Atlas Battery : Transmission of Annual Report for the Year Ended June 30, 2022

Perfect For

Every Condition

Annual Report 2022

ABOUT THE COVER

AGS provides robust, reliable and resilient performance for diverse terrains in the most extreme weather conditions.

TABLE OF

CONTENTS

CORPORATE INFORMATION

Operating Structure, Ownership and Relationship with Group Companies	04
Group Shareholding	05
Vision, Mission and Core Values	06
Quality, Health, Safety and Environment (QHSE) Policy, and ISO Integrated	08
Management System
Principle Business Activities, International Certifications and Brands	09
Geographical Presence	10
Organization Chart	11
Company Information	12
Strategic Objectives	14
Business Model	16

SHAREHOLDER INFORMATION

Notice of Annual General Meeting	20
Information for Shareholders	24
Market Capitalization, Share Price and Volume Data	26
Statement of Value Addition	27
Pattern of Shareholding	28
Board of Directors	30
Journey of Success	32
Major Events during the Year	34
Media Gallery	35

FINANCIAL HIGHLIGHTS

Key Financial & Non-Financial Performance Measures	38
Financial Highlights	39
Analysis of Financial Statements	40
Direct Cash Flow Statement	47
Liquidity Management and Cash Flow Strategy	48
Financial Ratios	49
Forward Looking Statement	52
Segmental Review of Business and Seasonality of Business	53
Share Price Sensitivity Analysis	54
DuPont Analysis	56
Quarterly Performance Analysis	57

CORPORATE GOVERNANCE

Chairman's Review	60
Directors' Report	63
Directors' Report (Urdu)	72
Chairman's Review (Urdu)	75
Code of Conduct	76
CEO's Message on Sustainability	79
Sustainability	80
Corporate Governance	94
Factors Effecting External Environment (Risk and Opportunity Report)	105
Environmental Analysis - PESTEL	109
SWOT Analysis	110
Competitive Landscape and Marketing Positioning & Legislative and Regulatory	111
Environment & Political Environment
Report of the Audit Committee	112
Statement of Compliance with Listed Companies (Code of Corporate Governance) Regulations, 2019	114
Independent Auditor's Review Report to the Members on the Statement of Compliance with
Listed Companies (Code of Corporate Governance) Regulations, 2019	117

FINANCIAL STATEMENTS

Independent Auditors' Report to the Members on the Audit of the Financial Statements	120
Statement of Financial Position	124
Statement of Profit or Loss and Other Comprehensive Income	126
Statement of Changes in Equity	127
Statement of Cash Flows	128
Notes to the Financial Statements	130

OTHER INFORMATION

Glossary of Terms	166
Atlas Group Companies	167
Product Types and their Application	168
Our Valued OEM customers	170
Dividend Mandate Form	171
Proxy Form	173