To be a global corporate role model in community-friendly national development
Our Mission
Serve the rural community, our customers and all other stakeholders, through our core business - food with love - and other related businesses, based on the three main principles of:
Reducing the cost of living
Enhancing youth skills
Bridging regional disparity
by enhancing local and global markets.
The challenging operating environment of the past year has reinforced our commitment to the Cargills philosophy of community development. By growing with our partners, we have been able to create shared value, give back to our communities, and support the national economic recovery efforts. We continued to invest in building markets across the country, expanding production capacity, strengthening distribution channels, and driving digitalisation across our business units. Despite the challenges which prevailed, including high market interest rates and difficulty in importing capital goods, the Group invested Rs. 10.8 Bn. during the reporting period.
Louis Page
Chairman
The Management is confident the Company will be able to navigate through this turbulent environment. The investments we have made in the past, as well as the selective investments we will continue to make, will position the Company to grow and expand its reach within the Sri Lankan market and beyond.
Imtiaz Abdul Wahid
Group Managing Director
1
Cargills (Ceylon)
PLC
Annual Report 2022/23
04
PREAMBLE
04 THE CARGILLS JOURNEY
2 13 OUR LEGACY
Cargills
16
HIGHLIGHTS
(Ceylon)
PLC
Annual
16
Financial Highlights
Report
2022/23
2022/23
18
Business Impact Highlights
2022/23
OUR BUSINESS
20
22
24
30
CHAIRMAN'S
MANAGING
TAKING
MESSAGE
DIRECTOR'S
STOCK
MESSAGE
CREATING
DRIVING
A DISCUSSION
SHARED
PRODUCTIVITY
ON HOW WE ARE
VALUE, GIVING
TO PROVIDE
FARING IN LIVING
BACK TO OUR
AFFORDABLE
OUR PURPOSE
COMMUNITY,
NUTRITION
A REVIEW OF OUR OPERATIONS
AND
30
31
Operating Segments
SUPPORTING
54
Shared Services
THE NATIONAL
COMMUNITY FRIENDLY
ECONOMIC
56
RECOVERY
NATIONAL DEVELOPMENT
57
Our Approach to Sustainability
59
Reducing the Cost of Living
68
Bridging Regional Disparity
98
Healthy, Safe and Affordable
Nutrition
116
Enhancing Youth Skills
126
Building Equality, Diversity
and Inclusivity
150
Playing our Part for the Planet
CONTENTS
162
STEWARDSHIP
162 BOARD OF DIRECTORS
167 CORPORATE GOVERNANCE
187 ENTERPRISE RISK MANAGEMENT
191 ANNUAL REPORT OF THE DIRECTORS ON THE AFFAIRS OF THE COMPANY
STATEMENT OF DIRECTORS' RESPONSIBILITY
INDEPENDENT ASSURANCE REPORT
199
FINANCIAL
STATEMENTS
200 INDEPENDENT AUDITOR'S REPORT
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
STATEMENT OF FINANCIAL POSITION
STATEMENT OF CHANGES IN EQUITY
STATEMENT OF CASH FLOWS
NOTES TO THE FINANCIAL STATEMENTS
255
ANNEXURES
256 ABOUT THE REPORT
257 Stakeholder Engagement
259 Materiality
259 GRI Content Index
FIVE YEAR FINANCIAL SUMMARY
INVESTOR RELATIONS SUPPLEMENT
GROUP REAL ESTATE PORTFOLIO
NOTICE OF ANNUAL GENERAL MEETING
ENCLOSED - FORM OF PROXY
INNER BACK COVER -
CORPORATE INFORMATION
3
Cargills (Ceylon)
PLC
Annual Report 2022/23
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Cargills (Ceylon) plc published this content on 05 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2023 12:41:06 UTC.
Cargills (Ceylon) PLC is a Sri Lanka-based food company. The Company has four segments: Food retailing, Food and beverage, Restaurant, and Real estate. Food retailing segment operates a chain of retail outlets under the brand names of Food City, Cargills Express, Food Hall and e-Commerce platform Cargills Online. Food and beverage segment manufactures and distributes manufacturing and distributing ice cream and other dairy products, fruit-based products, processed and fresh meat products, biscuits, distribution of international fast moving consumer goods products, production, importation and distribution of agricultural seeds and poultry and breeder farming. Restaurant segment operates a chain of KFC and TGIF restaurants under franchise agreements. Real estate segment is an owner/operator of the Cargills Square shopping and entertainment malls. It also distributes international brands, such as Kodak, Kraft, Cadbury, Bonlac, Oreo, Loacker, Toblerone, Bega, Langnese, Indomie and others.
CARGILLS (CEYLON) PLC 
