
C
r
o
u
p
1
o
t
a
l
|
o
r
t
n
e
y
e
a
r
e
n
J
e
J
,
V
a
r
c
n
z
o
o
z
c
c
z
o
o
z
c
c
z
o
o
z
c
c
z
o
o
z
c
c
z
o
o
z
c
c
z
o
o
z
c
c
z
o
o
z
c
c
z
o
o
z
c
c
z
o
o
z
c
c
z
o
z
c
c
D
i
r
e
c
t
e
c
o
n
o
m
i
c
v
a
l
u
e
g
e
n
e
r
a
t
e
d
R
e
v
e
n
u
e
,
;
8
<
,
,
z
,
<
|
c
,
z
,
8
z
,
,
,
,
6
,
|
8
-
<
,
|
|
z
=
c
,
<
,
,
,
|
,
|
a
8
z
,
6
-
,
<
o
,
;
a
z
-
,
(
z
,
;
6
z
)
(
z
,
=
8
)
a
;
,
8
o
8
6
.
,
c
z
-
8
=
.
c
8
l
n
t
e
r
e
s
t
l
n
c
o
m
e
6
=
z
z
z
|
6
,
<
,
z
|
,
8
,
|
,
z
a
a
z
,
(
z
;
)
(
z
c
-
)
z
,
a
;
<
.
z
z
,
z
6
6
.
,
c
L
l
v
l
d
e
n
d
l
n
c
o
m
e
z
z
<
o
6
z
a
|
,
<
8
z
,
=
z
|
,
<
z
,
,
,
(
|
,
8
;
)
(
z
,
6
-
)
a
a
o
.
o
8
=
c
.
S
h
u
r
e
o
f
r
e
s
u
l
t
s
o
f
u
s
s
o
c
l
u
t
e
s
z
,
<
8
8
(
|
)
(
z
8
)
(
z
)
,
z
,
<
<
6
z
,
-
z
,
<
<
6
a
.
<
z
,
-
.
8
=
P
r
o
f
l
t
o
n
s
u
l
e
o
f
u
s
s
e
t
s
&
o
t
h
e
r
l
n
c
o
m
e
a
z
=
8
|
a
z
,
z
6
=
,
z
8
-
z
z
|
8
,
6
,
-
-
z
,
o
|
z
,
z
o
-
z
z
z
,
<
|
.
8
6
z
,
6
=
.
,
v
u
l
u
u
t
l
o
n
g
u
l
n
o
n
l
P
6
8
,
,
-
6
)
c
.
c
z
,
z
o
,
c
=
|
,
a
z
|
c
,
8
c
z
|
z
z
,
6
,
6
|
o
,
8
6
;
,
6
<
|
,
c
,
6
,
,
-
6
a
8
,
6
,
6
z
,
a
8
8
=
-
,
c
8
8
(
6
,
8
o
)
(
,
8
6
8
)
<
<
,
6
;
8
o
o
.
o
o
8
,
z
z
c
c
c
.
c
c
L
c
o
n
o
m
i
c
v
a
l
u
e
d
i
s
t
r
i
b
u
t
e
d
C
p
e
r
u
t
l
n
g
c
o
s
t
s
|
8
c
,
8
8
z
;
,
a
;
a
6
,
=
=
,
|
|
,
-
|
,
z
,
=
=
z
<
,
<
a
,
=
,
o
6
6
,
z
c
z
,
|
|
<
,
6
a
o
,
8
a
-
-
,
-
8
,
(
z
,
;
8
8
)
(
z
,
8
=
)
|
;
,
|
6
6
;
.
;
-
,
z
c
z
6
.
,
L
m
p
l
o
y
e
e
w
u
g
e
s
&
b
e
n
e
f
l
t
s
a
6
6
=
6
z
,
o
6
;
z
-
z
;
,
,
;
a
o
,
6
,
;
a
o
-
a
6
a
8
8
<
8
a
6
6
6
,
|
8
=
,
=
6
,
|
8
.
o
|
=
,
=
.
=
c
P
u
y
m
e
n
t
s
t
o
p
r
o
v
l
d
e
r
s
o
f
f
u
n
d
s
z
=
,
,
<
;
|
,
z
c
6
a
<
-
z
z
a
|
z
=
,
-
=
z
,
<
o
-
,
8
8
<
,
a
a
=
,
6
6
,
8
a
)
(
,
8
=
8
)
|
,
<
6
<
6
.
a
o
-
,
8
,
.
c
P
u
y
m
e
n
t
s
t
o
g
o
v
e
r
n
m
e
n
t
<
6
,
z
;
6
8
,
<
|
;
6
,
6
z
;
6
6
=
z
|
a
a
,
=
z
,
|
z
,
,
8
z
,
|
<
.
z
|
z
,
,
8
=
.
,
,
C
o
m
m
u
n
l
t
y
l
n
v
e
s
t
m
e
n
t
s
(
a
)
,
6
8
<
=
z
z
z
z
o
-
|
o
-
8
|
o
o
.
o
<
-
8
c
.
c
8
,
;
;
;
z
,
,
8
8
z
6
,
,
8
z
6
,
z
o
a
8
=
6
,
,
,
,
;
z
-
6
,
z
|
|
=
,
8
-
<
a
,
6
;
,
,
(
a
,
6
|
;
)
(
,
c
-
)
<
o
,
o
a
z
8
.
8
8
-
,
-
,
6
8
6
L
c
o
n
o
m
i
c
v
a
l
u
e
r
e
t
a
i
n
e
d
L
e
p
r
e
c
l
u
t
l
o
n
o
;
|
8
-
6
-
8
8
a
;
z
z
c
,
;
|
;
,
6
,
;
|
;
|
.
,
6
c
-
.
=
c
A
m
o
r
t
l
s
u
t
l
o
n
6
|
8
;
z
(
)
<
z
<
-
c
=
<
a
o
.
;
-
c
=
c
.
6
-
P
r
o
f
l
t
u
f
t
e
r
d
l
v
l
d
e
n
d
s
z
,
z
z
z
6
,
a
<
(
z
)
(
a
)
-
-
8
)
8
a
6
-
c
<
o
)
(
z
)
z
,
6
;
;
z
,
z
8
<
,
<
a
;
-
,
6
,
(
z
,
)
(
8
z
=
)
|
,
|
<
8
6
.
o
|
z
,
8
=
.
R
e
t
u
l
n
e
d
f
o
r
r
e
l
n
v
e
s
t
m
e
n
t
j
g
r
o
w
t
h
z
,
|
a
|
,
z
6
-
,
<
z
8
z
-
6
-
z
a
z
6
6
-
;
a
a
-
-
(
o
|
)
(
8
,
)
z
,
8
8
z
,
;
,
8
o
=
,
6
6
(
z
,
;
|
)
(
8
z
=
)
<
,
6
|
6
o
.
