The Consolidated Financial Statements of Nawaloka Hospitals PLC (the Company), as at 31 March 2025 are prepared and presented in compliance with the following requirements:

• Sri Lanka Accounting Standards issued by The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka)
• Companies Act No. 07 of 2007
• Sri Lanka Accounting and Auditing Standards Act No. 15 of 1995;
• Listing Rules of the Colombo Stock Exchange (CSE); and
• Code of Best Practice on Corporate Governance issued by CA Sri Lanka.

The disclosure and preparation format of the Financial Statements are in compliance with the rules of the Sri Lanka Accounting Standards issued by CA Sri Lanka and those financial outcomes are circulated amongst the shareholders on a quarterly basis.

Significant accounting policies are applied consistently by the Group and the significant estimates that involve high degree of judgement were discussed amongst the Internal and External Auditors.

We confirm that the Group has adequate resources to continue its operations and have applied “going concern” in preparing these Financial Statements.

We are responsible for establishing, implementing, and maintaining internal controls and procedures within the Company and all of its subsidiaries.

We ensure that effective internal controls and procedures are in place. Safeguard its assets, prevent and detect frauds as well as other irregularities. We have reviewed, evaluated, and updated the internal controls and procedures on an ongoing basis together with the Internal Audit department of which we are satisfied and that there were no significant deficiencies and weaknesses in the design or operation to the best of our knowledge.

The Financial Statements of the Group were audited by Messrs KPMG, Chartered Accountants and their Report is given on pages 100 to 103. The Board Audit Committee (BAC) pre-approves the audit and any non-audit services provided by Messrs KPMG, in order to ensure that the provision of such services do not impair KPMG’s independence and objectivity.

The BAC reviewed the Internal Audit Programmes and External Audit Plan, the efficiency of Internal Control Systems and procedures and also reviewed the adoption of significant accounting policies and their adherence to statutory and regulatory requirements, the details of which are given in the “Audit Committee Report” appearing on pages 90 to 91. To ensure independence, the External Auditors and the Internal Auditors have full and free access to the members of the BAC to discuss any matter of substance. However, there are inherent limitations that should be recognised in weighing the assurances provided in any system of internal control and accounting.

It is also declared and confirmed that the Group and the Company have complied the guidelines for listed companies where mandatory compliance is required.

We confirm that to the best of our knowledge the Company and the Group have complied with all applicable laws, regulations, and guidelines and there is no pending litigation of a material nature against the Company/Group.