VA L L I B E L O N E | A N N U A L R E P O RT 2 0 2 2
Behind every move we make, is precision backed by foresight. Behind every chapter we open, is strategy backed by meticulous thinking. At Vallibel One, our Group's synergies align in perfect harmony to paint a powerful picture of resilience, where every entity contributes to sustainable value creation therein the progress of our nation.
Our strength and prowess radiate through the plethora of sectors we dominate, from Lifestyle, Finance, Leisure and beyond. Our diverse business portfolio draws inspiration from the lives we touch upon, seizing every opportunity to create a distinctive offering that redefines industry standards.
Today, we are where we are because we see the bigger picture- one that positions us on a stronger footing for tomorrow.
Vallibel One PLC
1
Annual Report 2021/22
CONTENTS
KEY HIGHLIGHTS
ABOUT THIS REPORT
1WHO WE ARE AND WHAT WE DO
About the Group 11
Our Portfolio of Businesses 12
Group Structure 14
A Journey of Excellence 16
The Value we Share 17
Our Commitment to the SDGs 18
Our Investment Case 19
Financial Highlights 20
Non-Financial Highlights 22
Chairman's Message 24
Chief Executive Officer's Review 27
Board of Directors 31
2ALL ABOUT STRATEGY
Our Capitals 36
Operating Environment 38
Managing Risks and Opportunities 46
Stakeholder Management 50
Materiality Assessment 56
Strategy and Resource
Allocation 60
Value creation 62
CHAIRMAN'S MESSAGE
CEO'S REVIEW
BOARD OF DIRECTORS
Vallibel One PLC
2 Annual Report 2021/22
3DRIVING STRATEGY THROUGH OUR SECTORS
Lifestyle 66
Finance 80
Aluminium 94
Plantations 106
Leisure 122
Consumer 134
Investments and Others 144
4NURTURING OUR CAPITALS
Financial Capital 162
Manufactured Capital 166
Human Capital 172
Intellectual Capital 188
Social and Relationship Capital 194
Natural Capital 204
5GOVERNANCE
Corporate Governance 214
Annual Report of the Board of Directors on the Affairs of the Company 220 Directors' Responsibility for Financial Reporting 224
Report of the Related Party Transactions Review Committee 225
Report of the Audit Committee 226
6FINANCIAL REPORTS
Independent Auditors' Report 228
Statement of Financial Position 231
Statement of Profit or Loss 233
Statement of Other Comprehensive Income
234
Statement of Changes in Equity 235
Consolidated Statement of
Cash Flows 238
Notes to the Financial Statements 240
7ANNEXES
Decade at a Glance 354
Group Value Added Statement 355
Indicative US Dollar Financial
Statements 356
Shareholder Information 358
Subsidiary/Associate Companies
of Vallibel One PLC 360
Sustainability Assurance Report 366
GRI Context Index 368
Glossary of Financial Terms 372
Notice of Annual General
Meeting 376
Form of Proxy 377
Investor Feedback Form 379
Corporate Information IBC
Vallibel One PLC
3
Annual Report 2021/22
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Vallibel One plc published this content on 09 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2022 13:41:08 UTC.
Vallibel One PLC is a Sri Lanka-based conglomerate company. The Company operates as a diversified investment holding company. It has invested in LB Finance PLC, Royal Ceramics Lanka PLC, Delmege Limited, Greener Water Ltd and The Fortress Resorts PLC. It invests in various sectors, including lifestyle, finance, aluminum, plantations, leisure, consumer, and investments and others. In lifestyle sector, its products and solutions include tiles, sanitaryware, kitchen cabinets and sinks, grout and mortar, interior decor solutions, and furniture. In financial sector, its products and solutions include leasing, fixed deposits, gold loans, mortgage loans, savings, cash in mobile and money exchange. In aluminum sector, its products and solutions include aluminum extrusions, folding sliding doors, sliding windows and doors, partitions, swing doors, multi-purpose ladders, and solar railings and accessories. In plantation sector, its products and solutions include tea, rubber, coconut and other.
VALLIBEL ONE PLC 
