P R O P L A S T I C S L I M I T E D | 2 0 2 2 A N N U A L R E P O R T | ||||
Contents | ||||
Company Prole | 2 | |||
Proplastics Unique Proposition | 3 | |||
Group Financial Highlights | 4 - 5 | |||
Ratios and Statistics | 6 | |||
Chairman's Statement | 7 - 8 | |||
Corporate Governance, Directorate and Executive Committees | 9 -13 | |||
Sustainability Report | 15 | |||
Report of the Directors | 16 -17 | |||
Report of the Independent Auditors to the Shareholders of Proplastics Limited | 18 - 22 | |||
Consolidated Statement of Financial Position | 24 | |||
Consolidated Statement of Prot or Loss and Other Comprehensive Income | 25 | |||
Consolidated Statement of Changes in Equity | 26 | |||
Consolidated Statement of Cash Flows | 27 | |||
Company Statement of Financial Position | 28 | |||
Company Statement of Prot or Loss and Other Comprehensive Income | 29 | |||
Company Statement of Changes in Equity | 30 | |||
Company Statement of Cash Flows | 31 | |||
Consolidated and Separate Financial Statements Accounting Policies | 32 - 47 | |||
Notes to the Consolidated and Separate Financial Statements | 48 - 86 | |||
Shareholder Analysis - Consolidated (Top 20) | 87 | |||
Shareholder Analysis - Company Statistics | 88 - 89 | |||
Notice to Shareholders | 90 | |||
Proxy form | 91 | |||
Instructions for Signing and Lodging of Form of Proxy | 92 | |||
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P R O P L A S T I C S L I M I T E D | 2 0 2 2 A N N U A L R E P O R T
Company Prole
Name of Company: | Proplastics Limited |
Address: | 5 Spurn Road |
Ardbennie | |
P.O. Box CY 1199 | |
Causeway | |
Harare | |
Zimbabwe | |
Telephone: | + 263 773 894 561/2 |
Cell: | +263 773 888 926 |
E-mail: | info@proplastics.co.zw |
Web: | www.proplastics.co.zw |
Description of Company: | Manufacturer of Polyvinyl |
Chloride (PVC); High- Density | |
Polyethylene (HDPE); Low | |
Density Polyethylene (LDPE) | |
Pipes and related ttings | |
Company Established: | 1965 |
Chief Executive Ocer: | Kudakwashe Leo Chigiya |
E-mail: | kchigiya@proplastics.zw |
Proplastics Limited Inimitable Oering
Proplastics Limited (formerly Murray & Roberts and Masimba Industries (Private) Limited), is the only Zimbabwean plastic pipes and ttings manufacturer listed on the Zimbabwe Stock Exchange.
Proplastics Limited is Zimbabwe's leading plastic pipe manufacturer, specialising in the production of Polyvinyl Chloride (PVC), High- Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE) pipes and related ttings. The pipes are manufactured for various
applications in irrigation, water and sewer reticulation, mining, telecommunications and building construction.
Proplastics Limited was established in 1965, Proplastics has over 50 years of experience in manufacturing complete range of plastic pipes and ttings in Zimbabwe with a signicant market share in the SADC region.
Proplastics pipes and ttings are easy to install and are adapted to
- variety of conditions encountered during use. Our products are corrosion- resistant, light in weight, have zero failure rates, are energy ecient which ensures long-term performance.
We request that in your next project ''You should invest in pipe material of choice, invest in Pipe Systems That Last; invest in Proplastics PVC and HDPE pipes and ttings.''
Please watch out for cheap imitations and products made from recycled materials and always insist on a minimum of 50 years performance guarantee on your next purchase remember ''Cheap Always Cost a Fold.''
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P R O P L A S T I C S L I M I T E D | 2 0 2 2 A N N U A L R E P O R T
Proplastics Unique Proposition
Proplastics Cause | Top of Client's Mind. |
Proplastics Vision | Unrivalled Leadership in Plastic Piping Systems. |
Proplastics Mission | To deliver World Class Plastic Piping Systems. |
What makes us unique | Game Changing Capabilities. |
Scope of the Game | Plastic Piping Systems. |
Our Brand Expression | Pipe Systems that Last. |
Our Strategic Focus Areas | Value | Growth | Innovation | Risk. |
Our Behaviours | Learning | Caring | Performance Driven | Excellence | Team Proplastics. |
Our Values | Integrity | Respect | Leadership | Communication | Teamwork. |
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Proplastics Ltd. published this content on 05 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 June 2023 13:38:01 UTC.