JOHN KEELLS PLC

ANNUAL REPORT 2021 | 2022

LEA DT H E

l e a d t h e c h a n g e

John Keells PLC has a clearly defined vision for the future; one designed to withstand change and challenge alike. Our legacy is built on thriving through changes that have defined the course of Sri Lanka's history and the fortunes of Ceylon Tea. As we position ourselves to embrace the opportunities

of the present and the potential of tomorrow, we have

strengthened our capabilities and our partnerships to extend sustained value in ways that matter. We are evolving to lead the change.

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JOHN KEELLS PLC

Annual Report 2021/22

About Us

Management

Corporate

Financial

pg04

Discussion

Governance

Information

and Analysis

pg36

pg65

pg14

Contents

ABOUT US

About Us 04

Introduction to the Report 05

Group Structure 06

Senior Management Team 06

Performance Highlights 07

Milestones 8

Chairman's Statement 10

MANAGEMENT DISCUSSION AND ANALYSIS

Management Discussion & Analysis 14

Financial Review 23

Human Resources & CSR 28

STEWARDSHIP

The Board of Directors 34

Corporate Governance 36

Enterprise Risk Management 51

Report of the Board Audit Committee

55

Report of the Related Party

Transactions Review Committee 58

Annual Report of the Board of

Directors 59

Statement of Directors' Responsibility

64

FINANCIAL INFORMATION

Financial Calendar 66 Independent Auditor's Report 67 Income Statement 70

Statement of Comprehensive Income 71

Statement of Financial Position 72 Statement of Changes in Equity 73 Cash Flow Statement 75

Index to the Notes 77

Notes to the Financial Statements 78 Information to Shareholders and

Investors 129

Key Ratios & Information 131 Five year Summary 132 Glossary of Financial Terms 134

Corporate Information Inner Back Cover

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L IGH T T HE

A B O UT US

About Us | Introduction to the Report | Group Structure | Senior Management Team |

Performance Highlights | Milestones | Chairman's Statement

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John Keells plc published this content on 23 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2022 10:15:08 UTC.