Aitken Spence Plc Ar 2009 10

8/7/2019 Aitken Spence Plc Ar 2009 10

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fast forward!

2009 was a hugely significant year in local

history - as, for the first time in over thirty years,

the nation was empowered to grasp the opportunities

we have sought for so long. Since 1868, the Aitken Spence

Group has been an icon of leadership and solid value to

every Sri Lankan corporate, at every level. And today we

are ready to fast forward into the many challenges that

lie ahead.

Creating value shall remain our guiding principle

as a bluechip corporate that is also an engine

of growth, joining all Sri Lankans to drive

national development fast forward,

across the island.

ServicesStrategic InvestmentsCargo LogisticsTourism


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Services

Sector

Given its strategicgeographical position inSouth Asia, Sri Lanka ispoised to become aservice hub in the region.Aitken Spence has takenadvantage of thispositioning to realise ourvision of expandingregionally to drive ourmultifaceted Companyforward as a respectedindustry leader. TheServices sector

encompasses the Groupsinterests in financialservices, insurance, theoperation andmaintenance of powerplants and real estatedevelopment. We arealso the agents for theworld renownedinternational elevator

agency OTIS.

StrategicInvestmentsSector

A successful

conglomerate isreinforced by astuteinvestments andstrategic partnerships.The Groups diversifiedinterests in identifiedgrowth sectors such aspower generation,plantations and garmentmanufacture, lie within

its strategic investmentssector. These diverseinvestments have provedto be significantinitiatives, with vigorousactivity and returnsensuring our sustainedgrowth within keysectors of the economy.

CargoLogisticsSector

Aitken Spence has playeda significant role in

maritime trade inSri Lanka and has beenin the business of linershiping agencies formany years. Ourintegrated offering ofair-sea freightforwarding,warehousing,distribution, courier andtransport provides a

total, seamless solutionto the importers and theexporters. The sector hasthe distinction of beingthe first Sri Lankanentity to venture intoport efficiencyenhancement operationsoverseas.

Tourism

Sector

Aitken Spence is aleading player in travel

and tourism, owningand managing a chainof luxury hotels andresorts in Sri Lanka, theMaldives, India andOman. Three decades ofexperience in hotels givesus an expert edge indesigning, building andmanaging properties.

Our travel sector coversthe full spectrum oftravel related activitiesfrom inbound tooutbound travel and isthe general sales agentfor some of the mostprestigious internationalairlines.


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fast forward!








lie ahead.





across the island.

ServicesStrategic InvestmentsCargo LogisticsTourism


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Services

Sector



agency OTIS.


A successful



CargoLogisticsSector

Aitken Spence has playeda significant role in

maritime trade inSri Lanka and has beenin the business of linershiping agencies formany years. Ourintegrated offering ofair-sea freightforwarding,warehousing,distribution, courier andtransport provides a

total, seamless solutionto the importers and theexporters. The sector hasthe distinction of beingthe first Sri Lankanentity to venture intoport efficiencyenhancement operationsoverseas.


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fast forward!








lie ahead.





across the island.

ServicesStrategic InvestmentsCargo Logistics


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A successful




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fast forward!








lie ahead.





across the island.

ServicesStrategic Investments


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Services

Sector



agency OTIS.


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fast forward!








lie ahead.





across the island.

Services


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Annual Report 2009 - 2010

fast forward!








lie ahead.





across the island.


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Revenuefor the year ended 31st March

0

2,000

4,000

6,000

8,000

10,000

06 07 08 09 10

Profit from Operationsfor the year ended 31st March

0

300

600

900

1,200

1,500

06 07 08 09 10

Tourism Sector

0

2,000

4,000

6,000

8,000

10,000

12,000

Capital Employed

Revenue EBIT

09 10

Rs. Mn Rs. Mn Rs. Mn


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0

500

1,000

1,500

2,000

2,500

3,000

3,500

06 07 08 09 10


0

100

200

300

400

500

600

700

800

06 07 08 09 10

Cargo Logistics Sector

0

500

1,000

1,500

2,000

2,500

3,000

3,500

Capital Employed

Revenue EBIT

09 10



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0

5,000

10,000

15,000

20,000

06 07 08 09 10


0

500

1,000

1,500

2,000

06 07 08 09 10

Strategic Investments Sector

0

5,000

10,000

15,000

20,000

Capital Employed

Revenue EBIT

09 10



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0

500

1,000

1,500

2,000

06 07 08 09 10


0

100

200

300

400

500

600

06 07 08 09 10

Services Sector

0

1,000

2,000

3,000

4,000

5,000

09 10

Capital Employed

Revenue EBIT



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Length of Service4%6%

8%

70%

12%

0%

Less than 5

5 to 10

11 to 15

16 to 20

20 to 30

More than 30

Categorywise EmployeeAnalysis

Managerial

Non - Executive

Executive

25%

70%

5%


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Employees TrainedCategorywise %

Managerial

Non - ExecutiveExecutive

19%

77%

4%

Types of Training

7%

45%

41%

7%

Organisational Development

Managerial Development

Individual Development

Techinical

Functional Analysis

9%4%

12%

72%

3%

HR & Personnel

Finance & IT

Marketing

Operations

Administration


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GDP Growth Rate

6.2%

7.7%

6.8%

6.0%

3.5%

GrowthR

ate%

GDP Growth (%)

05 06 07 08 09

Annual Inflation Rate

11.6%

17.5%

13.7%

22.6%

3.4%

InflationRate%

Inflation Rate (%)

