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400
Group Net Turnover 200
(Rs. Mn)
0
5000
2013 2014 2015 2016 2017
4000
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400 (Rs. Mn)

10 600
200

0 0
400
2013 2014 2015 2016 2017

Interest Cover
Net Finance cost
200

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700 ROCE / ROE
600 (%)

500 50
400 45
40
300
35
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100 25
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2013 2014 2015 2016 2017 15
10
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200
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0
2013 2014 2015 2016 2017
Assst Turnover
(Times)

1.6 *HWP[HS:[Y\J[\YLHUK.LHYPUN
1.4 ;OL.YV\WZ*HWP[HSZ[Y\J[\YL^HZJOHUNLKH[[OLLUKVM
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0.4
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2013 2014 2015 2016 2017

Capital Structure
)VYYV^PUN (Rs. Mn)

3VUN[LYTKLI[^HZVI[HPULKTHPUS`[VUHUJL77 ,MVY 3000

JHWHJP[`L_WHUZPVUWYVQLJ[;OLV\[Z[HUKPUNSVUN[LYTKLI[
HZH[Z[4HYJO^HZ9Z4U9Z 2500
4UKL[HPSZVM^OPJOHYLNP]LUPUUV[L[V[OLUHUJPHS 2000
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VUHJJV\U[VMZOVY[[LYTSVHUZ^HZ9Z4U^OPJO 1500
JVUZPZ[LKVMV]LYKYHM[HUKPTWVY[SVHUZ9ZaLYV
1000
:OVY[[LYTIVYYV^PUNZ^LYLVI[HPULK[VUHUJL^VYRPUN
JHWP[HSYLX\PYLTLU[Z 500

0
2013 2014 2015 2016 2017

Long TermT Borrowing

Equity

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20
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]HS\LVMP[ZSPHIPSP[PLZHUKZ[H[LKJHWP[HS

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5 Rs 000 Rs 000
5VUJ\YYLU[HZZL[Z  
0 *\YYLU[HZZL[Z   
2013 2014 2015 2016 2017
;V[HSHZZL[Z  
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to offer quality products
through its systems and
procedures that ensure
a healthy and safe work
environment for its
employees and to mitigate
the harmful impact on
possible biodiversity and
habitats. 
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SECTION 01JV]LYZ[OLL_[LU[VMHKOLYLUJL[V[OL
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SECTION 1: CODE OF BEST PRACTICE ON CORPORATE GOVERNANCE ISSUED BY THE SECURITIES AND EXCHANGE
COMMISSION OF SRI LANKA (SEC) AND THE INSTITUTE OF CHARTERED ACCOUNTANTS OF SRI LANKA (CASL)

Corporate Governance Reference of Compliance The Companys Extent of Compliance in 2016/17

Principles Code

A. DIRECTORS

A.1 THE BOARD

;OL*VTWHU`PZOLHKLKI`HULMMLJ[P]L)VHYKVM+PYLJ[VYZ^P[OSVJHSHUKPU[LYUH[PVUHSL_WLYPLUJL;OL)VHYKVM+PYLJ[VYZVM
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MVY[OLZ\JJLZZM\SM\UJ[PVUPUNVM[OL*VTWHU`;OL)VHYKZJVTWVZP[PVUYLLJ[ZHZV\UKIHSHUJLVMPUKLWLUKLUJLHUKHUJOVYZ
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Corporate Governance Reference of Compliance The Companys Extent of Compliance in 2016/17
Principles Code

 *VTWHU`)VHYK ( *VTWSPLK ;OL*VTWHU`:LJYL[HY`HJ[ZHZ[OL)VHYK:LJYL[HY`HZ^LSS

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A.2 CHAIRMAN AND CHIEF EXECUTIVE OFFICER (CEO)

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*VYWVYH[L.V]LYUHUJL

Corporate Governance Reference of Compliance The Companys Extent of Compliance in 2016/17

Principles Code

A.3 CHAIRMANS ROLE

;OL*OHPYTHUSLHKZHUKTHUHNLZ[OL)VHYKLUZ\YPUN[OH[P[KPZJOHYNLZP[ZSLNHSHUKYLN\SH[VY`YLZWVUZPIPSP[PLZLMMLJ[P]LS`HUKM\SS`
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A.4 FINANCIAL ACUMEN

;OL*VKLYLX\PYLZ[OH[[OL)VHYKJVTWYPZLZVMTLTILYZ^P[OZ\MJPLU[UHUJPHSHJ\TLUHUKRUV^SLKNLPUVYKLY[VVMMLYN\PKHUJL
VUTH[[LYZVUUHUJL;OL)VHYKVM[OL*VTWHU`OHZTL[[OLHIV]LYLX\PYLTLU[HZZVTLVM[OL)VHYKTLTILYZHYLX\HSPLK
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VUTH[[LYZVMUHUJL

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A.5 BOARD BALANCE

;OL*VKLYLX\PYLZ[OH[HIHSHUJLPZTHPU[HPULKIL[^LLU[OL,_LJ\[P]LHUK5VU,_LJ\[P]L+PYLJ[VYZ5,+ZZV[OH[UVPUKP]PK\HS
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;OL)VHYKJVUZPZ[ZVM;OYLL,_LJ\[P]L+PYLJ[VYZHUK-P]L5VU,_LJ\[P]L+PYLJ[VYZ,HJOVM[OLTIYPUNZ[V[OL)VHYK^PKL
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 S (3<4,?73*(UU\HS9LWVY[
Corporate Governance Reference of Compliance The Companys Extent of Compliance in 2016/17
Principles Code

7YLZLUJLVM5VU ( *VTWSPLK -P]LVM[OL,PNO[+PYLJ[VYZHYL5VU,_LJ\[P]L+PYLJ[VYZ

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*VYWVYH[L.V]LYUHUJL

Corporate Governance Reference of Compliance The Companys Extent of Compliance in 2016/17

Principles Code

*VUKLU[PHS ( *VTWSPLK (:LUPVY0UKLWLUKLU[+PYLJ[VYPZH]HPSHISLMVYJVUKLU[PHS

+PZJ\ZZPVUZ^P[O KPZJ\ZZPVUZ^P[OV[OLY+PYLJ[VYZ^OVTH`OH]LJVUJLYUZ^OPJO
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A.6 SUPPLY OF INFORMATION

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A.7 APPOINTMENTS TO THE BOARD

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A.8 RE-ELECTION

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Corporate Governance Reference of Compliance The Companys Extent of Compliance in 2016/17

Principles Code

A.9 APPRAISAL OF BOARD PERFORMANCE

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A.10 DISCLOSURE OF INFORMATION IN RESPECT OF DIRECTORS

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A.11 APPRAISAL OF CHIEF EXECUTIVE OFFICER

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Corporate Governance Reference of Compliance The Companys Extent of Compliance in 2016/17
Principles Code

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B. DIRECTORS REMUNERATION

B.1 REMUNERATION PROCEDURE

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Corporate Governance Reference of Compliance The Companys Extent of Compliance in 2016/17

Principles Code

B.2 THE LEVEL AND MAKE UP OF REMUNERATION

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Corporate Governance Reference of Compliance The Companys Extent of Compliance in 2016/17
Principles Code

B.3 DISCLOSURE OF REMUNERATION

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C. RELATIONS WITH SHAREHOLDERS

C.1 CONSTRUCTIVE USE OF THE ANNUAL GENERAL MEETING (AGM) AND CONDUCT OF GENERAL MEETINGS

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Corporate Governance Reference of Compliance The Companys Extent of Compliance in 2016/17

Principles Code

C.2 COMMUNICATION WITH SHAREHOLDERS

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Corporate Governance Reference of Compliance The Companys Extent of Compliance in 2016/17
Principles Code

C.3 MAJOR TRANSACTIONS

+PYLJ[VYZZOV\SKKPZJSVZL[VZOHYLOVSKLYZHSSWYVWVZLKJVYWVYH[L[YHUZHJ[PVUZ^OPJOPMLU[LYLKPU[V^V\SKTH[LYPHSS`HS[LY]HY`[OL
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D. ACCOUNTABILITY AND AUDIT

D.1 FINANCIAL REPORTING

;OL)VHYKZOV\SKWYLZLU[HIHSHUJLKHUK\UKLYZ[HUKHISLHZZLZZTLU[VM[OLJVTWHU`ZUHUJPHSWVZP[PVUWLYMVYTHUJLHUK
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)VHYKZYLZWVUZPIPSP[` + *VTWSPLK ;OL)VHYKOHZYLJVNUPaLK[OLYLZWVUZPIPSP[`[VWYLZLU[

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Corporate Governance Reference of Compliance The Companys Extent of Compliance in 2016/17

Principles Code

:\TTVUHU,.4[V + *VTWSPHU[ 9LHZVUMVYZ\JOHU,.4OHZUV[YPZLUHZ`L[I\[^V\SKIL

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D.2 INTERNAL CONTROL

;OL)VHYKZOV\SKOH]LHZV\UKZ`Z[LTVMPU[LYUHSJVU[YVSZ[VZHMLN\HYKZOHYLOVSKLYZPU]LZ[TLU[ZHUK[OL*VTWHU`ZHZZL[Z

(UU\HSL]HS\H[PVU + *VTWSPLK ;OL)VHYKPZYLZWVUZPISLMVY[OL.YV\WZPU[LYUHSJVU[YVSHUK

VM[OLPU[LYUHSJVU[YVSZ P[ZLMMLJ[P]LULZZ0U[LYUHSJVU[YVSPZLZ[HISPZOLK^P[OLTWOHZPZ
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VWLYH[PVUHSHUKJVTWSPHUJLJVU[YVSZHUKYPZRTHUHNLTLU[
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VUS`YLHZVUHISLHUKUV[HIZVS\[LHZZ\YHUJL[OH[LYYVYZHUK
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+LWHY[TLU[4( :9+WSH`ZHZPNUPJHU[YVSLPUHZZLZZPUN
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Corporate Governance Reference of Compliance The Companys Extent of Compliance in 2016/17
Principles Code

