Annual Report (ESEF) • Apr 12, 2022
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Keller Group plc Annual Report and Accounts 2021
Keller Group plc
Resilient delivery
Contents
Strategic report
1 Highlights
2 At a glance
4 Investment case
6 Chairman’s statement
10 Our market
12 Business model
16 Our purpose, values and sustainability
18 Our strategy
20 North America
22 Europe
24 Asia, Middle East and Africa (AMEA)
26 The Netherlands
28 Our people
30 Principal risks and uncertainties
42 ESG and sustainability
44 Governance
68 Chairman’s introduction
70 Board of Directors
72 Executive Committee
74 Board leadership and purpose
76 Section 172 statement
78 Strategic report engagement
80 Statement of;
84 Environment Committee report
86 Social and Community Committee report
88 Nomination and Governance Committee report
90 Audit and Risk Committee report
96 Annual statement from the Chair
98 Remuneration in context
100 Remuneration at a glance
102 Annual remuneration report
112 Directors’ report
115 Statement of Directors’ responsibilities
Financial statements
116 Independent auditor’s report to the members of Keller Group plc
127 Consolidated income statement
128 Consolidated statement of comprehensive income
129 Consolidated balance sheet
130 Consolidated statement of;
131 Statement of changes in equity
132 Notes to the consolidated financial statements
175 Company balance sheet
176 Notes to the company balance sheet
178 Reconciliation of;
180 Notes to the reconciliation of;
Other information
185 Adjusted performance measures
188 Financial record
189 Contacts
189 Cautionary Statement
keller.com/investors
Our Offices
Head Office
Keller Group plc
2 Kingdom Street
London W2 6BD
Telephone: +44 20 7616 7575
www.keller.com
North America Division
Keller Management Services, LLC
7550 Teague Road
Hanover, MD 21076
Telephone: +1 410 551 1938
www.keller-na.com
Europe Division
Keller Holding GmbH
Kaiserleistrasse 8
63067 Offenbach am Main
Germany
Telephone: +49 69 80510
www.kellerholding.com
Asia Pacific, Middle East and Africa (AMEA) Division
Keller Middle East
Office 702, Sidra Tower
Sheikh Zayed Road
PO Box 111323
Dubai, UAE
Telephone: +971 4213 58 00
www.kellerme.com
Secretary and advisers
Group Company Secretary and Legal Advisor
Kerry Porritt FCG LLB (Hons)
Registered office
2 Kingdom Street
London W2 6BD
Registered number 2442580
Joint brokers
Investec Bank plc
30 Gresham Street
London EC2V 7QP
Peel Hunt LLP
Tenth Floor
100 Liverpool Street
London EC2Y 5ET
Financial advisers
Rothschild & Co.
190 St. Aldates
Oxford OX1 1LU
Legal advisers
DLA Piper UK LLP
160 Aldersgate Street
London EC1A 4HT
Financial public relations advisers
FTI Consulting
200 Aldersgate Street
London EC1A 4HD
Registrars
Equiniti Limited
Aspect House
Washington
Tyne and Wear
BN99 6DA
The following forward-looking statements are made on the basis of current expectations and relate to the future financial position and performance of the Group.
Forward-looking statements involve risks and uncertainties because they relate to future events and circumstances. There are a number of factors that could cause actual results and circumstances to differ materially from those predicted in the forward-looking statements.
These risks and uncertainties include, but are not limited to:
* Economic conditions;
* Interest rate and foreign exchange rate volatility;
* The impact of acquisitions and disposals;
* The impact of integration of acquisitions;
* The impact of regulatory changes;
* The impact of competition;
* The impact of environmental factors;
* The impact of acquisitions;
* The impact of changes in pension obligations;
* The impact of changes in deferred tax assets;
* The impact of litigation;
* The impact of insolvency of customers and other receivables;
* The impact of the failure of subcontractors;
* The impact of changes in tax rates;
* The impact of changes in accounting policies;
* The impact of credit risk;
* The impact of changes in management and employees;
* The impact of breaches of health and safety;
* The impact of cyber security risks;
* The impact of climate change; and
* The impact of political and economic instability.
For a detailed discussion of the Group’s risk management approach and principal risks, please see the risk management approach and principal risks section of the strategic report.
All forward-looking statements in this report are qualified by the forward-looking statements in this cautionary statement.
These forward-looking statements are not intended to provide any assurance on the future trading prospects of Keller Group plc or any of its subsidiaries and is not to be relied upon as advice or for any purpose. The forward-looking statements have not been reviewed by, or on behalf of, any other member of the Group or persons acting on their behalf are unduly relied upon in any way in this Annual Report.
The following discussion is focused on the Group’s financial performance and the Group’s market, and does not constitute investment advice or recommendations to buy, sell or hold any securities.
Keller Group plc
2 Kingdom Street
London W2 6BD
+44 20 7616 7575
[email protected]
www.keller.com
The following commentary is a series of unaudited pro forma figures and does not constitute any form of audited financial statement or financial forecast. The pro forma presentation has been prepared in accordance with IAS 1, Presentation of Financial Statements.
| 2021 | 2020 | ||
|---|---|---|---|
| Revenue | £1,842.4m | £1,719.1m | |
| Cost of sales | (1,563.4) | (1,479.6) | |
| Gross profit | 279.0 | 239.5 | |
| Distribution and selling expenses | (70.1) | (62.1) | |
| Administrative expenses | (163.9) | (151.5) | |
| Other operating income | 1.7 | 2.1 | |
| Operating profit | 46.7 | 28.0 | |
| Finance costs | (30.2) | (30.8) | |
| Profit before tax | 16.5 | (2.8) | |
| Income tax (charge)/credit | (4.0) | 3.2 | |
| Profit for the year attributable to owners of the parent | 12.5 | 0.4 | |
| Non-controlling interests | 0.1 | 0.2 | |
| Profit for the year | 12.6 | 0.6 | |
| Earnings per share: | |||
| Basic | £0.043 | £0.001 | |
| Diluted | £0.043 | £0.001 |
| 2021 | 2020 | ||
|---|---|---|---|
| Profit for the year | 12.6 | 0.6 | |
| Other comprehensive income/(expense): | |||
| Items that will not be reclassified to profit or loss: | |||
| Remeasurement of net defined benefit liability | (7.6) | 7.9 | |
| Tax effect | 1.4 | (1.5) | |
| Items that may be reclassified subsequently to profit or loss: | |||
| Exchange differences on translation of foreign operations | 21.8 | (16.7) | |
| Cash flow hedging | 4.3 | (2.4) | |
| Tax effect | (0.9) | 0.6 | |
| Other comprehensive income/(expense) for the year, net of tax | 18.0 | (11.1) | |
| Total comprehensive income/(expense) for the year, net of tax | 30.6 | (10.5) | |
| Total comprehensive income/(expense) for the year attributable to: | |||
| Owners of the parent | 30.5 | (10.6) | |
| Non-controlling interests | 0.1 | 0.1 | |
| Total comprehensive income/(expense) for the year | 30.6 | (10.5) |
As at 31 December 2021
| Note | 2021 | 2020 | |
|---|---|---|---|
| ASSETS | |||
| Non-current assets | |||
| Property, plant and equipment | 13 | 173.1 | 154.4 |
| Intangible assets | 14 | 56.9 | 59.8 |
| Right-of-use assets | 15 | 134.0 | 137.3 |
| Investments | 16 | 0.8 | 0.8 |
| Deferred tax assets | 19 | 53.6 | 46.0 |
| Other non-current assets | 1.7 | 1.6 | |
| Total non-current assets | 420.1 | 399.9 | |
| Current assets | |||
| Inventories | 17 | 67.0 | 57.9 |
| Trade and other receivables | 18 | 511.6 | 440.4 |
| Contract assets | 18 | 106.1 | 123.4 |
| Current tax receivables | 13.9 | 7.1 | |
| Cash and cash equivalents | 20 | 219.5 | 181.4 |
| Total current assets | 918.1 | 809.9 | |
| TOTAL ASSETS | 1,338.2 | 1,209.8 | |
| EQUITY AND LIABILITIES | |||
| Equity | |||
| Issued capital | 21 | 1.0 | 1.0 |
| Share premium | 21 | 196.1 | 196.1 |
| Capital redemption reserve | 21 | 0.2 | 0.2 |
| Reserve for exchange differences on translation | 21 | 112.5 | 90.7 |
| Other reserves | 21 | 26.8 | 26.8 |
| Reserve for cash flow hedges | 21 | 11.0 | 6.7 |
| Retained earnings | 21 | 293.7 | 281.2 |
| Equity attributable to owners of the parent | 641.3 | 602.7 | |
| Non-controlling interests | 2.4 | 2.3 | |
| Total equity | 643.7 | 605.0 | |
| Non-current liabilities | |||
| Lease liabilities | 15 | 112.1 | 116.1 |
| Provisions | 22 | 57.3 | 57.4 |
| Deferred tax liabilities | 19 | 13.4 | 15.2 |
| Borrowings | 23 | 176.2 | 168.3 |
| Total non-current liabilities | 359.0 | 357.0 | |
| Current liabilities | |||
| Trade and other payables | 24 | 239.7 | 204.4 |
| Contract liabilities | 24 | 79.4 | 59.2 |
| Current tax liabilities | 4.9 | 2.3 | |
| Provisions | 22 | 15.8 | 14.9 |
| Lease liabilities | 15 | 32.3 | 27.0 |
| Borrowings | 23 | 44.1 | 21.0 |
| Total current liabilities | 416.2 | 328.8 | |
| Total liabilities | 775.2 | 685.8 | |
| TOTAL EQUITY AND LIABILITIES | 1,338.2 | 1,209.8 |
For the year ended 31 December 2021
| Issued capital | Share premium | Capital redemption reserve | Reserve for exchange differences on translation | Other reserves | Reserve for cash flow hedges | Retained earnings | Total equity attributable to owners of parent | Non-controlling interests | Total equity | |
|---|---|---|---|---|---|---|---|---|---|---|
| At 1 January 2020 | 1.0 | 196.1 | 0.2 | (81.7) | 26.8 | (2.6) | 280.8 | 425.5 | 1.4 | 426.9 |
| Profit for the year | 0.4 | 0.4 | 0.2 | 0.6 | ||||||
| Other comprehensive income/(expense) for the year, net of tax: | ||||||||||
| Remeasurement of net defined benefit liability | ||||||||||
| Tax effect | ||||||||||
| Exchange differences on translation of foreign operations | (16.7) | (16.7) | (16.7) | |||||||
| Cash flow hedging | (2.4) | (2.4) | (2.4) | |||||||
| Tax effect | 0.6 | 0.6 | 0.6 | |||||||
| Total comprehensive income/(expense) for the year, net of tax | 0.0 | 0.0 | 0.0 | (16.7) | 0.0 | (1.8) | 0.4 | (18.1) | 0.2 | (17.9) |
| Transactions with owners, recorded separately from share-based payments: | ||||||||||
| Dividends recognised as distributions to owners | (0.9) | (0.9) | (0.9) | |||||||
| At 31 December 2020 | 1.0 | 196.1 | 0.2 | (98.4) | 26.8 | (4.4) | 280.3 | 311.6 | 1.6 | 313.2 |
| Profit for the year | 12.5 | 12.5 | 0.1 | 12.6 | ||||||
| Other comprehensive income/(expense) for the year, net of tax: | ||||||||||
| Remeasurement of net defined benefit liability | ||||||||||
| Tax effect | ||||||||||
| Exchange differences on translation of foreign operations | 21.8 | 21.8 | 21.8 | |||||||
| Cash flow hedging | 4.3 | 4.3 | 4.3 | |||||||
| Tax effect | (0.9) | (0.9) | (0.9) | |||||||
| Total comprehensive income/(expense) for the year, net of tax | 0.0 | 0.0 | 0.0 | 21.8 | 0.0 | 3.4 | 12.5 | 37.7 | 0.1 | 37.8 |
| Transactions with owners, recorded separately from share-based payments: | ||||||||||
| Dividends recognised as distributions to owners | (25.1) | (25.1) | (25.1) | |||||||
| At 31 December 2021 | 1.0 | 196.1 | 0.2 | (76.6) | 26.8 | (1.0) | 268.2 | 316.5 | 1.7 | 318.2 |
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1. General information
Keller Group plc (the 'Company') is a public limited company incorporated and domiciled in England and Wales. The registered office is 2 Kingdom Street, London W2 6BD. The Company is listed on the London Stock Exchange. The principal activities of the Group are ground engineering services.
2. Basis of preparation
These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the United Kingdom. They comprise the consolidated financial statements of the Company and its subsidiaries (the 'Group'). The financial statements are prepared on a going concern basis. The financial statements are presented in pounds sterling (£), which is the Group's presentation currency.
3. Significant accounting policies
The significant accounting policies applied in the preparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the periods presented in these consolidated financial statements.
3.1. Basis of consolidation
The consolidated financial statements incorporate the financial statements of the Company and all of its subsidiaries. Subsidiaries are entities over which the Group has control. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to direct the relevant activities of the entity to affect its returns. Subsidiaries are consolidated from the date on which control is transferred to the Group and are de-consolidated from the date that control ceases.
All intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between entities in the Group are eliminated in full.
3.2. Revenue recognition
Revenue is recognised to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Group expects to be entitled in exchange for those goods or services.
The Group provides ground engineering services. Revenue is recognised over time as services are performed based on the stage of completion or at a point in time when control of the asset is transferred to the customer.
3.3. Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and impairment losses. Depreciation is recognised on a straight-line basis over the estimated useful lives of the assets. The estimated useful lives are as follows:
* Plant and machinery: 3 to 15 years
* Vehicles: 3 to 7 years
* Office equipment: 3 to 5 years
* Leasehold improvements: over the lease term or estimated useful life, whichever is shorter.
3.4. Intangible assets
Intangible assets, including goodwill acquired in business combinations, are recognised at cost less accumulated amortisation and impairment losses. Amortisation is recognised on a straight-line basis over the estimated useful lives of the assets.
3.5. Impairment of non-financial assets
Assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs to sell and its value in use.
3.6. Financial instruments
The Group classifies financial instruments at initial recognition as either:
* Amortised cost;
* Fair value through other comprehensive income (FVOCI); or
* Fair value through profit or loss (FVTPL).
The classification depends on the business model for managing the financial instrument and the contractual cash flow characteristics.
3.7. Leases
The Group leases various assets, including property and equipment. Leases are recognised as a right-of-use asset and a corresponding lease liability at the date the lease commences.
3.8. Provisions
Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.
3.9. Income tax
Income tax comprises current tax and deferred tax. Income tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity, in which case the tax is recognised in other comprehensive income or equity, respectively.
Current tax is the amount of income tax receivable/payable in respect of the taxable profit/loss for the period and for prior periods.
Deferred tax is calculated using the balance sheet liability method. Deferred tax assets and liabilities are recognised for all temporary differences arising between the carrying amounts of assets and liabilities in the financial statements and their tax bases.
3.10. Earnings per share
Basic earnings per share are calculated by dividing the profit attributable to owners of the parent by the weighted average number of ordinary shares outstanding during the period. Diluted earnings per share are calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares.
As at 31 December 2021
| Note | 2021 | 2020 | |
|---|---|---|---|
| ASSETS | |||
| Non-current assets | |||
| Investments in subsidiaries | 30 | 1,178.8 | 1,178.8 |
| Total non-current assets | 1,178.8 | 1,178.8 | |
| Current assets | |||
| Trade and other receivables | 10.6 | 12.1 | |
| Cash and cash equivalents | 20 | 10.8 | 2.4 |
| Total current assets | 21.4 | 14.5 | |
| TOTAL ASSETS | 1,200.2 | 1,193.3 | |
| EQUITY AND LIABILITIES | |||
| Equity | |||
| Issued capital | 21 | 1.0 | 1.0 |
| Share premium | 21 | 196.1 | 196.1 |
| Capital redemption reserve | 21 | 0.2 | 0.2 |
| Reserve for exchange differences | 21 | 0.0 | 0.0 |
| Other reserves | 21 | 26.8 | 26.8 |
| Retained earnings | 21 | 976.1 | 969.2 |
| Total equity | 1,200.2 | 1,193.3 | |
| Non-current liabilities | |||
| Borrowings | 23 | 0.0 | 0.0 |
| Total non-current liabilities | 0.0 | 0.0 | |
| Current liabilities | |||
| Trade and other payables | 24 | 0.0 | 0.0 |
| Borrowings | 23 | 0.0 | 0.0 |
| Total current liabilities | 0.0 | 0.0 | |
| Total liabilities | 0.0 | 0.0 | |
| TOTAL EQUITY AND LIABILITIES | 1,200.2 | 1,193.3 |
The Group uses adjusted performance measures to assess and explain the underlying performance of the business. These measures are not defined by IFRS and may not be comparable with similarly titled measures presented by other companies.
The Group's principal adjusted performance measures are:
* Underlying Operating Profit: Operating profit before exceptional items, amortisation of acquired intangibles, and significant non-recurring items.
* Underlying Profit Before Tax: Profit before tax before exceptional items, amortisation of acquired intangibles, significant non-recurring items, and fair value adjustments on acquisitions.
* Underlying Earnings Per Share (EPS): Underlying profit before tax and interest, divided by the weighted average number of ordinary shares outstanding.
| 2021 | 2020 | |
|---|---|---|
| Underlying Operating Profit | £70.0m | £53.5m |
| Operating Profit | £46.7m | £28.0m |
| Add back: Exceptional items | 23.3m | 25.5m |
| Underlying Profit Before Tax | £47.8m | £35.3m |
| Profit before tax | £16.5m | (£2.8m) |
| Add back: Exceptional items | 23.3m | 25.5m |
| Add back: Finance costs | 30.2m | 30.8m |
| Less: Other finance costs | (12.2)m | (18.2)m |
| Underlying Earnings Per Share (EPS) | £0.104 | £0.076 |
| Underlying profit before tax and interest | £35.6m | £17.1m |
| Weighted average number of shares | 287.9m | 287.9m |
| 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|
| Revenue | £1,842.4m | £1,719.1m | £1,849.9m | £1,946.5m | £1,899.7m |
| Operating profit | £46.7m | £28.0m | £103.0m | £131.3m | £140.8m |
| Profit before tax | £16.5m | (£2.8m) | £77.5m | £105.9m | £116.7m |
| Profit for the year | £12.6m | £0.6m | £59.8m | £82.4m | £88.8m |
| Underlying operating profit | £70.0m | £53.5m | £129.2m | £145.9m | £153.4m |
| Underlying profit before tax | £47.8m | £35.3m | £99.7m | £117.6m | £125.7m |
| Underlying EPS | £0.104 | £0.076 | £0.219 | £0.259 | £0.273 |
| Net debt | £178.2m | £149.4m | £129.9m | £89.9m | £67.6m |
| Net assets | £643.7m | £605.0m | £740.4m | £767.8m | £748.8m |
Keller Group plc
2 Kingdom Street
London W2 6BD
+44 20 7616 7575
[email protected]
www.keller.com
The following commentary is a series of unaudited pro forma figures and does not constitute any form of audited financial statement or financial forecast. The pro forma presentation has been prepared in accordance with IAS 1, Presentation of Financial Statements.
Every day, people around the world live, work and play on ground prepared by Keller, the world’s largest geotechnical specialist contractor.# Keller Group plc Annual Report and Accounts 2021 Strategic Report
Whatever the size of the project, we have the people, expertise, experience and financial stability to respond quickly with the optimum solution, execute it safely and see it through to a successful conclusion.
Highlights
Financial highlights
| Underlying | Statutory | |||
|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |
| Operating margin (%) | 4.2 | 5.3 | 3.6 | 3.7 |
| Return on capital employed (%) | 14.4 | 16.4 | 12.5 | 11.5 |
| Profit after tax (£m) | 63.8 | 68.6 | 62.1 | 41.1 |
| Net debt (£m) | 119.4¹ | 120.9¹ | 193.3² | 192.5² |
¹ The net debt is to be paid over to the dividend.
² The net debt is to be paid to the dividend.
Group highlights
For more information See page 18
At its simplest, we get ground ready to build on, providing solutions to geotechnical challenges across the entire construction sector. We have the people, expertise, experience and financial stability to respond quickly and see projects through safely and successfully.
Our purpose
To underpin the market leadership of our businesses, delivering a sustainable profit for our stakeholders.
Strategy
To achieve our sustained market leadership in attractive markets and attractive projects generating sustainable profit, we will:
Our local businesses will leverage the Group’s operational capabilities and expertise to design and deliver engineered solutions, driving market share leadership in our selected segments.
Our values
Our values are what we have judged as most important to how we work with colleagues and customers across the globe.
Our vision
To achieve our vision of market leadership for specialist geotechnical solutions.
| Established employees since 2000 | Acquisitions since 2000 |
|---|---|
| c10,000 | 25 |
1860
| Integrity | Collaboration | Excellence |
|---|---|---|
Keller Group plc Annual Report and Accounts 2021 Strategic Report 02
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For more information See page 20
For more information See page 22
For more information See page 24
What we do
Through our market-leading, specialist geotechnical services, our organisation can design the best solutions that reduce materials, cost and time for our clients.
Our organisation
Industrial services
19 business units
£0.2bn to £0.4bn typical range in project value
£0.03bn average project value
| North America | Europe | AMEA |
|---|---|---|
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For more information See page 12
Keller Group plc Annual Report and Accounts 2021 Strategic Report 03
| 2021 | 2012 | |
|---|---|---|
| Underlying EBITDA | £260m | £140m |
| Operating margin | 4.2% | 3.6% |
| Cash conversion | 110 bps | 8% |
| Dividend CAGR | 16% | 51% |
| Dividend per share (p) | 30% | 110 bps |
Inherently strong cash flow characteristics
Resilient revenues
* Operating globally in a number of sectors gives us the resilience to trade through national cyclicality
* Good access to all markets with no overweight exposure
* Geopolitically secure
Sustainable margins
Cash generative
Firm foundations
Diverse geographies (2021):
| North America | Europe | AMEA |
|---|---|---|
| 40% | 40% | 20% |
Diverse range of contract values (2021):
| Below £250k | £250k to £1m | £1m to £5m | Above £5m |
|---|---|---|---|
| 20% | 20% | 40% | 20% |
Diverse market sectors (2021):
| Deep Foundations | Ground improvement | Specialty grouting | Instrumentation and monitoring | Marine | Earth Retention | Post-tensioning |
|---|---|---|---|---|---|---|
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Diverse products (2021):
| Deep Foundations | Ground improvement | Specialty grouting | Instrumentation and monitoring | Marine | Earth Retention | Post-tensioning |
|---|---|---|---|---|---|---|
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Market Size – Room to grow
| Revenue | Market Share |
|---|---|
| £35bn | Keller 5% |
| Global geotechnical contracting market | General contractors 0.9% |
| £2bn | Marine 8% |
| Keller today | Residential -2% |
Robust asset backed balance sheet with significant funding headroom
Balance sheet strength
* Strong working capital controls aligned to operating cash flow
* Historically strong cash conversion
Comparison to general contractor
* Substantial balance sheet strength, therefore solid to all customers, with a lower risk profile
* High volume short duration contracts
* Minimal inventory
Client risk management
* Established and reputable, leading to a strong customer base
* Thorough credit review process and strong customer relationships
* Credit insurance cover
Credit rating
* NAIC 2c rating (equivalent to Investment Grade)
Quality lender base and strong liquidity
* 79% of LTV funding is over 5 years
* $75m US Private Placement
* 57% of other lending facilities
* £2bn assets under management
* 10-year aggregate underlying EBITDA of £1.6bn
Keller ground engineering
* Early stage
* Lower cyclicality
* Specialist design capability
* Resource base
* Higher margin
* Positive working capital
General construction
* Longer, larger projects
* Operational flexibility
* Higher cyclicality
* Integration of suppliers and subcontractors
* Low asset base
* Low to negative working capital
Keller versus general contractor – business model
Specialist project profile
* Geotechnical solutions: niche sub-sector with operating margins of 5%+ (10-year average)
* Typically geotechnical contracting is around 0.5% of the construction market
Proprietary equipment and specialist skills
* Dedicated project management, health & safety and environmental teams to move between markets to match local demand
* 1,500 geotechnical engineers; over 200 operational managers
* 30% of value engineering can reduce cost by up to 40% and save time
* Procurement and project delivery of our own equipment where there is competitive advantage to do so
£35bn Global geotechnical contracting market
£2bn Keller today
Keller Group plc Annual Report and Accounts 2021 Strategic Report 04
Strong governance
Focused strategy
Sustainable future
To achieve our sustained market leadership in attractive markets and attractive projects generating sustainable profit, we will:
Our local businesses will leverage the Group’s operational capabilities and expertise to design and deliver engineered solutions, driving market share leadership in our selected segments.
Industry leading health and safety performance (See pages 58 to 61)
Sustainability – our definition and focus (See page 42 for our ESG and sustainability report)
Engineered solutions
We offer our clients the best solutions by providing alternatives and value engineering, and invest in innovation and digitisation
Operational excellence
We are the operational leader providing knowledge, information, on-time and reliable delivery and relentlessly strive to improve our operational capability
Expertise and scale
We develop our people, processes and assets and deliver the best technical, operational, commercial and human capital
Balanced portfolio
We select sustainable markets (geography, sector and products) in which to set up base businesses, and attractive projects
We operate in nearly all major metropolitan areas around the world and have the resources and skills to deliver to this scale and complexity.
Our objectives
| Accident frequency rate | |
|---|---|
| 2021 | 1.2 |
| 2012 | 0 |
Strong Board and experienced management
Subcommittees and their remit in
Board
* See pages 70, 71 and 82
Executive Committee
* Overview of ‘A’ and ‘B’ for Executive Committee
* Four nationalities
* 27% female representation
Executive Committee
* Overview of ‘A’ and ‘B’ for Executive Committee
* Five nationalities
* 18% female representation
Keller Group plc Annual Report and Accounts 2021 Strategic Report 05
Keller undoubtedly proved its resilience in 2021, overcoming the many challenges posed by COVID-19, completing the refinancing of its debt and undertaking a series of bolt-on acquisitions, delivering another strong year of underlying performance and significant progress on our strategy.
This time last year, the world was gripped by the uncertainty of the pandemic, and we said that the late cycle nature of our businesses did not offer immunity from the associated short-term economic impact as we went into 2021. Whilst the pandemic continued to impact the Group during the year, we successfully navigated the challenges posed by ongoing restrictions, protecting our employees at the same time as progressing our projects, large and small, while still delivering on our strategy.We made good progress during the year, delivering a ö÷õòñêĤñäñæìäïóèõéòõðäñæèäåòùèðäõîè÷ èûóèæ÷ä÷ìòñöäñççèðòñö÷õä÷ìñê÷ëèõèöìïìèñæè òéòøõòóèõä÷ìñêðòçèï Õèçäñçèûèæø÷èçåüòøõïèäçèõöëìó÷èäðúè have made good progress delivering on our ö÷õä÷èêü÷òåè÷ëèóõèéèõõèçìñ÷èõñä÷ìòñäï êèò÷èæëñìæäïöóèæìäïìö÷æòñ÷õäæ÷òõéòæøöèç on sustainable markets and attractive projects, êèñèõä÷ìñêïòñê¡÷èõðùäïøèéòõòøõö÷äîèëòïçèõö àèëäùèðäçèéøõ÷ëèõö÷õìçèöìñõä÷ìòñäïìöìñê÷ëè óòõ÷éòïìòäöúèïïäöäöðäïïñøðåèõòéä÷÷õäæ÷ìùè bolt-on acquisitions that all help advance our strategy. In what was operationally another challenging year, our successes can be attributed ÷òòøõïèäçèõöêïòåäïïüäñç÷ëèìõéòæøöòéïèäçìñê åüèûäðóïèäñçèðóïòüìñêòøõæòõèùäïøèöòé ìñ÷èêõì÷üæòïïäåòõä÷ìòñäçõìùèéòõõèöøï÷öäñç òùèõäïïèûæèïïèñæèÒúòøïçïìîè÷ò÷ëäñîòøõ èûæèó÷ìòñäïóèòóïèäõòøñç÷ëèúòõïçñò÷òñïüéòõ ÷ëèìõëäõçúòõîåø÷äïöòéòõ÷ëèìõõèöìïìèñæèäñç determination which have ensured that we are èðèõêìñêö÷õòñêèõéõòð÷ëèóäñçèðìæ Ôèïïèõæòñ÷ìñøèç÷òêèñèõä÷èëèäï÷ëüæäöëĥòúö that we have re-invested in our business as well äöçèïìùèõìñêöøö÷äìñäåïèæäöëõè÷øõñöìñ÷ëèéòõð òéçìùìçèñçö÷òòøõöëäõèëòïçèõö Chairman’s statement Peter Hill CBE GHPRQVWUDWHGWKHUHPDUNDEOH resilience of our company, this stands us in good stead for 2022 and the years ahead. Keller Group plc Annual Report and Accounts 2021 Strategic Report06
Ýëèëèäï÷ëöäéè÷üäñçúèïïåèìñêòéòøõ èðóïòüèèöìöòéø÷ðòö÷ìðóòõ÷äñæèäñç÷ëè õìêòøõ÷ëä÷ìöçèóïòüèçìñ÷ëìöäõèäìöõèĥèæ÷èç in our continued overall improving trends. The Ðõòøóđöäææìçèñ÷éõèôøèñæüõä÷è¤ÊÏÛ¥õèçøæèç by 42% compared with 2020, and our AMEA Division had an outstanding year, achieving an ÊÏÛòéýèõòàèäõèùèõüóõòøçòéòøõìñçøö÷õü¡ ïèäçìñêóèõéòõðäñæèäñçìðóõòùìñê÷õäæîõèæòõç Ñòúèùèõä÷÷ëèåèêìññìñêòé÷ëèüèäõä÷õäêìæ éä÷äïì÷üòææøõõèçéòïïòúìñêäñäææìçèñ÷òñäöì÷èìñ Austria in which we lost a long-serving and valued employee. Whilst it has been determined Keller úäöñò÷ä÷éäøï÷éòõ÷ëèäææìçèñ÷÷ëèìñæìçèñ÷ëäö æäøöèçøö÷òõèçòøåïèòøõèģòõ÷öäñçúèëäùè æòñ÷ìñøèç÷òäçùäñæèòøõöäéè÷üóõòêõäððèö The global COVID-19 pandemic continued to create operational challenges in 2021. The Group has actively encouraged and supported employees to become vaccinated against COVID-19 wherever possible. However, I’m greatly saddened that as a Group we have lost eight colleagues due to COVID-19 related illness. àëìïö÷úèåèïìèùèñòñèòé÷ëèöèæäöèöúèõè related to the workplace, we have taken great æäõèìñöøóóòõ÷ìñê÷ëèéäðìïìèö÷ëõòøêë÷ëèìõ åèõèäùèðèñ÷öÝëèùäææìñä÷ìòñö÷ä÷øöòé÷ëòöè ÷ëä÷ëäùèçìèçìöæòñöìö÷èñ÷úì÷ë÷ëèèû÷èõñäï benchmark globally and supports our active äóóõòäæë÷òèñæòøõäêèòøõúòõîéòõæèìñ becoming vaccinated. Òñõèæòêñì÷ìòñòé÷ëèåèñèĤ÷òééõèèùäææìñä÷ìòñ ÷ëä÷ðäñüòé÷ëèÐõòøóđöèðóïòüèèöäñç÷ëèìõ éäðìïìèöëäùèõèæèìùèçéõòð÷ëèìõñä÷ìòñäï êòùèõñðèñ÷ö÷ëèËòäõçäóóõòùèçäéøñçìñê æòñ÷õìåø÷ìòñòé|# ÷òÞ×ÒÌÎÏđöÌØßÒÍ¡!) ßäææìñèöÊóóèäïÝëìöäðòøñ÷äóóõòûìðä÷èïü èôøä÷èö÷ò÷ëèæòö÷òéùäææìñèö÷ëèÔèïïèõ úòõîéòõæèäñç÷ëèìõìððèçìä÷èéäðìïìèöäñçìö ëèïóìñêÞ×ÒÌÎÏçèïìùèõ!)åìïïìòñçòöèöòé ùäææìñèöéòõ éõòñ÷ïìñèëèäï÷ëúòõîèõööòæìäï workers, teachers and those at highest risk. In an ever-changing world, it has never been more important to support employee health and úèïïåèìñêàèõèæòêñìöè÷ëìöäñç÷ëèõèéòõè ïäøñæëèçòøõĤõö÷¡èùèõàèïïåèìñêÏòøñçä÷ìòñö which helps our business units support and develop the body, mind, community, growth äñçĤñäñæìäïöèæøõì÷üúèïïåèìñêòéòøõ employees worldwide.
Êö÷ëèÍìõèæ÷òõõèöóòñöìåïèéòõÎÜÐäñç sustainability on the Board, I am passionate and æòððì÷÷èç÷ò÷ëìö÷òóìæÝòõèĥèæ÷÷ëèêõòúìñê ìðóòõ÷äñæèòéÎÜÐðä÷÷èõöäñç÷òóõòùìçè êõèä÷èõéòæøöäñçòùèõöìêë÷úèäññòøñæèçìñ July that the Board had established two new Board Committees: the Environment Committee and the Social and Community Committee. In addition, the Audit and the Nomination Committees were renamed the Audit and Risk Committee and the Nomination and Governance Ìòððì÷÷èèõèöóèæ÷ìùèïü÷òåè÷÷èõõèĥèæ÷ their remits. Further detail with regard to the ðèðåèõöëìóäñç÷èõðöòéõèéèõèñæèéòõ÷ëèöè Ìòððì÷÷èèöæäñåèéòøñçòñóäêè'( àèçèĤñèÎÜÐäñçöøö÷äìñäåìïì÷üäææòõçìñê÷ò òøõéòøõÙöÙïäñè÷ÙèòóïèÙõìñæìóïèöäñç ÙõòĤ÷äåïèóõòíèæ÷öËèñèä÷ëèäæëÙúèëäùèä ñøðåèõòéêïòåäïäñçïòæäïìñì÷ìä÷ìùèöäïìêñèç÷ò the UN Sustainable Development Goals (SDGs). Ýëèöèóõòùìçèäæòððòñïäñêøäêèéòõøö÷ò communicate sustainability initiatives to our ö÷äîèëòïçèõöúòõïçúìçèÒñ÷èõðöòéêïòåäï ìñì÷ìä÷ìùèöøñçèõÙïäñè÷úèéòæøöòñæäõåòñ õèçøæ÷ìòñ¤ÜÍÐ!#¥øñçèõÙèòóïèúèéòæøöòñ öäéè÷ü¤ÜÍÐ#¥äñçêèñçèõèôøäïì÷ü¤ÜÍÐ%¥äñç øñçèõÙõìñæìóïèöúèéòæøöòñêòòçêòùèõñäñæè ¤ÜÍÐ!&¥Òñäççì÷ìòñ÷ëèõèäõèäñøðåèõòéò÷ëèõ SDG initiatives that are being supported at local business level that are relevant and appropriate ÷ò÷ëèìõæòððøñì÷üæòñ÷èû÷Ïøõ÷ëèõçè÷äìïæäñåè éòøñçòñóäêè$" Òðóòõ÷äñ÷ïüìñõèöóèæ÷òéæäõåòñõèçøæ÷ìòñ úèëäùèöè÷äðåì÷ìòøöäñçäæëìèùäåïèñè÷ýèõò targets by 2050. We believe that carbon targets are essential to mitigate global climate-related risks while we pursue climate-related opportunities in our operations and contracts. We divide our emission targets using the scopes set out in the Greenhouse Gas Protocol. We will åèñè÷ýèõòäæõòööäïï÷ëõèèèðìööìòñöæòóèöåü " % ñè÷ýèõòòñÜæòóè"åü" # ñè÷ýèõòòñ Üæòóè!åü" $ äñçñè÷ýèõòåü" % òñ Operational Scope 3. We have begun implementing the short, medium and long-term actions required to achieve these goals, helping ÷ëèÐõòøóïìùèøó÷òì÷öóøõóòöèòéĐåøìïçìñê÷ëè éòøñçä÷ìòñöéòõäöøö÷äìñäåïèéø÷øõèđØøõéøïï report on ESG and sustainability is set out on pages 42 to 65.
The Directors have acted to promote the VXFFHVVRIWKHFRPSDQ\IRUWKHEHQHƬWRI shareholders, whilst having regard to the matters listed in section 172 of the Companies Act 2006 during 2021. In addition, the Board and the company fully applied the principles and complied with the provisions of the UK Corporate Governance Code. For more information See pages 69 and 76 Keller Group plc Annual Report and Accounts 2021 Strategic Report 07
We are very proud of our dividend history, we have consistently increased or maintained the dividend over the last \HDUVVLQFHƬUVWOLVWLQJRQWKH/RQGRQ 6WRFN([FKDQJHRQHRIRQO\DIHZ8. listed companies to have achieved this. Chairman’s statement continued
We have many ongoing initiatives under our People agenda. Having launched our Inclusion Ìòððì÷ðèñ÷öòøõéòæøöìñ" "!úäöòñêìùìñê our teams the understanding and the means to contribute to our aspiration to become a diverse, equitable and inclusive workplace. Êñìðóòõ÷äñ÷óäõ÷òéêòòçêòùèõñäñæèìö ïìö÷èñìñê÷òäñçøñçèõö÷äñçìñê÷ëèùìèúöòéòøõ ö÷äîèëòïçèõöÝòúäõçö÷ëèèñçòé÷ëèüèäõúè commissioned a third party to undertake an ìñçèóèñçèñ÷äøçì÷òéäñøðåèõòéìñùèö÷ðèñ÷ managers. The outcome has not only enabled ÷ëèËòäõç÷òòå÷äìñäçèèóèõïèùèïòé øñçèõö÷äñçìñêòé÷ëèùìèúöòéòøõöëäõèëòïçèõö and potential investors, but also gives the Îûèæø÷ìùèðäñäêèðèñ÷äççì÷ìòñäïìñóø÷äö÷ëèü éòõðøïä÷è÷ëèö÷õä÷èêüéòõ÷ëèðèçìøð÷èõð àèúìïïõèóèä÷÷ëèèûèõæìöèìñ÷ëèéø÷øõèöò÷ëä÷ úèæäñðäìñ÷äìñäðòðèñ÷øðòéæòñ÷ìñøòøö improvement and monitor our progress.
When I arrived in 2016, I set out an ambition ÷òëäùèäËòäõçéõòððøï÷ìóïèìñçøö÷õìèöäñç geographies that had varied and valuable èûóèõìèñæèöäöúèïïäöêèñçèõäñçè÷ëñìæçìùèõöì÷ü àèëäùèäæëìèùèç÷ëä÷êòäïÒåèïìèùè÷ëä÷çìģèõèñ÷ ùìèúóòìñ÷öäñçèûóèõìèñæèöèñöøõè÷ëä÷åè÷÷èõ ìñéòõðèççèæìöìòñöäõèðäçèúëèñäóóïüìñê judgements in challenging circumstances. We have made great strides in achieving a diverse Board, óäõ÷ìæøïäõïüìñõèöóèæ÷òééèðäïèõèóõèöèñ÷ä÷ìòñ úëìæëúìïïö÷äñçä÷$#]éòïïòúìñê÷ëèÊÐÖ àèëäùèðè÷òõèûæèèçèç÷ëèçìùèõöì÷ü÷äõêè÷öúè set ourselves in the Board’s Diversity Policy and as õèæòððèñçèçåü÷ëèÑäðó÷òñ¡Êïèûäñçèõäñç ÙäõîèõÛèùìèúöúëìæëöè÷÷äõêè÷öòéä##]éèðäïè öëäõèòéËòäõçÍìõèæ÷òõöåü" " äñçäðìñìðøð òéòñèËòäõçÍìõèæ÷òõéõòðäñè÷ëñìæðìñòõì÷ü background by 2022. On 1 February, we announced the appointment òéÓøäñÐÑèõñžñçèýÊåõäðöúëòëäöíòìñèç ÷ëèËòäõçäöäñìñçèóèñçèñ÷×òñ¡èûèæø÷ìùè Íìõèæ÷òõäñçúìïïåèÌëäìõòé÷ëèÎñùìõòñðèñ÷ Committee. His biography is set out on page 70. Óøäñåõìñêöõìæëäñççìùèõöèèûóèõìèñæè÷ò÷ëè Board and I warmly welcome him to Keller. Øñåèëäïéòé÷ëèËòäõçÒúòøïçïìîè÷òóäü÷õìåø÷è ÷ò×äñæüÝøòõÖòòõèéòõëèõöìêñìĤæäñ÷ contribution since joining the Board as a ×òñ¡èûèæø÷ìùèÍìõèæ÷òõìñ" !$äñçëèõùäïøäåïè input at various committees – the Audit, ×òðìñä÷ìòñÛèðøñèõä÷ìòñäñçàòõîéòõæè Îñêäêèðèñ÷äñçÌëäìõòé÷ëèÑèäï÷ëÜäéè÷ü Environment and Quality Committee. The Board äñç÷ëèúìçèõÐõòøóëäùèåèñèĤ÷÷èçêõèä÷ïü éõòðëèõèû÷èñöìùèîñòúïèçêèäñçèûóèõìèñæè óäõ÷ìæøïäõïüòé÷ëèÞÜèñêìñèèõìñêäñç construction sector, and we wish her well.## Strategic Report
Even through very challenging times we have consistently increased or maintained the earnings of our Divisions over the last 12 months. This is due to a strong execution of our strategy, a focus on operational excellence and the resilience of our diverse portfolio of services. We also expect this to continue to be the case in 2022.
The Board is pleased to propose a final dividend of 10.2p per share (2020: 9.8p) which, together with the interim dividend of 7.1p per share paid on 12 January 2022, represents a total dividend for 2021 of 17.3p per share. Subject to shareholder approval at the AGM, this will be paid on 1 July 2022 to shareholders on the register at the close of business on 6 June 2022.
Peter Hill CBE
Chairman
This has been approved by the Board of Keller Group plc and signed on its behalf by:
Keller Group plc Annual Report and Accounts 2021 Strategic Report 08
The team has also reduced cement usage on our contracts for HS2, the next phase of the UK’s high-speed rail network and Europe's largest infrastructure project. In the case of the construction of the Victoria tunnels, we have reduced cement usage by 16% by optimising our mix design and, in the case of the Victoria station platforms, we have reduced cement usage by 7% by using a higher proportion of cement kiln dust (CKD) and substituting it for Portland cement. Where possible, we have also been able to use PFA (pulverised fly ash) or GGBS (ground granulated blast furnace slag) to further reduce the use of cement.
Where Keller is installing large-diameter bored piles, the drill rigs are able to reuse waste bentonite, drastically reducing the amount of spoil and the associated transport costs.
All the trial grouting methods have been captured in a carbon reduction guide. This will be shared with the wider organisation to help disseminate best practice and share our learning.
As a large-scale, long-term project, with a sustainability-focused client, HS2 provides the perfect opportunity to explore various carbon-reduction methods. Sharing the lessons learnt will help inform our colleagues on other projects around the world what is possible.
David De Sousa Neto
Deputy UK Managing Director
Keller is trialling carbon reduction measures on HS2, the next phase of the UK’s high-speed rail network and Europe’s largest infrastructure project. Improvements include running static plant with electricity where possible rather than diesel, and replacing diesel with hydrotreated vegetable oil (HVO) in several drilling rigs. HVO can be used in regular diesel engines and reduces CO₂ by a massive 90%.
Where we have been able to use HVO, we have achieved significant savings of CO₂. In the case of the Victoria station platforms, we have already saved 20 tonnes of CO₂ compared to using diesel. This also had the added benefit of improving air quality and reducing noise.
Keller Group plc Annual Report and Accounts 2021 Strategic Report 09
| Sources: Keller accounts, IHS Global Insight, GlobalData and other local sources. |
Our purpose is to build the foundations for a sustainable future. While we are the world’s largest geotechnical specialist contractor, we still have potential to grow our market share in our chosen regions. Our business units are designed to understand their local markets whilst leveraging the Group’s scale and expertise. This combination delivers the engineered solutions and operational excellence that drive market leadership.
Our projects are spread across all construction sectors and vary in scale, location, end use and geotechnical technique. Project value is typically between £25k and £10m, usually short duration and with an average value of £500k.
Our clients are increasingly looking for solutions that help them minimise the environmental impact of their projects. They are also looking for contractors that can support them in meeting their own sustainability targets. We are ideally placed to offer these solutions.
The geotechnical market is estimated¹ to be around £35bn worldwide, which includes China, India, Brazil and other countries where we are not present. In the countries where we choose to operate our core markets are around £16bn. We choose to operate in sustainable markets that:
While as an aspiring FTSE 250, we have a 13% share of those core markets today, and plenty of opportunity to achieve further penetration of our services.
Keller Group plc Annual Report and Accounts 2021 Strategic Report 10
| SHARE OF OUR 2021 REVENUE | |
|---|---|
| Infrastructure/major projects | 36% |
| Other | 21% |
| Buildings/infrastructure | 21% |
| Residential | 20% |
| Marine | 2% |
Despite the immediate impact of the COVID-19 and sanctions, the long-term trends in the global construction market remain positive. Our Group strategy is designed to capitalise on these trends.
As populations grow and urbanise, there is an imperative to invest in new and greater capacity. Geotechnical solutions are essential and large-scale and cramped metropolitan environments can present additional technical challenges. We have the resources and skills to deliver to this market and the proven ability to team up with other organisations and partners.
Geotechnical solutions increasingly require multiple products. Our broad solutions portfolio ensures we can adapt and provide a complete solution while our project management capabilities mean we can integrate other subcontractors and deliver integrated solutions. This reduces the need for end customers to manage and reduces risk.
The construction market is becoming more digital and sites are increasing in complexity and sophistication. This leads to a robust long-term outlook. We leverage our in-house equipment, data acquisition systems and market-leading data acquisition systems to control and record our solutions, and deliver integrated solutions for the benefit of the supply chain. We can integrate instrumentation and monitoring solutions and are Building Information Modelling (BIM) capable.
Growth in cities is driving demand for sophisticated solutions. Larger, taller structures need more technically demanding foundations to support the building loads and provide resilience against climate change and other impacts of natural events such as high wind levels or earthquakes. We have a proven track record in delivering projects in challenging ground conditions and in difficult urbanised areas. This local presence keeps us close to our customers and the opportunities.
There is a desire to convert more brownfield sites and develop previously undeveloped land. Professional geotechnical solutions can help in releasing the development potential of otherwise challenging sites. Our world-leading geotechnical expertise, alongside our demolition, scaffolding and near shore marine capability, mean we can tackle challenges when working on brownfield sites or develop land.
We have a large client spread which means we’re not overly reliant on a single customer. This is consistent with the prior year, and in 2021 our largest customer represented 3% of the Group’s revenue. We mostly serve as a prime contractor; however, sometimes we also contract directly with ultimate client organisations.
Geotechnical specialist contracting is an important but niche sub-sector that commands higher margins than general construction. Typically geotechnical contracting is around 4.2% of the construction market.
Keller Group plc Annual Report and Accounts 2021 Strategic Report 11
Driving growth within the Group is achieved through a market-led, geotechnically focused approach to the market, developing the unique skills of the Group, delivering high quality, and providing a complete solution.
We work across all divisions on the sourcing and development of opportunities, value engineering input and advising on construction processes.