,
8
c
.
c
'lE wus lnvolved ln the blggest ever deul ut the tlme, when
vhlttulls group of compunles wus ucqulred thus gulnlng controlllng
stukes ln Ceylon Cold Stores (the country's leudlng producer of
curbonuted soft drlnks und lce creum), Ceylon Eollduy Resorts
(owner of 8entotu 8euch Eotel und Corul Curdens Eotel) und u
stuke ln Unlon Assurunce.
a
'lE becume the flrst Srl Lunkun compuny to obtuln u llstlng ubroud,
und lssued Clobul Leposltory Recelpts (CLRs) thut were quoted on
the Luxembourg Stock Lxchunge.
6
velldhu Resort Eotel, un 8c roomed lslund resort ln the Muldlves,
wus ucqulred muklng lt 'lE's flrst mujor overseus lnvestment.
Nutlons 1rust 8unk (N18) wus estubllshed ln u jolnt venture wlth the
llC und Centrul llnunce Co. Ltd. lortune muguzlne numed 'lECne
of the ten best Aslun stocks to buy. South Aslu Cutewuy 1ermlnuls
(SAC1) the lurgest prlvute sector lnvestment ln Srl Lunku ut thut
tlme commenced operutlons to own, operute und develop the
Cueen Lllzubeth Cuuy ut the port of Colombo.
zooo
'lE wus ruted umong the best -cc smull compunles ln the world by
lorbes Clobul muguzlne. 'lE ulso becume the flrst compuny ln Srl
Lunku to obtuln the SL AAA rutlng from lltch Rutlng Ltd. 'lE wus
udmltted us u full member of the vorld Lconomlc lorum.
Decade at a glance
zoo zooz
'lE wus runked one of the world's best zcc smull compunles, the
only Srl Lunkun entlty to be numed ln the llst by lorbes globul
muguzlne.
zooz zoo|
'lE ucqulred Lunku Murlne Servlces, the bunkerlng fuclllty ut the
port of Colombo. Nutlons 1rust 8unk ucqulred the locul operutlons
of Amerlcun Lxpress.
zoo| zooa
ln the lurgest ever trunsuctlon on the Colombo Stock Lxchunge ut
thut tlme, 'lE ucqulred Aslun Eotels & Propertles, un ucqulsltlon
thut brought wlth lt c per cent of the flve stur room cupuclty ln
Colombo. 1he Croup sold lts =c per cent stuke ln RPl Munugement
Servlces (Pvt) Ltd (lts Pluntutlons munugement compuny).
zooa zoo<
'ohn leells Eotels Llmlted (lEL) wus creuted us u holdlng compuny
for ull Croup resorts. 'lE ucqulred u controlllng stuke ln Mercuntlle
Leuslng Llmlted (MLL). 1he 'ohn leells Soclul Responslblllty
loundutlon, the Croup's CSR urm, wus estubllshed us u churltuble
compuny und reglstered us u voluntury soclul servlce orgunlsutlon.
zoo< zoo6
1he Croup entered lnto u MCU to develop u thlrd resort ln the
Muldlves on Alldhoo lslund. 'lE ucqulred 8c per cent of Yulu vllluge
Eotel. vlth the sule of leells Pluntutlons, the Croup exlted from the
ownershlp of pluntutlons. 'lE entered lnto the 8PCspuce through u
jolnt venture wlth Rumun Roy Assoclutes. 1he Croup ulso luunched
lts new hotel brunds Clnnumon Eotels & Resorts und Chuuyu
Eotels & Resorts. N18 merged wlth Mercuntlle Leuslng Llmlted.
zoo6 zoo;
1he Croup ucqulred u leuse on Lhonvell 8euch und Spu und
Llluldhoo 1ourlst Resort ln the Muldlves. lurthermore, 'lE ucqulred
zc per cent of Assocluted Motorwuys PLC. 'lE lncreused lts stuke ln
South Aslu Cutewuy 1ermlnuls (Pvt) Llmlted by ,.= per cent to --.,=
per cent. 1he Croup exlted lts restuurunt buslnesses wlth the sule of
mujorlty stukes ln leells Restuurunts (Pvt) Llmlted und Crescut
Restuurunts (Pvt) Llmlted. 'ohn leells Eoldlngs Ltd wus renumed us
'ohn leells Eoldlngs PLC
zoo; zoo8
1he Croup's flrst Clnnumon resort ln the Muldlves, Clnnumon
lslund Alldhoo, commenced operutlons. 1he leuse held by the
Croup ln the velldhu lslund of the Muldlves, explred. 1he
lnternutlonul llnunce Corporutlon (llC), u member of the vorld
8unk group, slgned u long term fundlng urrungement umountlng to
USL ,= mllllon to support the Croup's expunslon pluns. , per cent
stuke leells 8uslness Systems Ltd wus dlvested.
zoo8 zoo
'lE ucqulred u further 8. per cent ln South Aslu Cutewuy
1ermlnuls (Pvt) Llmlted und ulso lncreused stukes ln Unlon
Assurunce PLC, Ceylon Cold Stores PLC, 'ohn leells PLC und leells
lood Products PLC. 1he prlvutlsutlon of Lunku Murlne Servlces (Pvt)
Ltd wus declured null und vold us per judgement dellvered by the
Supreme Court. 1he stuke ln Assocluted Motorwuys PLC wus
dlvested. Acqulred u per cent stuke ln Cuutrro llnunce &
Accountlng Solutlons.
zoozoo
Pleuse refer Cperutlng hlghllghts und slgnlflcunt events sectlon.