9L]PL^VM[OLWYVJLZZ + *VTWSPLK ;OL(\KP[*VTTP[[LLYL]PL^ZPU[LYUHSJVU[YVSPZZ\LZHUKYPZR

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D.3 AUDIT COMMITTEE

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*VYWVYH[L.V]LYUHUJL

Corporate Governance Reference of Compliance The Companys Extent of Compliance in 2016/17

Principles Code

;LYTZVMYLMLYLUJLVM + *VTWSPLK ;LYTZVM9LMLYLUJLVM[OL)VHYK(\KP[*VTTP[[LLPZJSLHYS`

[OL(\KP[*VTTP[[LL KLULKPU[OL*OHY[LYVM[OL(\KP[*VTTP[[LLHWWYV]LKI`
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D.4 CODE OF BUSINESS CONDUCTED AND ETHICS

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D.5 CORPORATE GOVERNANCE DISCLOSURE

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Corporate Governance Reference of Compliance The Companys Extent of Compliance in 2016/17
Principles Code

+PZJSVZ\YLVM + *VTWSPLK ;OPZYLX\PYLTLU[PZTL[[OYV\NO[OLWYLZLU[H[PVUVM[OPZYLWVY[

JVYWVYH[LNV]LYUHUJL

E. INSTITUTIONAL INVESTORS

E.1 SHAREHOLDERS VOTING

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E.2 EVALUATION OF GOVERNANCE DISCLOSURES

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F. OTHER INVESTORS

F.1 INVESTING/ DIVESTING DECISIONS

:LLR0UKLWLUKLU[ - *VTWSPLK 0UKP]PK\HSPU]LZ[VYZHYLLUJV\YHNLK[VJHYY`V\[HKLX\H[L

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F.2 SHAREHOLDER VOTING

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*VYWVYH[L.V]LYUHUJL

Corporate Governance Reference of Compliance The Companys Extent of Compliance in 2016/17

Principles Code

G. SUSTAINABILITY REPORTING

;OL*VKLYLX\PYLZ[OL*VTWHU`[VHKVW[[OLMVSSV^PUNWYPUJPWSLZPU:\Z[HPUHIPSP[`9LWVY[PUN[VLUZ\YL[OLTHPU[LUHUJLVMWVSPJPLZ
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G.1 PRINCIPLES OF SUSTAINABILITY REPORTING

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9LWVY[VU6[OLY3LNHSHUK9LN\SH[VY`9LX\PYLTLU[Z
(ZYLX\PYLKI`:LJ[PVUVM[OL*VTWHUPLZ(J[5VVM
^LZ[H[L[OLMVSSV^PUN!
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I 0UV\YVWPUPVU!
 ^LOH]LVI[HPULKHSS[OLPUMVYTH[PVUHUKL_WSHUH[PVUZ
[OH[^LYLYLX\PYLKMVY[OLH\KP[HUKHZMHYHZHWWLHYZ
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ILLURLW[I`[OL*VTWHU`
 [OLUHUJPHSZ[H[LTLU[ZVM[OL*VTWHU`NP]LH[Y\L
HUKMHPY]PL^VM[OLUHUJPHSWVZP[PVUHZH[4HYJO
HUKVMP[ZUHUJPHSWLYMVYTHUJLHUKJHZOV^Z
MVY[OL`LHY[OLULUKLKPUHJJVYKHUJL^P[O:YP3HURH
(JJV\U[PUN:[HUKHYKZHUK
 [OLUHUJPHSZ[H[LTLU[ZVM[OL*VTWHU`HUK[OL
.YV\WJVTWS`^P[O[OLYLX\PYLTLU[ZVM:LJ[PVU
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0U[YVK\J[VY`0UMVYTH[PVU  *YLH[PUN=HS\LMVY:[HRLOVSKLYZ  4HUHNLTLU[+PZJ\ZZPVU
(UHS`ZPZ  *HWP[HS9LWVY[Z  .V]LYUHUJL  -PUHUJPHS9LWVY[Z

:[H[LTLU[VM7YV[VY3VZZ

Notes Group Company

@LHYLUKLK4HYJO 2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000

Revenue      

3LZZ5);        

Net Revenue       

*VZ[VM:HSLZ       

*URVV3URW    

6[OLY0UJVTL,_WLUZLZHUK.HPUZ     

:LSSPUNHUK+PZ[YPI\[PVU*VZ[     

(KTPUPZ[YH[P]L,_WLUZLZ    

2SHUDWLQJ3URW     

-PUHUJL*VZ[       

-PUHUJL0UJVTL       

3URW%HIRUH7D[     

0UJVTL;H_,_WLUZLZ      

3URWIRUWKH<HDU       

7YV[([[YPI\[HISL[V:OHYLOVSKLYZ       

      

+PS\[LKHUK)HZPJ,HYUPUNZWLY:OHYL      

+P]PKLUK7LY:OHYL   

5V[LZMYVTWHNLZ[V MVYTHUPU[LNYHSWHY[VM[OLZL-PUHUJPHS:[H[LTLU[Z-PN\YLZPUIYHJRL[ZPUKPJH[LKLK\J[PVUZ

 S (3<4,?73*(UU\HS9LWVY[
:[H[LTLU[VM*VTWYLOLUZP]L0UJVTL

Notes Group Company

@LHYLUKLK4HYJO 2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000

3URWIRUWKH<HDU        

Other Comprehensive Income

6[OLYJVTWYLOLUZP]LPUJVTLUV[[VILYLJSHZZPLK[VWYV[
VYSVZZPUZ\IZLX\LU[WLYPVKZ

(J[\HYPHSNHPUZ3VZZLZVUKLULKILUL[WSHUZ       

0UJVTL[H_LMMLJ[VUHJ[\HYPHSNHPUZHUK3VZZLZ    

   

9L]HS\H[PVUVM3HUK     

;V[HSV[OLYJVTWYLOLUZP]LPUJVTLMVY[OL`LHYUL[VM[H_      

Total Comprehensive Income for the Year, Net of Tax       

Total Comprehensive Income Attributable to Shareholders       

5V[LZMYVTWHNLZ[V MVYTHUPU[LNYHSWHY[VM[OLZL-PUHUJPHS:[H[LTLU[Z-PN\YLZPUIYHJRL[ZPUKPJH[LKLK\J[PVUZ

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0U[YVK\J[VY`0UMVYTH[PVU  *YLH[PUN=HS\LMVY:[HRLOVSKLYZ  4HUHNLTLU[+PZJ\ZZPVU (UHS`ZPZ  *HWP[HS9LWVY[Z  .V]LYUHUJL  -PUHUJPHS9LWVY[Z

:[H[LTLU[VM-PUHUJPHS7VZP[PVU

Group Company
@LHYLUKLK4HYJO Notes 2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
Assets
Non-current Assets
7YVWLY[`7SHU[HUK,X\PWTLU[         
0U[HUNPISL(ZZL[Z       
0U]LZ[TLU[ZPU:\IZPKPHYPLZ     
      
Current Assets
0U]LU[VYPLZ          
;YHKLHUK6[OLY9LJLP]HISLZ      
(K]HUJLZHUK7YLWH`TLU[Z      
6[OLY*\YYLU[-PUHUJPHS(ZZL[Z     
*HZOHUK*HZO,X\P]HSLU[Z     
     
Total Assets     

Equity and Liabilities

:[H[LK*HWP[HS     
9LZLY]LZ     
9L[HPULK,HYUPUNZ    
;V[HS,X\P[`        

Non-Current Liabilities
0U[LYLZ[)LHYPUN3VHUZHUK)VYYV^PUNZ     
9L[PYLTLU[)LUL[3PHIPSP[`      
+LMLYYLK;H_3PHIPSP[PLZ        
     
Current Liabilities
;YHKLHUK6[OLY7H`HISLZ        
0U[LYLZ[)LHYPUN3VHUZHUK)VYYV^PUNZ     
6[OLYJ\YYLU[UHUJPHSSPHIPSP[PLZ     
7YV]PZPVUZ      
0UJVTL;H_3PHIPSP[PLZ    
       
;V[HS,X\P[`HUK3PHIPSP[PLZ     
0[PZJLY[PLK[OH[[OL-PUHUJPHS:[H[LTLU[ZOH]LILLUWYLWHYLKPUJVTWSPHUJL^P[O[OLYLX\PYLTLU[ZVM[OL*VTWHUPLZ(J[5VVM

R.P.P.K. RaQapaksha
*OPLM-PUHUJPHS6MJLY

;OL+PYLJ[VYZHYLYLZWVUZPISLMVY[OLWYLWHYH[PVUHUKWYLZLU[H[PVUVM[OLZL-PUHUJPHS:[H[LTLU[Z:PNULKMVYHUKVUILOHSMVM[OL)VHYK

      
A.M. Pandithage R.P. Peris
*OHPYTHU 4HUHNPUN+PYLJ[VY
5V[LZMYVTWHNLZ[V MVYTHUPU[LNYHSWHY[VM[OLZL-PUHUJPHS:[H[LTLU[Z-PN\YLZPUIYHJRL[ZPUKPJH[LKLK\J[PVUZ
4H`
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:[H[LTLU[VM*OHUNLZPU,X\P[`.YV\W

