Browns Investments. Browns Investments PLC Period ended 31st March 2018 Reg. No. PV 66136PB/PQ

Transcription

1 Browns Investments Browns Investments PLC Period ended 31st March 2018 Reg. No. PV 66136PB/PQ

2 Income Statements Group Quarter ended 31st March Period ended 31st March % Change % Change (Un Audited) ( Un Audited) (Un Audited) Audited) Rs.000 Rs.000 Rs.000 Rs.000 Revenue/ Income 1,389,473 2,866,144 52% 5,147,888 8,910,227 42% Cost of sales (902,627) (1,963,742) 54% (3,055,829) (6,663,076) 54% Gross profit 486, ,402 46% 2,092,059 2,247,151 7% Other income 413, ,236 2% 584, ,501 1% Selling & distribution expenses (93,850) (66,210) 42% (171,480) (156,129) 10% Administrative expenses (326,489) (611,638) 47% (1,552,102) (2,002,126) 22% Other expenses (43,079) (63,963) 33% (79,410) (101,202) 22% Finance income 23,078 2, % 179,748 26, % Finance cost (608,436) (872,339) 30% (2,100,319) (2,200,622) 5% Net change in fair value of consumer biological assets 285, ,580 12% 285, ,815 33% Gain on disposal of fair value through profit or loss investments 891, % 892, ,025 0% Net change in fair value of investment properties 1,595, , % 1,595, , % Gain on disposal of subsidiaries 2,486, % 2,682, % Transfer of translation reserve on disposed foreign associates 61, % 61, % Gain on bargain purchase 105, % 105, % Share of profit/ (loss) of equity accounted investees (Net of tax) 7, % (2,086) % Profit before taxation 1,907,579 3,997,695 52% 1,891,507 2,847,976 34% Taxation (230,353) (305,911) 25% (431,370) (379,799) 14% Profit/(loss) for the period 1,677,226 3,691,784 55% 1,460,137 2,468,177 41% Other comprehensive income Item that will never be reclassified to profit and loss Revaluation surplus on property, plant and equipment 1,081, ,457 1,081, ,457 Deferred tax on revaluation (62,626) (14,300) (62,626) (14,300) Actuarial gains/(losses) on defined benefit obligation (68,761) 54,797 (68,761) 54,797 Tax on other comprehensive income 9,748 (8,145) 9,748 (8,145) Share of other comprehensive income of equity accounted investees 56,587 14,175 56,587 14,175 Item that are or may be reclassified to profit or loss Net change in fair value of availableforsale financial assets 17,215 18,273 50,290 10,738 Exchange gain/(loss) from translation of foreign operation 103,170 30, ,423 80,788 Total other comprehensive income 1,137, ,458 1,194, ,510 Total comprehensive income for the period 2,814,261 3,917,242 2,654,500 2,736,687 Profit attributable to Equity holders of the Company 1,517,635 2,155, ,289 1,016,927 Non controlling interest 159,591 1,536, ,848 1,451,250 1,677,226 3,691,784 1,460,137 2,468,177 Total Comprehensive Income attributable to Equity holders of the Company 2,558,239 2,346,832 1,940,058 1,240,005 Noncontrolling interest 256,022 1,570, ,442 1,496,682 2,814,261 3,917,242 2,654,500 2,736,687 Earnings/(loss) per Share Rs

3 Income Statements Company Quarter ended 31st March Period ended 31st March % Change % Change (Un Audited) (Un Audited) (Un Audited) ( Audited) Rs.000 Rs.000 Rs.000 Rs.000 Revenue/Income 3,380 48,126 93% 338,012 86, % Cost of sales Gross profit 3,380 48,126 93% 338,012 86, % Other income 1, % 364, % Administrative expenses (23,793) (33,948) 30% (87,257) (88,239) 1% Other expenses (65,314) (37,262) 75% (65,314) (37,262) 75% Finance income 189, ,000 80% 581, , % Finance cost (343,135) (243,131) 41% (1,120,004) (791,018) 42% Change in Fair value of Investment Properties 129, ,000 40% 129, ,000 40% Profit before taxation (109,651) 54, % 140,707 (365,920) 138% Taxation (1,034) 24, % (1,034) 24, % Profit/(loss) for the period (110,685) 79, % 139,673 (341,071) 141% Other Comprehensive Income Net change in fair value of availableforsale financial assets 13,683 19,959 46,075 12,065 Actuarial gains/(losses) on defined benefit obligation (128) (144) (128) (144) Revaluation Surplus on Property, Plant and equipment 25,891 12,000 25,891 12,000 Total other comprehensive income 39,446 31,815 71,838 23,921 Total comprehensive income for the period (71,239) 111, ,511 (317,150) Earnings (loss) per Share Rs. (0.03) (0.09)

