BAIRAHA FARMS PLC - Annual report 2010

8/6/2019 BAIRAHA FARMS PLC - Annual report 2010

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2010 was an excellent year, in whichBairaha met the strong demand for chicksand chicken products with an attentionto excellence in our own productivity andefficiency in operations.

BAIRAHA FARMS PLC | Annual Report 2010/11



ABOUT BAIRAHABairaha Group i a rtically intgratd poultry opration and it njoy

th No. 1 poition a th lading producr o ot oughtatr ‘Bairaha’ broilr day-old-chick.



Financial HigHligHts 3

cHairman’s review 4

cHieF executive OFFicer’s review 6

DirectOrs’ PrOFiles 12

Human resOurces 16

cOrPOrate sOcial resPOnsibility 17

cOrPOrate gOvernance 20

rePOrt OF tHe auDit cOmmittee 23

rePOrt OF tHe remuneratiOn cOmmittee 24

Our JOurney 26

tHe bairaHa Family 29

risk management 30

Financial rePOrts 33

statement OF DirectOrs’ resPOnsibilities 34

annual rePOrt OF tHe bOarD OF DirectOrsOn tHe aFFairs OF tHe cOmPany

35

inDePenDent auDitOr’s rePOrt 38

balance sHeet 39

incOme statement 40

statement OF cHanges in equity 41

casH FlOw statement 42

nOtes tO tHe Financial statements 43

investOr inFOrmatiOn 70

value aDDeD statement 72

Five year summary 73

nOtice OF meeting 74

enclOseD FOrm OF PrOxy

inner back cOver - cOrPOrateinFOrmatiOn

CONTeNTs

visiOn

missiOn

to o o h p-

pp of po d

d pod ffod p o

pp h o of

o o.

to odoo h o

h d ho, d

ohp, oo

oppo fo oh d

o h dop, o

d d po pod

o fo hod.



bairaHa Farms Plc annual rePOrt 2010/11 | Page 3

FinancialHigHligHts

gop

2011 2010

gop r (r. ’000) 2,554,762 2,064,259

gop Pof/(lo) fo F co (r. ’000) 595,187 185,289

gop Pof/(lo) fo to (r. ’000) 584,576 154,181

gop to (ch)/r (r. ’000) (103,166) (20,420)

to v addd (r. ’000) 1,144,705 612,126

to r o go (r. ’000) 431,976 303,356

shhod’ Fd (r. ’000) 1,197,276 760,640

rd e (r. ’000) 701,674 263,727

e/(lo) p sh - b (r.) 30.37 8.38

m P p sh 31 mh (r.) 401.00 34.00

r o e (%) 40.59 17.63



Page 4 | bairaHa Farms Plc annual rePOrt 2010/11

Bairaha Group reports highest ever profit…

cHairman’sreview

D shhod,

a year OF HistOricacHievement

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seizing OPPOrtunities

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gop’ o ood podo



bairaHa Farms Plc annual rePOrt 2010/11 | Page 5CHAIRmAN’s RevIew |

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Ddd of 20% o p ddo

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Future DirectiOn

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in aPPreciatiOn

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do od .

(Sgd.)

Desamanya PrOF. m. t. a. FurkHan

ch

24h m 2011




cHieF executiveOFFicer’s review

The Group has recorded an equally impressive 24% growthin revenue and 263% increase in profit in the year under review compared with the previous year.

th 2010/2011 o of

pdd h d

fo bh. th gop o

o d, h fod fo

o fo h d o po

o d.

an OutstanDing FinancialPerFOrmance

th gop odd o of r. 2,555 m

fo h d opd o

r. 2,064 m pod h po .

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opd o r. 134 m h

po . th gop h odd

p 24% oh

d 263% pof h d

opd h h po .

th h p of bh F Plc h

hh of r. 525/-.

a 31 mh 2011, h o h p

of bh F Plc. r. 401/-.

FrOm an OPeratiOnalPersPective

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brOiler Farms

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p f o h o

o n i.

exPOrts cOntinue aPace

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o.

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md d o d h o

hd fo po h o

po d h c wod cp 2011.




new initiatives

s dop o h d

ooh. H o of h.

a new brOiler Farm in Puttalam

bh F Plc, d o h h bOi D 2010, o p

-of-h- bo F

48- po of d od h P

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ho . w p o ‘h’

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a/sp 2011.

CHIef exeCUTIve OffICeR’s RevIew |




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cultivatiOn OF maize

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quality assurance

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d isO 9001.

Our ‘baDges OF HOnOur’

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h d . H o of h

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bh F Plc od h h

‘god ad’ fo h 2010 h o

of ‘ipo, Do d r’ h

s l-m b co.

| CHIef exeCUTIve OffICeR’s RevIew

n opod n’ b id h

h h bOi

cood bh pod



bairaHa Farms Plc annual rePOrt 2010/11 | Page 9CHIef exeCUTIve OffICeR’s RevIew |

bh F Plc d h ‘bo

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s l.

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s l D 2010 fo h F

y 2009/2010.

OutlOOk FOr tHe Future

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o h .

th o

(Sgd.)

yakOOtH naleem

ceO

24h m 2011

bh ppd h s. bd’ F

epo of p d h

Automation, improving efficiencies and processes…



Broilr chick o today ha inhritd a ital hrditary trait ro thir parnt…th ability to gro at, halthily…ithout th nd or horonal upplnt.

Bairaha’ brdr inntory conit ntirly o bird ith high groth potntial…th rult o carul and paintaking natural lction o jut th right train.

Our ‘Young ‘Un’ Gro upfat…th Natural way




DirectOrs’PrOFile

Desamanya PrOF. m.t.a. FurkHan

D Pof. m.t.a. Fh h Fod

of h coff gop of cop ho h hd

h poo ch of h cop

h gop fo h po 1969.

H hod h D of Fcma, Fccs, J. Dp. ma,

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Pd of cima s l, Pd, cima

n soh w, a, i of chd

s, i of m s,

ro c of cooo noh d of oh o. H h od

d dd h cima institute Plaque, cima

citatiOn d h i of chd s

uk citatiOn.

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h 2003, ep of h 1994 -

sod P h w Po h

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ad H.e. th Pd of s l.

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s l. i oo of h dd

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Pd of s l dd h h of

Dhd 1987 d ofd h

of D 2005.

Desamanya cHaritHa P. De silva

D chh P. d s p

ch of iD l ld. d h i fo h

Dop of co l d P.

H o oh h fo ch

of h s d eh coo of

s l, h co ch of co,

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lf o rh

i n

r yoo

yooh n

D Pof. m.t.a. Fh

D chh P. d s

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k n

m n

b Dop c, s l

no co of h io ch of

co, th a l aoo, a

sp & co. ld. d l Orix l co. ld.

H pod h ep l id

s l 1980. H dd th Od

of h r s god d s s h

Jp go 1988. th h hh

Hoo dd o s l. H

dd h Hoo of D h

s l go 1998.

DesHabanDu nOwFel saly Jabir

Dhd nof s J h Do

of bh F Plc h 1994. H

od h g d J id d

pood s l jo g d J

td c. H p h ch of

no J (P) ld.

H h od h

e h h d h ch

of eta mo e co. d h Hop

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Hod, r Ho d ed ro d sp.

Dhd n.s. J p h

v-Pd of h moo i c Ho.

H d h ohd h p of h

ado o h kdo of sd a

(1998-2001). H hd o d h sp

coo fo h b u co

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zh co. i 1998, H.e. th Pd

hood h h h of Dhd

oo of h o h no o h

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yakOOtH naleem

m. yooh n h ceO of h cop.

H h h m Do 1990.

H h ba eo. (Ho.) D fo h

u of mh (fo o

h vo u of mh) of h

ud kdo. H h o Do of

h a id Po aoo 2003.

riyal yakOOb

m. r yoo h e Do

of h cop. H od so

a ao of bh fo 7 d

h ppod e

Do of h cop d h h

h poo 1990. H d h Hh

no Dpo (b d F) fo h

soh lodo co of h ud kdo.

ilyas naleem m. i n o od h cop

e Do fo 1981 o 1983.

s h, h o o Do ho

ppo h cop’

. H d h g td o

h p p. H o dd h

ud kdo d h Dpo b

sd dd h b l shoo

of lodo oo h h c fo

eoo d Po sd.

kamil naleem

m. k n h Do of h

cop 1984. H po

oo f h opo of h god

roo r h h opo

dod. H o dd h

ud kdo.

mubarak naleem

m. m n jod h cop

J 1994 e Do d h h of h sp h

dpod off. H o dd h

ud kdo.



In dloping it poultry, Bairaha ticulouly ollo th concpt – optiald…optial halth…optial groth…optial product. Our poultry d i

prcily and cintiically orulatd uing aailabl nutritional inoration onach ra atrial (pcially aiz, oya ban al, ric by-product tc) or

bttr conrion o d into at.

eat wll…Gro wll




HumanresOurces

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cOrPOratesOcial

resPOnsibility

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Bairaha’ dri or cllnc acro it production chain nur that our ndproduct i an optiu on…not jut ucculnt to th tat, but on ith or

at, l at…holo and rich in protin…and jut plain halthy to at!

It Look Good…Tat Good…

Is Good!!!




cOrPOrategOvernance

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i. tHe bOarD OF DirectOrs

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m. r yoo e 11/11

m. i n no-e 10/11

m. k n e 9/11

m. m n e 11/11




iii. rOle OF tHe cHairmananD tHe cHieF executiveOFFicer, anD tHemanagement

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iv. rOle OF tHe cOmPanysecretary

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Dhd n.s. J d m. i n.

CORPORATe GOveRNANCe |




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Fo o foo o ro

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vi. gOing cOncern

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d foo o oo f.

| CORPORATe GOveRNANCe

vii. relatiOns witHsHareHOlDers

th cop o

ppo of h hhod h

a g m d pod

d fo o d

d hhod. i ddo, h d h

f o

oh fo of oo, h bod

ffo o p h hhod

fod of h po of h cop.

(Sgd.)

yakOOtH naleem

chf e Off

24h m 2011




rePOrt OF tHeauDit cOmmittee

th p fo of h ad co

(h ‘co’) o h bod

of Do ff oh

po. th ad co fo

d h of f ,

oo pod, o po,

o, h d of

o d op h o dd. th ad

co h bod of Do,

o oh h, dh h

d p dpd d

oj o h f po

o odo op h do,

o d oh o d do

h ho. wh h

ad co o d

odo o h bod h

p.

membersHiP

th ad co o of fo

no-e Do h of ho

idpd. i hd D

c.P. d s, ho idpd Do

d o of od

pofo o od. th oh

of h ad co :

D Pof. m.t.a. Fh, ho

idpd Do d o of

od pofo o od;

Dhd nof s. J, h ohidpd Do.

m. i n, no-e Do.

meetings

th ad co hd

d h d . th chf

e Off, e Do d

h chf F Off o d h

o o.

internal auDit FunctiOnth co d h cop’

d pod o h

ff of h i F coo

h h p p o pod

o o h Do h

fdd d h h f

po d po

ppo d po. th i ad

fo h ood o m bDO

P, chd ao. th i

ado o h d p hdd

po ppod h ad co.

g, h d d o o

. bd o h d fd

d odo of h i ado,

h ad co f d h h

od o h bod h

po of ho odo

h odd o p d

. th ad co h ppod

h f o pd fo h of h

i ado.

Financial statements

th ad co h bod

h of f

d do. th co dd

o h f o h h

e ado o 24h m 2011 d h

bod hd odd

o h bod h dopo of h F ao.

external auDitOrsth ad co h odd o h

bod of Do h m e & yo,

chd ao -ppod

e ado fo h f d

31 mh 2012 j o h ppo of h

hhod h a g m.

(Sgd.)

Desamanya c.P. De silva

ch

ad co

24h m 2011




rePOrt OF tHeremuneratiOn

cOmmittee

th ro co o of fo

no-e Do d h of ho

p m. i n idpd.

D Pof. m.t.a. Fh h

ch of h ro co

d oh of h ro

co D c .P. d s,

Dhd n.s. J d m. i n.

th ro co o

oh o d od o h

bod of Do:

1. th d o of e

sff.

2. th o of chf e Off

d e Do.

3. F d o fo no-e

Do.

i d h opo p of

h e Po h of h

ro co o o

h p d opo

p offd opo fo ff of

d, h fo, p

d pfo of h dd ff

od. th ppo of d

d ppop opo

p fo ff o o j o

pd d fd ff, o o

h ff o pd

oo. bd odo

o h bod o o h o of

Do d e, h co hd

o o of h p

o of d h od d

odo o h bod o

ppop o o h of hdd

of o- ff .

(Sgd.)

Desamanya PrOF. m.t.a. FurkHan

ch,

ro co

24h m 2011



R.

525

BfL harpric rachdan all tihigh o




Our JOurney

1975OctOber

bh F Plc (fo o

m.i.m. n Hj & co. ld.) opod

o h 17h Oo 1975.

1976December

bo P bd F d hh

d k d oh

d f hd kodh.

co bo F opo od

65- P 1980 d -of-

h- ch Po Fo ppd h

dd d ophd p d h

pod fo eop o p h

. th h f od d

h po fo h o

d o ppd h od f

d od-o f. co l d

bd opo dd o

ko d thod p, d

h ko F od o

jo P bd F.

1986august

bh F (bF) pod d d

co go sh gph, P

d k D f o o

d pp l bo bd o h cop.

tod, h hdd of h o f,od d.

1994February

bF P cop.