Attributable to Equity Holders of the Parent

@LHYLUKLK4HYJO Notes Stated Revaluation Capital Retained Total Total
Capital Reserve Reserve Earnings Equity
Rs. 000 Rs. 000 Rs. 000 Rs. 000 Rs. 000 Rs. 000
Balance as at 01 of April 2015        
:\WLY.HPU;H_          
(KQ\Z[LKIHSHUJLHZH[VM(WYPS          
7YV[MVY[OL@LHY         
+LWYLJPH[PVU;YHUZMLYMVY)\PSKPUN      
6[OLY*VTWYLOLUZP]L0UJVTL      
Total Comprehensive Income           
+P]PKLUKZ[V,X\P[`/VSKLYZ         
Balance as at 01 April 2016        
7YV[MVY[OL@LHY         
9L]HS\H[PVUVM3HUK       
+LWYLJPH[PVU;YHUZMLYMVY)\PSKPUN       
6[OLY*VTWYLOLUZP]L0UJVTL      
Total Comprehensive Income          
+P]PKLUKZ[V,X\P[`/VSKLYZ            
Balance as at 31 March 2017        

5V[LZMYVTWHNLZ[V MVYTHUPU[LNYHSWHY[VM[OLZL-PUHUJPHS:[H[LTLU[Z-PN\YLZPUIYHJRL[ZPUKPJH[LKLK\J[PVUZ

 S 
0U[YVK\J[VY`0UMVYTH[PVU  *YLH[PUN=HS\LMVY:[HRLOVSKLYZ  4HUHNLTLU[+PZJ\ZZPVU (UHS`ZPZ  *HWP[HS9LWVY[Z  .V]LYUHUJL  -PUHUJPHS9LWVY[Z

:[H[LTLU[VM*OHUNLZPU,X\P[`*VTWHU`

Stated Revaluation Capital Retained Total

@LHYLUKLK4HYJO Notes Capital Reserve Reserve Earnings
Rs. 000 Rs. 000 Rs. 000 Rs. 000 Rs. 000
Balance as at 01 April 2015      
:\WLYNHPU[H_       
(KQ\Z[LKIHSHUJLHZH[(WYPS        
7YV[MVY[OL@LHY       
+LWYLJPH[PVU;YHUZMLYMVY)\PSKPUN     
6[OLY*VTWYLOLUZP]L0UJVTL     
Total Comprehensive Income     
+P]PKLUKZ[V,X\P[`/VSKLYZ-PUHS     
+P]PKLUKZ[V,X\P[`/VSKLYZ0U[LYPT     
Balance as at 01 April 2016      
(THSNHTH[PVU9LZLY]L(S\TL_:`Z[LT7][3[K     
+LWYLJPH[PVU;YHUZMLYMVY)\PSKPUN      
7YV[MVY[OL@LHY       
9L]HS\H[PVUVM3HUK      
6[OLY*VTWYLOLUZP]L0UJVTL     
Total Comprehensive Income      
+P]PKLUKZ[V,X\P[`/VSKLYZ-PUHS     
+P]PKLUKZ[V,X\P[`/VSKLYZ0U[LYPT       
Balance as at 31 March 2017      

;OLHKQ\Z[TLU[HYVZLHZHYLZ\S[VM[OLHTHSNHTH[PVU^P[O(S\TL_:`Z[LTZ7YP]H[L3PTP[LKVU4HYJO

5V[LZMYVTWHNLZ[V MVYTHUPU[LNYHSWHY[VM[OLZL-PUHUJPHS:[H[LTLU[Z-PN\YLZPUIYHJRL[ZPUKPJH[LKLK\J[PVUZ

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:[H[LTLU[VM*HZO-SV^Z

Notes Group Company

2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
Cash Flows from Operating Activities
7YV[)LMVYL;H_H[PVU    

(KQ\Z[TLU[ZMVY
-PUHUJL*VZ[      
-PUHUJL0UJVTL      
7YV]PZPVUMVY.YH[\P[`      
7YV[3VZZVU+PZWVZHSVM7YVWLY[`7SHU[HUK,X\PWTLU[     
7YV]PZPVUMVY)HK+LI[Z     
7YV]PZPVUMVY0TWHPYTLU[VM0U]LZ[TLU[    
+LWYLJPH[PVUHUK(TVY[PaH[PVU         
6WLYH[PUN7YV[)LMVYL>VYRPUN*HWP[HS*OHUNLZ         

0UJYLHZL+LJYLHZLPU0U]LU[VYPLZ       

0UJYLHZL+LJYLHZLPU;YHKLHUK6[OLY9LJLP]HISLZ      
0UJYLHZL+LJYLHZLPU(K]HUJLZHUK7YLWH`TLU[Z      
0UJYLHZL+LJYLHZLPU;YHKLHUK6[OLY7H`HISLZ       
*HZO.LULYH[LKMYVT6WLYH[PUN(J[P]P[PLZ     

-PUHUJL*VZ[7HPK      

0UJVTL;H_7HPK       
9L[PYLTLU[)LUL[3PHIPSP[`7HPK     
5L[*HZO-YVT6WLYH[PUN(J[P]P[PLZ      

Cash Flows from Investing Activities

(JX\PZP[PVUVM7YVWLY[`7SHU[HUK,X\PWTLU[      
7YVJLLKZMYVT:HSLVM7YVWLY[`7SHU[HUK,X\PWTLU[    
7YVJLLKZMYVT:OVY[;LYT0U]LZ[TLU[Z     
-PUHUJL0UJVTL9LJLP]LK     
5L[*HZO-SV^Z<ZLK0U0U]LZ[PUN(J[P]P[PLZ     

Cash Flows from Financing Activities

9LWH`TLU[VM0U[LYLZ[)LHYPUN3VHUZHUK)VYYV^PUNZ     
7YVJLLKZMYVT0U[LYLZ[)LHYPUN3VHUZHUK)VYYV^PUNZ      
7YPUJPWHS7H`TLU[Z<UKLY-PUHUJL3LHZL3PHIPSP[PLZ    
+P]PKLUK7HPK         
5L[*HZO-SV^ZMYVT<ZLKPU-PUHUJPUN(J[P]P[PLZ        

Net Increase in Cash and Cash Equivalents     

Cash and cash equivalents of Alumex Systems (Private)     

Limited as at 31 March 2017
Cash and Cash Equivalents at the Beginning of the Year      
Cash and Cash Equivalents at end of the Year      

5V[LZMYVTWHNLZ[V MVYTHUPU[LNYHSWHY[VM[OLZL-PUHUJPHS:[H[LTLU[Z-PN\YLZPUIYHJRL[ZPUKPJH[LKLK\J[PVUZ

 S 
0U[YVK\J[VY`0UMVYTH[PVU  *YLH[PUN=HS\LMVY:[HRLOVSKLYZ  4HUHNLTLU[+PZJ\ZZPVU (UHS`ZPZ  *HWP[HS9LWVY[Z  .V]LYUHUJL  -PUHUJPHS9LWVY[Z

5V[LZ[V[OL-PUHUJPHS:[H[LTLU[Z

 *VYWVYH[LPUMVYTH[PVU 1.5 Date of Authorization for Issue

1.1 General
(S\TL_73*PZHW\ISPJSPTP[LKSPHIPSP[`*VTWHU`
PUJVYWVYH[LKHUKKVTPJPSLKPU:YP3HURH;OL6YKPUHY`
:OHYLZVM[OL*VTWHU`HYLSPZ[LKVU[OL*VSVTIV:[VJR
,_JOHUNLVM:YP3HURHVU4HYJO
1.6
;OLYLNPZ[LYLKVMJLVM[OL*VTWHU`HUK[OLWYPUJPWHS
WSHJLVMI\ZPULZZHYLZP[\H[LKH[:HW\NHZRHUKH4HRVSH
;OL*VUZVSPKH[LK-PUHUJPHS:[H[LTLU[ZVM[OL.YV\WMVY
[OL`LHYLUKLK4HYJO^LYLH\[OVYPaLKMVYPZZ\L
PUHJJVYKHUJL^P[OHYLZVS\[PVUVM[OL)VHYKVM+PYLJ[VYZ
VU4H`
Responsibility for Financial Statements
;OLYLZWVUZPIPSP[`VM[OL+PYLJ[VYZPUYLSH[PVU[V[OL
-PUHUJPHS:[H[LTLU[ZPZZL[V\[PU[OL:[H[LTLU[VM
+PYLJ[VYZ9LZWVUZPIPSP[`9LWVY[PU[OL(UU\HS9LWVY[