Our solutions are developed and refined through innovation, and this is evidenced through other applications including earth retention, urban redevelopment and near shore marine structures. We are at the beginning of the construction cycle and often one of the first contractors on site.# Our key resources
What we need to make our business model work
Øøõ÷õäæîõèæòõçòéöøææèööéøïóõòíèæ÷öìöòñïüóòööìåïè åèæäøöèòé÷ëèóäööìòñæòððì÷ðèñ÷äñçèñ÷ëøöìäöðòé÷ëè æ! óèòóïèúëòúòõîéòõÔèïïèõúòõïçúìçèàì÷ëèû÷èñöìùè óõòçøæ÷îñòúïèçêèäñçäçèèóøñçèõö÷äñçìñêòé÷ëèìõïòæäï markets, customers and ground conditions, our teams are èðóòúèõèç÷òðäîèçèæìöìòñöĐæïòöè÷ò÷ëèêõòøñçđÝëìöìö äöìêñìĤæäñ÷ðò÷ìùä÷òõúëìæëèñäåïèöøö÷òä÷÷õäæ÷äñçõè÷äìñ öòðèòé÷ëèìñçøö÷õüđöåèö÷÷äïèñ÷Øñæèóèòóïèæëòòöè ÷òíòìñøö÷ëèüêèñèõäïïüæëòòöè÷òö÷äüðäñüéòõ÷ëèìõ entire career.
Øøõñè÷úòõîòéåõäñæëèöèñöøõèö÷ëä÷úèåøìïçö÷õòñêïòæäï relationships with our customers that give us insight into market developments and help us stay responsive and æòðóè÷ì÷ìùèàèäìð÷òèñêäêèéõòð÷ëèèäõïìèö÷ö÷äêèòéä óõòíèæ÷öòúèæäñäóóïüòøõèñêìñèèõìñêèûóèõ÷ìöè÷òçõìùèéòõëìêë¡ùäïøèöòïø÷ìòñö÷ëä÷õèçøæè÷ëèæòö÷éòõæïìèñ÷öúëìïö÷ ìðóõòùìñêòøõòúñóõòĤ÷äåìïì÷ü
àèëäùèäðäõîè÷¡ïèäçìñêóòõ÷éòïìòòéóõòçøæ÷öäñçöèõùìæèö åäæîèçúì÷ëéøïïÌòðóø÷èõÊìçèçÍèöìêñ¤ÌÊÍ¥äñçËøìïçìñê Òñéòõðä÷ìòñÖòçèïïìñê¤ËÒÖ¥æäóäåìïì÷üàèëäùèäĥèè÷ æòðóõìöìñêðòõè÷ëäñ!" õìêöäñçæõäñèöäñç÷ëèĥèûìåìïì÷ü to move equipment between markets to match local çèðäñçàèäïöòðäñøéäæ÷øõèäñçöèõùìæèòøõòúñöóèæìäïìö÷ equipment which provides us with a competitive advantage in particular product streams.
Ýäõêè÷ìñêóõòĤ÷äåïèðäõîè÷ö÷ëä÷ùäïøèêèò÷èæëñìæäï öòïø÷ìòñöêèñèõä÷èöïòñê¡÷èõðùäïøèéòõòøõö÷äîèëòïçèõö
Our strong balance sheet and cash generation allow us to maintain key resources through the market cycle, reinvest éòõêõòú÷ëäñçðäìñ÷äìñöëäõèëòïçèõçìö÷÷ìåø÷ìòñö
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• Our unrivalled branch network and îñòúïèçêèòéïòæäïðäõîè÷öäñç ground conditions means we’re ideally placed to understand and respond to a particular local engineering challenge.
• Our global knowledge base allows us ÷ò÷äóìñ÷òäúèäï÷ëòéèûóèõìèñæèäñç the brightest minds in the industry, ÷òĤñç÷ëèòó÷ìðøðöòïø÷ìòñòé÷èñ combining multiple products. This ìðóõòùèöõèöøï÷öéòõæøö÷òðèõöäñç óõòĤ÷äåìïì÷üéòõÔèïïèõ
• Our local businesses æïòöè÷ò÷ëèìõ markets and with enduring customer õèïä÷ìòñöëìóöìçèñ÷ìéü demand.
• A global network supports cross- border collaboration on opportunities (especially important éòõðäíòõóõòíèæ÷ö¥
• Design engineers äñçæòö÷èö÷ìðä÷òõö with local ground knowledge and capacity create optimum solutions.
• ÊöìêñìĤæäñ÷óòõ÷ìòñ òéúòõîìöúòñåäöèç òñçèöìêñäñçåøìïç tenders.
• Supported by a êïòåäïñè÷úòõîúëò äööìö÷úì÷ëöòïø÷ìòñ development.
ØøõÙõòíèæ÷Õìéèæüæïè Management (PLM) Standard ensures that we implement adequate procedures, reviews and æòñ÷õòïöä÷äïïóëäöèöòé ÷ëèóõòíèæ÷ïìéèæüæïè
Keller Group plc Annual Report and Accounts 2021
Strategic Report
12
• Ýëõòøêëîñòúïèçêè÷õäñöéèõ çèùèïòóðèñ÷òéèûìö÷ìñêäñç äæôøìöì÷ìòñòéñèú÷èæëñìôøèö innovation and digitisation, our engineers have access to the úìçèö÷õäñêèòéöòïø÷ìòñö÷ò solve challenges across the entire construction sector.
• We take a leadership role in the geotechnical industry with many òéòøõ÷èäðóïäüìñêîèüõòïèöìñ óõòéèööìòñäïäööòæìä÷ìòñöäñç industry activities around the world.
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• Øøõèûóèõìèñæèòéóõòíèæ÷æòñ÷õäæ÷ìñê built over many decades, combined with our Group scale, make us a trusted and reliable partner.
• àèëäùèäóõòùèñ÷õäæîõèæòõçòéòñè òé÷ëèïòúèö÷äææìçèñ÷éõèôøèñæüõä÷èö in our industry.
• We are committed to better understand our contribution to sustainable development and work collaboratively with our customers and stakeholders to reduce potential impacts.
• Ìòððì÷ðèñ÷÷òóõòùìçèäöäéèúòõîóïäæèäñçóõòðò÷èðèñ÷äï health and wellbeing.
• A diverse, inclusive environment in which employees can thrive õèêäõçïèööòéåäæîêõòøñçìçèñ÷ì÷üäñçæìõæøðö÷äñæèö
• Stable employment with opportunities to develop and progress, including internationally.
• Commercial teams trained in relevant local laws set up contracts.
• Ùõòçøæ÷¡öóèæìĤæoperations teams, òé÷èñøöìñê specialist equipment, deliver èĦæìèñ÷ïüäñç èģèæ÷ìùèïü¤÷ò quality and schedule) and respond to any issues that arise.
• Project leadership secures client öìêñ¡òģäñç payment.
• Lessons learnt äõèõè÷äìñèçäñç ÷õäñöéèõõèç÷ò÷ëè õèö÷òé÷ëèÐõòøó
| Employees | Customers | Shareholders | Communities |
|---|---|---|---|
| • ÊĐòñè¡ö÷òóöëòóđéòõæòö÷¡èģèæ÷ìùèêèò÷èæëñìæäïöòïø÷ìòñö õèçøæìñê÷ëèìñ÷èõéäæèõìöîéòõæïìèñ÷öòéçèäïìñêúì÷ëðøï÷ìóïè suppliers. | • Òñ¡çèó÷ëîñòúïèçêèòéïòæäïðäõîè÷öäñçêõòøñçæòñçì÷ìòñö æòðåìñèçúì÷ëäúèäï÷ëòéèûóèõìèñæè÷ëõòøêëòøõêïòåäï knowledge base. | • Õèäçìñêëèäï÷ëöäéè÷üäñçèñùìõòñðèñ÷äïóèõéòõðäñæè | • Êôøäïì÷üïèñçèõåäöèäñçöøåö÷äñ÷ìäïéäæìïì÷ìèö |
| • Stable business with a robust balance sheet. | • Òñëèõèñ÷ïüö÷õòñêæäöëĥòúæëäõäæ÷èõìö÷ìæö | • Ê"'¡üèäõëìö÷òõüòéøñìñ÷èõõøó÷èççìùìçèñçö | • Local employment opportunities, directly and indirectly. |
| • Continued growth opportunities. | • Êéòæøöòñ÷ëèÞñì÷èç×ä÷ìòñöÜøö÷äìñäåïèÍèùèïòóðèñ÷Ðòäïö where we can have the greatest impact. | ||
| • Êæòððì÷ðèñ÷÷òõèçøæìñê÷ëèæäõåòñìñ÷èñöì÷üòéòøõúòõîäñç ìñæõèäöìñê÷ëèôøäïì÷üäñçêõäñøïäõì÷üòéòøõæäõåòñõèóòõ÷ìñê | |||
| • Participation in many community and charitable events locally. |
c10,000 (employed globally)
6,000 (contracts)
£25.9m
¤÷ò÷äïóõòóòöèçéøïï¡üèäõçìùìçèñç¥
B (CDP score – above sector average)
Keller Group plc Annual Report and Accounts 2021
Strategic Report
13
In a year that has seen COVID-19 continue to challenge our business in so many ways, I am óõòøçòéëòú÷ëèÔèïïèõ÷èäðëäùèúòõîèç together, demonstrating resilience and agility ìñöäéèêøäõçìñêòøõóèòóïèúëìïèöøóóòõ÷ìñê ÷ëèæòñ÷ìñøìñêóèõéòõðäñæèäñççèùèïòóðèñ÷ òéòøõåøöìñèööàèëäùèëäçäöøææèööéøïüèäõ çèïìùèõìñêĤñäñæìäïõèöøï÷öäëèäçòéðäõîè÷ èûóèæ÷ä÷ìòñöäñçöøææèööéøïïüèûèæø÷ìñêòøõ strategy in very challenging market conditions. àèäïöòðäçèéøõ÷ëèõóõòêõèööìñòóèõä÷ìòñäï öäéè÷üúì÷ëä$"]ìðóõòùèðèñ÷ìñòøõòùèõäïï äææìçèñ÷éõèôøèñæüõä÷è Êöúèóõèçìæ÷èçìñ÷ëèöøððèõòé" " ÷ëè èģèæ÷òé÷ëèÌØßÒÍ¡!)óäñçèðìæìðóäæ÷èç Keller most markedly in 2021, later than other sectors, evidenced by reduced market demand and an associated operating margin compression. We anticipated correctly the timing òé÷ëèìñĥèæ÷ìòñóòìñ÷ðäõîìñê÷ëèøó÷øõñìñ çèðäñçä÷äõòøñç÷ëèëäïéúäüóòìñ÷ìñ÷ëèüèäõ We delivered a stronger volume growth than äñ÷ìæìóä÷èçóäõ÷ìæøïäõïüìñ÷ëèöèæòñçëäïéúì÷ë öìêñìĤæäñ÷æòñ÷õäæ÷úìñöäñçëèïóèçåü äæôøìöì÷ìòñöåò÷ëòéúëìæëúìïïåèñèĤ÷ óèõéòõðäñæèìñ" ""Ñòúèùèõòøõ" "! òóèõä÷ìñêóõòĤ÷úäöñèêä÷ìùèïüìðóäæ÷èç primarily by the COVID-19 adverse pressure on market pricing and operational disruption. Êï÷ëòøêë÷ëèÐõòøóëäööøģèõèçëìêëèõðä÷èõìäï äñçúäêèìñĥä÷ìòñòøõåøöìñèööèöëäùèåèèñïäõêèïüöøææèööéøïìñóäööìñê÷ëèðäíòõì÷üòé÷ëèöè increased costs to our customers, with the èûæèó÷ìòñòéö÷èèïö÷õäñçìñ÷ëèÜøñæòäö÷ High-Rise business. Notwithstanding the tougher market conditions, ÷ëèÐõòøóçèïìùèõèçäõèöìïìèñ÷óèõéòõðäñæèäñç éøõ÷ëèõöìêñìĤæäñ÷ö÷õä÷èêìæóõòêõèööìñ÷ëèüèäõ æòñ÷ìñøìñê÷òåõìñêðòõèéòæøö÷ò÷ëèóòõ÷éòïìòåü èûì÷ìñêñòñ¡æòõèåøöìñèööèöäñçèûèæø÷ìñê several acquisitions that build our market share in our chosen markets. We have continued the óõòêõèööìùè÷õäñöéòõðä÷ìòñòé ÷ëèÐõòøóìñ÷òäðòõèèĦæìèñ÷ðòõèéòæøöèç higher-quality business, with industry-leading margins, achieving sustainable operational çèïìùèõüäñçæäöëêèñèõä÷ìòñàèèûóèæ÷÷òöèè éøõ÷ëèõåèñèĤ÷öéõòð÷ëèöèìñ" ""Øøõõèæòõç order book, now standing at £1.3bn, also gives øöæòñĤçèñæèéòõ÷ëèéø÷øõè
In a year that has seen COVID-19 continue to challenge our business in so many ways, I am proud of how the Keller team have ZRUNHGWRJHWKHUGHPRQVWUDWLQJUHVLOLHQFH and agility in safeguarding our people, while supporting the continuing performance and development of our business.
Keller Group plc Annual Report and Accounts 2021
Strategic Report
14
Group revenue was £2,224.4m, 13% up on the prior year on a constant currency basis, driven by increased activity as markets began to õèæòùèõóäõ÷ìæøïäõïüçøõìñê÷ëèöèæòñçëäïé úì÷ëöìêñìĤæäñ÷æòñ÷õäæ÷úìñö÷òêè÷ëèõúì÷ë÷ëè åèñèĤ÷òéöèùèõäïåòï÷¡òñäæôøìöì÷ìòñö÷ëä÷äõè èûóèæ÷èç÷òåèñèĤ÷÷ëèåò÷÷òðïìñèìñ" "" Þñçèõïüìñêòóèõä÷ìñêóõòĤ÷çèæõèäöèç÷ò |)"(ðäõèçøæ÷ìòñòé! ]ä÷æòñö÷äñ÷ currency, impacted primarily by the COVID-19 adverse pressure on market pricing and operational disruption across our businesses. Although the Group has seen higher than èûóèæ÷èçðä÷èõìäïäñçúäêèìñĥä÷ìòñòøõ åøöìñèööèöëäùèåèèñïäõêèïüöøææèööéøïìñ óäööìñê÷ëèðäíòõì÷üòé÷ëèöèìñæõèäöèçæòö÷ö ÷òòøõæøö÷òðèõöúì÷ë÷ëèèûæèó÷ìòñòéö÷èèï strand in the Suncoast High-Rise business.# In North America, disruption, supply chain issues and labour availability caused adverse pressure on demand and the economic environment. Offshore revenue was impacted by increased working capital and higher than anticipated capital expenditure.
In AMEA, our Australia business was impacted by Project Australia's internally generated revenue forecasts. Offshore Perth and Eden and Bremer had a loss of revenue, and substantial provisions were made for Project Australia. Despite the increased working capital requirement the growth in revenue demanded, the Group continued to generate a strong cash flow.
The interim dividend was maintained at £119.4m (2020: |!" )ð¥. This continued in a strong cash generation scenario, and significant cash generation has occurred from the sale of £'û¤" " 'û¥¤òñäåäñî æòùèñäñ÷ÒÊÜ!'åäöìö¥æòðéòõ÷äåïüúì÷ëìñòøõ ÷äõêè÷õäñêèòé %û¡!%ûäñçæòðóäõèç÷òòøõ æòùèñäñ÷ïìðì÷òé# û
The drivers of Project Australia's performance were a change in a significant proportion of the projects early on in the year, with the macro uncertainty driving customer behaviour to halt or delay a significant proportion of work. The enhanced market leading capability of the business marking the upturn in demand at around the end of the second quarter in the year. This led to increased sales of offshore and construction sales during the year. Whilst we delivered a stronger volume growth than anticipated, pricing in the sector offset, offshore revenue gains were severely impacted by adverse pressure on market pricing and operational disruption. Although the business retained customer loyalty, deferred and subsequent increased costs to our customers, with the increased proportion of overheads in the Piling business.
In North America, driven by Moretrench, Washington and Western Canada, revenue increased by 15% (at constant currency) to £1,323.1m and underlying offshore revenue decreased by 8.3% year on year to £1,313.5m. The drivers were a number of enhanced and higher than anticipated capital expenditures, whilst activity generally was impacted by the COVID-19 slowdown in the construction market. Business activity increased during the year following the widespread and lockdown containment programmes. This led to increased business visibility and increased working capital. Suncoast was impacted by the continued higher proportion of overheads, primarily driven by increased year on year work from the construction of the existing facilities. The increased proportion of overheads led to an unprecedented and directly impacted the offshore revenue generation of Piling services during the year. This increased the revenue generation of offshore to over 3,000 miles of offshore work. In North America, revenue benefited from increased investment in infrastructure projects in the Piling sector during the year, the Piling group acquired URS Services, Inc (RECON), a geotechnical and industrial services company headquartered in Dallas, Texas. Whilst Moretrench Industrial business, URS acquired the business to provide specialized remediation activities. In Europe, led by Jim De Waele, President Europe, revenue increased by 5% (at constant currency) to £589.4m and underlying offshore revenue increased by 14% (at constant currency) to £24.3m. Its markets benefited from the movement of the business during the year with countries and regions, particularly the UK and Sweden, and deferred delivery of activities in specialist and offshore work. Deferred revenue previously impacted by a decline in order, delayed and subsequent increased costs to customers, with the increased proportion of overheads in the Piling business.
In AMEA, driven by Peter Wyton, President AMEA, revenue increased by 20% (at constant currency) to £337.4m, underlying offshore revenue increased by 15% (at constant currency) to £3.4m. The division had the benefit of Project Australia's performance in all offshore businesses during the year with countries and regions, particularly Australia and the Middle East and India, deferred delivery of work in Australia, and increased costs. Operational challenges caused by border restrictions in Australia, and a challenging trading environment in the Middle East and India, impacted in all businesses during the year with a delay to the year. Whilst the significant issues in Australia, Austral had a strong year on year, benefited from increased and offshore revenue increases in the UK. In the second quarter of the year, a significant (£100m) offshore construction related to the offshore Qatar, Gas in offshore construction (LNG) project. This largely reversed the contract loss incurred to date and protects the Group in the event that the contract does not resume in the future, reflecting the approach we took to this contract and the risk assessment undertaken.
The Group's strategic objective will continue to focus on ‘building the foundations for a sustainable future’ will be the key to unlocking the potential of the Group. Our vision to be the leading provider of specialist geotechnical solutions is enhanced and, secondly, the significant impact of the pandemic on change management activities, we have made good progress with our objective to deliver a robust, high quality business achieving both sustainable operational delivery and cash generation whilst building on our industry-leading margins. Keller Group plc Annual Report and Accounts 2021 Strategic Report 15
In Iberia, as will happen in all markets, this will continue to transform the business of delivering the provision of offshore during the deferral of construction projects in Spain, Portugal and Latin America, by reducing costs to the UK and Brazil Division. This will provide increased working on a combined business unit that Keller would not have won previously, and a reduction in costs.
Our joint venture in Finland, KFS Finland Oy, acquired NordPile, a driven and drilling piling contractor, in September. This acquisition enhanced the Group’s operational capability as a premier geotechnical specialist contractor in the UK, increasing the market share of construction.
Offshore, interim, will be imperative in order to remain competitive and the offshore delivery of offshore will be a key driver for the Group. In 2021 this will establish a responsive programme of offshore, driven from offshore, and develop best practice in project management and site support business processes that are supported externally using the offshore. This will drive significant of knowledge will be leveraged by implementing best practice standard templates across the Group using a proven, cloud-based enterprise resource planning (ERP) system. In doing so the integration will improve offshore delivery in offshore offshore, allowing the offshore to the offshore offshore.
Offshore will offshore the offshore management, supply chain, human resources, equipment, operations which will all seamlessly integrate offshore, and offshore a offshore, offshore offshore, pre-emptive management controls, and a convenient solution to the emerging requirement for IT LB. This integration will offshore offshore offshore, and offshore offshore offshore, and offshore offshore offshore offshore. We will leverage our risk management processes to help control the challenges associated with implementing the offshore of offshore.
Offshore offshore offshore and offshore our chosen local markets, we will continue to pursue suitable bolt-on acquisition opportunities and integrate them into the Group. RECON is integrating well and during 2022 will, together with Moretrench Industrial, be developed as we establish and build our new environmental, geotechnical and industrial services business that will leverage our position in this large and growing sector. Offshore offshore offshore to offshore offshore and disciplined in our acquisition process.
We carried out ESG and sustainable development to offshore the offshore. Offshore, Offshore, Offshore and Offshore offshore. Offshore offshore offshore, offshore and offshore to the UN Sustainable Development Goals (SDGs).# Keller Group plc Annual Report and Accounts 2021
The Board is committed to communicating sustainability initiatives to our stakeholders. Our sustainability strategy is underpinned by our commitment to supporting the UN Sustainable Development Goals (SDGs). We are currently developing our reporting against the SDGs and have made progress in measuring our performance. In 2021, we reported on our carbon emissions (Scope 1) at 42% compared with 2020, and our AMEA Division had an outstanding year achieving 100% renewable energy usage. Our Total Recordable Incident Rate (TRIR) also improved by 32%. Led by John Raine, Group HSEQ Director, we have initiated a programme of continuous improvement in our health, safety, environmental and quality (HSEQ) performance and embraced the concept of ‘Vision Zero’. While the number of health and safety incidents decreases, it is more important than ever to maintain a strong focus on proactive risk reduction and comprehensive management of our safety performance.
Year-on-year near miss reports are increasing as a reflection of our commitment to identifying potential hazards and leadership site interaction is strong, even with the site access challenges created by COVID-19. Our proactive approach and dedicated focus continues to improve, and is clearly evidenced in recent employee engagement surveys. We have embedded a clear commitment to our employees' well-being and have invested in a range of initiatives and implemented a raft of employee health and wellbeing programmes, and were devastated to lose a long-serving and dedicated employee in an accident on a site in Austria. Whilst it has been a shock to everyone, the incident has caused us to re-double our efforts and we have revisited our safety protocols to ensure we continuously improve our approach to managing health and safety risks. We have revisited our approach to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and manage health and wellbeing. We have revisited our safety protocols to ensure we thoroughly investigate all health and safety near misses and incidents, so that the whole sector can continuously improve and# Strategic Report
Even through very challenging times we have consistently increased or maintained the underlying operating profit over the past nine years. In 2021, we have implemented strategic actions to shape Keller’s future, driving market share leadership in our selected segments. As we advance through 2022 the order book provides excellent visibility of our future revenue. Outlook and trading performance are unchanged. The year developed largely as we anticipated at the start of 2021, and whilst we have seen varied performance in our end markets and divisions, we have delivered significant order book growth, the highest since 2016, and record revenue. The drivers for the underlying operating profit and underlying operating margin remain strong, driving Keller’s high value, long-term and sustainable revenue streams. We have successfully implemented strategic actions to shape Keller’s future, driving market share leadership in our selected segments. We have a clear strategy and increasing operational momentum with a record order book of £1.3bn. However, we know that the revenue and market conditions in the medium term. Whilst we have experienced significant geopolitical and macroeconomic uncertainty and have seen some challenging economic headwinds, our outlook and trading performance are unchanged. We remain strategically well positioned to benefit from the anticipated macroeconomic recovery and increasing levels of infrastructure investment in our chosen markets, although this recovery will naturally vary by geography as countries progressively manage COVID-19 as an endemic rather than pandemic challenge. Our leading market positions and the strategic actions we have taken to improve the Group’s value, know that Keller will benefit from the ongoing private and public sector capital expenditure plans and investment in the future all with the aim of improving the business. We the first interim dividend. Michael Speakman Chairman of the Board Keller Group plc Annual Report and Accounts 2021 Strategic Report 17
Keller’s strategy is to be the preferred international geotechnical specialist contractor focused on sustainable markets and attractive projects. Our local businesses will leverage the Group’s scale and expertise to deliver engineered solutions and operational excellence, driving market share leadership in our selected segments. In 2021, we continued to make progress in generating sustainable long-term value for our stakeholders. Sustainable markets are those markets that appreciate the value of the products and services Keller provides, have a consistent, material demand for those services, and an acceptable level of geopolitical risk.
We select sustainable markets (geography, sector and products) in which to set up base businesses and attractive projects.
are our core solutions to our customers by providing alternatives and value engineering, and invest in innovation and digitisation.
We are the operational leader providing safe, efficient, on-time and high-quality delivery, and relentlessly strive to improve our operational capability.
We develop our people, processes and assets and leverage the global strength of our technical, operational, commercial and financial capabilities.
Keller Group plc Annual Report and Accounts 2021 Strategic Report 18
We will
2.9%
21%
¹ Underlying operating profit is defined as prior year comparable operating profit of £83.2m, and includes prior year comparatives.
¹ Underlying operating profit is prior year comparable operating profit, with the prior year comparatives to our historic operating profit.
¹ All injuries are calculated as any incident over one day.
² Underlying lost time injuries and near misses to drive improved safety performance and achieve an acceptable level of health and safety. Health and Safety performance are a core commitment to our employees, customers and the wider community.
13.3%
1,323.1
5.5%
73.0
787.0
0.07
Keller Group plc Annual Report and Accounts 2021 Strategic Report 19
| KPIs | 2021 | 2021 | 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | 2020 |
|---|---|---|---|---|---|---|---|---|---|
| 5.5 | 0.03 | 787.0 | 1,227.5 | 6.8 | 0.08 | 83.2 | 593.9 | 1,323.1 | |
| Revenue (£m) | |||||||||
| Underlying operating margin (%) | |||||||||
| Accident frequency rate | |||||||||
| Underlying operating profit (£m) | |||||||||
| Order book (£m) |
| 2021 £m | 2020 £m | Constant currency | |
|---|---|---|---|
| Revenue | 1,323.1 | 1,227.5 | +15.4% |
| Underlying operating margin (%) | 73.0 | 83.2 | -5.6% |
| Underlying operating margin | 5.5% | 6.8% | |
| Order book¹ | 787.0 | 593.9 | +32.5% |
| ¹ Comparative order book stated at constant currency. |
Øñ á ïìîè¡éòõ¡ïìîèåäöìöèûæïøçìñêäæôøìöì÷ìòñöäñç disposals on a constant currency basis, revenue grew by 11% and operating profit increased by 14%.
In 2021 the construction industry in the US grew 8%, driven by a 12% increase in residential construction. Non-residential construction grew 2%. As anticipated, we had a slow start to the year impacted by the ongoing COVID-19 pandemic which curtailed sentiment and activity in the second half of 2020, leading to the outlook for 2021 and whilst we have seen some market uncertainty, the outlook has remained strong. In March, trading accelerated and we began to operate more normally given the combination of increased spending, reduced restrictions and lockdowns. The underlying performance improved significantly, and we have seen improved operating profit visibility which has led to a higher operating profit outlook which is in line with the outlook provided at the time of our trading update. Our Canadian business delivered a strong performance in terms of revenue and profit, benefiting from a strong market and a large, multi-year programme of the Dresden infrastructure project in Saskatchewan. Ltd, a small, market-leading provider of foundation engineering services, which has a substantial pipeline of opportunities.
Suncoast, the Group’s post-tension business serving mostly the residential construction market, underperformed during the first half of the year.# Keller Group plc Annual Report and Accounts 2021
We acquired our Canadian business in 2013 but the market took time to appreciate the strength of our offering. Over time, the opportunity for us to grow and improve the Canadian business became clear, and we invested in our people and in talent, and focused on operational improvements.
The Prairie, Vancouver and Toronto businesses were restructured and merged with our Geo Foundations business. And, with the introduction of the Hayward Baker brand into Canada, we oversaw Hayward Baker operations in Florida and the Pavee Group, too.
“A united team working all toward the same direction was key,” says Curtis. “We aligned key processes and developed a national team that shares resources and collaborates on key issues. This included investing in our people and training under-used, unreliable equipment.”
“Take all a great team and training, we are proud to work for Keller and that’s made it easier to move the business forward.”
That means projects where we can play to our strengths: more early-contract involvement and value engineering to build strong client partnerships.
Keller Canada is also increasing collaboration with other business units in North America and looking at acquisitions where they make sense. In October, it acquired Subterranean (Manitoba) Ltd, another highly respected geotechnical contractor with more than 30% of market share.
Moretrench Industrial, which operates in the highly regulated industrial and power segments, has been supporting and supporting construction on the Papua New Guinea national infrastructure project. The Sepik River Highway Project in Virginia, USA, cUS$120m two-year contract is c65% complete. Work on the South Island has concluded and the team has commenced work on the North Island.
In September 2021, we announced the acquisition of RECON, an environmental, geotechnical and industrial services company headquartered in Texas, USA. RECON is a specialist geotechnical environmental remediation and industrial services contractor working principally across industrial, oil & gas, water and mining sectors, throughout the USA and the Middle East. It is a significant step in our strategy to build a market-leading environmental, geotechnical and industrial services business in North America, providingKeller with the opportunity to leverage our existing North American footprint.
The additional revenue synergies provide the opportunity to increase the Group’s overall revenue from its North American Geo Foundations business, where Keller has historically been relatively under-penetrated and where there is a large and growing demand for our services, particularly in the petrochemical sector. Cost synergies will also be achieved through this acquisition. The cash consideration on an enterprise value basis was US$150m, and an earn-out and deferred consideration of US$75m payable to the sellers’ management team. Also, in December 2021 RECON was awarded a contract valued at US$50m in revenue over a two years, in connection with the remediation of an historic underground mine in the USA. RECON is performing well and, during 2022, will together with Moretrench Industrial, be developed as we establish and build our new environmental, geotechnical and industrial services business that will leverage our position in this large and growing sector.
On 1 November 2021, the division acquired Subterranean (Manitoba) Ltd, a local geotechnical services business in Manitoba and a Piling and foundation specialist business of £15.1m and a turnover in excess of £14.7m is added value to the businesses.
The outlook for the year end was at £787.0m, up 32.5% (on a constant currency basis), driven by the planned acquisition of RECON, which added £120m to the order book.
| Revenue (£m) | Underlying operating margin (%) | Accident frequency rate | Underlying operating profit (£m) | Order book (£m) |
|---|---|---|---|---|
| 2021 | 549.2 | 4.4% | 0.24 | 24.3 |
| 2020 | 538.5 | 3.4% | 0.18 | 18.4 |
| % Change | +5.2% | +38.2% |
1 On constant currency stated at constant currency. *2 Comparative order book stated at constant currency.
In Europe, revenue increased by 5.2% on a constant currency basis as markets recovered with the COVID-19 related shutdowns and travel restrictions easing as the year progressed.
Underlying operating profit rose to £24.3m, or 14.2% on a constant currency basis, following the business’s operational improvements, improved utilisation of its plant, increased profitability of its subsidiaries, improved pricing on contract works and a return to more normal operating conditions. As a result, the underlying operating margin increased to 4.4% (2020: 3.4%).
In January 2021, a fatal accident occurred on a site in Austria in which we lost a long-serving employee. Whilst a thorough investigation has determined Keller was not at fault in any way, we have reviewed our procedures to ensure we continue to learn and improve. The accident rate fell from 0.24 per 100,000 hours worked to 0.18 in 2020. Following a relatively slow start to the year due to some harsh winter weather in some parts of Germany and the surrounding regions of the pandemic, momentum built as markets opened up with people and equipment permitted to travel to sites and the revenue grew more strongly. Whilst the division was impacted by both material and labour shortages, which were operationally challenging, and the sub-contracted insulation cost overruns, the underlying revenue carried on building an invaluable reputation for client focused specialist works for our customers.
South-East Europe and Nordics delivered record revenue throughout unprecedented levels in Austria and Italy. The Scandinavian businesses also continued to grow, and we signed the Källbergs Group Källbergs Källbergs Group (SMS2) in Norway. In September 2021, our joint venture in Finland, KFS Finland Oy, acquired NordPile, a driven and drilling piling contractor.
The joint venture business continued to grow into the largest geotechnical specialist contractor in the Scandinavian market and is market-leading shares in the regions that play to our strengths. The UK business, which was adversely impacted in 2020 by the hesitant investment climate following the Brexit vote and uncertainty surrounding HS2, has recovered, continues to deliver revenue in line with expectations, increasing the hire multiple from several contract awards on the High Speed 2 rail project (HS2). Particularly noteworthy are the £12m award on a £20m framework, announced in December 2021, and the £10m awards on £15m framework which were secured in April.
| Central Europe | North-East Europe | South-East Europe | DQG 1RUGLFV | South-West Europe | UK |
|---|---|---|---|---|---|
| Keller Group plc Annual Report and Accounts 2021 | Strategic Report | 22 | Keller brings RemediaClay ® to Europe | Case study | Our businesses in Central Europe and North East Europe were impacted by lower volumes at the end of the year due to the recent uncertainty and operational delays related to COVID-19. However, both businesses have maintained the revenue underlying activity levels and strong order books. At the end of 2021 Keller North East Europe delivered a ~£30m order book for new work in Bulgaria which has been completed to allow them to deliver new client projects. This has also continued to be the foundation for significant future revenue opportunities in the Bulgarian market. |
| In July 2021, the new South West Europe Division was formed to cover the Iberian and Latin America businesses. South West Europe was our largest division designated by the underlying level of the Group in the year, which includes lockdowns and delays to contract starts. In addition, the performance in 2021 of a new subsidiary in Qatar allowed to deliver revenue and operating profit to the subsidiaries and operating profit. | The combined business unit is now being undertaken and is over-trading operating performance to deliver hire multiple to clients in overseas markets. |
*1 On constant currency stated at constant currency.# Keller Group plc Annual Report and Accounts 2021 Strategic Report
In France, we have been actively involved in the reconstruction and repair of roads and infrastructure following the extensive flooding. In addition to these actions, we were also able to reduce the footprint of our operations in France. Order book, revenues: increased by 15% on a constant currency basis, with stronger trading in France and the Netherlands. However, we must continue to review our various European markets to identify new market opportunities and attractive projects that generate long-term returns. The European core business continues to deliver strong results, and we have been able to secure a number of new contracts for our European operations. Whilst our success in the region will require those larger projects to be replaced. However, our strong regional approach coupled with our divisional support will ensure we are well placed to pursue new contract opportunities.
The Europe division’s sales grew to £332.7m, up 51% (on a constant currency basis) on the prior year, largely due to the HS2 contracts. As climate change increasingly drives higher temperatures, causing more problems in roads and structures, its remediation is becoming more important. RemediaClay® could offer a solution to a market dominated by micropiling and other similar geotechnical engineering solutions.
A treatment developed by Keller in the US to improve the stability of swelling clay soils has been trialled in France. If successful, it could open up a major new market in the country – and tackle a growing problem. Clay soils that swell and shrink due to moisture create a significant problem for infrastructure and can cause substantial damage. Although watertight membranes, geotextiles and the protection of surrounding soil can provide initial protection, more drastic remediation measures are often required.
One common answer to the problem is micropiling, but a less well-known and potentially cheaper alternative involves injecting soils with a potassium and ammonium ion solution. This reacts with the clay, neutralising its pH and making it less sensitive to swelling and has passed rigorous HSE and European regulators.
In AMEA, revenues increased by 20.4% on a constant currency basis, driven predominantly by strong performance in India and China, supported by a significant increase in the Dubai Municipality contract as a result of the new housing developments in Dubai. Order book, revenues in the division as a whole decreased by 77.1% on a constant currency basis to £3.4m, driven by underperforming contracts across the Middle East and challenging trading environment in the Middle East and Africa. The Dubai contract has a significant impact on our financial performance, hence the strong recovery of revenue.
The increase in the Dubai contract had a significant impact across all our markets in the division to varying degrees. The Dubai Municipality contract translated to significant growth in Dubai and the UAE, and growth in offshore and onshore oil and gas projects. However, trading levels improved in the second half and the municipality strengthened order book to deliver to the revenue. The municipality translated to significant growth in Dubai and the UAE and it is hoped to provide further opportunities for the construction of infrastructure improvement projects across the region. Austral in Australia had another strong performance in terms of revenue and order book, as it undertook the Shandong port and infrastructure projects at the Port of Melbourne in Australia. The Austral business had a successful year, experiencing a number of significant contract wins in Australia and port-related projects in the Pilbara region, and undertaking selected projects on Australia’s east coast. Our Keller Australia business had a particularly strong year, delivering a strong order book. The challenges posed by the COVID-19 travel restrictions and state border restrictions in Australia had a profound impact on our operational impact on our customers and order books, despite a sustained period of activity. The revenue of all the equipment on the ground and the travel restrictions across the country and the travel restrictions were unable to completely stifle our order book.
Tendering activity has substantially improved, the management team has been strengthened and the outlook is more positive as border restrictions ease.
| Revenue (£m) | Underlying operating margin (%) | Accident frequency rate | Underlying operating profit (£m) | Order book (£m) |
|---|---|---|---|---|
| 2021 | 352.1 | 1.0 | 3.4 | 177.3 |
| 2020 | 296.5 | 5.2 | 15.5 | 182.2 |
| Change | +20.4% | -77.1% | -2.7% |
1 For AMEA, “Revenue” includes the Dubai Municipality and India businesses. 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to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m, to £3.4m,# Keller Group plc Annual Report and Accounts 2021
Revenue increased to £2,224.4m, up 13% (at constant currency) as a result of increased trading activity, particularly during the second half, and several bolt-on acquisitions.
Revenue split by geography
| North America | Europe | AMEA | Total | |
|---|---|---|---|---|
| 2021 | ||||
| H1 | 581.7 | 242.0 | 160.4 | 984.1 |
| H2 | 741.4 | 307.2 | 191.7 | 1,240.3 |
| Total | 1,323.1 | 549.2 | 352.1 | 2,224.4 |
| 2020 | ||||
| H1 | 636.5 | 254.7 | 147.9 | 1,039.1 |
| H2 | 591.0 | 283.8 | 148.6 | 1,023.4 |
| Total | 1,227.5 | 538.5 | 296.5 | 2,062.5 |
Year ended Revenue £m
| 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| % | ||||||
| Division | ||||||
| North America | 1,323.1 | 1,227.5 | 73.0 | 83.2 | 5.5% | 6.8% |
| Europe | 549.2 | 538.5 | 24.3 | 18.4 | 4.4% | 3.4% |
| AMEA | 352.1 | 296.5 | 3.4 | 15.5 | 1.0% | 5.3% |
| Central | – | – | (7.9) | (7.0) | – | – |
| Group | 2,224.4 | 2,062.5 | 92.8 | 110.1 | 4.2% | 5.3% |
1 Underlying operating profit is profit before interest, tax, and non-underlying items.
North America reported an increase in revenue of 8.7% (£1,323.1m vs £1,227.5m) driven by strong momentum across all markets and the addition of two bolt-on acquisitions. Revenue in Europe increased by 2.0% (£549.2m vs £538.5m), with underlying constant currency revenue growth of 2.3% as markets recovered with the COVID-19 related shutdowns and travel restrictions easing as the year progressed. AMEA revenue increased by 18.7% (at constant currency) driven predominantly by organic growth in India and China, supported by a strategic acquisition in the Middle East and North Africa. The acquisition completed in the year, of a business in the Middle East and North Africa, added a new region to the Group’s revenue streams, product lines, market segments and end customers. Underlying operating profit decreased by 15.7% to £92.8m (2020: £110.1m), which on a constant currency basis was 9.7% down, impacted primarily by the COVID-19 adverse pressure on market pricing and operational disruption across our businesses. North America underlying constant currency operating profit decreased by 12.2%, to £73.0m driven by market pricing pressures and the impact of lower ancillary services sold. On a constant currency basis, operating profit decreased by £15.3m, largely due to the increased cost of circa £15m in our UK trading division and the prior year restructuring activity. Underlying constant currency operating profit in Europe increased by 31.5%, increasing the underlying operating profit to £3.4m, benefiting from the lower prior year impact of acquired intangible asset amortisation, improving operational efficiencies, increased trading profits adjusted for prior year restructuring activity and costs expensed to the prior year. AMEA constant currency operating profit decreased by 77.4% to £3.4m, driven by operational disruption at a cost of £4m, predominantly in India and China, supported by organic growth in the Middle East and North Africa.
| 2021 | 2020 | |
|---|---|---|
| £m | £m | |
| Revenue | 2,224.4 | 2,062.5 |
| Underlying operating profit | 92.8 | 110.1 |
| Underlying operating profit % | 4.2% | 5.3% |
| Non-underlying items | (12.3) | (33.1) |
| Statutory operating profit | 80.5 | 77.0 |
| Statutory operating profit % | 3.6% | 3.7% |
1 Underlying operating profit is profit before interest, tax, and non-underlying items.
2 Europe includes Russia. AMEA includes Middle East and North Africa.
3 Underlying operating profit represents profit before interest, tax and non-underlying items.
The Group’s joint ventures and associated undertakings operating profit of £15.4m (2021: £12.7m) exceeded the prior year reflecting the operational improvements and increased trading activity across the portfolio. The share of post-tax profit from our joint venture KFS Oy is included as a non-underlying item. No dividends (2020: £0.4m) were received from our joint ventures during the year.
Statutory operating profit before non-underlying items increased by 4.5% to £80.5m (2020: £77.0m).
Finance costs decreased by £7.7m to £5.5m (2020: £13.2m). The reduction has been driven by the decrease in US LIBOR, which reduces the cost of the Group’s floating rate debt, and a decrease in the average net debt levels through the year. The amortisation of IFRS 16 lease liabilities, during the year were £147.6m (2020: £183.5m).
The Group’s underlying effective tax rate decreased to 24% (2020: 29%), largely due to a prior year adjustment in respect of acquired intangible assets and deferred tax asset recognition. Whilst tax on profit in the year of £12.4m (2021: £11.6m) reflects the underlying tax, and whilst no deferred tax on intangibles was recognised, the tax charge reflects the underlying profit and deferred tax on intangibles and deferred tax liabilities. The effective tax rate reflects the impact of the year-end and valuation of deferred tax assets and liabilities.
The items in respect of underlying operating profit and the non-underlying items are included in note 8 to the financial statements. The total of underlying non-underlying items in the year decreased to £12.3m (2020: £33.1m), due to the reduction in restructuring activity during the year.
The Group declared an interim dividend of 23.3p per share (2020: 23.3p per share) which, when combined with the interim dividend of £7.6p in March, results in the total dividend for the year to 35.9p (2020: 35.9p). The 2021 dividend is cash neutral, equating to £2.5m (2021: £2.5m).
The Group’s dividend policy is to increase the dividend sustainably whilst allowing the Group to be able to grow, or as a minimum, maintain, its underlying earnings per share. The assessment of dividend growth reviews the interim earnings per share of the Group and future outlook of the Group, it is consequently appropriate to consider the Group’s future earnings and the Board will review recommencing the progressive dividend.
Fidelity Funds holds £122.9m at 31 December 2021 that are available to cover the interim dividend, with £121.3m of the interim dividend paid. Fidelity Funds also made a significant investment in ongoing commitment in favour of the statutory dividend policy. The dividend policy is the consequence of the Group’s financial performance and is also subject to the Group’s principal risks and uncertainties as well as the outlook of future cash commitments and investment plans. The £12.4m amortisation of intangible assets relates to the RECON, Moretrench and Austral acquisitions. Amortisation of interest expense in intangible assets of £0.6m relates to the NordPile acquisition undertaken by our joint venture investment KFS Finland Oy during the year. Operating profit of £7.6m relates to acquired deferred consideration from the RDL acquisition.
The non-underlying tax charge of £1.7m (2020: £5.6m) included the £1.5m (2020: £3.7m) tax impact of the non-underlying items. The charge of £1.7m (2021: £1.1m) tax charge arises from the tax impact of the amortisation of acquired intangible assets recognised through the non-underlying tax item in prior years.
Underlying diluted earnings per share decreased by 8.2% to 88.4p (2020: 96.3p) driven by lower underlying operating profit adjusted for the finance costs and the effective tax rate reduction. Statutory diluted earnings per share of 66.1p (2021: 55.4p) which reflects the reduction in non-underlying items in comparison to the prior year.
Total non-underlying operating expenses of £17.3m have been incurred in AMEA and Europe as the Group invests in the acquisition of the Middle East and North Africa businesses and the amortisation costs incurred in KGS, the in-house equipment division, pending a trade sale. The charge of £6.1m relates to the amortisation of the acquired deferred consideration from the Middle East and North Africa business in India and the amortisation of the amortisation of the acquisition of the Keltbray business in the UK. Amortisation expenses of £5.0m relate to the acquired intangible assets of RGS and, to a lesser extent, other acquired intangible assets. Additional contingent consideration payable of £13.3m relates to the RDL North America KFS of RDL in 2011, pending finalisation in the purchase agreement.
| 2021 | 2020 | |
|---|---|---|
| £m | £m | |
| Underlying operating profit | 92.8 | 110.1 |
| Underlying operating profit % | 4.2% | 5.3% |
| Non-underlying items | (12.3) | (33.1) |
| Statutory operating profit | 80.5 | 77.0 |
| Statutory operating profit % | 3.6% | 3.7% |
On 13 July 2021, the Group acquired RECON GmbH, a German provider of services to the waste water industry, with operations in Germany, Austria and Switzerland. On 29 September 2021, the Group acquired the entirety of Western Canada’s leading geotechnical contractor, Geo-Foundations Contractors Ltd., based in Manitoba, Canada. On 1 November 2021, the Group acquired Geo-Structures, a UK based ground engineering specialist, with operations in the UK. Following these acquisitions, the goodwill recognised by the Group is €1.5bn.
As noted in the Audit and Risk Committee report, during 2021, the Financial Reporting Council (FRC) investigated the Group’s accounting for certain deferred tax assets and deferred tax liabilities for the year ended 31 December 2020 in their review of the Keller Group plc Financial Statements 2020, ‘Income Statement, Balance Sheet and Contingent Assets’, which resulted in the FRC providing guidance on the presentation of deferred tax in respect of deferred tax assets and liabilities. The FRC concluded that the deferred tax asset recognised should be separately presented gross on the face of the income statement, rather than netted off against the insurance and legal provision. The Group has restated the relevant sections of its financial statements to comply with this guidance. The restatement impacted the balance sheet reported in the 2020 annual report and accounts as detailed in the accounting policies note on page 133. The restatement did not result in any changes to the Group's reported profits, reserves or net assets, and therefore no restatement of the prior year comparatives are shown in the primary statements.
Net working capital increased by £3.1m to £108.6m, driven by the build-up of the group’s overseas trade and other receivables due to the ramp-up in revenue from acquisitions and ongoing business activity and cash collections. The company reported increases in inventories and a £104.4m increase in trade and other receivables, offset by an increase in other and trade payables of £111.0m. A reduction in outstanding trade receivables and related expenses impacted the carrying value of the group’s intangible assets, with an increase in intangible asset intangible asset impairment recognised. This impairment charge is recognised within non-operating items in the income statement.
| 2021 £m | 2020 £m | |
|---|---|---|
| Opening cash flow | 92.8 | 110.1 |
| Depreciation, amortisation and impairment | 97.4 | 94.9 |
| Underlying EBITDA | 190.2 | 205.0 |
| Non-cash items | – | 1.9 |
| Impairment of goodwill | – | 0.4 |
| Increase/(decrease) in inventories | (3.1) | 38.2 |
| Increase/(decrease) in provisions and other expenses | (7.8) | 13.9 |
| Cash used in capital expenditure | (74.6) | (65.6) |
| Changes to property, plant and equipment | (23.4) | (22.7) |
| Free cash flow before interest and tax | 81.3 | 171.1 |
| Free cash flow before interest and tax to underlying operating profit | 88% | 155% |
| Net interest paid | (5.3) | (12.0) |
| Other tax paid | (15.9) | (24.9) |
| Free cash flow | 60.1 | 134.2 |
| Dividends paid to shareholders | (25.9) | (25.9) |
| Movement in deferred consideration | (3.7) | – |
| Acquisitions | (31.3) | – |
| Business disposals | 7.1 | 2.2 |
| Non-underlying items | (2.0) | (11.0) |
| Movement in property, plant and equipment provisions/(impairment) | (4.0) | (1.1) |
| Foreign exchange translation | (1.1) | (1.1) |
| Movement in net debt | (0.8) | 97.3 |
| Opening net debt | (192.5) | (289.8) |
| Closing net debt | (193.3) | (192.5) |
The Group reinvests capital expenditure whilst investing in the upgrade and replacement of infrastructure, plant and equipment. Cash used in capital expenditure, excluding deferred items, of £98.0m (£88.3m) was made up of investment in infrastructure of £30.7m (£28.7m) and £67.3m (£59.6m) in plant and equipment. The asset replacement ratio, which is calculated by dividing capital expenditure, excluding deferred items, on owned property, plant and equipment and those assets capitalised under IFRS 16, by the depreciation charge on owned property, plant and equipment, was 127% (2020: 109%).