OctOber

bF fo h i P Off (iPO) d

h h o-d o h

2.04 o h op d f of h p

h .

1999OctOber

bh Food (P) ld., f od d of

bFl, od h podo d

of hh , hoo p-ood

po pod.

2000aPril

a jo bd F of h cop od

ko, h P D, pdd

d od o od f.

2001may

bh F ld. dd cf of

cop fo h 1999/2000 a rpo

h o of Food & b cop,

h a rpo copo od th

i of chd ao of s l.

OctOber

bh gop dd h o

od isO 9002 cf fo q

m s. i ddo, bh

h po d p-ood

f fo o o

dd h o d HaccP Food

sf cf.

2002may

Fo h od bh F ld.

dd cf of cop fo h

a rpo fo h 2000/01 h o

of Food & b cop h a

rpo copo od th i of

chd ao of s l.

June/July

bh F ld. dd hhod

n (P) ld.

august

th bd F P pdd

od po oo .




2003may

Fo h hd bh F ld.

dd cf of cop fo

h a rpo fo h 2001/02 h

o of Food & b cop h

a rpo copo od thi of chd ao of s l.

OctOber

k pop od o pop dop.

nOvember

th f h of d d hod h

f h kd D.

2004may

th isO q m s

d d pdd od h

of isO 9001:2000 d fo

o d. r-fo dd fo

h d HaccP .

July

a ho d d d

bh F ld. d Ho b.v. of

nhd h Hd of Ho

bo, nhd o p jo

gd P bo bd Poj s l.

OctOber

th f h of gd P ch pod h jo op, ,

Fo g-P F (l) ld.

December

th cop pd h cf

of roo fo h a rpo fo h

2003/04 h a rpo copo

od th i of chd

ao of s l.

2005 June

th f h of P ch hhd

d h f d.

December

th i of chd ao of

s l pd h cop h cf


2004/05 h a rpo copo.

2006may

bFl dd h po isO 22000:2005

h slsi.

December

bFl o dd ‘cf of

roo’ fo a rpo fo h

2005/06 th i of chd ao

of s l.

2007marcHth cop dd h thd p fo

h po d f h

no lo ad pd h

m of lo Dop.

July

bFl od h h s ad h

no a ad, h l-s

o, h no a co.

sePtember

th cop od h h ‘s

ad’ fo h 2007 h o of

ipo, Do d r h

s l-m b co.

nOvember

m. yooh n dd oh no

d w Po m ad h e

l co h s l ep

of h y 2006 copo, od h

Fdo of ch of co d id

of s l.

th i of chd ao of

s l pd h cop h cf


f 2006/07.

OUR JOURNeY |



Page 28 | bairaHa Farms Plc annual rePOrt 2010/11 | OUR JOURNeY

2008February

th F of a of h u of

Pd pd h cop h

o ppo of h o o-opo

h h o o.

th cop hd oh bd F Hp h k D.

July

rd gOlD awarD h mf d

epo of Hohod co Pod

co h 4h a s l-m

b ad (2008) od h

s l-m b co.

august

Hh DOc podo d h ho

of h gop. rd gOlD awarD h

Pod/Poo - l o h

a ad 2008 od hno a co.

nOvember

th i of chd ao of s l

pd h cop h h cf of

roo, h Food & b o, fo

h a rpo fo h f 2007/08

h a rpo opo.

2009august

bh F Plc djdd h of

h s ad h o of mf

d co Pod dd h s l-

m b co.

bh F Plc djdd h jo

of h bo ad h o of

r of Fhd Pod dd h

s l-m b co.

Fo g-P F (l) ld. dd

h god ad h md o

fo ip spp (Po) dd h

no a co h a-

b ad 2009.

nOvember Fo g-P F (l) ld. pod o

o of bo bd P h

o np. th op of h

bh gop. Fo g-P F (l) ld.

h of h o op

s l hh pod bo bd

P h.

bh F Plc o h bo ad of

h a rpo h Food & b

o h a rpo ad copo

2009 od th i of chd

ao of s l.

2010marcH

bh gop o h d d

pod of o d-od-h.

June

bh F Plc djdd h

of h god ad h o of ipo/

Do/r of fhd pod d

fhd pod dd h

s l-m b co h

6h a s l - m b

ad - 2010.

bh F Plc djdd h

of h bo ad h o of

mf d epo of Hohod

d co dd h s l-

m b co h 6h a

s l-m b ad - 2010.

appo d d h s l

v aoo

F po of co 500 p h fo h

o 26h J 2010 o np

December

bh F Plc dd cf

of cop h Food & b so

fo h F y 2009/10 h a

rpo copo od D

2010 th i of chd ao

of s l

bh F Plc d h

h bOi o p -of-h-

bo F.

2011 January

bh F Plc h p hd

hh of r. 525/-.

marcH

m po of bh F Plc

hd r. 6.4 b.

Bairaha Group reports highest ever turnover and profit of Rs. 2.6 Bn and Rs. 486 Mn, respectively.




tHe bairaHaFamily

bairaHa Farms Plc

bh F Plc (bFPlc) h hod

op d d o d

- -of-h- h po

fo. i o o d op h od

d f d pod e d

boo loo oh obh gop d h po d.

Hill cOuntry Farms ltD.

H co F ld. op -

d f d hh fo h podo

of o d-od-h.

bairaHa FOODs (Pvt) ltD.

bh Food (P) ld. d h

f of of -ddd,

p-ood pod.

siyane Farms ltD.

i pp d of po fo

h podo of o d-od-h.

FOrtune g-P Farms(lanka) ltD.

i pp h opo of o

d dp f d hh fo h

podo of o d p h.

bF lanDs DevelOPment ltD.

HcF lanD DevelOPment ltD.

lanka lanD DevelOPment ltD.

cultural triangle lanDDevelOPment ltD.

th f op d pod

ppo o h gop ph

d h d o h

gop fo p po poj.

bairaHa traDing (Pvt) ltD.

O d op, bh td (P)

ld., h d of h gop. bh

h h hod o do fo

‘a’ of df fo DPo fo

, d h pod h

dd d d h op.

nature’s best inDustry ltD.

th cop h d a h

h bOi o -p , -of-h-

bo F d od ad

h P D. th d 48

d h poj -p

n’ b id ld., hh

opod ho-od d

op of bh F Plc.

th f od h

h p o d dd of oh

p po op h od.

th of h of h po ho

h d h pfo of h

d h o dd o

o od h d

h po h f

op s l.

raJarata lanD DevelOPment ltD.




th ppo of h - fo

o o po h cop fo

hh po , o h

h o o of h gop

d d o h , od

h p dd o d h o od

h oh.

suPPly-siDe risks

spp-d d, o oh h,

h ph of po fd, hh

dpdd o h p d

f o h of

d h h h cop ph.

Poo fd od poo

pfo oh d d

h o. i od o po

fo poo fd, h coph fd fo o h o

fd pp.

th od h h

of o-podd fo fd

f dd od,

s l o f-

ff podo. mo -

pod o o fo fd

podo of ddo d

oh d pdd o. b

d pp of o-podd

fo fd podo

h h opo of po

, h fd h fd

pod d o d

d.

i d o h od h h

ph of p h, h

ood d d h f h

h h fo o o op,

Fo g-P F (l) ld., hh h h

f of h o o d-p

d op op s l. th

cop o h h opo of po

h p d h d fo

pp’ f od o

o d usa, ud kdo,

nhd d n zd.

market riskm fo h gop o o o

fo f opo d

, h h o

of d d p . thoh

o po fo bh o od op

h p of opo,

h pd of o d od

o opod o

p-. th opo do o h

h o p

h cop o

d.

w o oo hoh

ho-p opo. Fho,

d od

pod odd o -fo-o

h o o poo o

hh , d-o- pod. th o

d o h -d of o

pod p o d

h hod hp o fh h o d.

regulatOry anD legal risksyo cop o f po of o-

op h h id r a, cse

r d oh pp d o.

Hh p, f d p,

h d o ho

od o d h

cop’ po. i od o h

, h oo oo

h gop h d o op h

d o, h d h

odd oh i d e

ado. ado fo h slsi

riskmanagement




o op h food f d -

dd. th f h

dd h isO 9001 d isO 22000 pod

o h d o o food f

d .

Financial risksFo h o jo o

o h cop do o

po of h

od d o h fo

h o.

w fo f

o oo d

ff o po o d h

o h f h o h o

f o.

OPeratiOnal risk

Poo pfo o-o o

of h opo fd h

cop. wh o-o’ d

, h cop opd

o pod fo d poo fo d

d dof d, hh ff

pof d h fo.

w h opo

fd od h d hoh

pod o d oo of o-

o’ pfo. F df ,

o , dd o d h hof

p h cop’ o gop’ o o

f o o.

natural Disasters, weatHercOnDitiOns anD Diseases

F do h h

of h h. Doh, food, o .,

od op d o o h

ood o o d

p p . goph d,

hoh oo, od h o

d p. s h o

pdd o f ppd fo,

pop d o of h cop

f d oph d

d. ufo o o

o od h po

d, h p of o o

. th cop d h gop

h od h oo

po d h o f, oh

p d d o, od

o p oo

f d. th cop h d

h ho o h h

p o podo d pod

h f-ood d d

ho o d ofoo fo h d.

RIsK mANAGemeNT |




R.

Bn6.4

marktcapitaliation oBairaha far PLC.

rachd



Financial RepoRts34 s f Drr’ Rb

35 a Rr f Brd f Drr affr f cy

38 idd adr' Rr

39 B s

40 i s

41 s f cg eqy42 c Fw s

43 n F s



paGe 34 | BaiRaha FaRms plc annual RepoRt 2010/11

statement oF DiRectoRs’ResponsiBilities

t Drr r rb fr rg cy k

ff g rrd w d f

f cy w rb ry d f

r rrd fry w sr lk ag

sdrd d y w r f c a.

t Drr dd gg r b fr

rr f f .

t Drr r rb fr kg rb r

fgrd f cy d rgrd

ff r.

t Drr fr ry y fr f

yr b d.

By ordr f Brd

BaiRaha FaRms plc

(Sd.)

p W coRpoRate secRetaRial (pvt) ltD.

cy srr

24 my 2011



BaiRaha FaRms plc annual RepoRt 2010/11 | paGe 35

t Drr f Br Fr plc r rg r

a Rr gr w dd f f

cy fr yr dd 31 mr 2011.

GeneRalpr rqr f w c a n. 07 f

2007, cy w r-rgrd 14 Fbrry 2008 d

br rgr br pQ122. ardgy, f

cy gd Br Fr plc.

GRoup activitiest r f Gr r ry grd ry

frg, k rg d frg f r-kd

d rr fwg:

Brdg ry d rg f r fr rd

d f b r d r brr dy-d-k;

org drd f grwr fr w fw rg-

w brr fr;

prg, drbg d g f kd w brr

k d brr k r (-);

mfrg, drbg d g f r-kd dg k g, k b, k dw

d rd k;

irg d drbg, g,

wrd-rwd 'a' brd df fr Dp a

h s f usa;

mrkg d g f r rd fr ry frg,

dg f yr (rdd by ryg

by-rd f ry rg) fd r.

Financial statementst f f cy r g g 39 69.

summaRiseD Financial Results31 mr 31 mr

2011 2010 R. ’000 R. ’000

Gr

R 2,554,762 2,064,258

n prf fr Yr 485,946 134,148

Rd erg 701,674 263,727

annual RepoRt oF the BoaRD oF DiRectoRs on theaFFaiRs oF the companY

auDitoR's RepoRtt Rr f adr f f

cy g g 38.

accountinG policiest g dd by cy rr

f f r g g 43 49 w r

w f r yr.

DiRectoRst f Drr w d ff d f

g rd r g bw d r brf rf r

g 12 d 13.

executive DiRectoRs

mr. Yk n (Maai Dict)

mr. Ry Ykb

mr. K n

mr. mbrk n

non-executive DiRectoRsDy prf. m.t.a. Frk (Caima)*

Dy c.p. d s*

Dbd n.s. Jbr*

mr. iy n

* Iddt Dict

a r fr r f Dy prf. m.t.a. Frk,

w rd g f 70 yr 18 mr 2005, w b

rd a Gr mg r f s 211 f

c a n. 07 f 2007.

a r fr r- f Dy c.p. d s,w rd g f 70 yr 30 sbr 1998 w b

rd a Gr mg r f s 211 f

c a n. 07 f 2007.

a r fr r- f Dbd n.s. Jbr, w

rd g f 70 yr 24 Jy 2008 w b rd

a Gr mg r f s 211 f

c a n. 07 f 2007.

i rd w ar 87 d 88 f ar f a

f cy, mr. mbrk n rr by r d, bg

gb, rdd fr r-.




inteRest ReGisteRt cy ir Rgr r f

c a n. 07 f 2007.

a rd ry r w r f

Drr w wr dry r dry rd r r

rd ry r w cy drg g

rd rrdd ir Rgr d w

b r d rg f r Rgry

ar.

t r r f Drr r f cy 31 mr 2011 r rrdd ir Rgr d d r

g Rr dr Drr’ rdg.

DiRectoRs’ RemuneRationt Drr’ rr dd n 21 f

g 65.