1.2 Consolidated Financial Statements

;OL*VUZVSPKH[LK-PUHUJPHS:[H[LTLU[ZVM(S\TL_73*  )HZPZVMWYLWHYH[PVU
HZH[HUKMVY[OL`LHYLUKLK4HYJOLUJVTWHZZ
2.1 Statement of Compliance
[OL*VTWHU`HUKP[ZZ\IZPKPHYPLZ[VNL[OLYYLMLYYLK[V
HZ[OL.YV\W(SSZ\IZPKPHYPLZPU[OL.YV\WHYLSPTP[LK ;OL*VUZVSPKH[LK-PUHUJPHS:[H[LTLU[ZOH]LILLU
SPHIPSP[`*VTWHUPLZUHTLS`(SJV0UK\Z[YPLZ7][3[K(]YV WYLWHYLKPUHJJVYKHUJL^P[O[OL:YP3HURH(JJV\U[PUN
,U[LYWYPZLZ7][3[KHUK(S\TL_:`Z[LTZ7][3[KHUK HUK(\KP[PUN:[HUKHYKZ(J[5VVM ^OPJO
PUJVYWVYH[LKHUKKVTPJPSLKPU:YP3HURH YLX\PYLZJVTWSPHUJL^P[O:YP3HURH(JJV\U[PUN:[HUKHYKZ
WYVT\SNH[LKI`[OL0UZ[P[\[LVM*OHY[LYLK(JJV\U[HU[ZVM
:YP3HURH*(:YP3HURHHUK^P[O[OLYLX\PYLTLU[ZVM[OL
1.3 Principal Activities and Nature of Operations of the *VTWHUPLZ(J[5VVM
Company and the Group
+\YPUN[OLUHUJPHS`LHYWYPUJPWHSHJ[P]P[PLZVM[OL
2.2 Basis of Measurement
*VTWHU`PZTHU\MHJ[\YPUNHUKZLSSPUNKPLZHUKHS\TPU\T
L_[Y\ZPVUZ7YPUJPWHSHJ[P]P[PLZVM[OLZ\IZPKPHYPLZHYL" ;OL*VUZVSPKH[LK-PUHUJPHS:[H[LTLU[ZOH]LILLU
WYLWHYLKVU[OLOPZ[VYPJHSJVZ[IHZPZL_JLW[MVY[OL
(SJV0UK\Z[YPLZ 4HU\MHJ[\YPUNHUKZLSSPUNHS\TPUP\T MVSSV^PUNTH[LYPHSP[LTZPU[OL:[H[LTLU[VM-PUHUJPHS
7][3[K JVTWVULU[ZHUK0UK\Z[YPHS[VVSZ 7VZP[PVU
(]YV,U[LYWYPZLZ )\`PUNHUKZLSSPUNHS\TPUP\T
 3HUKZHYLTLHZ\YLKH[JVZ[H[[OL[PTLVM[OL
7][3[K JVTWVULU[ZHUKHJJLZZVYPLZ HJX\PZP[PVUHUKZ\IZLX\LU[S`SHUKZHYLJHYYPLKH[MHPY
;OLJVTWHU`HTHSNHTH[LK^P[O ]HS\L
(S\TL_73*^P[OLMMLJ[MYVT[O
 -PUHUJPHSPUZ[Y\TLU[ZYLLJ[LKHZMHPY]HS\L[OYV\NO
(WYPS
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(S\TL_:`Z[LTZ 4HU\MHJ[\YLHUKZHSLVML_[Y\KLK
;OLZLUHUJPHSZ[H[LTLU[ZOH]LILLUWYLWHYLKL_JLW[
7][3[K (S\TPUP\TWYVSLZHUKYLSH[LK
MVYJHZOV^PUMVYTH[PVU\ZPUN[OLHUU\HSHJJY\LKIHZPZ
7YVK\J[Z\ZPUNHK]HUJL[LJOUVSVN`
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4HYJO [OLZ\JJLLKPUNUV[LZ

;OLYL^LYLUVZPNUPJHU[JOHUNLZPU[OLUH[\YLVM 5VHKQ\Z[TLU[ZOH]LILLUTHKLMVYPUH[PVUHY`MHJ[VYZPU
WYPUJPWHSHJ[P]P[PLZVM[OL*VTWHU`HUK[OL.YV\WK\YPUN [OL*VUZVSPKH[LK-PUHUJPHS:[H[LTLU[Z
[OLUHUJPHS`LHY\UKLYYL]PL^

2.3 Functional and presentation currency

1.4 Immediate and Ultimate Parent Entity
0U[OLVWPUPVUVM[OL+PYLJ[VYZ[OL*VTWHU`ZPTTLKPH[L
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9\WLLZ^OPJOPZ[OL.YV\WZM\UJ[PVUHSJ\YYLUJ`
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2.4 Comparative Information *SVZPUNJHZOIHSHUJLHZH[4HYJOHTV\U[LK[V
;OLHJJV\U[PUNWVSPJPLZOH]LILLUJVUZPZ[LU[S`HWWSPLK 9Z TU^HZHKKLKHZHZLWHYH[LSPULP[LT[V[OL
I`[OL*VTWHU`HUKHYLJVUZPZ[LU[^P[O[OVZL\ZLKPU *VTWHU`JHZOV^Z[H[LTLU[HZH[4HYJO
[OLWYL]PV\Z`LHY7YL]PV\Z`LHYZN\YLZHUKWOYHZLZ
OH]LILLUYLHYYHUNLK^OLYL]LYULJLZZHY`[VJVUMVYT[V
J\YYLU[`LHYWYLZLU[H[PVU  :PNUPJHU[HJJV\U[PUNWVSPJPLZ
;OLHJJV\U[PUNWVSPJPLZZL[V\[ILSV^OH]LILLUHWWSPLK
JVUZPZ[LU[S`[VHSSWLYPVKZWYLZLU[LKPU[OL*VUZVSPKH[LK
2.5 Materiality and Aggregation
-PUHUJPHS:[H[LTLU[Z
,HJOTH[LYPHSJSHZZVMZPTPSHYP[LTZPZWYLZLU[LK
ZLWHYH[LS`PU[OL*VUZVSPKH[LK-PUHUJPHS:[H[LTLU[Z ;OL+PYLJ[VYZOH]LTHKLHUHZZLZZTLU[VM[OL.YV\WZ
0[LTZVMHKPZZPTPSHYUH[\YLVYM\UJ[PVUHYLWYLZLU[LK HIPSP[`[VJVU[PU\LHZHNVPUNJVUJLYUPU[OLMVYLZLLHISL
ZLWHYH[LS`\USLZZ[OL`HYLPTTH[LYPHS M\[\YLHUK[OL`KVUV[MVYLZLLHULLKMVYSPX\PKH[PVUVY
JLZZH[PVUVM[YHKPUN
2.6 Amalgamations During the Year
(ZH[(WYPS(]YV,U[LYWYPZLZ7][3[K 3.1 Basis of Consolidation
HTHSNHTH[LK^P[O(S\TL_73*
Subsidiaries
;OLIHSHUJLZ^LYLHTHSNHTH[LKI`HKKPUNSPULI`SPUL :\IZPKPHYPLZHYL[OVZLLU[P[PLZJVU[YVSSLKI`[OL.YV\W
P[LT[V[OLUHUJPHSZ[H[LTLU[ZVM(S\TL_73* *VU[YVSHJOPL]LK^OLU[OL.YV\WPZL_WVZLKVYYPNO[Z[V
]HYPHISLYL[\YUZMYVTP[ZPU]VS]LTLU[^P[O[OLPU]LZ[LLHUK
Amalgamated balances as at 20 April 2016 Rs. 000 ^OLUP[OHZ[OLHIPSP[`[VHMMLJ[[OVZLYL[\YUZ[OYV\NOP[Z
;YHKLHUK6[OLY9LJLP]HISLZ   WV^LYV]LY[OLPU]LZ[LL:WLJPJHSS`[OL.YV\WJVU[YVSZ
0UJVTL;H_9LJLP]HISLZ  HUPU]LZ[LLPMHUKVUS`PM[OL.YV\WOHZ!
+LMLYYLK;H_(ZZL[Z   7V^LYV]LY[OLPU]LZ[LLPL"L_PZ[PUNYPNO[Z[OH[NP]L
*HZOHUK*HZO,X\P]HSLU[Z  P[[OLJ\YYLU[HIPSP[`[VKPYLJ[[OLYLSL]HU[HJ[P]P[PLZVM
[OLPU]LZ[LL

(JJ\T\SH[LKWYV[Z   ,_WVZ\YLVYYPNO[Z[V]HYPHISLYL[\YUZMYVTP[Z
;YHKLHUK6[OLY7H`HISLZ  PU]VS]LTLU[^P[O[OLPU]LZ[LL

(ZH[4HYJO(S\TL_:`Z[LTZ7][3[K
HTHSNHTH[LK^P[O(S\TL_73*
;OLIHSHUJLZ^LYLHTHSNHTH[LKI`HKKPUNSPULI`SPUL
P[LT[V[OLUHUJPHSZ[H[LTLU[ZVM(S\TL_73*
Amalgamated balances as at 31 March 2017
7YVWLY[`7SHU[HUK,X\PWTLU[
;YHKLHUK6[OLY9LJLP]HISLZ
*HZOHUK*HZO,X\P]HSLU[Z
(JJ\T\SH[LK3VZZ
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  ;OLHIPSP[`[V\ZLP[ZWV^LYV]LY[OLPU]LZ[LL[VHMMLJ[
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Financial Assets
Initial Recognition
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2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
Company
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2017 2016
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2017 2016
Rs.000 Rs.000
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Statement of Financial Position Income statement
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
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Rs.000 Rs.000
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Reconciliation of Deferred Tax Liabilities

2017 2016
Rs.000 Rs.000
)HSHUJLHZH[(WYPS    
;H_0UJVTL,_WLUZL9LJVNUPaLKPU7YV[ 3VZZ  
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Super Gain Tax

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(WYPS;OL(J[Z\WLYZLKLZ[OLYLX\PYLTLU[ZVM[OL:YP3HURH(JJV\U[PUN:[HUKHYKZOLUJL[OLL_WLUZLVMZ\WLYNHPU[H_
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 5V[LZ[V;OL-PUHUJPHS:[H[LTLU[Z
10.1 Basic Earning per Share
)HZPJ,HYUPUNZ7LY:OHYLPZJHSJ\SH[LKI`KP]PKPUN[OLWYV[MVY[OL`LHYH[[YPI\[HISL[VVYKPUHY`ZOHYLOVSKLYZI`[OL^LPNO[LK
H]LYHNLU\TILYVMVYKPUHY`ZOHYLZV\[Z[HUKPUNK\YPUN[OL`LHY

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[OH[OH]LJOHUNLK[OLU\TILYVMVYKPUHY`ZOHYLZV\[Z[HUKPUN^P[OV\[HJVYYLZWVUKPUNJOHUNLPU[OLYLZV\YJLZZ\JOHZHU
0UP[PHS7\ISPJ6MMLYPUNVMZOHYLZ

