colombo stock exchange

Topics: Stock market, Stock, Stock exchange Pages: 309 (23258 words) Published: November 17, 2013
All Share Price Index (ASPI)
Milanka Price Index (MPI)

Setting Strategy in Motion
The ‘skyline’ of Sri Lanka is constantly evolving. In fact, the past few years has seen dramatic change sweep across the Nation as post-war development initiatives kick in. These initiatives are seen in most spheres of activity. Making it all happen required the initiative of key stakeholders - the Government, the SEC and other key players in developing and strengthening the country’s stock market. Our aim is to create the most enabling and vibrant trading environment which, through its success and therefore the success of investors and investees alike, will dynamically drive national development to greater heights. In 2012, the Colombo Stock Exchange focused on the development of proficiency and skills via a sustained programme of awareness building and education. From the relaunch of the website to encompass all three major languages of Sri Lanka, through an ever-widening footprint, to a well-planned series of educational programmes that are ongoing across several areas of the country, the CSE is fully involved in advocacy, education and promotion of a robust stock exchange.

On the national front, the Government has announced various measures for implementation in 2013, which should prove a fillip to the market. In essence, strategy has been set in motion.

ABOUT US
The Colombo Stock Exchange (CSE) was established under the Companies Act No. 17 of 1982 and functions under license from the Securities and Exchange Commission of Sri Lanka (SEC). The CSE is a mutual exchange and has 15 Members and 13 Trading Members licensed to trade both equity and debt securities, whilst one member is licensed to trade in debt securities only. All members are licensed by the SEC to operate as Stockbrokers. The CSE functions as a market operator and through its fully-owned subsidiary, Central Depository Systems (Pvt.) Limited. (CDS), acts as a clearing and settlement system facilitator. The CSE also oversees compliance through a set of rules, promotes standards of corporate governance among listed companies and is actively involved in educating investors.

Our Vision
To be the preferred choice for creation of wealth and value. Our Mission
Encourage issuers to raise capital through the Colombo Stock Exchange (CSE) Increase the number of active investors
Provide facilities to trade Equity, Debt and Derivative products Ensure balanced regulation to maintain market integrity and investor confidence

Contents
Market Highlights

4

Financial Highlights - Group8
Review of the Year12
Chairman’s Statement
Chief Executive Officer’s Review

12
16

Colombo Stock Exchange and You21
Stewardship36
Board of Directors
Management Team
Board Committees

36
40
42

Financial Reports45
Annual Report of the Board of Directors on the
Affairs of the Company
46
Risk and Audit Committee Report49
Directors’ Responsibility for Financial Reporting
50
Independent Auditors’ Report
51
Statement of Comprehensive Income
52
Statement of Financial Position
53
Statement of Changes In Equity
55
Cash Flow Statement
56
Notes to the Financial Statements
58

Annexes89
Members
Trading Members
Branch Network
Notice of Meeting
Corporate Representation
Corporate Information

89
90
91
Enclosed
Enclosed
Inner Back Cover

6,100
5,700
5,300
4,900
4,500
13-Jan-2012

14-Jan-2012

15-Jan-2012

16-Jan-2012

4,100

4

COLOMBO STOCK EXCHANGE

ANNUAL REPORT 2012

MARKET HIGHLIGHTS

2012

2011

213,827.2

546,255.8

160,543.3

486,959.4

53,283.9

59,296.4

883.6

2,285.6

Shares Traded (No. Mn.)

9,691.2

24,543.7

Domestic (No. Mn.)
Foreign (No. Mn.)
Trades (No.)
Domestic (No.)
Foreign (No.)
Market Capitalisation (Rs. Bn.)
Market Capitalisation as a % of GDP
Turnover Velocity (%)
Foreign Investor Contribution to Total Turnover (%)

8,289.6

23,151.6...
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