DiRectoRs’ ResponsiBilitY FoR FinancialRepoRtinG

t Drr r rb fr rr f f f cy d r y rf r

d fr w f f ffr. a frr

rgrd dd g 34.

auDitoRsmr er & Yg, crrd a rd adr

drg yr dr rw. a fr Drr r wr,

adr’ y r w cy rgrd r

wrk rg d d y d

rgrd t.

t d f d d yb fr yr dr rw rR. 804,150/- d R. 784,690/- ry.

t adr rdd r drg

yr d f yb rgrd R. 290,000/-.

t adr rd r wg ff.

a r r adr d r Drr

dr r rr w b rd a

Gr mg.

stateD capitalt sd c f cy R. 256,305,197/- ddd

16,000,000 ordry sr.

DiRectoRs’ shaReholDinGt rdg f Drr f cy r fw:

n f sr

a 31.03.2011 31.03.2010

Drr

Dy prf. m.t.a. Frk 50,000

mr. Yk n 1,691,111 1,691,111

mr. Ry Ykb 810,933 810,933

Dy c.p. d s 30,000 45,000

Dbd n.s. Jbr 10,000 45,000

mr. iy n 1,641,600 1,641,600mr. K n 1,641,608 1,649,708

mr. mbrk n 1,649,317 1,649,317

maJoR shaReholDeRs, DistRiButionscheDule anD otheR inFoRmationifr wy rg rdr f cy,

drb d f rdr d rk r r

r g r l g R f cb sk eg

g 70 d 71 dr ir ifr.

puBlic holDinG42.62% f d r f cy r d

f b.

emploYee shaRe oWneRship plant cy d ey sr owr p tr (esop),

bfr f w wr grd f ff. Br Fr plc’

r wr d tr wr d bfr

cy w fr ipo. t esop tr bqy bg

dd Br Fr plc’ r zg y fr

ddd rd tr. t d y, w

wr r f cy fr yr 2001 2003wr d b rg r g 374,179

w r f sr d eg c.

ReseRvest f rr drg yr r g dr

s f cg eqy g 41.

capital expenDituRet dr drg yr d

R. 149.4 m rd R. 53.9 m rrd r yr.

D f rry, & q r g

dr n 4.1 d 4.2 f .

AnnuAl RepoRt of the BoARD of DiRectoRson the AffAiRs of the compAny




DiviDenDt f ddd f R. 1.00 r r fr f yr

2009/10 w d 31 ag 2010. a r ddd f

R. 2.00 r r fr yr 2010/11 w d rdr

4 Jry 2011.

statutoRY paYmentst Drr fr b f r kwdg, ,

d d yb by cy, d rb,

d yb bf f, d r f y f

cy d r kw ry d wr d d ybby cy b d b d r,

wr r rdd fr.

Donationst cy d d fr rb r g

R. 1,588,561/- (2010 - R. 369,930/-) fr yr dd 31

mr 2011.

events occuRRinG aFteR theBalance sheet Daten r r b d,

w wd rqr dj , r dr f

.

coRpoRate GoveRnancecrr gr r d r w r

g d r f cy r g

20 d 32 f rr. t Drr fr cy

d w r rr gr d

lg R f cb sk eg.

a ad c w Rr c f b f Brd d y r d f Drr

w rq qf d r. t f

d c fw:

auDit committee

Dy c.p. d s - Caima

Dy prf. m.t.a. Frk

Dbd n.s. Jbr

mr. iy n

RemuneRation committee

Dy prf. m.t.a. Frk - Caima

Dy c.p. d s

Dbd n.s. Jbr

mr. iy n

annual GeneRal meetinGt a Gr mg w b d ‘Grd Br’,

Gdr h, n. 64, l Rd, cb 01 11.30 ..

tdy 12 Jy 2011. t n f a Gr

mg r g 74.

By ordr f Brd

BaiRaha FaRms plc

(Sd.)

YaKooth naleem

mgg Drr

(Sd.)

RiYal YaKooB

e Drr

(Sd.)

p W coRpoRate secRetaRial (pvt) ltD.

srr

24 my 2011

cb

AnnuAl RepoRt of the BoARD of DiRectoRson the AffAiRs of the compAny




inDepenDentauDitoR's RepoRt

hmaJ/caY/Dm

inDepenDent auDitoR's RepoRt to theshaReholDeRs oF BaiRaha FaRms plc

RepoRt on the Financial statementsW dd yg f f Br

Fr plc ("cy"), dd f f

cy d bdr, w r b

31 mr 2011, d ,

f g qy d fw fr yr

dd, d ry f gf g d r

ry .

manaGement’s ResponsiBilitY FoRthe Financial statements

mg rb fr rr d fr r

f f rd w sr lk

ag sdrd. t rby d: dgg,

g d g r r r

rr d fr r f f r fr

fr r , wr d frd r rrr; g

d yg rr g ; d kg g

r rb r.

scope oF auDit anD Basis oF opinion

or rby r f

bd r d. W dd r d rd

w sr lk adg sdrd. t drd rqr w

d rfr d b rb r wr

f r fr fr r .

a d d g, b, d rg

d dr f . a d

d g g d d gf

d by g, w g r

f r.

W bd fr d w

b f r kwdg d bf wr ry fr r f

r d. W rfr b r d rd rb

b fr r .

opinion

i r , fr r fr r , cyd rr g rrd fr yr dd 31 mr

2011 d f g r d fr w f

cy’ f ffr 31 mr 2011 d rf d

fw fr yr dd rd w sr lk

ag sdrd.

i r , dd f g r d

fr w f f ffr 31 mr 2011 d rf

d fw fr yr dd, rd w sr lk

ag sdrd, f cy d bdr d w

rby, fr r rdr f cy.

RepoRt on otheR leGal anDReGulatoRY ReQuiRementsi r , f y w

rqr f s 151(2) d 153(2) 153(7) f

c a n. 07 f 2007.

(Sd.)

eRnst & YounG

crrd a

24 my 2011

cb




Gr cy As at 31st Mac 2011 2010 2011 2010

n R. R. R. R.

Assets

n-crr A

prry, p & eq, n 4 732,867,812 626,838,014 406,335,389 375,037,714

igb a 5 4,170,048 3,579,307 4,170,048 3,579,307

i sbdr 6.1 – – 106,940,050 106,940,050

i J vr 6.2 – – 2,895,000 2,895,000

i a 7 17,981,918 13,445,582 15,162,700 15,162,700

or i 8 1,246,998 873,623 1,246,998 873,623

756,266,776 644,736,526 536,750,185 504,488,394

crr Air 9 235,549,744 214,988,676 129,361,341 71,565,247

trd & or Rb, n 10 309,741,133 266,233,027 285,289,487 200,402,879

i t Rb – 170,075 – –

a D fr Rd pr 11 39,647,232 66,434,522 126,522,242 134,226,581

c & Bk B 24 238,072,111 45,792,055 130,512,571 25,084,133

823,010,220 593,618,355 671,685,641 431,278,840

ta A 1,579,276,996 1,238,354,881 1,208,435,826 935,767,234

eQuity AnD liABilities

caa ad Rrv

sd c 12 256,305,197 256,305,197 256,305,197 256,305,197

R sr 13 238,719,678 240,031,043 125,760,027 127,071,392

or Rr 13 576,677 576,677 576,677 576,677Rd erg 701,674,110 263,727,580 375,931,984 104,464,608

ta eq 1,197,275,662 760,640,497 758,573,885 488,417,874

n-crr lab ad Drrd i

ir-Brg l & Brrwg 14 14,464,080 47,289,649 14,464,080 46,536,858

Dfrrd t lb 22.2 29,093,603 9,605,113 23,831,779 9,796,930

Rr Bf lby 15 17,636,544 15,889,055 15,903,011 14,429,276

61,194,227 72,783,817 54,198,870 70,763,064

crr lab

trd & or pyb 16 240,622,799 349,368,711 212,672,300 237,197,660

Ddd pyb 17 5,822,175 1,635,881 5,822,175 1,635,881

a D Rd pr 18 – – 128,932,316 89,264,357

i t pyb 42,767,495 8,817,719 16,641,642 4,565,423

ir-Brg l & Brrwg 14 31,594,638 45,108,256 31,594,638 43,922,975

320,807,107 404,930,567 395,663,071 376,586,296

ta eq ad lab 1,579,276,996 1,238,354,881 1,208,435,826 935,767,234

t f r w rqr f c a n. 07 f 2007.

(Sd.)

ahameD ZahiRi

cf F offr

t Brd f Drr rb fr rr d r f f . sgd fr d bf f Brd by,

(Sd.) (Sd.)

YaKooth naleem RiYal YaKooB

mgg Drr e Drr

t g d g 43 rg 69 fr gr r f f .

24 my 2011

cb

Balancesheet




incomestatement

Gr cyYa dd 31st Mac 2011 2010 2011 2010

n R. R. R. R.

Rv 3 2,554,762,455 2,064,258,834 1,835,824,412 1,584,104,551

c f s (1,772,994,536) (1,683,447,823) (1,332,204,942) (1,306,289,089)

Gr prf 781,767,919 380,811,011 503,619,470 277,815,462

or org i 19 18,464,267 7,398,546 28,757,426 2,154,965

Drb c (93,781,036) (111,901,834) (70,736,050) (92,210,726)

adr e (108,253,613) (88,117,077) (62,601,380) (47,432,848)

or org e (3,010,623) (2,901,435) (2,849,102) (2,755,035)

F c 20 (10,610,860) (31,107,586) (10,240,168) (29,022,370)

pr br tax 21 584,576,054 154,181,625 385,950,196 108,549,448prf/(l) fr a c 4,536,336 386,475 – –

i t e 22 (103,165,860) (20,419,757) (66,482,820) (24,065,884)

pr r yar 485,946,530 134,148,343 319,467,376 84,483,564

Arbab :

eqy hdr f pr 485,946,530 134,148,343 319,467,376 84,483,564

mry ir – – – –

485,946,530 134,148,343 319,467,376 84,483,564

erg r sr - B 23 30.37 8.38





Ya dd 31st Mac 2011 sd R or Rd tc sr Rr erg

n R. R. R. R. R.

GRoup

Baa a a 01 Ar 2009 256,305,197 60,453,133 576,677 137,579,237 454,914,244

sr R f prry, p & eq – 195,784,301 – – 195,784,301

Dfrrd t Rr R sr – (16,206,391) – – (16,206,391)

Ddd – – – (8,000,000) (8,000,000)

n prf fr Yr – – – 134,148,343 134,148,343

Baa a a 01 Ar 2010 256,305,197 240,031,043 576,677 263,727,580 760,640,497

Rd R sr

prry, p & eq – (1,311,365) – – (1,311,365)Ddd – – – (48,000,000) (48,000,000)

n prf fr Yr – – – 485,946,530 485,946,530

Baa a a 31 mar 2011 256,305,197 238,719,678 576,677 701,674,110 1,197,275,662

compAny

Baa a a 01 Ar 2009 256,305,197 60,453,133 576,677 27,981,044 345,316,051

sr R f prry, p & eq – 75,115,298 – – 75,115,298

Dfrrd t Rr R sr – (8,497,039) – – (8,497,039)

Ddd – – – (8,000,000) (8,000,000)

n prf fr Yr – – – 84,483,564 84,483,564

Baa a a 01 Ar 2010 256,305,197 127,071,392 576,677 104,464,608 488,417,874

Rd R sr prry, p & eq – (1,311,365) – – (1,311,365)

Ddd – – – (48,000,000) (48,000,000)

n prf fr Yr – – – 319,467,376 319,467,376

Baa a a 31 mar 2011 256,305,197 125,760,027 576,677 375,931,984 758,573,885


statement oFchanGes in eQuitY




Gr cyYa dd 31st Mac 2011 2010 2011 2010

n R. R. R. R.

ca fw r/(d ) orag Av

n prf/(l) bfr i t e 584,576,054 154,181,625 385,950,196 108,549,448

Adj r -

aw fr Wg l 10,879,743 1,500,000 10,879,743 1,500,000

aw Wr Bk fr D v f Qd i (509,851) – (509,851) –

Dr 21 40,615,781 45,759,558 30,685,195 32,521,393

R Df prry, p & eq – 1,951,225 – 172,352

Rd R sr Df prry, p & eq (1,311,365) – (1,311,365) –

igb a ar 5 389,259 230,938 389,259 230,938

cg or f F l (228,868) – (228,868) –

i fr i 19 (7,207) (2,168) (14,616,991) (523,419)

(prf)/l s f prry, p & eq 19 (1,845,463) 23,817 (916,852) 23,817

(prf)/l D f sr 64,931 – 64,931 –

F c 20 10,610,860 31,107,586 10,240,168 29,022,370

pr fr Dfd Bf p 15 3,007,589 2,889,750 2,674,435 2,388,346

pr fr Bd & Dbf Db 21 10,161,108 46,891,180 9,681,520 45,954,495

org prf bfr Wrkg c cg 656,402,571 284,533,511 432,981,520 219,839,740

(ir)/Dr ir (31,440,811) 3,011,751 (68,675,837) 35,672,103

(ir)/Dr trd & or Rb (53,669,214) (39,248,840) (94,568,128) (18,530,728)ir/(Dr) Rd cy B (n) 26,787,290 (18,813,493) 47,372,298 (11,585,625)

ir /(Dr) trd & or pyb (108,745,910) (12,231,763) (24,525,357) (45,640,002)

c Grd fr or 489,333,926 217,251,166 292,584,496 179,755,488

F c pd 20 (10,610,860) (31,107,586) (10,240,168) (29,022,370)

Dfd Bf p c pd 15 (1,260,100) (876,492) (1,200,700) (825,830)

i t pd (49,557,519) (10,733,424) (40,371,752) (10,191,345)

n c Fw fr/(d ) org a 427,905,447 174,533,664 240,771,876 139,715,943

ca fw r/(d ) ivg Av

aq f prry, p & eq 4 (149,426,744) (53,881,432) (63,457,032) (49,559,432)

aq f igb a 5 (980,000) (2,160,727) (980,000) (2,160,727)

i sr (1,000,000) – (1,000,000) –prd fr s f prry, p & eq 4,626,627 163,393 2,391,013 163,393

prd fr D f sr 1,071,544 – 1,071,544 –

Ddd Rd 21 7,207 2,168 14,616,991 523,419

n c Fw fr/(d ) ig a (145,701,366) (55,876,598) (47,357,484) (51,033,347)

ca fw r/(d ) fag Av

Ddd pd 17 (43,813,706) (10,069,485) (43,813,706) (10,069,485)

prd fr ir-Brg l & Brrwg 14 6,975,000 79,311,929 6,975,000 79,311,929

Ry f ir-Brg l & Brrwg 14 (40,348,021) (132,840,979) (40,348,021) (118,338,229)

pr py dr F l lb 14 (11,708,531) (10,637,754) (9,770,459) (8,191,511)

n c Fw fr/(d ) Fg a (88,895,258) (74,236,289) (86,957,186) (57,287,296)

n ira/(Dra) ca & ca eqva 193,308,823 44,420,776 106,457,206 31,395,300

ca & ca eqva a bgg yar 24 44,763,288 342,512 24,055,366 (7,339,934)

ca & ca eqva a d yar 24 238,072,111 44,763,288 130,512,571 24,055,366


cash FloWstatement




1. coRpoRate inFoRmation

1.1 GeneRal

Br Fr plc (‘cy’), b qd y

rrd d dd sr lk. t rgrd ff f

cy d n. 407, G Rd, cb 03.

suBsiDiaRY companies

h cry Fr ld.

