Soft Logic

Softlogic Holding PLC
Soft logic Holdings Ltd is a public limited liability company incorporated and domiciled in Sri
Lanka. The registered office and principal place of business of the company is located at No.14,
De Fonseka Place, Colombo 5.
In the financial statements, “the company” refers to Softlogic Holdings Ltd as the holding
company and “the group” refers to the companies whose accounts have been consolidated
therein.
Soft logic Holdings Ltd became the holding company of the group during the financial year
ended 31 March 2003. The principal activities of the company are holding
investments & providing management services to its subsidiaries.
The principal activities of the subsidiary companies are :
 Information and communication technology,

 Property development,
 Automobiles,
 Retailing,
 Leasing,
 Hire purchase,
 Granting loans,
 Factoring,
 Pawn broking,
 Providing management consultancy and financial advisory services
 Providing healthcare services.
Retail Sector Review
 Uni Walkers (Pvt) Ltd, a subsidiary of Softlogic Holdings, controls the majority of the
Group’s retail operations
 The Significant related party to Softlogic Holding can be disclosure as follows:
Related entities Relationship Effective Country of

Holdings Incorporation
Uni Walkers (Pvt) Limited Group
Uni Walkers (Pvt) Limited Subsidiary 100.00% Sri Lanka
Uni Walkers Distributors (Pvt) Ltd Subsidiary 100.00% Sri Lanka
Dai Nishi Securities (Pvt) Limited Subsidiary 100.00% Sri Lanka
 Uni Walkers now has 4 Softlogic Max showrooms and 80 Softlogic Retail Outlets, and is
on target to open 150 outlets by the end of 2011and 250 outlets by the end of year
2012.
 Outlets also display comprehensive bouquet of brands such as Panasonic, Samsung,

Onida, Cornell, Ignis and Candy range of Consumer Electronics offering customers the
‘Best Brands with the Best Deals’. The company secured the exclusive franchise rights
for globally renowned brands such as Nike, Levis and Giordano during 2010 financial
year.
 New Softlogic outlets have been opened in Galle, Tissamaharama, Horana,

Ambalangoda, Pita Kotte, Ja-ela, Akuressa, Wellawaya, Badulla, Nittambuwa, Kadawata,
and Anuradhapura. Outlets in Negombo, Kurunegala and Ratnapura are slated to be
opened during the latter part of 2011
 The Softlogic Group has become a key player in the retail industry in the financial year
2010/2011
 The retail sector had an impressive turnover of Rs. 2 Bn in comparison to the Rs. 586 Mn
recorded in the previous year.
 The retail division contributed Rs. 241 Mn to the Group operating profits during the
period under review.
 During the Year 2010/2011 highlighted financial figures of Retail Sector signify as
follows:
 Revenue, Assets & Liabilities
2011 2010 Increase / (Decrease )

Revenue 2,034,586,979 585,689,768 1,448,897,211
Assets 2,525,336,080 232,956,941 2,292,379,139
Liabilities 561,790,412 267,348,426 294,441,986
 Revenue, of Abans Limited
2011 2010
Abans Limited Retail Channel Abans Limited Retail Channel
Revenue 10,554,438,525 9,649,086,164 7,152,744,555 5,618,251,708
 Weighted Average Cost of Capital of Abans Limited Vs. Softlogic Holding PLC
We have reviewed the Financial Statement of Softlogic Holding PLC with Abans Limited
Drafted Financial statements.
RELATED PARTY DISCLOSURES
Details of significant related party disclosures are as follows:
Related entities Relationship Effective Holdings Country of

Incorporation
Uni Walkers (Pvt) Limited Group
Uni Walkers (Pvt) Subsidiary 100.00% Sri Lanka

Limited
Uni Walkers Subsidiary 100.00% Sri Lanka

Distributors (Pvt)
Limited
Dai Nishi Securities Subsidiary 100.00% Sri Lanka

(Pvt) Limited
Softlogic Information Technologies (Pvt) Limited Subsidiary 100.00% Sri Lanka

Softlogic Australia Pty Limited Subsidiary 100.00% Australia
Softlogic Properties (Pvt) Limited Subsidiary 99.00% Sri Lanka
Softlogic Communication Services (Pvt) Ltd. Subsidiary 99.00% Sri Lanka
Future Automobiles (Pvt) Ltd. Subsidiary 100.00% Sri Lanka
Softlogic Capital Limited Group
Softlogic Capital Limited Subsidiary 54.15% Sri Lanka
Softlogic Finance PLC Subsidiary 30.54% Sri Lanka
Softlogic Credit Limited Subsidiary 36.30% Sri Lanka
Capital Reach Business Development (Pvt) Ltd Subsidiary 54.15% Sri Lanka
Asiri Diagnostics Services (Pvt) Ltd Subsidiary 34.39% Sri Lanka
Asiri Hospital Matara (Pvt) Ltd Subsidiary 51.68% Sri Lanka
Matara Medi House (Pvt) Ltd Subsidiary 51.68% Sri Lanka
Central Hospital (Pvt) Ltd Subsidiary 24.91% Sri Lanka
Asiri Hospital Kandy (Pvt) Ltd Subsidiary 51.68% Sri Lanka
Asiri Hospitals Holdings PLC Subsidiary 51.68% Sri Lanka
Asiri Surgical Hospital PLC Subsidiary 29.91% Sri Lanka
Asiri Central Hospitals PLC Subsidiary 49.33% Sri Lanka
Ceylinco Tourist Hotels Ltd Subsidiary 67.50% Sri Lanka

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Softlogic Holding PLC

The principal activities of the subsidiary companies are :

 Information and communication technology,

Retail Sector Review

 The Significant related party to Softlogic Holding can be disclosure as follows:

Related entities Relationship Effective Country of

 Outlets also display comprehensive bouquet of brands such as Panasonic, Samsung,

 New Softlogic outlets have been opened in Galle, Tissamaharama, Horana,

 Revenue, Assets & Liabilities

2011 2010 Increase / (Decrease )

 Revenue, of Abans Limited

Related entities Relationship Effective Holdings Country of

Uni Walkers (Pvt) Subsidiary 100.00% Sri Lanka

Uni Walkers Subsidiary 100.00% Sri Lanka

Dai Nishi Securities Subsidiary 100.00% Sri Lanka

Softlogic Information Technologies (Pvt) Limited Subsidiary 100.00% Sri Lanka

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