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2009 was a hugely significant year in local

history - as, for the first time in over thirty years,


the nation was empowered to grasp the opportunities
we have sought for so long. Since 1868, the Aitken Spence
Group has been an icon of leadership and solid value to
every Sri Lankan corporate, at every level. And today we
are ready to ‘fast forward’ into the many challenges that
lie ahead.
Strategic
fastCargo
Tourism
Investments
Logistics
forward! Services
Creating value shall remain our guiding principle
as a bluechip corporate that is also an engine
of growth, joining all Sri Lankans to drive
national development fast forward,
across the island.
Given its strategic
geographical
Aitken Spence position
has in
Aitken
South Spence
Asia, Sri a played
isLanka is
a significant role
leading
A toplayer
successful
poised become in in
travel
a
maritime trade in
and
servicetourism,
conglomeratehubandinowning
is region.
the
Sri Lanka has been
and
Aitken managing
reinforced by astute
Spence hasa chain
taken
in the business of liner
of luxury hotels
investments
advantage ofand
this and
shiping agencies for the
resorts
strategic
positioning inpartnerships.
SritoLanka,
many years. Ourand our
realise
Maldives,
The Group’s India
vision of expanding diversified
integrated offering of of

Strategic
Cargo
Oman.
interests
regionally Three
into decades
identified
drive our
air-sea freight
experience
growth inCompany
sectors hotels
suchgives
as
Services
Tourism
multifaceted
forwarding,
us
poweran expert edge
generation, in

Investments
forward as a respected
Logistics
warehousing,
designing,
plantations
industry building Theand
and garment
leader.
distribution, courier and
Sector
Sector
managing
manufacture,
Services sector
transport
properties.
lie within
provides a

Sector
Our
its travel sector
strategic
encompasses covers
investments
the Group’s
total, seamless solution
the full These
sector.
interests spectrum diverse
in financial of
to the importers and the
travel
investmentsrelated
services, insurance, activities
have proved
the
exporters. The sector has
from
to inbound
be significant
operation and to
the distinction ofand
being
outbound
initiatives,
maintenance travel
with is
vigorous
of power
the first Sri Lankan
the
plantsgeneral
activity sales
andreal
and returnsagent
estate
entity to venture into
for some of
ensuring
development. ourthe most
sustained
We are
port efficiency
prestigious
growth international
within key
also the agentsoperationsfor the
enhancement
airlines.
sectors
world of the economy.
renowned
overseas.
international elevator
agency OTIS.
2009 was a hugely significant year in local
history - as, for the first time in over thirty years,
the nation was empowered to grasp the opportunities
we have sought for so long. Since 1868, the Aitken Spence
Group has been an icon of leadership and solid value to
every Sri Lankan corporate, at every level. And today we
are ready to ‘fast forward’ into the many challenges that
lie ahead.
Strategic
fastCargo
Tourism
Investments
Logistics
forward! Services
Creating value shall remain our guiding principle
as a bluechip corporate that is also an engine
of growth, joining all Sri Lankans to drive
national development fast forward,
across the island.
Given its strategic
geographical
Aitken Spenceposition in
has played
South Asia, Sri
a significant role in Lanka is
A successful
poised to become
maritime trade ina
conglomerate
service hub is region.
in the
Sri Lanka and has been
reinforced
Aitken Spenceby astute
has taken
in the business of liner
investments
advantage and
of thisfor
shiping agencies
strategic
positioning partnerships.
many years.toOur realise our
The Group’s diversified
vision of expanding
integrated offering of

Strategic
Cargo
interests
regionally intoidentified
air-sea freightdrive our
growth sectors such as
Services
multifaceted
forwarding, Company
power generation,

Investments
forward as a respected
Logistics
warehousing,
plantations
industry and garment
leader. The and
distribution, courier
Sector
Sector
manufacture,
Services sector
transport
lie
provides a
within

Sector
its strategic
encompasses investments
total, seamlessthe Group’s
solution
sector.
interests These diverse
in financial
to the importers and the
investments have proved
services, insurance,
exporters. The sectorthe has
to be significant
operation and
the distinction of being
initiatives,
maintenance with vigorous
of power
the first Sri Lankan
activity
plants and
and returns
real estate
entity to venture into
ensuring
development. our sustained
port efficiency are We
growth
also the within key
agentsoperations
for the
enhancement
sectors
world of the economy.
renowned
overseas.
international elevator
agency OTIS.
2009 was a hugely significant year in local
history - as, for the first time in over thirty years,
the nation was empowered to grasp the opportunities
we have sought for so long. Since 1868, the Aitken Spence
Group has been an icon of leadership and solid value to
every Sri Lankan corporate, at every level. And today we
are ready to ‘fast forward’ into the many challenges that
lie ahead.
Strategic
fastCargo Investments
Logistics
forward! Services
Creating value shall remain our guiding principle
as a bluechip corporate that is also an engine
of growth, joining all Sri Lankans to drive
national development fast forward,
across the island.
A successful
conglomerate is
reinforced by astute
investments and
strategic partnerships.
The Group’s diversified

