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GALADARI Hotels (Lanka) PLC
Annual Report - 2021
Contents
Corporate Information | 2 |
Notice of Meeting | 3 |
Chairman's Message | 4 |
Management Discussion and Analysis | 5-6 |
Board of Directors | 7-8 |
Statement of Directors' Responsibilities | 8 |
Annual Report of the Board of Directors | 9-10 |
Corporate Governance | 11-14 |
Report of the Audit Committee | 15 |
Report of the Remuneration Committee | 16 |
Report of the Related Party Transactions Review | |
Committee | 16 |
Independent Auditor's Report | 17-19 |
Statement of Financial Position | 20 |
Statement of Profit or Loss | 21 |
Statement of Comprehensive Income | 22 |
Statement of Changes in Equity | 23 |
Statement of Cash Flows | 24 |
Notes to the Financial Statements | 25-50 |
Information to Shareholders | 51-52 |
Five Year Summary | 53 |
Notes | 54 |
Form of Proxy | 55-56 |
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GALADARI Hotels (Lanka) PLC
Annual Report - 2021
Corporate Information
COMPANY NAME | : | Galadari Hotels (Lanka) PLC |
COMPANY REGISTRATION NO. | : | PQ 137 |
LEGAL STATUS | : | A quoted Public Company with limited liability incorporated in Sri Lanka |
BOARD OF DIRECTORS | : | Mr. M A I Galadari - Chairman |
Mr. S A I H Galadari | ||
Mr. I A I Galadari | ||
Mr. M Y Kazi Meeran | ||
Mr. L R De Silva | ||
Dr. J A S Felix | ||
Mr. V Radhakrishnan | ||
AUDIT COMMITTEE | : | Mr. M Y Kazi Meeran - Chairman |
Dr. J A S Felix | ||
Mr. L R De Silva | ||
REMUNERATION COMMITTEE | : | Mr. M A I Galadari - Chairman |
Dr. J A S Felix | ||
Mr. L R De Silva | ||
RELATED PARTY TRANSACTIONS | : | Mr. L R De Silva - Chairman |
REVIEW COMMITTEE | Mr. M Y Kazi Meeran | |
Dr. J A S Felix | ||
SECRETARIES & REGISTRARS | : | Jacey & Company |
No.9/5, Thambiah Avenue, | ||
Colombo 07 | ||
Tel: 4335159 - 62 | ||
REGISTERED OFFICE | : | No.9/5, Thambiah Avenue, |
Colombo 07 | ||
Tel: 4335159 - 62 | ||
AUDITORS | : | M/s Ernst & Young, |
Chartered Accountants | ||
201, De Saram Place, Colombo 10 | ||
LAWYERS | : | Tiruchelvam Associates |
No.116/10, Rosmead Place, Colombo 07 | ||
BANKERS | : | Hatton National Bank |
City Office, No. 16, Janadhipathi Mawatha, | ||
Colombo 1 | ||
Hongkong & Shanghai Banking Corporation | ||
24, Sir Baron Jayatilaka Mawatha, Colombo 1 | ||
Bank of Ceylon - Corporate Branch Head Office | ||
No.4, Bank of Ceylon Mawatha, Colombo 01 | ||
Commercial Bank of Ceylon PLC | ||
World Trade Centre Branch | ||
L03-Wt-01, Third Floor, West Tower | ||
World Trade Centre, Colombo 01 | ||
Sampath Bank, Fort Branch, | ||
No. 98, Chatham street, | ||
Colombo 01. | ||
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GALADARI Hotels (Lanka) PLC
Annual Report - 2021
Notice of Meeting
NOTICE IS HEREBY GIVEN THAT the 41st Annual General Meeting of GALADARI HOTELS (LANKA) PLC will be held as a Virtual Meeting emanating from the "Board Room" of Galadari Hotels (Lanka) PLC, No. 64, Lotus Road, Colombo 01, on 29th June at 3.30 p.m for the following purposes:
Agenda
- To receive and consider the Audited Financial Statements for the Year Ended 31st December, 2021 together with the Reports of the Directors' and Auditors' thereon.
-
To re-elect Mr. Lalith Rukman De Silva, Director, who retires by rotation in terms of Article 87 of the Articles of Association of the
Company. - To re-elect Dr. John Anthony Shivaji Felix, Director, who retires by rotation in terms of Article 87 of the Articles of Association of the Company.
- To re-appoint the Auditors Messrs. Ernst & Young, Chartered Accountants, to hold office until the conclusion of the next Annual
General Meeting and to authorise the Directors to determine their remuneration.
BY ORDER OF THE BOARD
JACEY & COMPANY
SECRETARIES
2nd June 2022 Colombo
NOTES:
- A shareholder is entitled to appoint a Proxy to attend and vote instead of himself and a Proxy need not be a shareholder of the Company.
-
A Form of Proxy is enclosed for this purpose. The duly completed forms of proxy should be posted or delivered to the Registered
Office of the Company at 9/5, Thambiah Avenue, Colombo 07 or forwarded by email to AGM@galadari.lk or by fax on 0114790600 in order to enable the Company to receive the same not less than forty eight (48) hours prior to the time appointed for the holding of the AGM. - As mentioned in the Circular to the Shareholders dated 2nd June 2022, the 41st Annual General Meeting will be held as a Virtual meeting. Instructions given in the Circular to Shareholders must be followed to join the meeting virtually.
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Galadari Hotels (Lanka) 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 11:41:09 UTC.