AGM 2006/07 Treasurer's Message

I am pleased to present to you the accounts of your association for the year ended 31 December 2006.

During the year under review, the association recorded a net expenditure over income of Rs 710,444. The decline was primarily due to decrease in the income. The total income of Rs 655,112 was a decrease of 66% compared to the previous financial year. Main contributory factor for this decline had been the decrease in the main income source “Developing managers for the future” training programmes. Number of programmes conducted was limited to two and the numbers of participants were reduced compared to the previous year.

However, despite the dip in the income, the association continuously provided services to its stakeholders, without curtailing the expenditure and limiting the activities.

I wish to take this opportunity to thank the sponsors and participants of our training programmes. I also take this opportunity to place on record our sincere appreciation to the Auditors BDO Burah Hathy – Chartered Accountants for offering their valuable services free of charge.

I wish the association to work to its fullest capacity and potential for ensuring future growth and expansion in an effort to enhance stakeholder value.


Thank You

K. Thayaparan
Treasurer- 2006