BIS1ORY OI 1BL 1OBNkLLLLS CROUP
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
-
-=
DLCADL A1 ACLANCL
,st Varcn zoo zoo zoo8 zoo; zoo6 zoo< zooa zoo| zooz zoo
s. millions
OPLRA1INC RLSUL1S
Croup revenue a;,8o ,cz- ,8c= -z,8== z,6- z-,z-z zz,z8= 6,,8 ,,,, ,8zz
L8l1 ;,o8 ,,86 8,, 6,= ,8=c -,=6 -,=8 ,- ,zc6 ,=z8
llnunce expenses (,|;o) (,6=) (,68) (,-) (=z=) (c) (=8) (-z) (-z) (zzz)
Shure of results of ussoclutes z,<<6 z,-c z,z- ,,c =8 8-- ,c- = -zz z66
Proflt before tux 6,<|; 6,zz 6,=8c ,8c ,-z= -,66 z,-- -, 88z ,-c=
1ux expense (8<) (,-z,) (,c==) (8=z) (8) (66) (z86) (-6) (zc) (-c)
Proflt ufter tux <,<<z ,6= =,=z= -, -,=c6 z,=zc z,c, 6z =z ,cc
Lxtruordlnury ltem 8=
Proflt for the yeur <,<<z ,6= =,=z= -, -,=c6 z,,c= z,c, 6z =z ,cc
Attributable to:
Lqulty holders of the purent <,zo ,,-- =, -,=c -,c6 z,z ,c= =z =- ,8c
Mlnorlty lnterest |< z-z c6 c z zcz 6 zz
<,<<z ,6= =,=z= -, -,=c6 z,,c= z,c, 6z =z ,cc
CAPI1AL LMPLOYLD
Stuted cupltul z|,|zz zz,=z= zz,6 zz,z6 ,zc= ,c= ,cc= z,, z,6 z,6zc
Cupltul reserves ;,<;a ,,-, 6,c -,-, z,8= z,= ,8z ,-8 ,6-z ,,88
Revenue reserves 8,|6 =,== , -,c8, c,c 6,686 =,== ,z8 ,cz8 -,8-
a,8|z =,=c, -,-, -8,,c zz,c- ,,86 6,z ,c- 8,-= 8,z,
Mlnorlty lnterest 6,a|o ,6c ,,,c -,66 -,6-c -,,z ,-6 z,c=, ,8cz ,=
1otul equlty <6,z6z =c,6, 8,6, z,66 z=,66 z,6c8 z,-,8 ,c,c c,=- c,zc6
1otul debt ;,a<| z,=6 z,66, =,-6- =,-z, ,c= ,c=6 ,z -,=68 z,=88
;|,;< ,z,c6- 6c,8- =,,=z -c,88 -c,,- z=,- =, -,,z z,,
ASSL1S LMPLOYLD
Property, plunt und
equlpment (PP&L) z,8 z,6= z8,-8 ,688 8,z- ,z 8,c- , 8,z8 ,-=
Noncurrent ussets
other thun PP&L |a,oa --,=6 ,z8 ,,,-c 8,8=c 6,c-- -,6 -,, -,c- z,z6
Current ussets |a,<66 z8,,8 z-,c z,,,= ,,8 -,=8 ,,8 6,- ,z- 8,-c
Llubllltles net of debt (za,aa) (zc,c,6) (c,=) (,,68) (,,,6-) (8,zc8) (6,6) (,c6) (,,8) (6,)
;|,;< ,z,c6- 6c,8- =,,=z -c,88 -c,,- z=,- =, -,,z z,,
CASB ILOW
Net cush flows from
operutlng uctlvltles ,;a ,6 6, z,=z- z,66 ,6zc -,-8 ,8 , ,6-8
Net cush flows from j (used ln)
lnvestlng uctlvltles (z,oa) (-,,z) (,-=) (c,c88) (z,88) (,8z) (6,,6) (z,ccz) (,cc) (,z6)
Net cushflows from j (used ln)
flnunclng uctlvltles (6|6) z,--z (6,z6z) 8,zz (,cz,) z, =, (-) (--c) (6=)
Net lncreuse j (decreuse) ln
cush und cush equlvulents ;,o6a z,=c6 (-,,c,) c,8=, (,z) c ,8c6 (z) (8z) (z68)
kLY INDICA1ORS
8uslc eurnlngs per shure (Rs.) 8.a ,.= 8.c 6. =.- .c -.6 c. . .
lnterest cover (no. of tlmes) <.8 ., =. ., .z 8.8 6.z 6.= -., 6.
Net ussets per shure* (Rs.) 8o.a ,. 68.z 6.6 =,.c 6. =,. =z.- =. .6
Lnterprlse vulue z,6oa -,--6 ,6,,- =,6z 6,-8 ,,zzz --,=,8 =,8 ,68 ,z
Lv j L8l1LA . .- ,.8 -.c c., c.c . =.= =. z.c
Lebt j equlty rutlo () |.o z.8 z6.- -6. zc.8 z.c 8.- -., -=. z6.
Llvldend puyout ,8aa ,88- -,,6 ,z ,, ,c,= ,z6 -z --c -=-
Current rutlo (no. of tlmes) z. z. .8 . .z .z .6 .z . .
Murket prlce per shure
unudjusted (Rs.) 8a.o 6z.8 .8 ==.c =,.8 -,.= .c ,c.8 =8.c --.=
Murket prlce per shure dlluted (Rs.) 8a.o 6z.8 8.8 =-., -.= 8z.= 6c.= z. z-.8 -.8
* Net ussets per shure hus been culculuted bused on the net ussets of the group und number of shures ln lssue us ut the end of euch yeur.
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
-6
INDICA1IvL US DOLLAR
IINANCIAL S1A1LMLN1S
8alance sheet
Ior information purposes only
Croup Company
As at ,st Varcn zoo zoo zoo zoo
ln uS 'ooos estateJ
ASSL1S
Noncurrent assets
Property, plunt und equlpment z6|,o<8 z=,-,- ; ,,-
Leusehold property ao,a6 ,--,
lnvestment property zo,a;8 zc,= ;,886 ,,,8z
lntunglble ussets zz,azz z-,c- |z
lnvestments ln subsldlurles und jolnt ventures a< o,8a ,c,6
lnvestments ln ussoclutes z<,< z,-=z ;, 68,8-
Cther lnvestments ;|,88 ,=,,=z 6; ,,c,
Leferred tux ussets ,< ,z8c
Cther noncurrent ussets <,z =,=,z <z; ,--
<6z,za =8,6z z8,|z z=6,8z
Current assets
lnventorles zo,|z ,=- ; ,
lnvestments held for sule z -
1rude und other recelvubles 8;,|8 ,8, ;,aa 6,,--
Amounts due from reluted purtles zo z a,6;a ,,-6
Short term lnvestments 6,|o; -z,8 8,z8o 8,,
Cush ln hund und ut bunk z6,a| ,,,6, ;z
|o|,zo z8,=8 oz,z| c,,6c
1otal assets 86<,az| ,,,=- |8|,aaa -6,-
LOUI1Y AND LIA8ILI1ILS
Lquity attributable to equity holders of the parent
Stuted cupltul zoa,<8z ,,z zoa,<8z ,,z
Cupltul reserves 66,a|< 6,-,c
Revenue reserves 66,o8 -,== 8,;a =6,=cz
a|;,z< --,8- z86,<<6 z=,,
Minority interest <6,| z,-=
1otal equity a|,<za -6,8z8 z86,<<6 z=,,
Noncurrent liabilities
lnsurunce provlslons |,<<8 =,-=
Nonlnterest beurlng borrowlngs <8 8z
lnterest beurlng borrowlngs z,a< z,,=,8 6o,ooo c,,-=
Leferred tux llubllltles 6,8<; 6,,z8
Lmployee beneflt llubllltles ,|< 8,z8- 8| ,
Cther deferred llubllltles a =
Cther noncurrent llubllltles ,88 z,-,,
zza,o8 zc,6z8 6o,8| ,=-
Current liabilities
1rude und other puyubles ;;,;8 =6,-c |,o| -,c
Amounts due to reluted purtles < - z6
lncome tux llubllltles |,8< ,=z
Short term borrowlngs ,|6 ,,
Current portlon of lnterest beurlng borrowlngs |6,<;o =,,-z z;,<oa 6,,-
Llvldend puyuble <,a|a <,a|a
8unk overdrufts zz,6oo z,6, 8 ,-c
a;,8o zc,c8, |6,o;< z,8=
1otal equity and liabilities 86<,az| ,,,=- |8|,aaa -6,-
Lxchunge rute a.oo =.=- a.oo =.=-
INDICA1IvL US DOLLAR IINANCIAL S1A1LMLN1S
-,
Income statement
Ior information purposes only
Croup Company
As at ,st Varcn zoo zoo zoo zoo
ln uS 'ooos Restated
Revenue azo,8;; -==,c8 a,;;a =,c8
Cost of sules (|z|,8o;) (z,c,6c) (z,o) (,z=)
Cross profit ;,o;o 8,z z,;<< -,=
Llvldend lncome |86 6= |,|a; z,c
Cther operutlng lncome aa,oaz -z,--c ,|a| 6,=-8
Llstrlbutlon expenses (8,z) (-,,)
Admlnlstrutlve expenses (6|,|8) (=z,-6) (<,;|) (=,,z=)
Cther operutlng expenses (|,oa) (,6) (|88) (-8)
llnunce expenses (z,o) (,6,-) (6,z86) (,,c-)
Chunge ln fulr vulue of lnvestment property -= =,
Shure of results of ussoclutes zz,azo zc,z=8
Proflt on sule of noncurrent lnvestments 8,8, c,,z
Profit before tax <;,|a8 =,= a,o|z -8,z6z
1ux expense (8,6az) (,8-) (a6) ()
Profit for the year a8,;o6 z,, ao,886 -,,,68
Attributable to:
Lqulty holders of the purent a<,6z c,6c
Mlnorlty lnterest |,o;; z,c
a8,;o6 z,,
Lxchunge rute a.oo =.=- a.oo =.=-
1hls lnformutlon does not constltute u full set of flnunclul stutements ln compllunce wlth SLAS. 1he ubove should be reud together wlth
the Audltors' oplnlon und the notes to the flnunclul stutements. Lxchunge rutes prevulllng ut euch yeur end huve been used to convert
the lncome stutement und bulunce sheet.