The Group’s free cash flow of £60.1m (£134.2m) was driven by strong trading, with the group’s underlying profit before tax to the Group’s cash conversion of 98.7% (£98.7m). The outcome of strong free cash flow is set out on page 29.
The Group’s debt totalled £193.3m (£192.5m) comprises loans and borrowings and derivative financial instruments of £139.4m (£120.1m), leases liabilities of £53.9m (£72.4m) and other financial liabilities of £0.0m (£0.0m). The Group’s term debt and committed revolving facilities expire on maturing in 2024 and a £375m multi-currency syndicated loan facility, maturing in November 2025. During the year, $50m (£36.2m) of this revolving facility was repaid and in March 2021 the Group’s unused £300m Covid Corporate Financing Facility (CCFF) was withdrawn. At the year end, the Group had undrawn committed and uncommitted facilities totalling £311.5m (2020: £672.6m).
The Group’s financial covenants on the revolving facilities relate to the ratio of net debt to underlying EBITDA, underlying EBITDA interest cover and the Group’s net worth. The covenants are tested at the year end and the year end. The Group operates with all its debt covenants generally with all its debt covenant headroom. Net debt to underlying EBITDA leverage, calculated excluding the impact of IFRS 16, was 2.1x (2021: 2.0x), this being the ratio of 2.1x and an increase from the prior year. Calculated on a statutory basis, including the impact of IFRS 16, net debt totalled 3.1x compared to 2.5x at 31 December 2020 (£183.5m).
On an IFRS 16 basis, year-end gearing was 44% (2020: 47%). The average month-end net debt during 2021, excluding IFRS 16 lease liabilities, was £186.5m (2020: £183.5m) and the minimum headroom during the year on the Group’s main banking facility was £104.1m (£80.8m), in addition to a further headroom of £80.8m (£80.8m). The Group had no material discounting of trade payables in relation to the facilities. Prior to the presentation of deferred consideration and contingent consideration in the Group’s borrowings, the covenant in relation to net debt to underlying EBITDA was substantially maintained. At 31 December 2021 the Group had drawn outstanding convertible debt instruments of £6.4m (2020: £15.7m) and had £12.4m in unsecured subordinated debt (2020: £16.5m).
The Group has defined benefit pension arrangements in the UK, Germany and Austria. The Group’s UK defined benefit pension scheme is funded. The current funding level of the UK defined benefit scheme is at least sufficient to meet the scheme’s assets at £49.7m and the scheme deficit of 2%] represents an increase in funding. This uplift of £13.7m is a charge against the Group. The 2021 financial statements balance sheet of the UK defined benefit scheme is £46.7m, liabilities of £50.3m and a deficit of £3.6m in accordance with IAS 19 accounting standards to reflect the net liability recognised in the income statement. On a FRS 102 basis, the net liability of the UK defined benefit scheme totalled £36.7m, liabilities of £43.3m and a deficit of £6.6m.
In France and Germany, the defined benefit pension arrangements only apply to certain employees that the Group subsidises. The UK defined benefit pension liability at 31 December 2021 (2020: £11.0m) and these are included on the Group balance sheet. All other pension arrangements in the Group are of a defined contribution nature.
The Group also has a number of in-country schemes in the Middle East as required by local regulations and commitments. This arrangement of benefits payable is based on the final salary of the employee and the length of service of the employee. These expense commitments are recognised on the Group’s balance sheet and obligations are met as and when required by the Group. The IAS 19 defined benefit pension liability totalled £3.0m at 31 December 2021 (2020: £2.9m).
The Group is exposed to foreign currency and, to a lesser extent, interest rate risk, foreign exchange risk arising from significant overseas trading. The Group’s primary currency exposures are the US dollar, Canadian dollar, euro, Singapore dollar and Australian dollar.# Strategic Report
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It was determined that none of the reasonably foreseeable severe but plausible future events would compromise the Group’s viability, and so a scenario analysis, including stress testing and sensitivity analysis, was undertaken. A downside sensitivity analysis was carried out to understand the potential impact of any mitigating actions available to the Group, and to identify the most severe, prolonged and disruptive events. The Board of Directors and the Risk Committee considered the risk combinations. The Board discussed the process undertaken by management, and also reviewed the outputs of the stress testing to ensure that the sensitivity analysis was performed appropriately. The Board determined, through a robust stress testing process, to undertake a review of the Group’s cash flows over a five-year period, including those that would threaten its going concern status, such as: severe adverse trading conditions; a significant downturn in the property or liquidity.
As required by the UK Corporate Governance Code, the Directors have assessed the principal risks of the Group over a three-year period.
i) The Board selected the three-year period as:
* the Group’s business planning and budget processes are carried out over a three-year period which provides the relevant estimates; and
* the forecasts are a reasonable approximation of the required forecasts in terms of the timescale required to assess the Group’s ability to meet its obligations as they fall due.
The assessment included sensitivity analysis on key metrics and the Group’s cash flow projections. These metrics were subject to sensitivity analysis, showing how they would change in a number of plausible downside scenarios, both individually and collectively. Downside sensitivity analysis was carried out to evaluate the impact on the Group of a severe but plausible downturn in market conditions. Revenues in 2023 and 2024 were assumed to decrease by 10% year on year with an operating margin deterioration in proportion.
A number of downside scenarios were modelled including worsening working capital conditions, increased capital expenditure, and the Group’s ability to meet its obligations and service debt covenants. In addition to combining multiple scenarios and modelling the downside, we also considered scenarios where covenants would be breached. The circumstances giving rise to these scenarios were stress-tested and modelled. Therefore, the assessment of the downside scenarios was based on identified stress testing scenarios.
The Directors’ assessment has been made with due regard to the Group’s financial position and prospects, the Group’s strategy, the Board’s risk appetite and the Group’s principal risks and how these are managed, as detailed in the Strategic Report. On the basis of the assessment and the Directors’ review, the Board believes that the Group will be able to continue in operation and meet its liabilities as they fall due. Therefore, it has been determined that it is reasonable to assume that the Group will continue in operational existence for the foreseeable future.
The Group’s business activities, together with the Group’s likely future performance and its likely future cash flows, provide the Directors with adequate resources, resilience and service debt. The Directors’ assessment of the Group, and of management and its employees and supporting resources, are set out in the Integrated Report. The Financial Statement of the Group, its directors and employees and interim financial information are set out in the interim financial statements. The Group will be able to service its debt obligations and meet its other obligations as they fall due. The Group’s cash flows, which, together with internally generated cash flows, will be sufficient to service its financing costs and other outgoings, including its contractual and commercial commitments and any proposed dividends. The Group is the entity that will be able to deliver and implement its and implement its development and operating plans. For this reason, they continue to adopt the going concern basis of accounting in preparing the Viability Statement.
The directors are responsible for the principal risks and uncertainties as determined by the Board, and highlights the mitigating actions that are being undertaken. The assessment of the assessment, however, is not to give an assurance on all the risks and uncertainties that may arise. The COVID-19 pandemic is having and will continue to have an impact across the entire organisation. We have incorporated commentary on reasonably foreseeable severe but plausible future events and which we will continue to monitor. The Directors will also continue to assess the impact of the COVID-19 pandemic on our principal risks and uncertainties.
Keller Group plc Annual Report and Accounts 2021 Strategic Report 33
| Financial risk | Risk | Potential impact The Group's business activities, together with the Group's projected financial performance and likely future cash flows, provide the Directors with adequate resources, resilience and service debt. The Directors' assessment of the Group, and of management and its employees and supporting resources, are set out in the Integrated Report. The financial statements of the Group, its directors and employees and interim financial information are set out in the interim financial statements. The Group will be able to service its debt obligations and meet its other obligations as they fall due. The Group's cash flows, which, together with internally generated cash flows, will be sufficient to service its financing costs and other outgoings, including its contractual and commercial commitments and any proposed dividends. The Group is the entity that will be able to deliver and implement its and implement its development and operating plans. For this reason, they continue to adopt the going concern basis of accounting in preparing the Viability Statement.
The Directors are responsible for the principal risks and uncertainties as determined by the Board, and highlights the mitigating actions that are being undertaken. The assessment of the assessment, however, is not to give an assurance on all the risks and uncertainties that may arise. The COVID-19 pandemic is having and will continue to have an impact across the entire organisation. We have incorporated commentary on reasonably foreseeable severe but plausible future events and which we will continue to monitor. The Directors will also continue to assess the impact of the COVID-19 pandemic on our principal risks and uncertainties.
Keller Group plc Annual Report and Accounts 2021 Strategic Report 33
| Financial risk | Risk | Potential impact # Keller Group plc Annual Report and Accounts 2021 Strategic Report
| Risk | Potential impact | Demonstrable mitigation # Climate-related risks and opportunities
Climate change is a global threat and, as such, will continue to have many impacts across our business over the short (1 year), medium (2–5 years) and long (5+ years) term. The physical impacts of climate change are diverse and can be categorised into acute and chronic. Acute physical impacts arise from extreme weather events such as hurricanes, floods, and wildfires. Chronic physical impacts are longer-term shifts in climate patterns such as rising sea levels, changing precipitation patterns and increasing average temperatures.
Flooding in Australia and Western North America business, directly delaying projects in this area, which could lead to lost revenue. Flooding in Europe also delayed projects in that region. These events may also cause harm to our employees as well as damage to our buildings, yards and equipment. Our management and project teams take a view on the physical impacts of climate change to ensure the business is prepared for these events. They also consider the potential impacts on the Group’s assets and operations. These include the potential for increased claims, delays to projects, disruption to supply chains and damage to Keller’s reputation.
The Group-wide PLM Standard sets out the criteria for assessing the environmental impacts of construction methods. These include the use of low-carbon materials and sustainable construction solutions. The Group’s projects have decreased by 7% as a result of severe weather events.
In order to mitigate the impacts of climate change, Keller takes a proactive approach to assessing and managing its environmental risks. These include the use of recycled materials, reducing waste, and implementing energy-efficient construction methods. The Group has also invested in new technologies to reduce its carbon footprint.
The Group’s projects have experienced delays due to severe weather events in Australia and North America, directly impacting revenue. Flooding in Europe also caused project delays. These events pose risks to employee safety and could damage company assets. Our management teams assess these physical impacts to ensure business preparedness. This includes considering potential effects on Group assets and operations, such as increased claims, project delays, supply chain disruptions, and reputational damage.
The Group-wide PLM Standard outlines criteria for assessing environmental impacts of construction methods, including low-carbon materials and sustainable solutions. The Group's projects have seen a 7% decrease due to severe weather.
Keller actively manages environmental risks by using recycled materials, reducing waste, and employing energy-efficient construction. The Group also invests in technologies to lower its carbon footprint.
Our management and project teams assess these physical impacts to ensure the business is prepared for these events. They also consider the potential impacts on the Group’s assets and operations. These include the potential for increased claims, delays to projects, disruption to supply chains and damage to Keller’s reputation.
The Group-wide PLM Standard sets out the criteria for assessing the environmental impacts of construction methods. These include the use of low-carbon materials and sustainable construction solutions. The Group's projects have decreased by 7% as a result of severe weather events.
In order to mitigate the impacts of climate change, Keller takes a proactive approach to assessing and managing its environmental risks. These include the use of recycled materials, reducing waste, and implementing energy-efficient construction methods. The Group has also invested in new technologies to reduce its carbon footprint.
Current and emerging legislation could impact Keller’s operating model in the medium term. As governments introduce sustainability requirements and other legislation, operating costs and the cost of raw materials may increase. Keller is committed to reducing the carbon footprint of its operations, which will aid mitigation of the impact of such regulations. For more details on what Keller is doing, see page 47.
There is a risk that our customer base contracts and switches to our competitors over the medium or long term due to a focus on sustainability in purchasing decisions. These factors will drive a demand for lower carbon footprint solutions, which will allow for greater adoption of Keller's solutions. The Group’s projects have seen a 7% decrease as a result of severe weather events.
Our product development teams are focused on developing sustainable construction solutions which will help reduce our clients’ carbon footprints. For instance, Keller’s vibro stone column solution can be used instead of the traditional piling and ground-bearing. This method is often faster, uses less material, and has a lower environmental impact. This can be a significant advantage in projects with stringent environmental requirements.
To better understand the environmental impacts of our construction techniques, we use the European standardised EFFC-DFI carbon calculator to assess the carbon footprint of alternative solutions.
| Risk Movement (since 2020) | Service or Operational Failure |
|---|---|
| Increased risk | In designing a product or a project, there are many factors to be considered including client requirements, site and loading conditions and local constraints (eg neighbouring buildings, other underground structures). Inadequate assessment of a design and/or execution may lead to an inability to achieve the required standard. |
| Assessment of project requirements or execution of requirements by the client may lead to a poorly designed solution and operational inefficiency. | |
| Link to strategic lever: | Failure to meet quality standards could damage our reputation, result in regulatory action and legal liability, and impact Keller’s strategic objectives. The liability limitation period of our insurance is generally 12 years; consequently, a poorly assessed solution could have an impact on our long-term viability. |
| Demonstrable mitigation | Continuing to enhance our technological and operational capabilities through investment in our product teams, project managers and our engineering capabilities. Projects are not solely reliant on design. Individual project reviews are conducted and reviewed across the Group. The global product teams set standards, provide guidance and disseminate best practice across the organisation of Keller’s core of soil improvement techniques. We seek to agree liability limits in our contracts with customers. Operational standards are in place to ensure a satisfactory design of a foundation. |
| Risk Movement (since 2020) | Ineffective Execution of our projects |
| Increased risk | Failure to manage our projects to ensure that they are delivered on time and to the agreed budget, considering ground and site conditions, weather-related delays, unavailability of our personnel, shortages or equipment breakdowns. |
| Link to strategic lever: | Inability to consistently deliver projects in line with the agreed customer requirements may result in cost overruns, contractual disputes and reputational damage. |
| Non-compliance requires the Group to long-term obligations including legal action and additional costs to rectify the project. | |
| Demonstrable mitigation | Focus on rigorous project planning and applying rigorous policies and processes to manage and monitor contract execution. Ensuring we have high-quality people delivering projects. Keller’s Project Management Academy and Field Leadership Academy are designed to create project managers with a consistent skill set across the entire organisation. The academies cover a broad range of topics including contract management, planning, risk assessment, change management, decision-making and training. Keller Data Acquisition (KDAQ) system enabling performance monitoring of construction outputs, is increasing accuracy of estimated outputs and allowing for real-time adjustments of production where needed. |
| The PLM Standard aims to drive a consistent approach to project delivery with robust controls at every project phase. Key performance indicators, such as project margin and client satisfaction, are rolled out across the organisation, which is improving processes and strengthening Keller’s working culture. |
| Risk Movement (since 2020) | Causing a serious injury or fatality to an employee or a member of the public |
|---|---|
| Constant risk | Failure to maintain high standards of health and safety, and an increase in incidents in or around sites involving products or services offered to the public. |
| Link to strategic lever: | Inability to maintain a positive health and safety culture may lead to damage to morale, an increase in employee turnover rates and a decrease in productivity. Deterioration in health and safety performance may lead to a deterioration in customer, supplier and other stakeholder relationships and damage to our reputation in an area that we regard as a top priority. |
| Demonstrable mitigation | Health and safety policies and procedures are developed and communicated throughout the business and adhere to all legal requirements. Emphasis is placed on site safety, using safety briefings, safety assessments, safety observation visits and mandatory employee training. Regular training is provided on incident reporting and incident management processes across the organisation that ensures the hazards of the incidents are assessed and actions are put in place to prevent recurrence. |
| Risk Movement (since 2020) | Not having the right skills to deliver |
| Increased risk | Inability to attract and retain high-quality, motivated, and capable individuals. |
| Link to strategic lever: | Failure to maintain strong leadership skills impacts on Keller’s ability to deliver on strategy and business objectives. |
| Demonstrable mitigation | Continuing to invest in our people and organisation in line with the Keller People Strategy as noted below. Focus on our ‘People’ that are well trained, motivated and have the ability to deliver the company’s strategic goals. |
| Training is developed and provided to develop skills and improve competencies. The development of a training matrix ensures training is provided to develop competencies. A training plan to senior management of the Employee Development Program is rolled out to Keller employees who possess the necessary skills. |
Business leaders are incentivised to drive, develop, and champion initiatives and to drive, develop, and champion the necessary changes to the Group. While the Directors have updated company policies requiring employees and leaders to comply with local laws and ensure Directors remained fully aware of any developments. We are seeing increased demand for qualified personnel as well as increased hiring activity across many locations where Keller operates. This is leading to increased risk around recruiting and onboarding new employees to fill skills to deliver.
Keller Group plc Annual Report and Accounts 2021 Strategic Report
40
| Risk | Potential impact | Demonstrable mitigation # Strategic Report
| Profitable projects | Planet | People | Principles |
|---|---|---|---|
| See pages 45 to 52 | See pages 53 to 63 | See pages 64 and 65 |
| Global initiatives | Local initiatives |
|---|---|
| Carbon reduction | See pages 45 to 48 |
| Resource use and waste reduction | See page 49 |
| Safety | See page 58 |
| Race DEI | See pages 54 and 55 |
| Good governance | See page 64 |
| Gender DEI | See pages 53 to 57 |
Stretch target
Net zero target can control emissions
Some clients already
Net zero projects
Acceleration
To help clients
achieve net zero
Collaborate and
help clients
achieve carbon neutral solutions
| Scope | Target | Net zero target |
|---|---|---|
| Scope 1 | Direct | by 2040 |
| Scope 2 | Direct | by 2030 |
| Scope 3 | Operational | 2020 |
| Dependent on supplier innovation and active partnerships | ||
| Client net zero likely to increase |
Scope 3 emissions are all indirect emissions in our value chain. They are currently the largest component of our greenhouse gas emissions. They are largely influenced by our supply network and the nature of our operations. Whilst Keller looks to reduce Scope 3 emissions by changing resource and service demand, we are still dependent on our supply network decarbonising their activities to achieve net zero. Although we do not have direct control over suppliers' net zero, we have invested in a range of measures to help Keller reduce Scope 3 emissions by 25% by 2030.
Scope 2 emissions are the indirect emissions from the generation of purchased energy in each of the countries where we operate. Our energy consumption results in emissions from the generation of electricity that we consume and indirect emissions from the generation of steam, heating and cooling. Our targets will reduce Scope 2 emissions through the investment in energy efficiency across the business, but there are many opportunities to save electricity. These improvements are achieved through investing in more efficient lighting, as well as building controls and energy management systems. However, we do need to be mindful of the current economic climate and the ongoing need for energy to power essential services. We will need to make significant investments to achieve Scope 2 emissions by 35% by 2030.
Scope 1 emissions are direct emissions from our operations. Our targets are driven from the greenhouse gas emissions from Keller’s fleet vehicles and plant and equipment. Consequently, we have significantly decreased or maintained our Scope 1 emissions per £m revenue year on year – 15% in recent years. In terms of Scope 1 emissions, all the fleet vehicles use the latest tier 5 engines. This reduces our emissions to a minimum, improving air quality and reducing our environmental impact. Nevertheless, the fleet has to be maintained to a high standard and we have undertaken a significant upgrade to the fleet to reduce the impact of the fleet – this will improve the fuel efficiency of the fleet. However, as we have already identified, some innovations, such as the fleet being powered by renewable power, require investment and may lead to a higher initial outlay to the business. This will be captured in the HSE policy and reporting disclosure.
Our targets drive our fleet to net zero target. These targets represent Keller’s commitment to the planet and drive our ambitious performance. These ambitious targets allow us to drive performance in climate-related opportunities and climate-related risks. We divide our emissions targets using the scopes set out in the GHG Protocol.
| Emissions targets | Scope | Net zero target |
|---|---|---|
| 1 | by 2040 | |
| 2 | by 2030 | |
| 3 |
The carbon hierarchy
Relative size of our emissions (approximate)
The carbon hierarchy and key initiatives that drive our targets that help us to achieve carbon reductions. To achieve net zero targets, we deploy the Keller Group’s aim to reduce the carbon intensity across all our operations. This helps us decarbonise all our value streams, driving us to net zero operations. First, we look to eliminate emissions completely. This includes undertaking site visits rather than travelling, or using ground transportation instead of air travel for our teams and our specialist equipment. Whilst we still plan to train our teams, we have to ensure that we have robust carbon management systems in place. From there, we look to substitute emission sources, such as using lower carbon cement, recycled materials or lower carbon energy. Finally, for those that emit, we will look to offset residual emissions.
Additionally, multiple Keller businesses possess the ability to generate additional carbon offsets through the environmental standards of our operations. Many carbon savings, such as eliminating travel, have to go hand in hand with robust carbon management systems. However, we acknowledge that some innovations, such as the fleet being powered by renewable power, require investment and may lead to a higher initial outlay to the business. This will be captured in the HSE policy and reporting disclosure.
| Scope 1 | Scope 2 | Scope 3 |
|---|---|---|
| Directly within Keller | In supply network | |
| Plant & equipment | Gas and office electricity | Transport and travel |
| Diesel – other equipment | Materials | |
| On-site diesel – rigs | Site waste | |
| Target | Target | Target |
| by 2040 | by 2030 | by 2050 (Operational) |
As in previous years, Keller disclosed our energy efficiency to the HM Treasury. HM Treasury assesses the performance of Keller’s operations, as they help us to integrate and drive climate-related risks and opportunities. In 2021, we accessed a CDP. This is an important indicator on our score in 2020, with improvements in all disclosure categories. This means Keller remains ahead of the leading CDP score of a A-. Whilst this CDP score does not cover our progress on setting net zero targets, as those are internal to Keller climate risks and opportunities disclosures. These will have to be covered in future CDP disclosure. Keller do have a range of initiatives to improve the energy efficiency of our operations. In terms of Scope 1 emissions, all the fleet vehicles are powered by 100% electric vehicles. This reduces our emissions to a minimum, improving air quality and reducing our environmental impact. Nevertheless, the fleet has to be maintained to a high standard and we have undertaken a significant upgrade to the fleet to reduce the impact of the fleet – this will improve the fuel efficiency of the fleet. However, the fleet has to be maintained to a high standard. However, the fleet has to be maintained to a high standard.
Scope 2 emissions are indirectly generated from the purchase of electricity across our organised transport and travel. In accordance with ESG, our fleet management, FMS, have a range of best practice in fleet management across Keller. We have to ensure Keller’s employees to achieve climate friendly performance in our fleet, with an ambitious target to reduce emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
Scope 2 emissions are directly generated from the purchase of electricity across our organised transport and travel. In accordance with ESG, our fleet management, FMS, have a range of best practice in fleet management across Keller. We have to ensure Keller’s employees to achieve climate friendly performance in our fleet, with an ambitious target to reduce emissions and improve air quality. However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
In North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
In North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest, we are trialling hybrid trucks as a way to reduce carbon emissions and improve air quality.
However, in North America, where vehicle emissions are largest# Similarly, multiple branches, such as Germany and the UK, have öúì÷æëèç÷òèñ÷ìõèïüêõèèñèñèõêü÷äõìģö
Both Keller’s Scope 1 and Scope 2 emissions äõèìñçèóèñçèñ÷ïü÷ëìõç¡óäõ÷üùèõìĤèçÝëìöìöäñ important step that we take to properly monitor progress on our carbon targets and mitigate key climate-related risks. In 2021, we started proactively monitoring our Scope 3 emissions on key projects, training over 100 employees on the EFFC – DFI embodied æäõåòñæäïæøïä÷òõÝëìöëäöèñäåïèçøö÷òòģèõ lower-carbon solutions to our clients, as well äöëèïóìñêìçèñ÷ìéüæäõåòñ¡ìñ÷èñöìùèÜæòóè
As we highlight in our journey to ñè÷ýèõòÔèïïèõìöæòððì÷÷èç÷ò reducing the carbon intensity òéòøõúòõîäñçìñæõèäöìñê÷ëëèôøäïì÷üäñçêõäñøïäõì÷üòéòøõ carbon reporting. Throughout 2021, we continued to measure òøõóèõéòõðäñæèòñæäõåòñ reduction, and wider climate change governance, in a ñøðåèõòéçìģèõèñ÷úäüö
Kimberly Martin joined Keller in December 2020. As Senior Engineer for Innovation and Üøö÷äìñäåìïì÷üöëèìö×òõ÷ëÊðèõìæäđöĤõö÷ engineer focused on sustainability. Kimberly is a leading light in the geotechnical sector’s sustainability journey. She is an active ðèðåèõòé÷ëèÐèò¡Òñö÷ì÷ø÷èäñçÍèèó Foundations Institute sustainability committees. She has also been selected ÷òöì÷òñ÷ëèåòäõçéòõ÷ëèÒñö÷ì÷ø÷èòéÌìùìï Engineers’ Engineering Sustainability journal.
Êöóäõ÷òé÷ëìöíòøõñèüÔìðåèõïüëäöåèêøñ÷ò roll out the sector’s standard carbon calculator in Keller North America.
“Ýòðäîèì÷èäöüéòõóõòíèæ÷ðäñäêèõö÷ò use, we’ve connected the calculator to our estimation spreadsheet,” says Kimberly. “This allows us to quickly compare techniques and highlight low-carbon options to our clients, putting us in a stronger position to win work.”
As well as being the right thing to do, sustainability is becoming more important for clients, particularly those who want support in õèäæëìñê÷ëèìõòúñ÷äõêè÷ö

Kimberly Martin
ÜèñìòõÎñêìñèèõéòõÒññòùä÷ìòñäñçSustainability, Keller North America
Kimberly is also looking at how we can reduce ÷ëèæäõåòñéòò÷óõìñ÷òéòøõ÷èæëñìôøèöÒñä öèõìèöòéìññòùä÷ìòñóõòíèæ÷öÔìðåèõïüìöúòõîìñê äïòñêöìçè÷ëè×òõ÷ëÊðèõìæäÜòìïÖìûìñêÙõòçøæ÷ Ýèäð÷òìñùèö÷ìêä÷è÷ëèøöèòéïòúèõ¡æäõåòñ ðä÷èõìäïöäñçðìûçèöìêñöÝëè÷èäðđöêòäïöäõè to decrease Portland cement consumption and, ìñöòðèæäöèöìðóõòùèðìûäåìïì÷üúëìæëæäñïèäç to a reduction in diesel use.
| 2021 | 2020 | |
|---|---|---|
| North America (‘000s) | 90 | 60 |
| Europe (‘000s) | 60 | 0 |
| AMEA (‘000s) | 15 | 15 |
| Equipment diesel | 30 | 30 |
| Petrol | 45 | 45 |
| Natural gas | 60 | 75 |
| Diesel | 15 | 30 |
| Electricity | 45 | 60 |
Ø÷ëèõéøèïö
Òñçèóèñçèñ÷ùèõìĤæä÷ìòñìñäææòõçäñæèúì÷ëåèö÷ practices required by ISO 14064-3 Standard on the Scope 1 and Scope 2 GHG accounts has been provided by Carbon Intelligence. Their öøððäõüòóìñìòñìöóõòùìçèçåèïòú¤éøïïòóìñìòñ and recommendations are available on request).
Ëäöèçòñ÷ëèçä÷ääñçìñéòõðä÷ìòñóõòùìçèçåü Keller and the processes and procedures conducted, Carbon Intelligence concludes with limited assurance that the GHG assertion:
It is our opinion that Keller has established äóóõòóõìä÷èöüö÷èðöéòõ÷ëèæòïïèæ÷ìòñ äêêõèêä÷ìòñäñçäñäïüöìöòéôøäñ÷ì÷ä÷ìùèçä÷äéòõ çè÷èõðìñä÷ìòñòé÷ëèöèÐÑÐèðìööìòñöéòõ÷ëè stated period and boundaries.
Keller’s 2021 Scope 1 emissions increased since " " Üæòóè!éøèïèðìööìòñöäõèëìêëïü dependent on the projects completed annually. Ýëèõèéòõèöìñæèúèëäùèæòðóïè÷èçðòõèúòõî this year than during the COVID-19 restrictions òé" " òøõèðìööìòñöëäùèìñæõèäöèçÑòúèùèõ ÷ëèæäõåòñìñ÷èñöì÷üòéòøõòóèõä÷ìòñöóèõ|ð revenue has remained level. Ongoing COVID-19 pressures on market pricing and operational disruption across our business meant this relative metric remained unchanged, despite a ñøðåèõòéæäõåòñöäùìñêìñì÷ìä÷ìùèöÜæòóè" èïèæ÷õìæì÷üèðìööìòñöäõèðòö÷ïüéõòðòĦæèäñç üäõçòóèõä÷ìòñöÝëèõèéòõè÷ëèæòñ÷ìñøèç decrease in Scope 2 location-based emissions this year, even as some businesses returned to ëüåõìçòõòĦæèúòõîìñêõèĥèæ÷ö÷ëèìðóõòùìñê èñèõêüèĦæìèñæüòéòøõóèõðäñèñ÷öì÷è òóèõä÷ìòñöÝëèêõòúìñêçìģèõèñæèåè÷úèèñ location-based and market-based Scope 2 èðìööìòñöäïöòõèĥèæ÷öëòúöòðèòéòøõ business units are now procuring renewable èïèæ÷õìæì÷üéòõ÷ëèĤõö÷÷ìðè
Since we work with local suppliers on each óõòíèæ÷úèëäùè÷ëòøöäñçöòéöøóóïìèõöìñòøõ ùäïøèæëäìñÝëìöæòðóïèûì÷üðèäñö÷ëä÷úèëäùè ìñì÷ìäïïüéòæøöèçòøõÜæòóè#õèóòõ÷ìñêçìöæïòöøõè on business travel in key markets. Scope 3 business travel has increased since 2020 as ÌØßÒÍ÷õäùèïõèö÷õìæ÷ìòñöúèõèïìé÷èçàè continue to develop our Scope 3 reporting to ìñæïøçè÷ëèõèö÷òéòøõØóèõä÷ìäï÷äõêè÷
| Group 2021 | Group 2020 | Group 2019 | Group 2018 | |
|---|---|---|---|---|
| Energy use MWh | 741,579 | 691,074 | 811,881 | 817,256 |
| Scope 1 tonnes CO 2 e | 183,112 | 169,216 | 198,289 | 202,238 |
| Scope 2 (market-based) tonnes CO 2 e | 6,574 | 7,091 | ||
| Scope 2 (location-based) tonnes CO 2 e | 6,723 | 7,094 | 9,159 | 9,349 |
| Total Scope 1 & 2 (market-based) tonnes CO 2 e | 189,686 | 176,307 | ||
| Total Scope 1 & 2 (location-based) tonnes CO 2 e | 189,835 | 176,310 | 207,448 | 211,587 |
| CO 2 e per £m revenue | 85 | 85 | 90 | 95 |
| Keller UK 2021 | Keller UK 2020 | Keller UK 2019 | Keller UK 2018 | |
|---|---|---|---|---|
| Energy use MWh | 19,699 | 12,949 | 16,724 | 16,496 |
| Scope 1 tonnes CO 2 e | 4,961 | 3,033 | 3,915 | 3,850 |
| Scope 2 (market-based) tonnes CO 2 e | 0 | 218 | ||
| Scope 2 (location-based) tonnes CO 2 e | 69 | 219 | 265 | 295 |
| Total Scope 1 & 2 (market-based) tonnes CO 2 e | 4,961 | 3,251 | ||
| Total Scope 1 & 2 (location-based) tonnes CO 2 e | 5,030 | 3,252 | 4,180 | 4,145 |
| CO 2 e per £m revenue | 50 | 53 | 64 | 66 |
| Scope 3 business travel tonnes CO 2 e | 97 | 26 |
|---|---|---|
×ò÷è÷ëä÷öòðèòé÷ëèéøèïúèøöèìñòøõèôøìóðèñ÷ìöóøõæëäöèçåü÷ëèðäìñæòñ÷õäæ÷òõäñçúèäõèæøõõèñ÷ïüøñäåïè÷òõèóòõ÷òñ÷ëèöè èðìööìòñöçøè÷òçìĦæøï÷ìèöúì÷ëæòïïèæ÷ìñêäææøõä÷èçä÷ä
Keller Group plc Annual Report and Accounts 2021 Strategic Report 48
àèõèæòêñìöè÷ëèïäõêèùòïøðèöòéðä÷èõìäïö used and produced on our sites, so have started äñøðåèõòéóõòíèæ÷ö÷òìðóõòùè÷ëèöèìðóäæ÷ö Keller routinely promotes ground improvement solutions as a way to reduce raw material use on site. Ground improvement uses natural or recycled materials to improve ground load carrying capacity. This reduces or completely õèðòùèö÷ëèñèèçéòõëèäùüéòøñçä÷ìòñöÒñ÷øõñ ÷ëìöõèçøæèö÷ëèùòïøðèòéæèðèñ÷äñçö÷èèï used on site, saving primary resource use, and óò÷èñ÷ìäïïüòģèõìñêäĤñäñæìäïöäùìñê÷òòøõ æïìèñ÷öÝëèõèçøæèçñèèçéòõëèäùüéòøñçä÷ìòñö äïöòõèçøæèö÷ëèæäõåòñìñ÷èñöì÷üòé÷ëè òùèõäïïóõòíèæ÷
Êöúèïïäöäççõèööìñêòøõøöèòéõäúðä÷èõìäïö úèäõèäïöòîèèñ÷òõèçøæèúäö÷èØéäïï÷ëè êèò÷èæëñìæäïöòïø÷ìòñöúèòģèõòøõíè÷êõòø÷ìñê solutions have traditionally used the most water äñçæõèä÷èç÷ëèðòö÷úäö÷èöóòìïÝëèõèéòõèòøõ research and development teams have been trialling ways to monitor and reduce these impacts. Þöìñêäæòðåìñä÷ìòñòéĤï÷èõæëäðåèõóõèööèö æèñ÷õìéøêèöäñçöëäïèöëäîèõöúèäõèñòúäåïè ÷òõèçøæè÷ëèùòïøðèöòéúäö÷èúä÷èõäñçöóòìï produced on jet grouting sites. As well as õèçøæìñê÷ëèæòö÷òéúäö÷èçìöóòöäï÷ëìöëäö÷ëè äççèçåèñèĤ÷òéõèçøæìñê÷ëèñøðåèõòéõõøæîö õèôøìõèç÷ò÷õäñöóòõ÷ðä÷èõìäïöòģöì÷èÝëìö reduces congestion around our sites, improving air quality and reducing our impact on the
ïòæäïæòððøñì÷ü
àèäïöòëäùèäñøðåèõòéòñêòìñêõèöèäõæë projects looking to use alternative materials éòõíè÷êõòø÷ìñêËøìïçìñêòñ÷ëèöøææèööòé our Halocrete ® and Neutrogel ® innovations announced in the 2020 annual report, we are ñòúçèùèïòóìñêò÷ëèõñòñ¡÷òûìæïòú¡æäõåòñ êõòø÷öéòõò÷ëèõêèò÷èæëñìæäïóøõóòöèö
Ýëìöìñì÷ìä÷ìùèõèĥèæ÷ö÷ëè contribution Keller can make towards the circular economy. In particular, we look to reduce raw material use, increase our øöèòéöèæòñçäõüðä÷èõìäïö õèçøæèúäö÷è÷òïäñçĤïïäñç äïïòúéòõóìïèõèøöè
àì÷ë÷ëìöÜÍÐúèéòæøöòñ improving our impact on the local communities in which we òóèõä÷èàèäïöòéòæøöòñ èñöøõìñêòøõöòïø÷ìòñöòģèõ õèöìïìèñæèéòõæì÷ìèöäñç æòððøñì÷ìèöéäæìñê÷ëèóëüöìæäï õìöîöòéæïìðä÷èæëäñêè
Öäñüòéòøõåøöìñèööøñì÷öúòõîúì÷ëïòæäï òõêäñìöä÷ìòñöäñçúìïçïìéè÷õøö÷ö÷òìðóõòùè ÷ëèìõïòæäïèñùìõòñðèñ÷ÏòõèûäðóïèòøõÒñçìäñËøöìñèööÞñì÷øöèçõèðäìñìñêæèðèñ÷ïèé÷òùèõ éõòðòñèóõòíèæ÷÷òðäîèåõìæîöéòõïòæäï community construction projects. As subcontractors and contractors on site in øõåäñäõèäöúèðäîèøöèòéçøö÷öøóóõèööìòñ äñçåäħìñê÷òðìñìðìöè÷ëèìðóäæ÷òéçøö÷äñç noise on the local environment. We also typically use local material suppliers to support local businesses, reduce transport distances and reduce congestion around our sites.
We recognise that every community and city that úèòóèõä÷èìñëäöçìģèõèñ÷öøö÷äìñäåìïì÷üñèèçö ÝëèõèéòõèäïòñêöìçèòøõÐõòøó¡úìçè æòððì÷ðèñ÷öèäæëòéòøõåøöìñèööøñì÷öëäùè their own local sustainability priorities. We take ÷ëìööäðèäóóõòäæë÷òòøõóõòíèæ÷öÏòõèûäðóïè òñ÷õèä÷ìñê÷ëèóëüöìæäïèģèæ÷öòéæïìðä÷è æëäñêèÔèïïèõúòõîöòñĥòòççèéèñæèóõòíèæ÷ö äñçóõòíèæ÷öéòæøöèçòñêõòøñçõèðèçìä÷ìòñ ÷õèä÷ìñêçèöèõ÷ìĤæä÷ìòñàèæòñ÷ìñøè÷òçèùèïòó òøõóõòçøæ÷óòõ÷éòïìò÷òðèè÷÷ëèöèêõòúìñê markets. We promote these products both çìõèæ÷ïü÷òæïìèñ÷öäñç÷ëõòøêëòøõèûìö÷ìñê sustainability brochure.# Sustainable solution sets Keller apart
We are committed to improving our èñùìõòñðèñ÷äïìðóäæ÷åüòģèõìñêæïìèñ÷ö more environmentally sustainable solutions wherever possible. Strengthening weak soils with columns of compacted crushed concrete, recycled from other construction projects, is one öøæëöòïø÷ìòñ Tudor Park is an upscale housing development óõòíèæ÷ìñÑòòéçòõóñèäõÊðö÷èõçäðàè óõòóòöèçùìåõòö÷òñèæòïøðñöéòõäðøï÷ì¡ storey, 31-unit apartment block as the best technical, economical and sustainable ground improvement solution. The technique involves penetrating the êõòøñçøöìñêäçèó÷ëùìåõä÷òõĤïïìñê÷ëèùòìç with crushed recycled concrete and then compacting it with the vibrator. Each column ìö÷ëèñæëèæîèçéòõôøäïì÷üäñçöøõùèüöäõè carried out to ensure the soils in between meet the required density. Ýëèóõòæèööìöéäö÷èäöü÷òçòäñççòèöñđ÷ require any additives such as cement. The ðè÷ëòçìöäïöòìçèäïéòõæòñ÷äðìñä÷èçêõòøñç as it doesn’t create any spoil that would ò÷ëèõúìöèëäùè÷òåèçìöóòöèçòé Solutions like this demonstrate our commitment to a more sustainable éø÷øõèàèïòòîéòõúäõç÷òòģèõìñêmany more clients quality, low-carbon solutions for both infrastructure and residential óõòíèæ÷öĔ
Richard Looij
Project Manager Central Europe
We estimate that using stone columns on this óõòíèæ÷õä÷ëèõ÷ëäñäëèäùüéòøñçä÷ìòñøöìñê cement and steel, saved around 260 tonnes òéÌØ 2 e. This is equivalent to saving 56 cars õøññìñêéòõäúëòïèüèäõÞöìñêõèæüæïèç materials also saved some 2,500 tonnes òéäêêõèêä÷èéõòðåèìñêðìñèç
Keller Group plc Annual Report and Accounts 2021 Strategic Report50
Keller is committed to delivering its solutions in a socially and environmentally conscious manner. Over recent years reporting processes have ìðóõòùèçäñçóèõéòõðäñæè is generally encouraging. We did not have any environmental prosecutions ìñ" "!Ýëèòùèõäïïñøðåèõòéèñùìõòñðèñ÷äï incidents remained in line with those reported the previous year, with most incidents being ðìñòõëüçõäøïìæïèäîöàèëäùè÷ëèõèéòõèåèêøñ implementing an updated equipment inspection óõòæèööøöìñêòøõöì÷èöòé÷úäõèóõìòõ÷òèäæëöëìé÷ æòððèñæìñêìñäñèģòõ÷÷òõèçøæè÷ëèñøðåèõ òéðìñòõöóìïïö
We continue to work on our preventative maintenance programmes to ensure that we äççõèööäñüìööøèöåèéòõè÷ëèèùèñ÷òææøõöÒñ addition, we ensure that secondary containment ìöìñóïäæèéòõö÷òõèçèôøìóðèñ÷äñçðä÷èõìäïö
We continually seek to improve our processes òñöì÷èöóèæìĤæäïïüäõòøñçíòåóïäññìñê÷òèñöøõè ÷ëä÷úèìçèñ÷ìéüðì÷ìêä÷èäñçæòñ÷õòïòøõõìöîö and minimise our environmental impact. Whilst as subcontractors we have minimal control on biodiversity on site, multiple business øñì÷öæòñ÷ìñøè÷òèñêäêèúì÷ëúìïçïìéè÷õøö÷ö÷ò promote local biodiversity.
Combining a range of geotechnical products and environmental innovation, Keller is helping create a new future for Norway’s leading cancer hospital. The Radiumhospitalet in Oslo is undergoing äðäíòõ÷õäñöéòõðä÷ìòñõèóïäæìñêòø÷çä÷èç åøìïçìñêöúì÷ëäö÷ä÷è¡òé¡÷ëè¡äõ÷÷õèä÷ðèñ÷ centre. Ôèïïèõđöéòøñçä÷ìòñöòïø÷ìòñæòðåìñèçåòõèç piles with a jet grout seal, and anchors. A åäæî¡ĥòú÷õèä÷ðèñ÷óïäñ÷éòõíè÷êõòø÷ìñê úäöäïöòìñæïøçèçÝëìöĤï÷èõö÷ëèúä÷èõìñ÷ëè spoil, which can then be reused, reducing the äðòøñ÷òéöóòìïöèñ÷÷òïäñçĤïïÝòäùòìç òùèõæòñöøðó÷ìòñòé÷ëèæòñæõè÷èæäøöèçåü ÷ëèöòé÷æïäüö÷ëèêõòøñçúäöóõè¡ö÷äåìïìöèç øöìñêçèèóöòìïðìûìñê
Noise reduction was a priority on the live hospital site. Keller mitigated this through reverse circulation drilling. This involved water-powered, rather than air-powered, machinery, which is quieter, and also reduces ùìåõä÷ìòñäñç÷ëèõìöîòéöè÷÷ïèðèñ÷
The government was looking for a quality solution, but also one that considered the environment. We were able to design a complete solution that reduced risk, noise äñçúäö÷èäñçúòõîèçìñçìĦæøï÷ äñçïòú¡ëèäçõòòðäõèäöĔ
Dominik Gächter
Regional Manager South East Europe and Nordics
Keller Group plc Annual Report and Accounts 2021 Strategic Report 51
Òñðèè÷ìñê÷ëèõèôøìõèðèñ÷öòéÕìö÷ìñêÛøïè 9.8.6.R we have concluded that:
* We comply with recommended disclosures around Governance, Risk management, and Metrics and targets.
* We partially comply with recommended disclosures around Strategy.
Òñ÷ëè÷äåïèåèïòúúèæõòöö¡õèéèõ÷òúëèõè÷ëè çìöæïòöøõèöäõèïòæä÷èçòõóõòùìçèõèäöòñéòõ partial compliance. On assessing compliance we took into consideration the guidance çòæøðèñ÷öõèéèõõèç÷òìñ÷ëèêøìçäñæè notes to the Listing Rules.
| TCFD elements | TCFD recommended disclosures | Cross-reference | Status | Next steps and other comments |
|---|---|---|---|---|
| Governance | Ëòäõçđöòùèõöìêë÷òéæïìðä÷è¡õèïä÷èç risks and opportunities | See pages 44, 77, and 78 | A quarterly report on all ESG initiatives and deliverables by the Group Company Secretary and Legal Advisor, to the Board, assures a clear reporting line on all ESG matters, including climate change, to the Chairman and the Board. | |
| Management’s role in assessing and managing climate-related risks and opportunities | See pages 44, 77, and 78 | The Sustainability Steering Committee oversees environmental matters and climate-related risks and opportunities. | ||
| Strategy | Climate-related risks and opportunities | |||
| Ôèïïèõëäöìçèñ÷ìĤèçòùèõ÷ëèöëòõ÷medium and long term | See pages 32 and 38 | As our maturity grows and we embark on scenario óïäññìñêúèúìïïìñæòõóòõä÷èìñöìêë÷éõòð÷ëèúìçèõ åøöìñèööäñçäæõòööòøõùäïøèæëäìñ÷òìçèñ÷ìéüäñçäööèööclimate-related risks and opportunities. | ||
| Òðóäæ÷òéæïìðä÷è¡õèïä÷èçõìöîöäñç opportunities on Keller’s businesses, ö÷õä÷èêüäñçĤñäñæìäïóïäññìñê | See pages 32 and 38 | Ýëèìðóäæ÷òé÷ëèöèõìöîöäñçòóóòõ÷øñì÷ìèöúäö æòñöìçèõèçìñ÷ëèóõèóäõä÷ìòñòéòøõöèñöì÷ìùì÷üäñäïüöìöéòõ÷ëè" "!ùìäåìïì÷üö÷ä÷èðèñ÷Ýëèïòñêèõ¡÷èõð ìðóäæ÷öìñæïøçìñê÷ëèæòö÷öòéðì÷ìêä÷ìòñðèäöøõèööøæë äöõèäæëìñêòøõñè÷ýèõòêòäïöúìïïåèæòñöìçèõèçìñòøõ Ĥñäñæìäïóïäññìñêóõòæèööèöçøõìñê" "" | ||
| ÛèöìïìèñæèòéÔèïïèõđöö÷õä÷èêü÷äîìñêìñ÷ò æòñöìçèõä÷ìòñçìģèõèñ÷æïìðä÷è¡õèïä÷èç scenarios, including a 2°C or lower scenario | See page 32 | As above. In addition, some qualitative assessment has been conducted to support our CDP disclosures. This is òøõö÷äõ÷ìñêóòìñ÷÷òóõèóäõèéòõéøïïçìöæïòöøõèñèû÷üèäõ | ||
| Risk management | Ôèïïèõđöóõòæèööèöéòõìçèñ÷ìéüìñêäñç assessing climate-related risks | See pages 32 and 38 | We continually assess our overall risk management óõòæèöö÷òèñöøõèì÷õèðäìñöĤ÷éòõóøõóòöèäñçúìïïõèùìèú ÷ëèìñ÷èêõä÷ìòñòéÝÌÏÍõèôøìõèðèñ÷öìñ÷òòøõèûìö÷ìñê óõòæèöö÷òèñöøõèúèæòñ÷ìñøè÷òêäìñðäûìðøðåèñèĤ÷ through harmonising our risk management processes. àèúìïïö÷õìùè÷òìðóõòùèòøõäóóõòäæë÷òìçèñ÷ìéüìñêassessing and managing all risks and opportunities. | |
| Ôèïïèõđöóõòæèööèöéòõðäñäêìñêclimate-related risks | See pages 32 and 38 | Ñòúóõòæèööèöéòõìçèñ÷ìéüìñêäööèööìñê and managing climate-related risks are integrated into Keller’s overall risk management See pages 32 and 38 | ||
| Metrics and targets | Metrics used by Keller to assess climate-related risks and opportunities in line with strategy and risk management process | See pages 46 and 48 | These metrics will continue to develop as we grow our scenario analysis. | |
| Scope 1, Scope 2 and Scope 3 greenhouse gas (GHG) emissions and related risks | See page 48 | àèúìïïåèñè÷ýèõòòñÜæòóè"åü" # ñè÷ýèõòòñÜæòóè!åü" $ äñçñè÷ýèõòåü" % òñÜæòóè#Øóèõä÷ìòñäï We have already started to implement the actions required to measure progress and achieve these goals. | ||
| Targets used by Keller to manage climate-related risks and opportunities äñçóèõéòõðäñæèäêäìñö÷÷äõêè÷ö | See pages 45 and 46 | We continue to develop internal leading targets to mitigate climate risks and realise opportunities. |
Complete Status key:
* ■ In progress
* □ Not yet started
Keller Group plc Annual Report and Accounts 2021 Strategic Report52
Keller introduced a reverse mentoring programme this year to enable senior executives to have in-depth conversations úì÷ëèðóïòüèèöúì÷ëçìģèõèñ÷åäæîêõòøñçö and life experiences to them.
