2006 - Eastern Caribbean Securities Exchange

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Group Executive Committeefrom left to rightArun K. Goyal, General Manager - Trinidad Cement LimitedF. L. Anthony Haynes, General Manager - Caribbean Cement Company LimitedHollis N. Hosein, Group Finance ManagerDerrick Isaac, General Manager - TCL Packaging/TCL Ponsa Manufacturing LimitedCourtney McNish, Group Human Resource ManagerAlan Nobie, Manager - Investor Relations & Corporate CommunicationsAnnual Report 200619
Chairman’s ReviewCHAIRMANAndy J. BhajanThe Group’s Strategic PurposeThe TCL Group’s Vision and Mission Statements,which are reproduced on page 2, commit the Groupto providing our customers with quality products andservices, our shareholders with a superior return ontheir investment, and our employees with continuousempowerment in a network of mutual support. Theydescribe an environment characterised by growthand diversification, making optimal use of human,technological and natural resources. Your Boardcontinues to pursue the fulfilment of this strategicpurpose which is reflected in the TCL Group’s deeprootedcommitment to regional development. TheGroup sees itself as a premier enduring West Indianinstitution, harnessing the talents of Caribbean peopleand building excellence into the fabric of our society.The Group must also be a catalyst for infrastructuraldevelopment in the region.This vision provides an important context in whichto consider our financial performance for 2006.Although there have been challenges, there wasmeasurable advance over the period in meeting theGroup’s strategic objectives. A detailed analysis ofperformance is provided in the Group CEO’s Report andManagement Discussion. However, specific highlightsare herein provided.Financial Performance SummaryThe Group’s revenue increased by $289.2m or 20%compared with 2005, through higher volumes asa result of buoyant market conditions and priceincreases, which were primarily implemented in orderto offset higher energy costs and the higher costof imported clinker. Contributing to this growth,revenues from the pre mixed concrete and packagingbusinesses increased by $83.3m, reflecting growthrates of 41% and 64%, respectively. In the case ofthe Readymix Group, sales volumes increased by 4%and price adjustments were implemented to offset thehigher cost of aggregates, some of which had to beimported. For the packaging companies, third partysales volumes of paper sacks increased by 110% and20
Page 2 and 3: ContentsOur Vision and Mission Stat
Page 4 and 5: Notice of Annual MeetingNotice is h
Page 6 and 7: Consolidated Financial Summary 2001
Page 8 and 9: Share PerformanceTrading Volumes (t
Page 10 and 11: A new record in TrinidadSince the b
Page 12 and 13: Board of Directorsfrom left to righ
Page 14 and 15: Board of Directorsand Director of U
Page 16 and 17: On the ball in GuyanaWhen the crowd
Page 18 and 19: Beyond Boundaries in JamaicaAcross
Page 22 and 23: Chairman’s Reviewslings by 92%. T
Page 24 and 25: Playing to win in BarbadosThe missi
Page 26 and 27: Group Chief Executive Officer’s R
Page 36 and 37: Trinidad Cement LimitedTrinidad Cem
Page 38 and 39: Caribbean Cement Company LimitedCar
Page 40 and 41: Arawak Cement Company LimitedArawak
Page 42 and 43: Readymix (West Indies) LimitedReady
Page 44 and 45: TCL Packaging LimitedTCL Packaging
Page 46 and 47: TCL Ponsa Manufacturing LimitedTCL
Page 48 and 49: TCL Guyana Inc.TCL Guyana Inc. was
Page 50 and 51: Rally ‘round the youthWithin our
Page 52 and 53: Management Proxy CircularREPUBLIC O
Page 54 and 55: Independent Auditors’ ReportTo th
Page 56 and 57: Consolidated Balance Sheetas at 31s
Page 58 and 59: Consolidated Statement of Changes i
Page 60 and 61: Notes to the Consolidated Financial
Page 70 and 71:
Notes to the Consolidated Financial
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Proxy FormPLEASE INDICATE WITH AN
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2006 - Eastern Caribbean Securities Exchange

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