Br Fd (p) ld.

BF ld D ld.hcF ld D ld.

lk ld D ld.

Gd Rr Rr (p) ld.

sy Fr ld.

Br trdg (p) ld.

nr B (p) ld.

t r f b f h cry Fr ld. d

Br Fd (p) ld. r d Bd Rd, ekk,

py d e, py ry. a r y’

r f r b r wr

rgrd ff d.

associate companies

cff aqr vr (p) ld.

Fr G-p Fr (lk) ld.

Joint ventuRes

Rjr ld D ld.

cr trg ld D ld.

1.2 pRincipal activities anD natuRe oF opeRationst y f Gr, r rd grd ry

frg. t bdr d rd Gr

r d f Br Fr plc, w

dg y.

W rw f grd ry frg,

rd rg fr brdg f ry, rd f brr dy-

d-k, rg d rkg f w brd f Br

brr k d -, d rkg f dr rg f

rd rqrd by k r, y a rg

f df fr ud Kgd. Br Fr plc bg

r qy kd k rr w d g rg- -f--r k rg, frzg d d-

rg .

1.3 Date oF authoRisation FoR issue

t f f Br Fr plc d bdry

, fr yr dd 31 mr 2011 wr rd

fr by Brd f Drr 24 my 2011.

2.1 Basis oF pRepaRation

t f b rrd r

b. t f r rd sr lk R.

t rr d r f f r

w c a n. 07 f 2007.

2.1.1 GeneRal policies

‘t cy’ rfr Br Fr plc hdg cy

d ‘ Gr’ rfr cy d bdr.

2.1.2 statement oF compliance

t f f Br Fr plc d bdr,

d j r b rrd rd w

sr lk ag sdrd (slas).

2.1.3 GoinG conceRn

t Drr d f cy’ by

gg r d y d d r

qd r r.

2.1.4 compaRative inFoRmation

t g b y d by Gr,

d fr g g dd r

fy n 2.2 r w d r yr.

2.1.5 Basis oF consoliDation

(a) t dd f d r, d b f cy d bdr 31 mr.

t f f bdr r rrd fr

rrg yr cy.

() a ir-Gr b; r d rf & r

d d. sbdr r fy dd fr

d f q, bg d w Gr b

r, d d b dd d

r .

(c) mry r rr r f rf r d

d by Gr d r rd ry d w qy b ; ry

fr cy’ rdr’ qy.

notes to theFinancial statements




2.2 chanGes in accountinG policies

t g b y d by Gr

d r w d r yr.

2.3 siGniFicant accountinG JuDGments,estimates anD assumptions

JuDGments

i r f yg cy’ g ,

g rqrd k jdg, r fr

g , w y gf ff rgd f . Frr,

g rqrd dr ky rg

fr d r ky r f ry

b d, gf rk f g r

dj rryg f d b w

f yr. t r rryg f

d b r g rd f

. t ky r dd bw:

DeferreD TAx ASSeTS

Dfrrd r rgd fr d

rbb b rf w b b g

w b d. sgf g jdg rqrd dr f dfrrd

b rgd, bd ky g d f

fr b rf gr w fr g rg.

revIew of IMpAIrMenT of ASSeTS

t Gr drd wr d b rd by

rfrg r . t rqr f

‘ ’ f -grg . eg

rqr g k f d

fr fw fr -grg d

b d r rdr r f

fw. t rqr cy k

b d fr fw d d r, d y

r bj ry.

IMpAIrMenT LoSSeS on TrADe AnD oTher reCeIvAbLeS

cy rw rd d r rb rrg

d wr w fr r d b

rrdd f . Jdg by g

rqrd f d

r bd b br f fr d

r y dffr, rg fr g w.

estimates anD assumptions

t ky rg fr d r ky r

f ry b d,

gf rk f g r dj rryg

f d b w f yr r

dd bw. t r rryg f d

b r g rd f .

DefIneD benefIT pLAnS

t dfd bf bg d rd rg fr yr

drd g r . t r kg b d r, fr ry

r, ry r . D g-r r f

bg r bj gf ry.

Frr d r g n 15.

InvenTorY

t cy rw ry rrg d

wr w fr d b rrdd

. i rr jdg by g

rqrd f d g f fr

fw w drg f w rqrd. s

r bd br f d ry dffr, rg fr g w.

USefUL LIveS of properTY, pLAnT & eqUIpMenT

t cy rw ’ rd , f d

d f dr rrg d. Jdg by

g rd f , r,

d.

2.4 summaRY oF siGniFicant accountinG policies

2.4.1 FoReiGn cuRRencY tRanslationt f r rd sr lk R, w

cy’ f d r rry. tr

frg rr r y rrdd f rry

r rg d f r. mry d

b dd frg rr r rrd

f rry r f g rg b

d. n-ry r rd r f r

frg rry r rd g g r

d f r. t rg g r

r d fr .

| notes to the finAnciAl stAtements




2.4.2 taxation

(A) CUrrenT TAxeS

crr d b fr rr d rr

rd r rd d b rrd fr

r d cr Gr f id R. t r

d w d r r d

r by d by b d.

t r fr bd f d

dr rrd f d d

rd w r f id R a.

(b) DeferreD TAxATIon

Dfrrd rdd, g by d,

rry dffr b d bw

b f d b d r rryg

fr f rrg r.

Dfrrd b r rgd fr b

rry dffr -

wr dfrrd by r fr gdw

r r rg f r by

r b b d, f

r, ff r g rf r b

rf r ; d

r f b rry dffr d w

bdr, d r j

r, wr g f rr f

rry dffr b rd d rbb

rry dffr w rr

frb fr.

Dfrrd r rgd fr ddb

rry dffr, rry-frwrd f d d

d , rbb b rfw b b g w ddb rry dffr,

d rry-frwrd f d d d

b d :

wr dfrrd rg ddb

rry dffr r fr rg f

r by r b b, d

f r, ff r g rf

r b rf r ; d

r f ddb rry dffr d w

bdr, d r j

r, dfrrd r y rgd

rbb rry dffr w rr

frb fr d b rf w b b g w

rry dffr b d.

t rryg f dfrrd rwd

b d d rdd

gr rbb ff b rf w b b

w r r f dfrrd b d.

Dfrrd d b r rd

r r d y yr w rd

r by d, bd r (d w)

b d r by d b d.

(C) SALeS TAxeS

R, d r rgd f f

wr rrd r f

r r rrb fr r , w

rgd r f f

r r f b, d rb d yb

r d w f dd. t f

rrb d yb r f r

dd r f rb d yb b .

2.4.3 BoRRoWinG costs

Brrwg r rgd rd w

y r rrd.

2.4.4 inventoRies

ir r d wr f d rb ,

fr kg d w fr b d w-g .

n rb r w r b d

rdry r f b d f

d d ry k .

t rrd brgg r r d

d d fw:

2.4.4.1 LIveSToCk

lk rr grwg brd d yg brd. Grwg

brd r d r rrd f

yg rd. lyg brd r d r r.

t r d by g gg rd bd f

r fr kg d w fr r , rdr

wr ff r yg rd f brd.

2.4.4.2 broILer MeAT AnD eggS

Brr d r gr w rr

rr f rd wgd rg b, fr kg

d w fr wg .

egg r d r gr w rr

rr f rd wgd rg b.

notes to the finAnciAl stAtements |




2.4.4.3 poULTrY feeD, DrUgS AnD SUnDrY InvenTorIeS

pry fd, drg d dry r r d

wgd rg b fr kg d w fr b

d w-g .

2.4.4.4 TrADIng InvenTorIeS

trdg r w d r fr r d

wgd rg b.

2.4.5 tRaDe anD otheR ReceivaBles

trd rb r d y r d

r f r fr bd d dbf db.

or rb d d fr rd r r rgd

r fr bd d dbf rb.

2.4.6 cash & cash eQuivalents

c & q r dfd d, dd

d d r-r gy qd , rdy rb

kw f d bj gf rk f

g .

Fr r f fw , & q

f d d d bk f dg

bk rdrf. i w r r, .., r

r fr d f q r rd

q.

2.4.7 pRopeRtY, plant & eQuipment

(A) CoST & vALUATIon

a f rry, & q r y rrdd

. Wr f rry, & q r bqy

rd, r f rd. Rr d w ff rgry r r rryg

d dffr ry fr r fr

b d. sbq rg

, rd rry, & q r rrd

rd y bq dr r. a

r rry, & q r d r

dr d y r .

W rd, y r rryg

rdd dry r r rr

r r dr rg , w w

ry rgd . i r r rgd f r wr

dw. W ’ rryg drd r f

r, dr rgd

rr r r rg , w

rgd g y rd r r,

dr d d d r

r r f . ay b rg

r r r f , rfrrd dry

d rf rr r d f .

(b) reSTorATIon CoSTS

edr rrd rr r f rry,

& q rdr rr r fr

bf d fr rgy d drd f rfr,

rgd w rrd.

(C) DepreCIATIon

t r fr dr d by g rg-

d r f rry, & q

r frd d, rdr wr ff r

d f by q .

Dr f bg w b fr , ..,

w d d ry fr b b

f rg r dd by g.

t ’ rd , f d d f drr rwd, d djd f rr, f yr d.

2.4.8 leases

(A) fInAnCe LeASeS - where The CoMpAnY IS The LeSSee

prry, & q f , w ffy

rfr cy by f rk d bf

d wr f d r d r

fr r f wr, r f

y d dd rry, & q d

drd r rd cy d bf fr

f d .

t rrdg r yb r gr

w r yb r rd f w

by. l y r rd bw f

rg d rd f by

r f r rg b f by. F

rg r rgd, r rfd .

(b) operATIng LeASeS

l wr r ffy r by

rk d bf f wr r r r fd

rg .

R d dr rg r rgd

r rg b r

r.





2.4.9 intanGiBle assets

igb qrd ry r rd

rg . Fwg rg, gb

r rrd y d r d y

d r .

igb w f r rd r f

f d d fr r wr r

d gb y b rd. t

r rd d r d fr gb

w f f f rwd f

yr d. cg d f f r d rf f fr bf bdd

d fr by gg r rd r d,

rr, d rd g g .

t r gb w f

rgd gry

w f f gb .

igb w df f r d fr

r y r ddy r -grg

. s gb r rd.

a ry f d cy’ gb

fw:

t ca iagb u AraA l md

cr

sfwr

10 Yr srg-

d

2.4.10 investments

(A) CUrrenT InveSTMenTS

crr r d rk r wr f

d rk .

W rr r d wr f d rk

, rryg drd ggrg rf b

.

t f f q f

brkrg, f, d d bk f.

urd g d rr rrd rk

, .., rd rk d rr f rd

rqrd rf rr wr f d

rk , r rdd r rgd .

(b) Long-TerM InveSTMenTS

lg-r r d .

t f f q f

brkrg f, d d bk f.

t rryg f g-r rdd

rg d r rry f

, drd dd b.

(C) ASSoCIATe CoMpAnY InveSTMenT

i r d fr qy

d, wrby r f rf f rbb

cy d fr d f

(w w y rgd ) djd by

k .

a y w cy gf

f d w r bdry r j r.

i r f f cy,

r d fr .

(D) JoInT venTUre InveSTMenT

t cy’ r j r d fr by

rr d, w rgg

rr r f j r’ , b,

d w r cy’ f

-by- b.

i r f f cy,

j r r d fr .

2.4.11 impaiRment oF assets

t cy rrg d wr r d y b rd. if y d

, r w r g fr rqrd,

cy k f ’ rrb .

a ’ rrb gr f ’ r -

grg ’ fr d

d drd fr dd , d

gr fw r rgy dd f

fr r r gr f . Wr rryg

f d rrb , drd

rd d wr dw rrb .

ir f g r r rgd

gr w

f f rd , fr rry ry

rd wr r w k qy. i ,

r rgd qy f y

r r.