ÓòöèÖäõ÷ìñèýßìæèÙõèöìçèñ÷Øóèõä÷ìòñö Keller North America mentored Kerry Porritt, Group Company Secretary and Legal Advisor. Jose says: “It was a little intimidating because Ôèõõüìöòñ÷ëèÎûèæø÷ìùèÌòððì÷÷èèåø÷úì÷ë äåì÷òé÷õäìñìñêäñç÷ìðèÒåèæäðèðòõèä÷ ease with the process. ēÒúäöåòõñäñçõäìöèçìñÙøèõ÷òÛìæòïèé÷ëòðè at 17 and didn’t speak good English, but I went to college and got my degree. I talked with Ôèõõüäåòø÷åèìñê÷õèä÷èççìģèõèñ÷ïüåèæäøöè òé÷ëèæòïòøõòéðüöîìñäñç÷ìðèöúëèñÒëìç ðüæøï÷øõè÷òĤ÷ìñĔ
ÔèõõüöäüöēÒúäöõèäïïüéòõ÷øñä÷è÷òåè partnered with Jose because he was so committed to the process and so open about öëäõìñêëìöïìéèèûóèõìèñæèö
“What the sessions highlighted is that, although the challenges and opportunities èùèõüòñèëäöêõòúìñêøóæäñåèöòçìģèõèñ÷ì÷ öèèðö÷òðèèùèõüòñèìöïòòîìñêéòõäöèñöè òéåèïòñêìñê¢òéåèìñêïìö÷èñèç÷òäñçëèäõçĔ
ÌòñöæìòøöïèäçèõöëìóìöòñèòéòøõÒñæïøöìòñ Commitments. It is a unique and critical capability that will help us adapt to diverse customers, markets, ideas and talent.
Jose Martinez
Branch Manager
¥Ýèûäö¥
Kerry Porritt
Group Company Secretary and Legal Advisor
ĐàèäõèÔèïïèõđöè÷öòø÷òøõInclusion Commitments and brings together what we are doing to build a more diverse, equitable and inclusive workplace.# Keller Group plc Annual Report and Accounts 2021
While gender equality and empowerment are important for our culture, Keller recognises and embraces the diverse and inclusive nature of our workforce. This is important because our employees represent the diverse backgrounds, geographies, skills, experiences, perspectives and insights. This is important to build an inclusive, diverse and equitable business strategy and to best serve our customers around the world.
New reverse mentoring programme
Case study Conscious Leadership
Improve accountability through inclusive and conscious leadership. By empowering and supporting our leaders to excel in this space.
Evolve
Continue to evolve as the employer of choice in our industry. To attract, inspire and retain a more diverse group of talent.
Listen
Listen and engage with our workforce. Through employee-led affinity groups and workforce engagement opportunities.
Partner
Partner with like-minded organisations through inclusivity. To drive necessary change in the industry.
Empower
Empower and invest in our workforce. By creating an environment of continuous learning and development to support our people in reaching their full potential.
Celebrate
Celebrate our differences and all that unite us. Through earmarking key global events that represent the breadth of our workforce.
The culture at Keller is defined by our people, and to reiterate our commitment we have outlined below initiatives and events from 2020.
January
Established a Race Advisory Committee.
April
Schools outreach programme started to engage with underprivileged school kids in Chicago and raised awareness through targeted campaigns linked to key global events including Hispanic Heritage Month and Asian American and Pacific Islander Heritage Month and Juneteenth.
July
Mandated diverse candidate slates for leadership vacancies and introduced an internal recruitment process that advertises vacancies globally to encourage mobility and provider broader opportunities across the business.
Held listening sessions to understand the experiences, challenges and perspectives of working on site as an underrepresented minority. The outcomes were shared with local management to consider appropriate actions to retain and attract diverse talent.
Delivered an extensive DEI communications campaign across the Group based on our Inclusion Commitments to raise awareness.
Launched the Pitcaim Geotechnical Engineering Scholarship to attract the best of the new generation of engineers from schools and universities with a focus on ethnic diversity.
Established Keller Women in Construction (‘KWIC’) in Europe and AMEA and celebrated the one-year anniversary of KWIC Africa.
Partnered with the 30% Club, a global campaign committed to improving gender and ethnicity representation at board and senior management levels.
Partnered with conscious and inclusive resourcing firms such as FDM Group, who support and upskill diverse talent, returners to work and graduates.
Keller UK continued to partner with SCS, Women in Construction and Tideway on a pilot to develop their approach to gender diversity and DEI.
Developed and launched our Foundations of Wellbeing, an inclusive, people-led approach to wellbeing (see page 57).
Developed a best practice toolkit which provided our global leadership teams with tools and resources to implement initiatives that will help us deliver on our strategy and drive change in the longer term.
Throughout 2021, we delivered a number of initiatives and events and will continue to deliver key initiatives and events to support and develop our global leadership team and colleagues.
September
Continued to celebrate and recognise key global events that showcase the diversity of our workforce. Including the Chinese New Year, International Women’s Day, Ramadan, Eid ul-Fitr, Earth Day, Pride month, National Day of the Founding Fathers, National Engineering Day, World Suicide Prevention Day, Global Diversity Month, World Mental Health Day, Diwali, International Men’s Day, Hanukkah and Christmas.
Took part in Construction Inclusion Week which unites the industry in celebrating diversity and building inclusivity. Keller crew shared commitment and accountability, unconscious bias, supplier diversity, jobsite culture and community engagement.
Keller India partnered with Bhumi to educate disadvantaged children, including educational sessions at their centres.
Held diverse hiring webinars to share best practice across the Group and some regions adjusted their interview guides to ensure fair and equitable processes.
The National Centre for Diversity awarded Keller UK Senior Leadership Team of the Year. This celebrates active commitment to inclusion, respect, equality, diversity, inclusion and engagement.
Keller UK was also recognised by leading industry awards including DEI Leader of the Year.
Started a reverse mentoring programme to help our early-career professionals to mentor senior leaders, allowing for fresh perspectives to be gained, to foster inclusive leadership skills and to develop additional inclusive leaderships skills.
Built visibility of our female talent pipeline through the Women in Leadership potential talent development programme and are looking at targeted interventions to improve representation.
Developed/enhanced inclusive workforce policies in some regions including improved salary progression, health insurance, childcare vouchers, training for line managers to support return to work arrangements, UK compliance with HMRC requirements and arranging designated working arrangements, reasonable adjustments, interview support for employees with disabilities.
Conscious leadership
Improve accountability through inclusive and conscious leadership
Evolve
Continue to evolve as the employer of choice in our industry
Key
Listen
Observe and engage with our workforce
Partner
Align with UK/global organisations through inclusivity
Empower
Onboard and invest in our workforce
Celebrate
Recognise our diversity and all that unite us
Striving for an inclusive environment is integral to drive improvement and monitor progress. At Keller, inclusion is primarily measured via employee engagement surveys and focus groups and we are committed to ensuring our working environment is one where employees feel they can be themselves, are respected, valued and empowered. These engagement surveys provide a robust benchmark to inform our DEI strategy and progress and continue to track employee sentiment through the global employee surveys undertaken during the year:
We acknowledge that representation matters and are committed to measuring and monitoring gender diversity throughout the organisation. Building Balanced Teams, a new robust reporting tool, will provide us with the ability to track performance on gender and ethnic diversity and gain a greater understanding of the drivers and initiatives that will help us deliver on our strategy and drive change in the longer term. This reporting will assess results relating to the talent cycle such as hiring, promotion and turnover rates which will highlight where talent is being lost or is not developing. In addition, the DEI dashboard provide quarterly updates on their divisional and regional DEI progress and dashboards are shared with the Social and Community Committee (see page 86).
o ‘Keller respects individual differences’
‘I can voice a contrary opinion without fear of negative consequences.’
(Score above global construction and employee engagement scores in 2021)
Current Keller score: 81%
‘Diversity and inclusion’
(Score above global construction and employee engagement scores in 2021)
Current Keller score: 73%
Keller Women in Construction (KWIC)
Case study
KWIC are committed to improving gender representation and equality and continued to grow the reach of our employees. KWIC Africa celebrated their first anniversary in February and this was an opportunity to celebrate International Women’s Day where employees were encouraged to engage with girls and younger women in engineering. This committee also delivers on the science, technology, engineering and mathematics pipeline by hosting a women’s health webinar at Keller, and working alongside a panel of industry experts to deliver a virtual panel discussion on women’s health with the support of the health and wellbeing team. For their part, KWIC also invited an external speaker to deliver a Q&A with external guests to champion UK gender pay gap reporting.
KWIC (Europe), established in April, are committed to attracting, inspiring, supporting and developing women in Keller. They have launched a mentorship programme, identified upcoming talent within the organisation and are keen to expand their reach within the organisation. They are currently undertaking a gender pay gap assessment to help understand the underlying causes that may need addressing.# Our inclusion and diversity data
| As at 31 December 2021 | As at 31 December 2020 |
|---|---|
| *HQGHUIHPDOHUHSUHVHQWDWLRQ | No |
| Board members | 45 |
| Îûèæø÷ìùèÌòððì÷÷èè | 218 |
| Global leadership team | 59 |
| Engineers | 200* |
| Engineering graduates and apprentices | 20 |
| Ýò÷äïúòõîéòõæè | 1,061 |
×ò÷èöÊïïçä÷ääöä÷#!Íèæèðåèõ" "!Ðïòåäïïèäçèõöëìó÷èäðèûæïøçèöÎûèæø÷ìùèÌòððì÷÷èèðèðåèõö×Û×ò÷õèóòõ÷èç
ÎñêìñèèõöìñæïøçèöÎñêìñèèõìñêÙõòíèæ÷Öäñäêèðèñ÷ËøöìñèööÍèùèïòóðèñ÷äñçÎö÷ìðä÷ìñêúòõîéòõæè
Øøõêèñçèõçìùèõöì÷üö÷ä÷ìö÷ìæööëòúäñìñæõèäöèìñéèðäïèõèóõèöèñ÷ä÷ìòñä÷Îûèæø÷ìùèÌòððì÷÷èè¤#]¥èñêìñèèõìñêõòïèö¤&]¥äñç÷ò÷äïúòõîéòõæè¤!]¥àëìïö÷êïòåäïïèäçèõöëìó÷èäðõèðäìñöunchanged, we are committed to improving representation in this population. KWIC (Europe) are committed to attracting, inspiring, supporting and developing women in Keller.
| Attract | Inspire | Support | Develop |
|---|---|---|---|
| Education engagement | Role models | Communication | Community engagement |
| Allyship | Listen | Coaching | Onboarding and new starter support |
| Social media promotion | Tools and resources | Mentoring and reverse mentoring | Survey and engagement |
All leading companies want to get better – no matter how good they already are. One of the best ways to do this is to ask employees for their opinions and this is something we’re now doing more of at Keller. Our culture and engagement programme encourages employees to share their thoughts in an anonymous survey, and then discuss the results and decide actions to ìðóõòùèäöä÷èäðØñèòé÷ëèĤõö÷åøöìñèöö units to be involved was Moretrench Industrial.
“For us to attract them to come here and get them to stay, we have to have the right culture. That means having a better øñçèõö÷äñçìñêòéúëä÷èðóïòüèèöïìîèúëä÷ they don’t, and what’s on their mind. This helps to address issues as they arise and keep people happy,” says John Carpenter, President Moretrench Industrial. “The new Keller èðóïòüèèöøõùèüéäæìïì÷ä÷èöäïïòé÷ëìö”
Results across the board were broadly very positive, with the majority saying they were happy with the company and their position in it.
“The high levels of engagement and company leadership are highly and people also said they believe the company is heading in the right direction. Êæõì÷ìæäïóäõ÷òé÷ëèöøõùèüóõòæèööìöäæ÷ìñêòñ the results. John and his management team çìöæøööèç÷ëèĤñçìñêöúëìæëìñ÷øõñúèõè æòððøñìæä÷èç÷òöì÷è÷èäðöäöóäõ÷òéðòõñìñê åõìèĤñêöèööìòñö”
“This the survey is hugely rewarding for discussion; once you have that mechanism you can dig deeper and people are much more likely to open up,” he says. The survey made Justin Schuman, Equipment Öäñäêèõõèäïìöè÷ëèùäïøèòé÷äïîìñê÷òëìö÷èäð more. “I have all these analytics telling me what my equipment is doing, but you sometimes lose öìêë÷òé÷ëèéäæ÷÷ëä÷úèëäùè÷ëèöèìñæõèçìåïü èûóèõìèñæèçòóèõä÷òõöúëòæäñêìùèüòøöò ðøæëðòõèìñéòõðä÷ìòñúëèñüòø÷äïî÷ò÷ëèð”
| RIHPSOR\HHVDUHSURXGWRZRUN | DVDJUHDWSODFHWRZRUN |
|---|---|
| Moretrench Industrial | 93% |
| Moretrench DV | 91% |
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“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
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“DVDJUHDWSODFHWRZRUN | 93%
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“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
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“DVDJUHDWSODFHWRZRUN | 93%
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“DVDJUHDWSODFHWRZRUN | 91%
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“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
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“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
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“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
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“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
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“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
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“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
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“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
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“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
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“DVDJUHDWSODFHWRZRUN | 93%
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“DVDJUHDWSODFHWRZRUN | 93%
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“DVDJUHDWSODFHWRZRUN | 93%
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“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 91%
“DVDJUHDWSODFHWRZRUN | 93%
“DVDJUHDWSODFHWRZRUN | 9# Keller Group plc Annual Report and Accounts 2021 Strategic Report
EngagementLeadership
Being empowered and supported in building a career and a life that works for them.
Our goal – To encourage career conversations and growth opportunities that allow people to fulfil their potential and drive our business forward.
| Measurement | Level 1 | Level 2 | Level 3 | Level 4 |
|---|---|---|---|---|
| Engagement | Limited engagement with our people. | Some engagement with our people. | Active engagement with our people. | Deep and meaningful engagement with our people. |
| Wellbeing | Wellbeing rarely considered in our people processes. | Wellbeing considered but not consistently embedded. | Wellbeing policies and practices increasingly consider and promote wellbeing. | Wellbeing integrated into people processes and procedures. |
| Measurement | No data collection on wellbeing and its impact on the business. | Basic data collection on engagement and wellbeing. | Trend data and employee surveys used to assess engagement and wellbeing. | Structured measurement and regular, transparent reporting on wellbeing. |
Current Keller score: 78%
Target: Score above global construction and heavy industry average of 70%
Current Keller score: 80%
Target: Score above global construction and heavy industry average of 70%
Earlier in the year, we also delivered on our commitment to roll out employee assistance programmes across Keller. This was a key and timely milestone that enables us to offer additional support during COVID. Wellbeing requires long-term commitment, consistency and regular engagement to be effective. To track our progress, we developed a wellbeing maturity model. This enables us to understand what we are doing well and where we need to focus our efforts to ensure collective improvement over time. We believe we are at a Level 2 today, with an ambition to reach Level 4 by 2025. Local business units will use the maturity model to assess their current status and to identify how to progress to the next level.
Keller’s response to the COVID-19 pandemic in 2020 – protecting our people and protecting our business. Our operations had become used to the protocols we had established during 2020 and the efficacy of these measures was clear in the reduced infection rates during the preceding year. Our attention soon began to shift to establishing vaccination guidance which was driven by the advice of Public Health England, the NHS and WHO.
One person dies from suicide every 40 seconds
Potential warning signs
* Feelings of hopelessness or worthlessness, depressed mood, poor self-esteem, or guilt
* Not wanting to participate in family or social activities
* Feelings of anger, rage, need for revenge
* Feeling exhausted most of the time
* Trouble concentrating
* Frequent physical symptoms such as headaches or stomach aches
* Changes in sleeping and eating patterns
* Feeling listless, irritable
* Regular and frequent crying
* Not taking care of yourself
* Reckless, impulsive behaviours
Six steps to respond
1. Reach out to the person: Ask how they are doing. Listen without judging.
2. Mention changes you have noticed in the person’s behaviour and say that you are concerned about their wellbeing.
3. Suggest that they talk with someone in HR, a dedicated helpline, a doctor or our employee assistance programme.
4. Make it clear that you will always be willing to listen.
5. Follow up where possible to ensure that action has been taken.
6. If you or someone you know is struggling, our employee assistance programme offers confidential, professional support.
Call the helpline, email, access online counselling and resources or use the online chat.
Visit the HSE website for guidance, support and resources: www.hse.gov.uk
* Mental Health Support
* Substance Misuse
* Family issues
* Bereavement
* Conflict resolution
We have extended our employee assistance programmes so employees and their dependants in all regions can access support during 2021. This programme provides employees with access to a range of confidential counselling services.
Dealing with COVID-19 over the last year or so has had a devastating impact on many people. This came through in Keller’s COVID-19 employee survey, as well as its employee engagement surveys.
To a degree, we have addressed our employees’ wellbeing assistance programmes to ensure global coverage of this benefit. This has allowed us to offer more effective and equitable support to employees and their dependants. These programmes provide more support to our people. They help them take the very best care of themselves and their families and to be more successful at meeting their responsibilities at home and at work. Wellbeing is a leadership priority and we support our people to be the best version of themselves at work and at home, today and in the future.
Sandy-lee Connolly
Director of People and Wellbeing
Case study
Due to the multiple jurisdictions within the Keller Group and the varying advice around whether to be vaccinated or not, the company determined that its approach would be to encourage and support employees in becoming vaccinated. Our approach to encouraging and supporting vaccination has been led by management at all levels of the organisation and through people managers. In some countries we have been able to achieve a high uptake of 85% of eligible employees were encouraged to take up the vaccine. Although there is still a significant challenge of the unvaccinated population, the company’s approach to involve the participation of employees has been invaluable. The first phase of the UK drive involved a focus on frontline employees and those with higher exposure to the public. Following the success of the UK pilot, the approach was replicated across all regions.
Keller worked closely with government medical advisors to ensure that 90% of all UK employees (and contract employees) were able to get the vaccine. In recognition of this effort, the UK Health and Safety Executive Council (HSE) awarded the team a special category Corona Warriors award.
Case study
We are partnering with Bhumi, one of India’s largest charities, to support and educate disadvantaged children and encourage future generations to protect the environment. Bhumi has over 30,000 mainly youth volunteers and has helped educate more than 25,000 children across India since its inception in 2001. This initiative will involve providing scholarships to support underprivileged children in their education, and promoting eco workshops. COVID has had a devastating impact on dependants of Keller employees in India, so Bhumi will help provide scholarships to children who have lost a breadwinner to the coronavirus or terminal illness over the past two years. This will include a range of needs for employees, subcontractors and others with links to Keller. The selected children will then receive a scholarship. We will also be sponsoring Bhumi educational centres with IT equipment. And employees will be encouraged to get involved in the charity’s Eco-Champs programme, where children plant trees, learn about recycling and take part in art workshops alongside an environmental awareness programme.
‘We really hope to be able to make a tangible difference to our people’s children.’
J ‘Subbu’ Subramanian
Director of HSE, Bhumi# Leadership on Site training as well as Leading Teams Remotely were delivered during the æòøõöèòé" "!ÝëèÜäïèöÌòøñöèïïòõ Programme is well established and seeks to increase the company’s capabilities in winning ëìêëèõôøäïì÷üúòõîéõòðòøõæïìèñ÷ö àèäõèæòððì÷÷èç÷òçèùèïòóìñêòøõéø÷øõè÷äïèñ÷ óìóèïìñèòéïèäçèõöäñçìñùèö÷ìñêìñòøõóèòóïè÷ò ensure they are equipped with the skills to drive ÷ëèòõêäñìöä÷ìòñéòõúäõçúì÷ëìñäñèùèõæëäñêìñê äñçæòðóïèûðäõîè÷ØøõÞñèäõ÷ëìñêÙò÷èñ÷ìäï talent development programme enables us to åøìïç÷ëìöæäóäåìïì÷üäñç÷òõèöóòñç÷ò÷ëèéø÷øõè ñèèçöòé÷ëèåøöìñèööÒ÷äïöòäïïòúöøö÷òäæ÷ìùèïü èñêäêèäçìùèõöèõäñêèòé÷äïèñ÷äöúèïïäöçèùèïòó éø÷øõèïèäõñìñêéòõäïïàèåèïìèùè÷ëä÷èùèõü èðóïòüèèöëòøïçëäùè÷ëèòóóòõ÷øñì÷üéòõõèêøïäõ career conversations and development plans, and during the year, included an additional module to éäæìïì÷ä÷èçìöæøööìòñö÷ëä÷éòõðäõ÷òé÷ëè÷äïèñ÷ development programme.
Keller’s ability to deliver its business strategy depends on employees with relevant skills, îñòúïèçêèäñçèûóèõìèñæèØøõêõòøó¡úìçè learning and development programmes promote a culture that empowers our people to drive ìññòùä÷ìòñäñçéòæøöòñÔèïïèõđöóõìñæìóäïäæ÷ìùì÷ìèö òéúìññìñêäñçèûèæø÷ìñêúòõîòñåèëäïéòéæïìèñ÷ö From mid-2021, the North America division was able to reactivate its learning and development óõòêõäððèöúì÷ë÷ëèúòõîéòõæèÝëèöèö÷äõ÷èç úì÷ëöòðèòñïìñèõèéõèöëèõ÷õäìñìñêéòõ÷ëòöè÷ëä÷ had previously attended the Project Manager academy prior to the pandemic to ensure that the previous learning outcomes realised remained relevant and current. In person äæäçèðìèö÷ëèñéòïïòúèçéòõÙõòíèæ÷Öäñäêèõö and Field Superintendents; as well as a cohort òéöäïèö÷õäìñìñê Êðäíòõéòæøöéòõ×òõ÷ëÊðèõìæäéòïïòúìñê÷ëè One Keller reorganisation has been cross- ÷õäìñìñêòøõ÷èäðöìññèúóõòçøæ÷öòģèõèñêöéòõ æïìèñ÷öÊñòñïìñèòģèõèñêëäöåèèñçèùèïòóèç that supports our sales, engineering and project ðäñäêèðèñ÷÷èäðöçèùèïòóäúäõèñèööòé÷ëè éøïïæä÷äïòêøèòé÷èæëñìæäïæäóäåìïì÷ìè÷ëä÷Ôèïïèõ has. This has been a valuable tool in upskilling our ÷èäðö÷òåèäåïè÷òòģèõðøï÷ìóïèöòïø÷ìòñöéòõ our clients projects.
We invest in our people’s óõòéèööìòñäïäñçóèõöòñäï development and provide a æëäïïèñêìñê èñùìõòñðèñ÷ éòõ ÷ëèð÷òèûèõæìöè÷ëèìõöîìïïö We also take a leadership role in our industry and the communities in which we operate to encourage personal and economic growth.
Keller has set up an annual scholarship to attract the best geotechnical engineers and strengthen ties with leading universities. The Pitcairn Geotechnical Engineering Scholarship commemorates Colin Pitcairn, ÷ëèäõæëì÷èæ÷òéÔèïïèõđöêïòåäïïèäõñìñêäñç development programmes, who sadly died in 2020. Îäæëüèäõ÷ëèöæëèðèòģèõöäêõäñ÷òéøó÷ò £10,000 each to three promising engineering undergraduates looking to take a master’s degree in geotechnical engineering.
ÓòõêèÖäïäùèìöòñèòé÷ëèĤõö÷õèæìóìèñ÷ö òé÷ëèöæëòïäõöëìóäñçõèæèñ÷ïüåèêäñëìö master’s programme in Structural and Geotechnical Engineering at the University òéÌèñ÷õäïÏïòõìçä
ēÒĤñçö÷õøæ÷øõäïäñçêèò÷èæëñìæäïèñêìñèèõìñê projects more interesting than any other area òéæìùìïèñêìñèèõìñêäñçõèæèìùìñê÷ëìö scholarship means the world to me.”
ÝòéøïĤïòøõäðåì÷ìòñ÷òåè÷ëèïèäçìñê provider of specialist geotechnical solutions, we have to attract the best engineers with potential to become our future leaders. Partnership is one of our Inclusion Commitments. It recognises the importance of collaborating and partnering with like-minded organisations through inclusivity ÷òçõìùèæëäñêèìñ÷ëèìñçøö÷õüĔ Graeme Cook Group People Director
In November 2021, we held our Project ÖäñäêèõöđæòñéèõèñæèìñÝèûäöÝëìöåõòøêë÷ ÷òêè÷ëèõöòðè#( óèòóïèéõòðäæõòöö×òõ÷ë America Division to learn, network and share ideas and best practice. Attendees were able to ïèäõñäñçêõòú÷ëèìõèûóèõ÷ìöè÷ëõòøêë÷èæëñìæäï and leadership presentations, workshops, èûëìåì÷ìòñöäñçêõòøóäæ÷ìùì÷ìèö
We are committed to investing in our emerging ÷äïèñ÷äñçåøìïçìñêçìùèõöèæäóäåìïì÷üéòõ÷ëè éø÷øõèÝëìöüèäõúè÷òòîòñòùèõ! $ engineering graduates and provided 53 apprenticeship and 81 intern and co-op opportunities across the group. Øùèõ÷ëèïäö÷éèúüèäõöúèđùèöèèñóõòêõèöö úì÷ëäçìùèõöèìñ÷äîèéòõèñ÷õü¡ïèùèïèñêìñèèõìñê roles and cultivating relationships with key øñìùèõöì÷ìèö÷ëä÷ëäùèäëìêëèõóõòóòõ÷ìòñòé øñçèõõèóõèöèñ÷èçðìñòõì÷ìèöÏòõèûäðóïè×òõ÷ë Êðèõìæääöóäõ÷òéäóìïò÷óø÷ðòõèéòæøöòñ balanced representation with early career õèæõøì÷ðèñ÷çøõìñê" "!¤%]ìñæõèäöèòééèðäïè ìñ÷èõñöäñçæò¡òóöäñçä! ]ìñæõèäöèòéåïäæî èñêìñèèõö¥Ýëèåìêêèö÷æòñ÷õìåø÷ìñêéäæ÷òõöòé success have been leader sponsorship, targeted õèæõøì÷ðèñ÷éòæøööèçòñÍÎÒìñì÷ìä÷ìùèöäñç÷ëè äçòó÷ìòñöòéìñæïøöìùèúòõîéòõæèóòïìæìèööøæë äöèñëäñæèçóäõèñ÷äïïèäùè The progress achieved in North America will öèõùèäöäåïøèóõìñ÷éòõò÷ëèõçìùìöìòñö÷òæòñöìçèõ The Pitcairn Geotechnical Engineering Scholarship was launched during the year which is designed to attract the best geotechnical engineers and strengthen our ties with leading øñìùèõöì÷ìèöÎäæëüèäõ÷ëèöæëèðèúìïïòģèõ äêõäñ÷òéøó÷ò|! ÷òèäæëòé÷ëõèèæìùìï engineering graduates considering a masters’ degree in geotechnical engineering. An òóóòõ÷øñì÷ü÷òñò÷òñïüö÷õèñê÷ëèñòøõéø÷øõè talent pipeline, but to improve diversity at Keller by attracting more women and other individuals éõòðøñçèõ¡õèóõèöèñ÷èçðìñòõì÷üêõòøóö
We pride ourselves on creating a company culture that values learning and development and giving our colleagues the opportunity to grow and thrive. During the year, a workplace mentoring programme was launched in North Êðèõìæäéòõ÷ëèóøõóòöèöòéäææèïèõä÷ìñê óèõöòñäïäñçóõòéèööìòñäïçèùèïòóðèñ÷ encourage and empower employees to realise their potential and to strengthen ïèäçèõöëìóæäóäåìïì÷ü
Ôèïïèõđöêïòåäïóõòçøæ÷÷èäðöéòæøöòñöëäõìñê óõòçøæ÷¡öóèæìĤæîñòúïèçêèäõòøñç÷ëèúòõïç ðäîìñêöøõèúèäõèåèö÷èôøìóóèç÷òòģèõöäéè productive, market-leading technologies to our æøö÷òðèõöàèëäùèä÷èäðéòõèäæëòéòøõèìêë÷ major product lines. This year, we continued monthly educational webcasts, each attended åüöèùèõäïëøñçõèçóèòóïèéõòðòøõêïòåäï engineering and operations communities.
Our businesses take a leadership role within their industry by providing employees, customers, suppliers and potential employees with technical óäóèõööèðìñäõöĤèïç÷õìóöäñçöì÷èùìöì÷öÜ÷äģ éõòðæòðóäñìèö÷ëõòøêëòø÷÷ëèÐõòøóðäìñ÷äìñ close contact with partner universities to share åèö÷óõäæ÷ìæèäñçóõòùìçèèûäðóïèöòé÷ëèìõ leading-edge engineering.
Ôèïïèõèûóèæ÷öäïïèðóïòüèèöäñçöøóóïìèõö÷ò adhere to international standards on human õìêë÷öìñæïøçìñêúì÷ëõèöóèæ÷÷òæëìïçäñçéòõæèç ïäåòøõïäñçõìêë÷öäñçéõèèçòðòéäööòæìä÷ìòñ äðòñêò÷ëèõèïèðèñ÷öàè÷äîèäýèõò¡÷òïèõäñæè äóóõòäæë÷òöïäùèõüäñçëøðäñ÷õäĦæîìñêäñç are strongly committed to ensuring that all employees, as well as the people who work on òøõåèëäïéäõèóõò÷èæ÷èçØøõéøïïèûóèæ÷ä÷ìòñö äõèìñæïøçèçìñòøõÜøóóïüÌëäìñÌòçèòé Business Conduct and modern slavery and ëøðäñ÷õäĦæîìñêö÷ä÷èðèñ÷úëìæëäõèäùäìïäåïè on our website. We conduct appropriate due çìïìêèñæèòñòøõóäõ÷ñèõöäñçäïïòéòøõöøóóïìèõö are obliged to adhere to the principles set out in the Code, including on human rights.
Keller’s Anti-Bribery and Anti-Fraud Policy and whistleblowing procedures are designed to ensure that employees and other parties including contractors and third parties are able ÷òõèóòõ÷äñüìñö÷äñæèöòéóòòõóõäæ÷ìæèöäéèïü through an independent organisation. All reports received via this or any other reporting mechanism are thoroughly investigated and reported to the Audit and Risk Committee, which õèùìèúöèäæëæäöèäñçì÷öòø÷æòðèö×òñèòé òøõìñùèö÷ìêä÷ìòñöçøõìñê" "!ìçèñ÷ìĤèçäñü öüö÷èðìæìööøèöòõåõèäæëèöòéòøõòåïìêä÷ìòñö under the Bribery Act 2010. The Anti-Bribery and Anti-Fraud Policy is supported by periodic audits and reminders.
We recognise that assurance over our business äæ÷ìùì÷ìèöäñç÷ëòöèòéòøõóäõ÷ñèõöäñçöøóóïìèõö is essential. In 2021 our employees completed mandatory training on competition compliance and data privacy and in 2022 will complete ðäñçä÷òõüÌòçèòéËøöìñèööÌòñçøæ÷÷õäìñìñê You can read more about our risk management äñçóõìñæìóäïõìöîöéõòðóäêè#"òñúäõçö
# 7D[VWUDWHJ\
àèóøåïìöëòøõ÷äûö÷õä÷èêüòñòøõúèåöì÷è äñçäõèæòððì÷÷èç÷òðäñäêìñêòøõ÷äûäģäìõö responsibly and in compliance with relevant ïèêìöïä÷ìòñØøõ÷äûö÷õä÷èêüìöäïìêñèç÷òòøõ ÌòçèòéËøöìñèööÌòñçøæ÷äñçÔèïïèõđöùäïøèö and culture and is owned and approved by ÷ëèÊøçì÷äñçÛìöîÌòððì÷÷èèäñç÷ëè Ëòäõçäññøäïïü
Further detail on the membership and ÷èõðöòéõèéèõèñæèéòõ÷ëèöèÌòððì÷÷èèöæäñåè éòøñçòñòøõúèåöì÷èäñçòñóäêèö'(äñç')òé this report.# ESG and sustainability
In addition to the new Committee structure, the Board takes an oversight role in ESG matters. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. These reports are provided through the Group Company Secretary and Legal Advisor to the Board. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. These reports are provided through the Group Company Secretary and Legal Advisor to the Board. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board receives quarterly reports which summarise the activities, initiatives and challenges on ESG during the period and track progress against ESG targets. The Board# Human Rights, Conduct, and Compliance
Letter of Representation, Directors’ statement of compliance and Confirmation of Audit, Risk and Internal Control
Kerry Porritt
Group Company Secretary and Legal Advisor
7 March 2022
The Directors have made a diligent effort to ensure that the information contained in this report is accurate and has been produced in accordance with the relevant accounting standards and law.
Keller Group plc Annual Report and Accounts 2021
Strategic Report
67
We have met or exceeded the diversity targets we set ourselves in the Board’s Diversity Policy approved in January last year.
Peter Hill CBE
Chairman
When I arrived in 2016, I set out an ambition to have a Board from multiple industries and geographies that had varied and valuable experiences as well as gender and ethnic diversity. A diverse range of perspectives ensures that robust challenges are made and that informed decisions are made when applying judgements in challenging business-related circumstances. We have met or exceeded the diversity targets we set ourselves in the Board’s Diversity Policy approved in January last year and as recommended by the Hampton-Alexander and Parker Reviews, which set targets of a 33% female share of Board Directors by 2020 and a minimum of one Board Director from an ethnic minority background by 2022.
On 1 February 2022, we announced the appointment of Juan G. Hernández Abrams, who has joined the Board as an independent Non-executive Director and will be Chair of the Environment Committee. Our Nomination and Governance Committee, led by me, with support from the whole Board and the Group Company Secretary and Legal Advisor, oversaw the appointment process. Juan’s biography is set out on page 70. Juan brings rich and diverse experience to the Board and I warmly welcome him to Keller.
On behalf of the Board I would like to pay tribute to Nancy K. Thompson for her substantial contribution since joining the Board as a Non-executive Director in 2014 and her valuable input at various Committees – the Audit and Risk, Nomination and Governance, Remuneration and Social and Community - and as Chair of the Environment Committee. The Board and the Nomination and Governance Committee will miss Nancy’s extensive knowledge and experience, particularly of the US engineering and construction sector. Nancy will retire from the Board following this year’s AGM, and we wish her well. The Board and the Nomination and Governance Committee will continue to drive the agenda of diversity, equity and inclusion across the Group.
To focus these ESG matters and to provide greater focus and oversight, we announced in July 2021 that the Board had established two new Board Committees: the Environment Committee and the Social and Community Committee. In addition, the Audit and the Nomination Committees were renamed the Audit and Risk Committee and the Nomination and Governance Committee respectively, to better reflect their remit. Further details relating to the membership and terms of reference for these Committees can be found on pages 78 and 79.
This new Committee structure allows for greater depth of engagement and conversation and clear focus in driving forward our ESG agenda; a quarterly report on all ESG initiatives and deliverables by the Group Company Secretary and Legal Advisor, to the Board, assures a clear reporting line on all ESG matters to me. In 2022 we have put in place a framework of disclosures and metrics to help discharge our duty to report on the management of our business and to facilitate stakeholder engagement. We have ensured that our reporting reflects Keller’s ESG priorities and meet increased reporting and compliance obligations in this area and I am proud that we have set ambitious and achievable net zero carbon targets by 2050. We believe that carbon targets are essential to mitigate global climate-related risks while we pursue climate-related opportunities in our operations and contracts. We will be net zero across all three emission scopes by 2050; net zero on Scope 2 by 2030, net zero on Scope 1 by 2040 and net zero by 2050 on operational Scope 3. More information can be found in the ESG and sustainability report on pages 42 to 67.
The Board is cognisant that it has the ultimate responsibility for ensuring an appropriate company culture to act as a backdrop to the way in which Keller behaves towards all its stakeholders. Our culture provides the foundation to drive our purpose and delivery of our strategy. As a Board, we continue to spend time focused on ensuring that our culture enables us to build the organisational capability required to deliver on our promises to our stakeholders, customers, employees, society and shareholders. More information on our purpose and culture can be found on page 2.
Dear shareholder
On behalf of the Board, I am pleased to introduce our Governance report for the year ended 31 December 2021. This report details our approach to corporate governance and outlines key areas of focus of the Board and its activities undertaken during the year as we continue to drive long-term value creation for all our stakeholders.
Keller Group plc Annual Report and Accounts 2020
Governance
68
Balancing stakeholders’ needs and views is a key part of Board decision-making. The Board recognises the importance of two-way communications with our employees. The role of our designated workforce engagement director has been in place since 2017 and, supported by the Social and Community Committee, continues to be a successful way of ensuring that the Board appropriately considers the interests of employees in its deliberations and, in doing so, makes better decisions.
Towards the end of 2021 we commissioned a third party to undertake an independent perception audit of a number of investment managers. The outcome has not only enabled the Board to obtain a deeper level of understanding of the views of our shareholders and potential investors, but also gives the executive management additional input as they formulate the strategy for the years ahead.
Whilst for much of the year it has not been possible to meet physically with employees and other stakeholders, the Board has recently resumed face-to-face Board meetings and activities, and all Board members are looking forward to meeting and connecting more personally with stakeholders in a COVID-19 safe environment over the next year.
It is extremely important that the Board, its Committees and individual Directors rigorously review their performance and embrace the opportunity to develop, where necessary. The Directors have undertaken an independent review of their performance and can be found on pages 82 and 83. Progress on last year’s areas of focus as well as the Directors’ development can be found on pages 82 and 83.
We continued to make good strides as a business in 2021, with our performance exceeding market expectations. As a Board we are focused on further driving the delivery of our strategy over 2022 and beyond, whilst maintaining the highest standards of corporate governance expected by our stakeholders. The outcome of the BEIS consultation on audit and corporate reform, and its impact on the way we work, will be a key theme on our agenda as well.
I encourage all our stakeholders to take every opportunity presented to engage with the company and, subject to any COVID-19 restrictions in place at the time, I would welcome you to attend, and in any case vote at, the forthcoming AGM. The company was subject to the Code in respect of the year ended 31 December 2021 (the text of which can be found at www.frc.org.uk). The Board is pleased to confirm that the Group applied the principles and complied with the provisions of the Code. The remainder of this report contains the narrative reporting variously required by the Code, the Listing Rules and the Disclosure, Guidance and Transparency Rules, setting out in greater detail the framework and processes that Keller has in place to ensure the highest levels of corporate governance.
Needless to say that if we cannot meet in person in May, if you wish to ask a question of the Board relating to this report or the business of the AGM, please feel free to do so by emailing the Group Company Secretary and Legal Advisor at [email protected]. We will consider and respond to all questions received and, to the extent practicable, publish the answers on our website.
Yours faithfully,
Peter Hill CBE
Chairman
Approved by the Board of Directors and authorised for issue on 7 March 2022.# Keller Group plc Annual Report and Accounts 2021 Governance
Non-executive Chairman
Non-executive Director
Non-executive Director
Chief Executive Officer
Group Company Secretary and Legal Advisor
For full biography See page 72
Non-executive Director
Chief Financial Officer
Non-executive Director
Senior Independent Director and designated Non-executive Director with responsibility for workforce engagement
Group People Director
President, Europe
President, North America
The Board comprises eleven Directors: five independent Non-executive Directors (NEDs) and two Executive Directors. The names of the Directors at the date of this report, together with their biographical details, are set out on pages 70 and 71. The NEDs constructively challenge and help to develop proposals on strategy and bring strong independent judgement, knowledge and experience to the Board’s deliberations. Periodically, the Chairman meets with the NEDs without the Executive Directors present. Apart from formal contact at Board meetings, there is regular informal contact between the Directors. Paula Bell, Eva Lindqvist, Baroness Kate Rock, Nancy Tuor Moore and Juan G. Hernández Abrams are all considered to be independent NEDs. Their other professional commitments are as detailed on pages 70 and 71. Peter Hill was independent at the time of his appointment as Chairman on 26 July 2016. Peter’s other professional commitments are as detailed on page 70.
All Directors offer themselves for election by shareholders and to annual re-election thereafter, in accordance with the Code.
All Directors are expected to attend each Board meeting and each Committee meeting for which they are members, unless there are exceptional circumstances preventing them from participating. The table below shows that during the year the Directors attended all of the meetings they were eligible to attend, apart from Eva Lindqvist who was unable to attend one of the Finance Committee meetings as a result of the Omicron variant of COVID-19 outbreak in the UK. On that occasion, she reviewed the supporting papers and provided comments to the Chairman and the Committee Chair.
| Board Audit and Risk Committee | HSEQ Committee | Environment Committee | Nomination and Governance Committee | Remuneration Committee | Workforce Engagement Committee | Social and Community Committee | |
|---|---|---|---|---|---|---|---|
| Paula Bell | 9/9 | 4/4 | 1/1 | 1/1 | 2/2 | 3/3 | – |
| David Burke | 9/9 | – | – | – | – | – | – |
| Peter Hill | 9/9 | – | – | – | 2/2 | – | – |
| Eva Lindqvist | 9/9 | 4/4 | 1/1 | 1/1 | 2/2 | 3/3 | – |
| Nancy Tuor Moore | 9/9 | 3/4 | 1/1 | 1/1 | 2/2 | 3/3 | 1/1 |
| Kate Rock | 9/9 | 4/4 | 1/1 | 1/1 | 2/2 | 3/3 | 1/1 |
| Michael Speakman | 9/9 | – | – | 1/1 | – | – | 1/1 |
| Graeme Cook | – | – | – | – | – | – | 1/1 |
| Kerry Porritt | – | – | – | – | – | – | 1/1 |
The Environment and Social and Community Committees were established in July 2021 and assumed, where relevant, the responsibilities of the former Health, Safety, Environment and Quality (HSEQ) and Workforce Engagement Committees respectively.
Under the Companies Act 2006 (the ‘2006 Act’), a Director must avoid a situation where they have, or could have, a direct or indirect interest that conflicts, or may conflict, with the interests of the Company. The 2006 Act permits the Board to authorise certain types of conflicts and to include other provisions to permit Directors to engage in, or vote on, matters where they have an interest provided the Board has authorised the conflict. The Board of Directors has authority to approve such situations and to include other provisions to permit Directors to agree to, or vote on, matters in which they have an interest. To address this, at the commencement of each Board meeting, the Board considers its register of interests and gives, when appropriate, any necessary approvals. There are safeguards which will apply when Directors decide whether to authorise a conflict or abstain from a conflict. Firstly, of course, no Director who has an interest in the matter being considered will be able to take the relevant decision and, secondly, in taking the decision, the Directors must act in a way that they consider, in good faith, will be most likely to promote Keller’s success. The Directors are able to impose limits or conditions when giving authorisation if they think this is appropriate. These procedures on conflicts of interest have been consistently applied throughout the year and the Board is satisfied that the Board and the Executive Directors have continued to act in the best interests of the Company.
The table below summarises the activities carried out and initiatives promoted by the Main Board Committees following the restructuring put in place in Óøïü" "!÷òåè÷÷èõõèĥèæ÷÷ëèêõòúìñêìðóòõ÷äñæèòéÎÜÐðä÷÷èõöäñç÷òóõòùìçèêõèä÷èõéòæøöäñçòùèõöìêë÷
| What | Status | When | Further information | What’s next |
|---|---|---|---|---|
| ESG reporting framework formalised, with terms of reference in place for all new and rebranded Committees. | Stock Exchange announcement issued, along with website disclosures | July 2021 | Page 64 | ESG website disclosures to be reviewed with an aim to improve transparency. |
| Charitable Giving Policy approved | July 2021 | Page 87 | The Charitable Giving Policy will be communicated across the Group and implemented fully during 2022. To complement the policy, a standard setting out the protocols and rules for applying and granting charitable donations will be created and communicated. | |
| Ûèêøïäõõèóòõ÷ìñêòéæëäõì÷äåïèêìùìñêúìïïåèðäçè÷òåò÷ë the Executive and the Social and Community Committees by the Group Company Secretary. | ||||
| TCFD reporting framework agreed | July 2021 | Page 52 | Íèùèïòóçìöæïòöøõèö÷òèñöøõèéøïïæòðóïìäñæèìñ" "" | |
| UK MAR refresher training for Executive Committee members | June 2021 | n/a | Session on the treatment of inside information scheduled for later in 2022. | |
| Reinforcement of subsidiary governance standard and training of directors of the three divisions | November 2021 and February 2022 | n/a | Öòõèíøõìöçìæ÷ìòñ¡öóèæìĤæ÷õäìñìñêìöæøõõèñ÷ïüåèìñê developed, to be delivered during 2022 along with ÷õäìñìñêòñÍìõèæòõöäñçØĦæèõöđïìäåìïì÷üìñöøõäñæè | |
| Review, relaunch and refreshed training – Code of Business Conduct (Keller Ways of Working) | December 2021 | Page 64 | German, Spanish, French, Polish and Czech versions of the training will be launched in March 2022. | |
| Board Diversity Policy implementation | February 2022 | Page 82 | Work by the Nomination and Governance Committee will continue throughout the year. |
Keller Group plc Annual Report and Accounts 2021 Governance 75
As a Board, we have always taken decisions for the long term. Collectively and individually, our aim is always to uphold the highest standards of conduct. We understand that our business can only grow and be successful over the long term if we understand and respect the views and needs of our employees, customers and the communities in which we operate, as well as our suppliers, the environment and the shareholders to whom we are accountable.
In summary, as required by section 172 of the 2006 Act, a director of a company must act in the way they consider, in good faith, would most likely promote the success of the company for the benefit of its shareholders. In doing this, the director must have regard, amongst other matters, to the:
The Directors of Keller – and those of all UK companies – must act in accordance with a set of general duties. These duties are detailed in the 2006 Act and include a duty to promote the success of the company, which is summarised above. As part of their induction, the Directors are briefed on their duties and they can access professional advice on these – either through the company or, if they judge it necessary, from an independent advisor.