4 Statement of Financial Position Group Company As at As at As at As at (Un Audited) ( Audited) (Un Audited) ( Audited) ASSETS Rs.000 Rs.000 Rs.000 Rs.000 NonCurrent Assets Property, plant and equipment 26,555,898 20,724,926 23, ,072 Investment property 8,046,698 5,939,290 1,513,782 1,000,000 Intangible assets 1,543,272 1,487,337 Prepaid lease rentals 2,481, ,979 Bearer biological assets 1,212,195 1,151,490 Consumer biological assets 3,305,919 2,984,090 Investments in subsidiaries 10,275,752 10,926,559 Investments in equity accounted investees 6,130 1,651,991 4,022 79,388 Other financial assets 1,391,370 1,045,807 1,022, ,025 Deferred tax assets 614, ,961 Loans to related parties 69,869 69,869 45,157,123 36,604,740 12,839,450 13,381,913 Current Assets Inventories 445, ,044 Trade and other receivables 3,382,776 1,690, , ,266 Loans to related parties 118,713 2,185, ,841 Amounts due from related parties 656, ,481 2,553, ,431 Income tax recoverable 14,327 14, ,032 Other financial assets 618,334 1,253, , ,715 Cash and cash equivalents 555,151 4,979,477 12,704 4,268 5,671,815 8,629,424 5,156,435 1,851,553 Total Assets 50,828,938 45,234,164 17,995,885 15,233,466 EQUITY AND LIABILITIES Capital and Reserves Stated capital 7,705,000 7,705,000 7,705,000 7,705,000 Capital reserves 2,781,895 1,728, , ,117 Retained earnings 7,143,530 6,392, , ,422 Equity Attributable to Equity holders of the Company 17,630,425 15,825,741 8,843,050 8,631,539 Non controlling interest 7,387,262 6,106,454 Total Equity 25,017,687 21,932,195 8,843,050 8,631,539 NonCurrent Liabilities Interest bearing borrowings 4,806,890 3,529, , ,552 Finance lease obligations 51,910 65, Retirement benefit obligations 707, ,863 1, Deferred tax liabilities 1,312,741 1,141,361 Deferred income 144, ,203 Loans from related parties 4,007 61,632 7,026,924 5,835, , ,458 Current Liabilities Trade and other payable 2,665,817 1,970, , ,026 Interest bearing loans and borrowings 1,837,536 2,018, ,960 1,405,268 Finance lease obligations 11,484 23, Loans from related parties 1,905,097 2,459,040 5,903, ,417 Amounts due to related parties 11,894,003 10,613,695 2,159,668 3,284,552 Income tax payable 264,189 36,257 Other short term interest bearing liabilities 52, ,608 Bank overdraft 154, ,576 18,784,327 17,466,317 8,901,770 5,736,469 Total Equity and Liabilities 50,828,938 45,234,164 17,995,885 15,233,466 Net Assets per Share (Rs.) The Statement of Financial Position as at 31st March 2018 and related Statements of Comprehensive Income, Changes in Equity and Cash Flow for the period ended 31st March 2018 are drawn up from the unaudited Financial Statements of the Company, its Subsidiaries and Associates, and they provide the information required by the Colombo Stock Exchange. The Board of Directors is responsible for the preparation and presentation of these Financial Statements. The Chief Financial Officer, LOLC Group certifies that the Financial Statements have been prepared in compliance with the requirements of the Companies Act No. 7 of Sgd.. Mrs.S.S. Kotakadeniya Chief Financial Officer, LOLC Group Signed for and on behalf of the Board. Sgd.. Director Colombo 30th May 2018 Sgd.. Director