Diluted Earning per share

;OLJHSJ\SH[PVUVMKPS\[LKLHYUPUNWLYZOHYLPZIHZLKVU[OLWYV[H[[YPI\[HISL[VVYKPUHY`ZOHYLOVSKLYZHUK[OL^LPNO[LK
H]LYHNLU\TILYVMVYKPUHY`ZOHYLZV\[Z[HUKPUNHM[LYHKQ\Z[TLU[MVY[OLLMMLJ[VMHSSKPS\[LKVYKPUHY`ZOHYLZ

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 7KHIROORZLQJUHHFWVWKHLQFRPHDQGVKDUHGDWDXVHGLQWKH%DVLF 'LOXWHG(DUQLQJV3HU6KDUHFRPSXWDWLRQ
Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
Amounts Used as Numerator:
5L[7YV[([[YPI\[HISL[V[OL,X\P[`/VSKLYZVM[OL        
*VTWHU`

Numbers of Ordinary Shares Used as Denominator:

2017 2016 2017 2016
Number Number Number Number
>LPNO[LK(]LYHNL5\TILYVM6YKPUHY`:OHYLZPU0ZZ\L        
Basic & Diluted Earning per Share      

 +P]PKLUKZ7HPKHUK7YVWVZLK
Company
2017 2016
Rs.000 Rs.000
+LJSHYLKHUKWHPKK\YPUN[OL`LHY!
+P]PKLUKZVU6YKPUHY`:OHYLZ!
-PUHS+P]PKLUKMVY9ZWLY:OHYL  
-PUHS+P]PKLUKMVY9ZWLY:OHYL
0U[LYPT+P]PKLUKMVY9ZWLY:OHYL   
0U[LYPT+P]PKLUKMVY9ZWLY:OHYL
    
5\TILYVM:OHYLZ    
+P]PKLUKWLY:OHYL  

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KPZ[YPI\[PVU[VV^ULYZ

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5V[LZ[V[OL-PUHUJPHS:[H[LTLU[Z

 7YVWLY[`7SHU[HUK,X\PWTLU[
12.1 Group
Construction Plant and Motor 2IFH Furniture Tools and
Land Building In Progress Machinery Vehicles Equipment and Fittings Equipment Total
Rs. 000 Rs. 000 Rs. 000 Rs. 000 Rs. 000 Rs. 000 Rs. 000 Rs. 000 Rs. 000
Cost or Valuation
([(WYPS           
(KKP[PVUZ          
9L]HS\H[PVU         
+PZWVZHSZ           
;YHUZMLY           
([4HYJO           

Depreciation and
Impairment
([(WYPS           
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+PZWVZHSZ         
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Net Book Value
([4HYJO               
([4HYJO             

12.2 Company
Construction Plant and Motor 2IFH Furniture Tools and
Land Building In Progress Machinery Vehicles Equipment and Fittings Equipment Total
Rs. 000 Rs. 000 Rs. 000 Rs. 000 Rs. 000 Rs. 000 Rs. 000 Rs. 000 Rs. 000
Cost or Valuation
([(WYPS              
(KKP[PVUZ         
9L]HS\H[PVU:\YWS\Z         
+PZWVZHSZ           
;YHUZMLY          
([4HYJO               

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([(WYPS           
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Net Book Value

([4HYJO              
([4HYJO               

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*VTWHU`YLZWLJ[P]LS`

12.4 Revaluation of Land & Building

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[OL]HS\LHYLIHZLKVUTHYRL[IHZLKL]PKLUJLZPNUPJHU[S`HKQ\Z[LKMVYKPMMLYLUJLPU[OLUH[\YLSVJH[PVUVYJVUKP[PVUVM[OL
ZWLJPJWYVWLY[`

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2HS\NHSNLKHYHHUPUKLWLUKLU[JOHY[LYLK]HS\LY^OVOHZ]HS\H[PVUL_WLYPLUJLMVYZPTPSHYSHUKZZPUJL  ;OLMHPY]HS\L
VM-YLLOVSK)\PSKPUNZ^LYLKL[LYTPULKI`TLHUZVMHYL]HS\H[PVUK\YPUN[OL`LHYI`4LZZYZ:.:3HURH7][3[KHU
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Z[H[LTLU[ZMYVTP[ZLMMLJ[P]LKH[L^OPJO^HZ4HYJO;OLZ\YWS\ZHYPZPUNMYVT[OLYL]HS\H[PVUUL[VMKLMLYYLK[H_LZ^HZ
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I\PSKPUN^HZUV[TLHZ\YLK[OLYLHM[LY

;OLJHYY`PUNHTV\U[VMYL]HS\LKHZZL[Z[OH[^V\SKOH]LILLUPUJS\KLKPU[OLUHUJPHSZ[H[LTLU[ZOHK[OLHZZL[ZILLUJHYYPLK
H[JVZ[SLZZKLWYLJPH[PVUPZHZMVSSV^Z!

*SHZZVM(ZZL[ Cost Cumulative Net Carrying Net Carrying

Depreciation Amount Amount
if Assets were 2017 2016
Carried at Cost
Rs. 000 Rs. 000 Rs. 000 Rs. 000
Group
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Company
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12.4 Revaluation of Land & Building (Contd.)

Fair Value of Land

-HPY=HS\LTLHZ\YLTLU[KPZJSVZ\YLMVYYL]HS\LKSHUKIHZLKVU\UVIZLY]HISLPUW\[ZHYLHZMVSSV^Z

Date of Valuation Fair Value measurement using

6LJQLFDQWXQREVHUYDEOHLQSXWV
(Level 3)
Group Company
Rs.000 Rs.000
9L]HS\LK7YVWLY[`7SHU[HUK,X\PWTLU[
3HUK4HRVSH 4HYJO   
3HUK.VUH^HSH 4HYJO  
 

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7YPJLWLYWLYJO 9Z
3HUK4HRVSH 
3HUK.VUH^HSH 

:PNUPJHU[PUJYLHZLZKLJYLHZLZPULZ[PTH[LKWYPJLWLYWLYJOPUPZVSH[PVU^V\SKYLZ\S[PUHZPNUPJHU[S`OPNOLYSV^LYMHPY
]HS\L   

12.5 Value of Real Estate

6^ULYZOPW Location Rs. 000
Extent No of Buildings Market Value
(Acres) buildings in Sq.ft of Land
each location
(S\TL_73* 4HRVSH    
(S\TL_73* .VUH^HSH    
(S\TL_73* ,RHSH    
(SJV0UK\Z[YPLZ7][3[K 4HRVSH    

12.6 Depreciation Transfer for Building

(UHUU\HS[YHUZMLYMYVT[OLHZZL[YL]HS\H[PVUYLZLY]L[VYL[HPULKLHYUPUNZPZTHKLMVY[OLKPMMLYLUJLIL[^LLUKLWYLJPH[PVU
IHZLKVU[OLYL]HS\LKJHYY`PUNHTV\U[VM[OLHZZL[HUKKLWYLJPH[PVUIHZLKVU[OLHZZL[ZVYPNPUHSJVZ[(KKP[PVUHSS`
HJJ\T\SH[LKKLWYLJPH[PVUHZH[[OLYL]HS\H[PVUKH[LPZLSPTPUH[LKHNHPUZ[[OLNYVZZJHYY`PUNHTV\U[VM[OLHZZL[HUK[OLUL[
HTV\U[PZYLZ[H[LK[V[OLYL]HS\LKHTV\U[VM[OLHZZL[<WVUKPZWVZHSHU`YL]HS\H[PVUYLZLY]LYLSH[PUN[V[OLWHY[PJ\SHYHZZL[
ILPUNZVSKPZ[YHUZMLYYLK[VYL[HPULKLHYUPUNZ

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Group / Company
Development Software Patents and Total
Cost Development licenses
Rs.000 Rs.000 Rs.000 Rs.000
At 1 April 2016     
(KKP[PVUZ      
([4HYJO     

Amortization
([(WYPS    
(TVY[PaH[PVU*OHYNLMVY[OL@LHY    
([4HYJO    

Net Book Value

([4HYJO      
([4HYJO      

13.1 0U[HUNPISLHZZL[JVUZPZ[VMWH[LU[HUKSPJLUJLVM,97ZVM[^HYL4PJYVZVM[5H]PZPVUW\YJOHZLKK\YPUN HUKHTVY[PaLI`

+LJLTILY

+L]LSVWTLU[JVZ[YLWYLZLU[[OLJVZ[PUJ\YYLK[VKL]LSVWHUK[LZ[[OYLLKVVYHUK^PUKV^Z`Z[LTZ

:VM[^HYLKL]LSVWTLU[JVZ[YLWYLZLU[[OLJVZ[PUJ\YYLKMVYPTWSLTLU[PUNUHUJLHUKTHU\MHJ[\YPUNTVK\SLZVM,97:VM[^HYL
4PJYVZVM[5H]PZPVU4HU\MHJ[\YPUNTVK\SLPTWSLTLU[H[PVUPZZ[PSSPUWYVNYLZZ

 0U]LZ[TLU[Z0U:\IZPKPHYPLZ
Holding % Company
2017 2016 2017 2016
Rs.000 Rs.000
(SJV0UK\Z[YPLZ7][3[K    
(]YV,U[LYWYPZLZ7][3[K5V[L(THSNHTH[LK^P[O    
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(S\TL_:`Z[LTZ7][3[K(THSNHTH[LK^P[O(S\TL_    
73*^P[OLMMLJ[MYVT4HYJO
 
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5V[LZ[V[OL-PUHUJPHS:[H[LTLU[Z

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14.1 Avro Enterprises (Pvt) Ltd.
Company
2017 2016
Rs.000 Rs.000
)HSHUJLHZH[(WYPS   
0TWHPYTLU[  
+PZWVZHSK\L[V(THSNHTH[PVU 
)HSHUJLHZH[4HYJO  

