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    Guyana Sugar Corporation Inc.
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    GUYSUCO ANNUAL REPORT

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    GUYSUCO ANNUAL REPORT

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    4K views28 pages

    1983

    Uploaded by

    Guyana Sugar Corporation Inc.
    GUYSUCO ANNUAL REPORT

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 28
    GUYANA SUGAR CORPORATION LIMITED « ‘REPORT ACCOUNTS 182 contents PAGE uvsuco's mission a ‘BOARD OF DIRECTORS 2 ‘CHAIRMAN'S STATEMENT re REVIEW OF OPERATIONS 20 [REPORT OF AUDITORS Bo FINANCIAL REPORT 2-32 [STATEMENT OF EMPLOYMENT & COMMUNITY COSTS 2 ‘GUYANA SUGAR CORPORATION LATED GUYSUCO’S MISSION — “The Mision of Goymeo isto transform » moneclura oF nintion into ives srvindustey, which will not nly ‘conti to the Nation's foreign exchange earings, tt will Imavimise te tenaSts of the frcgn exchang cost ofthe Corporation by utilising resourens to pre crops which sl up the Nation ints import ubaiton programe. [As on elficiane sg busines, 1 Mision wil be to demon: state fo the communities in whichis operating unis are located, the teebnaues developed forte eutvation of arous ‘rops. At» wal develop ago busines: the Corporation will, ths comtinsasiy see te efi is products and touts the by-preduce of operations for verte intgrsstion and In it sctvtie the Corporation wit wok for greater partcins tion and invlvment of ll the people who compris its work ore in shaving it bjetves which have been ttn cons- ‘nance wih the ilasophy and spinon: of the Nation. GUYANS sLoAR CORPORATION LmirEO BOARD OF DIRECTORS oe — coe 118 avs, CoH, MA, BSe, Yee ian "Yeau Persaud, CoH, FOCA, ute 45 L Brownman, DECIAF, BSc, MSe, DPA, 8 Chanda, DECIAF. AY Luck AA, FA 1 MeDonals, MA, F ‘ude, A, Se, 0 Pi, WE H Tynit 4 eA VM Youn Kong, 88 Senn Cs Laan CHAIRMAN’S STATEMENT FINANCIAL RESULTS ‘As far a Goeoomantl growth Is coneemed, 1989 hos proved beter than he previous year: production fl sigan, ysis continued poor, pics continued to fal the os feild and expeiened stat continued sated, A cepresing opening to my staterint uti it ny hope that by the time Fconchde wil have e etd ringing ome to our readers 8 rumber of ra tnd poste indestors whieh matelised and which have rua reninin fer on the Indus and itr workers, to decnunt sugar procesds in ont allot the ate focsgn exchenge probems whieh faced the Nation. The subsidy on local auger sles borne by the Corporation mounted to S20.1M, compared with $32.20 in 1982, representing 92.7% of he yur’ operating doit ile nocapital expenditure nar approvdfor the Corpor tion In the 1989 National Budget, 1 wae cts {0 spend $8.40 primary on the competion of untied prolets begun in 1982, swell as on emergencies which rose during the yet, Borowing atthe end of the year ‘ood a 5208.0N, $1265§ more than that athe end of amounted 10 S216 M. However, this amounted 10 S10. les than shat of 1982. This retin wae st tube inthe mln, othe increased Eautypatipstion by Cental Goverentin 1982 Net intrest charge for the ye “The foregoing very ray highliahs the ey operating rats ofthe Guyane Soap Corpraion Limited forthe the future hols forthe Guyane Sopa Industry must be vestins frat inthe mind of rear Tort eed. What Fes beind these figures ond what “The poor sate f au euipment in oth the eivaion 1a fetes, pinay tothe wholly nade eves cata expenditure avalel t the Instr aot only in 1983, bt ao bn the imadiats preceeding yeas was { parclaty severe problem, This sation had riches Oo ta are, eset wht we ery arculurl uipment, vr it improvement in periomance was achieed, notwithstanding te hey Intetin of spare pars. Keepiog this fat in operation ‘CHAIRMAN’S STATEMENT Contin SSS 1, sol compaction, lof wbieh whan add 0 the lw chlevment in mechanical lige have had an averse ete on the Corporation's yale, The Int peor mance, should thee waster conditions continu, ould be enhanced with a bere Het of puta equipment, herby performance, espa in field rab ‘auld be maximise ering the few oppartniy days, ‘The tot cantons suger ratio has ben source of rat concen. The detroratan inthis productivity aio, that forte second erop the highest on ecord, wa thas the most diturbing feature of 9 1983 operations. Caustve factors include, in sdton to the foraging, ve stat of ‘ur ane ranspot fies retors and pute an a ‘oces,a5l a the quit of cae cot. speci com: mittee hat been spina to lok ita thi tone cana) {ons sir problem an itis hoped that 1084 would sot In thie atlo mens adational sugar, erste revenue ad Improved productivity Pris contind 10 deli stect since 1980; the average Dre for a fon of supa in 1883 apratoted 8 25.2% ection oer that resived in 1980, uring thi perio, the fea sling press ramsinac constant, the probe therefore somming soley from the expart makes, Word prices, exchange rts, naive CAE war all aoe problis lass prices showed sane recover in 1983 ‘ur fctras wer saricuty hamgered by te dled eipt of sar pas, Mit a mechani was inrodueed ‘Tee Corporation continued to at experienced tat both at unio and slo lov. Asin the pst, mplacomant

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