People’s Leasing & Finance PLC

Annual Report 2018/19

සිංහල  |  தமிழ்

Directors’ statement

We present here our sixth Integrated Annual Report for the year ended 31 March 2019, which sets out a balanced and concise assessment of our financial, social, and environmental performance and how we drive sustainable growth while balancing stakeholder interests. The Board of Directors has reviewed the Company’s business plans and is satisfied that People’s Leasing has adequate resources to continue its operations in the foreseeable future. Accordingly, the Financial Statements are prepared based on the going concern concept.

The Report is structured in two parts.

The first section explains how we created value during the year under review, while building the legend that is People’s Leasing. The Report provides the reader with a well-rounded appreciation of the state of operations and instils confidence in the Company’s prospects for future growth and sustainability.

The second section consists of more detailed information including the audited and complete Annual Financial Statements for the year ended 31 March 2019. The financial performance of the Company and the Group during the year is illustrated in the statements. They provide a vignette of the Company’s financial position as at 31 March 2019. This section also contains detailed reports on corporate governance as well as supplementary information.

To cater to the communications needs of the Company’s diverse stakeholder groups, this Report is available in different mediums and formats, including a comprehensive report in online HTML format.

The Financial Statements provide full disclosure on the financial aspects relating to the Organisation, allowing us to adhere to the statutory and legislative requirements of reporting.

While recognising and acknowledging our responsibility to present accurate information in this Integrated Annual Report, we confirm that it addresses all material issues and matters relating to the Company and its operations. While complying with statutory requirements, our presentation of comprehensive material information is in keeping with the Company’s commitment to transparency.

Financial projections and statements relating to future events are based on current available information. While we cannot provide any assurances regarding future events, we advise readers to refrain from placing undue reliance on the projected data in making their decisions. Information has not been updated post-publication.


Mr. Hemasiri Fernando
Chairman/Non-Executive,
Non-Independent Director

Mr Michael Pradeep Amirthanayagam
Deputy Chairman/Non-Executive,
Independent Director/
Senior Independent Director

Mr Jehan Prasanna Amaratunga
Non-Executive,
Non-Independent Director

Mr Mohamed Anise Mohamed Rizwan
Non-Executive,
Independent Director


Mr Johnson Anthony Fernando
Non-Executive,
Independent Director

Mr Rasitha Gunawardana
Non-Executive,
Non-Independent Director

Mr N W A M U K K E Weerasinghe
Non-Executive,
Independent Director

Dr Kennedy Gunawardana
Non-Executive,
Independent Director


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