The Board has put in place a governance framework that delegates day-to-day decision-making to employees of the company. The Board recognises that such delegation needs to be underpinned by strong governance and risk management processes, and in this section of the report, we have summarised our governance structure. This covers: the values and behaviours expected of our employees; the standards they must adhere to; how we engage with stakeholders; and how the Board looks to ensure that we have a robust system of control and assurance processes. For more detail on our governance framework, see pages 78 and 79. Details about the principal decisions the Board made during the year and the activities of the Committees can be found on page 75.
The Interim Executive and Interim Corporate Governance presented their reports to shareholders following the preliminary announcement of the Group’s 2020 results to discuss a number of matters, including progress against the strategic objectives. The Interim Executive and the Interim Corporate Governance gave their reports following the Group’s 2021 interim results. Following these announcements, analysts’ notes were circulated to the Board.
The Board initiated an investor perception audit and received feedback. The Interim Executive and the Interim Corporate Governance gave their reports to major shareholders following the Group’s trading update announcement in November 2021. The Chairman and the Senior Independent Director had calls with shareholders to discuss Group performance and risk management throughout the year.
The investor relations section of our website provides information on the corporate governance, statutory disclosures, RNS and other disclosures of interest to shareholders. Copies of annual reports and investor presentations are available to view and download. Shareholders can also register to receive ‘news alerts’ relating to the Group’s activities.
The Board uses the AGM as an opportunity to communicate with shareholders, who are invited to attend, ask questions and meet Directors prior to, and after, the formal proceedings. The Chairs of the Main Board Committees are present at the AGM to answer questions on the work of their Committees. The results of the voting at the 2021 AGM can be found on our website.
We have consistently either grown or maintained our dividend in the 'normal course of business' over many years. A strong balance sheet, which together support our ability to continue to increase the dividend to shareholders sustainably through the market cycle.
Outcomes for our shareholders:
Delivering for our shareholders ensures that the business continues to be successful in the long term and can therefore continue to deliver for all our stakeholders.
Keller Group plc Annual Report and Accounts 2021 Governance 76
Our people are our most valuable asset. We want them to be inspired and motivated, equipped with the right skills, tools and standards to be successful.
During 2021, the Board continued its approach to engagement with the workforce led by Baroness Kate Rock, Keller’s designated Non-executive Director for employee engagement matters. Our Non-executive Directors each led engagement focus groups on topics ranging from safety to innovation. Also in 2021 we introduced our Diversity, Equity and Inclusion commitments and implemented our Wellbeing Foundations.
We communicate regularly with our employees through face-to-face meetings, webcasts, our company intranet and newsletter and site and office updates.
Outcomes for our employees:
Our customers are central to our business – without them we would not exist. We want to deliver a consistently high performance in all our operations and across all our strategic levers so as to meet our customers’ needs.
The Executive and the Regional Presidents are in regular contact with our customers, and they regularly brief the Board on our performance in delivering on our commitments to customers and the quality of these critical relationships.
We conduct a wide range of customer research to better understand their expectations of us. During the year, our local teams engaged with our customer network to better understand their requirements throughout the pandemic.
Outcomes for our customers:
What we do is an integral part of the community and the community is ultimately our customer. Poor relationships can damage and even destroy our reputation. Good relationships win us goodwill.
The Board recognises the importance of leading a company that not only generates value for shareholders but also contributes to wider society. The Board adopted a Charitable Giving Policy in 2021 and approved a donation of £300,000 to UNICEF in support of COVAX.
As a geotechnical engineering specialist, we understand that environmental and climate risks could impact us directly. We are committed to protecting the environment, and aim to have a positive impact on it – so we safeguard the future.
Outcomes for our communities:
Building strong relationships with our suppliers enables us to obtain the best value, service and quality. We want to work with suppliers who understand us and adhere to our ways of working.
Established in 2016, our procurement function continued to work hard to understand our supply chain and how to develop deeper and more strategic relationships with key suppliers.# Working together to do the right thing
Keller’s Supply Chain Code of Business Conduct sets out our expectations that our supply chain should respect the human rights of their employees and contractors and treat them fairly, in accordance with all applicable laws. Increased communications with our suppliers during the year has assisted us in managing our resources and materials on site.
Outcomes for our suppliers:
Keller Group plc Annual Report and Accounts 2021
The Board is appointed by shareholders, who are the owners of the company. The Board’s principal responsibility is to act in the best interests of shareholders as a whole, within the legal framework of the 2006 Act and taking into account the interests of all stakeholders, including employees, customers, suppliers and communities. Ultimate responsibility for the management and long-term success of the Group rests always with the Board, notwithstanding the delegated authorities framework detailed below.
The Board delegates the day-to-day running of the Group to the Executive Committee and management as appropriate. The Board has formally adopted a schedule of matters reserved to it for its decision, which is available on our website.
Each of the Directors has a duty to avoid conflicts of interest and to act in the best interests of the company at all times.
The CEO in turn chairs the Executive Committee for day to day management matters and delegates other matters to various Management Committees.
| Committees | Remit | Membership | Quorum |
|---|---|---|---|
| Audit and Risk Committee | Oversight of the Group’s financial reporting, risk management (including TCFD) and internal control procedures and the work of its internal and external auditor. | Independent Non-executive Directors (NEDs) | Two |
| Nomination and Governance Committee | Review of the composition of the Board and senior management, and plans for its progressive refreshing with regard to balance and structure as well as succession planning, taking account of evolving legal and regulatory requirements as well as stakeholders’ expectations. Responsibility for governance matters. | Chairman and independent NEDs | Two |
| Remuneration Committee | Framework, policy and levels of remuneration of the Executive Directors and senior executives. | Independent NEDs | Two |
| Disclosure Committee | Inside information determination and advice on scope and content of disclosures to the market. | Any two Directors (incl. CEO or Chief Financial Officer) | Two |
| Environment Committee | Oversight of the Board’s responsibilities in relation to environmental matters, incl. climate-related matters and TCFD. | Independent NEDs and CEO | Two |
| Social and Community Committee | Understanding of the key concerns of the workforce and wider stakeholders, apart from shareholders. | Independent NEDs and CEO | Two |
The terms of reference for each of the Main Board Committees are reviewed on an annual basis and can be found on our website.
Keller Group plc Annual Report and Accounts 2021
| Committees | Remit | Membership | Quorum |
|---|---|---|---|
| Share Plans Committee | Consideration of administrative matters related to the share schemes and dividend payments in respect of the company and its subsidiaries. | All Directors and the Group Company Secretary and Legal Advisor | Two |
| Bank Guarantees and Facilities Committee | Consideration of matters related to the provision of bank guarantees and facilities for the company and its subsidiaries. | All Directors and the Group Company Secretary and Legal Advisor | Two |
The terms of reference for each of these Other Board Committees can be found on our website.
| Committees | Remit | Membership | Chair | Quorum |
|---|---|---|---|---|
| Executive Committee | Day-to-day management of the Group, overseen by the CEO. | CEO, CFO, Group Company Secretary and Legal Advisor and other executive officers as appointed by the CEO. Minimum of six. | CEO or Chief Financial Officer (CFO) | Four (incl. CEO or CFO) |
| Safety Leadership Committee | Safety culture | CEO, Divisional Presidents of Europe, North America and AMEA, Group HSEQ Director, Group Company Secretary and Legal Advisor and any other direct reports as required by the CEO. Minimum of six. | CEO | Four (incl. CEO or Group HSEQ Director) |
| Sustainability Steering Committee | Mostly climate-related and environmental matters but also people, community, governance and reputational matters. | A minimum of six representatives of each division and Group’s relevant functions. | Group Engineering and Operations Director | Four (incl. Group Engineering and Operations Director) |
| Committees | Remit | Membership | Chair | Quorum |
|---|---|---|---|---|
| Treasury Committee | Management of the Group’s financial resources in accordance with the objectives and policies approved by the Board. | CFO, Group Financial Controller, Group Head of Treasury, Group Head of Tax | Group Head of Treasury | Two (incl. CFO) |
| Data Protection Steering Committee | Implementation of Keller’s strategy for compliance with data protection laws. | Legal representatives from each division (Europe, North America, AMEA) and Group | n/a | n/a |
Keller Group plc Annual Report and Accounts 2021
Oversees the Board, its committees and ensures appropriate governance and reporting. The Chairman is also responsible for the following matters pertaining to the leadership of the Board:
Oversees the day-to-day running of the business, and the operational and financial business of the Group. The CEO is also responsible for the following matters:
The roles of the Chairman and the CEO are quite distinct from each other and are clearly defined in written terms of reference. They do collaborate and have a close working relationship.
Keller Group Charter of Expectations and Role Profiles
The Charter of Expectations and Role Profiles sets out the ethos expected of each of the Directors, and states the expectations that are demanded of each of the Directors. It is available on our website so that there is complete transparency of the standards we set ourselves for all our stakeholders. The performance of the Board and Board Committees and of each of the Directors individually is measured against these expectations.
Keller Group plc Annual Report and Accounts 2021
Oversees financial reporting and strategy, capital raising and investment, tax and treasury and investor relations. The CFO is also responsible for the following matters:
Advises on evolving standards and supports the Chairman on the continuing development of the Board. Their appointment and resignation is a matter for consideration by the Board as a whole.
Keller Group plc Annual Report and Accounts 2021
Governance 81
| Nationality (%) | Number of Board members with relevant experience | Number of Board members with relevant international experience | British | Oil and Gas | Americas | Construction | Middle East | Female | Other | Technology | Europe | Africa | Engineering | Male |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 57% | 3 | 6 | 5 | 4 | 5 | 57% | 29% | 14% | ||||||
| 43% | 5 | 7 | 3 | 5 | 43% | 57% | 29% | 14% |
| Length of tenure (%) | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1–3 years | |||||||||||||
| 4–6 years | |||||||||||||
| 7–9 years |
At the beginning of 2021, the structure of the Board Committees and their operation were considered by the Board and, in recognition of the increased focus on Environmental, Social and Governance (ESG) matters, were realigned and reconstituted from May 2021 to allow more focus on Keller’s ESG priorities. More information can be found in the ESG and sustainability section of this report.
Building on the work of our Group-wide Inclusion Commitments, our Board Diversity Policy has been in place since January 2021. In 2021, Keller’s Board of Directors had a 57% female share (2020: 44%), meeting the Hampton-Alexander Review target of 33% female share of Board Directors by 2020. With the appointment of Juan G. Hernández Abrams to the Board from 1 February 2022, we also meet the Parker Review target with one Board Director from an ethnic minority background by 2022.
The selection of candidates to join the Board continues to be made based on merit and the individual appointee’s ability to contribute to the effectiveness of the Board. All appointments and succession plans will seek to promote diversity of gender, ethnicity, skills, background, knowledge, international and industry experience and other qualities. Our commitment to equality, diversity and inclusion aligns with our values of integrity, collaboration and excellence and is underpinned by our Inclusion Commitments.
The Board is committed to promoting equality, diversity and inclusion in the boardroom, to ensure all are able to contribute to Board discussions, and aims to meet industry targets and recommendations wherever possible. This includes our objective of meeting the diversity targets recommended by the Hampton-Alexander Review and Parker Review.
The Board, supported by the Nomination and Governance Committee, is also committed to:
The Nomination and Governance Committee considers the composition and diversity of the Board. We also aim to develop a strong pipeline of diverse candidates for executive Board roles and for the Executive Committee with a goal of ensuring that it is made up of an appropriate balance of skills, experience and knowledge to meet the evolving needs of the company in the delivery of its strategy. Our gender diversity statistics across the Group are shown on page 56.
The 2021 Board evaluation was conducted by Donata Denny, Leadership Coach and Professional Development Advisor. Building on the 2020 Board evaluation, feedback of the performance of the Board as a whole and its Committees, the Board’s 2021 Strategy Day, and the Chairman and individual Directors was sought from the Board and, in the case of the Chairman, also from key external advisers.
Feedback on the Board and its Committees and the Board’s 2021 Strategy Day was reviewed at the Board’s meeting in January 2022. Individual feedback sessions for the Directors with the Chairman, and feedback on the Chairman, will be completed during the first quarter of 2022.
The evaluation of the Chairman and his performance in 2021 will be led by Baroness Kate Rock, the Senior Independent Director. Participants provided full and frank feedback and reported that the dynamics of the Board continued to improve and progress over the year with recognition that this was an ongoing process. The new Board Committees’ structure, membership and operation were felt to be working well and, in particular, the Chair of each Committee received praise from the members of the Committee and management.
Whilst the 2021 Board Strategy Day was felt to be the best for a number of years, suggestions for further improvement of the event were fed back to the Executive Directors and the Group Company Secretary and Legal Advisor.
Data as at 31 December 2021
Keller Group plc Annual Report and Accounts 2021
Governance 82
The Company expects to update shareholders on the progress made in relation to the matters identified in the Committee’s report on Board and Committee effectiveness. All Directors will be standing for election and re-election at this Annual General Meeting to demonstrate commitment to their roles.
On appointment, Directors are provided with induction training and information about the Group, the role of the Board and the matters reserved for its decision, the terms of reference and membership of the Board Committees and the Group’s financial reporting and control framework. This is supplemented by meetings with the company’s legal and other professional advisers, and, where appropriate, visits to key locations and meetings with certain senior executives to develop the Directors’ understanding of the business.
Directors are continually updated on our business, markets, social responsibility matters and other external developments affecting the Group and the industry in which we operate, including changes to the legal and governance environment and the impact on future strategies. Update this year revolved around ESG and TCFD and were provided by the Keller Sustainability, Risk and Company Secretariat teams.
In October 2021, the Board visited the site of one of the ventilation shafts that services the main tunnels running under London to and from Euston Station. Work involves some of the largest infrastructure projects in the UK, with the Board able to see first-hand the innovative techniques being used to excavate the tunnels and then stabilise the ground, working for the Principal Contractor SCS (Skanska Costain Strabag Joint Venture) as part of the S1/S2 section of HS2. GEO-Instruments is also on the site monitoring the adjacent infrastructure. The picture below shows the Chairman, the Non-executive Directors and the Chief Executive Officer observing operations involving Contracts Engineer Kanan Garayev and Contracts Manager Sam Cawthorne.
The Board and Committees are provided with timely information in advance of meetings and are provided with all necessary resources and support to enable them to perform their responsibilities and undertake their duties in an informed manner.
The Chairman and the Group Company Secretary and Legal Advisor keep under review the forward agendas for the Board and the content and construct of management papers to allow for greater focus by the Board as a whole on strategic matters and avoiding unnecessary operation detail. For each Board and Committee meeting, Directors are provided with a tailored Board pack in advance of the meeting. To improve the delivery and security of meeting papers, we use an electronic system that allows the Board to easily access information, irrespective of geographic location. Directors regularly receive additional information between Board meetings, including a monthly Group performance update which from 2022 will include carbon reduction, gender DEI and good governance performance. If a Director is unable to attend a meeting, they are provided with all the papers and information relating to that meeting and have the opportunity to discuss issues arising directly with the Chairman and Group Chief Executive Officer.
The Board is ultimately responsible for the Group’s system of internal control and for ensuring its effectiveness. Whilst a system is designed to manage, rather than eliminate, the risk of failure to achieve business objectives, and can provide only reasonable, not absolute, assurance against material misstatement or loss.
The Board undertakes an ongoing process for identifying, evaluating and managing the principal risks faced by the Group, which has been in place for the year under review and up to the date of approval of the Annual Report and Accounts. This process is regularly reviewed by the Board and accords with the guidance of the Financial Reporting Council. Further detail on the scope and application of risk, as well as on the management of project risk, can be found in the section headed Principal risks and uncertainties on pages 32 to 41. The key elements of the Group’s system of internal controls are explained in the Audit and Risk Committee report on page 94.
The directors of the Company have provided their assurance on the Group’s compliance with the principles set out in the UK Corporate Governance Code 26 to 31.# Keller Group plc Annual Report and Accounts 2021 Governance 83
The Committee will work with management to oversee ways of improving the environmental performance of the Group, and to agree priorities that consider the needs of our stakeholders and drive the right behaviour.
Nancy Tuor Moore
Chair of the Environment Committee
Nancy Tuor Moore, Paula Bell, Eva Lindqvist, Baroness Kate Rock, Michael Speakman, Juan G. Hernández Abrams (from 1 February 2022)
For full biographies See pages 70 and 71
The role of the Committee is to help the Board of Directors fulfil its oversight responsibilities in relation to environmental and related sustainability matters arising out of the activities of the Group.
Dear shareholder
On behalf of the Board, I am pleased to present the report of the Environment Committee for the year ended 31 December 2021.
The Committee was established in July 2021 and assumed, where relevant, the responsibilities of the former Health, Safety, Environment and Quality Committee. Since then, the Board has continued to oversee Safety and Quality via the Health and Safety Committee and the Quality Committee. Further information can be found in the ESG and sustainability section of this report.
The reason for the establishment of the new Committee was to host the growing emergence of Environmental, Social and Governance matters and to provide greater focus and oversight on these issues which the Board considers of key importance.
Our report and recommendations in line with TCFD are the result of extensive work that has been undertaken across the Group, and these have been presented to the Board. These targets, covering Scopes 1 to 3, set out Keller’s ambition to build the foundations for a sustainable future. For more information on the carbon targets and disclosure in line with TCFD, please see the ESG and sustainability section of this report.
The Committee also oversaw the strengthening of Keller’s climate-related risks and opportunities process, in line with TCFD guidance, to ensure Keller is better equipped to manage and mitigate/ realise these key risks and opportunities. The Committee is ideally placed to provide Board-level governance and scrutiny of strategic, climate-related topics.
For more information on climate-related risks and opportunities, please see page 38 in the Principal risks and uncertainties section of this report.
We were pleased to see that our CDP score went up this year, from a C to a B, putting us in line with the construction sector average and above the global average.
The score is a testament to the work being undertaken by the Group to improve its environmental disclosures. We are also pleased that the disclosures have helped the Group to understand the direction of travel and to identify areas for improvement in its environmental disclosures. We believe that this will help the Group to continue to improve its environmental performance and to meet its sustainability objectives.
The remit of the Committee is set out in its new terms of reference which were approved during the year and are available on the Group’s website (www.keller.com) and on request, from the Company Secretary. In this year, we met once, with attendance at this meeting shown on page 74. We had another meeting scheduled for December but this had to be rescheduled to January due to the Omicron variant of COVID-19 outbreak in the UK.
The Committee is comprised of the independent Non-executive Directors of the company and the CEO. The Committee may invite members of the senior management team to attend meetings where it is felt appropriate and the Board Chairman, the CFO, the Group Company Secretary and Legal Advisor and the Engineering and Operations Director regularly attend meetings of the Committee.
The Committee has undertaken an annual review of the business covered during the year against its terms of reference. In addition, the Committee’s performance, and that of its members, was evaluated in an exercise facilitated by Donata Denny, a highly respected Leadership Coach and Professional Development Advisor. The Committee and its members have been commended for their engagement and commitment to the Company’s objectives and, in particular, its ESG agenda. The outcome of this exercise can be found on pages 82 and 83.
The new Board Committees’ structure, membership and operation, to respond to ever-increasing ESG demands, were felt to be working well and, in particular, the Chair of each Committee received praise from the members for their leadership and diligent oversight.
We are a new Committee and we are still developing our programme of work. Our priorities for 2022 will revolve around:
Public health and safety legal requirements permitting, I look forward to meeting shareholders who attend our AGM this year to answer any questions on this report or on the Committee’s activities. Shareholders are also encouraged to email their questions to the Committee Secretary at [email protected].
This will be my last AGM and at that time Juan G. Hernández Abrams will replace me as Chair of this Committee. It has been a privilege to serve at the Keller Board and to chair the HSEQ and the Environment Committees.
Nancy Tuor Moore
Chair of the Environment Committee
Approved by the Board of Directors and authorised for issue on 7 March 2022.
The Committee will continue to ensure that our workforce and wider stakeholders are represented appropriately in the Board’s decision-making process.
Baroness Kate Rock
Chair of the Social and Community Committee
Baroness Kate Rock, Paula Bell, Michael Speakman, Nancy Tuor Moore, Juan G. Hernández Abrams (from 1 February 2022)
The role of the Committee is to understand key concerns of the workforce and wider stakeholders, define the term ‘workforce’ in the context of Keller, and review relevant people, social and community policies and practices. We are also responsible, along with the Audit and Risk Committee, for ensuring that the company has policies in place to encourage, understand and address employee concerns and feedback. Finally, we work closely with the Remuneration Committee, making recommendations to the Board on whether Keller’s policies and practices are in line with the purpose and values, and support the desired culture.
Dear shareholder
It is my pleasure as Chair to report on the Social and Community Committee, for the year ended 31 December 2021 on behalf of the Board.
The Committee was established in July 2021 and assumed, where relevant, the responsibilities of the former Workforce Engagement Committee.
On behalf of the Committee, I am appointed as the Senior Independent Director and designated Non-executive Director for workforce engagement, with responsibility to represent the workforce and understand and learns from the views of all our stakeholders.
The reason for the establishment of the Committee was to host the growing emergence of environmental, social and governance matters and provide greater focus and oversight on these issues which the Board considers of key importance in support of delivering the Group’s long-term strategic objectives and is committed to understanding and learning from the views of all our stakeholders.
Our obligations are delivered by:
For full biographies See pages 70 and 71
Our Committee met once this year since its establishment and I reported on the Committee’s activities at the Board meeting the following day.We had another meeting scheduled for December but this had to be rescheduled to January due to the Omicron variant of COVID-19 outbreak in the UK. The Committee’s new terms of reference can be found on our Group website (www.keller.com) and on request from the Committee Secretary.
Further detail on the Committee’s activities can be found in the ESG and sustainability section of this report, but I would like to highlight the following topics considered during the year. The Committee reviewed and challenged management on the delivery of the employee engagement programme, which comprised focus groups led by each of the Non-executive Directors. The themes were health, safety and wellbeing; systems, processes and ways of working; communications; and diversity, equity and inclusion. During 2021, management introduced Keller’s Wellbeing Foundations, which focused on equipping our workforce to be healthy and productive by supporting the mental and physical wellbeing of employees. The Committee reviewed this framework prior to launch. We also designed and agreed a Charitable Giving Policy for recommendation to the Board. Under such policy we were proud to make a funding contribution of £300,000 to UNICEF’s COVID-19 Vaccines Appeal. This helped UNICEF to deliver two billion doses of vaccines by the start of 2022 for frontline health workers, social workers, teachers and those at highest risk. The Committee was kept abreast of the implementation of our Diversity, Equity and Inclusion Commitments, which continued at pace, utilising a range of communication channels and employee engagement initiatives to embed an inclusive culture across the business.
In line with best practice, the Committee reviewed its remit and objectives against its terms of reference. In addition, the Committee’s performance, and that of its members, was evaluated in an exercise facilitated by Donata Denny, a highly respected Leadership Coach and Professional Development Advisor. The Committee and its members were delighted to receive positive feedback from this exercise. The outcome of this exercise can be found on pages 82 and 83. The new Board Committees’ structure, membership and operation, to respond to ever-increasing ESG demands, were felt to be working well and, in particular, the Chair of each Committee received praise from the members for their stewardship and leadership.
We are a new Committee and we are still developing our programme of work. As we evolve towards becoming a company that is representative of the local communities in which we operate, it’s essential to ensure that our talent programmes and promotion practices continue to be based on merit and are inclusive. As such, one of our priorities for next year will be talent and skills development. I will continue to give the Board feedback on the thoughts and ideas of our employees, ensuring that our workforce and wider stakeholders are represented appropriately in the Board’s decision-making process.
Baroness Kate Rock
Chair of the Social and Community Committee
Approved by the Board of Directors and authorised for issue on 7 March 2022.
Keller supported The Brilliant Breakfast with a donation of £5,000. Working with The Prince’s Trust, this UK initiative aims to change the lives of young women by helping them gain the skills needed to live, learn and earn. The Julia and Hans Rausing Trust has pledged to match fund all 2021 donations of £5,000 or over to The Brilliant Breakfast, meaning that Keller’s donation will allow an incredible £10,000 of support for young women in the UK.”
Kerry Porritt
Group Company Secretary and Legal Advisor
Keller Group plc Annual Report and Accounts 2021
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The Board is committed to promoting equality, diversity and inclusion in the boardroom, to ensure all are able to contribute to Board discussions.
Peter Hill CBE
Chairman of the Nomination and Governance Committee
Peter Hill CBE, Paula Bell, Eva Lindqvist, Nancy Tuor Moore, Baroness Kate Rock, Juan G. Hernández Abrams (from 1 February 2022)
For full biographies See pages 70 and 71
The role of the Nomination and Governance Committee is to recommend the structure, size and composition of the Board and its Committees. It is also responsible for succession planning of the Board and executive management, for promoting the overall effectiveness of the Board and its Committees, and for governance matters in general.
Dear shareholder
Welcome to the report of the Nomination and Governance Committee for the year ended 31 December 2021.
The Committee has continued to review the balance of skills on the Board as well as the knowledge, experience, length of service and performance of the Directors. During the year, we held two meetings. The attendance at the meetings is shown on page 74. Particular areas of focus this year included the recruitment of a new Non-executive Director, Juan G. Hernández Abrams, who joined the Board from 1 February 2022. Nancy Tuor Moore, who has been on the Board since 2014, will retire after the Annual General Meeting in May 2022.
The 2021 Board evaluation was conducted by Donata Denny, Leadership Coach and Professional Development Advisor. Building on the 2020 Board evaluation, feedback of the performance of the Board as a whole and its Committees, the Board’s 2021 Strategy Day, and the Chairman and individual Directors was sought from the Board and, in the case of the Chairman, also from key external advisers. Feedback on the Board and its Committees and the Board’s 2021 Strategy Day was reviewed at the Board’s meeting in January 2022. Individual feedback sessions for the Directors with the Chairman, and feedback on the Chairman, will be conducted during the first quarter of 2022.
Keller Group plc Annual Report and Accounts 2021
Governance
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We welcomed the full and frank feedback received from all participants, who reported that Board dynamics continued to improve and progress over the year with recognition that this was an ongoing process. The Board Committees’ structure, membership and operation were felt to be working well and, in particular, the Chair of each Committee received praise from the Directors for their stewardship and leadership. The 2021 Board Strategy Day was felt to be the best for a number of years, suggestions for further improvement of the event were fed back to the Executive Directors and the Group Company Secretary and Legal Advisor.
As part of our work regarding Board effectiveness, the Committee undertakes ongoing assessment, including:
The Directors have all undertaken extensive training and are committed to their role. In our view, the Board effectively undertakes its role to provide oversight and strategic guidance to the business, with an appropriate and diverse mix of skills and industry knowledge. Collectively, the Directors bring a wealth of experience and in-depth knowledge of relevant business sectors to Board deliberations, and this encourages constructive and challenging debate around the boardroom table. Our Committee continues to work to balance the skills and experience of the Board members to meet the changing needs of the business. Having a good mix of skills plays an important role in keeping the Board relevant and up to date with the market.
In January 2021 the Board and the Nomination Committee approved a Board Diversity Policy. Keller’s Board Diversity Policy sets out the approach to diversity both on the Board of Directors of Keller Group plc and more widely across the organisation. Our commitment to equality, diversity and inclusion aligns with our values of integrity, collaboration and excellence and is underpinned by our Inclusion Commitments. The Board is committed to promoting equality, diversity and inclusion in the boardroom, to ensure all are able to contribute to Board discussions, and aim to meet industry targets and recommendations wherever possible. This includes our objective of meeting the diversity targets recommended by the Hampton-Alexander and the Parker Reviews. In 2021, Keller’s Board of Directors had a 57% female share (2020: 44%) meeting the Hampton-Alexander Review target of 33% female share of Board Directors by 2020. With the appointment of Juan G. Hernández Abrams to the Board from 1 February 2022, we also meet the Parker Review target with one Board Director from an ethnic minority background by 2022. For further information on diversity at Board level, as well as more generally at Keller, please see the ESG and sustainability section of this report.
When we make recommendations to the Board regarding Non-executive Director appointments, we will consider the expected time commitment of the proposed candidate, and any other existing commitments, to ensure that they have the capacity to devote the necessary time to the role and to contribute fully to the company.# Audit and Risk Committee report
Dear shareholder
On behalf of the Audit and Risk Committee, I am pleased to present my report for the financial year ended 31 December 2021. The Group operates within a large, global and fast-changing environment, which requires an adaptive approach to assurance. The COVID-19 pandemic continued to pose challenges to the Group so it was important to ensure that the Group’s risk management and internal control systems were effective. We were pleased with the actions delivered by management, in particular the focus on working capital and cash management.
The Committee retained its focus on the development of the risk management and internal control systems. Being mindful of the increasing depth of review and reporting required of audit committees, we continued to follow a detailed programme of work which ensured the personnel and systems were in place to enable the Board to perform a robust assessment of principal and emerging risks and the Group’s responses to them. The continued focus on risk management activity, following the appointment of the Group Head of Risk and Internal Audit in 2020, resulted in a more integrated and consistent approach to risk management and reporting across the organisation.
Throughout the year the Committee received regular updates from management on the financial and operating environment and systems of internal control. The Committee remains fully committed to ensuring the integrity of the financial statements and to maintaining a robust internal control framework. The internal and external assurance programmes operated effectively.
The Committee ensured that the internal audit programme delivered appropriate coverage of all areas of business risk and reviewed an assessment of the internal auditor to ensure that the services provided continued to provide required assurance. The Committee reviewed the output of a detailed assessment of the external auditor. The external auditor’s strengths and development points were noted that ensured a robust external audit of the year-end accounts. In addition, during the year we devoted a lot of time to consider the BEIS consultation, ‘Restoring Trust in Audit and Corporate Governance’, and reviewed the company’s response and preparation plans. We also supported management in addressing the requirements of TCFD.
This has been another busy year for the Committee and management has worked hard to drive improvements in the areas of risk, financial reporting, assurance and audit. We acknowledge the progress that has been made and expect the momentum gained will carry this progress forward into 2022, when our priorities will revolve around assessing the impact of the audit and corporate governance reform and ensuring the company is prepared and compliant.
Public health and safety legal requirements permitting, I look forward to meeting shareholders who attend our AGM this year to answer any questions on this report or on the Committee’s activities. Shareholders are encouraged to email their questions to the Committee Secretary at [email protected]
Paula Bell
Chair of the Audit and Risk Committee
Approved by the Board of Directors and authorised for issue on 7 March 2022.
Paula Bell, Eva Lindqvist, Nancy Tuor Moore, Baroness Kate Rock, Juan G. Hernández Abrams (from 1 February 2022)
For full biographies See pages 70 and 71
The Committee is responsible for overseeing the internal risk management framework, ensuring effective internal controls are in place, financial and non-financial reporting and appropriate external and internal audit arrangements.
| Item of business | When |
|---|---|
| Overseen assessment pertaining to the impact of COVID-19 | At every meeting |
| Regular updates on the Group’s system of internal controls and its effectiveness | At every meeting |
| Impact of audit and corporate governance reform and plan of action, including review of response to consultation, alignment with work under way under the Platform for Success programme, ERP implementation and impact on principal risks | July, September and December |
| Oversight of the ongoing financial and business control landscape across the Group | At every meeting |
| Review and challenge of the output of management’s assurance map to assess controls maturity | At every meeting |
| Assessment of controls pertaining to the disclosure of significant accounting estimates from completed internal audit reviews | At every meeting |
| Responses and key themes arising from the Group’s annual Electronic Internal Control Questionnaire | At every meeting |
| Review of the Board delegated authorities | February |
| Oversight of the Group’s financial reporting and internal control systems | December and February |
| Updates on the risk management framework including oversight of work to develop a solution to ensure compliance with TCFD | At every meeting |
| Cyber risk review aligned with Platform for Success | February and September |
| Effectiveness and challenge of the internal audit | December and July |
| Overseen assessment on which to base the valuation of contingent consideration | At every meeting |
| Review and approval of the programme of internal audit reviews of the Group’s risk and financial reporting periods, whilst retaining focus on the 2021 audit and the 2022 audit and the interim reviews | December |
| Oversight and approval of internal control assessments of internal control | December and February |
| Management report on the process for assessing the Group’s going concern and viability | December and February |
| Basis of provisioning within the Group’s captive insurance vehicle | February |
| Review and approval of the EY engagement letter, audit fee and their audit plan | December and February |
| Scope and results review of the external audit, its quality and effectiveness, and the external auditor’s independence and objectivity | December and July |
| Group’s tax strategy review and approval for recommendation to the Board | February |
| Externalities on capital which broadly represent the Group’s | As necessary |
| Oversight of financial reporting | September |
| Updates on matters relating to ethics, fraud and compliance | At every meeting |
| Review and approval of the Whistleblowing Policy | February |
| Review of the Executive Directors’ expenses | February |
| Oversight of the Committee | December |
| Review and recommendation for changes to the Committee’s terms of reference | July |
| Interaction with the regulator | December |
| Non-audit services policy review and amendment | September |
The Committee has an extensive agenda of matters of substance, in line with the financial reporting cycle, focusing on the audit, assurance and risk processes within the business which it deals with in conjunction with senior management, the external auditor, the internal audit function and the# Governance
The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that we were able to recommend to the Board that the 2021 Annual Report and Accounts are fair, balanced and understandable. The Committee’s role is to ensure that the information presented in the Group’s preliminary announcement, the company’s processes for the preparation of the Annual Report and Accounts and the outcomes of those processes to ensure that weIt considered matters including: the competence of the key senior members of the team and their understanding of the business and its environment; the planning process; the effective planning and execution of the audit; the expertise displayed by the auditor over complex accounting matters; communicating and resolving audit issues; timeliness of the audit process; cost; and communication of issues and risks to management and the Committee. There are a number of checks and controls in place for safeguarding the objectivity and independence of EY. These include open lines of communication and reporting between EY and the Committee and, when presenting their ‘independence letter’, EY discuss with the Committee their internal process for ensuring independence. The Committee monitors the audit process on an ongoing basis, paying particular attention to the mindset and culture, skills, character and knowledge, quality control and professional judgment of the audit team and their handling of key judgements, responsiveness to the Committee and in their commentary where appropriate on the systems of internal control. We hold regular private meetings with the external auditor, during which we discuss:
• Our view of the audit process; assessment of audit quality; and potential risks to the audit quality.
• The level of work and review performed in relation to the audit plan and how it has been progressed to identify risks to audit quality.
• The level of challenge the auditor has discussed with the management team and their view on the audit outcome;
• Whether the auditor has met the agreed audit plan and how it has responded to any changes that have been required.
• Feedback from key people involved in the audit.
• The content of the auditor’s management letter.
A detailed assessment of the amounts and relationship of audit and non-audit fees and services is carried out each year and we have developed and implemented a policy regulating the placing of non-audit services to EY. This should prevent any impairment of independence and ensure compliance with the updates to the Code and revised Auditing and Ethical Standards with regard to non-audit fees. The approval thresholds were amended in 2021 and now any work awarded to EY, other than audit, with a value in excess of £50,000, requires the approval of the Audit Committee. In 2021, non-audit related fees paid to EY were less than 5% of the total audit fee. These relate to the half-year report review and are considered to be permitted services. The external audit contract is put out to tender at least every 10 years. As part of the review of the audit and the performance of the external auditor, we recommend the reappointment of EY for the year ending 31 December 2022. The approach to determining the auditor follows the requirements of the Statutory Audit Services for Large Companies Market Investigation (Mandatory Use of Competitive Tender Processes and Audit Committee Responsibilities) Order 2014.
Keller Group plc Annual Report and Accounts 2021
Governance 93
Risk management and internal control
The Committee has a key role, as delegated by the Board, in ensuring appropriate governance and challenge around risk management. We also set the tone and culture within the organisation regarding risk management and internal control. The Committee’s name and terms of reference were updated in 2021 to reflect the Company’s updated policies relating to risk. Further information on the Group’s risks can be found on pages 32 to 41. The system of internal control is designed both to safeguard shareholders’ investment and the Group’s assets; and to provide reasonable assurance regarding the reliability of financial reporting, the effectiveness and efficiency of operations and compliance with applicable laws and regulations. Key elements of the Group’s system of internal control include:
• Assessing and challenging risk assessments and mitigating actions in respect of the potential impact of the risks facing the Group.
• Monthly dashboard packs reviewed by the Executive Committee and the Board.
• Detailed business unit budget reviews with updates provided to the Board.
• Regular reports to the Board on health and safety issues.
• Regular visits to operating businesses by head office and divisional management;
• Annual completion of internal control questionnaires by business unit management.
• Reports to the Committee by PwC on the effectiveness of the Group’s internal audit function, covering the Group’s controls, processes and procedures in place at each of the Group’s in-scope units.
The Group aims to continuously strengthen its processes, with the involvement of the Committee, to ensure these processes are embedded throughout the organisation. In 2021, we worked with management to continue to strengthen our internal control environment, focusing on the following priorities and receiving updates on their progress:
• Continued development of the Group’s risk management framework and delivery of minimum control standards for all areas of risk management, including ensuring appropriate training;
• Monitoring of the implementation of the control self-assessment process where, where applicable, employees are required to certify that accounting controls have been performed/complied with for the month.
• Review of internal control questionnaires, to identify common areas for improvement as well as opportunities for enhancing controls and strengthening accountability;
• Mapping of the Group’s control environment to assess controls maturity across all functions within the Group.
Although we review the Group’s system of internal controls, any such system can only provide reasonable and not absolute assurance against any material misstatement or loss. The effects of adverse weather and other significant operational initiatives during the COVID-19 pandemic were reported regularly, along with scenario analysis, to ensure that management had near real-time understanding of the impact.
The Committee continued to enhance the Group’s enterprise risk management framework, despite the continuing restrictions placed on us due to COVID-19. This has included developing a process to identify, manage, review and report on climate- related risks and opportunities in line with TCFD risk reporting requirements. These risks and opportunities were then incorporated into the existing emerging risk register as, by their nature, the vast majority of them are emerging risks and opportunities. This allowed the business to review all emerging risks and opportunities together. More information about this work can be found in the Principal risks and uncertainties (pages 32 to 41) and the ESG and sustainability (pages 42 to 67) sections of this report. In addition, the Committee reviewed and challenged the output of management’s assurance map to assess controls maturity in the context of the forthcoming audit and corporate governance reform. This will be an area of considerable focus for the Committee next year, along with the implementation of the new ERP system and its impact on principal risks.
Interaction with the FRC
During the year, the FRC included the company’s Annual Report and Accounts for the year ended 31 December 2020 in their thematic review of IAS 37, ‘Provisions, Contingent Liabilities and Contingent Assets’ which resulted principally in requesting further information in respect of provisions for insurance and legal claims, as well as minor observations on other areas of the accounts. The Group responded fully to the matters raised in the correspondence and has restated the relevant sections of this year’s accounts to reflect the matters raised. The information provided has been reconciled to the balance sheet reported in the 2020 Annual Report and Accounts as detailed in the accounting policies note on page 133. The FRC’s enquiry did not result in any changes to reported results, other than those already reflected by the restated figures within the 2021 financial statements.
The Chair of the Committee has been involved in reviewing the Group’s response to the points raised and its updated disclosure adopted in this year’s Annual Report and Accounts. In addition, during the year the FRC’s Audit Quality Review team selected for review the audit of the Group’s financial statements for the year ended 31 December 2020. At the conclusion of the review, the Committee considered the findings and the management letter received from EY to address the matters raised.
Audit and Risk Committee report continued
Keller Group plc Annual Report and Accounts 2021
Governance 94
Corporate governance
The Committee’s terms of reference, which were reviewed and updated during the year, are available on our website (www.keller.com) and on request from the Committee Secretary. It is intended that the Committee is comprised of at least three members, all of whom are independent Non-executive Directors of the Company with sufficient financial and commercial expertise to challenge management. The Code requires the inclusion of an independent non-executive director with competence in accounting and auditing, as defined by the Consultative Committee of Accountancy Bodies. Accordingly, the Company has appointed an independent non-executive director with such competence. On all matters, the Committee invite: Group Chief Executive, Group Chief Financial Officer, Group Head of Risk and Internal Audit, the Group Company Secretary and Legal Advisor, the company’s external auditor, EY, and PwC, in their role as internal auditor, to all meetings. On three occasions, the Committee met privately with EY without management being present and we also met with PwC and the Group Head of Risk and Internal Audit without management present. In line with best practice, the Committee assessed its effectiveness in discharging its duties during the year against its terms of reference.
Looking forward
In 2022 our priorities will be:
• Development of the final UK Corporate Governance Code 2022, along with the company’s proposed response to meeting the revised requirements.
• Supporting the company in developing the disclosures requirements under TCFD, in particular around risk management and scenario analysis.# Governance
Keller delivered another set of results in 2021 which were above expectations.
Eva Lindqvist
Chair of the Remuneration Committee
Eva Lindqvist, Paula Bell, Baroness Kate Rock, Nancy Tuor Moore, Juan G. Hernández Abrams (from 1 February 2022)
For full biographies See pages 70 and 71
The role of the Committee is to determine and agree with the Board the framework or broad policy for the remuneration of the Chairman, the Executive Directors, their direct reports and such other members of the executive management as it is designated to consider. In addition, the Committee is responsible for determining the total individual remuneration packages of the Chairman, the Executive Directors, the Group Company Secretary and Legal Advisor and other senior executives.
The Committee also:
The Chair of the Committee reports on the Committee’s activities at the Board meeting immediately following each meeting.
Dear shareholder
On behalf of the Committee, I am pleased to provide an overview of Executive Director remuneration for the year ended 31 December 2021.
Keller delivered another strong set of results in 2021 which were above market expectations. Revenue increased to £2,224.4m, up 13% (at constant currency) as a result of increased trading activity, particularly during the second half, and several bolt-on acquisitions (up 9.7% on an underlying basis). Underlying operating profit increased to £92.8m, a reduction of 10% at constant currency, impacted primarily by the COVID-19 adverse pressure on market pricing and operational disruption across our businesses, whilst underlying diluted earnings per share decreased by 8% to 88.4p per share. The results were adversely impacted by the provision for onerous contracts in Australia and a R&D tax credit in North America. After funding acquisitions, net debt (on a bank covenant IAS 17 basis) was down marginally to £119.4m, equating to net debt/EBITDA leverage ratio of 0.8x (2020: 0.7).
The targets for the 2021 annual bonus for executive management were set by the Committee in February of last year and remained unchanged throughout the year. The strong and consistent performance in revenue, operating profit before tax and net debt, have paid out at maximum. The Executive Directors made progress against their corporate objectives, achieving 15% out of a possible 30% maximum. Project performance diluted the other good work in the year and will be a continued focus for the senior management team in 2022. Overall, the annual bonus outturn was 90% of maximum.
When determining the bonus outcome, the Committee considered overall company performance over the period. Considerations included the ongoing impact of COVID-19 on our business and the broader market. Whilst the pandemic has continued to pose challenges for our business and our people during this period, our operating profit and net debt performance demonstrate the resilience of the business. We did not take any UK furlough monies in 2021 and we have maintained our progressive dividend levels in 2020 and 2021 to reflect the value of our shareholders.
During 2021, management introduced Keller’s Wellbeing Foundations, which focused on employees’ physical and mental wellbeing and sought to provide a supportive and inclusive environment for all our people, irrespective of their background. We continued to train our workforce on the importance of safety and continued to improve our accident frequency and total recordable incident rates. The Group’s accident frequency rate (AFR) reduced by 42% compared with 2020, and our total recordable incident rate (TRIR) was reduced by 22%, again demonstrating improving performance. The Committee fully considered a tragic fatality at the beginning of the year that occurred following an accident on a site in Austria in which we lost a long-serving and valued employee. Whilst it has been determined Keller was not at fault for the accident, management has continued to advance our safety programmes.
Our Social and Community Committee agreed a Charitable Giving Policy, under which we were proud to make a funding contribution of £300,000 to UNICEF’s COVID-19 Vaccines Appeal. This helped UNICEF to deliver two billion doses of vaccines by the start of 2022 for frontline health workers, social workers, teachers and those at highest risk. The implementation of our Diversity, Equity and Inclusion Commitments continued, with a focus on investing in our workforce as well as strengthening and diversifying our talent pipeline. As we evolve towards becoming a company that is representative of the local communities in which we operate, it’s essential to ensure that our talent programmes and promotion practices continue to be based on merit and are inclusive.
After considering all the relevant factors for the 2021 bonus, the Committee’s view was that the outcome was fair and appropriate from both a performance perspective and also taking into account the wider stakeholder experience. Therefore no discretion was exercised.
The performance of the LTIP granted to executives in 2019 and vesting in March 2022 was improved from the previous LTIP cycle. The operational performance in 2018 on the company’s share price in that year, driven primarily by poorly performing contracts in the APAC Division, meant that the EPS targets were not met during the performance period. However, the TSR element vested at near maximum and there was partial vesting under the ROCE element. Therefore, overall, the 2019 LTIP awards vested at 36.6% of maximum.
Shareholders will recall that, prior to the company’s 2019 AGM, ISS proxy advisers highlighted that the number of shares awarded to Executive Directors were not being scaled back in recognition of the fall in the Company’s share price during 2018. We engaged with a large number of our major shareholders as a result and the Committee undertook that, at the time of vesting of the 2019 award, it would make a determination as to whether to use its discretion to reduce vesting levels as appropriate. Against this background, the Committee carefully considered the vesting levels of the 2019 award, with additional reference to both the shareholder and wider workforce experience. On arrival of the final vesting, the Committee considered the share price performance and share price related dividend payments and has been no inappropriate windfall gains over the period. The Committee determined that the LTIP outcome provided appropriate reward for the Executive’s performance over the three years and no discretion was exercised.
Salary increases for UK-based employees across the Group were effective from 1 January 2022. Michael Speakman, CEO, and David Burke, CFO, were awarded salary increases of 3%.As additional context, the CEO and CFO are already aligned with the wider workforce pension rate of 7% of salary.
The Committee was grateful to shareholders for the time they gave to the 2021 policy consultation which helped to facilitate a more robust decision- making process. All of our major shareholders were supportive of the proposals put forward with over 90% of votes in favour of the new policy.
As set out last year, management’s focus will be on driving value by focusing on, and investing in, our key markets and the sustainability of our operations, maintaining a robust balance sheet. In our half-year results for 2021, the company committed to ambitious net zero targets for all three of our emission scopes which will culminate in carbon neutrality by 2050 at the latest. In recognition of the importance of achieving these goals, we have agreed a Scope 2 reduction target as one of management’s corporate objectives for 2022. Further detail on the 2022 corporate objectives will be disclosed in the 2022 Annual remuneration report.
Last year we agreed a refreshed set of four measures for the 2021 LTIP that we believe support the delivery of the strategy. These measures have been carried forward into 2022 and, together with the targets for the LTIP for the year ahead, are disclosed in the 2021 Directors’ remuneration report. See page 104 for further details.
We very much hope that you will support our 2021 Annual report on remuneration at the AGM in May. I will be available at the AGM to answer any questions you may have about our work. Please also feel free to email your questions to the Group Company Secretary and Legal Advisor at [email protected] and we will respond to them directly.
Eva Lindqvist
Chair of the Remuneration Committee
Approved by the Board of Directors and authorised for issue on 7 March 2022.
Keller Group plc Annual Report and Accounts 2021 Governance 97
The Committee addresses the need to balance risk and reward. The Committee monitors the variable pay arrangements to take account of risk levels, ensuring an emphasis on long-term and sustainable performance. The Committee believes that the incentive plans are appropriately managed and that the choice of performance measures and targets does not encourage undue risk-taking by the Executives so that the long-term performance of the business is not compromised by the pursuit of short-term value. The plans incorporate a range of internal and external performance metrics, measuring both financial and non-financial outcomes, providing a rounded assessment of overall company performance.
