Ratio Analysis
Made in Ceylon
HAYLEYS EXPORTS PLC ANNUAL REPORT 2011-2012
FINANCIAL HIGHLIGHTS NOTICE OF MEETING GRAPHICAL REVIEW CORPORATE INFORMATION INFORMATION TO SHAREHOLDERS CHAIRMAN'S REVIEW 1 2 3 4 6 7 10 9
CONTENTS
MANAGING DIRECTOR’S REVIEW PROFILES OF DIRECTORS
STATEMENT OF DIRECTORS’ RESPONSIBILITIES CORPORATE GOVERNANCE
11 13 19 22 23 24 25 26 27 28 47 49
ANNUAL REPORT OF THE BOARD OF DIRECTORS ON THE AFFAIRS OF THE COMPANY AUDIT COMMITTEE REPORT INCOME STATEMENT BALANCE SHEET INDEPENDENT AUDITORS' REPORT
STATEMENT OF CHANGES IN EQUITY CASH FLOW STATEMENT TEN YEAR SUMMARY FORM OF PROXY NOTES TO THE FINANCIAL STATEMENTS
i
ii
FINANCIAL HIGHLIGHTS
HAYLEYS EXPORTS PLC ANNUAL REPORT 2011-2012
Turnover (Rs ‘000) Profit / (Loss) Before Taxation (Rs ‘000) Profit / (Loss) After Taxation (Rs ‘000) Total Equity (Rs ‘000) Net Foreign Exchange Earnings (Rs ‘000) Earnings /(Loss) Per Share (Rs) Net Assets Per Share (Rs) Market Value Per Share (Rs) TURNOVER Rupees Million Company, Joint Venture & Associate 2011/12 595,540 (6,581) (8,001) 334,209 503,857 (1.00) 41.78 28.90 2010/11 734,131 (46,957) (49,482) 342,210 552,287 (6.19) 42.78 45.50
800 700 600 500 400 300 200 100 0
NET PROFIT / (LOSS) Rupees Million
20 10 0 -10 -20 -30 -40 -50 -60 -70 -80
2008
2009
2008
2009
2008
2009
2010
700 600 500 400 300 200 100 0
NET FOREIGN EXCHANGE EARNINGS Rupees Million
2011
2010
2012
2011
2012
2010
2011
2012
1
HAYLEYS EXPORTS PLC ANNUAL REPORT 2011-2012
A PUBLIC LIMITED COMPANY Incorporated in Sri Lanka in 1987 Company Number PQ 21 LEGAL FORM Hatton National Bank PLC Hongkong and Shanghai Banking Corporation Ltd Standard Chartered Bank Seylan Bank PLC People's Bank Commercial Bank of Ceylon PLC Sampath Bank PLC BANKERS Ernst & Young Chartered Accountants, 201, De Saram Place P.O. Box. 101, Colombo. Sri Lanka. AUDITORS LEGAL ADVISORS
CORPORATE INFORMATION
The principal activity of the
HAYLEYS EXPORTS PLC ANNUAL REPORT 2011-2012
FINANCIAL HIGHLIGHTS NOTICE OF MEETING GRAPHICAL REVIEW CORPORATE INFORMATION INFORMATION TO SHAREHOLDERS CHAIRMAN'S REVIEW 1 2 3 4 6 7 10 9
CONTENTS
MANAGING DIRECTOR’S REVIEW PROFILES OF DIRECTORS
STATEMENT OF DIRECTORS’ RESPONSIBILITIES CORPORATE GOVERNANCE
11 13 19 22 23 24 25 26 27 28 47 49
ANNUAL REPORT OF THE BOARD OF DIRECTORS ON THE AFFAIRS OF THE COMPANY AUDIT COMMITTEE REPORT INCOME STATEMENT BALANCE SHEET INDEPENDENT AUDITORS' REPORT
STATEMENT OF CHANGES IN EQUITY CASH FLOW STATEMENT TEN YEAR SUMMARY FORM OF PROXY NOTES TO THE FINANCIAL STATEMENTS
i
ii
FINANCIAL HIGHLIGHTS
HAYLEYS EXPORTS PLC ANNUAL REPORT 2011-2012
Turnover (Rs ‘000) Profit / (Loss) Before Taxation (Rs ‘000) Profit / (Loss) After Taxation (Rs ‘000) Total Equity (Rs ‘000) Net Foreign Exchange Earnings (Rs ‘000) Earnings /(Loss) Per Share (Rs) Net Assets Per Share (Rs) Market Value Per Share (Rs) TURNOVER Rupees Million Company, Joint Venture & Associate 2011/12 595,540 (6,581) (8,001) 334,209 503,857 (1.00) 41.78 28.90 2010/11 734,131 (46,957) (49,482) 342,210 552,287 (6.19) 42.78 45.50
800 700 600 500 400 300 200 100 0
NET PROFIT / (LOSS) Rupees Million
20 10 0 -10 -20 -30 -40 -50 -60 -70 -80
2008
2009
2008
2009
2008
2009
2010
700 600 500 400 300 200 100 0
NET FOREIGN EXCHANGE EARNINGS Rupees Million
2011
2010
2012
2011
2012
2010
2011
2012
1
HAYLEYS EXPORTS PLC ANNUAL REPORT 2011-2012
A PUBLIC LIMITED COMPANY Incorporated in Sri Lanka in 1987 Company Number PQ 21 LEGAL FORM Hatton National Bank PLC Hongkong and Shanghai Banking Corporation Ltd Standard Chartered Bank Seylan Bank PLC People's Bank Commercial Bank of Ceylon PLC Sampath Bank PLC BANKERS Ernst & Young Chartered Accountants, 201, De Saram Place P.O. Box. 101, Colombo. Sri Lanka. AUDITORS LEGAL ADVISORS
CORPORATE INFORMATION
The principal activity of the