Ramboda Falls : Annual Report - 2021/2022

Ramboda Falls PLC Annual Report 2019/2020

Ramboda Falls PLC Annual Report 2021/2022

The period under review has seen us remain not just resolute but resilient too. With our foundation of quality, excellent service and value system centered on quality without compromise, we remain undeterred.

The supremacy of true Sri Lankan hospitality intertwines care, understanding, warmth and friendliness; and at The Ramboda Falls PLC, we are built upon these values to recommence the way our stakeholders experience the unique hospitality of our nation. Come what may, we are mindful and

prepped to take on the road ahead. Our effort will remain fixated on the

silver lining-being the best we can be, in any possibility.

Ramboda Falls PLC Annual Report 2021/2022 9th Annual General Meeting

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Ramboda Falls PLC Annual Report 2021/2022

FINANCIALS AT A GLANCE

Profit after Tax		Rs. 3,479,866
Revenue		Rs. 47,564,705
	For the year ended 31st March		2022 (Rs.000)			2021(Rs.000)
	Revenue		47,565			14,025
	Profit before Tax		1,979			(25,861)
	Profit after Tax		3,480			(24,095)
Financial position
	Share holders' funds
		580,220			391,105
	Total Assets		693,009			476,310
Per Ordinary share
	Earnings/(Loss) per share
		0.17			(1.2)
	Net Asset per share		29.01			19.56
Ratio
	Gross profit (%)
		28			18
	Net profit/ (Loss) (%)		7			(171.8)
	Return on shareholders fund		0.6			(6.2)
	Return on Assets %		0.5			(5.1)

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Ramboda Falls PLC Annual Report 2021/2022

Our Hotels

Ramboda Falls Hotel

Enjoy Unique Nature and Breath of fresh air at Hill country…

The Ramboda falls hotel is an ideal holiday resort, discern for both local and international clientele. Located in one of the most idyllic settings in the hill country facing the magnificent view of Ramboda falls while surrounded by three other major water falls equipped with 45 luxury rooms, restaurant & bar, coffee shop and a food court.

Muwan Palassa Resort

Feel the Beauty of Simplistic Living…

Muwan Palassa Resort is an eco-friendly bird watching paradise surrounded by nature and lush greeneries providing traditional village experience and facing the Polonnaruwa- Habarana main road, including18 luxury rooms, restaurant, swimming pool and play ground.

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TABLE OF CONTENTS

Vision, Mission and Core Values ______________________________________________	5
Chairman's Review	6

Board of Directors _______________________________________________________________________8

Goals and Strategies ________________________________________________________________	11

Risk Management ________________________________________________________________________13

	Director's Responsibility for Affairs of the Company __________________________________	17
	Management Discussion and Analysis ____________________________________________	20

Corporate Governance__________________________________________________________________ 22

Report of Audit Committee________________________________________________________________ 25

Report of Remuneration Committee ________________________________________________________ 26

Report of Related party Transactions Review Committee_______________________________________ 27

Financial Review _____________________________________________________________

28

Director's Responsibility for Financial Reporting_______________________________________________ 29

Independent Auditor's Report_____________________________________________________________ 30

Statement of Profit or Loss and other Comprehensive Income

35

Statement of Financial position____________________________________________________________ 36

Statement of Changes in Equity___________________________________________________________ 37

Statement of Cash Flow__________________________________________________________________ 38

Notes to the Financial Statement___________________________________________________________ 39

Share Holder's information _____________________________________________________

81

Ten Years Summary____________________________________________________________________ 82

Corporate Information __________________________________________________________________83

Notice of Meeting _______________________________________________________________________84

Proxy Form ___________________________________________________________________________85