The Committee reviews changes in remuneration arrangements in the workforce generally as we recognise that all our people play an important role in the success of the company. Keller is committed to creating an inclusive working environment and to rewarding our employees throughout the organisation in a fair manner. In making decisions on executive pay, the Committee considers wider workforce remuneration and conditions to ensure that they are aligned on an ongoing basis. As part of our commitment to fairness, we have a section in this report (see ESG and sustainability) which sets out more information on our wider workforce and our diversity initiatives. We recognise there is always an opportunity to improve in relation to these issues.
The Committee engages proactively with the Company’s major shareholders and is committed to maintaining an open dialogue. The Committee reviews any feedback received from shareholders as a result of the AGM process. Committee members are available to answer questions at the AGM and throughout the rest of the year. The Committee takes into consideration the latest views of investor bodies and their representatives, including the Investment Association, the Pension and Lifetime Savings Association and proxy advice agencies such as Institutional Shareholder Services.
We strongly believe in fair and transparent reward throughout the organisation and when making decisions on executive remuneration the Committee considers the context of wider workforce remuneration. This section shows how the 2018 Code is embedded in our remuneration principles and how they are cascaded throughout the organisation. The diagram on the following page shows how the policy is aligned with the factors set out in Provision 40, and how our principles and policy are aligned with the "Corporate Governance Code".
The Committee sets the Remuneration Policy for Executive Directors and other senior executives, taking into account the company's strategic objectives over both the short and the long term and the external market.
Keller Group plc Annual Report and Accounts 2021 Governance 98
Our purpose: Building the foundations for a sustainable future
How we address the requirements under Provision 40
Clarity: The company’s performance remuneration is based on supporting the implementation of the company’s strategy measured through KPIs which are used for the annual bonus and LTIP. This provides clarity to all stakeholders on the relationship between the successful implementation of the company’s strategy, including its sustainability framework, and the remuneration paid.
Simplicity: The policy includes the following:
Predictability: Shareholders are given full information on the potential values which can be earned under the annual bonus and LTIP plans on their approval. In addition, all the checks and balances set out above under ‘Risk’ are disclosed at the time of shareholder approval.
Proportionality: The company’s incentive plans clearly reward the successful implementation of the strategy and our environmental ambitions, and through deferral and measurement of performance over a number of years ensure that the Executives have a strong drive to ensure that the performance is sustainable over the long term. Poor performance cannot be rewarded due to the Committee’s overriding discretion to claw-back performance-related pay in circumstances where the Company’s reputation or financial health is compromised, and the Committee retains the discretion not to pay awards where it would be inappropriate to do so.
Alignment to culture: The remuneration policy is designed to create a strong link to shareholder return and the company's performance. This is reflected in the performance conditions used for the bonus. The focus on long-term sustainable performance is also a key part of the company’s culture. In addition, the measures used for the incentive plans are measures used to determine the success of the implementation of the strategy.
Clarity
The Committee ensures that Executives are provided with a remuneration opportunity which is competitive against companies of a similar size and complexity, with a strong emphasis on the variable elements.
Cultural alignment and risk
Simplicity, clarity and predictability
Proportionality and risk
Cultural alignment and proportionality
Keller Group plc Annual Report and Accounts 2021 Governance 99
Attract and retain high-calibre individuals needed to execute and deliver on the Group’s strategic objectives.
Rewards achievement of operational and strategic targets.
Focus on delivering value creation for shareholders and overall performance for the company over the long term.# Remuneration at a glance
Shareholders approved a revised policy at the 2021 AGM, full details of which can be found in our 2020 annual report. An overview of our policy and how it is proposed to apply in 2022 is set out below:
Maximum opportunity – up to 150% of salary. Awards subject to malus and clawback.
2022 bonus metrics:
* 60% PBT
* 20% Net debt
* 20% Corporate objectives
25% of bonus deferred into shares for two years
Maximum opportunity – up to 150% of salary. For 2022, CEO will receive 150% of salary and CFO will receive 125% of salary. Awards subject to malus and clawback
2022 PSP metrics: Aligned with our strategy
* 25% Cumulative EPS
* 25% ROCE
* 25% Relative TSR
* 25% Operating margin
3-year performance period
2-year holding period
In-post guideline: 200% of salary
Post-employment guideline: 100% of in-post shareholding (or actual shareholding if lower) in year 1 and at least 50% in year 2
Guideline applies in post, and extends beyond tenure
The policy approved in 2021 introduced or formalised a number of good governance features in line with evolving best practice.
Introduced
* Post-employment shareholding requirement
* Discretion for the Committee to override formulaic outcomes
Formalised
* Malus and claw back policy
* Alignment of Executive Directors’ pensions to the general workforce rate
* Mitigation measures in service contracts
* Settlement of deferred bonus and dividend equivalents in shares
| CEO | CFO | |
|---|---|---|
| Salary | £588,300 | £386,250 |
| 3% increase from 2021, below salary increases awarded to UK-based employees of 4% | 3% increase from 2021, below salary increases awarded to UK-based employees of 4% | |
| Pension | 7% of salary – aligned with the wider workforce rate | 7% of salary – aligned with the wider workforce rate |
| Benefits | Includes car allowance, private health care and life assurance and long-term disability insurance | Includes car allowance, private health care and life assurance and long-term disability insurance |
| Keller | FTSE 250 | FTSE All-Share | |
|---|---|---|---|
| 31 Dec 20 | 100 | 110 | 130 |
| 31 Mar 21 | 90 | 120 | 140 |
| 30 June 21 | 100 | 130 | 150 |
| 30 Sep 21 | 110 | 140 | 160 |
| 31 Dec 21 | 120 | 150 | 170 |
Overall our TSR performance over 2021 was 47%, compared to the FTSE 250 returning 18% and the FTSE All-Share also returning 18%.
| Weighting | Threshold | Target | Max | Outcome (% of max) | |
|---|---|---|---|---|---|
| PBT, £m | 60% | 62.6 | 69.5 | 76.5 | 100% |
| Performance outcome: 82.8%¹ | |||||
| Net debt (IAS 17 basis), £m | 20% | 123.5 | 112.3 | 101.1 | 100% |
| Performance outcome: 92.5%¹ | |||||
| Corporate objectives | 20% | 50% | |||
| Actual: 50% of max | |||||
| Overall | 90% |
¹ At 2021 actual exchange rates, before non-underlying items, adjusted for acquisitions.
| Weighting | Threshold | Max | Outcome (% of max) | |
|---|---|---|---|---|
| EPS | 50% | 300p | 345p | 0% |
| Actual: 270.6p | ||||
| TSR | 25% | Median | Upper quartile | 94% |
| Actual: marginally below upper quartile | ||||
| ROCE | 25% | 14% | 20% | 52.5% |
| Actual: 16.2%² | ||||
| Overall | 81.8% |
² Average of the three-year ROCE for 2019–21.
The following table sets out the single total figure of remuneration for Executive Directors (audited) for the financial years ended 31 December 2021 and 31 December 2020.
| EXECUTIVE DIRECTORS | ||||
|---|---|---|---|---|
| Michael Speakman | David Burke | |||
| 2021 £000 | 2020 £000 | 2021 £000 | 2020 £000 | |
| Salary | 571 | 560 | 375 | 84 |
| Deferred bonus | 14 | 20 | 5 | 6 |
| Pension | 40 | 37 | 26 | 6 |
| Total fixed pay | 625 | 611 | 421 | 95 |
| Annual bonus | 771 | 784 | 506 | 117 |
| PSP | 295 | 40 | 0 | 0 |
| Total variable pay | 1,066 | 824 | 506 | 117 |
| Total pay | 1,691 | 1,435 | 927 | 212 |
¹ Deferred bonus relates to the annual bonus awarded in 2020 and 2019 respectively and paid in shares of £14,414 and £14,386 respectively, and 2021 deferred bonus paid in shares of £5,444 and £6,250 respectively.
² Pension relates to amounts paid by the Company in respect of the pension of each Director. Michael Speakman’s pension is paid to the pension scheme of which he is a member. David Burke’s pension arrangements have been settled in cash.
³ The annual bonus is a cash bonus awarded for the financial year, subject to performance conditions. For 2021, the bonus outcome of 135% for Michael Speakman and 135% for David Burke resulted in a payout of £771,120 and £506,250 respectively.
⁴ For the 2019 PSP award, this vested on 8 March 2022. Using the average closing share price to 31 December 2021, the price appreciated from the date of the award. The value of the award vests between £295,259 for Michael Speakman and £0 for David Burke.
Michael Speakman and David Burke’s pension rate has been set at 7% of base salary in line with the contribution rate provided to the majority of the UK workforce. The Committee keeps the pension entitlement of the Executive Directors under review in the context of any changes in pension provision across the Group.
The 2021 annual bonus opportunity was split between three measures: 60% weighted to Group PBT, 20% to Group net debt and 20% to corporate objectives, and aligned to the delivery of key strategic and operational priorities. Overall, the bonus outcome for 2021 was 90% of the maximum payout, for each Executive Director, based on performance as set out below.
| 2021 measurement ranges and outcome | Bonus as % of salary | |||
|---|---|---|---|---|
| Threshold | Target | Maximum | Performance outcome | |
| 0% | 50% | 100% | ||
| EXECUTIVE DIRECTORS | ||||
| Michael Speakman | Max Outcome | |||
| Group PBT, £m | 62.6 | 69.5 | 76.5 | 100% |
| 82.8¹ | ||||
| Group net debt (IAS 17 basis), £m | 123.5 | 112.3 | 101.1 | 20% |
| 92.5¹ | ||||
| Total Group measures | 120% | |||
| Corporate objectives assessment | 15% | |||
| Total bonus | 135% | |||
| Base salary | £571,200 | |||
| Bonus based on performance outcomes | £771,120 | |||
| David Burke | Max Outcome | |||
| Group PBT, £m | 62.6 | 69.5 | 76.5 | 100% |
| 82.8¹ | ||||
| Group net debt (IAS 17 basis), £m | 123.5 | 112.3 | 101.1 | 20% |
| 92.5¹ | ||||
| Total Group measures | 120% | |||
| Corporate objectives assessment | 15% | |||
| Total bonus | 135% | |||
| Base salary | £375,000 | |||
| Bonus based on performance outcomes | £506,250 |
¹ At 2021 actual exchange rates, before non-underlying items, after adjusting for acquisitions.
Corporate objectives are measurable deliverables that are jointly shared by the Executive Directors and the Executive Committee and are focused on supporting the delivery of Keller’s key strategic activities. The Committee determined that this was an appropriate basis to incentivise management to increase collaboration on strategic activities. Each category of the corporate objectives has a maximum of 9% of base salary that can be attained, with an overall maximum of 30% of base salary available (20% weighting of total annual bonus plan for Executive Directors). The Committee retains the right to apply discretion to the overall evaluation of the attainment of corporate objectives.
The Committee considered the performance in 2021 against corporate objectives.
The objective scoring by the Committee for performance in 2021 against corporate objectives resulted in an outcome of 15% of salary. Project performance diluted the other good work in the year and will be a continued focus for the senior management team in 2022. As described in the Chair’s letter, the Committee considered all relevant factors when determining the level of bonus payout and concluded that it was appropriate for the Executive Directors to receive a bonus payout of 135% in 2021 and that the performance outcomes were aligned to the achievement of the targets set by the Remuneration Committee.
| Corporate objective | Opportunity (maximum) | Actual performance | Outcome (maximum 30%) |
|---|---|---|---|
| Margin enhancement Maintaining the operating margin of the North America Foundations businesses during the course of the pandemic | 6.0% of base salary | Despite the impact of the pandemic on bidding and execution of work in the North America Foundations business in 2021, margin improved against that of 2020. | 4.0% |
| Loss making projects (LMP) | 9.0% of base salary | LMP performance did not meet the target for the year. | 0.0% |
| Portfolio Strategic restructuring of the European Division | 6.0% of base salary | The divisional headquarters were successfully rationalised to meet the requirements of the newly formed division. Further progress on rationalisation of the portfolio was completed with the merger of two business units; however, the full programme wasn’t fully completed in the year. | 4.0% |
| Strengthening the Group’s global governance standards and systems | 9.0% of base salary | A number of activities took place during 2021 to strengthen the Group’s global governance standards and systems as the business develops and prepares to implement a Group-wide operating model and the enhancement of the Group’s policies and standards. The InSite safety system, already deployed successfully across the North America Division, successfully continued its global roll out across Europe and AMEA, marking a cultural and behavioural shift across the business. | 7.0% |
| Total | 30.0% | 15.0% |
Based on EPS and TSR performance over the three years ended 31 December 2021, the PSP awards made in 2019 will vest as follows:
| Measures | Vesting schedule and outcome | % of award that will vest | Outcome |
|---|---|---|---|
| 0% 25% 100% | |||
| Cumulative earnings per share (EPS) over three years ¹ | 270.6p | 0% | |
| Keller’s TSR ranking relative to the constituents of the FTSE 250 comparator index ² | Marginally below upper quartile | 25% | |
| ROCE over three years ⁴ | 13.1% 14% 20% | 13.1% | |
| Total vesting | 36.6% |
¹ EPS is before non-underlying items on an IAS 17 basis.
"The comparative information for the year ended 31 December 2020 has been presented on the basis of IAS 17, the previous leasing standard."
⁴ Average of the three-year ROCE for 2019–21.
Shareholders will recall that, prior to the company’s 2019 AGM, ISS proxy advisers highlighted that the number of shares awarded to Executive Directors were not being scaled back in recognition of the fall in the Company’s share price during 2018. We engaged with a large number of our major shareholders as a result and the Committee undertook that, at the time of vesting of the 2019 award, it would make a determination as to whether to use its discretion to reduce vesting levels as appropriate. Against this background, the Committee carefully considered the vesting levels of the 2019 award, with additional consideration given to the company's share price performance and the external economic environment. The Committee determined that no discretion should be applied and that vesting should be determined solely by the performance conditions. In line with the policy, the Committee has the ability to exercise malus and clawback with regard to incentive awards in certain circumstances as outlined in the policy. Overall, the Committee considers that the policy has operated as it was intended during 2021.
The three-year performance period over which performance will be measured began on 1 January 2021 and will end on 31 December 2023. Awards will vest in March 2024, subject to meeting performance conditions. Awards were made as follows:
| Executive Director | Date of grant | Shares over which awards granted | Market price at award (£) | Face value of the award at grant | Face value at threshold (£) | Face value at maximum (£) | Performance period |
|---|---|---|---|---|---|---|---|
| Michael Speakman | 15 Mar 21 | 102,858 | 8.33 | 150% of salary | 214,202 | 856,807 | 1 Jan 21–31 Dec 23 |
| David Burke | 15 Mar 21 | 56,273 | 8.33 | 125% of salary | 117,189 | 468,754 | 1 Jan 21–31 Dec 23 |
¹ The average of the daily closing price on 10, 11 and 12 March 2021 of the company’s shares on the main market of the London Stock Exchange.
Governance 104 Keller Group plc Annual Report and Accounts 2021
Vesting of the 2021–23 Performance Share Awards is subject to achieving the following performance conditions:
| Measures | Vesting schedule | % of award that will vest |
|---|---|---|
| 0% 25% 100% | ||
| Cumulative EPS over three years ¹ | ||
| Keller’s relative TSR performance vs FTSE 250 Index over three years | Below median Median Upper quartile | |
| Average ROCE over three years | Below 12% 12% 18% | |
| Operating margin over three years | Below 5.2% 5.2% 6.2% |
¹ EPS and ROCE are before non-underlying items on an IFRS 16 basis.
"The comparative information for the year ended 31 December 2020 has been presented on the basis of IFRS 16."
"The Remuneration Committee may, in exceptional circumstances and subject to shareholder approval, adjust the performance targets in relation to PSP awards, ensuring that they are not materially easier or harder to satisfy than the original targets. Any amended targets determined by the Committee will be disclosed to shareholders in the next Directors’ remuneration report."
The table below shows the aggregate of the Directors’ shareholdings and their holdings of deferred shares and the deferred shares in the Long Term Incentive Plan at 31 December 2021 and the date of this report.
| Director | Ordinary shares at 31 December 2021 | Ordinary shares at 31 December 2020 |
|---|---|---|
| Michael Speakman | 44,280 | 40,000 |
| David Burke | 4,872 | – |
| Peter Hill | 53,000 | 53,000 |
| Nancy Tuor Moore | 3,000 | 3,000 |
| Eva Lindqvist | – | – |
| Kate Rock | 2,500 | 2,500 |
| Paula Bell | 1,581 | 1,581 |
The table below shows the shareholding of each Executive Director against their respective shareholding guideline as at 31 December 2021.
| Shares held ¹ | Awards held ² | Shareholding guideline % salary/fee | Current shareholding % salary/fee | |
|---|---|---|---|---|
| Owned outright or vested | ||||
| Michael Speakman | 44,280 | 309,913 | 29,762 | 200% |
| David Burke | 4,872 | 58,621 | 3,669 | 200% |
¹ Dividend accruals are included in these numbers.
² Deferred awards.
"The Remuneration Committee considers that the Executive Directors’ remuneration is aligned with the company’s performance and shareholder interests."
Details of current awards outstanding to the Executive Directors are detailed in the table below:
| At 1 January 2021 ¹ | Granted during the year | Vested in year ² | Lapsed during the year ² | Dividend equivalents accrued during the year | At 31 December 2021 ² | Vesting date | |
|---|---|---|---|---|---|---|---|
| Michael Speakman | 58,258 | – | 6,447 | 52,069 | 258 | – | 20/08/21 |
| 79,163 | – | – | – | 3,304 | 82,467 | 08/03/22 | |
| 1,596 | – | 1,596 | – | – | – | 08/03/21 | |
| 110,856 | – | – | – | 4,627 | 115,483 | 09/03/23 | |
| 4,619 | – | – | – | 193 | 4,812 | 09/03/23 | |
| 5,040 | – | – | – | 210 | 5,250 | 09/03/22 | |
| – | 102,858 | – | – | 4,293 | 107,151 | 15/03/24 | |
| – | 23,530 | – | – | 982 | 24,512 | 15/03/23 | |
| David Burke | – | 56,273 | – | – | 2,348 | 58,621 | 15/03/24 |
| – | 3,522 | – | – | 147 | 3,669 | 15/03/23 |
¹ The PSP awards granted on 15 March 2021 are not included in the opening balance for 1 January 2021.
² Includes dividend equivalents added as shares since the date of grant.
"The Committee considers that the PSP awards are appropriate and align the interests of Executive Directors with those of shareholders. The performance conditions are challenging but achievable, and the vesting schedules are designed to encourage long-term value creation."
The graph below shows the company’s performance, measured by TSR, compared with the performance of the FTSE 250 Index (excluding investment funds and AIM companies) and the FTSE All-Share Index.
| 2012 | 2013 | 2014 | 2015 ¹ | 2016 ² | 2017 | 2018 ³ | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|
| TSR change £¹⁰⁰ | 951 | 1,870 | 1,630 | 1,420 | 715 | 1,427 | 639 | 921 | 1,433 | 1,691 |
| Annual bonus as a % of maximum opportunity | 57% | 84% | 22% | 85% | 12% | 59% | 0% | 38% | 93% | 90% |
| PSP vesting as a % of maximum opportunity | 0% | 100% | 100% | 67.3% | 0% | 33.9% | 0% | 26.5% | 10.6% |
¹ May 2015 to 31 December 2015.
² The Committee exercised its discretion and applied 0% bonus in 2018.
³ The Committee exercised its discretion and applied 0% bonus in 2018.
"The TSR graph shows the growth in value of a hypothetical £100 holding in Keller Group plc ordinary shares over 10 years, relative to a hypothetical £100 holding in the FTSE 250 and FTSE All-Share Indices."
"The Remuneration Committee considers that the company's TSR performance has been strong over the long term. The annual bonus and PSP vesting have reflected this performance, with significant payouts in years where performance has been particularly strong."
| Salary | Bonus | % change in CEO remuneration | % change in comparator group remuneration ¹,² | |
|---|---|---|---|---|
| 2021 vs 2020 | 2.0% | (0.8)% | (1.6)% | 0.5% |
| (0.4)% | ||||
| (11.7)% |
¹ The comparator group comprises the population of Keller UK employees being professional/managerial employees based in the UK and employed on more readily comparable terms.# Keller Group plc
The following table provides salary and total remuneration information in respect of the employees at each quartile.
| Financial year | Element of pay | 25th percentile employee | Median employee | 75th percentile employee |
|---|---|---|---|---|
| 2020 reported | Salary | £32,789 | £37,724 | £63,762 |
| Total remuneration | £37,736 | £57,970 | £74,469 | |
| 2020 (restated with actual bonuses) | Salary | £30,345 | £50,575 | £42,866 |
| Total remuneration | £39,150 | £60,131 | £79,567 | |
| 2021 | Salary | £31,823 | £44,986 | £58,806 |
| Total remuneration | £39,320 | £56,531 | £76,235 |
The above analysis relates to the pay ratio as calculated to show the CEO to median UK employee pay ratio. The CEO pay ratio has been calculated to show the remuneration of the CEO Michael Speakman, who has been CEO on a permanent basis for the full financial year. Due to the timing of bonus payouts for the 2021 performance year, we have used the bonus payout for 2021 for the CEO and the bonus payouts for the Executive Directors and employees in the relevant comparator groups as at 31 December 2021, in order to ensure consistency for the bonus payout for the 2021 financial year. The committee will seek to align these bonus payouts in future years to ensure they relate to the same performance year.
The above table provides the percentage change in remuneration in respect of Executive Directors, Chairman and Directors, and compares them with the average percentage increase in each of those components of pay for the UK-based employees of the Group as a whole. The Committee has historically used this comparator metric, as recommended by the Remuneration Code, and has sought to ensure that the pay ratio has remained consistent over time. For 2021, the analysis has been expanded to cover each Executive Director and Non-executive Director and this information will build up to provide a longer-term trend.
| % change 2020/21 | % change 2019/20 | ||
|---|---|---|---|
| % change in salary or fees | % change LQ BENEFITS | % change in annual bonus | |
| Executive Directors | |||
| Michael Speakman 1 | 1.3 | -3.7 | -4.9 |
| David Burke 1 | 65.7 | 600.0 | 665.8 |
| Chairman and Non-executive Directors | |||
| Peter Hill 2 | 1.5 | 3.3 | 3.3 |
| Kate Rock 2 | 4.7 | 3.3 | 3.3 |
| Paula Bell 2 | 4.5 | 3.3 | 3.3 |
| Eva Lindqvist 2 | 4.5 | 3.3 | 3.3 |
| Nancy Tuor Moore 2 | -27.7 | 3.3 | 3.3 |
| Paul Withers 3 | n/a | n/a | n/a |
| Keller Group plc employees 4,5 | 8.6 | 21.7 | 26.7 |
The above percentage change in remuneration in respect of Directors compares them with the median UK employee pay ratio. The above analysis includes a 2021 bonus payout to all employees and the relevant FY21 bonus payout to Directors. The Committee intends to continue to monitor director and employee pay over time to ensure it remains competitive and aligned with remuneration policy.
Paul Withers retired in June 2020.
The above data for FY21 and FY20 is consistent with the relevant remuneration disclosures for the Executive Directors and compares them with the median UK employee pay ratio.
The above data for FY21 and FY20 is consistent with the relevant remuneration disclosures for the Executive Directors and compares them with the median UK employee pay ratio.
The above remuneration disclosures reflect the committee's pay ratio for 2021 in comparison with 2020. The committee has sought to ensure that its disclosure is in line with The Companies (Miscellaneous Reporting) Regulations 2018.
The above table provides details of Group spend on remuneration (£m) and total distributions to shareholders for the year ended 31 December 2021, along with the percentage changes.
| 2021 £m | 2020 £m | % change | |
|---|---|---|---|
| Distribution to shareholders 1 | 15.9 | 25.9 | 0% |
| Remuneration paid to all employees 2 | 575.7 | 572.4 | 1.5% |
The above Directors’ remuneration reflects a prudent approach in remuneration paid to employees.
Overall, the Committee considers that the Remuneration Policy has operated as it intended during 2021, with no deviations. A summary of how the Committee intends the policy to be operated during 2022 can be found in the remaining pages of this report.
The Committee notes that Directors’ remuneration has been subject to Keller’s annual salary review process, resulting in the following increases for 2022, in line with the annual pay review for the majority of employees, except where noted. The Executive Directors received salary increases below this amount for 2022.
Benefits for 2022 will continue to reflect the company’s core benefits package and do not anticipate any material changes.
Pension contributions for Michael Speakman and David Burke have been set at 7% of base salary in line with the rate provided to the majority of the workforce in the UK and on a weighted average basis around Keller’s most populous locations.
For 2022, 50% of Executive Director annual bonus opportunity will be linked to Keller’s remuneration targets and 50% will be linked to operational targets, and a cash-based target, a more operational measure. Targets for each measure are challenging but realistic and have been set in the context of the business plan. Targets will be disclosed retrospectively in the 2022 Annual remuneration report to the extent that they are no longer considered commercially sensitive. 25% of any bonus earned will be deferred into company shares for two years.
The 2022–24 PSP performance conditions will be assessed over three years based on the following measures: relative TSR (25% weight), cumulative EPS (25% weight) and Return on Capital Employed (ROCE) (25% weight) and long-term incentive (25% weight). These measures are aligned with Keller’s strategic priorities.
Vesting of the PSP awards will be on a sliding scale based on performance against the comparator group, and in respect of the ROCE and long-term incentive measures, a threshold vesting (resulting in 25% of that portion of the award vesting) will be for median performance against the comparator group; maximum vesting for upper quartile performance (or above) against the comparator group. Straight-line vesting between these points.
Cumulative EPS of 400p over the three-year period will enable full vesting of this performance condition, with a threshold vesting of 25% if 330p is achieved; with straight line vesting between these points.
ROCE will be measured on an average basis over the three-year performance period, with a threshold level of performance of 12% (leading to 25% of that portion of the award vesting) and a maximum of 18% straight-line vesting between these points.
Long-term incentive will be measured by reference to a peer group of companies (comprising 20% FTSE 250 companies and 80% companies similar to Keller) and a target of 6.5% straight-line vesting between these points. These targets have been carefully assessed and the Committee considers them to be appropriately stretching, given the company’s business plans, opportunity set and investor expectations.# Keller Group plc Annual Report and Accounts 2021
| Vesting schedule | % of award that will vest | 0% | 25% | 100% |
|---|---|---|---|---|
| 25% weight | Cumulative EPS over three years | Below 330p | 330p | 400p |
| 25% weight | Keller’s relative TSR performance vs FTSE 250 Index over three years | Below median | Median | Upper quartile |
| 25% weight | Average ROCE over three years | Below 12% | 12% | 18% |
| 25% weight | Øóèõä÷ìñêóõòĤ÷ðäõêìñìñüèäõ÷ëõèè | Below 5.5% | 5.5% | 6.5% |
Ýòõèĥèæ÷÷ëèìðóäæ÷òéäñüæëäñêèöìñÒÏÛÜäææòøñ÷ìñêö÷äñçäõçö÷ëèÌòððì÷÷èèúìïïæòñöìçèõäçíøö÷ìñêĤñäñæìäï÷äõêè÷öäóóõòóõìä÷èïüéòõäïïöøåöìö÷ìñêÙÜÙöèñöøõìñê÷ëä÷÷ëèüäõèñò÷ðä÷èõìäïïüèäöìèõòõharder to satisfy than the original targets. Any amended targets determined by the Committee will be disclosed to shareholders in the next Directors’ remuneration report.
1 EPS is before non-underlying items on an IFRS 16 basis.
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The Chairman’s fee was increased by 3%.
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| Non-executive Director | 2021 £ | 2020 £ | |
|---|---|---|---|
| Peter Hill | 200,000 | 195,000 | |
| Eva Lindqvist 1 | 63,000 | 62,000 | |
| Nancy Tuor Moore 2 | 65,500 | 71,063 | |
| Paula Bell 3 | 63,000 | 62,000 | |
| Kate Rock 4 | 73,000 | 72,000 | |
| Paul Withers 5 | – | 26,000 | |
| Total fees | 464,500 | 488,063 |
1 Eva Lindqvist receives additional fees of £10,000 per annum as Chair of the Remuneration Committee.
2 Nancy Tuor Moore receives additional fees of £10,000 as Chair of the Environment Committee and £10,000 for international travel. The fee for international travel was reinstated in October 2021.
3 Paula Bell receives additional fees of £10,000 as Chair of the Audit and Risk Committee.
4 Kate Rock receives additional fees of £20,000 as Senior Independent Director and Chair of the Social and Community Committee.
5 Paul Withers retired from the Board on 30 June 2020.
The following table sets out the results of the vote on the Remuneration report and the Remuneration Policy at the 2021 AGM:
| Votes for | Votes against | Votes cast | Number | Votes withheld | Number | |
|---|---|---|---|---|---|---|
| Number | % | Number | % | |||
| Remuneration report | 54,820,261 | 91.15% | 5,324,060 | 8.85% | 60,144,321 | 470,165 |
| Remuneration Policy | 54,665,416 | 90.20% | 5,942,286 | 9.80% | 60,607,702 | 6,784 |
Keller Group plc Annual Report and Accounts 2021 Governance 110
The following Directors were members of the Remuneration Committee when matters relating to the Directors’ remuneration for 2022 were being considered:
During the year, the Committee received assistance from Kerry Porritt (Group Company Secretary and Legal Advisor) and Graeme Cook (Group People
*Íìõèæ÷òõ¥òñöäïäõüìñæõèäöèöåòñøöäúäõçööëäõèóïäñäúäõçöäñçùèö÷ìñêäñçóòïìæüäñçêòùèõñäñæèðä÷÷èõöÍäùìçËøõîè¤ÌëìèéÏìñäñæìäïØĦæèõ¥óõèöèñ÷èçìñéòõðä÷ìòñúì÷ëõèêäõç÷ò" "!Ĥñäñæìäïóèõéòõðäñæèäñç" ""åøçêè÷äñç÷ëè÷ëõèè¡üèäõóïäñéòõ" ""¢"$Òñçè÷èõðìñìñê÷ëèÎûèæø÷ìùèDirectors’ remuneration for 2021 and 2022, the Committee has consulted the Chairman and the CEO about its proposals, except (in the case of the CEO) in relation to their own remuneration. No Director is involved in determining their own remuneration.
*×òðèðåèõòé÷ëèÌòððì÷÷èèëäöäñüóèõöòñäïĤñäñæìäïìñ÷èõèö÷¤ò÷ëèõ÷ëäñäöäöëäõèëòïçèõ¥æòñĥìæ÷òéìñ÷èõèö÷äõìöìñêéõòðæõòöö¡çìõèæ÷òõöëìóöòõçäü¡÷ò¡çäüìñùòïùèðèñ÷ìñõøññìñê÷ëèåøöìñèööÐìùèñ÷ëèìõçìùèõöèåäæîêõòøñçö÷ëèËòäõçåèïìèùèö÷ëä÷÷ëèðèðåèõöòé÷ëèÌòððì÷÷èèäõèäåïè÷òòģèõan informed and balanced view on executive remuneration issues.
The Committee’s terms of reference, which were reviewed during the year, are available on the Group’s website (www.keller.com) and on request from the Group Company Secretary and Legal Advisor.
ÝëèÌòððì÷÷èèæòñçøæ÷èçäñèģèæ÷ìùèñèööõèùìèúòé÷ëèåøöìñèööæòùèõèççøõìñê÷ëèüèäõäêäìñö÷ì÷ö÷èõðöòéõèéèõèñæèÒñäççì÷ìòñ÷ëèÌòððì÷÷èèđö performance, and that of its members, was evaluated in an exercise facilitated by Donata Denny, a highly respected Leadership Coach and Professional
Íèùèïòóðèñ÷ÊçùìöòõÝëèÌòððì÷÷èèäñçì÷öðèðåèõöúèõèéòøñç÷òåèòóèõä÷ìñêèģèæ÷ìùèïüÝëèòø÷æòðèòé÷ëìöèûèõæìöèæäñåèéòøñçòñóäêèö("äñç(#
*Íøõìñê÷ëèüèäõ÷ëèÌòððì÷÷èèõèæèìùèçäçùìæèéõòðÍèïòì÷÷èäñìñçèóèñçèñ÷Ĥõðòéõèðøñèõä÷ìòñæòñöøï÷äñ÷öäóóòìñ÷èçåü÷ëèÌòððì÷÷èèäé÷èõæòñöøï÷ä÷ìòñúì÷ë÷ëèËòäõçÝëèÌòððì÷÷èèìööä÷ìöĤèç÷ëä÷Íèïòì÷÷èìöäñçõèðäìñöìñçèóèñçèñ÷òé÷ëèæòðóäñüäñç÷ëä÷÷ëèäçùìæèóõòùìçèçìöìðóäõ÷ìäïand objective. Deloitte is a founding member and signatory of the Code of Conduct for Remuneration Consultants, details of which can be found at www.remunerationconsultantsgroup.com.
Íøõìñê÷ëèüèäõÍèïòì÷÷èäïöòóõòùìçèçäçùìæèìñõèïä÷ìòñ÷ò÷äûæòðóïìäñæèäñçõìöîäçùìöòõüöèõùìæèöÝëèÌòððì÷÷èèìööä÷ìöĤèç÷ëä÷÷ëèóõòùìöìòñòéthese services did not impair Deloitte’s ability to advise the Committee independently. Their total fees for the provision of remuneration services to the Committee for 2021 were £30,250.
ÝëèÌòððì÷÷èèìööä÷ìöĤèç÷ëä÷÷ëèäçùìæè÷ëèüëäùèõèæèìùèçëäöåèèñòåíèæ÷ìùèäñçìñçèóèñçèñ÷
Eva Lindqvist
Chair of the Remuneration Committee
Approved by the Board of Directors and authorised for issue on 7 March 2022.
Keller Group plc Annual Report and Accounts 2021 Governance 111
The results for the year, showing an underlying óõòĤ÷åèéòõè÷äûä÷ìòñòé|(#)ð¤" " |)&)ð¥äõèöè÷òø÷òñóäêèö!"'÷ò!(%Ü÷ä÷ø÷òõüóõòĤ÷ before tax was £71.6m (2020: £63.8m). The Íìõèæ÷òõöõèæòððèñçäĤñäïçìùìçèñçòé"##ó per share to be paid on 1 July 2022, to members on the register at the close of business on 6 June 2022. An interim dividend of 12.6p per share was paid on 10 September 2021. The total dividend for the year of 35.9p (2020: 35.9p) will amount to £25.9m (2020: £25.9m).
Information relating to the going concern and viability statements is set out on page 33 of the Strategic report and is incorporated by reference into this report.
Full details can be found in note 25 to the Ĥñäñæìäïö÷ä÷èðèñ÷öäñçìñ÷ëèÌëìèéÏìñäñæìäïØĦæèõđöõèùìèú
Please see page 174 for post balance öëèè÷èùèñ÷ö
The Group’s main banking facilities contain provisions that, upon 15 days’ notice being given to the Group, lenders may exercise their discretion to require immediate repayment of the loans on a change of control and cancel all commitments under the agreement. Certain other commercial agreements, entered into in the normal course of business, include change of control provisions. There are no agreements providing for compensation for the Directors or employees on a change of control.
Apart from transactions between the company, its subsidiaries and joint operations, which are related parties, there have been no related party transactions during the year.
The names of all persons who, at any time during the year, were Directors of the company can be found on pages 70 and 71. The interests of the *Íìõèæ÷òõöëòïçìñêòĦæèä÷÷ëèèñçòé÷ëèüèäõìñthe issued ordinary share capital of the company and any interests in its Performance Share Plan are given in the Directors’ remuneration report on pages 105 and 106. No Director had a material interest in any öìêñìĤæäñ÷æòñ÷õäæ÷ò÷ëèõ÷ëäñäöèõùìæè contract or a contract for services, with the company or any of its operating companies during the year. The company’s Articles of Association indemnify the Directors out of the assets of the company in ÷ëèèùèñ÷÷ëä÷÷ëèüöøģèõäñüïòööòõïìäåìïì÷üìñ the execution of their duties as Directors, subject to the provisions of the 2006 Act. The company ðäìñ÷äìñöìñöøõäñæèéòõÍìõèæ÷òõöäñçØĦæèõöìñ respect of liabilities which could arise in the discharge of their duties.
The business of the company is overseen by the Board, which may exercise all the powers of the company subject to the provisions of the company’s Articles of Association, the 2006 Act and any ordinary resolution of the company.
*ÜóèæìĤæ÷õèä÷ðèñ÷òéÍìõèæ÷òõöđóòúèõöregarding allotment and repurchase of shares is provided under separate headings in the following pages.
Kerry Porritt
Group Company Secretary and Legal Advisor
The Directors present their report ZLWKWKHDXGLWHGFRQVROLGDWHGƬQDQFLDO statements for the year ended |'HFHPEHU This report is required to be produced by law. 7KH'LVFORVXUH*XLGDQFHDQG7UDQVSDUHQF\ Rules and the Listing Rules also require us to PDNHFHUWDLQGLVFORVXUHV
The Corporate governance statement, LQFOXGLQJWKH$XGLWDQG5LVN&RPPLWWHH report, forms part of this Directors’ report and is incorporated by reference. Disclosures elsewhere in the Annual Report and $FFRXQWVDUHFURVVUHIHUHQFHGZKHUH DSSURSULDWH7DNHQWRJHWKHUWKH6WUDWHJLF report on pages 1 to 67 and this Directors’ UHSRUWIXOƬOWKHUHTXLUHPHQWRI'LVFORVXUH *XLGDQFHDQG7UDQVSDUHQF\5XOH5WR provide a Management report.# Keller Group plc Annual Report and Accounts 2021 Governance
Any amendments to the company’s Articles of Association may be made in accordance with the provisions of the 2006 Act by way of special resolution. The company’s Articles of Association were last amended in May 2017.
Directors shall be no fewer than two and no more than 12 in number. Subject to applicable law, a Director may be appointed by an ordinary resolution of shareholders in a general meeting following nomination by the Board or a member (or members) entitled to vote at such a meeting, or following retirement by rotation if the Director chooses to seek re-election at a general meeting. In addition, the Directors may appoint a Director, provided that the individual retires at the next AGM. A Director may be removed by the company as provided for by applicable law, in certain circumstances set out in the company’s Articles of Association (for example bankruptcy, or resignation), or by a special resolution of the company. All Directors stand for re-election on an annual basis, in line with the recommendations of the Code.
The Group employed approximately 10,000 people at the end of the year.
The Group gives full and fair consideration to applications for employment made by disabled persons, having regard for their respective aptitudes and abilities. The policy includes, where practicable, the continued employment of those who become disabled during their employment and the provision of training and career development and promotion, where appropriate. Information on the Group’s approach to employee involvement, equal opportunities and health, safety and the environment can be found in the ESG and sustainability section of this report on pages 53 to 63.
The Directors considered the needs of the company’s stakeholders as part of their decision-making process. Details are set out in our section 172 statement on pages 76 and 77.
No political donations were made during the year. Keller has an established policy of not making donations to any political party, representative or candidate in any part of the world.
Information relating to the greenhouse gas emissions of the company is set out on page 48 and is incorporated by reference into this report.
The Group continues to have in-house design, development and manufacturing facilities, where employees work closely with site engineers to solve problems of ground conditions and behaviour. Most of the specialised ground improvement equipment used in the business is designed and built in-house and, where applicable, the development costs are included in the cost of the equipment.
Details of the share capital, together with details of the movements in the company’s issued share capital during the year, are shown in note 27 to the financial statements. The company has one class of ordinary shares which is listed on the London Stock Exchange (ordinary shares). On conversion, all shares carry the right to a preferential dividend income and each ordinary share carries the right to one vote at general meetings of the company.
There are no restrictions on the size of a shareholding, nor on the transfer of shares, which are both governed by the Articles of Association and the prevailing law. The Directors are not aware of any agreements between shareholders that may result in restrictions on voting rights and the transfer of securities. No person has any special rights of control over the company’s share capital and all issued shares are fully paid. Details of employee share plans are set out in note 31 to the financial statements. Treasury shares and shares held by the Employee Share Ownership Trust are not voted.
The company obtained shareholder authority at the last AGM (19 May 2021) to buy back up to 7,221,000 ordinary shares. The authority remains outstanding until the conclusion of the 2022 AGM but could be varied or withdrawn by agreement of shareholders at an intervening general meeting. The minimum price which must be paid for each ordinary share is its nominal value and the maximum price is the higher of an amount equal to not more than 5% above the average of the middle market quotations for an ordinary share, as derived from the London Stock Exchange for the five days immediately before the purchase is made, and an amount equal to the higher of the price of the last independent trade of an ordinary share and the highest current independent bid for an ordinary share on the trading venue where the purchase is carried out. The Directors have not used, and have no current plans to use, this authority.
Shareholder authority was also given at the last AGM for the Directors to allot new shares up to a nominal amount of £2,407,000, equivalent to approximately one-third of the company’s issued share capital (excluding treasury shares) as at 9 March 2021 and to disapply pre-emption rights up to an aggregate nominal amount of £361,050, representing approximately 5% of the company’s issued share capital as at 9 March 2021. The Directors have not used, and have no current plans to use, these authorities.
The Board, upon the recommendation of the Audit and Risk Committee, has decided that Ernst & Young LLP (EY) will be proposed as the Group’s auditors for the year ending 31 December 2022 and a resolution to appoint EY will be put to shareholders at the 2022 AGM.
The full details of the 2022 AGM, which will take place on 18 May 2022, are set out in the Notice of Meeting, together with the full wording of the resolutions to be tabled at the meeting. We continue to closely monitor health and safety guidance and any changes to venue and logistics in order to ensure the safety of our shareholders. Any changes will be announced via a RNS Exchange announcement.
Keller Group plc Annual Report and Accounts 2021 Governance 113
The purpose of this Annual Report and Accounts is to provide information to the members of the company, as a body, and no other persons. The company, its Directors and employees, agents or advisers do not accept or assume responsibility to any other person to whom this document is shown or into whose hands it may come and any such responsibility or liability is expressly disclaimed. The Annual Report and Accounts contains certain forward-looking statements with respect to the financial condition, results of operations and business of the Group. By their nature, these statements involve uncertainty since future events and circumstances can cause results and conditions to differ materially from those anticipated. The forward-looking statements herein reflect only the date of preparation of this Annual Report and Accounts and the Directors do not undertake any obligation to update or revise any forward-looking statements. Nothing in this Annual Report and Accounts constitutes investment advice.
The Directors undertook to ensure that the company has an appropriate system of internal controls in place, in accordance with the provisions of section 418 of the 2006 Act, so far as they are each aware, there is no relevant audit information of which the company’s auditors are unaware; and each Director has taken all the steps that he or she ought to have taken as a Director to make him or herself aware of any relevant audit information and to establish that the company’s auditors are aware of that information.
Kerry Porritt
Group Company Secretary and Legal Advisor
Approved by the Board of Directors and authorised for issue on 7 March 2022.
2 Kingdom Street
London W2 6BD
Registered in England No. 2442580
As at 9 March 2021, the Directors have arrangements in place in respect of disclosure of interests in the company’s share capital in accordance with the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority of the voting rights of shareholders in the company as per the table below:
| Ordinary shares | Number of ordinary shares | Percentage of the total voting rights |
|---|---|---|
| Schroders plc | 7,264,752 | 10.046% |
| Old Mutual Plc | 4,242,670 | 5.96% |
| FIL Limited | 3,881,863 | 5.37% |
| Aberforth Partners LLP | 3,589,696 | 5% |
| Franklin Templeton Institutional, LLC | 3,557,757 | 4.96% |
| Artemis Investment Management LLP | 3,561,152 | 4.94% |
| Standard Life Aberdeen plc | 3,443,366 | 4.78% |
| BlackRock Inc. | 3,327,404 | 4.6% |
| Norges Bank | 2,676,017 | 3.71% |
*These figures are based on information received from the shareholders listed above.
Keller Group plc Annual Report and Accounts 2021 Governance 114
The Directors are responsible for preparing the Annual Report and the Group and company financial statements in accordance with applicable law and regulations. Company law requires the Directors to prepare Group and company financial statements in accordance with International Accounting Standards in conformity with the requirements of the Companies Act 2006, and the Group financial statements in accordance with UK Accounting Standards, including FRS 101 Reduced Disclosure Framework. Under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, Group financial statements are required to be prepared in accordance with UK-adopted International Accounting Standards.# Statement of Directors' Responsibilities
Under company law the Directors must not, without the approval of the members, accept from themselves any arrangement under which the Directors’ remuneration or that of the partner of any of them, is to be determined by the purchasers of any part of the company’s shares or by the company itself. The Directors are required to:
• select suitable accounting policies and then apply them consistently;
• make judgements and estimates that are reasonable and prudent;
• ensure that the financial statements give a true and fair view of the company’s and the Group’s financial position and of the profit or loss of the company and the Group for the financial year;
• ensure that the financial statements are prepared in accordance with UK-adopted International Accounting Standards in conformity with the requirements of the Companies Act 2006;
• state whether the applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the company financial statements;
• assess the Group and company’s ability to continue as a going concern, disclosing, as applicable, matters relating to going concern; and
• use the going concern basis of accounting unless they either intend to liquidate the Group or the company or to cease operations, or have no realistic alternative but to do so.
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that its financial statements comply with the requirements of the Companies Act 2006. They are responsible for such internal control as they determine is necessary to enable the financial statements of the Group to be free from material misstatement, whether due to fraud or error, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Group and to prevent and detect fraud and other irregularities.
Under applicable law and regulations, the Directors are also responsible for preparing a Strategic report, a Directors’ report, a Directors’ remuneration report and a Corporate governance statement that comply with that law and those regulations. The Directors are responsible for the maintenance and integrity of the corporate and financial information included on the company’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Responsibility statement of the Directors in respect of the Annual Report and the Financial Statements
are satisfied that in theirF conduct of the Annual Reports and Financial Statements, the Directors are required to:
• the financial statements, are in accordance with the applicable set of accounting standards, give a true and fair view of the company’s, the parent company’s, financial position and of the profit or loss of the company and the Group for the financial period, and of the Group and the undertakings included in the consolidation as a whole; and
• the Strategic report and the Directors’ report, including content contained by reference, includes a fair review of the development and performance of the business and the position and performance of the company and the undertakings included in the consolidation taken as a whole, together with a description of the principal risks and uncertainties that they face.
The Directors are responsible for the preparation and the fair, balanced and understandable and provide the information necessary for shareholders to assess the Group’s position and performance, business model and strategy.
The Strategic report (pages 1 to 67) and the Directors’ report (pages 112 to 114) have been approved by the Board of Directors and authorised for issue on the date shown below.
Kerry Porritt
Group Company Secretary and Legal Advisor
7 March 2022
Registered Office:
2 Kingdom Street
London W2 6BD
Registered in England No. 2442580
Keller Group plc
Annual Report and Accounts 2021
Governance 115
In our opinion:
• The Parent Company Financial Statements and the consolidated Financial Statements – the Group Financial Statements: give a true and fair view of the state of the Parent Company’s and the Group’s affairs as at 31 December 2021 and of the Parent Company’s and the Group’s loss for the year then ended;
• the Group Financial Statements have been properly prepared in accordance with IFRS as adopted by the UK;
• the consolidated Financial Statements have been properly prepared in accordance with UK-adopted International Accounting Standards in conformity with the requirements of the Companies Act 2006; and
• the consolidated Financial Statements have been properly prepared in accordance with the requirements of Article 4 of the EU Regulation No 1606/2002 as it applies as at 31 December 2021.
We also have prepared the consolidated Financial Statements in accordance with the requirements of the Companies Act 2006.
