We stand resolute and focused as we support our country to ensure growth through a renewed Group portfolio that will enable us to seek and utilise new opportunities. We are determined and looking to the future in our strategic thinking as we expand continuously by identifying new opportunities. Our performance reflects our unwavering spirit and drive that propels us to seek and step into newer and better possibilities. We are resolute in our approach to ensure that we don't fall back but continue to progress despite the challenges that grapple the nation. The Sri Lankan spirit strengthens us to remain strong and persevere as we face adversity to emerge victorious not only for ourselves but for our country.
Following the strategic divestment of our food subsidiary, we have moved into the renewable energy sector, with the aim to promote renewable energy within the country which is the need of the hour while re balancing the Group's mix of investments. Such endeavors would enable us to support Sri Lanka in its energy requirements through renewable sources, so that the country reduces its dependency on fossil fuels.
Challenges remain in the global and domestic economies, but we have remained resolute and have not halted our endeavor to identify and proactively explore opportunities through investments and acquisitions. We continue on our growth trajectory to expand our footprint in diverse sectors while being a key player in the real estate sector. We are positive about our long-term growth and now invested in changing our stratagems for the future - taking measures to continuously assess investments with the potential for exponential and boundless growth. We stand resolute, always!
CONTENT
01
02
ABOUT R I L
LEADERSHIP
TEAM
¡¡ Who We are
05
¡¡ Chairman's Message
19
¡¡ Group Structure
06
¡¡ CEO's Review
22
¡¡ Milestones
14
¡¡ Board of Directors
26
¡¡ Financial Highlights
16
¡¡ Senior Management
28
03
04
MANAGEMENT
SUSTAINABILITY
COMMENTARY
¡¡ Operations Report
30
¡¡ Environmental Report
46
¡¡ R I L Property PLC
32
¡¡ Green Buildings
46
¡¡ United Motors Lanka PLC
39
¡¡ Lean Resource Management
47
¡¡ Panasian Power PLC
42
¡¡ Human Capital
50
¡¡ Corporate Citizenship
57
¡¡ Awards and Excellence
58
05
STEWARDSHIP AND GOVERNANCE
¡¡ Risk Management
60
¡¡ Corporate Governance Report
73
¡¡ Report of the Board
Audit Committee
120
¡¡ Report of the Board
Nominations and
Remuneration Committee
127
¡¡ Report of the Board Related
Party Transactions
Review Committee
131
¡¡ Annual Report of the
Board of Directors
135
07
SUPPLEMENTARY INFORMATION
¡¡ Shareholders Information
260
¡¡ Summary of the Financial Years
262
¡¡ Glossary of Financial Terms
264
¡¡ Notice of Meeting
266
¡¡ Stakeholder Feedback Form
268
¡¡ Form of Proxy
271
¡¡ Corporate Information - Inner Back Cover
06
FINANCIAL
STATEMENTS
¡¡ Financial Calendar
144
¡¡ Statement of Director's
Responsibility for
Financial Reporting
145
¡¡ Responsibility Statement
of Chief Executive Officer
and Chief Finance Officer
146
¡¡ Directors Statement
on Internal Controls
148
¡¡ Independent Auditor's Report
150
¡¡ Statement of Financial Position
154
¡¡ Statement of Profit or Loss and
Other Comprehensive income
155
¡¡ Statement of Changes in Equity
156
¡¡ Statement of Cash Flows
159
¡¡ Accounting Policies
161
¡¡ Notes to the Financial Statements
174
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RIL Property plc published this content on 08 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2022 11:11:08 UTC.
R I L Property PLC is engaged in developing and managing Grade A commercial office space in selected core markets in the Colombo Business District. It offers multifaceted real estate solutions, including facilities management, leasing, land acquisition, construction management services, consulting and strategic investment. Its segments include Rental and Other Related Services (Property Leasing), Renewable Energy Generation and Management, and Automobile Sales and Related Services. The Company, through its subsidiary, United Motors Lanka PLC (UML), is a distributor for Mitsubishi and Fuso vehicles, spare parts of brands and provides after-sales services. The Company, through its subsidiary, Panasian Power PLC, is a supplier of clean, renewable energy to the countryâs national energy grid. UML sells a range of branded and used motor vehicles, lubricants, tires, heavy machinery and equipment, generators, 3D printers, customized 3D products and 3D certification courses.
R I L PROPERTY PLC 
