Namunukula Plantations : Annual Report For 2021-2022 Namunukula Plantations PLC

To be a diversi�ied agri - business Company with an international reputation for excellence in Quality, Innovation & Land use.

VISION

MISSION

To maximize returns to the stakeholder, by optimizing productivity of available resources through sound dynamic management practices, production of excellent quality products.

O

U

				S
			E
		U
	L
A
R V

Agility

Integrity

Team Spirit

Proactiveness

Quality

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The digital version of this annual report https://www.arpico.com/contents/npl_�inancial_reports.php

1. strong Move

Forward

During the past period, Sri Lanka's plantation business has undergone significant changes both domestically and internationally, depending on the climate, social, political, and economic environment.

However, Namunukula

Plantations PLC has maintained its momentum while steadily advancing toward sustainable growth by providing outstanding growth to the stakeholders it serves.

We are confident in our strengths and abilities to continue moving forward steadily on our journey by providing the greatest possible value to the stakeholders in the years to come.

Namunukula Plantations PLC

Content	09
OVERVIEW
About Report - 4	Financial Highlights
About Us - 6
Financial Highlights - 9
Chairman's Review - 12	12
GOVERNANCE

Board of Directors - 16

Our Management Team - 19

Corporate Governance - 22

Audit Committee Report - 26

Remuneration Committee Report - 28

Related Party Transactions Review Committee Report - 29

Risk Management - 30

MANAGEMENT DISCUSSION & ANALYSIS

Chairman's Review

44

Operational Footprint - 42

Review of Operations - 44

Economic and Industry Overview - 48

Stakeholder Engagement - 54

Review of Operations

Materiality Assessment - 57

VALUE CREATION

FINANCIAL INFORMATION

Financial Calendar - 114

Annual Report of the Board of Directors - 115 Statement of Directors' Responsibility - 121 Independent Auditors' Report - 122 Statement of Profit or Loss - 126 Statement of Comprehensive Income - 127 Statement of Financial Position - 128 Statement of Changes in Equity - 129

Statement of Cash Flow - 130

Notes to the Financial Statements - 131

Value Creation Model - 62

Financial Capital - 64

Manufactured Capital - 76

Human Capital - 80

Intellectual Capital - 87	175
Social & Relationship Capital - 89
Natural Capital - 94
Gri Content Index - 103

Shareholder & Investor

Relations Information

SUPPLEMENTARY INFORMATION

Shareholder & Investor Relations Information - 176

Decade at a Glance - 188

Glossary - 196

Notice of Meeting - 201

Form of Proxy - 202

4	Namunukula Plantations PLC
	Annual Report 2021/22

ABOUT REPORT

ThisWELCOMEyear's TOourOURintegratedFOURTHannualINTEGRATEDreport sharesANNUALthe storyREPORTof value creation process of Namunukula Plantations PLC over the today, tomorrow and long term in the context of economic, social and environmental aspects by providing concise and comprehensive information on the Company's strategy and business model, operational context, material risks, stakeholder needs, performance, expectations and governance. "Namunukula Plantations PLC" has always been committed to do the right thing for our stakeholders for solid financial performance and for the planet and hope to provide a better understanding on value of the company and prospects to our stakeholders.

To ensure that readers are able to correctly understand these activities, we took a holistic view of the financial information linked directly to business activities and non-financial information, and provide explanations accordingly. The report is themed around our chosen key stakeholder partnerships that maximise our ability to generate competitive sustainable value. Namunukula Plantations PLC acknowledges its dependency on the availability of capital resources and sustainable utilization thereof in the conduct of its plans. The Report draws upon the perspective of various stakeholders to describe NPPLC's vision to leverage its ingenuity to create new business models and generate value for societies in order to further achieve sustainable growth.

Integrated thinking is intrinsic to how we manage our business and to our internal strategy and reporting practices. Our strategy

development process included a review of NPPLC's business model and our interaction and our interdependency with the external societal context. The Resulting strategic priorities, goal and targets have been developed to ensure that we manage the resources and relationships needed to create value over time.

The quick readers who desires to read the report at a glance, may wish to turn to pages 12, 44, 64 and 126-130 for brief overview of company performance in key areas. Readers in search of more details narrative are welcome to read the Annual report from cover to cover or pick and choose the clearly identified section of their choice to obtain a more comprehensive understanding of the Company progress during the year and the future potential.

InBasispreparingof Preparationthis report, the company was guided GRIby 2the-2 International integrated reporting Framework issued by the international integrated reporting council (IIRC) and also by the preparer's guide to integrated corporate reporting, issued by CA Sri Lanka. We will continue to embrace the guiding principles and fundamental concepts contained in the IIRC framework to best serve the information needs of our stakeholders. Since the sustainability measures are an integral part of the operations, company attempts to integrate financial and non-financial performance adding value to the reporting initiatives. It also comments on NPPLC's contribution towards the UN This Sustainable Development Goals. Integrated Annual Report has been prepared with the following guidelines / frameworks/rules & regulations etc.

Financial	Governance	Sustainability
Reporting	Integrated
Reporting
		Reporting	Reporting

The Companies Act, No: 07 of 2007.

Sri Lanka Accounting Standards issued by the Institute of Chartered Accountants of Sri Lanka (CASL).

The Code of Best Practice on Corporate Governance issued jointly by the Securities and Exchange Commission of Sri Lanka (SEC) and The Institute of Chartered Accountants of Sri Lanka (CASL).

CSE Listing Rules.

Global Reporting Initiative (GRI) Standards

• "Core", published by Global Reporting Initiative.

The United Nations Sustainability Development Goals (SDGs)published by Institute of Chartered Accountants of Sri Lanka (CASL).

The International Integrated Reporting Framework issued by International Integrated Reporting Council (IIRC).

The Preparer's Guide to Integrated Corporate Reporting published by Institute of Chartered Accountants of Sri Lanka (CASL).

Overview	Governance	Management Discussion & Analysis	Value Creation	Financial Information	Supplementary Information