Chairman’s and Financial Manager’s Responsibility Statement
The Financial Statements of Ceylon Fertilizer Co. Ltd.
periodic audits conducted by company’s internal
As at 31st March 2017 are prepared and presented
auditors. However, there are inherent limitations that
in compliance with the requirements of the following.
should be recognised in weighing the assurances provided by any system of internal controls and
²
Sri Lanka Accounting Standards issued by the
accounting.
Institute of Chartered Accountants of Sri Lanka; The Audit Committee of the Company meets ²
Companies Act No. 07 of 2007;
periodically with the Internal Auditors and the
²
Code of Best Practice on Corporate Governance
Independent Auditors to review the effectiveness of
issued by General Treasury
the audits, and to discuss auditing, internal control
We confirm that the significant accounting policies used in the preparation of the Financial Statements are appropriate and are consistently applied, as described in the Notes to the Financial Statements. The prescribed Accounting Standards have been adopted without any deviations. The significant accounting policies and estimates that
and financial reporting issues. The Auditor General and the Internal Auditors have full and free access to the Audit Committee to discuss any matter of substance. The Financial Statements were audited by the Auditor General to the Democratic Socialist Republic of Sri Lanka
involved a high degree of judgment and complexity were discussed with the Audit Committee and the Auditor General. We have also taken proper and sufficient care in
Amarananda Abeygunasekara Chairman
installing systems of internal control and accounting records, to safeguard assets, and to prevent and detect frauds as well as other irregularities. These have been reviewed, evaluated and updated on
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an ongoing basis. Reasonable assurances that the
Priyantha Samaraweera
established policies and procedures of the Company
Finance Manager
have been consistently followed were provided by
23th October 2018
CEYLON FERTILIZER COMPANY LIMITED
Annual Report 2018
