ACL Plastics : Annual Report for the year ended 31st March 2022

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At ACL Plastics, our recipe for resounding triumph is our expansive resources, our exceptional portfolio of cable grade PVC compounds manufactured to the highest local and international standards, and our visionary leadership that takes us from strength to strength each year.

For 6 decades, we have placed quality at the heart of all our business, and our strategy of delivering consistent excellence has enabled us to exceed expectations, thus securing our position as a leader in our arena of manufacturing plastic cable sheaths.

Whilst developing our operations to unmatched quality and excellence, we continue to deliver growth and steady streams of value to the many stakeholders we serve. This enables us to be a game changer in the industry and proudly continue our journey of success.

Contents

Vision and Mission................................................................................	3
Group Financial Highlights...................................................................	4
Chairman's Statement ..........................................................................	6
Board of Directors ................................................................................	9
Members of the Audit Committee,
Remuneration Committee and
Related Party Transactions Review Committee................................	11
Corporate Governance.......................................................................	12
Risk Management................................................................................	21
Report of the Directors.......................................................................	27
Report of the Related Party Transactions Review Committee.........	30
Remuneration Committee Report.....................................................	32
Audit Committee Report....................................................................	33
Financial Calendar...............................................................................	36
Directors' Responsibility for Financial Reporting.............................	37
Independent Auditor's Report ..........................................................	38
Statement of Profit or Loss.................................................................	41
Statement of Comprehensive Income...............................................	42
Statement of Financial Position.........................................................	43
Statement of Changes in Equity - Group..........................................	44
Statement of Changes in Equity - Company....................................	45
Statement of Cash Flows....................................................................	46
Notes to the Financial Statements....................................................	47
Information to Shareholders..............................................................	92
Statement of Value Added - Group...................................................	94
Five Year Summary - Group................................................................	95
Notice of Meeting...............................................................................	96
Form of Proxy......................................................................................	97

2 ACL Plastics PLC

Our Vision

To be a professional organisation which manufactures the highest quality performance polymers while enhancing our relationship with all our stakeholders.

Our Mission

ACL Plastics PLC is committed to a policy of continuous improvement & shall strive for excellence in all its endeavours while each individual in the team shall work towards a total quality culture aiming to delight the customers.

Annual Report 2021/22 3