Kotmale : Annual Report for Financial Year 2021/2022

Kotmale Holdings PLC

Annual Report 2021/22

Contents

Our Vision, Our Mission	01
Financial Highlights	02
Chairman's Message	04
Managing Director's Message	05
Board of Directors	06
Corporate Governance	07
Enterprise Risk Management	23

Financial Reports

Annual Report of the Directors' on the Affairs of the Company	30
Statement of Directors' Responsibility	32
Independent Auditor's Report	33
Statement of Profit or Loss and Other Comprehensive Income	37
Statement of Financial Position	38
Statement of Changes in Equity	39
Statement of Cash Flows	40
Notes to the Financial Statements	41
Five Year Financial Summary	79
Investor Relations Supplement	80
Notice of Annual General Meeting	82
Notes	84
Form of Proxy	87
Corporate Information	IBC

Our Vision

To be the leading producer of food and beverage products for the local and international market.

Our Mission

Providing the nation with quality and affordable food and beverage products using state of the art technology and local expertise, continuously seeking opportunities for growth and creating an environment that develops, motivates

and rewards all employees whilst providing consistent returns to all its stakeholders.

Kotmale Holdings PLC		Annual Report 2021/22	01

Financial Highlights

Group	2022	2021	Change
Rs. 000	Rs. 000	%
Operating Results for the Year
Net revenue	4,341,314	3,269,820	32.77
Gross profit	1,005,690	734,049	37.01
Profit from operation	410,111	253,896	61.53
Profit before taxation	351,809	217,669	61.63
Profit after taxation	283,280	190,430	48.76
Highlights of Financial Position at the Year End
Non - current assets	1,906,444	1,763,091	8.13
Current assets	1,306,434	960,898	35.96
Current liabilities	1,381,161	1,201,647	14.94
Non - current liabilities	137,919	113,442	21.58
Stated capital and reserves	1,693,798	1,408,899	20.22
Total assets	3,212,878	2,723,989	17.95
Per Share Data (Rs.)
Earning per share	9.02	6.06	48.84
Net assets per share	53.94	44.87	20.21
Cash Flow
Net cash generated from / (used in) ;
Operating activities	396,868	25,756
Investing activities	(302,941)	(400,311)
Financing activities	(24,348)	452,731

Rs. 4,341Mn				Rs. 352Mn
		Net Revenue					Profit Before Tax
Rs. 283Mn	Rs. 3,213Mn
		Profit After Tax					Total Assets

02	Kotmale Holdings PLC		Annual Report 2021/22

Group Net Revenue

Rs. Mn

5,000
4,000
3,000
2,000
1,000
0				2021/22	Year
2017/18	2018/19	2019/20	2020/21

Group Total Assets

Rs. Mn

4,000
3,000
2,000
1,000
0				2021/22	Year
2017/18	2018/19	2019/20	2020/21

Group Profit Before Taxation

Rs. Mn

400
350
300
250
200
150
100
50
0				2021/22	Year
2017/18	2018/19	2019/20	2020/21

Kotmale Holdings PLC

Annual Report 2021/22

Group Profit After Taxation

Rs. Mn

300
250
200
150
100
50
0				2021/22	Year
2017/18	2018/19	2019/20	2020/21
				03