HSenid Business : Annual report for the year ended 31st March 2022

EMPOWERING PEOPLE

THE WORLD OVER

hSenid Business Solutions PLC

Annual Report 2021/22

Table of Contents

Overview

02Vision and Mission

03About the Report

04Financial Highlights

06Key Milestones

08Chairman's Letter

11CEO's Message

14Board of Directors

18 Corporate Management Team

Management Discussion and Analysis

23Operating Environment

28Overview of the Business

32Operational Review

40 Environmental Sustainability

Governance

41Risk Management

44Corporate Governance

46

48

49

50

54

Audit Committee

Report

Human Resource

and Remuneration

Committee Report

Related Party

Transactions Review

Committee Report

Annual Report of the Board of Directors on the Affairs of the Company

Statement of Directors' Responsibility

58 Financial Reports

Independent Auditor's Report Statement of Profit or Loss and Other

• Comprehensive Income Statement of Financial Position Statement of Changes in Equity Statement of Cash Flows Notes to the Financial Statements

	105 aNNEXES
58	Investor Information	105
	Glossary	107
62	Corporate Information	109
63	Notice of Meeting	110
64	Form of Proxy	111
66
67

EMPOWERING PEOPLE

THE WORLD OVER

To succeed in the global economy today, more and more

businesses are relying on automation.

They need a technology partner to sustain with evolving challenges in every sphere. Building their biggest asset, their people become paramount.

With a plethora of best practices and over nearly two and a half decades of expertise in the HR domain, we provide credible answers to daily HR challenges.

The future will be won by those that take bold decisions. We support them every step of the way with data-driven solutions.

We empower leaders, teams and HR communities to elevate their game, to do the next BIG THING while we support them with processes and technology.

For decades, our HR solutions have set the benchmark, taking care of over one million users, across twenty industries, the world over.

hSenidBiz will remain a companion, every step of the way, enabling, supporting and empowering people the world over!

Vision and Mission

Vision

"Make Life Easy"

Mission

Become the most preferred HCM Solutions provider in APAC & African regions with a globally competent workforce, agile and AI driven product innovations through Interdependence, Interoperability, and Integration with global best practices.

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Annual Report 2021/22

About the Report

This is the first Annual Report of hSenid Business Solutions PLC (hBS or the Company) for the financial year 2021/2022. The Company was listed on the Colombo Stock Exchange on the 21st December 2021.

Reporting Content, Scope, and Boundary

The reporting period is set for the financial year ended 31st March 2022. The report covers the overall operations, strategy and discusses the year's performance in comparison to the preceding financial year further outlining the future prospects. This report presents together the financial and non-financial information related to the reporting period.

Compliance

Financial Statements are prepared in accordance with the Sri Lanka Accounting Standards, guided by the International Financial Reporting Standards. Independent auditors have audited the financial statements and related notes. The sustainability aspects of the report are not externally assured.

Inquiries

Queries and clarifications, if any, on this annual report are to be directed to:

Name: Nilendra Weerasinghe, Chief Strategy Officer and Head of Investor Relations

Address: hSenid Business Solutions PLC.

No. 67/1, Hudson Road Off Perahera Mawatha,

Colombo 03

Tel: [phone]

E-mail: [e-mail], [e-mail]

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Annual Report 2021/22