As a provider of wholesome and nutritious meals that have kept a nation delighted for decades, we are aware that success depends on our ability to stay relevant through various business landscapes. Our long-standing commitment, faith in our consistent returns and trust in our heritage has paved the way for strategic growth at every level. Our superior quality products keep delivering pleasure and nutrition to people's lives, as we embark on a journey of revival into the dawn of a new era.
CONTENTS
OVERVIEW
About Us
3
Financial Highlights
4
Non-Financial Highlights
5
Chairman's Message
6
About our Annual Report
9
The Year at a Glance
11
Events of the Year
12
MANAGEMENT DISCUSSION AND ANALYSIS
Our Business
15
Stakeholder Engagement
22
Determining Materiality
26
Strategy and Resource Allocation
28
Delivering Our Strategy
29
Financial Capital
31
Manufactured Capital
34
Intellectual Capital
37
Human Capital
39
Social and Relationship Capital
45
Natural Capital
50
GOVERNANCE AND RISK
Corporate Governance
53
Board of Directors
71
Management Team
73
GRI Context Index
74
Enterprise Risk Management
78
FINANCIAL INFORMATION
Annual Report of the Board of Directors
89
Audit Committee Report
97
Statement of Directors' Responsibility
100
Independent Auditor's Report
101
Income Statement
104
Statement of Comprehensive Income
105
Statement of Financial Position
106
Statement of Cash Flows
107
Statement of Changes In Equity
109
Index to Notes
110
Notes to the Financial Statements
1 1 1
Your Share in Detail
164
Ten Year Information at a Glance
166
Key Figures and Ratios
167
Real Estate Portfolio
168
Glossary of Financial Terminology
169
Notes
170
Notice of Meeting
173
Form of Proxy
175
Corporate Information
IBC
READ THE KEELLS FOOD PRODUCTS PLC
Annual Report 2021/22
online at http://www.keellsfoods.com/downloads
ABOUT US
Vision
Our passion is to deliver pleasure and nutrition throughout people's lives, through exciting and superior products, whenever and wherever they choose to eat and drink.
Values
Innovation : Changing constantly, re-inventing and evolving
In trying new ideas we win or learn, there is no failure.
Integrity : Doing the right thing always
Transparency is everything, so we just do it right!
Excellence : Constantly raising the bar
We get better every day.
Caring : Fostering a great place to work
We listen, we are thoughtful and we care to make a difference.
Trust : Building strong relationships based on openness and trust
The foundation we work from.
KEELLS FOOD PRODUCTS PLC
Established in 1982, Keells Food Products PLC (KFP) is the pioneer in processed meat manufacturing in Sri Lanka with 40 years of experience. As the market leader in the processed meat industry, KFP is renowned for its quality, backed by stringent quality controls and its range of nutritious, tasty and convenient products developed in house and manufactured using state of the art food processing facilities.
Our product portfolio of 200+ products reach customers through 33,000+ retail outlets and we take extensive measures to ensure the right product is available at the right time at the right price to satisfy customer needs.
ANNUAL REPORT 2021/22
3
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Keells Food Products plc published this content on 20 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2022 03:34:06 UTC.
Keells Food Products PLC is engaged in the business of processed meat manufacturing in Sri Lanka. The Company's product portfolio includes approximately 200 products that reach customers through 32,000 retail outlets. The Company also has a manufacturing facility at the Makandura Industrial Estate in Pannala. It manufactures and sells processed meats, raw meats, crumbed products, and other convenient food products. Its products include sausages, meat balls, cold meats, bacon and ham Chinese rolls, formed meat, raw meats, French fries/ potato chips, and canned range. It offers a range of hams, such as chicken ham whole, honey glazed chicken ham, chicken ham (slices), specially cooked ham whole, specially cooked ham slices, smoked leg of ham, honey roast ham, Christmas leg of ham, cottage ham, and millennium ham roasted. Its products are distributed to consumers through a multichannel network comprising general trade outlets, modern trade outlets, as well as hotels and restaurants.
KEELLS FOOD PRODUCTS PLC 
