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Cargills Annual Report 2009 Final

Cargills Annual Report 2009 Final

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Published by Shafin Ahmed

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Published by: Shafin Ahmed on Nov 08, 2009
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08/03/2010

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Who we are
Cargills (Ceylon) PLC is a Sri Lankan corporateestablished in 1844 and built on a strong founda
t
on of values and ethics. Guided by trusted leadership itspearheads the sustainable development of the foodindustry in Sri Lanka. The Company has a strong focuson innova
t
on and development of people andprocesses.Its con
t
nuous investment in retail has made the Cargillsretail arm Cargills Food City the largest retailer in theisland in all categories. Pursuing innova
t
on and foodsafety its three manufacturing brands Cargills Supremo(processed meats) Cargills Kist (processed fruits andvegetables) and Cargills Magic (ice cream and dairyproducts) lead sectoral growth. Its KFC franchise is thelargest interna
t
onal restaurant chain in Sri Lanka.Through its marke
t
ng and distribu
t
on arm spreadacross the 23 districts Cargills distributes itsmanufactured brands as well as interna
t
onallyrenowned food and non-food brands.The Cargills agribusiness model has gained globalrecogni
t
on for linking the farmer to the market througha sustainable and inclusive value crea
t
on process. TheCompany is rated among the top ten business en
tt
es inSri Lanka and was awarded the Pla
t
num band forCorporate Sustainability in 2009.
Vision
To be a global corporate role model in community –friendly na
t
onal development.
Mission
Serve the rural community, our customers and all otherstakeholders, through our core business – food with love – and other related businesses, based on the three mainprinciples of  – reducing the cost of livingenhancing youth skills – bridging regional disparityby enhancing local and global markets.
Cargills (Ceylon) PLC
 
 
Financial highlights.........................................................................................................................2 Our businesses.........................................................................................................................3 Chairman’s statement.........................................................................................................................4 - 5
Prole of Directors
.........................................................................................................................6 Corporate governance.........................................................................................................................7
Audit & Remuneraon Commiee reports
.........................................................................................................................8Risk management.........................................................................................................................9 
Sustainability reporng
.........................................................................................................................10 - 11 
Financial informaon
.........................................................................................................................13 - 46 
Statement of value added
.........................................................................................................................47
Five year nancial summary
.........................................................................................................................48Our network.........................................................................................................................
 
49
Investor relaons supplement
.........................................................................................................................50 -51
Noce of Annual General Meeng
.........................................................................................................................52
The proxy form is on page 53
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