Annual Report of Laxpana Batteries
Laxapana Batteries PLC
Annual Report
2010 / 2011
Our Mission
“Our mission is to provide best value energy generating products”
To our shareholders - We will continuously improve our manufacturing capabilities and technology as part of our growth strategy and thereby improve profits and return on investment. To our customers - We will provide high quality products that will consistently meet customer expectations. To our employees - We will create a work environment where employees will be treated with dignity & respect and made active participants in the development of the organization. To our suppliers - We will work towards building long term relationships and commitment for mutual growth. To our society - We will commit ourselves to ensure that our present and future manufacturing systems and services will be so designed to create the least environmental impact. We will always promote good governance and ethical practices in business and honour the rights of all racial, religious and gender sections in our society.
LAXAPANA BATTERIES PLC / Annual Report 2010-2011
1
Contents
Our Mission Notice of Meeting Chairman’s Review Company Profile Board of Directors Annual Report of the Board of Directors Audit Committee Report Independent Auditors’ Report to the Shareholders Income Statement Balance Sheet Statement of Changes In Equity Cash Flow Statement Notes to the Financial Statements Share Information Ten Year Financial Summary Notes Form of Proxy Corporate Information Inner Front Cover 2 3 4 5 6 9 10 11 12 13 14 15 31 33 34 35 Inner Back Cover
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LAXAPANA BATTERIES PLC / Annual Report 2010-2011
Notice of Meeting
Notice is hereby given that the Fifty Fifth Annual General Meeting of Laxapana Batteries PLC will be held at the Grand Oriental Hotel, No. 2, York Street, Colombo 01, on Tuesday, 27th September 2011 at 10.00 a.m. for the following purposes, namely: 1. To receive and consider the Annual Report of the Board of Directors and the
Annual Report
2010 / 2011
Our Mission
“Our mission is to provide best value energy generating products”
To our shareholders - We will continuously improve our manufacturing capabilities and technology as part of our growth strategy and thereby improve profits and return on investment. To our customers - We will provide high quality products that will consistently meet customer expectations. To our employees - We will create a work environment where employees will be treated with dignity & respect and made active participants in the development of the organization. To our suppliers - We will work towards building long term relationships and commitment for mutual growth. To our society - We will commit ourselves to ensure that our present and future manufacturing systems and services will be so designed to create the least environmental impact. We will always promote good governance and ethical practices in business and honour the rights of all racial, religious and gender sections in our society.
LAXAPANA BATTERIES PLC / Annual Report 2010-2011
1
Contents
Our Mission Notice of Meeting Chairman’s Review Company Profile Board of Directors Annual Report of the Board of Directors Audit Committee Report Independent Auditors’ Report to the Shareholders Income Statement Balance Sheet Statement of Changes In Equity Cash Flow Statement Notes to the Financial Statements Share Information Ten Year Financial Summary Notes Form of Proxy Corporate Information Inner Front Cover 2 3 4 5 6 9 10 11 12 13 14 15 31 33 34 35 Inner Back Cover
2
LAXAPANA BATTERIES PLC / Annual Report 2010-2011
Notice of Meeting
Notice is hereby given that the Fifty Fifth Annual General Meeting of Laxapana Batteries PLC will be held at the Grand Oriental Hotel, No. 2, York Street, Colombo 01, on Tuesday, 27th September 2011 at 10.00 a.m. for the following purposes, namely: 1. To receive and consider the Annual Report of the Board of Directors and the