Citizens Development Business Finance : Annual Report for Financial Year 2021/22
July 04, 2022 at 07:53 am
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A N N U A L R E P O R T 2 0 2 1 / 2 2
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TO PLAY
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OUR PART
TO PLAY
OUR OurPARTmotherland Sri Lanka facing unprecedented challenges...rebuilding the fortunes of the Nation will require us all to step up to the plate. CDB is ready to play its part...to offer unflagging support and empowerment to Nation and people as a premier financial solutions provider.
2 Content
4-30
31-51
52-109
1.0
2.0
3.0
OVERVIEW
OUR BUSINESS
OUR VALUE
AND CONTEXT
CREATION
STORY
4
1.1
Annual Report
32
2.1
Operating
53
3.1
Customers
of the Board of
environment and
65
3.2
CDB team
Directors
our response
71
3.3
Environment
8
1.2
Who we are
44
2.2
Our approach to
sustainable value
83
3.4
Society
12
1.3
Our year
creation
in review
89
3.5
Regulators
14
1.4
Chairman's letter
94
3.6
Business partners
20
1.5
Managing Director/
98
3.7
Investors
Chief Executive
Officer's review
24 1.6 Chief Financial Officer's analysis
ANNUAL REPORT
2021/22
This integrated report is our primary report to shareholders and other stakeholders. This presents a multi-dimensional view of our performance over the financial year 2021/22. We have exercised reasonable care in the preparation and presentation of this Integrated Report while preserving its integrity.
110-168
169-276
277-294
4.0
5.0
6.0
LEADERSHIP,
FINANCIAL
SUPPLEMENTARY
GOVERNANCE,
REPORTS
REPORTS
AND RISK
MANAGEMENT
3
1.0 OVERVIEW
2.0 OUR BUSINESS AND CONTEXT
111 4.1 Risk management
121 4.2 Corporate governance
139 4.3 Board of Directors
142 4.4 Corporate management team
146 4.5 Management team
150 4.6 Board Committee reports
162 4.7 Statement of Directors' responsibility
164 4.8 Directors' statement on internal control over financial reporting
167 4.9 Auditors' assurance report on the Directors' statement on internal control
5.1 Financial calendar
5.2 Financial Statements - Table of contents
5.3 Financial highlights
174 5.4 Independent Auditors' report
5.5 Statement of Profit or Loss and Other Comprehensive Income
5.6 Statement of Financial Position
5.7 Statement of Changes in Equity
182 5.8 Statement of Cash Flows
184 5.9 Notes to the Financial Statements
6.1 Quarterly statistics
6.2 Economic value added statement
6.3 Ten year statistical summary
282 6.4 USD accounts
284 6.5 Sustainability assurance report
6.6 GRI content index
6.7 Branch network
Corporate information
END-TO-END INTERACTIVE ONLINE HTML
Glossary Abbreviations Basis of ratios
ENCLOSED
Notice of meeting
Form of proxy (Voting)
Form of proxy (Non-voting)
3.0 OUR VALUE CREATION STORY
4.0
LEADERSHIP,
GOVERNANCE, AND RISK MANAGEMENT
5.0 FINANCIAL REPORTS
6.0 SUPPLEMENTARY REPORTS
END-TO-END INTERACTIVE ONLINE HTML
To cater to the communication needs of our diverse stakeholder groups, this Report is available as an end-to-end interactive online HTML version which includes additional reference material, features for ease of finding, extracting and sharing information.
https://www.cdb.lk/ar2021-22/
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Disclaimer
Citizens Development Business Finance plc published this content on 04 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 July 2022 11:52:09 UTC.
Citizens Development Business Finance PLC is a Sri Lanka-based company, which provides a range of financial services. The Companyâs services include accepting term and savings deposits, leasing, hire purchase, loan facilities, gold loan, foreign exchange, foreign remittances, and issuance of international debit cards, credit cards, margin trading, Islamic finance products and other financial services. It has three segments: Leasing and stock out on hire, Loans and advances, and Others. Leasing and stock out on hire segment is engaged in finance lease business and hire purchases of the Company. Loans and advances segment is engaged in providing loans and advances to the customers other than leasing and hire purchases of the Company. Others segment is engaged in providing other products and services. Its products include CDB Real Savings, CDB Salary Plus, CDB Dhana Surekum Fixed Deposits, CDB Corporate Finance, CDB Personal Loans, CDB Credit Cards, CDB Debit Card, and other.