Page 61 - CPM Sri Lanka_ANNUAL REPORT 2022

59
Report of the
Financial
Milestones Financial Governing Governing Committees Operational Financial
Highlights
Structure
Statements
Statements
Review
Council
CPM Sri Lanka | Annual Report 2021-2022
11 NUMBER OF EMPLOYEES
The number of employees of the Institute as at 31 March 2022 is 3. (2021 : 3)

12 COMMITMENTS
There were no commitments outstanding as at the reporting date.

13 CONTINGENT LIABILITIES
The Institute has no any significant contingent liabilities as at the reporting date.

14 EVENTS OCCURRING AFTER THE REPORTING DATE
There were no material events that occurred after the reporting date except below event which require adjustments to or
disclosures in these financial statements.

15 OTHER MATTERS: IMPACT OF COVID-19 PANDEMIC
The corona-virus outbreak since early 2021 has brought about additional uncertainties in the Institute’s operating
environment. The Institute has been closely monitoring the impact of the developments on the businesses and has put
in place contingency measures.
The Institute understands the importance of the safety measures implemented by world leaders and implemented all the
precautionary measures advised. We are aware of the unpredictable nature of the current situation of the country and the
globe, therefore the Institute wishes to further observe the impacts and take proactive measures to ensure the smooth
functioning of the business. While, abiding by the health guidelines to ensure health and safety.

16 LITIGATION AND CLAIMS
There are no litigation and claims as at the reporting date.

17 APPROVAL OF FINANCIAL STATEMENTS
These financial statements were approved by the Governing council and authorised for issue on XX XX 2022.

www.cpmsrilanka.org