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
-8
CROUP RLAL LS1A1L POR1IOLIO
Net book value
8uildings Land in acres zoo zoo
Owning company and location in (Sq. It) Ireehold Leasehold Rs.'ooos Rs.'ooos
PROPLR1ILS IN COLOM8O
Ceylon Cold Stores PLC.
Sluve lslund Complex, Colombo z. ,6== ., -.z z8,6z -,z
'ohn leells Eoldlngs PLC.
-zc, Unlon Pluce, Colombo z. 8,zc . 88z,<o 88=,66
'ohn leells PLC.
-c, Clennle Street , Colombo z. zz,--8 .,8 c.=8 6<,;a6 6zc,-6
=6j, =8, =8 j llrulupone Avenue, Colombo =. c.c8 ,z<o ,z=c
'ohn leells Propertles (Pvt) Ltd.
z=, Clennle Street, Colombo z. -c,8c c. ;,az 8,==8
leells Reultors Ltd.
z, & z, lerguson Roud, Colombo =. z,,,=c .zz z|,|zo z,6
Mucklnnon & leells llnunclul Servlces Ltd.
Leyden 8ustlun Roud, York Street, Colombo c. -,6=6 c.= z;o,|o8 z,,8-z
Unlon Assurunce PLC.
No zc, St. Mlchuels' Roud, Colombo c-. =,,6 c.-- 66,aao =8=,zzz
vhlttull 8ousteud Ltd.
8, vuuxhull Street, Colombo z. 6z,88 -.c6 |,88| z,,6
=c,8- .-z -.,c a,6zo,8| ,=6c,--6
PROPLR1ILS OU1SIDL COLOM8O
Ceylon Cold Stores PLC.
luduwelu. zz,- z6.= <z,a; ==,8
1rlncomulee. z,c= . |o,oz -c,cz
'uykuy Murketlng Servlces (Pvt) Ltd.
-8=, Negombo Roud, vuttulu. z,8zc c.-c 8,zoz ,==6
Llberty Pluzu, Colombo -. c,ccc
-88, Culle Roud, Mount Luvlnlu. 6,ccc c.z 6,6| ,,6,
'ohn leells PLC.
,j, 1emple Roud, Lkulu, 'uLlu. z.6 <,ooo =,ccc
'ohn leells vurehouslng (Pvt) Ltd.
Muthurujuwelu. ,z,6 6.cc a6,o|; ,=
leells lood lndlu (Pvt) Ltd.
M =6jA, Creuter lullush Murket Purt ll, New Lelhl. c.c o z,6-6
leells lood Products PLC.
, 1emple Roud, Lkulu, 'uLlu. =c, -.cc -.z6 z<,ao| z,=-8
1eu Smullholder luctorles PLC.
8roudlunds. =8,c6- . ao,z -,,=
Eulwltlgulu. =6,686 .6c z,|o -c,6,8
Elndul Cyu. c,=cc c.88 ,;|8 ,,,8
Elngulgodu. =6,,6 8.z, |a,z -=,,8z
luruwltu. ,=,,= .8 8,zao ,=8
lurupunuwu. 6z,c z.z6 |8,; -,6,
Neluwu. 6,,c8 .,z |,a|6 -z,z6
New Punuwennu. ,,,z c.= |o,o8z -c,-,-
Pusgodu. c,-= =. z,;6 z,6
Pellyugodu. -,6-- c. ;,ooo ,,ccc
Ruxuwu. z,6z- .zz ,z; ,=68
CROUP RLAL LS1A1L POR1IOLIO
-
Net book value
8uildings Land in acres zoo zoo
Owning company and location in (Sq. It) Ireehold Leasehold Rs.'ooos Rs.'ooos
PROPLR1ILS OU1SIDL COLOM8O
1runswureLoglstlcs (Pvt) Ltd.
1udellu, 'uLlu. 6-,6,c 8.8 |6<,<<6 -,z,6=-
Unlon Assurunce PLC.
No c6,Rujuplhlllu Roud, lurunegulu. z,,c c.zc |z,ao z,88
vhlttull 8ousteud Ltd.
=c, 8udullu Roud, Nuwuru Lllyu. ,-6 c.6 6,8o8 6,c
,c88,8c .6 =.8 ,86a,azo ,8,6,=
BO1LL PROPLR1ILS
Aslun Eotels und Propertles PLC.
Clnnumon Crund Premlses, Colombo z. 68,8- .c 8,o<,o;< 8,=c,zz
Crescut 8oulevurd, Colombo z. =,6 ,<,a6o ,c,ccc
8eruwulu Eollduy Resorts (Pvt) Ltd.
8eruwulu. .,z z|,8o
Ceylon Eollduy Resorts Ltd.
8entotu 8euch Eotel & Club lntersport, 8entotu. zc,-=6 c.,c .cz az,o6 --,8
Corul Curdens Eotel , Elkkuduwu. 6,,-=c .-6 6,|a| 68,,
Centrul Luundry, vuruhenu. 6,c .c z8,<8o z,-z6
luntuseu vorld lnvestments (Pte) Ltd.
Chuuyu Lugoon Eukuru Euruu, Republlc of Muldlves. z,68z -.z <zo,<86 =,c,c8
Euburunu Lodge Ltd.
1he Lodge, Euburunu. ,6c6 z=., a6|,ozo ,=,zz
Euburunu vulk lnn Ltd.