 -PUHUJPHSHZZL[ZHUKUHUJPHSSPHIPSP[PLZ
15.1 Financial Asset
Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
-P_LKKLWVZP[    
Total Financial Asset    
Total Current Asset    
Total Non Current Asset    

3VHUZHUKYLJLP]HISLZHYLUVUKLYP]H[P]LUHUJPHSHZZL[ZJHYYPLKH[HTVY[PaLKJVZ[^OPJONLULYH[LH_LKVY]HYPHISLPU[LYLZ[
PUJVTLMVY[OL.YV\W

15.2 Financial Liabilities

Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
Current Interest Bearing Loans and Borrowings
3VUN;LYT3VHUZ    
:OVY[;LYT3VHUZ    
)HUR6]LYKYHM[    
Total Current Interest Bearing Loans and Borrowings    
Non Current Interest Bearing Loans and Borrowings
3VHU;LYT3VHUZ    
Total Non Current Interest Bearing Loans and    
Borrowings

 S (3<4,?73*(UU\HS9LWVY[
15.2.3 Long-Term Borrowings
Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
As at 01 April    
5L^3VHUZ6I[HPULK    
9LWH`TLU[Z    
As at 31 March    
;YHUZMLY[V*\YYLU[3PHIPSP[`9LWH`HISL>P[OPU6UL@LHY    
9LWH`HISL(M[LY6UL@LHY    

15.2.4 Analysis of Long-Term Borrowings by year of Repayment

Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
3VUN;LYT3VHUZ9LWH`HISL)L[^LLUHUK@LHYZMYVT@LHYLUK    
3VUN;LYT3VHUZ9LWH`HISL)L[^LLUHUK@LHYZMYVT@LHYLUK    
3VUN;LYT3VHUZ9LWH`HISLSH[LY[OHU@LHYZMYVT@LHYLUK    
   

;LYTSVHU^HZVI[HPULKMYVT:[HUKHYK*OHY[LYLK)HURMVY[OLWLYPVKVM`LHYZH[H]HYPHISLYH[LVMPU[LYLZ[HUKUVZLJ\YP[PLZ
HYLWSLKNLKPUYLZWLJ[VMZ\JOSVHUZ

15.2.5 Short-Term Borrowings

Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
(ZH[(WYPS    
5L^3VHUZ6I[HPULK    
9LWH`TLU[Z    
As at 31 March    

15.2.6 Other Current Financial Liability

Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
-PUHUJPHSPUZ[Y\TLU[ZH[MHPY]HS\L[OYV\NOWYV[VYSVZZ    
-VYLPNUL_JOHUNLMVY^HYKJVU[YHJ[Z    
7RWDO2WKHUFXUUHQWQDQFLDOOLDELOLW\    

;OL.YV\WLU[LYZPU[VMVYLPNUL_JOHUNLMVY^HYKJVU[YHJ[Z^P[O[OLPU[LU[PVUVMYLK\JPUN[OLMVYLPNUL_JOHUNLYPZRVM
W\YJOHZLZ[OLZLJVU[YHJ[ZHYLTLHZ\YLKH[MHPY]HS\L[OYV\NOWYV[VYSVZZ

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5V[LZ[V[OL-PUHUJPHS:[H[LTLU[Z

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15.2.7 Fair Value of Financial Assets and Liabilities not Carried at Fair Value
:L[V\[ILSV^PZHJVTWHYPZVUI`JSHZZVM[OLJHYY`PUNHTV\U[ZHUKMHPY]HS\LZVM[OL*VTWHU`ZUHUJPHSPUZ[Y\TLU[Z[OH[
HYLUV[JHYYPLKH[MHPY]HS\LPU[OL-PUHUJPHS:[H[LTLU[Z;OPZ[HISLKVLZUV[PUJS\KL[OLMHPY]HS\LZVMUVUUHUJPHSHZZL[ZHUK
UVUUHUJPHSSPHIPSP[PLZ

Carrying Amount Fair value

2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
Group
-PUHUJPHS(ZZL[Z
;YHKLHUK6[OLY9LJLP]HISLZ      
-P_LK+LWVZP[Z    
Total      

-PUHUJPHS3PHIPSP[PLZ
;YHKLHUK6[OLY7H`HISLZ      
3VHUZHUK)VYYV^PUNZ*\YYLU[    
3VHUZHUK)VYYV^PUNZ5VU*\YYLU[    
-VYLPNUL_JOHUNLMVY^HYKJVU[YHJ[Z    
Total      

Carrying Amount Fair value

2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
Company
-PUHUJPHS(ZZL[Z
;YHKLHUK6[OLY9LJLP]HISLZ    
6[OLY0U]LZ[TLU[Z    
;V[HS      
-PUHUJPHS3PHIPSP[PLZ
;YHKLHUK6[OLY7H`HISLZ        
3VHUZHUK)VYYV^PUNZ*\YYLU[    
3VHUZHUK)VYYV^PUNZ5VU*\YYLU[    
-VYLPNUL_JOHUNLMVY^HYKJVU[YHJ[Z    
;V[HS    

;OLMVSSV^PUNKLZJYPILZ[OLTL[OVKVSVNPLZHUKHZZ\TW[PVUZ\ZLK[VKL[LYTPUL[OLMHPY]HS\LZMVY[OVZLUHUJPHSPUZ[Y\TLU[Z
^OPJOHYLUV[HSYLHK`YLJVYKLKH[MHPY]HS\LPU[OL-PUHUJPHS:[H[LTLU[Z

Assets for which Fair Value Approximates Carrying Value

-VYUHUJPHSHZZL[ZHUKUHUJPHSSPHIPSP[PLZ[OH[OH]LHZOVY[[LYTTH[\YP[`VYPNPUHSTH[\YP[PLZSLZZ[OHUH`LHYP[PZHZZ\TLK[OH[
[OLJHYY`PUNHTV\U[ZHWWYV_PTH[L[OLPYMHPY]HS\LZ

3VHUZHUKHK]HUJLZNYHU[LK[VJ\Z[VTLYZ^P[OH]HYPHISLYH[LHYLHSZVJVUZPKLYLK[VILJHYYPLKH[MHPY]HS\LPU[OLIVVRZ

 S (3<4,?73*(UU\HS9LWVY[
 0U]LU[VYPLZ
Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
9H^4H[LYPHS     
>VYR0U7YVNYLZZ     
-PUPZOLK.VVKZ       
6[OLY4H[LYPHSZ      
.VVKZ0U;YHUZP[      
        

;OLWYV]PZPVUYL]LYZHSVM[OLNYV\WMVYVIZVSL[LPU]LU[VY`^HZHTV\U[PUN9ZTU9ZTU^OPJO^HZ
YLJVNUPaLKPU*VZ[VM:HSLZ

 4V]LTLU[PU[OL7YV]PZPVUMVY6IZVSL[L0U]LU[VY`
Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
(ZH[(WYPS     
7YV]PZPVU4HKL+\YPUN[OL@LHY    
7YV]PZPVU9L]LYZLK+\YPUN[OL@LHY     
(ZH[4HYJO      

 ;YHKLHUK6[OLY9LJLP]HISLZ
Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
;YHKL9LJLP]HISLZ     
3LZZ!7YV]PZPVUMVY+V\I[M\S+LI[Z     
     
9LJLP]HISLZMYVT:\IZPKPHYPLZ5V[L   
(TV\U[Z+\LMYVT9LSH[LK7HY[PLZ5V[L     
6[OLY9LJLP]HISLZ    
    

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 ;YHKLHUK6[OLY9LJLP]HISLZ*VU[K
17.1 Amounts Due from Related Parties
Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
+PWWLK7YVK\J[Z73*    
3VNP]LU[\YLZ3[K    
/H`SL`Z0UK\Z[YPHS:VS\[PVU7][3[K    
(S\MHI73*     
    

17.2 Receivables from Subsidiaries

Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
(S\TL_:`Z[LTZ7][3[K    
   

;YHKLYLJLP]HISLZHYLUVUPU[LYLZ[ILHYPUNHUKHYLNLULYHSS`VU KH`Z[LYTZ

17.3 Movement in the Provision for Doubtful Debts.

Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
As at 1 April      
7YV]PZPVU4HKL+\YPUN[OL@LHY     
>YP[LVMM(NHPUZ[[OL7YV]PZPVU     
7YV]PZPVU9L]LYZLK+\YPUN[OL@LHY    
As at 31 March     

17.4 As at 31 March , the ageing analysis of trade receivables is as follows:

Neither Past Past Due but not Impaired Provision for Total (Net)
Due nor < 60 days 61-120 days 121-180 days > 180 days Total (Gross) Doubtful Debts
Impaired
Group
           
              

Company
          
           

:LL5V[LVUJYLKP[YPZRVM[YHKLYLJLP]HISLZ^OPJOL_WSHPUZOV^[OL.YV\WTHUHNLZHUKTLHZ\YLZJYLKP[X\HSP[`VM[YHKL
YLJLP]HISLZ[OH[HYLULP[OLYWHZ[K\LUVYPTWHPYLK

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 (K]HUJLZHUK7YLWH`TLU[Z
Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
(K]HUJLZ    
9LJLP]HISLZMYVT9LSH[LK7HY[PLZ5V[L    
7YLWH`TLU[Z      
    

18.1 Receivables from Related Parties

Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
/H`SL`Z0UK\Z[YPHS:VS\[PVU7][3[K    
   

  *HZOHUK:OVY[;LYT+LWVZP[Z
Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
*HZOH[)HURZHUKVU/HUK    
:OVY[;LYT+LWVZP[Z      
   

-VY[OLW\YWVZLVMZ[H[LTLU[VMJHZOV^ZJHZOHUKJHZOLX\P]HSLU[ZJVTWYPZL[OLMVSSV^PUNZ

Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
*HZOH[)HURZHUKVU/HUK    
:OVY[;LYT+LWVZP[Z      
)HUR6]LYKYHM[    
*HZOHUK*HZO,X\P]HSLU[ZMVY[OL7\YWVZLVM*HZO-SV^     
:[H[LTLU[

