Inbuilt Excellence
Unwavering Resilience
ANNUAL REPORT
2023
ANNUAL REPORT
2023
Table of Contents
ANNUAL REPORT 2023
Table of Contents
CORPORATE PROFILE | 01 | • Shareholders | 72 |
• Empowering Industries Enriching Lives | 02 | • Society | 75 |
• Company Information | 06 | ||
• About the Group | 07 | CORPORATE GOVERNANCE | 81 |
• Group Portfolio | 12 | • Board of Directors' Profile | 82 |
• Journey and Milestones | 14 | • List of Other Directorships | 86 |
• Vision, Mission and Core Values | 17 | • Governance Framework | 87 |
• Strategic Objectives | 19 | • Board Committees | 94 |
• Product and Services | 21 | • Directors' Participation in Board and Sub Committee Meetings | 97 |
• ISL Service Centre | 23 | • Management Team | 97 |
• Regional Network and Geographical Presence | 24 | • Report of the Board Audit Committee on Adherence to the | 99 |
• Code of Conduct | 31 | Code of Corporate Governance | |
• Organization Chart | 34 | • Independent Auditors' Review Report on the Statement of | 101 |
Compliance with Listed Companies | |||
CHAIRMAN'S REVIEW | 37 | (Code of Corporate Governance) Regulations, 2019 | |
• Chairman's Review | 38 | • Statement of Compliance with Listed Companies | 102 |
• Chairman's Review (Urdu) | 40 | (Code of Corporate Governance) Regulations, 2019 | |
DIRECTORS' REPORT | 42 | FINANCIAL HIGHLIGHTS | 106 |
• Global Steel Scenario | 42 | • Analysis of Financial Statements | 107 |
• National Economy | 42 | • Key Financial Indicators | 111 |
• Business Review | 43 | • Six Years at a Glance | 113 |
• Sales | 43 | • Du Pont Analysis | 116 |
• Manufacturing Operations | 44 | • Quarterly Performance Analysis | 117 |
• Health, Safety and Environment | 44 | • Statement of Value Addition | 118 |
• Energy Management | 45 | • Statement of Cash Flows-Direct Method | 119 |
• Financials | 45 | • Free Cash Flow | 120 |
• Earnings Per Share | 46 | ||
• VIS Credit Rating | 46 | FINANCIAL STATEMENTS | 121 |
• Human Resources | 46 | • Independent Auditors' Report to the Members | 122 |
• Corporate Social Responsibility | 47 | • Statement of Financial Position | 126 |
• Risk Management | 47 | • Statement of Profit or Loss | 127 |
• Board Composition and Remuneration | 47 | • Statement of Comprehensive Income | 128 |
• Recommendation of the Board Audit | 48 | • Statement of Changes in Equity | 129 |
Committee for Appointment of Auditor | • Statement of Cash Flows | 130 | |
• Dividend | 48 | • Notes to the Financial Statements | 131 |
• Appropriations | 48 | ||
• Contribution to National Exchequer | 48 | STAKEHOLDERS' INFORMATION | 181 |
and the Economy | • Ownership | 182 | |
• Provident Fund and Gratuity Scheme | 48 | • Pattern of Shareholding | 183 |
• Recognition | 48 | • Categories of Shareholders | 183 |
• Future Outlook | 49 | • Key Shareholding | 184 |
• Acknowledgements | 49 | • Shareholders Composition | 185 |
• Directors' Report (Urdu) | 53 | • Share Price Trend vs Volume Traded | 186 |
• Notice of Annual General Meeting | 187 | ||
SUSTAINABILITY REPORT | 55 | • Notice of Annual General Meeting (Urdu) | 200 |
• Our Relationship with the Society and | 55 | ||
Community | FORMS | 201 | |
• Our Value System | 57 | ||
• 10 UN GC Principles | 58 | ||
• Our Stakeholders | 59 | ||
• Stakeholders Communications | 60 | ||
• External Associations | 60 | ||
• Employees | 62 | ||
• Customers | 67 |
Corporate
Profile
01
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International Steels Ltd. published this content on 04 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 September 2023 09:01:06 UTC.