EMPOWERING THE JOURNEYS OF MANY
At L B Finance PLC, we believe that no journey can be undertaken alone. Over the years, even as we made new strides in the industry and achieved unmatched progress, we continued to value and nurture the partnerships we made along the way; driving the collective development of the individuals and communities that surrounded us, through a spirit of collaboration that ensured mutual growth.
Today, as we venture into the future, we reinforce our pledge to strengthen and prioritise the needs of the many stakeholders that have contributed towards our success story. We are focused on inspiring every individual who partners with us to embark on a path filled with infinite possibilities. We are doing far more than simply advancing steadily towards our goals. We are also enabling the countless lives we impact to experience the life they envision for themselves; assisting them to achieve their aspirations both now, and in the years ahead.
Read on, and discover how L B Finance is built on a foundation designed to empower the journeys of many.
OUR REPORTING SUITE
LBF's 2021/22 Integrated Report is complemented by numerous publications and other information, which can be accessed through our website www.lbfinance.com.
For ease of access, we have grouped these supplemental reports into three distinct publications as shown below. Taken together, these publications form part of us, represent our comprehensive integrated reporting suite.
Integrated | Sustainability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk and | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Report | Report | Governance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Report |
ONLINE AND WEB DISCLOSURES
To assist in the reduction of the Company's carbon footprint, we urge our stakeholders to make use of our comprehensive reporting suite by using the link www. lbfinance.lk reporting or scanning the QR code shown to be directed to the page
FORWARD LOOKING STATEMENTS
This Integrated Annual Report may contain forward-looking statements with respect to the LBF Group's future performance and prospects. While these statements reflect our future expectations at the time of publishing, it is important to remain mindful that a number of risks, uncertainties and other important factors could cause actual results to differ materially from our expectations. Hence, the LBF Group does not accept any obligation to revise or update at a later date, the information expressed in these forward-looking statements
BOARD RESPONSIBILITY STATEMENT
The L B Finance PLC Board has applied its collective knowledge and expertise to ensure the integrity of the 2021/22 Integrated Report as well as any supplementary information referenced therein. The Board has considered the completeness
of the material aspects addressed in the report, and the reliability of financial and non-financial information presented based on the combined assurance process outlined above.
On this basis, the Board is satisfied that the 2021/22 Integrated Report provides a fair and accurate representation of the performance of the LBF Group for the year under review. Further the Board is of the view that the report confirms to the guidelines set out under the International Integrated Reporting Framework. The 2021/22 Integrated Report was approved by the Board and signed on its behalf by:G A R D Prasanna | J A S Sumith Adhihetty |
Chairman | Managing Director |
CONTENTS
Initiatives - First time in Sri Lanka | 4 - 5 |
About Our Integrated Report | 6 - 8 |
How to read our report | 9 - 13 |
Awards and Accolades | 14 |
Section 1
About us - Our profile .......................... | 16 - 19 |
Strategic journey.................................... | 20 - 21 |
Our contribution to the economy...... | 22 - 26 |
Section 2
Financial highlights................................. | 28 - 29 |
Non-financial highlights........................ | 30 - 31 |
Chairman's statement .......................... | 32 - 35 |
Managing Director's reviews............... | 36 - 39 |
Board of Directors................................. | 40 - 45 |
Senior Management ............................. | 46 - 47 |
Our carbon journey....................................... | 48 |
For the first time in Sri Lanka, L B Finance offers its annual report readers a unique experience, with a range of interactive content to choose from.
