Table of Contents

Company

Overview

Vision, Mission, Core Values

& Code of Conduct

04

Strategic Goals & Quality Policy

07

About the Company & Group Structure

08

Organization Chart

10

Geographical Presence

11

A Durable trick of Mobility

12

Company Information

14

Board of Directors

16

Business Model

18

Significant Events

20

Shareholders' Information

21

Messages for

Stakeholder

Chairman's Review

24

Directors' Report to Shareholders

27

Directors' Report to Shareholders (Urdu)

34

Chairman's Review (Urdu)

37

Report of the Board Audit Committee

38

Risk and Opportunity Report

40

Additional Information

- Management Objectives

46

- Forward Looking Statement

48

- Statement of Charity Account

48

- Business Rationale for Major

Capital Expenditure

48

- Significant Plans & Decisions

49

- Unreserved Compliance of IFRS

issued by the IASB

49

- Certifications Acquired and International

Standards Adopted

49

Notice of the 58th Annual General Meeting

50

Financial

Highlights

Key Financial & Non-Financial

Performance Measures

55

Analysis of Financial Statements

- Financial Ratios

56

- Dupont Analysis

59

- Statement of Financial Position

60

- Statement of Profit or Loss

63

- Statement of Cash Flows

65

Share Price Sensitivity Analysis

67

Statement of Value Addition and

its Distribution

68

Quarterly Performance Analysis

69

Sustainability

Report

About the Report

72

Sustainability Highlights 2022

73

General Information

74

CEO's Message on Sustainability

75

Sustainable Development Goals

76

Sustainability Targets

77

Sustainability Strategy

78

Environmental Protection

88

Product Responsibility

95

Corporate Citizenship

99

Vendor Management

101

Employee Management

104

Definition, Methodology and Scope

108

Independent Assurance Statement

109

GRI Content Index

111

Financial

Statement

Statement of Compliance with Code

of Corporate Governance

118

Review Report to the Members

on Statement of Compliance with

the Code of Corporate Governance

120

Report on the Audit of the

Financial Statements

121

Statement of Financial Position

124

Statement of Profit or Loss &

Other Comprehensive Income

125

Statement of Changes in Equity

126

Statement of Cash Flows

127

Notes to the Financial Statements

128

Other

Information

Pattern of Shareholding

166

Group Shareholding

169

Atlas Group Companies

170

Product Portfolio

171

Glossary of Terms

172

Feedback Form

175

Company

Messages for

Financial

Sustainability

Financial

Other

Overview

Stakeholders

Highlights

Report

Statements

Information

Vision

Market leader in the motorcycle industry, emerging as a global competitive centre of production and exports.

Mission

A dynamic growth oriented company through market leadership, excellence in quality and service and maximizing export, ensuring attractive returns to equity holders, rewarding associates according to their ability and performance, fostering a network of engineers and researchers ensuing unique contribution to the development of the industry, customer satisfaction and protection of the environment by producing emission friendly green products as a good corporate citizen fulfilling its social responsibilities in all respects.

Core Values

Our core values are derived from group's philosophy which is based on the "Atlas Way". It enumerates the principles of "Atlas Culture" and "Atlas System".

Respect, Recognition & Reward

Education & Training

Value of Time

We promote a culture of respect

We provide education & training

We aim for optimum utilization

across the Company and reward

opportunities to our employees for

of our time to increase productivity

exceptional performances.

their professional growth.

and improve work/life balance.

Self Reliance

Meritocracy

Excellence

We trust our abilities and talent to

We foster meritocracies in hiring,

We deliver high-quality products

build a better, stronger and more

rewarding and promoting the best

to our customers.

dynamic organization.

people based on their merit.

Code of Conduct

Directors and employees are required to comply with the Atlas Honda's Code of Conduct, which is intended to help them put the Company's ethical principles into practice. The Code of Conduct clarifies the basic principles and standards they are required to follow and the behaviour expected of them. The Code of Conduct can be found at www.atlashonda.com.pk.

04 Integrated Annual Report 2022

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Atlas Honda Ltd. published this content on 03 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 June 2022 10:51:00 UTC.