5 Statement of Changes in Equity Stated Revaluation Foreign currency Available for Revenue Total Non controlling Total capital reserve on translation Reserve sale reserve reserves interest equity PPE Rs.000 Rs.000 Rs.000 Rs.000 Rs.000 Rs.000 Rs.000 Rs.000 Balance as at 1st April ,705,000 1,575,549 28,868 (51,719) 4,733,546 13,991,244 10,344,771 24,336,015 Profit/(loss) for the period 1,016,927 1,016,927 1,451,250 2,468,177 Other comprehensive income 116,442 79,102 11,498 16, ,079 45, ,510 Shares issued by subsidiaries 38,183 38,183 Amortization of revaluation surplus (31,182) 31,182 On acquisition of noncontrolling interest 119, ,157 (496,530) (377,373) Adjustments due to changes in group holdings 475, ,334 (802,994) (327,660) Capital reduction by subsidiaries (257,495) (257,495) On disposal of subsidiaries (4,155,727) (4,155,727) Dividend paid (60,435) (60,435) Balance as at 31st March ,705,000 1,660, ,970 (40,221) 6,392,183 15,825,741 6,106,454 21,932,195 Group Attributable to Equity holders of the Company Balance as at 1st April ,705,000 1,660, ,970 (40,221) 6,392,183 15,825,741 6,106,454 21,932,195 Profit/(loss) for the period 847, , ,848 1,460,137 Other Comprehensive income 919, ,774 48,174 (25,209) 1,092, ,594 1,194,363 Adjustments due to changes in group holdings (73,753) (73,753) (542,204) (615,957) On acquisition of subsidiaries 1,345,000 1,345,000 Transfer of translation reserve on disposed foreign associates (61,621) (61,621) (61,621) Depreciation transfer on revaluation (3,020) 3,020 Dividend paid (236,430) (236,430) Balance as at 31st March ,705,000 2,576, ,123 7,953 7,143,530 17,630,425 7,387,262 25,017,687 Stated Revaluation Available for Revenue Total capital reserve on PPE sale reserve reserves Rs.000 Rs.000 Rs.000 Rs.000 Rs.000 Balance as at 1st April ,705, ,097 (48,045) 1,128,637 8,948,689 Profit/(loss) for the Period (341,071) (341,071) Other Comprehensive income 12,000 12,065 (144) 23,921 Balance as at 31st March ,705, ,097 (35,980) 787,422 8,631,539 Company Balance as at 1st April ,705, ,097 (35,980) 787,422 8,631,539 Profit/(loss) for the Period 139, ,673 Other Comprehensive income 25,891 46,075 (128) 71,838 Balance as at 31st March ,705, ,988 10, ,967 8,843,050

