Top honours for Commercial Bank, Hayleys and DIMO at CA Sri Lanka’s 53rd Annual Report Awards


Winner of the overall excellence in financial reporting at the 53rd Annual Report Awards Commerical Bank PLC accepting the award from Prime Minister Ranil Wickremesinghe. Also in the picture are Dr. Indrajit Coomaraswamy and Lasantha Wickremasinghe

Commercial Bank of Ceylon PLC won the coveted ‘Cyril Gardiner Memorial Trophy’ Gold Award for Overall Excellence in Annual Financial Reporting at the grand finale of the 53rd Annual Report Awards Competition organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

Hayleys PLC came in second, bagging the silver award for overall excellence in financial reporting, while Diesel & Motor Engineering PLC (DIMO) won the bronze award in the same category.

Leading blue chip companies, conglomerates to SMEs and small time community groups were honoured at a gala ceremony held on December 05 for their excellence in financial reporting, which was held under the patronage of Prime Minister Ranil Wickremesinghe.

Commercial Bank also won gold under the Management Commentary Award, while DIMO won silver and People’s Leasing & Finance PLC won bronze. The Corporate Social Responsibility Reporting category gold award was won by People’s Leasing & Finance, while Mercantile Investments & Finance PLC won the silver and National Development Bank PLC (NDB) won the bronze. NDB also won gold for Corporate Governance Disclosure, while Union Assurance PLC won silver and Hatton National Bank PLC (HNB) won bronze.

DIMO also won the gold award for Integrated Reporting, while L B Finance PLC won silver and John Keells Holdings PLC (JKH) won bronze. The Best Disclosure on Capital Management in the Integrated Reporting category was won by L B Finance which was awarded with a gold, while Commercial Bank received the silver and DIMO bagged the bronze. Peoples Leasing & Finance won gold for Best Disclosure on Business Model under the Integrated Reporting category, while JKH won silver and Hayleys won bronze.

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