Fr dg gdw, d

rrg d wr r y d ry

rgd r y gr r y

drd. if d , cy k

f rrb . a ry rgd r

rrd y f r b g d

dr ’ rrb r

w rgd. if , rryg f

rd rrb . t rd

‘d’ rryg wd b

drd, f dr, d r b

rgd fr rr yr. s rr rgd

rrd rd

, w rr rd r

r. ir rgd r gdw r

rrd fr bq r rrb .

2.4.12 RetiRement BeneFit oBliGations

(A) DefIneD benefIT pLAn - grATUITY

Gry -y bf . pr b

d fr rr gr fr fr yr f r fr

y fry w slas 16. hwr, dr py

f Gry a n. 12 f 1983, by y ry f f yr f d r. t cy

b y gry r f r . i rdr

by, r rrd frwrd b . u

31 mr 2008, r d b d bd f-’

ry f f f yr f y fr

d yr f r, g fr fr yr f r.

Bd sr lk ag sdrd 16 (Rd 2006) -

‘ey Bf’, cy dd r

d fr y bf by 31 mr

2008. a r rrd ry r yr

r f by. t rrd by

qfd ry 31 mr 2010.

Fr Gr r Br Fr plc, by

rd bd f-’ ry f f

f yr f y fr d yr f r,

g fr fr yr f r. t rg dffr

bw brg frwrd r bgg f yr d

rrd frwrd r d f yr d w

.

t r , w gf ff

, r r f d, r f r ry,

r f rr d g, r f dby, d bfd .

fUnDIng ArrAngeMenTS

t gry by ry fdd.

(B) DeFineD contRiBution plans - emploYees’ pRoviDent FunD

anD emploYees’ tRust FunD

ey r gb fr ey’ prd Fd rb

d ey’ tr Fd rb w r

s d Rg. t cy rb 12% d 3% f

gr f y ey’ prd Fd d

ey’ tr Fd ry.

2.4.13 pRovisions

pr r rgd w cy r

bg (g r r) r f , wr

rbb fw f rr bdyg

bf w b rqrd bg d rb

b d f f bg.

2.4.14 Revenue RecoGnition

R rgd rbb

bf w fw cy d r d

d rrd r b rrd b rby rd.R rd fr f dr rd

r rb f rd d d . t fwg

f rr r d fr r f rg f r.

(A) SALe of gooDS

R fr f gd rgd w gf rk

d rwrd f wr f gd d byr; w

cy rg r g gr

dgr y d w wr, r ff r

r gd d.

(b) renDerIng of ServICeS

R fr rdrg f r rgd g

rd w r r rdrd r rfrd.

(C) DIvIDenDS

Ddd rgd w rdr’ rg

r y bd.

(D) renTAL InCoMe

R rgd r b.





(e) oTherS

or rgd r b.

n g d f r r d f

rry, & q d r -rr

dg b d fr

, g ddd fr rd d, rryg

f d rd g . o d

f rd rry, & q, rg

r rr rg rfrrd dry

d rf.

G d rg fr d r -

grg d rg fr gr f r

r w r r, r ggrgd, rrd d

rd b.

2.1.6 eFFect oF sRi lanKa accountinG stanDaRDsthat have Been issueD But not Yet eFFective

(a) t fwg drd b d by t i f

crrd a f sr lk:

- sr lk ag sdrd 44 - F ir:

pr (slas 44)

- sr lk ag sdrd 45 - F ir:

Rg d mr (slas 45)

- sr lk ag sdrd 39 - sr Bd py

(slas 39)

t ff d f slas 44, 45 d 39 w gd drg

yr b ff fr f rd bgg r fr

01 Jry 2012. t r drd b dd

d fr r f w f f rrg drd

d dr n (b) bw:

(B) Fwg rg f sr lk ag sdrdw ir F Rrg sdrd, c

f t i f crrd a f sr lk dd

w f f rrg drd wd y fr

f rd bgg r fr 01 Jry 2012. t

f f rrg drd by

dffr rg drd.





3. RevenueGr ca

Ya dd 31st Mac 2011 2010 2011 2010R. R. R. R.

sar

Gr v f s 2,903,061,498 2,347,194,727 2,094,655,256 1,806,520,931

l: v addd t (304,406,546) (244,555,383) (217,468,865) (186,666,505)

n Bdg t (43,802,280) (38,255,481) (41,350,954) (35,744,229)

trr t (90,217) (125,029) (11,025) (5,646)

R 2,554,762,455 2,064,258,834 1,835,824,412 1,584,104,551

4. pRopeRtY, plant & eQuipment

4.1 GRoup

4.1.1 GRoss caRRYinG amounts

B B add/ D/

01.04.2010 trfr trfr 31.03.2011R. R. R. R.

A c/Vaa

ld 168,402,774 9,446,975 – 177,849,749

Bdg 107,615,219 4,280,524 – 111,895,743

Bdg ld ld 9,255,000 – – 9,255,000pry sd 126,333,401 13,152,869 – 139,486,270

p & mry 63,076,835 47,140,820 – 110,217,655

eq 87,984,358 21,809,861 (182,288) 109,611,931

Frr & Fg 3,337,118 904,091 – 4,241,209

mr v 15,179,000 20,865,413 (2,810,000) 33,234,413

cr eq 2,028,564 1,255,764 – 3,284,328

583,212,269 118,856,317 (2,992,288) 699,076,298

A fa la

ld 1,250,000 – – 1,250,000

mr v 5,650,000 – – 5,650,000

eq 2,001,105 – (2,000,000) 1,105

p & mry 21,924,026 – – 21,924,026

cr eq 488,503 – – 488,503

31,313,634 – (2,000,000) 29,313,634

ta Va Drab A 614,525,903 118,856,317 (4,992,288) 728,389,932





4.1.2 in the couRse oF constRuction

B B add/ D/

01.04.2010 trfr trfr 31.03.2011R. R. R. R.

c Wrk--prgr 12,312,111 45,723,296 (13,152,869) 44,882,538

ta Gr carrg A 626,838,014 164,579,613 (18,145,157) 773,272,470

4.1.3 DepReciationB crg fr B

yr/ D/ 01.04.2010 trfr trfr 31.03.2011

R. R. R. R.

A c/Vaa

Bdg – 3,291,455 – 3,291,455

Bdg ld ld – 636,750 – 636,750

pry sd – 8,369,176 – 8,369,176

p & mry – 7,868,180 – 7,868,180

eq – 12,721,367 (4,780) 12,716,587

Frr & Fg – 363,966 – 363,966

mr v – 4,436,653 (206,343) 4,230,310

cr eq – 735,832 – 735,832

– 38,423,378 (211,123) 38,212,255

A fa lamr v – – – –

eq – – – –

p & mry – 2,192,403 – 2,192,403

cr eq – – – –

– 2,192,403 – 2,192,403

ta Dra – 40,615,781 (211,123) 40,404,658





4.1.4 net BooK values

B B 31.03.2011 31.03.2010

R. R.

A c/Vaa

ld 177,849,749 168,402,774

Bdg 108,604,288 107,615,219

Bdg ld ld 8,618,250 9,255,000

pry sd 131,117,094 126,333,401

p & mry 102,349,475 63,076,835

eq 96,895,345 87,984,358

Frr & Fg 3,877,243 3,337,118

mr v 29,004,103 15,179,000

cr eq 2,548,496 2,028,564

660,864,043 583,212,269

A fa la

ld 1,250,000 1,250,000

mr v 5,650,000 5,650,000

eq 1,105 2,001,105

p & mry 19,731,623 21,924,026

cr eq 488,503 488,503

27,121,231 31,313,634

i cr cr

c Wrk--prgr 44,882,538 12,312,111

ta carrg A prr, pa & eq 732,867,812 626,838,014

4.1.5 GRoup

t fwg wr rd 31 mr 2010 by mr aryk & c. (p) ld. dd r. t r f

r w rrd f fr ff d w w 31 mr 2010. t bdg d r

wr d rr r b d r b ry. t r rg fr r w

rfrrd r r.





t rryg f rd wd b dd f d b rrd

dr fw:c n n

Dr crryg crrygf a wr a a

c crrd c 2011 2010R. R. R. R.

ca A

ld 49,259,921 – 49,259,921 49,259,921

Bdg 77,582,655 21,997,700 55,584,955 57,914,764

Bdg ld ld 11,667,021 4,088,745 7,578,276 8,744,978

pry sd 102,394,440 39,935,194 62,459,246 68,627,585

p & mry 181,401,726 153,249,991 28,151,735 46,291,908eq 185,772,098 135,894,263 49,877,834 73,099,347

Frr & Fg 10,006,781 7,839,099 2,167,681 3,168,359

mr v 20,239,285 19,514,078 725,207 3,759,583

cr eq 10,765,244 11,316,664 (551,420) 2,139,891

A fa la

ld 1,258,014 – 1,258,014 1,258,014

mr v 6,726,087 4,197,580 2,528,507 3,536,916

eq 2,501,730 2,501,730 – 1,105

p & mry 30,490,708 8,803,253 21,687,455 24,736,526

4.1.6 Drg f yr, Gr qrd rry, & q ggrg f R. 149,426,744/-(2010 - R. 53,881,432/-). c y g R. 149,426,744/- (2010 - R. 53,881,432/-) w d drg yr fr r f

rry, & q.

4.1.7 F f w rd d b rfrrd r f dr 'c' wr

f d rfrrd cy drg yr.

4.1.8 the useFul liFe oF the assets (GRoup/companY)

Bdg or 33.3 Yr

Bdg ld ld or 10 Yr

pry sd or 16.6 Yr

p & mry or 10 Yreq or 8 Yr

Frr & Fg or 10 Yr

mr v or 6.67 Yr

cr eq or 4 Yr

n sg Brd or 10 Yr





4.2 companY

4.2.1 GRoss caRRYinG amounts

B B add/ D/

01.04.2010 trfr trfr 31.03.2011R. R. R. R.

A c/Vaa

ld 10,560,938 – – 10,560,938

Bdg 94,642,500 4,222,524 – 98,865,024

Bdg ld ld 5,130,000 – – 5,130,000

pry sd 85,818,400 13,152,869 – 98,971,269

p & mry 56,378,831 19,934,370 – 76,313,201

eq 70,952,918 11,753,181 (28,225) 82,677,874

Frr & Fg 2,946,451 693,441 – 3,639,892

mr v 12,404,000 12,673,024 (1,560,000) 23,517,024

cr eq 1,967,539 1,255,764 – 3,223,303

340,801,577 63,685,173 (1,588,225) 402,898,525

A fa la

p d mry 21,924,026 – – 21,924,026

21,924,026 – – 21,924,026

ta Va Drab A 362,725,603 63,685,173 (1,588,225) 424,822,551

4.2.2 in the couRse oF constRuction

c Wrk--prgr 12,312,111 12,924,728 (13,152,869) 12,083,970

ta Gr carrg A 375,037,714 76,609,901 (14,741,094) 436,906,521

4.2.3 DepReciation

B crg fr B yr/ D/

01.04.2010 trfr trfr 31.03.2011R. R. R. R.

A c/Vaa

Bdg – 2,900,605 – 2,900,605

Bdg ld ld – 513,000 – 513,000pry sd – 5,938,276 – 5,938,276

p & mry – 6,004,037 – 6,004,037

eq – 9,784,718 (1,470) 9,783,248

Frr & Fg – 313,129 – 313,129

mr v – 2,440,577 (112,593) 2,327,984

cr eq – 598,450 – 598,450

– 28,492,792 (114,063) 28,378,729

A fa la

p & mry – 2,192,403 – 2,192,403

– 2,192,403 – 2,192,403

ta Dra – 30,685,195 (114,063) 30,571,132





4.2.4 net BooK values

B B 31.03.2011 31.03.2010

R. R.

A c/Vaa

ld 10,560,938 10,560,938

Bdg 95,964,419 94,642,500

Bdg ld ld 4,617,000 5,130,000

pry sd 93,032,993 85,818,400

p & mry 70,309,164 56,378,831

eq 72,894,626 70,952,918

Frr & Fg 3,326,763 2,946,451mr v 21,189,040 12,404,000

cr eq 2,624,853 1,967,539

374,519,796 340,801,577

A fa la

p & mry 19,731,623 21,924,026

19,731,623 21,924,026

i cr cr

c Wrk--prgr 12,083,970 12,312,111

ta carrg A prr, pa & eq 406,335,389 375,037,714

4.2.5 cy

t fr f rry, & q w drd by f r drg f yr 2010 by mr aryk &

c. (p) ld. dd r rfr rk bd d. t r f r wr rrd f

fr ff d w 31 mr 2010. t r rg fr r w rfrrd r rr

d r df rg rr yr .

t rryg f rd wd b dd f d b rrd

dr fw:c n n

Dr crryg crrygf a wr a a

c crrd c 2011 2010R. R. R. R.

ca A

ld 6,273,718 – 6,273,718 6,273,718

Bdg 61,153,496 18,933,733 42,219,763 44,054,552

Bdg ld ld 5,770,279 2,596,626 3,173,653 3,750,681

pry sd 48,055,422 21,196,596 26,858,826 29,753,731

p & mry 151,803,733 127,390,202 24,413,531 39,593,904

eq 131,420,919 93,780,624 37,640,295 54,067,910

Frr & Fg 9,032,822 7,104,664 1,928,158 2,831,440

mr v 15,786,584 15,727,010 59,574 2,426,379

cr eq 10,643,194 10,643,194 – 2,139,891

A fa la

p & mry 30,490,708 8,803,253 21,687,455 24,736,526

4.2.6 Drg f yr, cy qrd rry, & q ggrg f R. 63,457,032/-

(2010 - R. 49,559,432/-). c y g R. 63,457,032/- (2010 - R. 49,559,432/-) w d drg yr fr r f

rry, & q.





