DETERMINED

Annual Report 2021 - 2022

DETERMINED

As we experienced Sri Lanka undergo change and adversity, we were undoubtedly thrust into a new normal; one in which dynamism and adaptability were key to cater to our stakeholders in a rapidly challenging environment. While we started adapting our drive was kept in momentum to be one factor that remains unchanged; our limitless spirit, in our enthusiasm to find the positives among the negatives to

continue the strengthening of our brands and performance in more ways than one. We will ensure that the values entrenched in us are carried on in everything that we do as we stand strong and are determined to succeed.

Table of Contents

OVERVIEW OF THE

MANAGEMENT

GOVERNANCE

BUSINESS

REVIEW

04-36

42-67

70-98

About us

04

Business Review

42

How We Govern

70

Group Structure

06

Financial Capital

50

Report of the Audit Committee

86

Milestones

08

Manufactured Capital

52

Report of the Remuneration

88

Operational and

Social & Relationship Capital

53

  Committee

10

  Financial Highlights

Human Capital

61

Report of the

90

Chairman's Message

14

  Nomination Committee

Natural Capital

66

Report of the Related Party

Group CEO's Review of Operations

16

Intellectual Capital

67

91

  Transactions Review Committee

Board of Directors

19

Enterprise Risk Management

92

Senior Management Team

26

Directors' Statement on

Management Discussion and

97

36

  Internal Controls

  Analysis

Annual Report of

98

  the Board of Directors

FINANCIAL SUPPLEMENTARY

INFORMATION INFORMATION

106-121192-IBC

Statement of

106

Share Information

Directors' Responsibility

Ten Year Summary - Group

Responsibility Statement of

Investor Information

  Chief Executive Officer and

107

Chief Financial Officer

Glossary of Financial Terms

Independent Auditor's Report

108

Notice of Meeting

Statement of Profit or Loss and

114

Form of Proxy

Other Comprehensive Income

Corporate Information

Statement of Financial Position

115

* Inner Back Cover

Statement of Changes in Equity

116

Statement of Cash Flows

120

Notes to the Financial Statements 121

192

196

197

198

201

203

IBC*

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United Motors Lanka plc published this content on 17 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2022 11:32:00 UTC.