ASIRI SURGICAL HOSPITAL PLC

Annual Report 2021/22

Contents

About us .............................................................................

1

Highlights of the year ........................................................

2

EXECUTIVE REVIEWS

Chairman's Review ............................................................

4

Management Discussion and Analysis ..............................

6

LEADERSHIP & GOVERNANCE

Board of Directors ...........................................................

10

Senior Management.........................................................

12

Consultant Medical Team................................................

14

Corporate Governance ....................................................

18

Risk Management Report................................................

23

Audit Committee Report .................................................

27

Remuneration Committee Report ...................................

29

Related Party Transactions Review Committee Report ..

30

Statement of Directors' Responsibilities ..........................

31

Annual Report of the Board of Directors

on the Affairs of the Company ........................................

32

FINANCIAL REPORTS

Independent Auditors' Report .........................................

36

Statement of Profit or Loss ..............................................

39

Statement of Comprehensive Income .............................

40

Statement of Financial Position .......................................

41

Statement of Changes in Equity......................................

42

Statement of Cash Flows .................................................

44

Notes to the Financial Statements....................................

45

SUPPLEMENTARY

Shareholder Information .................................................

94

Five Year Summary..........................................................

96

Economic Value Added Statement ..................................

97

Graphical Review.............................................................

98

Notice of Meeting............................................................

99

Notes ..............................................................................

100

Form of Proxy................................................................

103

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About Us

Asiri Surgical Hospital leads the field in specialised surgical care, a vital component of Asiri Health's proposition in Sri Lanka.

Fully geared to handle an array of surgeries, we provide a complete range of services under one roof. Driven by the latest technology and renowned for our dedicated nursing team, Asiri Surgical Hospital couples high-tech treatment with exemplary patient-care. We meet the highest standards for pre-surgical evaluation and diagnostics, employ a diverse and extremely qualified panel of surgeons, and ensure high-techpost-operation management.

At Asiri Surgical Hospital, we are continually improving processes, customising our care to meet changing needs, and optimising our patient experience; for truly world-class surgical care.

Annual Report 2021/22  |  1

Vision

To be a leading healthcare provider in South Asia with highest quality of clinical standards.

Mission

To care for and improve the quality of human life, through the provision of ethical healthcare solutions together with cutting-edge technology.

155 450+

Beds Consultants

24-hour

Emergency Treatment Unit (ETU) and Ambulance Service

World-class

Heart Centre and Comprehensive Cancer Care Centre

Centres of Excellence

Values

Care/Innovation/Respect Caring with a human touch Caring for society Caring for our employees Innovation and forward-focus Respect for all stakeholders

Cardiology, Oncology, Orthopedics, Urology and Gastroenterology

2   |  ASIRI SURGICAL HOSPITAL PLC

Highlights of the Year

Group

Year ended 31 March

2022

2021

Operating Results

Revenue

Rs. 000

5,837,833

4,229,712

Profit before Interest and Tax

Rs. 000

1,718,727

962,278

Profit after Tax

Rs. 000

1,246,317

859,667

Return on Equity

%

24.22

18.71

Balance Sheet Highlights

Total Assets

Rs. 000

10,626,278

8,643,691

Total Equity

Rs. 000

5,146,206

4,594,341

Shareholder Information

Earnings per Share

Rs.

2.36

1.63

Net Assets per Share

Rs.

9.74

8.69

Divedend per Share

Rs.

2.10

0.85

Share Price (31st March)

Rs.

15.00

13.80

PROFITABILITY

24.20

%

25

20

15.30

18.70

15

11.70

11.20

10.20

10.70

9.90

10

6.20

5.50

5

0

2018

2019

2020

2021

2022

Return On Capital Employed

Return on Equity

EARNINGS AND MARKET VALUE

15.00

(LKR Mn.)

13.80

15.00

12.00

10.20

9.50

9.00

9.00

6.00

3.00

1.03

0.69

0.82

1.63

2.36

0.00

2018

2019

2020

2021

2022

REVENUE (LKR Mn.)

6,000

5,838

5,000

3,655

4,230

4,000

3,275

3,475

3,000

2,000

1,000

0

2018

2019

2020

2021

2022

PROFIT AFTER TAX (LKR Mn.)

1,500

1,246

1,200

900

860

600

547

367

433

300

0

2018

2019

2020

2021

2022

Earnings per Share

Marcket price per Share

Operational Reviews

Chairman's Review.............................................................

4

Management Discussion and Analysis ..............................

6

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Asiri Surgical Hospital plc published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 04:27:02 UTC.