Nestlé Lanka PLC
Annual Report 2021
My Nestlé, My Sri Lanka
My Nestlé, My Sri Lanka
For over 115 years, we have been doing good by delivering on our promise of 'Good food, Good life' and becoming an integral part of Sri Lankan lives. Through our diverse food and beverage portfolio, which caters to our consumers from early childhood to old age, we have helped 'unlock the power of food to enhance quality of life for everyone, today and for generations to come'. We are here together for good - for our families, our communities, and our planet, and ńôøļ ĵÝIJġĵń øļ ½ ĵݽſĵĖ½ńøġė ġì ġŊĵ commitment.
Contents
6 Our Performance
8 Innovations and Renovations
9 Awards and Accolades
10 Chairman's Message
12 Managing Director's Review
19 Board of Directors
20 Board of Directors' Profiles
22 Management Team
30 Corporate Governance
32 Corporate Governance Reporting
35 Report of the Audit Committee
37 Report of the Remuneration Committee
38 Report of the Related Party Transactions Review Committee
40 Annual Report of the Directors on the Affairs of the Company
45 Directors' Responsibility for Financial Reporting
54 Company Highlights
55 Independent Auditor's Report
58 Statement of Profit or Loss and Other Comprehensive Income
59 Statement of Financial Position
60 Statement of Changes in Equity
61 Statement of Cash Flows
62 Notes to the Financial Statements
102 Ten Year Summary
103 Share Information
105 Corporate Information
106 Notice of Meeting
107 Form of Proxy
109 Attendance Form & Instructions
¥Ý ½ĵÝ ėġŊĵøļôøėí 'ĵø T½ėČ½ ÏŤ ġżÝĵøėí ń½ļńøÝĵ ½ėÖ healthier products and inspiring Sri Lankans to live healthier and happier lives. We are committed to catering to the nutritional needs of our consumers across generations, from early childhood to old age through our diverse food and beverage portfolio. We continuously strive to reduce public health sensitive nutrients and add more positive ingredients like whole íĵ½øėļ̸ ƈÏĵÝ̸ ìĵŊøńļ̸ ŝÝíÝń½ÏďÝļ̸ ½ėÖ ļIJøÐÝļ ńġ ġŊĵ products. We also fortify our products where relevant
Şøńô ÝļļÝėńø½ď ĖøÐĵġėŊńĵøÝėńļ ńô½ń ½ĵÝ ÖÝƈÐøÝėń øė ńôÝ ďġнď ÖøÝń̷ T½ļń ŤÝ½ĵ̸ ŞÝ ½ďļġ ½ÐÐÝďÝĵ½ńÝÖ ġŊĵ Ýżġĵńļ to locally source as many ingredients as possible. In addition, we conduct several initiatives to educate, inspire and create awareness on healthy living, to help our consumers be healthier and happier.
We are uplifting Sri Lankan communities by supporting livelihoods of local farmers, empowering youth and fostering diversity and inclusion across our value chain. As one of Sri Lanka's largest collectors of fresh milk, we support the livelihoods of over 13,000 dairy farmers and help them improve their yield and quality through our Dairy Development Programme. Being one of the largest exporters of Coconut Milk Powder, we support over 8,000 local, medium and large-scale coconut farmers through the procurement of fresh coconuts.
@ė ½ÖÖøńøġė̸ ŞÝ ġżÝĵ ìĵÝÝ ôŤÏĵøÖ ÐġÐġėŊń IJď½ėńďÝńļ and technical assistance to encourage coconut cultivation among 4,000 rural farmers and home-growers through our Nestlé Coconut Plan. Further, we empower Sri Lanka's youth by enhancing employability and supporting them to reach their potential through initiatives conducted under the Nestlé Needs YOUth programme. We also have programmes in place to promote gender balance and the inclusion of diverse people in our workforce.
We are making Sri Lanka more sustainable by helping tackle plastic pollution, acting on climate change and caring for water. We have accelerated our journey towards net zero while striving to advance regenerative food systems at scale. Working from farm to table, we have actioned several initiatives to tackle plastic pollution by moving to recyclable or reusable packaging and helping to create a circular economy. Last year, we switched to paper straws for our Ready-to-Drink products and helped establish a collection infrastructure and recycling facility for aseptic beverage cartons in Sri Lanka. We also continue to work with government and private institutions to galvanize behavioural change towards caring for our planet. Further, we are proud to say that, while we increase our production capacity every
ŤÝ½ĵ̸ ŞÝ ń½ČÝ ÝŝÝĵŤ Ýżġĵń ńġ ÐġėńøėŊġŊļďŤ ĵÝÖŊÐÝ ńôÝ use of resources such as energy and water and the emission of harmful gases, by investing in the latest technologies and innovations.
Guided by our company's purpose and values, we are proud to have been a consistent Force for Good for over 115 years, by enhancing the quality of life of every Sri Lankan we touch. Through good and trying times, our contribution towards a sustainable and resilient Sri Lanka has never wavered. We constantly aim to push the boundaries of what's possible with food and beverages and are committed to do good for everyone - our families, communities, and the planet. We do this by -
́ gżÝĵøėí ń½ļńøÝĵ ½ėÖ ôݽďńôøÝĵ IJĵġÖŊÐńļ
• Inspiring people to live healthier lives
• Supporting livelihoods of local communities
• Enhancing youth employability
• Fostering diversity and inclusion
• Tackling plastic pollution
• Caring for water and acting on climate change
4
Nestlé Lanka PLC
Annual Report 2021
5
Our Performance
935 mn
servings of micronutrient enriched products to consumers
Rs. 2.4 BN
paid out to approximately 13,000 local dairy farmers
Saved energy by
16.9%٭
New reality is more important than ever, and we are proud to be a company whose values align with those of our consumers, with products and services that are helping to address society's greatest challenges.
15,000+≈
people provided with free health checks and nutritional counselling through our Choose Wellness, Choose Nestlé programmes
Rs. 6 BN
paid out to approximately 8,000 local coconut farmers
1,000
more homegrowers benefited through the fifth phase of the Nestlé Coconut Plan
Saved water by
2.5%٭
Reduced greenhouse gas emissions by
1.6%‡
Revenue
Rs. 45.42 bn
Approximately
60,000
Sri Lankans inspired to live a healthier, happier and fitter life through the Nestlé Family Club
26,000+≈
young people directly reached through our
Nestlé Needs YOUth programmeMaternity leave extended to
6 MONTHS
80%+≈
packaging by weight is recyclableSupported to set up a facility for recycling aseptic beverage cartons with processing and packaging solutions company Tetra Pak
Contribution to Exchequer
Rs. 5.6 bn
Earnings per share
Rs. 99.19
٭ 2012-2021 per tonne of production 6
≈ 2020-2021
‡ 2021 per tonne of production
Nestlé Lanka PLC
Annual Report 2021
7
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Nestlé Lanka plc published this content on 18 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 April 2022 11:13:03 UTC.