Research Report- Durdans

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Research and Analysis Report – Durdans Hospital PLC

MISS.SAJINI LAKSHIKA MUTTIAH
ACCA REG NO.1726537
WORD COUNT:

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CONTENTS
Page
1. INTRODUCTION

2.1. The Company Background
2.2. The Private Health Care Sector in Sri Lanka
2.3. Objectives of the Research and the Research Approach

2. SOURCES OF INFORMATION

3.4. Secondary and Primary sources of information
3.5. Limitations of information gathering
3.6. Ethical issues in information gathering

3. BUSINESS PERFORMANCE ANALYSIS

4.7. Strategic Business Development

* SWOT Analysis
* Porter’s Five Forces Analysis
* PESTEL Analysis

4. FINANCIAL PERFORMANCE ANALYSIS

5.8. Revenue
5.9. Profitability
5.10. Liquidity
5.11. Investor Information

5. CASH FLOW STATEMENT ANALYSIS

6. CONCLUSIONS

7. REFERENCES

8. APPENDICES

9.12. List of Abbreviations

1. INTRODUCTION
1.1 The Company Background
The ongoing journey of Durdans hospital began during World War II between the year 1939 and 1945. During this era Durdans hospital had been a haven for the sick and injured British military personnel stationed in Ceylon. By the end of World War II a group of visionary medical professionals incorporated a Company known as “Ceylon Hospitals Limited” to own and operate Durdans hospital. Today Ceylon Hospitals PLC is a subsidiary of Durdans Management Services Ltd (DMSL). Durdans Heart Surgical Centre (Pvt) Ltd (DHSC) and Durdans Medical & Surgical Hospital (Pvt) Ltd (DMSH) are two subsidiaries of the Ceylon Hospitals Plc (CHPLC). The Corporate structure is given below:-

DMSL(Public Company)

CHPLC (Quoted public Company) / Durdans hospital

DHSC (Private Company) DMSH (Private Company)

Source: Company Annual Reports

However, my research is confined to the Ceylon Hospitals Plc and not to any of its subsidiaries, holding Company or the group as such.

1.2 The Private Health Care Sector in Sri Lanka
Public health care, free of charge, or at subsidized cost is considered a basic human need and as a citizen’s right in some developed, developing and under-developed countries. On the other hand, public health care to its people, at full cost of the State, or at subsidized cost is a challenge for many developing and under developed countries. Therefore some developing and under developed countries encourage the private health care sector of the economy to grow, compete with the state owned public health care institutions and provide health care to its citizens. Sri Lanka being a developing country has many such private health care institutions enjoying the above incentives and benefits offered by the State. Among these there are about 6 Private Hospitals that can substantially match the standards of a fully fledged state-of-the-art hospital. Sri Lanka has been confirmed of having the fastest ageing population among the Asian countries. The majority of the ageing population is having to cater to their own needs independently as their children have moved overseas for career opportunities and for better prospects. Source: (vide-Reference No.1)

Further local health care business was estimated to be over Rs.30bn (approximately over £170mn) in year 2008/09 with a rapid growth year on year. Source: (vide-Reference No.2)

1.3 Objectives of the Research and the Research Approach
* To analyze the business performance of the Company by applying relevant and appropriate business performance analysis, techniques and models.

* To analyze the financial performance of the Company with special reference to revenue, profitability and efficiency; liquidity and gearing, investor...
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