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SINGER INDUSTRIES (CEYLON)

A N N U A L

P O R T 2 0 2

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Since 1851, the name SINGER® has been synonymous with sewing. Isaac Merritt Singer invented the world's first practical sewing machine and patented it in 1851 marking the beginning of SINGER as a company and its leadership in the industry.

Over the years, the SINGER brand has celebrated many firsts, including the world's first zig-zag machine, and the first electronic machine, The SINGER sewing machine takes pride of place in every Sri Lankan home creating fashion to home décor, embroidery and quilting and much more. We are dedicated to not only helping people express themselves through the craft of sewing but enable livelihoods.

We will continue our evolutionary journey with commitment, dedication, innovation and service to enable and support creativity.

CONTENT

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CHAIRMAN'S STATEMENT

"The Company was successful in posting a commendable revenue growth of 50% during the year, supported by enhanced revenue from a 37% increase in portable sewing machine sales."

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GROUP CHIEF EXECUTIVE

OFFICER'S REVIEW

"Achieving operational excellence through ongoing focus on process efficiencies and productivity improvements has been a key priority for the Group, contributing towards nurturing a cost-conscious, and productivity-driven culture by minimising waste."

04 | ABOUT US

06 | ABOUT THIS REPORT

08 | ORGANISATIONAL OVERVIEW

10 | PERFORMANCE HIGHLIGHTS

11 | FINANCIAL PERFORMANCE

13 | NON FINANCIAL PERFORMANCE

16 | CHAIRMAN'S STATEMENT

19 | GROUP CHIEF EXECUTIVE OFFICER'S REVIEW

22 | BOARD OF DIRECTORS

26 | MANAGEMENT TEAM

27 | OPERATING ENVIRONMENT

29 | STAKEHOLDER INTERACTIONS

30 | MATERIALITY MATTERS

32 | VALUE CREATION

34 | FINANCIAL CAPITAL

40 | STATEMENT OF VALUE ADDED

41 | SOCIAL AND RELATIONSHIP CAPITAL

45 | MANUFACTURED CAPITAL

49 | HUMAN CAPITAL

55 | NATURAL CAPITAL

58 | INTELLECTUAL CAPITAL

  1. | CORPORATE GOVERNANCE
  1. | AUDIT COMMITTEE REPORT
  1. | REMUNERATION COMMITTEE REPORT
  2. | NOMINATION COMMITTEE REPORT

110 | RELATED PARTY TRANSACTION REVIEW COMMITTEE REPORT

112 | RISK MANAGEMENT

115 | INDEPENDENT ASSURANCE REPORT

FINANCIAL INFORMATION

118 | ANNUAL REPORT OF THE BOARD OF DIRECTORS ON THE AFFAIRS OF THE COMPANY

123 | STATEMENT OF DIRECTORS' RESPONSIBILITY

125 | MANAGING DIRECTOR'S/CEO AND CHIEF FINANCIAL OFFICER'S RESPONSIBILITY STATEMENT

126 | INDEPENDENT AUDITOR'S REPORT

130 | STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

131 | STATEMENT OF FINANCIAL POSITION

132 | STATEMENT OF CHANGES IN EQUITY

133 | STATEMENT OF CASH FLOW

134 | NOTES TO THE FINANCIAL STATEMENTS

182 | TEN YEARS AT A GLANCE

184 | SHARE INFORMATION

187 | NOTICE OF ANNUAL GENERAL MEETING

188 | GRI CONTENT INDEX

195 | FORM OF PROXY

INNER BACK COVER | CORPORATE INFORMATION

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Singer Industries Ceylon plc published this content on 06 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 June 2022 11:01:03 UTC.