Final TPL Properties AR 2017 Part 1

133 Pages·2017·9.61 MB·English

Progress through
Innovation

CONTENTS
COMPANY PROFILE
Vision and Mission 04
Core Values 06
Sustainability 10
Group Profile 15
Membership of Industry 17
Company Information 18
Organogram 19
CEO’S MESSAGE 22
PROFILE OF DIRECTORS 24
STAKEHOLDER'S INFORMATION
Horizontal Analysis 31
Cash Flow Analysis 33
Vertical Analysis 34
Ratio Analysis 36
Statement of Value Addition 37
DIRECTOR'S REPORT
Country Economic Outlook 38
Business Review 38
Company Outlook 39
Going Forward 39
Financial Review 40
Dividend 41
Credit Rating 41
Key Financial Data for the last Six Years 42
Auditors 43
Director’s Training 43
Statement on Corporate and Financial Reporting Framework 43
Pattern of Shareholding 44
Additional Information 46
Board Meetings 47
Acknowledgments 47
FINANCIAL STATEMENTS
Auditor’s Review Report 58
Statement of Compliance with CCG 59
Auditor’s Report to the Members 62
Balance Sheet 63
Profit and Loss Account 64
Cash Flow Statement 65
Statement of Changes in Equity 66
Notes to the Financial Statements 67
CONSOLIDATED FINANCIAL STATEMENTS
Auditor’s Report to the Members 89
Consolidated Balance Sheet 90
Consolidated Profit and Loss Account 91
Consolidated Cash Flow Statement 92
Consolidated Statement of Changes in Equity 93
Notes to the Consolidated Financial Statements 94
SHAREHOLDERS'INFORMATION
Notice of Annual General Meeting 123
Statement of Material Facts 125
Proxy form 128

Vision
To be region’s premier property developer providing world-class
infrastructure and quality to investors, supported by the country’s leading
team of professionals.
To set the benchmark for other developers to follow.

Core Values
CORPORATE SOCIAL RESPONSIBILITY:
TPL Properties is committed to being a sustainable and
responsible organization. We believe in giving back to the
environment we operate in and will make sure that we keep
doing so in the future.
INNOVATION:
We are focused on talented employees effectively applying
advanced technology and innovative solutions to make the
community a better place in which to live.
EQUAL OPPORTUNITY EMPLOYER:
TPL Properties does not discriminate against any employee or
job applicant because of their race, color, religion, national origin,
sex, physical or mental disability or age.
INTEGRITY:
We are accountable for the highest standards of conduct,
including honesty, productivity and fairness in all aspects of our
work. We fulfill our commitments as responsible citizens and
employees.
EXCELLENCE:
We deliver excellence, strive for continuous improvement and
respond vigorously to change.
MAXIMUM STAKEHOLDER RETURN:
We are focused on creating sustainable value for all stakeholders.
RESPECT:
We consistently treat stakeholders with respect, take pride of
their contributions to the business and understand their needs.