CA Sri Lanka’s prestigious Annual Report Awards makes a comeback this year

Chairman of the Colombo Stock Exchange Dumith Fernando presenting the sponsorship cheque to President of CA Sri Lanka Manil Jayesinghe

In its continuing determination to crown the most brilliant financial reports produced in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will present the prestigious Annual Reports Awards competition this year, incorporating new concessions on account of COVID-19, whilst also automating the marking system for the first time in the competition’s history.

Applications for the 56th Annual Report Awards competition 2021 will be accepted from 15th August 2021 onwards. Organisations ranging from multinationals to blue-chip companies, conglomerates, small and medium businesses, state corporations, statutory bodies and even NGOs and NPOs which produce annual reports can vie for this year’s top honours.

Known to promote transparency, corporate governance, sustainability and social responsibility, the competition’s grand comeback this year was announced at a press conference on Tuesday.

At the press conference, the Colombo Stock Exchange also officially came onboard as the Strategic Partner for the seventh consecutive year of the Annual Report Awards competition.

The Annual Report Awards commands a history of over half a century, but following COVID, the Institute decided not to proceed with the competition last year on grounds that the competition would not yield the required benefits for the participating companies due to the challenges stemming from the pandemic and the related crisis.

At this year’s competition, apart from the overall winners, as well as the special awards for corporate governance, corporate social responsibility and integrated reporting, awards will be presented under 26 categories, where the winning companies will receive gold, silver and bronze awards.

The competition is open to organisations representing banking, diversified holdings, finance & leasing, insurance, trading, investment banking, food and beverage, healthcare, hotels, land & property, manufacturing, motor companies, service organisations, telecommunications, unit trusts, media and entertainment, state corporations & statutory bodies, plantation, constructions, power & energy, SMEs, NPOs and NGOs.