Colgate Palmolive Pakistan : TRANSMISSION OF ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2023

Smiling Strong,

All Year Long

2023 Annual Report

Contents

Overview & Strategy
Company Information	03
Core Values	04
Company Timeline / Milestones	05
Geographical Presence	06
Awards	07
Review Report by the Chairman	08
Directors' Report	09
Key Financial Performance Indicators	15
Financial Summary	16
6 Years at a Glance	17
Horizontal & Vertical Analysis	18
Key Financial Ratios	19
DuPont Analysis	20
Statement of Value Added	21
Business Performance
Oral Care	23
Personal Care	25
Surface Care	25
Fabric Care	26
Sustainability Reporting
Environment	28
Society	31
Our People	34
Corporate Social Responsibility (CSR)	36
Financial Statements
Report on the Audit of the Financial Statements	38
Statement of Financial Position	42
Statement of Profit or Loss and Other Comprehensive Income	43
Statement of Changes in Equity	44
Statement of Cash Flows	45
Notes to and Forming Part of the Financial Statements	46
Governance and Compliance
Statement of Compliance with Listed Companies (Code of Corporate Governance) Regulations, 2019	92
Review Report on the Statement of Compliance	95
Notice of Annual General Meeting	96
Pattern of Shareholding	101
Directors' Report - In Urdu	109
Review Report by the Chairman - In Urdu	110
Form of Proxy	111
Form of Proxy - In Urdu	113

2023 Annual Report 010

Smile Creates A Path

OVERVIEW& STRATEGY

Company Information

BOARD OF DIRECTORS

Iqbal Ali Lakhani - Chairman

Amin Mohammed Lakhani Aliya Saeeda Khan

(up to March 10, 2023) Kamran Yousuf Mirza Syed Shahid Ali Bukhari Danish Zuberi

(w.e.f. March 10, 2023) Peter John Graylin Xuan Dai

Zulfiqar Ali Lakhani - Chief Executive

ADVISOR

Sultan Ali Lakhani

AUDIT COMMITTEE

Kamran Yousuf Mirza - Chairman

Iqbal Ali Lakhani

Amin Mohammed Lakhani

Danish Zuberi

HUMAN RESOURCE

& REMUNERATION COMMITTEE

Kamran Yousuf Mirza - Chairman

Iqbal Ali Lakhani

Zulfiqar Ali Lakhani

Syed Shahid Ali Bukhari

CHIEF FINANCIAL OFFICER

Mudassir Iqbal

COMPANY SECRETARY

Mansoor Ahmed

EXTERNAL AUDITORS

A. F. Ferguson & Co.

Chartered Accountants

INTERNAL AUDITORS

BDO Ebrahim & Co.

Chartered Accountants

SHARES REGISTRAR

FAMCO Associates (Private) Limited

8-F, Near Hotel Faran, Nursery,

Block-6, P.E.C.H.S., Shahra-e-Faisal,

Karachi

REGISTERED OFFICE

Lakson Square, Building No.2,

Sarwar Shaheed Road,

Karachi-74200, Pakistan

FACTORIES

G-6, S.I.T.E. Kotri

District Jamshoro (Sindh)

H-36(B), S.I.T.E. Kotri

District Jamshoro (Sindh)

217, Sundar Industrial Estate, Raiwind Road, Lahore

WEBSITE

www.colgate.com.pk

2023 Annual Report 030

Core Values

We are Caring.

We are united in making the world a better place.

We are Caring. We are united in making the world a better place. We believe that everyone deserves a healthier life. We lead with empathy, respect and gratitude. We act with integrity, doing things the right way, for the right reasons, no matter what. We support others by generously sharing our resources and our talents. We work every day to earn the trust of all of our stakeholders.

We are Inclusive.

We create a sense of belonging for all.

We cultivate an environment where people can be their authentic selves. We foster a culture of belonging where everyone feels valued, part of a global team, and empowered to do extraordinary things. We design the best solutions by embracing the unique talents, perspectives, and backgrounds of our diverse workforce. We form the strongest teams and create powerful pathways for our people and communities, to break through everyday barriers for equity of opportunity.

We are Courageous.

We drive change and get things done.

We think BIG. We are infinitely curious, constantly searching for better ways of working. We challenge each other and how we do things, unafraid to disrupt the status quo, boldly and intentionally innovating, exploring, and reaching for what is possible. We recognize that to grow and thrive we must build on the power of our legacy, our scale, and reach for good for all.

040 2023 Annual Report