Asia Asset Finance : Annual Report for the financial Year 2021/2022
September 01, 2022 at 01:51 am EDT
Share
Annual Report 2021/2022
Value is
ASIA ASSET FINANCE PLC
Value is
WITH A VOLATILE ECONOMIC BACKDROP, WE STRIVE TO GO BEYOND OUR LIMITS, INCREASING OUR COMPETITIVENESS TO SUSTAIN LONG TERM GROWTH. TO THIS END, WE HAVE MADE OUR PRESENCE FELT ACROSS THE NATION WITH PRUDENT STRATEGIC REFORMS TO EXPAND OUR REACH AND BOOST TECHNOLOGY ACQUISITION AND DIGITALISATION. IT IS THESE
CHANGES THAT MADE OUR WORTH KNOWN TO THE PEOPLE AND CREATED A HALLWAY FOR OUR SURVIVAL AND PERSISTENCE. WE ARE IN THE PROCESS OF LAYING A STRONG FOUNDATION FOR BUSINESS VITALITY IN SUSTAINING LONG TERM GROWTH OF THE COMPANY.
CONTENT
Our Vision, Mission and Values
ABOUT US
FINANCIAL STATEMENTS
4
About this Report
108
Independent Auditors Report
5
About the Company
113
Statement of Profit or Loss and Other
6
Organization Structure
112
Comprehensive Income
8
Performance Highlights
114
Statement of Financial Position
10
Managing Director's Message
116
Statement of Change in Equity
12
Chairman's Message
117
Statement of Cash Flows
14
Chief Executive Officer's Review
119
Significant Accounting Policies & Notes to the
18
Business Model
Financial Statement
20
Operating Environment
24
Stakeholders
Materiality
Our Strategy
MANAGEMENT
DISCUSSION AND
ANALYSIS
30 Financial Capital
Manufactured Capital
Intellectual Capital
Human Capital
Social & Relationship Capital
STEWARDSHIP
Board of Directors
Senior Management
Corporate Governance
Risk Management
Information Technology Committee Report
Board Integrated Risk Management Committee Report
Remuneration Committee Report
Annual Report of the Board of Directors on the Affairs
Independent Assurance Report to the Board of Directors
Directors Responsibility Statement
Directors Statement on Internal Control over Financial Reporting
Board Related Party Transactions Review Committee Report
Board Audit Committee Report
SUPPLEMENTARY INFORMATION
Ten Year Achievements - Income Statement
Ten Year Achievement - Balance Sheet
Statement of Value Added
Sources and Utilisation of Income
Quarterly Financial Statements 2020/21
Quarterly Financial Statements 2021/22
Statement of Financials in US Dollars
Basis of Ratio
Financial Calendar 2021/22
Glossary of Financial terms
Branch Network
Virtual Annual General Meeting Notice
Form of Proxy
Corporate Information - Inner Back Cover
2
Asia Asset Finance PLC
Value is
Performance
GOAL
"EMPOWERING PEOPLE TRANSFORMING LIVES."
VISION
"TO BECOME A PREMIER FINANCE COMPANY IN SRI LANKA."
MISSION
TOWARDS THE CUSTOMERS
The solutions we provide for our customers financial needs would be unconventional, innovative and relevant for their needs to improve their quality of life whilst maintaining superior levels of customer service which would go well beyond their expectations.
TOWARDS THE SHAREHOLDERS
Build shareholder value and provide substantial shareholder returns through relentlessly improving our performance and operations with sustainable effective strategies.
TOWARDS OUR FAMILY OF EMPLOYEES
A Company that fosters and harnesses equality amongst employees along with personnel development and to create the perfect work- life balance in the organisation.
TOWARDS SOCIETY
To be an ethical financial service provider,promoting the betterment of the societies we work and live in while maintaining transparent financial records and practices. We aim to provide financial solutions to all segments in our society and eliminate financial exclusion in our society.
TOWARDS THE VALUES OF OUR COMPANY
Honesty and Integrity
Flexibility
Innovation
Passion for Excellence
People Oriented
Genuine Concern for the Client
3
Annual Report 2021/2022
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Asia Asset Finance Ltd. published this content on 31 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2022 05:50:04 UTC.
Asia Asset Finance PLC is a Sri Lanka-based company, which is a subsidiary of Muthoot Finance Ltd and a fully licensed, deposit-taking institution registered with the Central Bank of Sri Lanka. The Company operates through six segments: Finance lease, Hire purchase, Gold Loan, Loans and advances, Investment, and Other. The principal activities of the Company comprise granting leases, hire purchasing, mortgage loans, personal loans, group personal loans, gold loans, micro finance loans, pledge loans, cheque and invoice discounting and mobilization of public deposits. The Companyâs products and services include gold loans, fixed deposits, leasing, foreign exchange, and mortgage. Its branch network includes Vavuniya, Oddusuddan, Changani, Nelliady, Beruwala, Pundaluoya, Mathugama, Udappuwa, Monaragala, Kinniya, Mahiyanganaya, Puttalam, Kalawanchikudi, Badulla, Kalpitiya, Maskeliya and other.
ASIA ASSET FINANCE PLC 