Strategic
interests in identified
growth sectors such as
power generation,

Investments plantations and garment


manufacture, lie within

Sector
its strategic investments
sector. These diverse
investments have proved
to be significant
initiatives, with vigorous
activity and returns
ensuring our sustained
growth within key
sectors of the economy.
2009 was a hugely significant year in local
history - as, for the first time in over thirty years,
the nation was empowered to grasp the opportunities
we have sought for so long. Since 1868, the Aitken Spence
Group has been an icon of leadership and solid value to
every Sri Lankan corporate, at every level. And today we
are ready to ‘fast forward’ into the many challenges that
lie ahead.
Strategic Investments
fast forward! Services
Creating value shall remain our guiding principle
as a bluechip corporate that is also an engine
of growth, joining all Sri Lankans to drive
national development fast forward,
across the island.
Given its strategic
geographical position in
South Asia, Sri Lanka is
poised to become a
service hub in the region.
Aitken Spence has taken
advantage of this
positioning to realise our
vision of expanding
regionally to drive our

Services
multifaceted Company
forward as a respected
industry leader. The

Sector Services sector


encompasses the Group’s
interests in financial
services, insurance, the
operation and
maintenance of power
plants and real estate
development. We are
also the agents for the
world renowned
international elevator
agency OTIS.
2009 was a hugely significant year in local
history - as, for the first time in over thirty years,
the nation was empowered to grasp the opportunities
we have sought for so long. Since 1868, the Aitken Spence
Group has been an icon of leadership and solid value to
every Sri Lankan corporate, at every level. And today we
are ready to ‘fast forward’ into the many challenges that
lie ahead.

fast forward! Services


Creating value shall remain our guiding principle
as a bluechip corporate that is also an engine
of growth, joining all Sri Lankans to drive
national development fast forward,
across the island.
2009 was a hugely significant year in local
history - as, for the first time in over thirty years,
the nation was empowered to grasp the opportunities
we have sought for so long. Since 1868, the Aitken Spence
Group has been an icon of leadership and solid value to
every Sri Lankan corporate, at every level. And today we
are ready to ‘fast forward’ into the many challenges that
lie ahead.

fast forward!
Creating value shall remain our guiding principle
as a bluechip corporate that is also an engine
of growth, joining all Sri Lankans to drive
national development fast forward,
across the island.

Annual Report 2009 - 2010


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Corporate Information

Name Remuneration Committee


AITKEN SPENCE PLC G.C. Wickremasinghe - Chairman.
V.M. Fernando
Legal Form R.N. Asirwatham
A Public quoted Company with limited liability,
D.H.S. Jayawardena
incorporated in Sri Lanka in 1952

Nomination Committee
Company Registration Number
G.C. Wickremasinghe - Chairman
PQ 120
D.H.S. Jayawardena
Registered Office J.M.S. Brito
No. 305, V.M. Fernando
Vauxhall Street, R.N. Asirwatham
Colombo 02,
Sri Lanka
Company Secretary
R.E.V. Casie Chetty
Directors
FCA, FCMA, M.C.M.I., J. Dip.M.A.
D.H.S. Jayawardena
Chairman
Auditors
J.M.S. Brito LLB, FCA, MBA
KPMG Ford, Rhodes, Thornton & Co.,
Deputy Chairman and Managing Director
Chartered Accountants
R.M. Fernando Ph.D., MBA, FCIM (UK)
G.M. Perera FAIM Contact Details
M.P. Dissanayake No. 305,
MBA, Ph.D., Postgraduate.Dip.Marketing FCIM, Vauxhall Street,
FICS, FCILT (UK), (GLE) Harvard Business School Colombo 02,
(appoint w.e.f. 1/09/2009) Sri Lanka.
G.C. Wickremasinghe
C.H. Gomez Telephone : (94 11) 2308308
Facsimile : (94 11) 2445406
N.J. de S. Deva Aditya DL, FRSA, MEP
Internet : www.aitkenspence.com
V.M. Fernando Attorney-at-Law
R.N. Asirwatham FCA (appoint w.e. f. 1/09/2009)

Audit Committee
R.N. Asirwatham - Chairman.
G.C. Wickremasinghe
C.H. Gomez
N.J. Deva Aditya
www.aitkenspence.com

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