News and Press Release

ANNUAL REPORT AWARDS 2013 (ICASL)

Posted at October 17, 2012 | By : | Categories : News and Press Release | 0 Comment

This is a very prestigious event in the calendar of the Institute of Charted Accountants of Sri Lanka and most of the big, small and medium size companies in Sri Lanka participate in this competition. Various sectors are identified by the Institute such as Power and Energy, Tourism, Hospitals, Industries Etc. Lanka Electricity Company for the first time got the unqualified opinion from the Auditors and this prompted the Management to apply for this Competition. The Finance branch of the Company had implemented all the International Financial Reporting Standards (IFRS) applicable for the Company during the year 2012.LECO submitted its application for the Annual Report Awards under the Power and Energy Sector.
The Company was able to obtain a certificate of Compliance at this Annual Reports Awards Ceramony which is a remarkable achievement by the Company as this Award is recognized nationally and internationally. Further this would pave way for the Company to go ahead with Partnerships and Joint ventures with any other reputed company locally and internationally.
The above event was held at the Water’s Edge Hotel on the 10th December 2013. Pictured is LECO Chairman Mr. Sagara Kariyawasam receiving the Award from the past president ICASL Mr. Palihakkara. Also in the picture is Mr. Sunil Perera, the Chief Financial Officer of LECO.