Chuuyu vllluge, Euburunu. 6z,-z- .- z,88| ,=z6
lnternutlonul 1ourlsts und Eotellers Ltd.
Eotel 8uyroo, 8eruwelu. 6.== zz|,8z ,8,ccc
'ohn leells Muldlvlun Resorts (Pte) Ltd.
Chuuyu lslund Lhonvell, Republlc of Muldlves. z=,=8 8.6z z,a;,<a8 z,6zc,,zc
lundy vulk lnn Ltd.
1he Chuuyu Cltudel, lundy. 6,,z= =., |6,<oa -c8,=
Resort Eotels Ltd.
Nlluvell. ,8= .-, o;,oo c,,cc
Rujuwellu Eotels Compuny Ltd.
Muhuberlutennu, lundy. -,,cc c.cc |6,oo -6,c
1runs Aslu Eotels PLC.
Clnnumon Luke Slde, Colombo z. z=,6z8 ,.zc |,8;,688 -,6z,c,
1runqulllty (Pte) Ltd.
Clnnumon lslund Alldhoo, Republlc of Muldlves. z=,ccc -6.6 |,z6,;a -,=c,6=
1ruvel Club (Pte) Ltd.
Chuyuu Reef Llluldhoo, Republlc of Muldlves. ,,8,6 -.,= ,88;,6; z,c,6=6
1rlnco Eollduy Resorts (Pvt) Ltd.
Chuuyu 8lu, 1rlncomulee. c8,z z.z 8;,o68
1rlnco vulk lnn Ltd.
Club Cceunlc, 1rlncomulee. 8,6c 6.cc <,< z--,z,
vlruwllu vulk lnn Ltd.
Rundunukelle Lstute, vlruwllu. z=.= |z,<68 -z,=,
Yulu vllluge (Pvt) Ltd.
1he vllluge, Yulu. 6,,--c c.cc z|a,o z-8,,c
-,-=,cc z,.6 6c. z|,8z,a; z-,8z,6z8
Consollduted vulue of lund und bulldlngs ,,--,8-- z6. ,.6= |o,a68,8 -c,-z,=c=
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
c
1RANSPOR1A1ION
Ports and Shipping
keells Shipping (Pvt) Ltd (oo)
Shlpplng ugency representutlon & loglstlcs servlces
No. , York Street, Colombo
: z,=zcc
Llrectors: S C Rutnuyuke Chulrmun,
' R l Pelrls, R M Luvld,
L L Rumunuyuke (resigneJ w.e.j ,o.o6.zoo)
Stuted cupltul: Rs. =cc,ccc
Mackinnon Mackenzie &Co (Shipping) Ltd (.6)
Shlpplng ugency representutlon & loglstlcs servlces
No. , Leyden 8ustlun Roud, Colombo
: z-c,=z6
Llrectors: S C Rutnuyuke Chulrmun,
' R l Pelrls, R M Luvld,
L L Rumunuyuke (resigneJ w.e.j ,o.o6.zoo)
Stuted cupltul: Rs. =,ccc,ccc
Maersk Lanka (Pvt) Ltd (|o)
Shlpplng ugency representutlon & frelght
forwurdlng servlces
No. -6, L. R vljewurdene Muwuthu, Colombo c
: zz-,cc
Llrectors: v 1 Llluwulu, Llnesh Lul, R M Luvld
Robert 'unvun 1rooljen (appointeJw.e.j o.o;.zoo),
Rlzwun Sultun All (appointeJ w.e.j o.o;.zoo),
E C Mudsen (resigneJ w.e.j o.o;.zoo)
Eurlhurun lyer (resigneJ w.e.j o.o;.zoo)
Stuted cupltul: Rs. c,ccc,ccc
South Asia Cateway 1erminals (Pvt) Ltd (az.)
Ports & shlpplng servlces
Port of Colombo, P.C. 8ox , Colombo .
: z=,=cc
Llrectors: S C Rutnuyuke Chulrmun,
A L Cunewurdene, ' R l Pelrls, R M Luvld,
C luo Cheng, E C Mudsen, E M 'epsen,
E C vleske, Lr S S Seneruth,
L C Aluguruthnum, N leppetlpolu,
l N ' 8ulendru (AppointeJ w.e.j o.o;.zoo),
C Menkhorst (AppointeJ w.e.j ,.o;.zoo)
L Luff (resigneJ w.e.j z;.o,.zoo),
' E Mudsen (resigneJ w.e.j 8.o,.zoo),
L L Rumunuyuke (resigneJ w.e.j ,o.o6.zoo),
Stuted cupltul: Rs. -,,88,8=,cc
Logistics
DBL keells (Pvt) Ltd (<o)
Lxpress courler servlces
No. 8, vuuxhull Street, Colombo z.
: z-c-c j ,86cc
Llrectors: S C Rutnuyuke Chulrmun,
R M Luvld, M A Montelro, S P C Cng
Stuted cupltul: Rs. zc,ccc,czc
1ohn keells Logistics (Pvt) Ltd (oo)
lntegruted supply chuln & thlrd purty loglstlcs solutlons
No. , York Street, Colombo
: z,=zcc
Llrectors: S C Rutnuyuke Chulrmun,
' R l Pelrls, R M Luvld, A.L. Cunuwurdene,
L L Rumunuyuke (resigneJ w.e.j ,o.o6.zoo)
Stuted cupltul: Rs. zcc,ccc,ccc
1ohn keells Logistics India (Pvt) Ltd (oo)
(lormuly known us Mutheson leells Lnterprlses (Pvt) Ltd)
Shlpplng ugency representutlon & loglstlcs servlces
No.zz, th lloor, Cxford Puluzzo,
Rustumbugh Muln Roud, Cff Alrport Roud,
8ungulore =6cc,, lndlu
: (c8c)zcccc, zcccc=
Llrectors: S C Rutnuyuke Chulrmun,
R M Luvld, R S lernundo,
L L Rumunuyuke (resigneJ w.e.j oz.o;.zoo),
Stuted cupltul: Rs. zc,,c,
1ohn keells Logistics Lanka (Pvt) Ltd (oo)
(lormuly known us Muck lnternutlonul lrelght (Pvt) Ltd)
lnternutlonul frelght forwurder & loglstlcs servlces
No. , York Street, Colombo
: z,=zcc
Llrectors: S C Rutnuyuke Chulrmun,
' R l Pelrls, R M Luvld,
L L Rumunuyuke (resigneJ w.e.j ,o.o6.zoo)
Stuted cupltul: Rs. 6=,ccc,ccc
Lanka Marine Services (Pvt) Ltd (.aa)
lmporter & suppller of heuvy murlne fuel olls
& lubrlcunts
No. , Leyden 8ustlun Roud, Colombo
: z,=zcc
Llrectors: S C Rutnuyuke Chulrmun,
A L Cunewurdene, ' R l Pelrls,
R M Luvld, R S lernundo
L L Rumunuyuke (resigneJ w.e.j ,o.o6.zoo)
Stuted cupltul: Rs. -=c,ccc,ccc
Mackinnon Mackenzie &Co of Ceylon Ltd (.<)
lorelgn recrultment ugents & consultunts
No. , York Street, Colombo
: z,=zcc
Llrectors: S C Rutnuyuke Chulrmun,
' R l Pelrls, R M Luvld
Stuted cupltul: Rs. c,ccc
1ransware Logistics (Pvt) Ltd (<o)
lntegruted contulner depot. operutlons &
loglstlcs servlces
No.=c,=cj, Pumunugumu Roud, 1udellu, 'uLlu
: zz-z=,, 8,
Llrectors: S C Rutnuyuke Chulrmun,
' R l Pelrls, R M Luvld, 2 M Amln,
C l Llung (resigneJ w.e.j ,o.z.zoo)
Stuted cupltul: Rs. zzc,ccc,ccc
Whittall 8oustead Ltd Cargo Division (.6)
lnternutlonul frelght forwurder & loglstlcs servlces
No.8, vuuxhull Street Colombo z
: z,=z
Llrectors: S C Rutnuyuke Chulrmun,
A L Cunewurdene, ' R l Pelrls, R M Luvld,
S Rujendru
Stuted cupltul: Rs. ,-c,-cc
Airlines
1ohn keells Air Services India (Pvt) Ltd (oo)
(lormuly known us Mutheson leells Alr
Servlces (Pvt) Ltd)
Cenerul sules ugents for ulrllnes ln lndlu.
