On'ally : Annual Report 2021/22

O N ' A L L Y H O L D I N G S P L C

RETHINK REIMAGINE REINVENT

AnnualReport2021/22

At On'ally Holdings, we thrive on our reputation for creating an extraordinary space for technology and electronics, that has served Sri Lanka for well over two decades. We know that our sustained success hinges on our ability to stay ahead of the game, by innovating and thinking bigger to deliver an experience like no other to all stakeholders. In doing so, we constantly renew our purpose: to rethink, reimagine, and reinvent our offering to better serve the needs of the future.

CONTENTS

Vision, Mission  03 About Us  04

Financial and Operational Highlights  06 Chairman's Message  07

Managing Director's Message  09 Board of Directors  12

Management Discussion and Analysis  18 Corporate Governance  22

Annual Report of the Board of Directors on the Affairs of the Company  26 Statement of the Directors' Responsibility  30

Related Party Transactions Review Committee Report31

FINANCIAL STATEMENTS

Audit Committee Report  32

Remuneration Committee Report  34

Risk Management  35

Report of the Auditors  39

Statement of Profit or Loss  42

Statement of Other Comprehensive Income  43

Statement of Financial Position  44

Statement of Changes in Equity  45

Statement of Cash Flows  46

Notes to the Financial Statements  47

Five Year Review  74

Investor Information  76

Corporate Information  79

Notes  80

Notice of Annual General Meeting  81

Form of Proxy  83

VISION

Building Growth

MISSION

To build growth by being the most desired business venue in the city. To enhance shareholder value by satisfying our customer's with modern facilities and quality service by dedicated professionals.

Annual Report 2021/2203