We have been engaged to report on the consolidated Financial Statements. Our opinion on the consolidated Financial Statements is modified because, in our opinion, the Parent Company Financial Statements do not give a true and fair view of the Parent Company’s financial position and of its loss for the year then ended.
| # Keller Group plc
| Revenue | Total assets | Profit before tax | |
|---|---|---|---|
| 3URƬWEHIRUHWD[ | 72% | ||
| Ø÷ëèõóõòæèçøõèö | 6% | 9% | 12% |
| ÜóèæìĤæöæòóèæòðóòñèñ÷ö | 22% | 21% | 19% |
The audit of Keller Group plc and its subsidiaries included reviewing the audit of specific subsidiaries’ financial information and their respective group audit teams. This approach is designed to focus audit effort on the areas of most significance to the Group. The approach is determined by considering the scale of the Group and the nature of the Group’s business and its consolidated financial statements. The focus is on the Group’s significant accounting estimates and related disclosures, the controls in place over the Group and subsidiaries’ financial reporting, and the overall presentation of the Group financial statements, with particular attention to the financial statements of entities within the Group that have been subject to audit by the relevant component audit teams.
When considering the scope of the audit of the financial statements of Keller Group plc, we have placed reliance on the work performed by component audit teams in respect of the €77.8m group audits. Where component audit teams have performed significant audit work, they have issued their audit reports in respect of the relevant entity, as agreed by Keller Group plc, such as Grant Thornton UK LLP, BDO UK LLP and KPMG LLP, where they have over-relied on the work of the component audit teams.
We have performed audit work on the €32m of group audits, but the auditor’s have focused on the Keller Group plc’s audit of the significant accounting estimate of €32m, with 25% and 10% of the Keller Group plc’s profit before tax and total assets respectively, with all other performance related amounts calculated at 15% of materiality. The significant audit of the Group’s profit before tax of €32m was based on the Keller Group plc’s significant accounting estimates, with audit work performed by component audit teams in respect of the €32m of group audits, and all other performance related amounts calculated at 15% of materiality. The significant audit of the Group’s profit before tax of €32m was based on the Keller Group plc’s significant accounting estimates, with audit work performed by component audit teams in respect of the €32m of group audits, and all other performance related amounts calculated at 15% of materiality.
The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1m of group audits. The auditor’s have placed significant reliance on component audit teams in respect of the €22.1# Keller Group plc 2021 Annual Report and Accounts
to the members of Keller Group plc
Keller Group plc
Annual Report and Accounts 2021
The Group’s significant accounting policies are set out in Note 1 (pages 131 to 137) and Note 2 (pages 138 to 140) of the consolidated financial statements (pages 142 and 143). The Group’s financial statements are prepared in accordance with IFRS.
Climate change
The Group have experienced and continue to expect impacts from climate change on its operations, in part driven by the need to address increasing sustainability regulations and the focus on decarbonising its operations. The Group has a clear strategy for the reduction of its carbon footprint and is committed to transitioning to a low-carbon economy and has already implemented a number of initiatives to reduce its environmental impact. The Group’s approach is to integrate climate change considerations into its business strategy and decision-making processes, with the objective of ensuring its continued success in a changing world. The Group’s significant accounting policies and notes to the financial statements relevant to this disclosure are found in Note 10 (pages 156 to 158) and Note 14 (pages 160 to 162) respectively.
The Group's approach to the TCFD is to align with the four core TCFD recommendations and disclosures: Governance, Strategy, Risk Management, and Metrics and Targets. The Group has therefore integrated climate change considerations into its governance structures, strategy, risk management processes and its metrics and targets. The Group seeks to ensure that climate change considerations are integrated into its strategic planning and capital allocation processes, with a view to identifying and assessing the potential impacts of climate change risks and opportunities on its business and financial performance. These considerations are embedded within the Group’s existing risk management framework, with the objective of ensuring that the Group is resilient and well-positioned to respond to the challenges and opportunities presented by climate change.
The Group’s sustainability performance is disclosed in its annual sustainability report, which is incorporated by reference into this report. The TCFD disclosures will be updated annually and integrated into the Group’s sustainability reporting framework.
The Group recognises the importance of disclosing information about its climate-related risks and opportunities and has committed to aligning its disclosures with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
Refer to the Audit and Risk Committee report (page 92); accounting policies (page 136) and Note 7 of the consolidated financial statements (pages 142 and 143)
The Group’s revenue recognition policies are appropriate for its contracts with customers. Revenue is recognised when control of the goods or services is transferred to the customer. The Group has assessed its contracts and revenue recognition policies to ensure that they comply with IFRS 15. The Group has a robust control environment in place to ensure the accurate recognition of revenue, and this is subject to internal and external audit.
The Group’s key revenue recognition policies relate to the timing of transfer of control, which is typically at a point in time or over time. For contracts where control transfers over time, revenue is recognised using either the input method or the output method, depending on which best reflects the transfer of control. For contracts where control transfers at a point in time, revenue is recognised when the customer obtains control of the goods or services.
The Group’s key audit matters related to revenue recognition focus on the appropriate application of IFRS 15, particularly in relation to:
* The identification of performance obligations in contracts;
* The determination of the transaction price;
* The allocation of the transaction price to performance obligations; and
* The timing of recognition of revenue, which is typically at a point in time or over time.
The Group’s revenue policies require significant judgement and estimation, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
to the members of Keller Group plc
Keller Group plc
Annual Report and Accounts 2021
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The identification of distinct performance obligations in contracts;
* The estimation of variable consideration; and
* The allocation of the transaction price to performance obligations.
The Group’s revenue recognition policies are aligned with IFRS 15. The Group has implemented robust processes and controls to ensure the accurate recognition of revenue. The Group’s significant accounting policies and notes to the financial statements relevant to this disclosure are found in Note 7 (pages 142 and 143).
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of the stage of completion for long-term contracts;
* The estimation of variable consideration; and
* The identification of contract modifications.
The Group’s auditors have performed audit procedures to assess the appropriateness of the Group’s revenue recognition policies and the application of IFRS 15. The Group has a robust internal control framework to ensure the accuracy of its revenue recognition.
The Group’s revenue policies give rise to a number of judgement areas, particularly in relation to:
* The determination of# Keller Group plc
Consolidated Statement of Comprehensive Income
| # Independent Auditor's Report
We apply materiality to guide our work in planning and performing our audit, in assessing the impact of identified misstatements and in evaluating the overall presentation of the financial statements. Materiality provides a basis for determining the nature and extent of our audit procedures.
Materiality
The magnitude of an omission or misstatement that, individually or in the aggregate, could reasonably be expected to influence the economic decisions of the users of the financial statements. Materiality provides a basis for determining the nature and extent of our audit procedures.
We have applied the following benchmarks in assessing materiality: 5% of profit before tax (PBT) of £71.6m, which equates to £3.6m; and 5% of revenue of £83.9m, which equates to £4.2m. Our application of materiality is a matter of professional judgment and, when assessing the nature and extent of our audit procedures, we consider both quantitative and qualitative factors.
We have applied the following benchmarks in assessing materiality: 2% of revenue of £83.9m, which equates to £1.7m.
Revenue materiality is set at an amount to reduce to an appropriately low level the probability that the aggregate of uncorrected and undetected misstatements exceeds materiality.
In the year under review, the Group has significant continuing operations and a number of acquisitions were made. The application of materiality guides our audit of the Keller Group plc annual financial statements.
We have applied the following benchmarks in assessing materiality: 1% of revenue of £83.9m, which equates to £0.84m.
The application of materiality at the individual account or balance level. It is set at an amount to reduce to an appropriately low level the probability that the aggregate of uncorrected and undetected misstatements exceeds materiality.
In the year under review, our planning materiality was set at £7.1m (5% of PBT), with a performance materiality of £5.3m (75% of planning materiality). Revenue materiality was £3.4m (4% of revenue). Our application of performance materiality is appropriate for the Group’s income statement before tax, considering the acquired businesses. The effect of performance materiality is to ensure that for the Group's interim financial statements, the interim audit is effectively completed, enabling us to obtain reasonable assurance that the interim financial statements are free from material misstatement.
An amount below which identified misstatements are considered as being clearly trivial.
The areas of the Group and Audit and Remuneration Committee that that the firm proposed to Audit Committee in terms of materiality, which are considered to be to £3.6m (5% of profit before tax), and which the firm considered to be the trivial amount, where no further work would be performed by the firm in this regard, unless it was a qualitative factor.
The auditor's report of the Independent Auditor’s Report to the members of Keller Group plc includes:
The Directors' Report includes: a statement of the Directors’ responsibilities in relation to the financial statements and a statement of corporate governance. The Directors are responsible for the preparation of the financial statements and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the Group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or to cease trading, or have no realistic alternative but to do so.
The directors are responsible for evaluating the overall presentation of the financial statements, they have fulfilled their responsibilities in this regard and have ensured that the Group’s financial statements are presented in accordance with generally accepted accounting practice.
The auditor's report to the members of Keller Group plc includes:
In our opinion:
In relation to our audit of the financial statements, we have nothing to report in relation to:
our opinion on the directors' remuneration report and the directors' report’s approval of the directors' remuneration report are consistent.
We have nothing to report in relation to:
The Directors are responsible for the preparation of the Group's Directors' Remuneration Committee Remuneration Report in accordance with the Companies Act 2006. The Directors are responsible for preparing the financial statements of the Group and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Directors are responsible for assessing the Group's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Group or to cease trading, or have no realistic alternative but to do so.
In our opinion:
In accordance with our responsibilities for the Independent Auditor’s Remuneration Report, we report that in our opinion the Directors' Remuneration Report has been prepared in accordance with the Companies Act 2006 and that the Directors' Remuneration Report is consistent with the financial statements, and has been prepared in accordance with the Companies Act 2006. In preparing the Directors' Remuneration Report, the Directors are responsible for assessing the Group's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Group or to cease trading, or have no realistic alternative but to do so.
In preparing the Directors' Remuneration Report, the Directors are responsible for assessing the Group's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Group or to cease trading, or have no realistic alternative but to do so.
In preparing the Directors' Remuneration Report, the Directors are responsible for assessing the Group's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Group or to cease trading, or have no realistic alternative but to do so.
Êéøõ÷ëèõçèöæõìó÷ìòñòéòøõõèöóòñöìåìïì÷ìèöéòõ÷ëèäøçì÷òé÷ëèĤñäñæìäïö÷ä÷èðèñ÷öìöïòæä÷èçòñ÷ëèÏìñäñæìäïÛèóòõ÷ìñêÌòøñæìïđöúèåöì÷èä÷ë÷÷óö¦¦úúúéõæòõêøî¦äøçì÷òõöõèöóòñöìåìïì÷ìèöÝëìöçèöæõìó÷ìòñéòõðöóäõ÷òéòøõäøçì÷òõđöõèóòõ÷
Ýëèõèóòõ÷ìöðäçèöòïèïü÷ò÷ëèæòðóäñüđöðèðåèõöäöäåòçüìñäææòõçäñæèúì÷ëÌëäó÷èõ#òéÙäõ÷!&òé÷ëèÌòðóäñìèöÊæ÷" &Øøõäøçì÷úòõîëäöåèèñøñçèõ÷äîèñöò÷ëä÷úèðìêë÷ö÷ä÷è÷ò÷ëèæòðóäñüđöðèðåèõö÷ëòöèðä÷÷èõöúèäõèõèôøìõèç÷òö÷ä÷è÷ò÷ëèðìñäñäøçì÷òõđöõèóòõ÷äñçéòõñòò÷ëèõóøõóòöèÝò÷ëèéøïïèö÷èû÷èñ÷óèõðì÷÷èçåüïäúúèçòñò÷äææèó÷òõäööøðèõèöóòñöìåìïì÷ü÷òäñüòñèò÷ëèõ÷ëäñ÷ëèæòðóäñüäñç÷ëèæòðóäñüđöðèðåèõöäöäåòçüéòõòøõäøçì÷úòõîéòõ÷ëìöõèóòõ÷òõéòõ÷ëèòóìñìòñöúèëäùèéòõðèç
for and on behalf of Ernst & Young LLP, Statutory Auditor
Ïòõ÷ëèüèäõèñçèç#!Íèæèðåèõ" "!
| Note | 2021 £m | Underlying | Non-underlying items (note 8) £m | Statutory £m | 2020 £m | Underlying | Non-underlying items (note 8) £m | Statutory £m |
|---|---|---|---|---|---|---|---|---|
| 2,224.4 | – | 2,224.4 | 2,062.5 | – | 2,062.5 | |||
| (2,132.0) | (9.6) | (2,141.6) | (1,953.2) | (29.6) | (1,982.8) | |||
| (2.8) | – | (2.8) | (4.2) | – | (4.2) | |||
| 0.7 | – | 0.7 | 0.7 | – | 0.7 | |||
| (0.6) | – | (0.6) | (0.2) | – | (0.2) | |||
| 392.8 | (12.3) | 80.5 | 110.1 | (33.1) | 77.0 | |||
| 90.4 | 1.1 | |||||||
| (9.3) | – | (9.3) | (14.3) | – | (14.3) | |||
| 83.9 | (12.3) | 71.6 | 96.9 | (33.1) | 63.8 | |||
| (20.1) | 10.6 | (9.5) | (28.3) | 5.6 | (22.7) | |||
| 63.8 | (1.7) | 62.1 | 68.6 | (27.5) | 41.1 | |||
| 63.8 | (1.7) | 62.1 | 68.6 | (27.5) | 41.1 | |||
| (0.9) | – | (0.9) | (1.4) | – | (1.4) | |||
| 63.8 | (1.7) | 62.1 | 68.6 | (27.5) | 41.1 | |||
| 89.5p | 87.1p | 97.1p | ||||||
| 88.4p | 86.1p | 96.3p | ||||||
| Revenue | ||||||||
| Operating costs | ||||||||
| Amortisation of acquired intangible assets | ||||||||
| Other operating income | ||||||||
| Share of post-tax results of joint ventures | ||||||||
| Operating profit/(loss) | ||||||||
| Finance income | ||||||||
| Finance costs | ||||||||
| Profit/(loss) before taxation | ||||||||
| Taxation | ||||||||
| Profit/(loss) for the year | ||||||||
| Attributable to: | ||||||||
| Equity holders of the parent | ||||||||
| Non-controlling interests | ||||||||
| Earnings per share | ||||||||
| Basic | ||||||||
| Diluted |
Ïòõ÷ëèüèäõèñçèç#!Íèæèðåèõ" "!
| Note | 2021 £m | 2020 £m |
|---|---|---|
| Profit for the year | 62.1 | 41.1 |
| Other comprehensive income | ||
| Items that may be reclassified subsequently to profit or loss: | ||
| Exchange movements on translation of foreign operations | (4.3) | (5.9) |
| Transfer of translation reserve on disposal of subsidiaries | (0.4) | 2.9 |
| Cash flow hedge gains taken to equity | 1.2 | – |
| Cash flow hedge transferred to income statement | – | – |
| Items that will not be reclassified subsequently to profit or loss: | ||
| Remeasurements of defined benefit pension schemes | (0.2) | 0.5 |
| Tax on remeasurements of defined benefit pension schemes | – | (0.5) |
| Other comprehensive loss for the year, net of tax | (3.7) | (4.8) |
| Total comprehensive income for the year | 58.4 | 36.3 |
| Attributable to: | ||
| Equity holders of the parent | 59.3 | 37.9 |
| Non-controlling interests | (0.9) | (1.6) |
| 58.4 | 36.3 |
Êöä÷#!Íèæèðåèõ" "!
! Ø÷ëèõäööè÷ö÷õäçèäñçò÷ëèõõèæèìùäåïèöäñçóõòùìöìòñöóõèöèñ÷èçëèõèçòñò÷æòõõèöóòñç÷ò÷ëèóøåïìöëèç" " æòñöòïìçä÷èçĤñäñæìäïö÷ä÷èðèñ÷öÝëèæòðóäõä÷ìùèåäïäñæèöëèè÷ëäöåèèñõèö÷ä÷èç÷òóõèöèñ÷êõòööìñöøõäñæèóõòùìçèõöúì÷ëäöèóäõä÷èõèìðåøõöèðèñ÷äööè÷õèæòêñìöèçéòõäðòøñ÷öõèæòêñìöèçéõòðìñöøõäñæèóõòùìçèõöäñçæøö÷òðèõõè÷èñ÷ìòñöõèæèìùäåïèìñðòõè÷ëäñòñèüèäõ÷ò ò÷ëèõñòñ¡æøõõèñ÷äööè÷öäöòø÷ïìñèçìññò÷è"÷ò÷ëèĤñäñæìäïö÷ä÷èðèñ÷öÝëèöèæòñöòïìçä÷èçĤñäñæìäïö÷ä÷èðèñ÷öúèõèäóóõòùèçåü÷ëèËòäõçòéÍìõèæ÷òõöäñçäø÷ëòõìöèçéòõìööøèòñ'Öäõæë" ""Ýëèüúèõèöìêñèçòñì÷öåèëäïéåü
| Note | 2021 £m | 2020 £m |
|---|---|---|
| Assets | ||
| Non-current assets | ||
| Goodwill and intangible assets | 14 | 141.5 |
| Property, plant and equipment | 15 | 443.4 |
| Investments in joint ventures | 16 | 4.0 |
| Deferred tax assets | 11 | 13.0 |
| Other assets | 17 | 88.5 |
| 690.4 | ||
| Current assets | 18 | 72.1 |
| Inventories | 19 | 592. |
| ## Keller Group plc | ||
| ## Company limited by shares | ||
| ## As at 31 December 2021 |
| Note | 2021 £m | 2020 £m | |
|---|---|---|---|
| Assets | |||
| Non-current assets | |||
| Property, plant and equipment | 14 | 501.9 | 449.5 |
| Intangible assets | 15 | 8.9 | 26.0 |
| Investments in joint ventures | 16 | 2.1 | 4.6 |
| Other non-current assets | 17 | 82.7 | 66.3 |
| Current assets | |||
| Inventories | 18 | 213.4 | 188.7 |
| Trade and other receivables | 19 | 48.7 | 759.1 |
| Current tax assets | 639.1 | 39.1 | |
| Cash and cash equivalents | 20 | 31,449.5 | 1,267.8 |
| Assets held for sale | 21 | ||
| Total assets | 3 | 1,449.5 | 1,267.8 |
| Liabilities | |||
| Current liabilities | |||
| Loans and borrowings | 22 | (505.7) | (381.7) |
| Current tax liabilities | 23 | (53.8) | (54.4) |
| Trade and other payables | 24 | (607.2) | (520.2) |
| Provisions | 25 | (246.2) | (191.8) |
| Non-current liabilities | |||
| Loans and borrowings | 22 | (32.1) | (31.1) |
| Retirement benefit liabilities | 26 | (11.6) | (11.3) |
| Deferred tax liabilities | 27 | (77.9) | (71.4) |
| Provisions | 25 | (21.2) | (22.0) |
| Other liabilities | 28 | (399.6) | (337.6) |
| Total liabilities | 3 | (1,006.8) | (857.8) |
| Net assets | 3 | 442.7 | 410.0 |
| Equity | |||
| Share capital | 27 | 7.3 | 7.3 |
| Share premium account | 38.1 | 38.1 | |
| Capital redemption reserve | 7.6 | 7.6 | |
| Translation reserve | 11.6 | 16.3 | |
| Other reserve | 56.9 | 56.9 | |
| Retained earnings | 318.4 | 280.1 | |
| Equity attributable to equity holders of the parent | 439.9 | 406.3 | |
| Non-controlling interests | 33 | 2.8 | 3.7 |
| Total equity | 442.7 | 410.0 |
| Share capital £m | Share premium account £m | Capital redemption reserve £m | Translation reserve £m | Other reserve £m | Hedging reserve £m | Retained earnings £m | Attributable to equity holders of the parent £m | Non- controlling interests (note 33) £m | Total equity £m | |
|---|---|---|---|---|---|---|---|---|---|---|
| At 1 January 2020 | 7.3 | 38.1 | 7.6 | 19.1 | 56.9 | – | 263.2 | 392.2 | 5.3 | 397.5 |
| Profit/(loss) for the year | – | – | – | – | – | – | 42.5 | 42.5 | (1.4) | 41.1 |
| Other comprehensive income | ||||||||||
| Exchange movements on translation of foreign operations | – | – | – | (5.7) | – | – | – | (5.7) | (0.2) | (5.9) |
| Transfer of reserves on disposal of subsidiaries | – | – | – | 2.9 | – | – | – | 2.9 | – | 2.9 |
| Cash flow hedge gains taken to equity | – | – | – | – | – | 0.5 | – | 0.5 | – | 0.5 |
| Cash flow hedge transferred to income statement | – | – | – | – | – | – | (2.2) | (2.2) | – | (2.2) |
| Remeasurements of defined benefit pension schemes | – | – | – | – | – | – | 0.4 | 0.4 | – | 0.4 |
| Tax on remeasurements of defined benefit pension schemes | – | – | – | – | – | – | (0.0) | (0.0) | – | (0.0) |
| Other comprehensive loss for the year, net of tax | – | – | – | (2.8) | – | – | (1.8) | (4.6) | (0.2) | (4.8) |
| Total comprehensive (loss)/ income for the year | – | – | – | (2.8) | – | – | 40.7 | 37.9 | (1.6) | 36.3 |
| Dividends | – | – | – | – | – | – | (25.9) | (25.9) | – | (25.9) |
| Share-based payments | – | – | – | – | – | – | 2.1 | 2.1 | – | 2.1 |
| At 31 December 2020 and 1 January 2021 | 7.3 | 38.1 | 7.6 | 16.3 | 56.9 | – | 280.1 | 406.3 | 3.7 | 410.0 |
| Profit/(loss) for the year | – | – | – | – | – | – | 63.0 | 63.0 | (0.9) | 62.1 |
| Other comprehensive income | ||||||||||
| Exchange movements on translation of foreign operations | – | – | – | (4.3) | – | – | – | (4.3) | – | (4.3) |
| Transfer of reserves on disposal of subsidiaries | – | – | – | (0.4) | – | – | – | (0.4) | – | (0.4) |
| Remeasurements of defined benefit pension schemes | – | – | – | – | – | – | 1.2 | 1.2 | – | 1.2 |
| Tax on remeasurements of defined benefit pension schemes | – | – | – | – | – | – | (0.2) | (0.2) | – | (0.2) |
| Other comprehensive (loss)/income for the year, net of tax | – | – | – | (4.7) | – | – | 1.0 | (3.7) | – | (3.7) |
| Total comprehensive (loss)/ income for the year | – | – | – | (4.7) | – | – | 64.0 | 59.3 | (0.9) | 58.4 |
| Dividends | – | – | – | – | – | – | (25.9) | (25.9) | – | (25.9) |
| Purchase of own shares for ESOP trust | – | – | – | – | – | – | (3.7) | (3.7) | – | (3.7) |
| Share-based payments | – | – | – | – | – | – | 3.9 | 3.9 | – | 3.9 |
| At 31 December 2021 | 7.3 | 38.1 | 7.6 | 11.6 | 56.9 | – | 318.4 | 439.9 | 2.8 | 442.7 |
| Note | 2021 £m | 2020 £m | |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit before taxation | 7 | 71.6 | 63.8 |
| Non-underlying items | 8 | 12.3 | 33.1 |
| Finance income | 9 | (0.4) | (1.1) |
| Finance costs | 10 | 9.3 | 14.3 |
| Underlying operating profit | 92.8 | 110.1 | |
| Depreciation of property, plant and equipment | 11 | 90.6 | 94.3 |
| Amortisation of intangible assets | 14 | 0.6 | 0.6 |
| Share of underlying post-tax results of joint ventures | 16 | (0.4) | (0.8) |
| Profit on sale of property, plant and equipment | 19 | (1.8) | (0.6) |
| Other non-cash movements | 8.3 | 1.8 | |
| Foreign exchange losses | 1.5 | ||
| Operating cash flows before movements in working capital and other underlying items | 206.9 | 111.1 | |
| (Increase)/decrease in inventories | 18 | (18.3) | (104.4) |
| (Increase)/decrease in trade and other receivables | 19 | 7.1 | (80.0) |
| Increase/(decrease) in trade and other payables | 24 | (7.8) | 13.9 |
| (Decrease)/increase in provisions, retirement benefit and other non-current liabilities | 13.9 | 178.7 | |
| Cash generated from operations before non-underlying items | 178.7 | 259.0 | |
| Cash inflows from non-underlying items: contract disputes | 2.4 | – | |
| Cash inflows from non-underlying items: assets held for sale | – | 0.7 | |
| Cash outflows from non-underlying items: restructuring costs | – | (3.9) | |
| Cash outflows from non-underlying items: acquisition costs | – | (11.7) | |
| Cash generated from operations | 176.7 | 248.0 | |
| Interest paid | (0.5) | (2.0) | |
| Interest element of lease rental payments | (8.8) | (3.1) | |
| Income tax paid | (3.8) | (3.8) | |
| Net cash inflow from operating activities | 155.7 | 210.5 | |
| Cash flows from investing activities | |||
| Interest received | 0.4 | 0.6 | |
| Proceeds from sale of property, plant and equipment | 9.8 | 7.4 | |
| Proceeds on disposal of businesses | 57.1 | 2.2 | |
| Acquisition of businesses, net of cash acquired | (29.9) | – | |
| Acquisition of property, plant and equipment | (84.0) | (72.5) | |
| Acquisition of other intangible assets | (0.4) | (0.5) | |
| Dividends received from joint ventures | – | 0.4 | |
| Net cash outflow from investing activities | (97.0) | (62.4) | |
| Cash flows from financing activities | |||
| Increase in borrowings | 91.2 | 10.4 | |
| Repayment of borrowings | (69.4) | (131.4) | |
| Payment of lease liabilities | (29.8) | (27.2) | |
| Purchase of own shares for ESOP trust | (3.7) | – | |
| Dividends paid | 12 | (25.9) | (25.9) |
| Net cash outflow from financing activities | (37.6) | (174.1) | |
| Net increase/(decrease) in cash and cash equivalents | 21.1 | (26.0) | |
| Cash and cash equivalents at beginning of year | 61.6 | 87.5 | |
| Effect of exchange rate movements | (0.9) | 0.1 | |
| Cash and cash equivalents at end of year | 20 | 81.8 | 61.6 |
The consolidated financial statements of Keller Group plc and its subsidiaries (collectively, the ‘Group’) for the year ended 31 December 2021 were authorised for issue in accordance with the resolution of the Board of Directors on 2 March 2022.
**Tn h e P r o f i t a n d L o s s i n c o m e a c c o u n t a n d C a s h f l o w s o f t h e G r o u p , w h i c h w e i n c l u d e i n o u r f i n a n c i a l s t a t e m e n t s , a r e g i v e n i n N o t e 2 .
The Group’s climate-related financial disclosures
Our consolidated financial statements provide disclosures in line with the TCFD recommendations, and we have considered the financial impacts of climate change. Our approach addresses:
Our disclosures align with the TCFD’s four core recommendations and aim to provide stakeholders with relevant information on how the Group manages its climate-related impacts.
Physical Risks
The Group’s financial statements do not currently contain specific quantitative disclosures of climate-related physical risks. However, the Group’s risk management processes are designed to identify and assess potential risks arising from its operations and the external environment, which include those related to climate change. These processes include the identification of risks and the development of mitigation strategies.
Transition Risks
The Group has considered the impact of transition risks arising from the shift to a lower-carbon economy. The Group’s disclosures incorporate quantitative and qualitative information where available. The Group’s Board considers the impact of regulatory changes and market shifts related to climate change when setting the Group’s strategy.
Opportunities
The Group has identified opportunities related to climate change, including the development of low-carbon products and services, and the optimisation of resource efficiency. Our disclosures reflect these opportunities where relevant.
Keller Group plc
Company limited by shares
Financial Statements 132
1 Corporate information
The consolidated financial statements of Keller Group plc and its subsidiaries (collectively, the ‘Group’) for the year ended 31 December 2021 were authorised for issue in accordance with the resolution of the# Directors
On 7 March 2022, Keller Group plc (the ‘company’) is a public limited company, incorporated and domiciled in the United Kingdom, whose shares are publicly traded on the London Stock Exchange. The registered office is located at 2 Kingdom Street, London W2 6BD. The Group is principally engaged in the provision of specialist geotechnical services. Information on the Group’s structure is provided in note 9 of the company financial statements.
In accordance with the Companies Act 2006, these consolidated financial statements have been prepared and approved by the Directors in accordance with UK adopted international accounting standards. The company prepares its parent company financial statements in accordance with FRS 101.
The consolidated financial statements have been prepared on an historical cost basis, except for derivative financial instruments that have been measured at fair value. The carrying values of recognised assets and liabilities that are designated as hedged items in fair value hedges that would otherwise be carried at amortised cost are adjusted to recognise changes in the fair values attributable to the risks that are being hedged in effective hedge relationships. The consolidated financial statements are presented in pounds sterling and all values are rounded to the nearest hundred thousand, expressed in millions to one decimal point, except when otherwise indicated.
As part of the going concern and viability review, management ran a series of downside scenarios on the latest forecast profit and cash flow projections to assess covenant headroom against available funding facilities for a three-year period to 31 December 2024. The going concern review used the same downside scenarios and forecasts for the period through to the end of March 2023, a period of at least 12 months from when the financial statements are authorised for issue and aligning with the period in which the Group’s banking covenants are tested. This process involved constructing scenarios to reflect the Group’s current assessment of its principal risks, including those that would threaten its business model, future performance, solvency or liquidity. The principal risks and uncertainties modelled by management align with those disclosed within this Annual Report and Accounts.
On 12 October 2022, the Directors of Keller Group plc (the ‘company’) approved the following prior year restatements to the consolidated financial statements for the year ended 31 December 2021:
Due to revised accounting for retentions, the prior year restatement of insurance asset/liability recognised in respect of the Group’s construction contracts has been changed to a prior year adjustment. The insurance restatement has been made to the prior year, 31 December 2021.
The prior year restatements to the consolidated financial statements are as shown in Note 1. Revenue and exceptional items are as shown in Note 1.
| 2020 (restated) £m | 2019 (restated) £m | |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipment | 60.3 | 63.8 |
| Current assets | ||
| Debtors and other | 501.9 | 596.8 |
| Current liabilities | ||
| Creditors | (54.4) | (31.1) |
| – Finance | (20.8) | (9.4) |
| – Other | (33.6) | (21.7) |
| Non-current liabilities | ||
| Creditors | (71.4) | (55.5) |
| – Finance | (51.1) | (34.9) |
| – Other | (20.3) | (20.6) |
The consolidated financial statements contain a prior year adjustment to reflect prior year comparative figures in note 2. The prior year adjustment is shown in Note 2.
The consolidated financial statements consolidate the group undertakings of the ordinary shares and its subsidiaries. Consolidation is based on the purchase method. The parent’s share of consolidated net assets is eliminated against the cost of investment in the subsidiary, and any resulting goodwill is recognised. Any excess of the parent’s share of net assets over the cost of investment is recognised in retained earnings. Intercompany balances, transactions and unrealised gains and losses are eliminated in full on consolidation.
For joint operations, the Group recognises its share of its assets, liabilities, revenues and expenses. In the consolidated financial statements, the Group’s consolidated financial statements for the year ended 31 December 2017 recognised its share of revenues from joint operations, its share of profits and losses from joint operations and its share of the revenues and expenses of the joint operations. In 2017, the Group recognised its share of revenues from joint operations recognised by the Group’s joint operations and the revenues and expenses of the joint operations.
A joint venture is an arrangement whereby the Group has a contractual right to, and exercises its significant influence over, the net assets of the arrangement. The consolidated financial statements recognise its share of the fair values of the company’s share of the net assets of the joint venture. The consolidated financial statements of joint ventures are recognised by the Group by its share of the profits and losses, property, plant and equipment, and investment in joint ventures. All intra-group transactions, balances, unrealised gains and losses are eliminated in full on consolidation.
The financial statements of joint venture undertakings have been accounted for using the equity method, whereby the Group’s share of the profits and losses, property, plant and equipment, and investment in joint ventures are recognised in the consolidated financial statements. The Group’s financial statements do not recognise its share of the financial statements of the joint ventures, except to the extent that it has recognised its share of the financial statements. The Group’s share of the financial statements of its joint ventures are accounted for using the equity method. The Group’s share of the financial statements of its joint ventures are accounted for using the equity method.
The periods of this announcement are hereby incorporated by reference to Note 1.
These amendments have resulted in a prior year adjustment to the consolidated financial statements of the Group. The Group has made no other changes to its accounting policies. The Group has not elected to early adopt any new or amended standards.
On the 1 January 2020, the IASB amended the Hedge Accounting standard, IFRS 9, IAS 39 and IFRS 7 to provide practical relief from the accounting consequences of benchmark reform. The objective of the reform is to replace IBORs with alternative benchmark rates that are expected to be more robust and less susceptible to manipulation. The amendments to IFRS 9, IAS 39 and IFRS 7 that relate to contract modifications focus on the accounting for modifications to financial instruments and financial liabilities that are affected by the replacement of an interest rate benchmark. The Group has adopted these amendments and they have had no material impact on its consolidated financial statements.
The amendments to IFRS 9, IAS 39 and IFRS 7 provide relief from certain hedge accounting requirements when hedge accounting is affected by benchmark reforms. The Group has not elected to early adopt any new or amended standards. The Group has not elected to early adopt any new or amended standards. The Group has elected to apply these amendments prospectively. The Group has elected to apply these amendments prospectively.
The amendments to IFRS 9, IAS 39 and IFRS 7 provide relief from certain hedge accounting requirements when hedge accounting is affected by benchmark reforms. The Group has elected to apply these amendments prospectively. The Group has elected to apply these amendments prospectively. The Group has elected to apply these amendments prospectively. The Group has elected to apply these amendments prospectively. The Group has elected to apply these amendments prospectively. The Group has elected to apply these amendments prospectively. The Group has elected to apply these amendments prospectively. The Group has elected to apply these amendments prospectively. The Group has elected to apply these amendments prospectively. The Group has elected to apply these amendments prospectively. The Group has elected to apply these amendments prospectively. The Group has elected to apply these amendments prospectively. The Group has elected to apply these amendments prospectively. 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The Group has elected to apply these amendments prospectively. The Group has elected to apply these amendments prospectively. The Group has elected to apply these amendments prospectively# Keller Group plc
The significant accounting policies applied in the preparation of these consolidated financial statements are as set out below. These policies have been applied consistently throughout all periods presented in these consolidated financial statements unless otherwise stated.
All interest income and expense are recognised in profit or loss using the effective interest method.
The Group operates a number of defined contribution pension schemes for its employees and is also committed to providing certain post-retirement benefits to some former employees. The assets of the schemes are held separately from those of the Group.
The Group also operates an equity-settled share-based payment award scheme. The fair value of the equity instruments granted is recognised as an expense in the consolidated statement of comprehensive income, with a corresponding increase in equity. The expense is recognised over the vesting period, based on the best estimate of the number of equity instruments that will ultimately be held.
In April 2023, the UK Government announced the creation of the Recovery Loan Scheme (RLS) for eligible businesses; the scheme provides a government guarantee to lenders. The Group has not entered into any arrangements under the RLS.
The Group’s RLS loan facility matures on 31 March 2026. As at 31 March 2023, the Group has undrawn facilities of £50 million under the RLS. The Group has not recognised any benefits from the RLS as at 31 March 2023.
Owner-occupied, plant and equipment are stated at cost less accumulated depreciation and impairment losses.
Freehold land is not depreciated. Depreciation is charged so as to allocate the cost of assets over their useful economic lives, on a straight-line basis.
The annual depreciation rates used are as follows:
Depreciation is recognised in administrative expenses.
Depreciation is recognised so as to write off the cost of assets over their useful lives.
| Asset class | Useful lives |
|---|---|
| Freehold buildings | 2% |
| Plant and machinery | 10% - 25% |
| Motor vehicles | 25% |
| Leasehold improvements | Not depreciated |
The depreciation rates for plant and machinery are based on the expected useful life of the assets.
The Group leases a number of properties and plant and machinery. The Group has elected not to apply IFRS 16 to short-term leases and leases of low-value assets.
The Group’s leasehold property is held under operating leases. The lease terms are for a minimum of 5 years and a maximum of 15 years.
The Group recognises a right-of-use asset in respect of its leasehold property. The depreciation of the right-of-use asset is recognised in administrative expenses, with a corresponding reduction in the lease liability.
The Group’s right-of-use assets are depreciated over the shorter of the lease term and the useful life of the underlying asset. The depreciation is recognised in administrative expenses.
In respect of its leasehold property, the Group recognises a lease liability measured at the present value of the future lease payments. The lease liability is subsequently measured at amortised cost using the effective interest method. The Group’s lease liabilities are recognised on the balance sheet.
The Group’s lease liabilities are recognised on the balance sheet, representing the present value of future lease payments under its leases.
The Group recognises the rental costs of short-term leases and leases of low-value assets on a straight-line basis over the lease term.
All business combinations are accounted for using the acquisition method. The cost of an acquisition is measured at the aggregate of the fair values of the assets transferred, liabilities incurred and equity interests issued by the Group.
Identifiable assets acquired and liabilities assumed in a business combination are measured at their acquisition-date fair values. The Group recognises any non-controlling interest in the acquiree.
The acquiree’s identifiable assets, liabilities and contingent liabilities are recognised at their fair values at the acquisition date. This includes the fair value of any consideration transferred, and if applicable, the fair value of any previously held equity interest in the acquiree.
The assets and liabilities recognised include those of the acquired entity as at the acquisition date. The Group derecognises any previously recognised interest in the acquiree.
The purchase price allocation (PPA) is the process of assigning the purchase consideration to the acquired assets and liabilities. The Group allocates the purchase consideration to the fair value of the net identifiable assets acquired.
The Group’s accounting for acquisitions is complex and involves significant judgements and estimates. The fair value of the identifiable assets acquired, liabilities assumed and any non-controlling interest is determined by reference to the fair value of the acquired business.
The Group recognises the assets and liabilities of the acquiree at their fair values at the acquisition date. Any goodwill arising from the acquisition is recognised as an intangible asset.
Goodwill is recognised as an intangible asset and is not amortised. Goodwill is tested for impairment at least annually, or more frequently if events or changes in circumstances indicate that the carrying amount may be impaired.
Goodwill is recognised as an intangible asset and is not amortised. Goodwill is tested for impairment at least annually, or more frequently if events or changes in circumstances indicate that the carrying amount may be impaired.# Keller Group plc
Financial instruments and hedge accounting.
The Group operates an embedded derivative in a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. These financial instruments are presented at fair value through profit or loss. The Group has no other financial assets or liabilities.
Trade receivables and trade payables
Debtors (trade receivables) are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group operates an embedded derivative in a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. These financial instruments are presented at fair value through profit or loss. The Group has no other financial assets or liabilities.
Debtors (trade receivables) are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated financial statements. Trade receivables are stated at their amortised cost, less any impairment for doubtful debts. The Group has no trade receivables that are individually measured. The impairment of receivables is determined by the Group based on a number of factors including historical loss rates and an assessment of the recoverability of specific debts. Where necessary, trade receivables are impaired to their recoverable amount.
Trade receivables and trade payables are stated at their amortised cost, less any impairment for doubtful debts.
Cash and cash equivalents
Deposits and other short-term investments are included in the consolidated financial statements at their fair value. Cash and cash equivalents consist of cash in hand and bank balances, and short-term highly liquid investments with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates fair value. Balances with maturities greater than three months are excluded from cash and cash equivalents and are presented as short-term investments. Short-term investments are stated at amortised cost.
Bank and other borrowings
Loans and other borrowings are recognised in the consolidated financial statements at their fair value. Other borrowings are stated at their amortised cost, less any discount or premium. Where appropriate, other borrowings are impaired to their recoverable amount.
The impairment of other borrowings is based on the net realisable value of the assets to which the borrowings relate, less any subsequent costs of realisation. Where borrowings are denominated in a foreign currency, they are retranslated at the exchange rate ruling at the balance sheet date.
Provisions
Provisions represent the best estimate of the expenditure required to settle the present obligation arising from past events; future expenditure for onerous contracts, retraining costs, bad debts, site restoration costs, other contingent liabilities and deferred income. These provisions are recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when the amount can be measured reliably.
Derivative financial instruments and hedge accounting
The Group recognises designated hedge accounting in its consolidated financial statements to reflect the economic changes in the fair value of these instruments.
Hedge accounting is applied to a number of its sales contracts with customers and consequently recognises these instruments in the consolidated financial statements. The Group has no other financial assets or liabilities.
Trade receivables are stated at their fair value in the consolidated# Keller Group plc Consolidated Financial Statements 2021
This section presents the Group's segmental reporting for the year ended 31 December 2021. The Group operates across five reportable segments, detailed below. The chief operating decision maker reviews segment assets and liabilities, and reports segment profit or loss.
The Group's reportable segments are:
The Group's reportable segments are:
| 2021 | |||||
|---|---|---|---|---|---|
| £m | |||||
| Revenue | Operating profit | ||||
| £m | |||||
| £m | |||||
| Global | 1,323.1 | 73.0 | 10.7% | 5.5% | |
| EMEA | 549.2 | 24.3 | 44.2% | 4.4% | |
| APAC, China and India | 352.1 | 3.4 | 9.7% | 1.0% | |
| Total | 2,224.4 | 100.7 | 26.5% | 4.5% | |
| Intersegment | (7.9) | – | |||
| Revenue | 2,224.4 | 92.8 | 26.5% | 4.1% | |
| Operating profit | (12.3) | – | |||
| Total | 2,224.4 | 80.5 | 26.5% | 3.6% |
| 2021 Segment assets | 2021 Segment LIABILITIES | Capital employed | Capital additions | Depreciation And amortisation | Tangible And intangible assets | |
|---|---|---|---|---|---|---|
| £m | £m | £m | £m | £m | £m | |
| Global | 827.0 | (349.9) | 477.1 | 36.4 | 46.1 | 334.7 |
| EMEA | 273.9 | (184.7) | 89.2 | 23.8 | 25.0 | 143.7 |
| APAC, China and India | 218.0 | (99.9) | 118.1 | 24.2 | 19.5 | 103.5 |
| Total | 1,318.9 | (634.5) | 684.4 | 84.4 | 90.6 | 581.9 |
| Intersegment | 130.6 | (372.3) | (241.7) | – | 0.6 | 3.0 |
| Total | 1,449.5 | (1,006.8) | 442.7 | 84.4 | 91.2 | 584.9 |
| 2021 Revenue | 2021 Revenue depreciation | 2021 Revenue impairment | 2021 Revenue disposal | 2021 Revenue | |
|---|---|---|---|---|---|
| £m | £m | £m | £m | £m | |
| Global | 1,323.1 | (251.0) | 20.2 | 12.7 | 1,104.9 |
| EMEA | 549.2 | (146.9) | 17.2 | 5.7 | 425.2 |
| APAC, China and India | 352.1 | (117.7) | 12.2 | 2.3 | 249.5 |
| Total | 2,224.4 | (515.6) | 49.6 | 20.7 | 1,779.6 |
| Intersegment | (7.9) | 2.7 | – | – | (5.2) |
| Total | 2,216.5 | (512.9) | 49.6 | 20.7 | 1,774.4 |
Note 1: Revenue depreciation and impairment are included within revenue. Note 2: Revenue recognised on performance obligations satisfied over time. Note 3: Revenue recognised on performance obligations satisfied at a point in time. Note 4: Revenue is primarily generated from the provision of managed services, HR consulting and talent solutions. Note 5: Depreciation and amortisation includes lease component changes.
The Group's revenue is derived from managed services across Global, EMEA, APAC, and Americas. In terms of geographic diversification, revenue is driven by Global, EMEA, APAC and Americas. As at the year-end, revenue is generated from the Group's global operations, and in the year ended 31 December 2021, the Group's revenue is recognised across the following geographical areas:
| Year ended 31 December 2021 | Revenue recognised on performance OBLIGATIONS satisfied over time £m | Revenue recognised on performance OBLIGATIONS satisfied AT a point in time £m | Total revenue £m |
|---|---|---|---|
| Revenue recognised on performance OBLIGATIONS satisfied over time | Revenue recognised on performance OBLIGATIONS satisfied AT a point in time | Revenue | |
| Global | 1,005.0 | 318.1 | 1,323.1 |
| EMEA | 549.2 | – | 549.2 |
| APAC, China and India | 352.1 | – | 352.1 |
| Total | 1,906.3 | 318.1 | 2,224.4 |
The contract asset and liability have no significant judgement or estimation uncertainty for the year ended 31 December 2021. The revenue and contract assets/liabilities are recognised across the following geographical areas:
| Contract assets £m | Contract LIABILITIES £m | Operating profit £m | Operating profit £m |
|---|---|---|---|
| Global | 71.3 | (43.9) | 73.0 |
| Revenue recognised on the contract | Revenue from a point in time | ||
| EMEA | 654.2 | 516.0 | 24.3 |
| Other amortisation within contract liabilities | – | – | 3.4 |
| As at 31 December | 107.6 | (46.5) | 100.7 |
Acquisitions
On 16 June 2021, the Group acquired 100% of the issued share capital of Cogent Global Holdings Ltd ("Cogent"), a specialist international recruitment business and in-market talent solutions provider in the USA, the UK and Australia, for an enterprise value of £34.8m (USD 48.0m). The acquisition has been accounted for using the acquisition method of accounting. The purchase price allocation for the acquisition includes a number of judgements and estimations, with recognised deferred tax on the acquired intangible assets of £3.8m (Cogent's retained earnings 31 Dec 2021 £13.1m) from the acquired intangible assets, and an increase in goodwill of £1.6m (Cogent's acquired intangibles 31 Dec 2021 £13.1m) for the acquired intangible assets. On consolidation, the carrying value of the Cogent businesses net assets acquired was £4.5m (Cogent's acquired intangibles 31 Dec 2021 £21.7m) from the acquired intangible assets.# Keller Group plc
During the year ended 31 December 2021, the Group acquired two businesses, in a single transaction, for a total consideration of £3.3m and £3.1m respectively, and a deferred consideration of £0.5m and £0.8m respectively, subject to finalisation.
| Revenue £m | Underlying profit/(loss) before tax £m |
|---|---|
| 42.8 | 1.5 |
| 3.3 | (0.2) |
| 0.1 | 0.1 |
| 46.2 | 1.4 |
| Theobalds |
|---|
| Keller Group plc |
| Consolidated and |
| Group Statements |
| 31 December 2021 |
| Financial Statements |
| 143 |
Notes |
| :---0
During the year ended 31 December 2021, the Group acquired two businesses, in a single transaction, for a total consideration of £3.3m and £3.1m respectively, and a deferred consideration of £0.5m and £0.8m respectively, subject to finalisation.
| Revenue £m | Underlying profit/(loss) before tax £m |
|---|---|
| 42.8 | 1.5 |
| 3.3 | (0.2) |
| 0.1 | 0.1 |
| 46.2 | 1.4 |
Theobalds |
| :---# Financial Statements
Non-underlying items in operating costs, amortisation of acquired intangible assets, other operating income, amortisation of joint venture intangibles and total non-underlying items in operating profit and before taxation are detailed below.
| Non-underlying items in operating costs | 2021 £m | |
|---|---|---|
| Amortisation of acquired intangible assets | 2.8 | $" |
| Amortisation of joint venture intangibles | 0.6 | – |
| Total non-underlying items in operating profit | 12.3 | ##! |
| Total non-underlying items before taxation | 12.3 | ##! |
| Non-underlying items in other operating income | 2021 £m | |
|---|---|---|
| Amortisation of acquired intangible assets | 2.8 | $" |
| Amortisation of joint venture intangibles | 0.6 | – |
| Total non-underlying items in operating profit | 12.3 | ##! |
| Total non-underlying items before taxation | 12.3 | ##! |
| Taxation | (10.6) | ¤%&¥ |
| Total non-underlying items after taxation | 1.7 | "'% |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2020
| Non-underlying items | Year ended 31 December 2020 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| Total non-underlying items in operating profit | 9.6 |
| Amortisation of acquired intangible assets | 2.8 |
| Amortisation of joint venture intangibles | 0.6 |
| Total non-underlying items before taxation | 12.3 |
| Taxation | (10.6) |
| Total non-underlying items after taxation | 1.7 |
Year ended 31 December 2021
| Non-underlying items | Year ended 31 December 2021 (£m) |
|---|---|
| Amortisation of acquired intangible assets | |
| Associated undertaking amortisation | 7.3 |
| Other operating income | 0.5 |
| Operating profit | 0.5 |
| Impairment of goodwill | 1.3 |
| **# Keller Group plc |
7 DEPRECIATION AND AMORTISATION
The Group’s depreciation and amortisation policies are set out in Note 2 to the Financial Statements. The Group’s amortisation is charged against the carrying value of intangible assets. Amortisation is recognised in the income statement in administrative expenses and selling and marketing expenses. The amortisation of intangible assets, including software and brand names, recognised in profit or loss was £8.4 million for the year ended 31 December 2021 (2020: £10.6 million).
