Trinidad Cement Limited
Annual Report 2012
2
Contents
Information about the Group
Corporate Information
3
Notice of Annual Meeting
4
Corporate Governance
5
TCL Subsidiaries - Principal Officers
6
Management Proxy Circular
14
Directors and Executives
Board of Directors
15
About our Board of Directors
16
Group Executive Committee
19
About our Group Executive Committee
20
The Year in Review
10-Year Consolidated Financial Review
22
Consolidated Financial Summary
23
Share and Performance Highlights
24
Group Chairman’s Review
26
Group CEO’s Report & Management Discussion
30
Directors’ Report
41
Financial Statements
Independent Auditors’ Report
43
Consolidated Statement of Financial Position
45
Consolidated Statement of Income
46
Consolidated Statement of Comprehensive Income
47
Consolidated Statement of Changes in Equity
48
Consolidated Statement of Cash Flows
49
Notes to the Consolidated Financial Statements
50
Proxy Form
83
About the Cover
Cement and concrete are such foundational materials for human civilisation that we often
forget that they are given to us by the earth. Limestone, clay, gypsum, sand, quicklime, water -
all these are found in nature, and as such, are indeed quite precious rawmaterials that we have
to use sustainably. This is why the TCL Group’s first priority is that of delivering high quality
products that will satisfy the customer’s need for value and durability while at the same time
using raw materials efficiently.
At TCL, we treat cement production with a sense of respect. Respect for nature, for our
shareholders, for our employees, for our customers, for the end-users of our products and for
the communities that benefit from our work. With our rootedness in the Caribbean, the TCL
Group, like the cement and concrete we produce, are truly the Salt of the Earth.
salt
of the earth
ANNUALREPORT2012
TCLGROUP • ANNUALREPORT2012
.tclgroup.com
the