No.zz, th lloor, Cxford Puluzzo,
Rustumbugh Muln Roud, Cff Alrport Roud,
8ungulore =6cc,, lndlu
: (c8c)zcccc, zcccc=
Llrectors: S C Rutnuyuke Chulrmun,
R M Luvld, R S lernundo,
L L Rumunuyuke (resigneJ w.e.j oz.o;.zoo),
Stuted cupltul: Rs. ,,=,c,
Mack Air (Pvt) Ltd (oo)
Cenerul sules ugents for ulrllnes
No. A, York Street, Colombo
: 'et Alrwuys z,=-,=
Llrectors: S C Rutnuyuke Chulrmun,
' R l Pelrls, R M Luvld, C N Luwrence,
L L Rumunuyuke (resigneJ w.e.j ,o.o6.zoo)
Stuted cupltul: Rs. z,=cc,ccc
Mack Air Services Maldives (Pte) Ltd (a)
Cenerul sules ugents for ulrllnes ln Muldlves
th lloor, S1C Alfuunu 8ulldlng,
8oduthukurufuunu Mugu, Mule zcc=
Republlc of Muldlves
: 6c---,c8 c
Llrectors: S C Rutnuyuke Chulrmun,
' R l Pelrls, R M Luvld, S Eumeed, A Shlhub
Stuted cupltul: Rs. 6,,,8
Mackinnons 1ravels (Pvt) Ltd (oo)
(lormully known us Mucklnnons Amerlcun Lxpress 1ruvel
(Pvt) Ltd)
lA1A uccredlted truvel ugent und truvel reluted servlces
Ceylon Cold Stores 8ulldlng
No. , 'ustlce Akbur Muwuthu, Colombo z
: z-86cc z-86
Llrectors: S C Rutnuyuke Chulrmun,
R M Luvld,
' R l Pelrls (AppointeJ w.e.j o.o;.zoo),
l l Mukerjl (resigneJ w.e.j ,o..zoo),
L L Rumunuyuke (resigneJ w.e.j ,o.o6.zoo),
M lupur (appointeJ w.e.j ,o.o;.zoo anJ
resigneJ w.e.j ,o..zoo)
Stuted cupltul: Rs. =,ccc,ccc
LLISURL
Botel Management
keells Botel Management Services Ltd (oo)
Munuger & murketer of resort hotels
No.-c, Clennle Street, Colombo z.
: z-c66cc, zzc8
Llrectors: S C Rutnuyuke Chulrmun,
A L Cunewurdene, ' R l Pelrls,
' L P lehelpunnulu
Stuted cupltul: Rs. ,=zc,ccc
1ohn keells Maldivian Resorts (Pte) Ltd (8z.)
Eoldlng compuny of hotel compunles ln Muldlves
,nd lloor,E.Mlzun 8ulldlng,
Sosun Mugu, Mule, Republlc of Muldlves
: cc6c ---,-8 jcc6c --z6z
Llrectors: S C Rutnuyuke Chulrmun,
A L Cunewurdene, ' R l Pelrls,
' L P lehelpunnulu
Stuted cupltul: Rs.z,,68,68
1ohn keells Botels PLC (8z.)
Eoldlng compuny of group resort hotel compunles
ln Srl Lunku & Muldlves
No.-c, Clennle Street, Colombo z.
: z-c66cc
Llrectors: S C Rutnuyuke Chulrmun,
A L. Cunewurdene, ' R l Pelrls,
' L P lehelpunnulu, M A Cmur, R 1 vljeslnhu,
L A Cubruul,
C S A Cunusekuru (resigneJ w.e.j ,o.o6.zoo)
Stuted cupltul: Rs.,=cc,z6,-
1ohn keells Botels Mauritius (Pvt) Ltd (8z.)
Eoldlng compuny of hotel compunles ln the Muurltlus
llS Court, 1wentyLlght, Cyberclty, Lbene,Muurltlus
: (z-c) 6, -ccc
Llrectors: l L 'oory Chulrmun
A L Cunewurdene, ' R l Pelrls, l Soreefun
Stuted cupltul: Rs.8,-=
City Botels
Asian Botels and Properties PLC Cinnamon Crand (8|.8o)
Cwner & operutor of the flve stur clty hotel "Clnnumon
Crund"
,,, Culle Roud, Colombo -
: z-,-, jz,z
Llrectors: S C Rutnuyuke Chulrmun,
A L Cunewurdene, ' R l Pelrls, R ' lurunurujuh,
8 M Amurusekeru, l Sumuruwlckrumu,
S Rujendru,
A R Cunusekuru (AppointeJ w.e.j o8.o.zoo),
S l C Senunuyuke (AppointeJ w.e.j o8.o.zoo),
S A 'uyusekuru (AppointeJ w.e.j o8.o.zoo),
M 1 L lernundo (resigneJ w.e.j o.o8.zoo)
Stuted cupltul: Rs.-,-=,8,cz
1rans Asia Botels PLC (8<.oz)
Cwner & operutor of the flve stur clty hotel "Clnnumon
Lukeslde".
No. =,Slr Chlttumpulum A. Curdlner Muwuthu, Colombo z.
: zccc
Llrectors: S C Rutnuyuke Chulrmun,
A L Cunewurdene, ' R l Pelrls, L S ' Pelpolu,
N L Coonerutne, R L Nunuyukkuru,
A R Cunusekuru
C S A Cunusekuru (resigneJ w.e.j ,o.o6.zoo)
Stuted cupltul: Rs.,z,8,,,=c
Resort Botels Sri Lanka
8eruwala Boliday Resorts (Pvt) Ltd (o.za)
Cwner of Reul Lstute
No.-c, Clennle Street, Colombo z.