05 06 07 08 09


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Annual Exchange Rate

100.50

110.62

103.96

108.33

114.94

05 06 07 08 09

USD/LKR

Annual Exchange Rate

1 Year TB Rate

10.37%

12.96%

19.96%

9.33%

19.12%

05 06 07 08 09

Rate%

TB Rate %


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All Share Price Index

1922.2

1503.0

2722.4

3385.6

2541.0

05 06 07 08 09

ASPI

All Share Price Index


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Rs. Mn

06 07 08 09 100

5,000

10,000

15,000

20,000

25,000

30,000

Profit Before Taxationfor the year ended 31st March

Rs. Mn

06 07 08 09 100

500

1,000

1,500

2,000

2,500

3,000

3,500

Net Profit Attributablefor the year ended 31st March

Rs. Mn

06 07 08 09 100

500

1,000

1,500

2,000

2,500


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Cargo Logistics Sector

0

500

1,000

1,500

2,000

2,500

3,000

3,500

Capital Employed

Revenue EBIT

09 10

Rs. Mn

Tourism Sector

0

2,000

4,000

6,000

8,000

10,000

12,000

Capital Employed

Revenue EBIT

09 10

Rs. Mn


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Services Sector

0

1,000

2,000

3,000

4,000

5,000

09 10

Capital Employed

Revenue EBIT

Rs. Mn

Strategic Investments Sector

0

5,000

10,000

15,000

20,000

Capital Employed

Revenue EBIT

09 10

Rs. Mn


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Geographical Analysis ofProfit Before Taxationfor the year ended 31st March

Rs. Mn

06 07 08 09 100

500

1,000

1,500

2,000

2,500

3,000

3,500

South Asia

Sri Lanka

Assets & Funding

as at 31st MarchRs. Bn

06 07 08 09 100

10

20

30

40

50

60

70

80

Short Term Funding

Long Term Funding

Current Assets & Others

Fixed Assets


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Net Working Capital &Current Ratioas at 31st March

Rs. Mn Times

06 07 08 09 100

500

1,000

1,500

2,000

2,500

3,000

0.0

0.4

0.8

1.2

1.6

2.0

Net Working CapitalCurrent Ratio

Short Term &Long Term Interestfor the year ended 31st March

Rs. Mn

06 07 08 09 100

200

400

600

800

1,000

1,200

Interest on Short Term Loans

Interest on Long Term Loans


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Earnings Per Sharefor the year ended 31st March

Rs.

06 07 08 09 100

10

20

30

40

50

60

70

80

Market Value Per Shareas at 31st March

Rs.

06 07 08 09 100

300

600

900

1,200

1,500


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Dividends Per Sharefor the year ended 31st March

Rs.

06 07 08 09 100

2

4

6

8

10

Price Earnings Ratioas at 31st March

Times

06 07 08 09 100

5

10

15

20


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06 07 08 09 100

2,000

4,000

6,000

8,000

10,000

Strategic Investment

Foreign Currency Generationfor the year ended 31st March

Rs. Mn

Tourism Cargo Logistics

Service


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3%

38%

30%

21%

8%

2009/10Distribution of Wealth Created

To government of Sri Lanka

To employees

To lenders of capital

To Share holders

Retained for reinvestments & future growth


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Share Prices vs Indices 2009/201012 Month TrendIndex Level Share Price - Rs.

Apr-09

May-09

Jun-09

Jul-09

Aug-09

Sep-09

Oct-09

Nov-09

Dec-09

Jan-10

Feb-10

Mar-10

Share PriceMPIASI

1000

2000

3000

4000

5000

300

600

900

1,200

1,500


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Share Prices vs Indices10 Year Trend

0

500

1000

1500

2000

2500

3000

3500

4000

4500

01

02

03

04

05

06

07

08

09

10

Index Level Share Price - Rs.

Share PriceMPIASI

0

300

600

900

1,200

1,500

Rs. Mn

06 07 08 09 10

Market Capitalisationas at 31st March

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

Rs.

06 07 08 09 10

Market Value Per Shareas at 31st March

0

300

600

900

1,200

1,500


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Corporate Information

Name

AITKEN SPENCE PLC

Legal Form

A Public quoted Company with limited liability,incorporated in Sri Lanka in 1952

Company Registration NumberPQ 120

Registered Office

No. 305,Vauxhall Street,Colombo 02,Sri Lanka

Directors

D.H.S. Jayawardena

ChairmanJ.M.S. Brito LLB, FCA, MBA

Deputy Chairman and Managing Director

R.M. Fernando Ph.D., MBA, FCIM (UK)

G.M. Perera FAIM

M.P. DissanayakeMBA, Ph.D., Postgraduate.Dip.Marketing FCIM,FICS, FCILT (UK), (GLE) Harvard Business School(appoint w.e.f. 1/09/2009)

G.C. Wickremasinghe

C.H. GomezN.J. de S. Deva Aditya DL, FRSA, MEP

V.M. Fernando Attorney-at-Law

R.N. Asirwatham FCA(appoint w.e. f. 1/09/2009)

Audit Committee

R.N. Asirwatham - Chairman.

G.C. Wickremasinghe

C.H. Gomez

N.J. Deva Aditya

Remuneration Committee

G.C. Wickremasinghe - Chairman.

V.M. Fernando

R.N. Asirwatham

D.H.S. Jayawardena

Nomination CommitteeG.C. Wickremasinghe - Chairman

D.H.S. Jayawardena

J.M.S. Brito

V.M. Fernando

R.N. Asirwatham

Company Secretary

R.E.V. Casie Chetty

FCA, FCMA, M.C.M.I., J. Dip.M.A.

Auditors

KPMG Ford, Rhodes, Thornton & Co.,

Chartered Accountants

Contact Details

No. 305,Vauxhall Street,Colombo 02,Sri Lanka.

Telephone : (94 11) 2308308

Facsimile : (94 11) 2445406

Internet : www.aitkenspence.com


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Aitken Spence Plc Ar 2009 10

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