5. intanGiBle assets (GRoup/companY)

5.1 summaRY

cr tsfwr

R. R.

c

a 01 ar 2010 3,881,963 3,881,963

aqrd drg prd 980,000 980,000

a 31 mr 2011 4,861,963 4,861,963

Ara

a 01 ar 2010 302,656 302,656

ar fr Yr 389,259 389,259

a 31 mr 2011 691,915 691,915

n Bk Va

a 01 ar 2010 3,579,307 3,579,307

a 31 mr 2011 4,170,048 4,170,048

5.2 igb qrd drg yr d R. 980,000/- d y d R. 980,000/-.

6. investment in suBsiDiaRies anD Joint ventuRes6.1 suBsiDiaRies

cry f hdg c Drr’ c Drr’irr % v* v*

2011 2011 2010 2010R. R. R. R.

n-Qd

h cry Fr ld. sr lk 100 54,000,000 176,331,259 54,000,000 124,906,260

Br Fd (p) ld. sr lk 100 3,750,000 7,098,843 3,750,000 17,663,742

lk ld D ld. sr lk 100 2,100,000 13,129,368 2,100,000 13,125,946

hcF ld D ld. sr lk 100 5,300,000 7,531,433 5,300,000 7,758,639

BF ld D ld. sr lk 100 10,540,000 63,885,017 10,540,000 63,843,793

Gd Rr Rr (p) ld. sr lk 100 2,000,000 – 2,000,000 –sy Fr ld. sr lk 100 35,000,050 256,417,711 35,000,050 158,331,482

ta n-Qd iv sbdar 112,690,050 524,393,631 112,690,050 385,629,862

aw fr D v r trry (5,750,000) (5,750,000)

ta carrg Va iv sbdar 106,940,050 106,940,050

* Dicts’ valuati Sas is nt Assts basis.

6.1.1 Brd f Drr ddd wd- b f Gd Rr Rr (p) ld., drg f yr 2001/02.

ardgy, b f cy wr d fr g fr dr. F r b d fr .





6.2 Joint ventuRes

crryg hdg crryg hdgv % v %2011 2011 2010 2010

R. R.

Rjr ld D ld. 1,495,000 50 1,495,000 50

cr trg ld D ld. 1,400,000 50 1,400,000 50

2,895,000 2,895,000

6.2.1 Rjr ld D ld. d cr trg ld D ld. d d bf f Gr.

6.2.2 companY shaRe oF Financial Details oF Joint ventuRes:2011 2010

R. R.

lg-tr a 2,909,648 2,909,648

crr a 171,015 159,344

crr lb 119,904 115,984

i 75,000 75,000

e 67,249 69,916

7. investments in associateshdg % Gr ca

crryg v crryg v

2011 2010 2011 2010 2011 2010R. R. R. R.

n-Qd

cff aqr vr (p) ld. 24 24 – – 1,789,949 1,789,949

Fr G-p Fr (lk) ld. 39.54 39.54 17,981,918 13,445,582 15,162,700 15,162,700

t n-Qd i a 17,981,918 13,445,582 16,952,649 16,952,649

aw fr D v r trry – – (1,789,949) (1,789,949)

ta carrg Va iv Aa 17,981,918 13,445,582 15,162,700 15,162,700

Drr’ v* 17,981,918 13,445,582 17,981,918 13,445,582

* Dicts’ valuati Sas is nt Assts basis.

7.1 cff aqr vr (p) ld. b rrg d Gr‘ r f wr rgd

rryg f b (by 31 mr 2004) d dd dg frr . t f fcff aqr vr (p) ld. r b d r b r rd f fr. F r

b d fr b cy .





7.2 FoRtune G-p FaRms (lanKa) ltD.

t Gr 39.54% r Fr G-p Fr (lk) ld., w d brdg f Grd pr Brd sr lk.

Fr G-p Fr (lk) ld. b y d y b g. t fwg b r rd f

fr f Gr’ Fr G-p Fr (lk) ld.:

2011 2010R. R.

sar Aa’ Baa s:

crr a 26,670,076 34,869,342

n-crr a 30,810,448 31,986,248

crr lb (34,823,825) (50,103,115)

n-crr lb (4,674,781) (3,306,893)

n a 17,981,918 13,445,582

sar Aa’ Rv ad pr:

R 54,605,381 46,276,646

prf/(l) 4,536,336 386,475

crryg a f i 17,981,918 13,445,582

8. otheR investments (GRoup/companY)

investments in eQuitY secuRities

n. f crryg mrk crryg mrksr v v v v

2011 2010R. R. R. R.

Qd

iv w n-Rad par

Dkw pr plc – – – 900,000 157,500

mr Bk f sr lk plc 2,307 357,000 106,583 357,000 43,256

Ry cr plc – – – 60,949 124,300

mw R h plc 3,500 123,931 119,000 123,931 77,000

lk W plc 42 1,712 7,140 1,712 2,625

B Dd Jwry Wrdwd plc 8,922 10,310 14,275 10,310 7,138

vk irr plc 6,200 394,358 – 394,358 –ed h lk plc – – 175,527 253,125

ta iv Qd eq sr 887,311 246,998 2,023,787 664,944

l: aw fr D v (640,313) (1,150,164)

246,998 873,623

n-Qd

a Bk ld. 200,000 1,000,000 –

1,246,998 873,623





9. inventoRies

Gr ca2011 2010 2011 2010

R. R. R. R.

lk 117,308,232 126,746,650 58,646,515 34,194,501

Brr m & egg 66,529,449 58,475,337 49,771,969 21,848,664

pry Fd & Drg 20,876,598 15,394,990 9,337,826 7,220,390

sdry sk 30,456,700 13,901,686 11,605,031 8,301,692

trdg sk 378,765 470,013 – –

235,549,744 214,988,676 129,361,341 71,565,247

10. tRaDe anD otheR ReceivaBlesGr ca

2011 2010 2011 2010R. R. R. R.

trd Rb - Rd pr (10.1) – – 24,406,616 6,129,236

- or 219,699,796 194,735,758 180,934,795 140,491,375

l: aw fr Dbf Db - or (10,721,125) (26,360,917) (4,861,504) (20,980,884)

208,978,671 168,374,841 200,479,907 125,639,727

D fr ogrwr 98,015,230 183,650,699 98,015,230 183,650,699

l: aw fr Dbf Db - ogrwr (24,490,678) (118,728,448) (24,490,678) (118,728,448)

73,524,552 64,922,251 73,524,552 64,922,251

or Dbr 55,758,642 60,807,674 47,951,128 48,452,208

l: aw fr Dbf Db - or Dbr (47,769,536) (47,769,536) (47,769,536) (47,769,536)

7,989,106 13,038,138 181,592 682,672

ad d pry 14,584,754 16,962,797 6,439,386 6,223,229

l cy offr 4,664,050 2,935,000 4,664,050 2,935,000

309,741,133 266,233,027 285,289,487 200,402,879

10.1 tRaDe Dues ReceivaBle FRom RelateD paRties

Gr ca2011 2010 2011 2010

R R. R. R. R.

trad D Rvab r Rad ca

Br Fd (p) ld. sbdry – – 24,406,616 6,129,236

– – 24,406,616 6,129,236





11. amounts Due FRom RelateD paRtiesGr ca

2011 2010 2011 2010R R. R. R. R.

h cry Fr ld. sbdry – – 12,457,730 43,829,489

Br Fd (p) ld. sbdry – – 23,965,608 28,340,797

BF ld D ld. sbdry – – 3,902,713 6,012,349

Gd Rr Rr (p) ld. sbdry – – 1,684,576 1,641,976

lk ld D ld. sbdry – – 14,359,925 14,314,447

cff aqr vr (p) ld. a 1,448,948 1,448,948 1,448,948 1,448,948

Br trdg (p) ld. sbdry – – 2,536,261 2,058,852

hcF ld (p) ld. sbdry 5,951,851

nr B idr ld. sbdry – – 49,328,655

Fr G-p Fr (lk) ld. a 39,647,232 66,434,522 36,365,299 62,059,047

41,096,180 67,883,470 152,001,566 159,705,905

l: aw d fr a d fr

- Br Fd (p) ld. – – (22,476,919) (22,476,919)

- Gd Rr Rr (p) ld. – – (1,553,457) (1,553,457)

- cff aqr vr (p) ld. (1,448,948) (1,448,948) (1,448,948) (1,448,948)

39,647,232 66,434,522 126,522,242 134,226,581

12. stateD capital (GRoup/companY)2011 2010

R. R.

Fy-pd ordry sr 256,305,197 256,305,197

(16,000,000 ordry sr) 256,305,197 256,305,197

12.1 RiGhts, pReFeRence anD RestRictions oF classes oF capital

t dr f rdry r fr r rg r ddd drd fr d r d r r

a Gr mg f cy.

13. ReseRvesGr ca

2011 2010 2011 2010R. R. R. R.

sar

R sr (13.1) 238,719,678 240,031,043 125,760,027 127,071,392

238,719,678 240,031,043 125,760,027 127,071,392

13.1 Revaluation suRplus

o prr, pa & eq

B bgg f Yr 240,031,043 60,453,133 127,071,392 60,453,133

R sr drg Yr – 195,784,301 – 75,115,298

Dfrrd t (crg/Rr) – (16,206,391) – (8,497,039)

Rd sr D trfrrd Rd prf (1,311,365) – (1,311,365) –

B d f Yr 238,719,678 240,031,043 125,760,027 127,071,392





13.2 t b r r f r rg fr r f rry, & q drbd

n 4.1.5 d 4.2.5. t rd b dry drbd rdr.

13.3 otheR ReseRvesGr ca

2011 2010 2011 2010R. R. R. R.

B bgg f Yr 576,677 576,677 576,677 576,677

add drg Yr – – – –

B d f Yr 576,677 576,677 576,677 576,677

14. inteRest BeaRinG liaBilities

14.1 GRoup

2011 2010

a a t a a tRyb Ryb Ryb Ryb

w 1 Yr fr 1 Yr w 1 Yr fr 1 YrR. R. R. R. R. R.

F l (14.1.1) 8,986,305 1,436,302 10,422,607 10,245,356 12,114,650 22,360,006

Bk l (14.1.2) 22,608,333 13,027,778 35,636,111 33,834,133 35,174,999 69,009,132

Bk ordrf (25.2) – – – 1,028,767 – 1,028,767

31,594,638 14,464,080 46,058,718 45,108,256 47,289,649 92,397,905

n-rr b r yb w 5 yr.

14.1.1 Finance leasesa nw l a

01.04.2010 obd Ry adj 31.03.2011R. R. R. R. R.

m cr Bk (mcB) 1,716,719 – (1,716,719) – –

lk oRix lg cy (lolc) 20,421,934 – (9,770,459) (228,868) 10,422,607

t F cy plc 221,353 – (221,353) – –

22,360,006 – (11,708,531) (228,868) 10,422,607

2010 2011R. R.

Gr lby 28,489,251 12,070,282

F crg ad Fr prd (6,129,245) (1,647,675)

n lby 22,360,006 10,422,607

sr:

ld a F l lb.

14.1.2 BanK loans

a l Ry a 01.04.2010 obd 31.03.2011

R. R. R. R.

Bk f cy 6,994,231 – (6,994,231) –

h n Bk (hnB) 4,000,000 – (4,000,000) –

a i ld. 58,014,901 6,975,000 (29,353,790) 35,636,111

69,009,132 6,975,000 (40,348,021) 35,636,111





sr:

ib rr d Kdd e Bg, ur b dgd g fy bd fr Bk

f cy. t rry wd by sy Fr ld. w wy-wd bdry f cy.

ib rr d G e Kr b dgd g r-r f bd fr

Bk f cy.

ib rr d s. cr e Dbg, Kdy b dgd g fy bd fr

h n Bk (hnB). t rry wd by sy Fr ld. w wy-wd bdry f cy.

ib rry, & ry d e e py b dgd g f bd fr

a i ld.

14.2 companY

2011 2010

a a t a a tRyb Ryb Ryb Ryb

w 1 Yr fr 1 Yr w 1 Yr fr 1 YrR. R. R. R. R. R.

F l (14.2.1) 8,986,305 1,436,302 10,422,607 9,060,075 11,361,859 20,421,934

Bk l (14.2.2) 22,608,333 13,027,778 35,636,111 33,834,133 35,174,999 69,009,132

Bk ordrf (25.2) – – – 1,028,767 – 1,028,767

31,594,638 14,464,080 46,058,718 43,922,975 46,536,858 90,459,833

n-rr b r yb w 5 yr.

14.2.1 Finance leases

a nw l a 01.04.2010 obd Ry adj 31.03.2011

R. R. R. R. R.

lk oRix lg cy (lolc) 20,421,934 – (9,770,459) (228,868) 10,422,607

20,421,934 – (9,770,459) (228,868) 10,422,607

2010 2011R. R.

Gr lby 26,100,130 12,070,282

F crg ad Fr prd (5,678,196) (1,647,675)

n lby 20,421,934 10,422,607

sr:

ld a F l lb.