: z-c66cc, zzc8
Llrectors: SCRutnuyuke Chulrmun(AppointeJw.e.j zz.o.zoo),
A L Cunewurdene (AppointeJ w.e.j zz.o.zoo),
' R l Pelrls (AppointeJ w.e.j zz.o.zoo)
Stuted Cupltul: Rs. 66,ccc,ccc
Ceylon Boliday Resorts Ltd8entota 8each Botel (8.8)
Cwner & operutor of 8entotu 8euch ln 8entotu
Culle Roud, 8entotu
: c- zz,=,6 j c- zz,=z66
Llrectors: S C Rutnuyuke Chulrmun,
A L Cunewurdene, ' R l Pelrls,
' L P lehelpunnulu
Stuted cupltul: Rs. z=8,8c-,-
CROUP DIRLC1ORY
CROUP DIRLC1ORY
Accrual basis
Recordlng revenues &expenses ln the perlod ln whlch they ure eurned
or lncurred regurdless of whether cush ls recelved or dlsbursed ln thut
perlod.
8eta
Covurlunce between dully murket return und dully 'lE shure return
dlvlded by vurlunce of dully 'lE shure return over u perlod of = yeurs.
Capital employed
Shureholders' funds plus mlnorlty lnterest und debt.
Capital structure leverage (CSL)
Averuge totul ussets dlvlded by uveruge shureholders equlty.
Cash earnings per share
Proflt ufter tux udjusted for non cush ltems mlnus shure of ussoclute
compuny proflts plus dlvldends from ussoclute compunles dlvlded by
the welghted uveruge number of ordlnury shures ln lssue durlng the
perlod.
Cash interest and tax cover
Cush flow from operutlons before worklng cupltul chunges dlvlded by
cush lnterest und tux puyments.
Cash ratio
Cush plus short term lnvestments dlvlded by current llubllltles.
Cash to price earnings
Llluted murket prlce per shure dlvlded by dlluted cush eurnlngs per
shure.
Common earnings leverage (CLL)
Proflt uttrlbutuble to equlty holders of the purent dlvlded by proflt
ufter tux.
Contingent liabilities
A condltlon or sltuutlon exlstlng ut the bulunce sheet dute due to pust
events, where the flnunclul effect ls not recognlsed becuuse:
. the obllgutlon ls crystulllsed by the occurrence or non
occurrence of one or more future events or,
z. u probuble outflow of economlc resources ls not expected or,
-. lt ls unuble to be meusured wlth sufflclent rellublllty.
Current ratio
Current ussets dlvlded by current llubllltles.
Debtjequity ratio
Lebt us u percentuge of shureholders' funds und mlnorlty lnterest.
Diluted earnings per share (LPS)
Proflt uttrlbutuble to equlty holders of the purent dlvlded by the
welghted uveruge number of ordlnury shures ln lssue durlng the
perlod udjusted for optlons grunted but not exerclsed.
Dividend payout ratio
Llvldend us u percentuge of compuny proflts udjusted for non cush
gulns ltems.
Dividend yield
Llvldends udjusted for chunges ln number of shures ln lssue us u
percentuge of the shure prlce ut the end of the perlod.
Larnings per share
Proflt uttrlbutuble to equlty holders of the purent dlvlded by the
welghted uveruge number of ordlnury shures ln lssue durlng the
perlod.
L8I1
Lurnlngs before lnterest und tux (lncludes other operutlng lncome).
L8I1 margin
L8l1 dlvlded by turnover lncluslve of shure of ussoclute compuny
turnover.
L8I1DA
Lurnlngs before lnterest, tux, depreclutlon und umortlsutlon.
Lffective rate of taxation
1ux expense dlvlded by proflt before tux.
Lv (enterprise value)
Murket cupltullsutlon plus net debt.
Interest cover
Consollduted proflt before lnterest und tux over flnunce expenses.
Long termdebt to 1otal debt
Long term louns us u percentuge of totul debt.
Market capitalisation
Number of shures ln lssue ut the end of perlod multlplled by the
murket prlce ut end of perlod.
Market value added
Murket cupltullsutlon mlnus shureholder's funds.
Net assets
1otul ussets mlnus current llubllltles mlnus long term llubllltles mlnus
mlnorlty lnterest.
Net assets per share
Net ussets dlvlded by the number of shures ln lssue.
Net debt (cash)
1otul debt mlnus (cush plus short term deposlts).
Net profit margin
Proflt ufter tux dlvlded by turnover lncluslve of shure of ussoclute
compuny turnover.
Net working capital
Current ussets mlnus current llubllltles.
Price earnings ratio
Murket prlce per shure (dlluted) over dlluted eurnlngs per shure.
Price to book ratio
Murket prlce per shure (dlluted) over net usset vulue per shure.
Ouick ratio
Cush plus short term lnvestments plus recelvubles, dlvlded by current
llubllltles.
Return on assets
Proflt ufter tux dlvlded by the uveruge totul ussets.
Return on capital employed
Consollduted proflt before lnterest und tux us u percentuge of uveruge
cupltul employed.
Return on equity
Proflt uttrlbutuble to shureholders us u percentuge of uveruge
shureholders' funds.
Sales to assets ratiojtotal asset turnover
1urnover lncludlng shure of ussoclute compuny turnover dlvlded by
uveruge totul ussets.
Share turn ratio
1otul volume of shures truded durlng the yeur dlvlded by uveruge
number of shures ln lssue.
Shareholders funds
1otul of stuted cupltul, cupltul reserves und revenue reserves.
1otal debt
Long term louns plus short term louns und overdrufts.
1otal equity
Shureholders funds plus mlnorlty lnterest.
1otal shareholder return
(P Pc L) j Pc x cc
P = Murket prlce ut the end of the flnunclul yeur
Pc = Llluted murket prlce ut the end of the prevlous flnunclul
yeur
L = Adjusted dlvldend for the yeur
=
Name of company
'ohn leells Eoldlngs PLC
Legal form
Publlc Llmlted Llublllty Compuny
lncorporuted ln Srl Lunku ln ,
Crdlnury Shures llsted on the Colombo Stock Lxchunge
CLRs llsted on the Luxembourg Stock Lxchunge
Company registration No.