6 Cash Flow Statements Group Company Period ended 31st March Period ended 31st March Rs.000 Rs.000 Rs.000 Rs.000 (Un Audited) (Audited) (Un Audited) (Audited) Cash Flows from Operating Activities Profit/(loss) before taxation 1,891,507 2,847, ,707 (365,920) Adjustment for: (Gain)/loss on disposal of other financial assets (892,476) 33,458 Share of profit/(loss)of equity accounted investees ( Net of tax) 2,086 (317) Amortization of deferred income (12,918) (32,527) (Gain)/loss on changes in fair value of investments (891,026) 7 Depreciation/Amortization 465, ,220 2,273 1,907 Provision for retirement benefit obligations 101, , Impairment of Inventories Write off of capital working progress 18,714 Write off of bearer/consumer biological assets 21,895 Gain on disposal of old rubber trees and other related income (27,635) (167,361) Impairment of trade and other receivables 15,314 16,735 15,314 10,822 Impairment of investments in subsidiaries 50,000 Impairment of tax assets 7,144 Write back of liabilities (19,058) Interest Income (179,748) (26,361) (581,894) (247,568) Net change in fair value of consumer biological assets (285,256) (214,815) (Gain)/Loss on disposal of subsidiary (2,682,987) (362,062) 26,240 Amortization/Impairment of intangible assets 25,077 (Gain)/Loss on disposal of investment properties (980) (980) Net change in fair value of investment properties (1,595,834) (654,898) (129,000) (216,000) Gain/(loss) on disposal of property, plant and equipment (6,899) (16) Transfer of translation reserve on disposed foreign associates (61,621) Gain on bargain purchase (105,610) Interest expense 2,100,319 2,200,622 1,120, ,018 Operating profit before working capital changes 1,438,820 1,350, , Working capital changes (Increase)/decrease in inventories (18,345) (185,940) (Increase)/decrease in trade and other receivable (1,300,252) 10,520 76,352 (6,509) (Increase)/decrease in amounts due from related parties (483,584) (480,572) (1,848,129) (430,766) Increase/(decrease) in amounts due to related parties 1,287,092 1,322,525 (1,124,884) 1,143 Increase/(decrease) in trade and other payables 689, ,501 (140,744) 259,328 Cash generated from/ (used in) operations 1,613,694 2,856,025 (2,782,619) (176,043) Interest paid (2,100,319) (2,182,934) (1,119,814) (790,775) Income tax paid (72,044) (72,406) Retiring gratuity paid (348,039) (194,593) Net cash flows generated from/ (used) operating activities (906,708) 406,092 (3,902,433) (966,818) Cash flows from investing activities Acquisition and construction of property, plant and equipment (2,954,451) (4,568,462) (11,140) (14,533) Proceeds from disposal of subsidiaries 4,853,294 1,505,000 12,000 Investments in subsidiaries (311,800) (542,130) (1,505,229) Investment in intangible assets (3,413) (17,250) Investments in equity accounted investees (1,632,497) (75,365) Net proceeds from disposal of investment properties 16,980 16,980 Investment in Investment properties (56,487) (994) (12,776) Acquisition of leasehold assets (6,693) (2,570) Acquisition of non controlling interest (615,957) (705,033) Capital reduction of subsidiaries (257,495) 255,000 Capital grants received 20,721 Investment in/proceeds from bearer biological assets (33,070) (378,471) Proceeds from consumer biological assets (36,573) 247,328 Net proceeds from sale of other financial assets 1,527,341 (2,896,875) 5,734 Proceeds to long term investments 16,156 (5,001) Net proceeds to loans to related parties 118,713 (57,547) (1,437,640) 146,735 Net proceeds/(investments) of long term investments 15,350 Proceeds from sale of property, plant and equipment 9, Interest received 179,748 19, , ,716 Net cash flows generated from/ (used) in investing activities (2,160,312) (5,351,250) 95,071 (932,829) Cash flows from financing activities Proceeds from interest bearing borrowings 5,120,391 4,105,758 1,001, ,385 Repayment of interest bearing borrowings (4,027,114) (1,809,606) (2,351,780) (441,166) Net proceeds from loans from related parties (2,050,182) 5,975,204 5,166,183 2,182,407 Repayment of finance lease liabilities (25,988) (42,609) (464) (398) Proceeds from issue of shares to non controlling interest 38,183 Net proceeds/(repayments) of other short term interest bearing liabilities (67,443) 106,394 Dividend paid (236,430) (60,435) Net cash flows generated from financing activities (1,286,766) 8,312,889 3,815,798 1,899,228 Net increase / (decrease) in cash and cash equivalents during the period (4,353,786) 3,367,731 8,436 (419) Cash and cash equivalents at the beginning of the period 4,754,901 1,387,170 4,268 4,687 Cash and cash equivalents at the end of the period 401,115 4,754,901 12,704 4,268 Analysis of cash and cash equivalents at the end of the period Cash at bank and in hand 555,151 4,979,477 12,704 4,268 Bank overdraft (154,036) (224,576) 401,115 4,754,901 12,704 4,268