14.2.2 BanK loans

a l Ry a 01.04.2010 obd 31.03.2011

R. R. R. R.

Bk f cy 6,994,231 – (6,994,231) –

h n Bk (hnB) 4,000,000 – (4,000,000) –

a i ld. 58,014,901 6,975,000 (29,353,790) 35,636,111

69,009,132 6,975,000 (40,348,021) 35,636,111

sr:

ib rry, & ry d e e py b dgd g f bd fr

a i ld.





15. RetiRement BeneFit liaBilitYGr ca

2011 2010 2011 2010R. R. R. R.

Dd B obga - Gra

B bgg f Yr 15,889,055 13,875,797 14,429,276 12,866,760

crg fr Yr (15.1) 3,007,589 2,889,750 2,674,435 2,388,346

py drg Yr (1,260,100) (876,492) (1,200,700) (825,830)

B d f Yr 17,636,544 15,889,055 15,903,011 14,429,276

15.1 chaRGe FoR the YeaRcrr sr c 1,371,452 1,436,808 1,038,298 935,404

ir c Bf lby 1,636,137 1,452,942 1,636,137 1,452,942

tr a Rgd drg Yr – – – –

3,007,589 2,889,750 2,674,435 2,388,346

15.2 t Rr Bf lby f Br Fr plc d by mr. py Gk, w fw br f sy f

ar (usa) d br f ar ady f ar. Dfd lby d 31 mr 2010 d r

d fw:

pRincipal actuaRial assumptions

D R 11% ..

sry ir 10% ..

sff trr 20 35 yr 10%

35 40 yr 7.50%

40 45 yr 5%

45 50 yr 2.50%

or 55 yr 1%

16. tRaDe anD otheR paYaBlesGr ca

2011 2010 2011 2010R. R. R. R.

trd crdr - Rd pr (16.1) – – 1,441,105 5,040,158

- or 173,211,080 276,787,639 155,807,475 173,226,422

173,211,080 276,787,639 157,248,580 178,266,580

sdry crdr dg ard e 67,411,719 72,581,072 55,423,720 58,931,080

240,622,799 349,368,711 212,672,300 237,197,660

16.1 tRaDe Dues paYaBle to RelateD paRties

Gr ca2011 2010 2011 2010

R R. R. R. R.

Br Fd (p) ld. sbdry – – 1,405,995 67,457

Br trdg (p) ld. sbdry – – 35,110 4,972,701

– – 1,441,105 5,040,158





17. DiviDenDsGr ca

2011 2010 2011 2010R. R. R. R.

17.1 Ddd pyb (ud Ddd) 5,822,175 1,635,881 5,822,175 1,635,881

5,822,175 1,635,881 5,822,175 1,635,881

17.2 R. 48,000,000/- ddd b drd d d fr f yr dd 31 mr 2011.

18. amounts Due to RelateD paRtiesGr ca

2011 2010 2011 2010R R. R. R. R.

hcF ld D ld. sbdry – – – 3,907,295

sy Fr ld. sbdry – – 128,932,316 85,357,062

– – 128,932,316 89,264,357

19. otheR opeRatinG incomeGr ca

2011 2010 2011 2010R. R. R. R.

i fr or i - Qd 7,207 2,168 7,207 2,168

i fr or i - sbdr – – 14,609,784 521,251

R i fr Rd pr 84,034 – 1,701,434 1,616,065

prf D f prry, p & eq 1,845,463 (23,817) 916,852 (23,817)

prf D f sr (64,931) – (64,931) –

m i 16,592,494 7,420,195 11,587,080 39,298

18,464,267 7,398,546 28,757,426 2,154,965

20. Finance costir e ordrf 1,040 2,076,273 1,040 2,075,860

F crg l lb 6,777,222 7,216,433 6,531,405 6,739,126

F crg Fd l 3,832,598 21,814,880 3,707,723 20,207,384

10,610,860 31,107,586 10,240,168 29,022,370





21. pRoFit/(loss) FRom opeRatinG activitiesGr ca

2011 2010 2011 2010R. R. R. R.

sad ar cargg/(crdg)

prd ovrad:

aw fr Wg l 10,879,743 1,500,000 10,879,743 1,500,000

aw fr Bd & Dbf Db – – – –

Dr 37,931,701 43,225,481 28,016,115 30,002,316

sff c (idg Fwg Rr Bf p c) 97,589,702 64,826,535 71,405,766 44,979,069

- Dfd Bf p c - Gry 1,534,853 1,537,298 1,201,699 1,035,894

- Dfd crb p c - epF & etF 4,054,663 3,398,408 1,917,325 1,746,531

Adra ex:

Drr’ e 9,959,355 5,026,736 9,959,355 5,026,736

lg F 848,518 897,516 848,518 897,516

D 1,588,561 369,930 1,559,566 353,930

Dr 1,275,458 1,247,067 1,260,458 1,232,067


- Dfd Bf p c - Gry 931,547 850,327 931,547 850,327

- Dfd crb p c - epF & etF 1,177,930 909,811 685,696 525,702

Drb c:

adrg c 23,885,370 13,949,811 23,885,370 13,949,811aw fr Bd & Dbf Db 10,161,108 46,891,180 9,681,520 45,954,495

Dr 1,408,622 1,287,010 1,408,622 1,287,010


- Dfd Bf p c - Gry 541,189 502,125 541,189 502,125

- Dfd crb p c - epF & etF 1,149,169 1,071,672 1,019,094 959,149

22. income tax expenseGr ca

2011 2010 2011 2010R. R. R. R.

t majr c i tax ex ar a fw:income statement

crr i tax

crr t e ordry a fr Yr (22.1) 82,855,959 30,791,103 52,447,971 26,537,496

udr/(or) pr f crr t R f prr Yr 821,411 213,001 – 207,679

Drrd i tax

Dfrrd t crg/(Rr) (22.2) 19,488,490 (10,584,347) 14,034,849 (2,679,291)

i tax ex/(i) Rrd i sa 103,165,860 20,419,757 66,482,820 24,065,884

statement oF chanGes in eQuitY

Drrd i tax Rad i cargd/crdd Dr eq:

n G R f prry, p & eq – 16,206,391 – 8,497,039

i tax ex/(i) Rrd eq – 16,206,391 – 8,497,039





22.1 a Reconciliation BetWeen tax expense anD the pRoDuct oF accountinG pRoFit multiplieDBY the statutoRY tax Rate is as FolloWs:

Gr ca2011 2010 2011 2010

R. R. R. R.

ag prf/(l) bfr t fr or 584,576,054 154,181,625 385,950,196 108,549,448

Ag pr br i tax 584,576,054 154,181,625 385,950,196 108,549,448

A sar i tax Ra (15%-35%) 87,686,408 25,968,503 57,892,529 16,282,417

adj R crr i t f pr Yr 821,411 213,002 – 207,679

i e fr t – (5,085,901) – –

n-Ddb e d or awb crd (15,128,775) 9,266,604 (9,738,556) 8,262,235

eff f Dfrrd t 19,488,490 (10,584,347) 14,034,849 (2,679,291)

eff f cg t R – 800,664 – 800,664

or 9,149,399 (613,489) 3,518,905 800,000

A ev i tax Ra 102,016,933 19,965,036 65,707,727 23,673,704

sRl 1,233,774 431,405 775,093 392,180

Dd Ddd t (84,847) 23,316 – –

crr t e Rrd i s 103,165,860 20,419,757 66,482,820 24,065,884

22.2 DeFeRReD tax assets, liaBilities anD income tax Relates to the FolloWinGs:

22.2.1 GRoup

Baa s i sa2011 2010 2011 2010

R. R. R. R.

Drrd tax lab

ard Dr fr t pr 14,045,896 9,590,427 (4,455,469) 6,398,284

R f prry, p & eq 27,591,918 29,156,040 1,564,122 –

41,637,814 38,746,467

Drrd tax A

pr fr Bd d Dbf Db (7,970,290) (15,391,067) (7,420,777) (7,421,111)

Dfd Bf p (2,763,379) (2,164,391) 598,988 3,947,391

F l (1,810,542) (3,742,803) (1,932,261) (89,714)

t l crrd Frwrd – (7,843,093) (7,843,093) 1,686,782

(12,544,211) (29,141,354)

Dfrrd i t i/(e) (19,488,490) 4,521,632

n Dfrrd t lby/(a) 29,093,603 9,605,113





Baa s i sa2011 2010 2011 2010

R. R. R. R.

22.2.2 companY

Drrd tax lab

ard Dr fr t pr 13,566,596 8,576,735 (4,989,861) 8,306,980

R f prry, p & eq 18,864,004 21,446,688 2,582,684 –

32,430,600 30,023,423

Drrd tax A

pr fr Bd d Dbf Db (4,402,827) (14,319,299) (9,916,472) (7,421,211)

Dfd Bf p (2,385,452) (2,164,391) 221,061 3,947,391

F l (1,810,542) (3,742,803) (1,932,261) (307,642)

t l crrd Frwrd – – – (2,274,828)

(8,598,821) (20,226,493)

Dfrrd i t i/(e) (14,034,849) 4,525,519

n Dfrrd t lby/(a) 23,831,779 9,796,930

23. eaRninGs peR shaRe23.1 B erg r sr d by ddg rf/( ) fr yr rbb rdry rdr by wgd

rg br f rdry r dg drg yr. t wgd rg br f rdry r dg drg yr

d r yr r djd fr gd br f rdry r dg, w rrdg g rr b .

23.2 t fwg rf d r d d B erg r sr :2011 2010

R. R.

A ud a nrar:

n prf/(l) 485,946,530 134,148,343

n prf/(l) arbb ordry srdr fr B erg r sr 485,946,530 134,148,343

2011 2010nbr nbr

nbr ordar sar ud a Dar:

Wgd arg nbr f ordry sr i ab B erg r sr 16,000,000 16,000,000

adjd Wgd arg nbr f ordry sr ab B erg r sr 16,000,000 16,000,000





24. cash & cash eQuivalents

c ca & ca eqva

24.1 FavouRaBle cash & cash eQuivalent Balance

Gr ca2011 2010 2011 2010

R. R. R. R.

c & Bk B 238,072,111 45,792,055 130,512,571 25,084,133

238,072,111 45,792,055 130,512,571 25,084,133

24.2 unFavouRaBle cash & cash eQuivalent Balances

Bk ordrf – (1,028,767) – (1,028,767)

ta ca & ca eqva r pr

ca fw sa 238,072,111 44,763,288 130,512,571 24,055,366

25. commitments anD continGencies

commitment

tr r gf b d.

continGencies

GRoup

t Gr bd lr f crd fy f R. 105,137,570 31 mr 2011.

companY

t cy bd lr f crd fy f R. 31,250,000 31 mr 2011.

GuaRantees

a rr gr f R. 50 m b g hnB bf f Gd Gr (p) ld. fr r-r .

26. assets pleDGeDt fwg rd ry fr b:

nr f a nr f lby crryg a pdgd idd2011 2010 dr

R. R.

Gr

ld a crg r ld 27,121,231 31,313,634 prry, p & eq

a F l

lby

27,121,231 31,313,634

ca

ld a crg r ld 19,731,623 21,924,026 prry, p & eq

a F l

lby

19,731,623 21,924,026





27. RelateD paRtY DisclosuRes

27.1 tRansactions With RelateD entities

27.1.1 suBsiDiaRies

Gr ca2011 2010 2011 2010

nr f tr R. R. R. R.

s – – 125,222,918 89,625,189

pr – – 113,078,774 93,820,157

R Rd – – 1,861,303 1,861,303

e irrd by pr cy – – 74,714,323 49,359,467e irrd by sbdr – – 7,620,141 1,737,144

Fd trfr – – 75,929,517 16,518,502

hg F – – 9,138,261 10,422,814

c f Dbr – – 120,989,175 80,828,967

27.1.2 associates

pr 23,260,327 9,811,363 23,260,327 9,811,363

Fd trfr – 3,000,000 – 3,000,000

27.2 tRansactions With KeY manaGement peRsonnel

t Ky mg pr f cy r br f Brd f Drr. tr w fy brf Ky mg pr r k r w Ky mg pr.

Gr ca2011 2010 2011 2010

R. R. R. R.

(a) tRansactions With KeY manaGement peRsonnel oR

theiR close FamilY memBeRs

R f pr wd by Ky mg pr 1,584,000 1,392,000 1,584,000 1,392,000

(B) KeY manaGement peRsonnel compensation

sr-tr ey Bf 9,959,355 5,026,736 9,959,355 5,026,736

28. events occuRRinG aFteR the Balance sheet Datetr b r rrg fr B s d rqr dj r dr

f .




