Orient Finance : ANNUAL REPORT 2021 /2022

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OUR

TRUE SELF

ORIENT FINANCE PLC

OUR

TRUE SELF

Unlocking Our True Self

The true traits of perseverance come to light only amidst times of adversity. As the world continues to reel from the pandemic, Sri Lanka too continues to undergo its own mix of challenges - on both economic and social fronts. It is during times such as these, that our concerns for the future take a toll. And it is during such tough economic situations that financial institutions need to remain defiant in the face of unexpected twists and turns.

Having adjusted to the situation at hand, Orient Finance reaffirmed our customers of our ability to foster their financial safety and their dreams for the future. In this regard, the profitable outcome of the year is a mark of our resilience, while the continued ability to secure financial means on behalf of our customers demonstrates how we have remained true to ourselves - to our vision and our promises.

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Content

	4				5	Highlights	6-7
Our Vision, Mission				About this			Financials &
and Values				Report			Non-Financial
								LEADERSHIP
Our contribution	8-9		About the		10
to the		Company			CHAIRMAN'S
economy									MESSAGE
STRATEGIC
					12
REPORT
Value Creation Model		18-19
Stakeholder Engagement	20-23
Materiality		24-25
MANAGEMENT					CHIEF EXECUTIVE
DISCUSSION					OFFICER'S REVIEW
AND ANALYSIS					14
Operating Environment		28-29
Awards and Accolades		30
DELIVERING
VALUE THROUGH
RESPONSIBILITY
CAPITALS
The Capital Approach		32-33			Board of Directors			48-49
Financial Capital		34-36			Board of Directors - Profiles	50-53
Manufactured Capital		37-38			Corporate Management	54-55
Human Capital		39-40			Senior Management			56-59
Intellectual Capital		41-42			Corporate Governance	61-78
Social and Relationship Capital	43-44			Risk Management			79-92
Natural Capital		45
Key Organisational Outcomes Map	46

BOARD

SUB-COMMITTEE

REPORTS

Board Integrated Risk Management Committee Report	94-95
Board Human Resources and Remuneration Committee Report	96
Board Related Party Transactions Review Committee Report	97
Board Audit Committee Report	98-99
FINANCIAL
STATEMENT
Independent Assurance Report	102-111
Directors' Report on the Internal Control System	112
Annual Report of the Board of Directors on the Affairs of the Company	113-116
Directors' Responsibility Statement	117
Independent Auditor's Report	118-121
Income Statement	122
Statement of Other Comprehensive Income	123
Statement of Financial Position	124
Statement of Changes in Equity	125
Statement of Cash Flows	126
Significant Accounting Policies	127-143
Notes to the Financial Statements	144-176
ANNEXES
Ten Year Achievements	178-199
Statement of Value Added	180
Share Information	181-182
Glossary of Financial Terms	183-185
Branch Network	186-187
Notice of Meeting	188
Form of Proxy	189-190
Corporate Information - Inner Back