Page 4 - 2596-CA SR Lanka- Annual Report 2022

CONTENTS

Vision and Mission .....................................................................................3
About the Report .......................................................................................4
Key Milestones for 2022 ...........................................................................5
About the Institute .....................................................................................6
Our Socio Economic Impact .....................................................................7
Financial Highlights ....................................................................................8
President’s Message ...............................................................................10
Chief Executive Officer’s Review ............................................................14
Past Presidents ........................................................................................17
The Council ..............................................................................................18
Management Team .................................................................................23
Strategy Report
Value Creation Model ..........................................................................26
Understanding Stakeholders’ Expectations ........................................28
Members ..........................................................................................28
Students ...........................................................................................30
Corporates ........................................................................................32
Regulators ........................................................................................33
International APEX Bodies ................................................................34
Other Professional Organisations .....................................................35
Strategic Partners .............................................................................36
Employees ........................................................................................37
Strategic Imperatives ..........................................................................38
Value Creation Report
Operating Environment ........................................................................40
Managing Risks ...................................................................................41
Delivering Stakeholder Value ..............................................................44
Financial Review .....................................................................................71
Governance report ..................................................................................73
Report of the Governance and Audit Committee (GAC) .........................77

FINANCIAL INFORMATION

Statement of Responsibility of the Management ................................. 79
Independent Auditor’s Report .............................................................. 80
Statement of Financial Position ............................................................ 82
Statement of Comprehensive Income ................................................. 83
Statement of Changes in Funds and Reserves .................................... 84
Statement of Cash Flows ..................................................................... 85
Notes to the Financial Statements ....................................................... 86
F.B. Lander Prize Fund ....................................................................... 111
CYRIL E. Begbie Memorial Prize Fund ............................................. 112
Ten Year Summary .............................................................................. 113
Appreciation ........................................................................................ 114
Regional Information Centres ............................................................. 115
Notes .................................................................................................. 116

2 CA SRI LANKA | Integrated Annual Report 2022