PC
Directors
S C Rutnuyuke Chulrmun
A L Cunewurdene Leputy Chulrmun
' R l Pelrls
L l C Ameruslnghe
1 Lus
S Lnderby
P L Rodrlgo
S S 1lruchelvum
Senior Independent Director
L l C Ameruslnghe
Audit Committee
P L Rodrlgo Chulrmun
L l C Ameruslnghe
S Lnderby
S S 1lruchelvum
Remuneration Committee
L l C Ameruslnghe Chulrmun
P L Rodrlgo
S S 1lruchelvum
Nominations Committee
1 Lus Chulrmun
S Lnderby
S C Rutnuyuke
S S 1lruchelvum
8ankers
8unk of Ceylon
Cltlbunk NA
Commerclul 8unk
Leutsche 8unk AC
LlCC 8unk
LlCC vurdhunu 8unk
Eutton Nutlonul 8unk
Eongkong und Shunghul 8unklng Corporutlon
lClCl 8unk
Nutlons 1rust 8unk
Pun Aslu 8unklng Corporutlon
People's 8unk
Sumputh 8unk
Seylun 8unk
Stundurd Churtered 8unk
Depository for CDRs
Cltlbunk NA
New York
Registered office of the company
-c Clennle Street
Colombo z
Srl Lunku
Contact details
P.C.8ox ,6
-c Clennle Street
Colombo z
Srl Lunku
lnternet : www.keells.com
Lmull : jkh@keells.com
Secretaries and Registrars
leells Consultunts Llmlted
-c Clennle Street
Colombo z
Srl Lunku
1elephone : () z-c 6z=
lucslmlle : () z- c-,
Investor Relations
'ohn leells Eoldlngs PLC
P.C. 8ox ,6
-c Clennle Street
Colombo z
Srl Lunku
1elephone : () z-c 66,
() z-c 6ccc
lucslmlle : () z-c 66c
lnternet : www.keells.com
Lmull : lnvestor.relutlons@keells.com
Contact for media
Corporute Communlcutlons Llvlslon
'ohn leells Eoldlngs PLC
P.C. 8ox ,6
-c Clennle Street
Colombo z
Srl Lunku
1elephone : () z-c 6
lucslmlle : () , ,,c6
Auditors
Lrnst & Young
Churtered Accountunts
P.C. 8ox c
Colombo
Srl Lunku
CORPORA1L INIORMA1ION
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
6
Notlce ls hereby glven thut the 1hlrty llrst Annuul Cenerul
Meetlng of 'ohn leells Eoldlngs PLC wlll be held on z8 'une
zcc ut c.cc u.m. ut 1he Audltorlum, 1he lnstltute of
Churtered Accountunts of Srl Lunku, -cA, Mululusekeru
Muwuthu (Longdon Pluce), Colombo ,.
1he buslness to be brought before the meetlng wlll be:
to reud the notlce convenlng the meetlng.
to recelve und conslder the Annuul Report und llnunclul
Stutements for the llnunclul Yeur ended - Murch zcc wlth
the Report of the Audltors thereon.
to reelect us Llrector, Mr. ' R l Pelrls, who retlres ln terms
of Artlcle 8 of the Artlcles of Assoclutlon of the compuny.
to reelect us Llrector, Mr. A LCunewurdene, who retlres ln
terms of Artlcle 8 of the Artlcles of Assoclutlon of the
compuny.
to reelect us Llrector, Mr. 1 Lus who ls over the uge of ,c
yeurs und who retlres ln terms of sectlon zc of the
Compunles Act No. , of zcc,, for whlch notlce of the
followlng ordlnury resolutlon hus been glven by u member:
1EA1 the uge llmlt stlpuluted ln Sectlon zc of the
Compunles Act No. , of zcc, shull not upply to Mr. 1 Lus,
who ls , yeurs und thut he be reelected u Llrector of the
compuny.
to uuthorlse the dlrectors to determlne und muke
donutlons.
to reuppolnt Audltors und to uuthorlse the dlrectors to
determlne thelr remunerutlon.
to conslder uny other buslness of whlch due notlce hus
been glven.
8y order of the bourd
'CEN lLLLLS ECLLlNCS PLC
keells Consultants Limited
Secretaries
, Vay zoo
Notes:
l. A member unuble to uttend ls entltled to uppolnt u Proxy
to uttend und vote ln hlsjher pluce.
ll. A Proxy need not be u member of the Compuny.
lll. A member wlshlng to vote by Proxy ut the Meetlng muy
use the Proxy lorm enclosed.
lv. ln order to be vulld, the completed Proxy lorm must be
lodged ut the Reglstered Cfflce of the Compuny not less
thun 8 hours before the meetlng.
NO1ICL OI MLL1INC
,
IORMOI PROXY
ljve . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . of
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . belng u
memberjs of 'ohn leells Eoldlngs PLC hereby uppolnt
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . of
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . or fulllng hlmjher
MR. SUSAN1EA CEAMlNLA RA1NAYAlL of Colombo, or fulllng hlm
MR. A'l1 LAMCN CUNLvARLLNL of Colombo, or fulllng hlm
MR. 'AMLS RCNNlL lLLl1US PLlRlS of Colombo, or fulllng hlm
MR. LMMANULL lRANlLYN CAMlNl AMLRASlNCEL of Colombo, or fulllng hlm
MR. 1ARUN LAS of lndlu, or fulllng hlm
MR. S1LvLN LNLLR8Y of lndlu, or fulllng hlm
MR. PARAlRAMA LLvASlRl RCLRlCC of Colombo, or fulllng hlm
MRS. Sl1ElL SU8AENlYA 1lRUCELLvAM of Colombo
us myjour proxy to represent mejus und vote on myjour behulf ut the 1hlrty llrst Annuul Cenerul Meetlng of the Compuny
to be held on z8 'une zcc ut c.cc u.m. und ut uny udjournment thereof, und ut every poll whlch muy be tuken ln
consequence thereof.
Slgned on thls duy of 1wo 1housund und 1en.
.
Signature/s oj SnarenolJer/s
NO1L:
lNS1RUC1lCNS AS 1C CCMPLL1lCN Cl PRCY lCRM ARL NC1LL CN 1EL RLvLRSL.
'ohn leells Eoldlngs PLC ~ Annuul Report zccjc
8
INS1RUC1IONS AS 1OCOMPLL1IONOI PROXY
. Pleuse perfect the lorm of Proxy by fllllng ln leglbly your full nume und uddress, slgnlng ln the spuce provlded und fllllng
ln the dute of slgnuture.
z. 1he completed lorm of Proxy should be deposlted ut the Reglstered Cfflce of the Compuny ut No. -c, Clennle Street,
Colombo z, not luter thun 8 hours before the tlme uppolnted for the holdlng of the Meetlng.
-. lf the lorm of Proxy ls slgned by un Attorney, the relevunt Power of Attorney should uccompuny the completed lorm of
Proxy for reglstrutlon, lf such Power of Attorney hus not ulreudy been reglstered wlth the Compuny.
. lf the uppolnter ls u compuny or Corporutlon, the lorm of Proxy should be executed under lts Common Seul or by u duly
uuthorlsed offlcer of the compuny or Corporutlon ln uccordunce wlth lts Artlcles of Assoclutlon or Constltutlon.
=. lf thls lorm of Proxy ls returned wlthout uny lndlcutlon of how the person uppolnted us Proxy shull vote, then the Proxy
shull exerclse hlsjher dlscretlon us to how hejshe votes or, whether or not hejshe ubstulns from votlng.
Pleuse flll ln the followlng detulls:
Nume : ..............................................................................................................................
Address : ..............................................................................................................................
...............................................................................................................................
...............................................................................................................................
'olntly wlth : ..............................................................................................................................
Shure lollo No. : ..............................................................................................................................
www.keells.com