BROWNS BEACH HOTELS PLC
A N N U A L R E P O R T 2 0 2 1 / 2 2
- BROWNS BEACH HOTELS PLC
THE PROMISE OF
HOSPITALITY
At Heritance Negombo Hotel, we have always chosen to embrace the future, knowing that tough and adverse times will open hope and potential for tomorrow. This year, we restrategised to position our product offering and markets to thrive on the opportunities of the present. As we endured yet another challenging year for tourism in Sri Lanka, we invested time and resources in improving our efficiency and productivity, reskilling our team
to harness the possibility of the future.
We stand ready to extend our promise of hospitality to every guest that walks through our doors, through good times and bad.
2 BROWNS BEACH HOTELS PLC
CONTENTS
ABOUT THE GROUP
- About this Report
- About the Hotel
- Group Performance Highlights
- Chairman's Review
- Board of Directors
MANAGEMENT DISCUSSION AND ANALYSIS
12 Risk Management
- Our Commitment to Sustainability
- Financial Capital
- Manufactured Capital
- Human Capital
- Intellectual Capital
- Social Relationship Capital
- Natural Capital
GOVERNANCE
- Corporate Governance
- Audit Committee Report
- Remuneration Committee Report
- Related Party Transactions Review Committee Report
- Statement of Directors' Responsibilities
- Annual Report of the Board of Directors
- The Board of Directors' Statement on Internal Controls
FINANCIAL REPORTS
- Independent Auditor's Report
- Income Statement
-
Statement of Profit or Loss and
Other Comprehensive Income - Statement of Financial Position
- Statement of Changes in Equity
- Statement of Cash Flows
- Notes to the Financial Statements
- Financial Calendar
SUPPLEMENTARY INFORMATION
- Statement of Value Added
- Decade at a Glance
- Shareholder and Investor Information
- Glossary of Financial Terms
- Corporate Information
- Notice of Meeting
- Form of Proxy
- Investor Feedback Form
ABOUT THIS REPORT
Our Vision
To achieve excellence in all our activities, establish high growth businesses in Sri Lanka and across new frontiers, and become a globally competitive market leader in the region.
Our Values
- Reliable
- Honest & Transparent
- Warm & Friendly
- Genuine
- Inspiring Confidence
WELCOME TO OUR INTEGRATED ANNUAL REPORT
We are pleased to present our Integrated Annual Report which is designed
to provide a concise and balanced assessment of how we leveraged our resources and relationships to create value for our stakeholders during the year. The Report covers the operations of the Group for the financial year ending 31st March 2022. We adopt an annual reporting cycle for both financial and sustainability reporting. This Report builds on the Company's previous annual report for the financial year ending 31st March 2021.
SCOPE AND BOUNDARY
The Report covers the operations of Browns Beach Hotels PLC or the "Company", its subsidiary Negombo Beach Resorts (Pvt) Ltd. (collectively referred to as the "Group"). The Financial Statements presented on pages 68
to 124 and the discussion of financial aspects in the narrative report present a consolidated view of the Group, unless otherwise stated, while the non-financial information presented across the narrative report is limited to Heritance Negombo. Governance and risk management have been addressed in line with the Integrated Reporting Framework published by the International Integrated Reporting Council.MATERIALITY
We have applied the principle of materiality in identifying and prioritising the information to be included in this Report. Our material topics have been determined by giving due consideration to the operating context, stakeholder concerns and the Group's strategic objectives, and is discussed under the six capitals which could impact our ability to create value over the short, medium and long-term.
Feedback
We are committed to continuously improving our integrated reporting and welcome your feedback.
Kindly address your comments and suggestions for improvements of our Annual Report through the Investor Feedback Form on page 143.
Our contact details are:
Email:
gm.negombo@heritancehotels.com
Group Business Development Unit- Browns Beach Hotel PLC
Our report is available on
www.aitkenspencehotels.com/about-us/investor-relations/browns-beach-hotels-plc- reports.html
ANNUAL REPORT 2021/22 | 3 |
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Browns Beach Hotels plc published this content on 09 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2022 10:51:08 UTC.