Top firms win CMA Excellence in Integrated Reporting Awards

Wednesday, 18 September 2019 00:20 - - {{hitsCtrl.values.hits}}

A host of top companies last week bagged CMA Excellence in Integrated Reporting Awards.

Overall winners were Diesel and Motor Engineering PLC and John Keells Holdings PLC. The First Runner-up Award was won by LB Finance PLC and the Second Runner-Up title was shared by National Development Bank PLC and Softlogic Life Insurance PLC which also won the Merit Award for Integrated Thinking.

Chief Guest at the awards ceremony was Speaker Karu Jayasuriya and Keynote Speaker was Prof. Mervyn E. King SC, Chair Emeritus of the International Integrated Reporting Council (IIRC), The Global Reporting Initiative (GRI), and former Judge of the Supreme Court of South Africa. CMA Sri Lanka President Prof. Lakshman R Watawala presided at the event held along with the inauguration of the CMA National Management Accounting Conference 2019 and Commonwealth Accountants Conference.

The 10 Best Integrated Reports winners were Aitken Spence PLC, Diesel and Motor Engineering PLC, Hatton National Bank PLC, HNB Assurance PLC, John Keells Holdings PLC, Lanka IOC PLC, LB Finance PLC, Mercantile Investment and Finance PLC, National Development Bank PLC, National Savings Bank and Softlogic Life Insurance PLC.

The following won the sectoral awards – Banking: National Development Bank PLC; Finance and Leasing: LB Finance PLC; Insurance: Softlogic Life Insurance PLC; Manufacturing Industry: Lanka Walltiles PLC; Trade and Commerce: Access Engineering PLC; Diversified Holdings: Diesel &Motor Engineering PLC/John Keells Holdings PLC; State-Owned Enterprises/Companies: National Savings Bank; Hotels and Travels: Aitken Spence Hotel Holdings PLC; Plantations: Talawakelle Tea Estates PLC; Healthcare: The Lanka Hospitals Corporation PLC; Power and Energy: Lanka IOC PLC; Small and Medium Enterprises: Ceylon Tea Brokers PLC; Non-Governmental Organisations (NGOs)/Not for Profit Organisations (NPOs)/Chambers of Commerce/Educational Institutes: Association of Accounting Technicians of Sri Lanka.

Special Awards were as follows – Conciseness: Diesel & Motor Engineering PLC; Capitals: LB Finance PLC; Materiality: Diesel &Motor Engineering PLC; Value Creation: John Keells Holdings PLC; Strategic Focus: LB Finance PLC; Most Improved Integrated Report: National Development Bank PLC; SDG Reporting: Diesel & Motor Engineering PLC/John Keells Holdings PLC; Diversity Reporting: John Keells Holdings PLC.

Certificates of Merit were as follows: Regnis (Lanka) PLC, Peoples Leasing and Finance PLC, Lanka Walltiles PLC, Talawakelle Tea Estates PLC, Access Engineering PLC, Ceylinco Life Insurance Ltd., Commercial Bank PLC, The Lanka Hospitals Corporation PLC, Bank of Ceylon, Aitken Spence Hotel Holdings PLC, People’s Insurance PLC, Alliance Finance Company PLC, Seylan Bank PLC, Ceylon Tea Brokers PLC and Association of Accounting Technicians of Sri Lanka.