PAGE 70 | BAirAhA FArms PLC AnnuAL rEPort 2010/11

1. shArEhoLdinG As At 31st mArCh 2011n. f n. f %

F t saele sae

1 – 1,000 2,944 742,605 4.64

1,001 – 10,000 349 1,093,600 6.84

10,001 – 100,000 74 1,954,800 12.22

100,001 – 1,000,000 14 3,929,559 24.56

ove 1,000,000 5 8,279,436 51.74

3,386 16,000,000 100.00

n. f n. f %

Caege f saele saele sae

Lcal ival 3,243 11,715,163 73.22

Lcal i 116 4,103,637 25.65

Feg ival 26 180,600 1.13

Feg i 1 600 –

3,386 16,000,000 100.00

20 mAjor shArEhoLdErs oF thE ComPAny As At 31st mArCh 2011

nae f saelen. f sae

31.03.2011 %n. f sae

31.03.2010 hlg %

1. m. m.n.m. yak 1,691,111 10.569 1,691,111 10.569

2. Pepeal Capal (Pvae) L. 1,655,800 10.349 – –

3. m. m.n.m. mbaak 1,649,317 10.308 1,649,317 10.308

4. m. m.n.m. Kal 1,641,608 10.260 1,649,708 10.311

5. m. m.n.m. ila 1,641,600 10.260 1,641,600 10.260

6. m. m.y.m. ral 810,933 5.068 810,933 5.068

7. m. F.s. ia 611,847 3.824 927,647 5.798

8. sea L. 521,300 3.258 – –

9. Eplee' sae owep t (tee - m. m.n.m. yak/

m. m.y.m. ral/ m. A.A .m. saee/m. F.A. Abeea

374,179 2.339 374,179 2.339

10. m. A.W.m.s. rafeeka 300,000 1.875 720,000 4.500

11. Glbea ieaal (Pv) L. 248,300 1.552 – –12. dFCC Vaaa Bak L./m. Caaka hae ral de sa 206,700 1.292 – –

13. Pa Aa Bakg Cpa PLC/m. L.s.A. seee 173,000 1.081 – –

14. Pepeal Ae maagee (Pv) L. 167,500 1.047 – –

15. Eplee’ t F Ba 126,000 0.788 – –

16. Cff maagee sevce (Pvae) L. 121,800 0.761 – –

17. m. m.n. sga Laaa 104,100 0.651 101,840 0.637

18. naleea ie f ilac se sce 78,100 0.488 – –

19. Vee Pae Pvae L. 77,000 0.481 – –

20. Gace Ppe (Pv) L. 74,200 0.464 – –

tal 12,274,395 76.715

oe 3,725,605 23.285

16,000,000 100.000

inVEstorinFormAtion



BAirAhA FArms PLC AnnuAL rEPort 2010/11 | PAGE 71

Year ended 31st March 2011 2010 2009 2008 2007

2. mArKEt VALuE PEr shArE (rs.)hge 525.00 43.75 18.25 19.25 17.00

Lwe 333.50 8.75 7.25 7.75 9.25

A a 31 mac 401.00 34.00 8.75 17.00 9.25

3. shArE trAdinGn. f sae tae g e yea 27,128,000 12,253,400 3,142,400 16,448,800 6,979,000

Vale f sae tae g e yea (r. ’000) 4,804,116 276,804 44,229 241,775 75,465

nbe f taac g e yea 32,124 6,537 1,956 8,130 2,502

4. rAtios And othEr trAnsACtionssaele’ F (r. m) 1,197 761 455 468 362

Eag/(L) pe sae (r.) 30.37 8.38 0.16 5.37 0.34

tve (r. m) 2,555 2,064 1,840 1,629 1,251

tve Gw (%) 24 12 13 30 10

dve pe sae (r.) 3.00 0.50 1.00 – –

ne Ae pe sae (r.) 74.83 47.54 28.43 29.24 22.60

5. mArKEt CAPitALisAtionA a 31 mac (r. m) 6,416 544 140 272 148

Investor InformatIon |




31 mac 2011 31 mac 2010r. ’000 % r. ’000 %

tve 2,903,061 2,347,195

Le: C f maeal a sevce Pcae (1,758,356) (1,735,069)

Vale Ae 1,144,705 612,126

t Eplee a reea 127,556 11.14 89,754 14.66

t Gvee a tae 431,976 37.74 303,356 49.56

t Pid Cpil

Face C Bwg 10,611 0.93 31,108 5.08

dve e saele 48,000 4.19 8,000 1.30

rid i h Bui

depeca 40,616 3.55 45,760 7.48

reeve 485,946 42.45 134,148 21.92

1,144,705 100.00 612,126 100.00

VALuE AddEdstAtEmEnt



BAirAhA FArms PLC AnnuAL rEPort 2010/11 | PAGE 73

year ended 31st march 2011 2010 2009 2008 2007r. ’000 r. ’000 r. ’000 r. ’000 r. ’000

Ic s

tve 2,554,762 2,064,259 1,839,779 1,629,263 1,251,004

ne Pf/(L) befe taa 584,576 154,182 13,551 99,086 7,405

taa (Cage)/reveal (103,166) (20,420) (6,514) (12,184) (3,528)

ne Pf/(L) afe taa 481,410 133,762 7,037 86,902 3,877

m iee – – – (303) (1,595)

Pf/(L) f Acae Cpae 4,536 386 (4,444) (1,240) –

Pf/(L) reae 485,946 134,148 2,593 85,965 5,472

Blc sh

Fe Ae 732,868 626,838 425,070 448,997 495,359

iagble Ae 4,170 3,579 1,649 – –

ivee 19,229 14,319 13,933 18,554 1,507

756,267 644,736 440,652 467,551 496,866

Ce Ae 823,010 593,618 573,051 541,072 416,263

Le: Ce Lable (320,807) (404,930) (454,103) (472,499) (460,223)

ne Ce Ae 502,203 188,688 118,948 68,573 (43,960)

tl a L: Cu Libilii 1,258,470 833,424 559,600 536,124 452,906

L:

Lg-te Lable (14,464) (47,290) (86,827) (45,148) (59,522)

defee Lable (46,730) (25,494) (17,859) (23,045) (18,317)

defee Ga – – – – (8,755)n a 1,197,276 760,640 454,914 467,931 366,312

sh Cpil d r

sae Capal 256,305 256,305 256,305 256,305 –

sae Capal – – – – 160,000

sae Pe – – – – 96,305

revala reeve 238,720 240,031 60,453 60,062 49,280

Capal reeve 577 577 577 577 577

revee reeve 701,674 263,727 137,579 150,987 55,367

1,197,276 760,640 454,914 467,931 361,529

A: m iee – – – – 4,783

1,197,276 760,640 454,914 467,931 366,312

FiVE yEArsummAry




notiCE oFmEEtinG

notiCE is hErEBy gve a e t-s Aal Geeal meeg

f Baaa Fa PLC wll be el a e ’Ga Ball’, Galaa

hel, 64, L ra, Clb 1, a 11.30 a.. tea e

12 jl 2011 f e fllwg ppe:

1. t eceve a ce e Aal rep f e Ba f

dec e Affa f e Cpa a e facal

aee f e ea ee 31 mac 2011 a e rep

f e A ee.

2. t pa e a el e belw e-elec a a

dec, deaaa Pf. m.t.A. Fka w eace e age

f 70 ea e f sec 211 f e Cpae Ac n. 07

f 2007:

“resoLveD a deaaa Pf. m.t.A. Fka w eace

70 ea f age, be a eeb e-elece a a dec f e

Cpa a eeb eclae a pve f sec 211

f e Cpae Ac n. 07 f 2007 a e age l f 70 ea

efee sec 210 f e Cpae Ac all appl

deaaa Pf. m.t.A. Fka.”

3. t pa e a el e belw e-elec a a

dec, deaaa C.P. e slva w eace e age f 70 ea

e f sec 211 f e Cpae Ac n. 07 f 2007:

“resoLveD a deaaa C.P. e slva w eace 70 ea

f age, be a eeb e-elece a a dec f e Cpa

a eeb eclae a pve f sec 211 f e

Cpae Ac n. 07 f 2007 a e age l f 70 ea


deaaa C.P. e slva.”

4. t pa e a el e belw e-elec a a dec,

deaba n.s. jab w eace e age f 70 ea e f

sec 211 f e Cpae Ac n. 07 f 2007:

“resoLveD a deaba n.s. jab w eace 70 ea f

age, be a eeb e-elece a a dec f e Cpa

a eeb eclae a pve f sec 211 f e

Cpae Ac n. 07 f 2007 a e age l f 70 ea


deaba n.s. jab.”

5. t e-elec a a dec, m. mbaak nalee w ee b

a e f Acle 87 a 88 f e Acle f Aca

f e Cpa.

6. t ae e dec eee a f e

eg ea.

7. t e-app me E & yg, Caee Acca a A

f e Cpa a ae e dec eee e

eea.

B oe f e Ba,

BAirAhA FArms PLC

(Sgd.)

P W CorPorAtE sECrEtAriAL (PVt) Ltd.

dec/seceae

24 ma 2011

Clb

notes 1. A member is entitled to appoint a proxy to attend and vote instead of

himself/herself and a proxy need not be a member of the Company.

2. A Form of Proxy is enclosed herewith for this purpose.

3. The instrument appointing a proxy must be deposited at the Registered Office of the Company, 2nd Floor, No. 407, Galle Road, Colombo 3 not less

than forty-eight hours before the time fixed for the Meeting. The envelope

in which the Proxy Form is enclosed must be marked with the words

'Annual General Meeting' on the top left hand corner of the envelope,

and the envelope must be addressed to Secretaries, Bairaha Farms PLC,

2nd Floor, No. 407, Galle Road, Colombo 3.

4. Shareholders/Proxyholders attending the Meeting are requested to bring

their natioal Idetity Cards and post the Attendance Slip (Business

Reply Card) enclosed herewith to the Company to reach them not less

than forty-eight hours before the time fixed for the Meeting.



BAirAhA FArms PLC AnnuAL rEPort 2010/11

Form oFProxy

i/We* ..............................................................................................................................................................................................................................

........................................................................................................................................................................................................................................

f ....................................................................................................................................................................................................................................

beg a saele/* f Baaa Fa PLC eeb app: ..................................................................................................................................

............................................................................................. f .........................................................................................................................................

...........................................................................................................................................................................................................................................

........................................................................................................................................................................................................ falg /e*

mae ta Aae Fka f Clb falg *

yak nalee f Clb falg *

ral yakb f Clb falg *

Caa Paaa e slva f Clb falg *

nwfel sal jab f Clb falg *

ila nalee f Clb falg *

Kal nalee f Clb falg *

mbaak nalee f Clb

a /* p epee e/* a ve /* bealf a e t-s Aal Geeal meeg f e Cpa be

el a e ’Ga Ball’, Galaa hel, 64, L ra, Clb 01, a 11.30 a.. tea e 12 jl 2011 a a a ae

eef a a eve pll wc a be ake ceqece eef.

f agi

1. t eceve a ce e Aal rep f e Ba f dec a e facal aee

gee w e rep f e A ee f e ea ee 31 mac 2011.

2. t pa e a el e e e 2 f e nce f meeg f e e-elec f

deaaa Pf. m.t.A. Fka, w ve 70 ea f age, a a dec f e Cpa.


deaaa C.P. e slva, w ve 70 ea f age, a a dec f e Cpa.


deaba n.s. jab, w ve 70 ea f age, a a dec f e Cpa.

5. t e-elec a a dec m. mbaak nalee, w ee b a a e Aal Geeal meeg,

e f Acle 87 a 88 f e A cle f Aca.6. t ae e dec eee a a e k f g e ea ee

31 mac 2011 a p e ae f e e Aal Geeal meeg.

7. t e-app me E & yg, Caee Acca a A f e Cpa a

ae e dec eee e eea.

i we /* a ....................................... a f .......................................................................................... tw ta a Eleve.

* Delete whichever is inapplicable.

.................................................

sgae f saele/*

notes: 1. A proxy need not be a member of the Company.

2. Instructions as to completion of Form of Proxy appear overleaf.



BAirAhA FArms PLC AnnuAL rEPort 2010/11

instruCtions For ComPLEtion1. t F f P be epe a e regee offce, 2 Fl, n. 407, Galle ra, Clb 03 le a f-eg

befe e e fe f e meeg. te evelpe wc e P F ecle be ake w e w 'Aal Geeal

meeg' e p lef-a ce f e evelpe, a e evelpe be aee seceae, Baaa Fa PLC, 2 Fl,

n. 407, Galle ra, Clb 03.

2. i pefecg e F f P pleae ee a all eal ae legble.

3. if w app a pe e a e Caa ( falg , e f e dec) a P pleae e e

eleva eal.

4. Pleae cae w a 'x' e pace pve w p ve eac el. if ca gve, e P /e

ce wll ve a e/e k f.

5. i e cae f a Cpa/Cpa e P be e C seal, wc l be affe a aee e ae

pecbe b Acle f Aca.

6. i e cae f a p ge b a Ae, e gal Pwe f Ae be epe a e regee offce f ega.

7. i e cae f le e F f P be ge b e f le.

| form of Proxy



Corporate InformatIon

Company regIstratIon no.

pQ 122

regIstered offICe2 fl, n. 407, gll r, Clb 03.

tlh: 2575255 tlx: 2575256

Wbi: www.bihlk.c

e-il: [email protected]

dIreCtors

d p. m.t.a. fkh - Chi |

m. ykh nl - mi dic

m. ril ykb - exciv dic |

d C.p. silv | dhb n.s. Jbi

m. Il nl | m. Kil nl |m. mbk nl

audItors

m e & y, Ch acc,

n. 201, d s plc, Clb 10.

seCretarIes & regIstrars

p W C scil (pv) L.,

n. 3/17, K r, Clb 08.

tlh: 011 4640360

maIn BanKers

a Iv L.,

n. 480, gll r, Clb 03.

Bk Cl, C Bch,

n. 4, Bk Cl mwh, Clb 01.



BAIRAHA FARms PLC

2nd Floor, No. 407, Galle Road, Colobo 03.

Telephone: 2575255 Telefax: 2575256

Webite: www.bairahalk.co

E-ail: [email protected]

Thi Bairaha Far PLC Annual Report hab d d b d

BAIRAHA FARMS PLC - Annual report 2010

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