Building on
Our Core Strength
Annual Report 2021
Building on
Our Core Strength
It was a year of many challenges and change and one that propelled us to focus and consolidate, in order to record a favourable outcome. While standing by our promise to deliver value and benefits to our stakeholders, we also continued our progress in order to sustain growth.
As our most acclaimed project draws nearer to completion, we remain grateful for the tenacity shown by our team, a vital factor in our performance this year, even through the challenge that was thrown down by a global pandemic.
Therefore, as we celebrate the year under review for fortifying our values, we will continue to build on our core strengths, remaining ever positive about the opportunities that lie ahead of us.
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Contents
Financial Highlights 4
Chairman's Message 6
Profiles of Directors 8
Property Leasing 12
Property Trading 13
Property Services 14
Financial Review 15
Sustainability Report 18
Risk Management Report 23
Corporate Governance Report 26
Remuneration Committee Report 46
Audit Committee Report 47
Related Party Transactions Review Committee Report 49
Financial Report
Annual Report of the Board of Directors 52
Directors' Statement on Internal Controls 57
Directors' Responsibility for Financial Reporting 58
Independent Auditor's Report 59
Statement of Financial Position 63
Statement of Profit or Loss 64
Statement of Comprehensive Income 65
Statement of Changes In Equity 66
Statement of Cash Flows 67
Notes to the Financial Statements 69
Group Performance - Ten Year Summary 118
Shareholder Information 122
Group Real Estate Portfolio 126
Notice of Meeting (AGM) 127
Notice of Meeting (EGM) 128
Corporate Information
Back Inner
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Overseas Reality (Ceylon) PLC
Our Vision
Our passion is to be the most successful and innovative real estate solutions provider in the region.
Our Mission
To be a truly Sri Lankan, self-contained, diversified, real estate solutions provider, driven by a highly motivated professional team to exceed the expectations of customers and shareholders.
Our Values
• Believe in Our People
• Make a Difference Together
• Honesty and Integrity
• Passionate about Our Customers
• Embrace Quality as a Way of Life
• Hold our Selves Accountable
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Overseas Realty Ceylon plc published this content on 01 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2022 12:14:13 UTC.