 :[H[LK*HWP[HS
Company
2017 2016 2017 2016
Number Rs.000 Number Rs.000
6YKPUHY`:OHYLZ      

(SSH\[OVYPaLKVYKPUHY`ZOHYLZHYLPZZ\LKHUKM\SS`WHPK

 S 
0U[YVK\J[VY`0UMVYTH[PVU  *YLH[PUN=HS\LMVY:[HRLOVSKLYZ  4HUHNLTLU[+PZJ\ZZPVU (UHS`ZPZ  *HWP[HS9LWVY[Z  .V]LYUHUJL  -PUHUJPHS9LWVY[Z

5V[LZ[V[OL-PUHUJPHS:[H[LTLU[Z

 9LZLY]LZ
Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
9L]HS\H[PVU9LZLY]L5V[L    
*HWP[HS9LZLY]L    
   

21.1 Revaluation Reserve

Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
As at 1 April     
9L]HS\H[PVU:\YWS\Z+\YPUN[OL@LHY    
,_JLZZ+LWYLJPH[PVU;YHUZMLYVU9L]HS\H[PVU:\YWS\Z    
As at 31 March    

21.2 Capital Reserve

*HWP[HSYLZLY]L^HZTHKL^P[OM\UKZ[YHUZMLYYLKMYVTYL[HPULKLHYUPUNZPUWYL]PV\Z`LHYZ^P[O[OLW\YJOHZLVMJHWP[HSUH[\YL
HZZL[Z

21.3 OCI items, Net of Tax

;OLKPZHNNYLNH[PVUVMJOHYNLZVM6*0I`LHJO[`WLVMYLZLY]LVULX\P[`PZZOV^UILSV^

Revaluation Retained Total

Reserve Earnings
Rs. 000 Rs. 000 Rs. 000
Group
As at 31 March 2017
9LTLHZ\YLTLU[VM+LULK)LUL[7SHU   
9L]HS\H[PVUVM3HUK   
   
As at 31 March 2016 
9LTLHZ\YLTLU[VM+LULK)LUL[7SHU   
  
Company
As at 31 March 2017
9LTLHZ\YLTLU[VM+LULKILUL[7SHU   
9L]HS\H[PVUVM3HUK  
   
As at 31 March 2016
9LTLHZ\YLTLU[VM+LULKILUL[7SHU   
  

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 7YV]PZPVUZ
Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
4HPU[LUHUJL>HYYHU[`
(ZH[(WYPS      
7YV]PZPVUZ+\YPUN[OL@LHY    
(ZH[4HYJO     

4HPU[LUHUJL^HYYHU[`WYV]PZPVUPZYLJVNUPaLKMVYL_WLJ[LK^HYYHU[`JSHPTZVU>VVK-PUPZOLKWYVK\J[ZZVSK

 9L[PYLTLU[)LUL[3PHIPSP[`
;OL.YV\WTLHZ\YLZ[OLWYLZLU[]HS\LVM+LULK)LUL[6ISPNH[PVU7=+)6^OPJOPZHKLULKILUL[WSHU^P[O[OLHK]PJLVM
HUHJ[\HY`\ZPUN7YVQLJ[<UP[*YLKP[4L[OVK
*OHUNLZPU[OLWYLZLU[]HS\LVM[OL9L[PYLTLU[)LUL[7SHUHZMVSSV^Z!

Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
As at 1 April       
0U[LYLZ[*VZ[     
*\YYLU[:LY]PJL*VZ[      
)LUL[7HPK     
(J[\HYPHS.HPU3VZZ      
+\L[V,TWSV`LL;YHUZMLYZ    
As at 31 March     

23.1 Expense Recognized during the year in Income Statement

Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
0U[LYLZ[*VZ[     
*\YYLU[:LY]PJL*VZ[      
     
(J[\HYPHSNHPUZSVZZLZYLJVNUPaLKPU6[OLY      
*VTWYLOLUZP]L0UJVTL

4LZZLYZ54.*VUZ\S[PUNJHYYPLKV\[HUHJ[\HYPHS]HS\H[PVUVM[OLKLULKILUL[WSHUNYH[\P[`VU4HYJO;OL
WYPUJPWHSUHUJPHSHZZ\TW[PVUZ\UKLYS`PUN[OL]HS\H[PVUHYLHZMVSSV^Z"

 7KHNH\DVVXPSWLRQVXVHGLQGHWHUPLQLQJWKHFRVWRIHPSOR\HHEHQHWVZHUH
+PZJV\U[YH[L 
9H[LVM:HSHY`0UJYLHZL 
9L[PYLTLU[(NL @LHYZHZZWLJPLKI`[OL*VTWHU`@LHYZ
:[HMM;\YUV]LY 
4VY[HSP[` )HZLKVU( 4VY[HSP[`;HISL0UZ[P[\[LVM(J[\HYPLZ3VUKVU

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0U[YVK\J[VY`0UMVYTH[PVU  *YLH[PUN=HS\LMVY:[HRLOVSKLYZ  4HUHNLTLU[+PZJ\ZZPVU (UHS`ZPZ  *HWP[HS9LWVY[Z  .V]LYUHUJL  -PUHUJPHS9LWVY[Z

5V[LZ[V[OL-PUHUJPHS:[H[LTLU[Z

 9L[PYLTLU[)LUL[3PHIPSP[`*VU[K
 0UVYKLY[VPSS\Z[YH[L[OLZPNUPJHUJLVM[OLZHSHY`LZJHSH[PVUYH[LZHUKKPZJV\U[YH[LZHZZ\TLKPU[OPZ]HS\H[PVUHZLUZP[P]P[`
HUHS`ZPZMVYHSSLTWSV`LLZHZZ\TPUN[OLHIV]LPZHZMVSSV^Z"

Group Company
Salary Discount PVODBO 1HW%HQHW Salary Discount PVODBO 1HW%HQHW
Increment Rate (Expense) Increment Rate (Expense)
Rate Rate
        
         
        
         

 (]LYHNLM\[\YL^VYRPUNSPML[PTLHZWLY[OLHZZ\TW[PVUZTHKLPZ`LHYZHZVM4HYJO

 0DWXULW\3UROHRIWKH'HQHG%HQHW2EOLJDWLRQDVDW0DUFK
'HQHG%HQHW2EOLJDWLRQ
Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
Expected Future Working Life
>P[OPU[OL5L_[;^LS]L4VU[OZ    
)L[^LLU6UL[V-P]L@LHYZ     
)L[^LLU-P]L[V;LU@LHYZ      
4VYL[OHU;LU@LHYZ      
    

 ;YHKLHUK6[OLY7H`HISLZ
Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
;YHKL7H`HISLZ      
7H`HISL[V:\IZPKPHYPLZ5V[L       
(TV\U[Z+\L[V9LSH[LK7HY[PLZ5V[L     
6[OLY7H`HISLZ       
(JJY\HSZHUK:\UKY`*YLKP[VYZ    
      

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24.1 Amounts Due to Related Parties
Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
/H`SL`Z73*     
*P]HYV3HURH7][3[K    
/H`SL`Z)\ZPULZZ:VS\[PVUZ0U[LYUH[PVUHS7][3[K    
3VNP^PaL3PTP[LK    
40;*HYNV7][3[K      
/H`SL`Z,SLJ[YVUPJ3PNO[PUN7][3[K    
/H`SL`Z0UK\Z[YPHS:VS\[PVUZ7][3[K    
/H`SL`Z;YH]LS ;V\YZ7][3[K    
/H`SL`Z*VUZ\TLY7YVK\J[Z3[K    
/H`SL`Z3LPZ\YL/VSKPUNZ7][3[K      
    

24.2 Payable to subsidiaries

Group Company
2017 2016 2017 2016
Rs.000 Rs.000 Rs.000 Rs.000
(]YV,U[LYWYPZLZ7][3[K     
(SJV0UK\Z[YPLZ7][3[K      
      

Group / Company
;LYTZHUKJVUKP[PVUZVM[OLHIV]LUHUJPHSSPHIPSP[PLZ!
 ;YHKLWH`HISLZHYLUVUPU[LYLZ[ILHYPUNHUKHYLUVYTHSS`ZL[[SLKVUKH`[LYTZ
 (JJY\LKL_WLUZLZHYLUVUPU[LYLZ[ILHYPUNHUKHYLUVYTHSS`ZL[[SLKVUKH`[LYTZ
6[OLYWH`HISLZHYLUVUPU[LYLZ[ILHYPUNHUKOLUJLVUH]LYHNL[LYTVMZP_TVU[OZ-VYL_WSHUH[PVUVMNYV\WJYLKP[YPZR
THUHNLTLU[WYVJLZZYLMLY[V5V[L5V

 S 
0U[YVK\J[VY`0UMVYTH[PVU  *YLH[PUN=HS\LMVY:[HRLOVSKLYZ  4HUHNLTLU[+PZJ\ZZPVU (UHS`ZPZ  *HWP[HS9LWVY[Z  .V]LYUHUJL  -PUHUJPHS9LWVY[Z

5V[LZ[V[OL-PUHUJPHS:[H[LTLU[Z

 *VTTP[TLU[ZHUK*VU[PUNLUJPLZ
25.1 Capital Expenditure Commitments
;OL .YV\W OHZMVSSV^PUNJHWP[HSJVTTP[TLU[ZHZH[4HYJO

