Hayleys : Annual Report for the year 2021/2022

FuturtheThe Hayleys Lifecode: Enriching

Hayleys PLC | Annual Report 2021/22

Over the years, Hayleys PLC has crafted a model of sustainable development that exemplifies responsible, value-driven operations. Our commitment towards upholding environmental, economic, social and good governance practices helps us in our pursuit of excellence - enabling us to positively impact lives across society and build a resilient future for all.

The Hayleys Lifecode is built on these very principles, and serves as a guide towards achieving holistic growth and progress across the board. As an entity that is etched within the very fabric of society, these same values help us connect with our countless partners and inspire sustainable values within our vast stakeholder network; guaranteeing consistent value through times of both triumph and tumult. We're built on structures that steadfastly steer towards a future of endless possibilities, come what may.

The Hayleys Lifecode. We're enriching the future.

2 Hayleys PLC Annual Report 2021/22

TABLE OF CONTENTS

1

WE ARE

THE HAYLEYS GROUP

8 Guide to our Integrated Annual Report

1. We are the Hayleys Group

1. Portfolio Highlights 2021/22

1. The Hayleys Lifecode

22 Navigating macro-economic headwinds

1. COVID-19response in 2021/22

1. Performance Highlights

1. Year at a Glance
2. Milestones

1. A Global Business

34 Supporting Sri Lanka's Food Security

3

UNLOCKING

VALUE

1. Value Creation Model

1. Stakeholder engagement

1. Operating landscape

1. Determining material matters

1. Strategy and Resource Allocation

102 Commitment to the Sustainable Development Goals (SDG)

105 Risks & Opportunities

4

MANAGEMENT DISCUSSION & ANALYSIS

Portfolio Review

1. Information we share in our Portfolio Review
2. Eco Solutions

1. Hand Protection

1. Purification

1. Textiles

1. Construction Materials

1. Plantations

1. Agriculture

1. Consumer & Retail

1. Leisure

207 Industry Inputs, Power & Energy

2

LEADERSHIP &

GOVERNANCE

1. Chairman/Chief Executive's Message

1. Board of Directors

1. Group Management Committee

1. Corporate Governance

1. Transportation & Logistics

1. Others

1. Outlook & Plans

Page

36

I AM DELIGHTED TO REPORT THAT HAYLEYS PLC RECORDED A PROFIT AFTER TAX OF RS. 28.10 BN,

SETTING A NEW RECORD FOR THE HIGHEST PROFIT IN THE 144-YEAR HISTORY OF THE GROUP AS WE SURPASSED THE RECORD SET IN THE PREVIOUS YEAR WITH A 100% INCREASE

Mohan Pandithage

Chairman and Chief Executive

In increasing the accessibility of our Chairman's Message to a wider audience, we have also made it available in all three languages.

Nurturing Our Resources

1. Consolidated Statement of Financial Performance
2. Financial Capital

240 Manufactured Capital

244 Human Capital

1. Social & Relationship Capital

1. Intellectual Capital

1. Consolidated Statement of Environmental Performance
2. Natural Capital

Statutory Disclosures

284 Annual Report of The Board of Directors

1. Chairman/Chief Executive's and Group Chief Financial Officer's Responsibility Statement
2. Directors' Statement on Internal Controls
3. Nomination Committee Report
4. Remuneration Committee Report
5. Statement of Directors' Responsibilities
6. Related Party Transactions Review Committee Report
7. Audit Committee Report

5

FINANCIAL

STATEMENTS

300 Independent Auditors' Report

304 Statement of Profit or Loss

1. Statement of Comprehensive Income
2. Statement of Financial Position

1. Statement of Changes in Equity

1. Statement of Cash Flows

1. Notes to the Financial Statements

1. Ten Year Summary

429 Indicative US Dollar Financial Statements

1. Value of Real estate

1. Quarterly Analysis
2. Share Information

1. History of Dividends and Scrip Issues

1. Country Report

1. Group Companies

449 Group Value Addition and Distribution

450 Awards and recognition

455 Glossary of Financial Terms

457 Independent Limited Assurance Report

459 GRI Content Index Tool

465 Corporate Information

466 Notice of Meeting

467 Notes

469 Form of Proxy

471 Investor Feedback Form

FEATURED CONTENT IN THIS

YEAR'S ANNUAL REPORT

	Page				Page
	11				22
	Aligning to			Navigating
	best practice			economic
	in global			headwinds
	reporting
Page
20
	HAYLEYS
	LIFECODE
	Our holistic
	approach to ESG
	Page		Page
	32		252
	A Global		Gender
	Business		parity report

SASB INDUSTRY STANDARDS

Household and personal products (Pg 138)

Construction materials (Pg 166)

Agricultural products (Pg 186)

Multiline and speciality retailers and distributors (Pg 196)

Wind technology and power generators (Pg 214)

Apparel, accessories and footwear (Pg 156)

Air freight and logistics (Pg 224)