About this Report

This Annual Report is providing our stakeholders a holistic view of our strategy and performance during the financial year 2017/2018. Through this reporting, we aim to provide our stakeholders information that we believe is of material interest in making an informed assessment of our ability to create value over the short, medium and long-term. The Report includes material information relating to strategy, governance, performance, market risks and opportunities.

Scope and Boundary

This Report covers the operations of Raigam Wayamba Salterns PLC (RWS) and its operating subsidiary Southern Salt Company (Pvt) Limited (SS) from April 1, 2017 to March 31, 2018.

Standards and Principles

The annual financial statements have been prepared based on the principles and/or requirements of the Sri Lanka Accounting Standards (SLFRS/LKAS). The Report also complies with the requirements of the Companies Act No. 7 of 2007, the Listing Requirements of the Colombo Stock Exchange (CSE) and the Code of Best Practice on Corporate Governance issued by the Institute of Chartered Accountants of Sri Lanka and the Securities and Exchange Commission. The sustainability reporting also complies with the Environmental, Social and Governance (ESG) reporting guidelines published by the CSE.

Materiality

In determining content to be included in this Report, we have considered matters that are of interest to current and prospective investors as well as other stakeholders who wish to assess our ability to deliver value. These material topics form the anchor of this Report and have been identified through numerous stakeholder engagement platforms, as discussed in this Report.

External Assurance

A combined assurance model is used to ensure that the credibility and integrity of our reporting. External assurance on the financial statements has been provided by Messrs. Ernst and Young. The Company’s Audit Committee also monitors adequacy and effectiveness of the financial reporting and internal control systems.

We have presented chapters of Annual Report as Follows

² About Us (6-17)

² Our leadership team (18-31)

² Our strategy in delivering sustainable shared value (32-43)

² Our approach to governance (44-59)

² Our key risk exposures and how we manage them (70-71)

² Our Perfomance and Position (76-117)

Feedback

We welcome your feedback on our Annual Report and encourage you to put forward any suggestions you may have in terms of what you would like to see in our next Report. Please direct your feedback to,

Deputy General Manager - Finance (Group) Raigam Wayamba Salterns PLC

No: 23, Walukarama Road, Colombo 03. Email: janaka@raigam.lk