Company Nature of transaction Capital Commitment

Rs.000
(S\TL_73* *VUZ[Y\J[PVUVM^HYLOV\ZLH[4HN\Y\^PSH 
(S\TL_73* 7\YJOHZLVM*5*4PSSPUN4HJOPUL  
(S\TL_73* 7\YJOHZLVM(\[VTH[PJ)YPKNL*YHUL 
(S\TL_73* 7\YJOHZLVM89JVU[HPULYMVY,_[Y\KLY 
(S\TL_73* 7\YJOHZLVMZ[HPUSLZZZ[LLSISV^LY 
(S\TL_73* 7\YJOHZLVM0UMYH9LK+PLV]LU  
(S\TL_73* -HIYPJH[PVU>VYRMVY3\TPU*VUJLW[Z*LU[YL1HMMUH 
(S\TL_73* 7\YJOHZLVM:JYL^[`WLHPYJVTWYLZZVY 
(S\TL_73* 0YVU9HJRZMVY>HYP`HWVSH>HYLOV\ZL 
(S\TL_73* 7\YJOHZLVM,SLJ[YPJJOHPUOVPZ[  
(S\TL_73* 7\YJOHZLVM:HTZ\UN*OHUUL:[HUHSVUL5=;:`Z[LT 
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(SJV0UK\Z[YPLZ7][3[K <WNYHKPUN7V^LY+PZ[YPI\[PVU  


25.2 Litigation, Disputes and Contingent Liabilities

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J\YYLU[UHUJPHSWVZP[PVUVMM\[\YLVWLYH[PVUZVYWYV[ZVM[OL*VTWHU`;OL*VTWHU`^HZUV[PU]VS]LKPUHU`SLNHSHYIP[YH[PVU
VYTLKPH[PVUWYVJLLKPUNZPU[OLYLJLU[WHZ[^OPJOOHKHU`ZPNUPJHU[LMMLJ[ZVU[OLJVTWHU`ZUHUJPHSWVZP[PVUVYWYV[HIPSP[`
(ZH[4HYJO[OLYLHYLUVWLUHS[PLZPTWVZLKI`HU`YLN\SH[VY`VYZ[H[LH\[OVYP[`HNHPUZ[[OL*VTWHU`
;OLJVU[PUNLU[SPHIPSP[PLZHZH[4HYJOVUN\HYHU[LLZNP]LUI`NYV\W[V[OPYKWHY[PLZHTV\U[LK[V9ZTU
9ZTU
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JVU[YPI\[PVUZTHKL[V[OL*LU[YHS)HURVM:YP3HURH`LHYZILMVYLMVYH]HS\LVM9ZTUHUKP[ZZ[PSSILPUNKPZJ\ZZLK^P[O
+LWHY[TLU[VM3HIV\YHUK[OL*LU[YHS)HURVM:YP3HURH
;OLYLHYLUVTH[LYPHSJVU[PUNLU[SPHIPSP[PLZL_JLW[[OLHIV]LTLU[PVULKP[LTZ[OH[^V\SKHMMLJ[J\YYLU[HUKM\[\YLWYV[ZVM
[OL*VTWHU`HZH[4HYJO

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 ,]LU[Z6JJ\YYPUNHM[LY;OL9LWVY[PUN+H[L
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:[H[LTLU[Z

 9LSH[LK7HY[`+PZJSVZ\YLZ
27.1 Transactions with the key management personnel
(A) Loans to Directors
5VSVHUZOH]LILLUNP]LU[V[OL+PYLJ[VYZVM[OL*VTWHU`.YV\W

(B) Key Management Personnel Compensation

2L`THUHNLTLU[WLYZVUULSJVTWYPZLZ[OL+PYLJ[VYZVM[OL*VTWHU`HUKKL[HPSZVMJVTWLUZH[PVUHYLNP]LUPU5V[L[V[OL
-PUHUJPHS:[H[LTLU[Z;OLYL^LYLUVV[OLY[YHUZHJ[PVUZ^P[ORL`THUHNLTLU[WLYZVUULSK\YPUN[OL`LHY

27.2 Transection with parent, subsidiaries and other related companies

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Name Country of % Equity Interest

Incorporation
2017 2016
(SJV0UK\Z[YPLZ7][3[K :YP3HURH  
(]YV,U[LYWYPZLZ7][3[K :YP3HURH  
(S\TL_:`Z[LTZ7][3[K :YP3HURH  

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YLSL]HU[UHUJPHS`LHYMVYPUMVYTH[PVUYLNHYKPUNV\[Z[HUKPUNIHSHUJLZH[4HYJO4HYJOYLMLY[V5V[LZHUK!

7\YJOHZLZMYVT(SJV0UK\Z[YPLZ7][3[KK\YPUN[OL`LHYPUJS\KLKPU[LYLZ[WHPKHTV\U[PUN[V9Z4U9Z4U

Sales to Purchases Net Funds Amounts Amounts

Related from Transfer Due from Due to
Parties Related from / (to) Related Related
Parties Related Parties Parties
Parties
Rs. 000 Rs. 000 Rs. 000 Rs. 000 2016
Parent :
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Subsidiaries :
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Sales to Purchases Net Funds Amounts Amounts
Related from Transfer Due from Due to
Parties Related from / (to) Related Related
Parties Related Parties Parties
Parties
Rs. 000 Rs. 000 Rs. 000 Rs. 000 2016
/H`SL`Z;YH]LSZ ;V\YZ7][3[K      
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Name of the Related Party Value of the Value of the Value of the Term and The Rationale for
Related Party Related Party Related Party Condition of the entering into the
Transaction Transaction as a Transaction as Related Party Transaction
Entered into % of Equity a % of Total Transaction
During the Assets
Financial Year
Rs. 000
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The immediate and ultimate parent

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Terms and conditions of transactions with related parties
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6\[Z[HUKPUNIHSHUJLZH[[OL`LHYLUKHYL\UZLJ\YLK;OLYLOH]LILLUUVN\HYHU[LLZWYV]PKLKVYYLJLP]LKMVYHU`YLSH[LK
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Demand 3 Months Months years
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End Price
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ALUMEX PLC ORDINARY SHAREHOLDERS AS AT 31ST MARCH 2017

No. of RESIDENTS NON RESIDENTS TOTAL
shares held
No. of No. of Shares % No. of No. of % No. of No. of %
Share Share Shares Share Shares
holders holders holders
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DIRECTORS SHAREHOLDING AS AT 31.03.17

Name of Director No of Shares

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from 01/01/2017 to 31/03/2017

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FIRST TWENTY SHAREHOLDERS AS AT 31.03.2017

Name of the Shareholder No. of % No. of %

Shares as at Shares as at
31.03.2017 31.03.2016
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Share 2017 2016 Share

% Rs. Mn Rs. Mn %
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Distribution of Value Added - 2017

%
6 2 10
8

66

Remuneration and benets 10%

Cost of materials and services bought in 66%
Taxes to Government 8%
Dividends to Shareholders 8%
Retained prot 6%
Depreciation 2%

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2017 2016 2015 2014 2013

Rs.000 Rs.000 Rs.000 Rs.000 Rs.000

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5(4,6-*647(5@    (<+0;69: 
Alumex PLC Ernst & Young
(A limited Liability company, incorporated in Sri Lanka in 2007) Chartered Accountants
No. 201, De Seram Place
*647(5@5<4),9    Colombo 10, Sri Lanka
PV 539 PQ
05=,:;699,3(;065: 
:;6*2,?*/(5.,30:;05.   Please contact Corporate Affaires Unit
The ordinary shares of the Company are listed with the Telephone : +94 11 262 7610
Colombo Stock Exchange of Sri Lanka on 31 March 2014 E-mail : info@cau.hayleys.com

9,.0:;,9,+6--0*,    :,*9,;(90,: 
Pattiwila Road, Hayleys Group Services (Private) Limited
Sapugaskanda, Makola, 400, Deans Road, Colombo 10, Sri Lanka
Sri Lanka Telephone :+94 11 262 7650
Facsimile : +94 11 262 7645
Telephone : +94 11 240 0332
E-mail : info.sec@hayleys.com
Facsimile : +94 11 240 0415
Please direct any queries about the administration of
Website : www.alumexgroup.com
shareholdings to the Company Secretaries
+09,*;69:   
)(52,9: 
A. M. Pandithage - Chairman
Commercial Bank of Ceylon PLC
R. P. Peris - Managing Director
Foreign Branch
D. W. P. N. Dediwela
Commercial House
S. C. Ganegoda No. 21, Sir Razik Fareed Mawatha,
R. P. Pathirana Colombo 01, Sri Lanka
A. A. Akbarally
Dr. H. Cabral, PC Sampath Bank PLC
S. Munaweera )FBE0GmDF  
A. J. Hirdaramani (Alternate Director to R. P. Pathirana) No. 110, Sir James Peiris Mawatha,
T. Akbarally (Alternate Director to A. A. Akbarally) Colombo 02, Sri Lanka
Bank Of Ceylon
(<+0;*6440;;,,    Corporate Branch
S. Munaweera - Chairman OE'MPPS )FBE0GmDF 
Dr. H.Cabral, PC No. 04, Bank of Ceylon Mawatha,
R. P. Pathirana Colombo 01, Sri Lanka
Hatton National Bank PLC
9,4<5,9(;065*6440;;,,
)FBEPGmDF 
Dr.H.Cabral, PC Chairman
HNB Towers
S Munaweera
No. 479, T. B. Jayah Mawatha,
Colombo 10, Sri Lanka
:<):0+0(9@*647(50,:  
Alco Industries (Pvt) Ltd DFCC Bank PLC
Alumex Systems (Pvt) Ltd - No. 73, W. A. D. Ramanayake Mawatha,
Amalgamated with Alumex PLC on 31 March 2017 Colombo 02, Sri Lanka
Avro Enterprises (Pvt) LTD - Standard Chartered Bank
Amalgamated with Alumex PLC on 20 April 2016 37, York Street
Colombo 1, Sri Lanka

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