EXPLANATORY NOTES The LMD 50 is compiled from information contained in the annual reports of listed companies. Its principal ranking is based on turnover. Consolidated data for financial years ended during the 2010/11 financial year (i.e. 1 April 2010 to 31 March 2011) has been utilised for this purpose. Accordingly, comparative information relates to the previous (2009/10) financial year, but not including restated data – prior-year rankings are not restated either. Respective year ends (e.g. M – March) are denoted in the chart above. The term ‘Turnover’ is used for all companies. For banks, turnover refers to income; and for insurance companies, it refers to premiums. Turnover excludes related taxes, levies and intra-group sales. Profit After Tax is stated prior to adjustments
for extraordinary items and minority interests. Total Assets comprises both fixed and current assets…

EXPLANATORY NOTES (Continued) Shareholders’ Funds consists of issued capital, reserves and negative goodwill, but not minority interests nor long-term liabilities. Market Capitalisation is
the total market value of shares. It is based on values at the end of the financial year (i.e. 31 March 2011). Chairman includes Chairwomen/Chairpersons, if any. Chief Executive refers to Deputy Chairpersons, Executive Chairpersons, Managing Directors, Chief Executive Officers or General Managers. Share Profiles are based on values, ratios and yields at the end of the financial year
(i.e. 31 March 2011). Only annual reports that were submitted to the Colombo Stock Exchange (CSE) by the stipulated deadline (20 September 2011, which includes a grace period of 20 days)
have been utilised for ranking purposes. The official deadline for submission of annual reports is five months after the date of a company’s financial year.

EXPLANATORY NOTES (Continued) Turnover and profit after tax of companies with accounting periods in excess of 12 months are annualised. Companies whose dealings are suspended by the CSE on
or before 20 September have not been considered for ranking purposes. Where a subsidiary’s financial statements are by and large the same as its holding company’s, it is not eligible to be ranked. There is no disclosure of turnover-based taxes and/or levies (which are excluded from ‘Turnover’ for the purpose of compiling THE LMD 50), if any, in the financial statements of the following companies included in
THE LMD 50: Sri Lanka Telecom, Commercial Bank, Dialog Axiata, HNB, LOLC, Sampath Bank, Ceylinco Insurance, Seylan Bank, Hemas Holdings, Tokyo Cement, DFCC Bank, Aviva NDB Insurance, Dipped Products, NDB bank, Nations Trust Bank, Ceylon Brewery, United Motors, Central Finance,  Ceylon Grain Elevators, Union Assurance, Laugfs Gas and Janashakthi Insurance.

EXCEPTIONS We have computed Price Earnings Ratios and Dividend Yields, where they have not been disclosed in financial statements. EXCLUSION OF SUBSIDIARIES Where a wholly-owned
subsidiary’s turnover is 95 per cent or more of the turnover of its holding company, it has been excluded from the rankings to avoid duplication – the rationale for the five per cent difference between the
two being the ‘materiality test’. In 2010/11, Carson Cumberbatch (Holding company – Bukit Darah) and Lanka Walltile (Holding company – Lanka Ceramic) have been excluded on this basis. SOURCES OF INFORMATION The LMD 50 is compiled by Media Services (Private) Limited from information provided by the CSE and from annual reports. PUBLICATION DATE The LMD 50 is published
in December each year. DISCLAIMER This listing is published for information purposes only. It should not be regarded as a comprehensive guide for making business and/or investment decisions.