7 Notes to the Financial Statements 1 Corporate Information Browns Investments PLC ( Company ) is a public limited company incorporated and domiciled in Sri Lanka, and listed on the Colombo Stock Exchange. The registered office of the Company is located at 481, T B Jayah Mawatha, Colombo Basis of Preparation The Interim condensed Financial Statements of the Company & Group have been prepared in accordance with the Sri Lanka Accounting Standards (SLFRS/LKAS) which complies with the Sri Lanka Accounting Standard LKAS 34, Interim Financial Reporting. These Interim Financial statements should be read in conjunction with the annual financial statements for the year ended 31st March The Business Office of the Company is located at 34, Sir Mohamed Macan Marker Mawatha, Colombo 03. The Interim Financial Statements of the Group and the Company for the period ended 31st March 2018 was authorised for issue by the Board of Directors on 30th May The presentation and classification of the Financial Statements of the previous year have been amended, where relevant, for better presentation and to be comparable with those of the current period. Segment reporting An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Group s other components. All operating segments operating results are reviewed regularly by Group Board of Directors to make decisions about resources to be allocated to the segment and to assess its performance, and for which discrete financial information is available. Segment Information Group Investments Leisure & Travel Construction Plantation Power Real estate Adjustments Total Rs.000 Rs.000 Rs.000 Rs.000 Rs.000 Rs.000 Rs.000 Rs.000 Rs.000 Rs.000 Rs.000 Rs.000 Rs.000 Rs.000 Rs.000 Rs.000 Revenue/income 764, ,832 1,711,954 2,436, , ,576 2,281,890 5,742, , ,601 1,821 10,525 (640,841) (191,124) 5,147,885 8,910,227 Cost of sales (30,537) (11,391) (436,477) (1,190,081) (350,206) (208,153) (2,034,679) (5,187,429) (193,636) (89,600) (10,291) (11,671) 35,249 (3,055,826) (6,663,076) Gross profit 733, ,441 1,275,477 1,246, , , , , , ,001 (8,470) 1,146 (640,841) (155,875) 2,092,059 2,247,151 Other income 2,827,312 1,240,891 85, ,954 5, , , , ,985 (1,772,845) (618,980) 1,718,140 1,475,055 Net change in fair value of investment properties Net change in fair value of consumer biological assets Gain on disposal of subsidiaries Gain on bargain purchase Share of profit/ (loss) of equity accounted investees 129, , ,954 1,505, ,413 (364,460) (122,514) 1,595, , , , , ,815 4,478,112 (1,795,125) 2,682, , ,610 (2,086) 317 (2,086) 317 Expenses (1,954,664) (1,516,557) (2,267,502) (2,194,645) (114,364) (79,247) (534,848) (1,024,633) (216,124) (167,113) (321,837) (170,692) 1,506, ,638 (3,903,306) (4,427,248) Profit before taxation 1,838,640 4,778,204 (580,992) (826,225) 116,362 55, , ,271 44,297 (57,112) 1,464, ,560 (1,272,113) (1,966,856) 1,891,507 2,847,976 Taxation (245,341) (25,277) (72,111) (40,406) (17,731) (6,695) (80,348) (144,064) (728) (2,444) (15,111) (160,913) (431,370) (379,799) Profit after taxation 1,593,299 4,752,927 (653,103) (866,631) 98,631 48, , ,207 43,569 (59,556) 1,449, ,647 (1,272,113) (1,966,856) 1,460,137 2,468,177 Segment assets Noncurrent Assets 24,016,800 23,884,567 32,500,301 21,406, , ,161 5,779,174 5,441,162 2,596,872 2,750,141 7,122,871 5,613,656 (27,104,580) (22,614,720) 45,157,123 36,604,740 Current assets 13,014,933 9,439,116 3,441,854 1,779, , , , , , ,924 1,434, ,096 (13,664,388) (4,163,581) 5,671,815 8,629,421 37,031,733 33,323,683 35,942,155 23,185, , ,338 6,214,138 5,950,647 2,982,296 3,080,065 8,557,443 6,089,752 (40,768,968) (26,778,301) 50,828,938 45,234,161 Segment Liabilities Noncurrent Liabilities 261, ,611 3,458,122 1,339,240 27,453 20,763 2,248,185 1,720,617 1,515,103 1,715, , ,472 (671,393) (162,494) 7,026,924 5,835,705 Current liabilities 13,366,924 10,191,996 13,730,482 7,481, , ,172 2,657,108 3,063, , ,220 1,511, ,789 (13,462,243) (4,150,682) 18,784,327 17,466,262 13,628,386 11,062,607 17,188,604 8,820, , ,935 4,905,293 4,784,379 1,907,752 2,070,716 1,699, ,261 (14,133,636) (4,313,176) 25,811,251 23,301,967 4 Stated Capital Stated Capital is represented by number of shares in issue as given below: Ordinary Shares ( Nos.000) 3,720,000 3,720,000 5 Contingent Liabilities There has not been a significant change in the nature of the contingent liabilities, which were disclosed in the Annual Report for the year ended 31st March 2017.

8 Notes to the Financial Statements 6 Earnings per Share The computation of the Basic Earnings per Ordinary Share has been done based on net profit attributable to ordinary shareholders for the period, divided by weighted average number of ordinary shares in issue as at the balance sheet date and calculated as follows. For the year Net Profit / (loss) attributable to ordinary shareholders ( Rs.000) Weighted average number of ordinary shares in issue (Nos.) Basic/diluted earnings per ordinary share (Rs.) Group Company 847,289 1,016, ,673 (341,071) 3,720,000,000 3,720,000,000 3,720,000,000 3,720,000, (0.09) For the quarter Net Profit / (loss) attributable to ordinary shareholders ( Rs.000) Weighted average number of ordinary shares in issue (Nos.) Basic/diluted earnings per ordinary share (Rs.) 1,517,635 2,155,682 (110,685) 79,710 3,720,000,000 3,720,000,000 3,720,000,000 3,720,000, (0.03) Events after the reporting date No circumstances have arisen since the reporting date which would require adjustments or disclosures in the Interim Financial Statements other than those disclosed below. Amalgamation with Browns Capital PLC The Board of Directors of Browns Investments PLC at its meeting held on 22nd May 2018 approved the amalgamation with its subsubsidiary Browns Capital PLC subject to Colombo Stock Exchange, Shareholders and other requisite approvals. Browns Investments PLC will be the remaining entity after amalgamation. Browns Investments PLC will issue shares to the shareholders of Browns Capital PLC at a ratio recommended by an independent valuation report and subject to other requisite approvals. 8 Gain on bargain purchase Browns Commodities & Logistics ( Pvt) Ltd, a subsidiary of the Group acquired assets and liabilities of a business pertaining to manufacturing of wooden pallets during the quarter. Provisional goodwill calculations are as follows; Rs.000 Property, plant and equipment 324,851 Inventories 25,774 Trade and other receivables 24,284 Cash and cash equivalents (357) Retirement benefit obligations (5,168) Trade and other payable (13,774) Net identifiable assets and liabilities 355,610 Fair value of consideration paid (250,000) Gain on bargain purchase 105,610