Section 3
Management Discussion and Analysis
Our operating context.......................... | 50 - 63 |
Our value creation business model... 64 - 67 Integrated stakeholder engagement.68 - 81
Our material matters in action........... | 82 | - 91 |
Strategic road map............................... | 92 -101 | |
Business line review.......................... | 102 -114 | |
Business analysis of Subsidiary ..... | 115 -118 | |
Capital management reports | ||
Financial Capital................................. | 120 - 147 | |
Manufactured Capital....................... | 148 - 157 | |
Human Capital................................... | 158 - 171 | |
Intellectual Capital............................. | 172 - 183 | |
Social and Relationship Capital...... | 184 - 211 | |
Natural Capital................................... | 212 - 222 |
SCAN THE QR CODES FEATURED HERE TO FIND OUT MORE
AUDIO VERSION SCAN AND LISTEN | Our corporate governance | Our industry overview | ||||||||||||||||||||||||||||||||||||||
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statement | Director's | |||||||||||||||||||||||||||||||||||||||
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review | PLAY LIST | PLAY LIST | PLAY LIST | PLAY LIST | PLAY LIST | PLAY LIST | ||||||||||||||||||||||||||||||||||
PLAY LIST | PLAY LIST | 01 | 02 | 03 | 04 | 05 | 06 | |||||||||||||||||||||||||||||||||
28 | 29 | Our business performance - Investing | Our digital financing performance | |||||||||||||||||||||||||||||||||||||
MAIN ANNUAL REPORT VIDEO | ||||||||||||||||||||||||||||||||||||||||
English | Sinhala | Tamil | English | Sinhala | Tamil | English | Sinhala | Tamil | ||||||||||||||||||||||||||||||||
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33 | 34 | 35 | 16 | 17 | 18 | 19 | 20 | 21 | ||||||||||||||||||||||||||||||||
ANIMATED VIDEOS | PDF VERSION | |||||||||||||||||||||||||
Stakeholder | Materiality | Strategic focus and |
identification | determination | resource allocation |
PLAY LIST | PLAY LIST | PLAY LIST | ||||||||||
30 | 31 | 32 |
Scan QR code to view this report online or visit https://sustainability.lbfinance.com/
Section 4 |
7th Section
Corporate Governance | |
- Chairman's statement ............................. | 224 |
Corporate Governance Report...... | 225 - 243 |
Annual Report of the | |
Board of Directors on the | |
Affairs of the Company.................... | 244 - 251 |
Board Sub Committee Reports | |
Remuneration Committee Report........... | 252 |
Section 6 | |
Financial Statement Highlights...... | 294 - 295 |
Financial Calendar........................................ | 296 |
Independent Assurance Report to the | |
Board of Directors................................... | 297 |
Directors' Responsibility Statement on | |
Internal Control over | |
Financial Reporting....................... | 298 - 299 |
Directors' Responsibility to | |
Financial Reporting.................................. | 300 |
Nomination Committee Report................ | 253 |
Board Audit Committee Report..... | 254 - 256 |
Board Integrated Risk Management | |
Committee Report............................ | 257 - 259 |
Related Party Transactions | |
Review Committee............................ | 260 - 261 |
Summarised | |
Risk Management Report................ | 262 - 266 |
Section 5
Sustainability at LBF.......................... | 268 | - 277 |
Consolidated Set of IR Standards. 277 - 285 | ||
Reporting on | ||
Anti-corruption programmes ........ | 286 - 288 | |
IR Assurance Report......................... | 289 - 290 | |
GRI Assurance Report...................... | 291 - 292 |
Independent Auditors' Report....... | 301 | - 304 |
Income Statement....................................... | 305 | |
Statement of | ||
Comprehensive Income......................... | 306 | |
Statement of Financial Position................ | 307 | |
Statement of Changes in Equity.... | 308 | - 309 |
Statement of Cash Flows................. | 310 | - 311 |
Notes to the | ||
Financial Statements.................... | 312 | - 424 |
Decade at a Glance........................... | 426 - 427 |
Quarterly Financial | |
Statements 2021/22......................... | 428 - 429 |
Income Statement (US Dollars)................. | 430 |
Statement of Comprehensive | |
Income (US Dollars)................................. | 431 |
Statement of | |
Financial Position (US Dollars)................... | 432 |
List of Abbreviations.................................... | 433 |
Glossary of Terms............................... | 434-437 |
Corporate Information....................... | 438-439 |
Notice of Annual General Meeting | ..........440 |
Form of Proxy................................................ | 441 |
Feedback Form | |
- Annual Report 2021/22....................... | 443 |
Our strategic direction | Our business performance - Financing | Our risk management oversight | |||||||||||||||||||||||||||||||||||||
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Our IT support for business operations | Our financial performances | ||||||||||||||||||||||||||||||||||||||
English | Sinhala | Tamil | English | Sinhala | Tamil | Visit our | |||||||||||||||||||||||||||||||||
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PLAY LIST | PLAY LIST | PLAY LIST | PLAY LIST | PLAY LIST | PLAY LIST | youtube | |||||||||||||||||||||||||||||||||
22 | 23 | 24 | 25 | 26 | 27 | playlist | |||||||||||||||||||||||||||||||||
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L B Finance plc published this content on 07 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2022 13:31:02 UTC.