Pinnacle of Leadership

Talawakelle Tea Estates PLC Integrated Annual Report 2021/22

Talawakelle Tea Estates PLC | Annual Report 2021/22

272

Pinnacle of

Leadership

It may have been a slow ascent for the world and the economy during these challenging times but we are proud to state that we continue to celebrate the high points of our year. From our most precious resource, our people, to our processes and in securing the future of the environment and the larger community, we have sustained our momentum and achieved immense success yet again. In a year that sorely tested us on every aspect of the business, we remained true to our goals of creating a sustainable business. This was recognised and rewarded through the many awards and acclamations that were bestowed upon us and therefore we celebrate the multiple factors that contributed to our unmatched performance, exemplified at the pinnacle of leadership.

Talawakelle Tea Estates PLC | Annual Report 2021/22

Overview

Management Discussion and

Risk and Governance

Analysis

About this report 

6

Risk Management  138

A Remarkable Milestone 

9

Operations Review 

66

Corporate Governance Report 

145

Highlights  10

Subsidiary Review 

72

Report of the Audit Committee 

160

Chairman's Message 

14

Economic Value Added 

73

Related Party Transactions Review

Managing Director's Review 

18

Financial Capital 

77

Committee Report  162

About Us  22

Manufactured Capital  82

Nomination Committee Report 

163

Board of Directors 

30

Intellectual Capital 

87

Remuneration Committee Report  164

Corporate Management 

35

Relationship Capital -

Annual Report of the Board of

Estate Management  36

  Buyers, Brokers and Suppliers  93

  Directors on the Affairs of the  

Our Performance

39

Human & Social Capital 

100

  Company  165

Business Model for

Natural Capital 

121

Statement of Directors'  

  Sustainable Value Creation 

40

Future Outlook

135

  Responsibility  171

Operating Environment 

42

Managing Director's, Chief Executive

Risk and Opportunity Management  49

  Officer's and General Manager-

Responding to Our Stakeholders  51

  Finance's Responsibility Statement  172

Materiality Assesment 

55

Directors' Statement on

Strategic Imperatives  

57

  Internal Controls  173

Chairman's

Operations

Risk

Message

Review

Management

14 66 138

Furthering our efforts to ensure minimal negative environmental impact of our operations, Talawakelle Tea Estates PLC's Annual Report for the financial year 2021/22 is presented to you as a carbon neutral publication.

Through a Product Life Cycle Assessment conducted for each copy of the report and CDs, an identified total carbon footprint of 18.76 tCO2e pertinent to the entire preparation and publication process has been offset by purchasing 19 carbon credits from the United Nations Certified Emission Reductions (CERs) from the project activity registered under (VC23676/2022) the UN Clean Development Mechanism.

With this initiative, we hope to create awareness on the urgency of corporate action in addressing the climate emergency.

2

Talawakelle Tea Estates PLC | Annual Report 2021/22

Overview

Financial Reports

Appendices

Independent Auditors' Report  176

Investor Information  243

Statement of Profit or Loss  180

Code of Best Practice on

Statement of Comprehensive

  Corporate Governance and Listing Rules  245

Income  181

GRI Content Index 

253

Statement of Financial Position 

182

10 Year Summary

263

Statement of Changes in Equity 

183

Glossary 264

Statement of Cash Flow  184

Corporate Information  267

Notes to the Financial Statements  186

Independent Assurance

  Report on Sustainability Reporting  268

Independent Assurance Report on

Integrated Reporting  270

Notice of Meeting  

272

Independent

Investor

Auditors' Report

Information

176 243

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Talawakelle Tea Estate plc published this content on 03 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 June 2022 09:41:08 UTC.