9 Notes to the Financial Statements 9 Share Information 9.1 Market Price per Share The market value of an ordinary share of Browns Investments PLC was as follows: Rs. Rs. Last traded price recorded for 3 months ended Highest price recorded for 3 months ended Lowest price recorded for 3 months ended Public Share Holdings as at 31st March 2018 No. of shares held by public 746,311,481 No. of public shareholders 8,361 Percentage of shares held by the Public 20.06% Float adjusted market capitalisation (Rs' 000) 2,014,826 Under which option the listed entity compliesoption Twenty Major Shareholders Name of Share holders Number of (%) Shares 1 Brown & Company PLC A/C No: 03 1,200,000, LOLC Investments Ltd 509,855, Oxford Capital ( Pvt) Ltd 370,000, Mrs. Pubudhu Saranga Wijekumari Rupasinghe 277,722, Commercial Trust Technologies ( Pvt) Ltd 266,710, Brown & Company PLC A/C No: ,334, Lanka Century Investments PLC 126,485, Dr. Ruwanpura Rohitha De Silva 111,592, LOLC Finance PLC/Mrs. J.M.S. Rohini 89,904, Commercial Bank of Ceylon/Mr. S. V. Somasunderam 50,000, Seylan Bank PLC / Brown & Co PLC 49,377, Mr. Ishara Chinthaka Nanayakkara 40,000, Lanka Orix Leasing Co PLC 28,688, Capital Trust Holdings Ltd 27,969, Mr. Don Nimal Nayana Lokuge 26,207, Ceylinco General Insurance Ltd 20,000, Hatton National Bank PLC/ Capital Trust Holdings Limited 17,902, Pan Asia Banking Corporation/ Mr. A.C.Jayasinghe 17,882, Mr. Bhagwan Wassiamal Kundanmal 17,416, National Savings Bank 14,367, Total 3,491,417, Directors' share holdings Number of Shares Mr. I.C. Nanayakkara 40,000,000 Mr. W.D.Kapila Jayawardena Mrs. K.U. Amarasinghe Mr. D.S.K Amarasekera Mr. S. Furkhan Dr. Harsha Cabral, PC (Resigned w.e.f ) Dr. J.M. Swaminathan 40,000,000

10 Corporate Information Name of the Company Browns Investments PLC Legal Form A Public Limited Liability Company incorporated in Sri Lanka on 10th November 2008 under the Companies Act No.07 of 2007 and the Company was listed on the Diri Savi Board of the Colombo Stock Exchange on 26th July Company Registration Number PV 66136PB/PQ Board of Directors I.C. Nanayakkara Executive Chairman W.D.Kapila JayawardenaNon Executive Director Mrs. K.U. AmarasingheNon Executive Director D.S.K. Amarasekera Non Executive Director S. Furkhan Independent Non Executive Director Dr. Harsha Cabral, PCIndependent Non Executive Director (resigned w.e.f 1st February 2018) Dr. J.M. SwaminathanIndependent Non Executive Director Secretaries L O L C Corporate Services (Pvt) Ltd 100/1, Sri Jayawardenepura Mawatha, Rajagiriya Registered Office No. 481, T.B. Jayah Mawatha, (Darley Road), Colombo 10 Tel: Business Address 100/1, Sri Jayewardenepura Mawatha Rajagiriya Fax No. : Tel: Website: Auditors Messrs. KPMG Chartered Accountants No 32 A, Sir Mohamed Macan Marker Mawatha P.O.Box 186 Colombo 3. Bankers Bank of CeylonHead Office Branch Hatton National Bank PLC Nations Trust Bank PLC Sampath Bank PLC Seylan Bank PLC Union Bank of Sri Lanka