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Property, plant and equipment depreciation | 12.8 | 13.8 |
| Intangible asset amortisation | (0.8) | (0.4) |
| Total depreciation and amortisation | 12.0 | 13.4 |
| Impairment of property, plant and equipment | – | – |
| Reversal of impairment of property, plant and equipment | – | – |
| Total charge for depreciation and amortisation | 12.0 | 13.4 |
8 Income taxes
The Group’s effective tax rate (ETR) is the total tax expense divided by profit before tax. The ETR for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s ETR is impacted by the following items:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1% | 24.1% |
The Group’s effective tax rate for the year ended 31 December 2021 was 22.1% (2020: 24.1%). The Group’s effective tax rate is impacted by the following:
| 2021 | 2020 | |
|---|---|---|
| £m | " " | " "! |
| Profit before tax | 11.0 | 11.8 |
| Income tax expense | 2.4 | 2.9 |
| Effective tax rate | 22.1%# 12. Property, plant and equipment |
The Group's tangible fixed assets comprise property, plant and equipment. Property, plant and equipment is stated at cost less accumulated depreciation and impairment. Depreciation is provided on a straight-line basis over the estimated useful economic lives of the assets.
Useful economic lives:
* Freehold buildings: 20 years
* Leasehold improvements: 10 years
Depreciation is charged to the income statement to write down the cost of each asset over its estimated useful life. Gains or losses on disposal of assets are recognised in profit or loss.
Depreciation methods and useful lives:
The Group reviews the estimated useful lives of property, plant and equipment at the end of each reporting period. If expectations differ from previous estimates, the changes are accounted for prospectively.
Additions and disposals:
Additions to property, plant and equipment are recognised at cost. Assets disposed of are derecognised at carrying amount.
Impairment:
The carrying amounts of assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs to sell and its value in use.
Revaluation of property:
The Group does not revalue its property, plant and equipment.
The following is a detailed breakdown of property, plant and equipment:
| Property, plant and equipment | Freehold buildings | Leasehold improvements | Total |
|---|---|---|---|
| £m | At 1 January 2021 | ||
| Cost | 960.7 | 72.5 | 1033.2 |
| Accumulated depreciation | (39.7) | (23.8) | (63.5) |
| Net impairment | – | (14.5) | (14.5) |
| Net investment properties | – | (1.7) | (1.7) |
| Additions | – | (0.3) | (0.3) |
| At 31 December 2021 | 921.0 | 32.2 | 953.2 |
| £m | At 1 January 2020 | ||
| Cost | 954.9 | 84.0 | 1038.9 |
| Accumulated depreciation | (576.0) | (66.3) | (642.3) |
| Net impairment | (32.9) | (15.9) | (48.8) |
| Net investment properties | – | (0.9) | (0.9) |
| Additions | – | (3.4) | (3.4) |
| At 31 December 2020 | 346.0 | 2.4 | 348.4 |
| At 1 January 2021 | At 31 December 2021 | |
|---|---|---|
| £m | ||
| Cost | ||
| Freehold buildings | 384.7 | 365.4 |
| Additions | 0.4 | – |
| At 31 December 2021 | 385.1 | 365.4 |
The depreciation of the Group's property, plant and equipment, including leasehold improvements, was £21.9 million for the year ended 31 December 2021.
Property, plant and equipment held under finance leases:
The Group has finance leases for certain property and equipment. The leasehold improvements are depreciated over the shorter of the lease term or the estimated useful life of the asset.
Impairment of property, plant and equipment:
The Group assesses property, plant and equipment for impairment when events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs to sell and its value in use.
Additions and disposals:
Additions to property, plant and equipment are recognised at cost. Assets disposed of are derecognised at carrying amount.
Impairment losses:
No impairment losses were recognised in the year ended 31 December 2021.
The Group's net investment in property, plant and equipment consists of freehold buildings and leasehold improvements. The depreciation of these assets is charged to the income statement.
Additions to property, plant and equipment:
Additions to property, plant and equipment in the year ended 31 December 2021 were £4.4 million. These additions primarily relate to leasehold improvements and are depreciated over the shorter of the lease term or the estimated useful economic life of the asset.
Leased assets:
The Group's investment in leased assets comprises leasehold improvements. These assets are depreciated over the shorter of the lease term or the estimated useful economic life of the asset. The additions to leased assets in the year ended 31 December 2021 were £0.4 million.
Depreciation:
Depreciation of leasehold improvements is charged to the income statement over the shorter of the lease term or the estimated useful economic life of the asset. Depreciation on leased assets for the year ended 31 December 2021 was £0.6 million.
Impairment of leased assets:
No impairment losses were recognised on leased assets in the year ended 31 December 2021.
| Property, plant and equipment | Freehold buildings | Leasehold improvements | Total |
|---|---|---|---|
| £m | At 1 January 2021 | ||
| Cost | 25.5 | 17.5 | 43.0 |
| Accumulated depreciation | (16.7) | (10.5) | (27.2) |
| Net impairment | (0.4) | (0.7) | (1.1) |
| Additions | 0.5 | – | 0.5 |
| Disposals | – | (0.3) | (0.3) |
| At 31 December 2021 | 9.3 | 6.0 | 15.3 |
| £m | At 1 January 2020 | ||
| Cost | 26.2 | 23.4 | 49.6 |
| Accumulated depreciation | (10.7) | (9.4) | (20.1) |
| Net impairment | (1.7) | (4.4) | (6.1) |
| Additions | 4.8 | – | 4.8 |
| At 31 December 2020 | 18.6 | 9.6 | 28.2 |
Carrying amount:
The carrying amount of leasehold improvements is stated at cost less accumulated depreciation and impairment. The carrying amount at 31 December 2021 was £6.0 million.
Additions to property, plant and equipment:
Additions to property, plant and equipment in the year ended 31 December 2021 were £4.4 million. These additions primarily relate to leasehold improvements and are depreciated over the shorter of the lease term or the estimated useful economic life of the asset.
Impairment losses:
The impairment loss recognised on leasehold improvements was £0.7 million for the year ended 31 December 2021.
Movements in leased assets:
| Underlying | Non-underlying items (note 8) | Statutory | |
|---|---|---|---|
| £m | 2021 | £m | 2021 |
| £m | |||
| Revenue | 18.4 | t | 18.4 |
| Impairment of assets¹ | (17.9) | (0.6) | (18.5) |
| OPERATING PROFIT/(LOSS) | 0.5 | (0.6) | (0.1) |
| Underlying operating items | (0.1) | t | (0.1) |
| PROFIT/(LOSS) BEFORE TAXATION | 0.4 | (0.6) | (0.2) |
| 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\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\# 8. Financial Statements |
Keller Group plc ÊññøäïÛèóòõ÷äñçÊææòøñ÷ö" "! Financial Statements 157
Keller Group plc ÊññøäïÛèóòõ÷äñçÊææòøñ÷ö" "! Financial Statements158
| Îðóïòüèè óõòùìöìòñö | |||||
|---|---|---|---|---|---|
| Ûèö÷ä÷èðèñ÷ | |||||
| Tota l £m | |||||
| Ê÷#!Íèæèðåèõ" " ¤óõèöèñ÷èç¥ | )# | %& | #%# | #)% | #' |
| Ûèö÷ä÷èðèñ÷ | ! | – | – | 32.4 | – |
| Ê÷#!Íèæèðåèõ" " ¤õèö÷ä÷èç¥ | )# | %& | #%# | '!) | #' |
| Ìëäõêèéòõ÷ëèüèäõ | $' | %" | ""( | !"# | ( |
| Êæôøìõèçúì÷ëåøöìñèööèö¤ñò÷è%¥ | – | – | % | – | ) |
| Íìöóòöäïòéåøöìñèööèö¤ñò÷è%¥ | ¤ | !¥ | – | – | – |
| Þöèççøõìñê÷ëèüèäõ | ¤$$¥ | ¤&)¥ | ¤!!&¥ | ¤'!¥ | ¤ |
| Þñøöèçäðòøñ÷öõèùèõöèç | ¤ | !¥ | ¤ | "¥ | ¤$)¥ |
| Þñúìñçìñêòéçìöæòøñ÷äñçæëäñêèöìñ÷ëè çìöæòøñ÷õä÷è | $ | – | – | ¤ !¥ | – |
| Îûæëäñêèðòùèðèñ÷ö | ! | ¤ | "¥ | ¤ | "¥ |
| $W'HFHPEHU | 9.9 | 3.5 | 41.9 | 72.8 | 3.6 |
| Ìøõõèñ÷ | #" | #% | #$! | )$ | #& |
| ×òñ¡æøõõèñ÷ | &' | – | '( | – | &#$ |
| $W'HFHPEHU | 9.9 | 3.5 | 41.9 | 72.8 | 3.6 |
Ê÷#!Íèæèðåèõ" "!÷ëèóõòùìöìòñìñõèöóèæ÷òéúòõîèõöđæòðóèñöä÷ìòñúäö|&%ð¤" " |&(ð¥Êóõòùìöìòñìöõèæòêñìöèçúëèñäñèðóïòüèèìñéòõðö ÷ëèæòðóäñüòéäúòõîèõöđæòðóèñöä÷ìòñæïäìðÝëèóõòùìöìòñìöðèäöøõèçåäöèçòñìñéòõðä÷ìòñóõòùìçèçåü÷ëèúòõîèõöđæòðóèñöä÷ìòñìñöøõèõÝëè äæ÷øäïæòö÷ö÷ëä÷ðäüåèìñæøõõèçìñõèöóèæ÷òé÷ëèöèæïäìðöäõèçèóèñçèñ÷òñ÷ëèäööèööðèñ÷òéäñèðóïòüèèđöæïäìðäñçóò÷èñ÷ìäïðèçìæäïèûóèñöèö úì÷ë÷ìðìñêòéòø÷ĥòúöùäõìäåïèçèóèñçìñêòñ÷ëèæïäìð Ê÷#!Íèæèðåèõ" "!÷ëèóõòùìöìòñìñõèöóèæ÷òéïòñêöèõùìæèïèäùèúäö|!'ð¤" " |!&ð¥Êóõòùìöìòñìöõèæòêñìöèçä÷÷ëèóòìñ÷äñèðóïòüèèíòìñö÷ëè æòðóäñüúì÷ëäñäçíøö÷ðèñ÷ðäçè÷òéäæ÷òõ÷ëèïìîèïìëòòç÷ëä÷÷ëèèðóïòüèèúìïïõèðäìñìñæòñ÷ìñøòøööèõùìæèúì÷ë÷ëèæòðóäñü÷òðèè÷÷ëè÷ëõèöëòïç÷ò õèæèìùè÷ëèåèñèĤ÷öÝëè äæ÷øäïæòö÷ö÷ëä÷ðäüåèìñæøõõèçäõèçèóèñçèñ÷òñ÷ëèïèñê÷ëòéöèõùìæèòéèðóïòüèèöäñçäðèñçèçéòõäñüíòìñèõöäñçïèäùèõöÝëèóõòùìöìòñìöø÷ìïìöèç úëèñ÷ëèïèäùèìö÷äîèñåü÷ëèèðóïòüèèòõúëèñøñøöèçïèäùèìöóäìçòñ÷èõðìñä÷ìòñòéèðóïòüðèñ÷ Îðóïòüèèóõòùìöìòñöäïöòìñæïøçèöäñäðòøñ÷òé|!$ð¤" " | )ð¥ìñõèöóèæ÷òéöòæìäïöèæøõì÷üæòñ÷õìåø÷ìòñöòñöëäõèòó÷ìòñöÝëìöóõòùìöìòñìöø÷ìïìöèç äö÷ëèòó÷ìòñöäõèèûèõæìöèçåüèðóïòüèèöúëìæëòææøõöúëèñ÷ëèäúäõçöùèö÷
Êõèö÷õøæ÷øõìñêóõòùìöìòñìöõèæòêñìöèçúëèñ÷ëèÐõòøóëäöçèùèïòóèçäçè÷äìïèçéòõðäïóïäñéòõ÷ëèõèö÷õøæ÷øõìñêëäöõäìöèçäùäïìçèûóèæ÷ä÷ìòñìñ÷ëòöè ìñçìùìçøäïöäģèæ÷èçäñçïìäåìïì÷ìèöëäùèåèèñìçèñ÷ìĤèçÝëèðèäöøõèðèñ÷òéäõèö÷õøæ÷øõìñêóõòùìöìòñìñæïøçèöòñïü÷ëèçìõèæ÷èûóèñçì÷øõèöäõìöìñêéõòð÷ëè õèö÷õøæ÷øõìñêÝëèõèö÷õøæ÷øõìñêóõòùìöìòñöìñ"# Disclosure of Contractual Obligations
The Company has not entered into any material long-term commitments, other than those described in this report.
Contract provisions provide for the amortization of the intangible assets over the term of the related contract. Intangible assets are amortized over periods ranging from one to ten years, recognizing amortization expense in the consolidated statements of operations. The amortization of intangible assets is calculated using the straight-line method of amortization, subject to impairment testing. If, however, the intangible assets are deemed to be not amortizable, they are tested for impairment at least annually. The amortization expense is recognized in selling, general and administrative expenses. The Company's amortization expense is recognized over the expected useful lives of the respective intangible assets. The intangible assets are amortized over periods ranging from one to ten years, recognizing amortization expense in the consolidated statements of operations.
Amounts recognized for insurance and legal provisions are based on the probability of an outflow of resources embodying economic benefits for the settlement of a contingent liability, and are measured at the best estimate of the expenditure required to settle the present obligation at the reporting date. The carrying amount of the provision represents the best estimate of the future expenditure required to settle the present obligation. The provision represents the best estimate of the expenditure required to settle the present obligation at the reporting date. If it is probable that an outflow of resources embodying economic benefits will be required to settle a provision, and the amount of the outflow can be measured reliably, a provision is recognized. The provision is recognized when it is probable that an outflow of resources embodying economic benefits will be required, and the amount of the outflow can be measured reliably. The provision is recognized when it is probable that an outflow of resources embodying economic benefits will be required to settle a present obligation as a result of a past event, and the amount of the outflow can be measured reliably.
Other provisions represent liabilities of uncertain timing or amount. Accordingly, the Company recognizes a provision for onerous contracts when the expected benefits from a contract are less than the unavoidable costs of meeting its obligations under that contract. The Company recognizes a provision for onerous contracts when the expected benefits from a contract are less than the unavoidable costs of meeting its obligations under that contract. The Company recognizes a provision when it is probable that an outflow of resources embodying economic benefits will be required to settle a present obligation as a result of a past event, and the amount of the outflow can be measured reliably. The Company's provisions represent liabilities of uncertain timing or amount. Accordingly, the Company recognizes a provision for onerous contracts when the expected benefits from a contract are less than the unavoidable costs of meeting its obligations under that contract. The Company recognizes a provision when it is probable that an outflow of resources embodying economic benefits will be required to settle a present obligation as a result of a past event, and the amount of the outflow can be measured reliably. The Company's provisions represent liabilities of uncertain timing or amount. Accordingly, the Company recognizes a provision for onerous contracts when the expected benefits from a contract are less than the unavoidable costs of meeting its obligations under that contract.
Keller Group plc
Consolidated Statements of Financial Position160
£m 2021
| Non-current liabilities | |
|---|---|
| Deferred tax liabilities | 15.8 |
| Other non-current liabilities | 5.4 |
| Total non-current liabilities | 21.2 |
Other non-current liabilities principally represent deferred tax liabilities.
The Group's financial instruments include cash and cash equivalents, and trade and other receivables. Fair value is determined by reference to quoted market prices or by using valuation techniques, based on observable market inputs, where possible.
The Group's financial assets and liabilities are subject to the following risks:
The Group's financial assets and liabilities do not give rise to significant exposure to currency fluctuations, other than in relation to the Group's translation of its net investment in foreign operations for the year ended. The Group's net assets in net investment hedges are not expected to have a material impact on reported results, other than in relation to the Group's translation of its net investment in foreign operations for the year ended. The Group's net assets in net investment hedges are not expected to have a material impact on reported results, other than in relation to the Group's translation of its net investment in foreign operations for the year ended. The Group's net assets in net investment hedges are not expected to have a material impact on reported results, other than in relation to the Group's translation of its net investment in foreign operations for the year ended.
The Group's net investment in foreign operations is translated at the exchange rate at the reporting date, and translation differences are recognised in other comprehensive income.
The Group's financial assets and liabilities do not give rise to significant exposure to interest rate fluctuations, other than in relation to the Group's translation of its net investment in foreign operations for the year ended. The Group's net assets in net investment hedges are not expected to have a material impact on reported results, other than in relation to the Group's translation of its net investment in foreign operations for the year ended. The Group's net assets in net investment hedges are not expected to have a material impact on reported results, other than in relation to the Group's translation of its net investment in foreign operations for the year ended.
The Group's financial assets and liabilities do not give rise to significant exposure to currency risk and interest rate risk. Accordingly, the Group has not entered into any hedging strategies to mitigate such risks. The Group's financial assets and liabilities do not give rise to significant exposure to currency risk and interest rate risk. Accordingly, the Group has not entered into any hedging strategies to mitigate such risks. The Group's financial assets and liabilities do not give rise to significant exposure to currency risk and interest rate risk. Accordingly, the Group has not entered into any hedging strategies to mitigate such risks.
The Group's financial assets and debt related instruments are subject to credit risk. The Group's credit risk exposures arise from trade receivables and other receivables. The Group's credit risk is managed by ensuring that it only trades with creditworthy counterparties and by obtaining approved credit limits. The Group's credit risk management policy is to ensure that it only trades with creditworthy counterparties and by obtaining approved credit limits. The Group's credit risk management policy is to ensure that it only trades with creditworthy counterparties and by obtaining approved credit limits.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
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The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
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The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
The Group's financial assets do not contain any significant credit risk. The Group's financial assets do not contain any significant credit risk.
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## Hedging
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## $FFRXQWLQJFODVVLƬFDWLRQV
### 2021
| m | " " | ð |
|---|---|---|
| )LQDQFLDODVVHWVPHDVXUHGDWIDLUYDOXHWKURXJKSURƬWRUORVV ×òñ¡ôøäïìéüìñêçèéèõõèçæòðóèñöä÷ìòñóïäñ | ð | !# |
| Òñ÷èõèö÷õä÷èöúäóö | ð &" | |
| )LQDQFLDODVVHWVPHDVXUHGDWIDLUYDOXHWKURXJKSURƬWRUORVV | ð #! |
### Financial assets measured at amortised cost
| m | " " | ð |
|---|---|---|
| Ýõäçèõèæèìùäåïèö | ð #& | |
| Ìòñ÷õäæ÷äööè÷ö | ð '!# | |
| Ìäöëäñçæäöëèôøìùäïèñ÷ö | ð &&# |
### )LQDQFLDOOLDELOLWLHVDWIDLUYDOXHWKURXJKSURƬWRUORVV
| m | " " | ð |
|---|---|---|
| Ïòõúäõçèûæëäñêèæòñ÷õäæ÷ö t %¥ | ||
| Ìòñ÷ìñêèñ÷äñççèéèõõèçæòñöìçèõä÷ìòñ (12.7) ¤#¥ |
### )LQDQFLDOOLDELOLWLHVPHDVXUHGDWDPRUWLVHGFRVW
| m | " " | ð |
|---|---|---|
| Ýõäçèóäüäåïèö (268.8) ¤!&)#¥ | ||
| Ìòñ÷õäæ÷ïìäåìïì÷ìèö (46.5) ¤$#)¥ | ||
| Õòäñöäñçåòõõòúìñêö (200.6) ¤!(% ¥ | ||
| Õèäöèïìäåìïì÷ìèö (75.4) ¤'#(¥ |
## Keller Group plc
ÊññøäïÛèóòõ÷äñçÊææòøñ÷ö" "! Financial Statements162
### (ƪHFWLYHLQWHUHVWUDWHVDQGPDWXULW\DQDO\VLV
Òñõèöóèæ÷òéĤñäñæìäïïìäåìïì÷ìèö÷ëèéòïïòúìñê÷äåïèìñçìæä÷èö÷ëèìõèģèæ÷ìùèìñ÷èõèö÷õä÷èöäñçøñçìöæòøñ÷èçæòñ÷õäæ÷øäïæäöëĥòúöä÷÷ëèåäïäñæèöëèè÷çä÷è
| 2021 | (ƪHFWLYH interest rate % | 'XHZLWKLQ 1 year £m | 'XHZLWKLQ t\HDUV £m | 'XHZLWKLQ t\HDUV £m | 'XHDIWHU more than 5 years £m | Tota l £m | Carrying amount as shown in the EDODQFHVKHHW £m |
|---|---|---|---|---|---|---|---|
| Ëäñîïòäñöäñçòùèõçõäé÷ö | 1.0 | 1.5 | 0.4 | 139.3 | 0.1 | 141.3 | 141.8 |
| Ëòñçöäñçò÷ëèõïòäñö | 1.6 | 3.6 | 2.3 | 57.8 | t 63.7 | 58.8 | |
| Õèäöèïìäåìïì÷ìèö | t | 30.3 | 17.4 | 27.3 | 7.6 | 82.6 | 75.4 |
| Ìòñ÷õäæ÷ïìäåìïì÷ìèö | t | 46.5 | ttt46.5 | 46.5 | |||
| Ýõäçèóäüäåïèö | t | 268.8 | ttt268.8 | 268.8 | |||
| Ìòñ÷ìñêèñ÷æòñöìçèõä÷ìòñ | t | 12.3 | 0.4 | tt12.7 | 12.7 | ||
| 363.0 | 20.5 | 224.4 | 7.7 | 615.6 | 604.0 |
### " " Îģèæ÷ìùè ìñ÷èõèö÷õä÷è
| Íøèúì÷ëìñ !üèäõ | Íøèúì÷ëìñ !¢"üèäõö | Íøèúì÷ëìñ "¢%üèäõö | Íøèäé÷èõ ðòõè÷ëäñ %üèäõö | Ýò÷äï | Ìäõõüìñêäðòøñ÷ äööëòúñìñ÷ëè åäïäñæèöëèè÷ | Ëäñîïòäñöäñçòùèõçõäé÷ö | Ëòñçöäñçò÷ëèõïòäñö | Õèäöèïìäåìïì÷ìèö | Ìòñ÷õäæ÷ïìäåìïì÷ìèö | Ýõäçèóäüäåïèö | Ìòñ÷ìñêèñ÷æòñöìçèõä÷ìòñ
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|ð |ð |ð |ð |ð |ð | "! $) | – ( ! % | (%% | (%# | !& $ & $% | %)# | – ! $$ | ))' | – "'$ | !(' | "$' | !!! | (!) | '#( | $#) | ––– | $#) | $#) | !&)# | !&)# | ( | "" | –– | # | # "(&( | "%$ | !&$! | !!& | $(( $'%
### /RDQVDQGERUURZLQJVDQDO\VLV
| 2021 £m | " " | ð |
|---|---|---|
| z'%ðóõìùä÷èóïäæèðèñ÷¤çøèÍèæèðåèõ" "$¥ | 58.1 & | |
| z% ðóõìùä÷èóïäæèðèñ÷¤õèóäìçØæ÷òåèõ" "!¥ | t #'# | |
| #'%ðöüñçìæä÷èçõèùòïùìñêæõèçì÷éäæìïì÷ü¤èûóìõìñê×òùèðåèõ" "%¥ | 138.5 '(# | |
| Ëäñîòùèõçõäé÷ö | 0.9 $' | |
| Ø÷ëèõåäñîåòõõòúìñêö | 2.4 "# | |
| Ø÷ëèõïòäñö | 0.7 "$ | |
| Õèäöèïìäåìïì÷ìèö¤ñò÷è"&¥ | 75.4 '#( | |
| 7RWDOORDQVDQGERUURZLQJV | 276.0 "%(( |
ÝëèÐõòøóëäööøåö÷äñ÷ìäïåòõõòúìñêéäæìïì÷ìèöäùäìïäåïè÷òì÷Ýëèøñçõäúñæòððì÷÷èçéäæìïì÷ìèöäùäìïäåïèä÷#!Íèæèðåèõ" "!äðòøñ÷èç÷ò|"#%%ð ¤" " |#!#"ð¥Ýëìöðäìñïüæòðóõìöèç÷ëèøñø÷ìïìöèçóòõ÷ìòñòé÷ëèÐõòøóđö|#'%ðõèùòïùìñêæõèçì÷éäæìïì÷üúëìæëèûóìõèöòñ"#×òùèðåèõ" "%Òñ äççì÷ìòñ÷ëèÐõòøóëäçøñçõäúñøñæòððì÷÷èçåòõõòúìñêéäæìïì÷ìèö÷ò÷äïïìñê|%&$ðä÷#!Íèæèðåèõ" "!¤" " |#%)$ð¥Òñ" " ÷ëìöìñæïøçèç|# ð äùäìïäåïèøñçèõ÷ëèËäñîòéÎñêïäñçÌòùìçÌòõóòõä÷èÏìñäñæìñêÏäæìïì÷ü¤ÌÌÏÌ¥úëìæëèûóìõèç"#Öäõæë" "!×òçõäúìñêöúèõèðäçèòñ÷ëèÌÌÏÌØ÷ëèõ øñæòððì÷÷èçåäñîåòõõòúìñêéäæìïì÷ìèöäõèñòõðäïïüõèäĦõðèçåü÷ëèåäñîöäññøäïïüäï÷ëòøêë÷ëèüæäñ÷ëèòõè÷ìæäïïüåèúì÷ëçõäúñä÷äñü÷ìðèÏäæìïì÷ìèö ÷ò÷äïïìñê|#"ð¤" " |$ ð¥äõèöèæøõèçäêäìñö÷æèõ÷äìñäööè÷öÏø÷øõèòåïìêä÷ìòñöøñçèõĤñäñæèïèäöèöòñäéòõðèõÒÊÜ!'åäöìö÷ò÷äïïèç|!%ð¤" " |""ð¥ìñæïøçìñêìñ÷èõèö÷òé| !ð¤" " |ñìï¥
## Keller Group plc
ÊññøäïÛèóòõ÷äñçÊææòøñ÷ö" "! Financial Statements 163
### ×ò÷èö÷ò÷ëèæòñöòïìçä÷èçĤñäñæìäïö÷ä÷èðèñ÷ö continued
| 25 | Financial instrumentsæòñ÷ìñøèç | Ìëäñêèöìñïòäñöäñçåòõõòúìñêöúèõèäöéòïïòúö | " " | |ð
---|---|---|---|
| Ìäöëĥòúö | |ð
| Ø÷ëèõ ! | |ð
| ×èúïèäöèö | |ð
| Êæôøìöì÷ìòñòé businesses | |ð
| Ïòõèìêñ èûæëäñêè ðòùèðèñ÷ö | |ð
| Ïäìõùäïøè æëäñêèö | |ð
| 2021 £m | " " | |ð
---|---|---|---|
| Ëäñîòùèõçõäé÷ö | ¤$'¥ | #' | ––– | ! | – | (0.9)
| Ëäñîïòäñö | ¤( &¥ | ¤%) ¥ | ¤!"¥ | –– | ¤ !¥ | – | (140.9)
| Ø÷ëèõïòäñö | ¤))'¥ | #'" | & | –– | ¤ %¥ | #& | (58.8)
| Õèäöèïìäåìïì÷ìèö¤ñò÷è"&¥ | ¤'#(¥ | ")( | ¤'!¥ | ¤"#$¥ | ¤!$¥ | % | – | (75.4)
| 7RWDOORDQVDQGERUURZLQJV | ¤"%((¥ | !!' | ¤''¥ | ¤"#$¥ | ¤!$¥ | – | #& | (276.0)
| 'HULYDWLYHƬQDQFLDOLQVWUXPHQWV | %' | ––––– | ¤#!¥ | 2.6 | !
### &DVKƮRZKHGJHV
Ê÷#!Íèæèðåèõ" "!÷ëèÐõòøóëèïçñòìñö÷õøðèñ÷ö÷òëèçêèèûóòöøõèö÷òæëäñêèìñéòõèìêñæøõõèñæüõä÷èöÊ÷#!Íèæèðåèõ" " ÷ëèÐõòøóëèïç ÷ëèéòïïòúìñêìñö÷õøðèñ÷ö
| | Maturity | Carrying amount | Change in fair value used for calculating hedge LQHƪHFWLYHQHVV £m | Nominal amount $m | \HDU £m | t\HDUV £m | t\HDUV £m | !\HDUV £m | Asset £m | Liability 1 £m |
|---|---|---|---|---|---|---|---|---|---|---|
| )RUZDUGH[FKDQJHFRQWUDFWV | | – | – | – | – | | – | | ! | |
| Òñæïøçèçúì÷ëìñò÷ëèõïìäåìïì÷ìèö |
### Fair value hedges
ÝëèÐõòøóëèïç÷ëèéòïïòúìñêìñö÷õøðèñ÷ö÷òëèçêèèûóòöøõèö÷òæëäñêèöìñìñ÷èõèö÷õä÷èö
| 2021 | Maturity | Carrying amount | Change in fair value used for calculating hedge LQHƪHFWLYHQHVV £m | Nominal 2 amount $m | <1 year £m | t\HDUV £m | t\HDUV £m | >5 years £m | Asset 1 £m | /LDELOLW\ £m
---|---|---|---|---|---|---|---|---|---|---|---
Òñ÷èõèö÷õä÷èöúäóö | tt2.6 | t | 2.6 | tt9.4 | " "
### Öä÷øõì÷ü
| Ìäõõüìñêäðòøñ÷ | Ìëäñêèìñéäìõùäïøèøöèç éòõæäïæøïä÷ìñêëèçêè ìñèģèæ÷ìùèñèöö | |ð | ×òðìñäï " | äðòøñ÷ zð | !üèäõ | |ð | !¢"üèäõö | |ð | "¢%üèäõö | |ð | %üèäõö | |ð | Êööè÷ ! | |ð | Õìäåìïì÷ü | |ð
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Òñ÷èõèö÷õä÷èöúäóö | ( | – | %$ | – | &" | –– | !$$ | !
### " ÝëèäùèõäêèĤûèçìñ÷èõèö÷õä÷èìö$ ]
### ÝëèÐõòøóëäç÷ëèéòïïòúìñêëèçêèçì÷èðöõèïä÷ìñê÷ò÷ëèäåòùèìñö÷õøðèñ÷ö
| 2021 | " " | Carrying 1 amount OLDELOLW\ £m | Change in fair value used for calculating hedge LQHƪHFWLYHQHVV £m | Hedge 2 LQHƪHFWLYHQHVV LQSURƬW or loss £m |
|---|---|---|---|---|
| Ìäõõüìñê ! äðòøñ÷ ïìäåìïì÷ü | ð | Ìëäñêèìñéäìõ ùäïøèøöèçéòõ æäïæøïä÷ìñêëèçêè ìñèģèæ÷ìùèñèöö | ||
| z'%ðóõìùä÷èóïäæèðèñ÷ö¤" " z!"%ð¥ | (58.1) | tt¤)'#¥ | – | – |
| Ïäìõùäïøèëèçêèäçíøö÷ðèñ÷ö | 3.6 | tt"( | – | – |
### ! Òñæïøçèçúì÷ëìñïòäñöäñçåòõõòúìñêö
### " Òñæïøçèçìñòóèõä÷ìñêóõòĤ÷éòõ÷ëèüèäõ
### ×òñ¡ìñ÷èõèö÷¡åèäõìñêĤñäñæìäïïìäåìïì÷ìèöæòðóõìöè÷õäçèóäüäåïèöäñçæòñ÷õäæ÷ïìäåìïì÷ìèöòé|#!%#ð¤" " |"!#"ð¥óäüäåïèúì÷ëìñòñèüèäõ
## Fair values
Ýëèéäìõùäïøèöòé÷ëèÐõòøóđöĤñäñæìäïäööè÷öäñçïìäåìïì÷ìèöäõèñò÷ðä÷èõìäïïüçìģèõèñ÷éõòð÷ëèìõæäõõüìñêùäïøèöÝëèéòïïòúìñêöøððäõìöèö÷ëèðäíòõ ðè÷ëòçöäñçäööøðó÷ìòñöøöèçìñèö÷ìðä÷ìñê÷ëèéäìõùäïøèöòéĤñäñæìäïìñö÷õøðèñ÷öåèìñêçèõìùä÷ìùèöìñ÷èõèö÷¡åèäõìñêïòäñöäñçåòõõòúìñêöæòñ÷ìñêèñ÷ äñççèéèõõèçæòñöìçèõä÷ìòñäñçóäüäåïèöõèæèìùäåïèöäñçæòñö÷õøæ÷ìòñäööè÷ö
### 'HULYDWLYHV
Ýëèéäìõùäïøèöòéìñ÷èõèö÷õä÷èäñçæõòöö¡æøõõèñæüöúäóöäõèæäïæøïä÷èçåäöèçòñèûóèæ÷èçéø÷øõèóõìñæìóäïäñçìñ÷èõèö÷æäöëĥòúöçìöæòøñ÷èçøöìñê ðäõîè÷õä÷èöóõèùäìïìñêä÷÷ëèåäïäñæèöëèè÷çä÷èÝëèùäïøä÷ìòñðè÷ëòçöòéäïïòé÷ëèÐõòøóđöçèõìùä÷ìùèĤñäñæìäïìñö÷õøðèñ÷öæäõõìèçä÷éäìõùäïøèäõè æä÷èêòõìöèçäöÕèùèï"Õèùèï"äööè÷öäõèĤñäñæìäïäööè÷öäñçïìäåìïì÷ìèö÷ëä÷çòñò÷ëäùèõèêøïäõðäõîè÷óõìæìñêåø÷úëòöèéäìõùäïøèæäñåèçè÷èõðìñèç åäöèçòñò÷ëèõçä÷äùäïøèöòõðäõîè÷óõìæèö
### ,QWHUHVWEHDULQJORDQVDQGERUURZLQJV
Ïäìõùäïøèìöæäïæøïä÷èçåäöèçòñèûóèæ÷èçéø÷øõèóõìñæìóäïäñçìñ÷èõèö÷æäöëĥòúöçìöæòøñ÷èçøöìñêäóóõòóõìä÷èçìöæòøñ÷õä÷èöóõèùäìïìñêä÷÷ëèåäïäñæè öëèè÷çä÷è
### Contingent and deferred consideration
Ïäìõùäïøèìöæäïæøïä÷èçåäöèçòñ÷ëèäðòøñ÷öèûóèæ÷èç÷òåèóäìççè÷èõðìñèçåüõèéèõèñæè÷òéòõèæäö÷öòééø÷øõèóèõéòõðäñæèòé÷ëèäæôøìõèç åøöìñèööèöçìöæòøñ÷èçøöìñêäóóõòóõìä÷èçìöæòøñ÷õä÷èöóõèùäìïìñêä÷÷ëèåäïäñæèöëèè÷çä÷èäñç÷ëèóõòåäåìïì÷üòéæòñ÷ìñêèñ÷èùèñ÷öäñç÷äõêè÷öåèìñê äæëìèùèçÝëèùäïøä÷ìòñðè÷ëòçöòé÷ëèÐõòøóđöæòñ÷ìñêèñ÷æòñöìçèõä÷ìòñæäõõìèçä÷éäìõùäïøèäõèæä÷èêòõìöèçäöÕèùèï#Õèùèï#äööè÷öäõèĤñäñæìäïäööè÷öäñç ïìäåìïì÷ìèö÷ëä÷äõèæòñöìçèõèç÷òåè÷ëèðòö÷ìïïìôøìçÝëèìõùäïøèöëäùèåèèñèö÷ìðä÷èçøöìñêäùäìïäåïèðäñäêèðèñ÷ìñéòõðä÷ìòñìñæïøçìñêöøåíèæ÷ìùè äööøðó÷ìòñöÝëèõèäõèñòìñçìùìçøäïïüöìêñìĤæäñ÷øñòåöèõùäåïèìñóø÷öøöèçìñ÷ëèéäìõùäïøèðèäöøõèðèñ÷òé÷ëèÐõòøóđöæòñ÷ìñêèñ÷æòñöìçèõä÷ìòñäöä÷#!Íèæèðåèõ" "!
### Ýëèé òïïòúìñê ÷äåïèöëò úö äõ èæòñæìïìä÷ìòñ éõ òð ÷ëèòóèñìñê÷ ò æïòöìñêåäïäñæè ö é òõ æ òñ÷ìñêèñ÷ äñççèé èõõèç æ òñöìçèõä÷ìòñ
| 2021 £m | " " | |ð
---|---|---|
| Ê÷!Óäñøäõü | 3.0 | "$
| Êæôøìöì÷ìòñòéåøöìñèööèö¤ñò÷è%¥ | 8.8 | –# 2021 " " Üëäõèóõìæèä÷êõäñ÷ 856.0p '" ó àèìêë÷èçäùèõäêèèûèõæìöèóõìæè 0.0p ó Îûóèæ÷èçùòïä÷ìïì÷ü 47.3% #)!] Îûóèæ÷èçïìéè 3 years #üèäõö Ûìöî¡éõèèõä÷è 0.14% !!] Îûóèæ÷èççìùìçèñçüìèïç 0.00% ] Îûóèæ÷èçùòïä÷ìïì÷üúäöçè÷èõðìñèçåüæäïæøïä÷ìñê÷ëèëìö÷òõìæäïùòïä÷ìïì÷üòé÷ëèÐõòøóđööëäõèóõìæèòùèõ÷ëèóõèùìòøö÷ëõèèüèäõöäçíøö÷èçéòõäñüèûóèæ÷èç æëäñêèö÷òéø÷øõèùòïä÷ìïì÷üçøè÷òóøåïìæïüäùäìïäåïèìñéòõðä÷ìòñ ÝëèÐõòøóõèæòêñìöèç÷ò÷äïèûóèñöèö¤ìñæïøçèçìñòóèõä÷ìñêæòö÷ö¥òé|#)ð¤" " |"$ð¥õèïä÷èç÷òôøì÷ü¡öè÷÷ïèçöëäõè¡åäöèçóäüðèñ÷÷õäñöäæ÷ìòñö Ýëèúèìêë÷èçäùèõäêèéäìõùäïøèòéòó÷ìòñöêõäñ÷èçìñ÷ëèüèäõúäö("'&ó¤" " &)%%ó¥ Ýëèäúäõçöúëìæëäõè÷äîèñäööëäõèöäõèìñ÷èñçèç÷òåèöä÷ìöĤèçéõòðöëäõèöëèïçøñçèõ÷ëèÔèïïèõÐõòøóÎðóïòüèèËèñèĤ÷Ýõøö÷¤÷ëèĐÝõøö÷đ¥òõéõòð ÷õèäöøõüöëäõèöëèïçÝëèöëäõèöëèïçåü÷ëèÝõøö÷äõèäææòøñ÷èçéòõäöäçèçøæ÷ìòñéõòðèôøì÷üìñõè÷äìñèçèäõñìñêöÊ÷#!Íèæèðåèõ" "!$!'"$ òõçìñäõüöëäõèöúèõèëèïçåü÷ëèÝõøö÷úì÷ëäùäïøèòé|#'ðÝëèöèöëäõèöúèõèóøõæëäöèççøõìñê÷ëèüèäõÊ÷#!Íèæèðåèõ" " ñòöëäõèöúèõèëèïçìñ ÷ëèÝõøö÷
ÝëèÐõòøóòóèõä÷èöóèñöìòñöæëèðèöìñ÷ëèÞÔäñçòùèõöèäö Òñ÷ëèÞÔ÷ëèÐõòøóòóèõä÷èö÷ëèÔèïïèõÐõòøóÙèñöìòñÜæëèðè¤÷ëèĐÜæëèðèđ¥äçèĤñèçåèñèĤ÷öæëèðèúëìæëëäöåèèñæïòöèç÷òñèúðèðåèõööìñæè !)))äñçúäöæïòöèç÷òäïïéø÷øõèåèñèĤ÷äææõøäïúì÷ëèģèæ÷éõòð#!Öäõæë" &Þñçèõ÷ëèÜæëèðèèðóïòüèèöäõèñòõðäïïüèñ÷ì÷ïèç÷òõè÷ìõèðèñ÷ åèñèĤ÷öòñä÷÷äìñðèñ÷òéäõè÷ìõèðèñ÷äêèòé&%ÝëèÜæëèðèìööøåíèæ÷÷òÞÔóèñöìòñöïèêìöïä÷ìòñúëìæëìñ÷èõäïìäóõòùìçèöéòõ÷ëèõèêøïä÷ìòñòé úòõî¡åäöèçóèñöìòñöæëèðèöåüÝëèÙèñöìòñöÛèêøïä÷òõÝëè÷õøö÷èèöäõèäúäõèòéäñçäçëèõè÷ò÷ëèÌòçèöòéÙõäæ÷ìæèìööøèçåüÝëèÙèñöìòñö Ûèêøïä÷òõÝëèÜæëèðè÷õøö÷èèöæøõõèñ÷ïüæòðóõìöèòñèðèðåèõ¡ñòðìñä÷èç÷õøö÷èèäñç÷úòèðóïòüèõ¡ñòðìñä÷èç÷õøö÷èèöÊñèðóïòüèõ¡ñòðìñä÷èç ÷õøö÷èèìöäïöò÷ëèÌëäìõòé÷ëè÷õøö÷èèöÝëèÜæëèðèèûóòöèö÷ëèÐõòøó÷òäæ÷øäõìäïõìöîööøæëäöïòñêèùì÷üõìöîìñ÷èõèö÷õä÷èõìöîäñçðäõîè÷¤ìñùèö÷ðèñ÷¥ õìöîúëìæëäõèðäñäêèç÷ëõòøêë÷ëèìñùèö÷ðèñ÷ö÷õä÷èêü÷òäææèó÷äåïèïèùèïöèö÷äåïìöëèçåü÷ëè÷õøö÷èèöÝëèÜæëèðèæäñìñùèö÷ìñäúìçèõäñêèòéäööè÷ æïäööèöìñæïøçìñêèôøì÷ìèöåòñçöæäöëóõòóèõ÷üäï÷èõñä÷ìùèö¤ìñæïøçìñêóõìùä÷èèôøì÷üæòððòçì÷ìèöëèçêèéøñçöìñéõäö÷õøæ÷øõèæøõõèñæüëìêëüìèïççèå÷ äñççèõìùä÷ìùèö¥äñçäññøì÷üóòïìæìèöÊñüìñùèö÷ðèñ÷ìñçèõìùä÷ìùèìñö÷õøðèñ÷öìöòñïüðäçè÷òæòñ÷õìåø÷è÷òäõèçøæ÷ìòñìñ÷ëèòùèõäïïïèùèïòéõìöîìñ÷ëèóòõ÷éòïìòòõéòõ÷ëèóøõóòöèöòéèĦæìèñ÷óòõ÷éòïìòðäñäêèðèñ÷àì÷ëèģèæ÷éõòð÷ëèðòö÷õèæèñ÷äæ÷øäõìäïùäïøä÷ìòñçä÷è¤%Êóõìï" " ¥÷ëèÐõòøóëäö äêõèèç÷òóäüäññøäïæòñ÷õìåø÷ìòñöòé|"'ð÷òìñæõèäöèåü#&]óèõäññøðøñ÷ìï%Êøêøö÷" "$öøåíèæ÷÷òäõèùìèúòé÷ëèïèùèïòéèðóïòüèõ æòñ÷õìåø÷ìòñöä÷÷ëèñèû÷äæ÷øäõìäïõèùìèúìñ" "# Ëè÷úèèñ!)))äñç!)))'÷ëèÜæëèðèðèðåèõöäææõøèçäÐøäõäñ÷èèçÖìñìðøðÙèñöìòñ¤ÐÖÙ¥Ýëìöäðòøñ÷çìģèõèçåè÷úèèñðèñäñçúòðèñìñ äææòõçäñæèúì÷ë÷ëèõøïèöúëìæëúèõèäóóïìæäåïèä÷÷ëä÷÷ìðèØñ"&Øæ÷òåèõ" !(÷ëèõèúäöäæòøõ÷íøçêèðèñ÷¤ìñ÷ëèæäöèòéÕïòüçöËäñîìñêÐõòøó ÙèñöìòñöÝõøö÷èèöÕìðì÷èçùÕïòüçöËäñîÙÕÌ¥÷ëä÷æòñĤõðèç÷ëä÷ÐÖÙìö÷òåèðäçèèôøäïéòõðèñäñçúòðèñÒñ" !(÷ëèèö÷ìðä÷èçìñæõèäöèìñ÷ëè Üæëèðèđöïìäåìïì÷üúäö|!#ðúëìæëúäöõèæòêñìöèçäöäóäö÷öèõùìæèæòö÷ìñ" !(äöäæëäõêè÷òñòñ¡øñçèõïüìñêì÷èðöØñ" ×òùèðåèõ" " ÷ëèõè úäöäñøóçä÷èçíøçêèðèñ÷õèôøìõìñêäñäïïòúäñæè÷òåèðäçèéòõóäö÷÷õäñöéèõöÝëèèö÷ìðä÷èçìñæõèäöèìñ÷ëèÜæëèðèđöïìäåìïì÷üìñõèöóèæ÷òé÷ëìöìöïèöö ÷ëäñ| !ðÝëèöèèö÷ìðä÷èöõèðäìñäóóõòóõìä÷èéòõ" "!Ýëèäæ÷øäïæòö÷ðäüçìģèõúëèñ÷ëèÐÖÙèôøäïìöä÷ìòñèûèõæìöèìöæòðóõìöè ÝëèÐõòøóëäö÷úòÞÔçèĤñèçæòñ÷õìåø÷ìòñõè÷ìõèðèñ÷åèñèĤ÷öæëèðèöÝëèõèúèõèñòæòñ÷õìåø÷ìòñöòø÷ö÷äñçìñêìñõèöóèæ÷òé÷ëèöèöæëèðèöä÷ #!Íèæèðåèõ" "!¤" " |ñìï¥Ýëè÷ò÷äïÞÔçèĤñèçæòñ÷õìåø÷ìòñóèñöìòñæëäõêèéòõ÷ëèüèäõúäö|!$ð¤" " |!"ð¥ ÝëèÐõòøóëäöçèĤñèçåèñèĤ÷õè÷ìõèðèñ÷òåïìêä÷ìòñöìñÐèõðäñüäñçÊøö÷õìäÞñçèõ÷ëèöèöæëèðèöèðóïòüèèöäõèèñ÷ì÷ïèç÷òõè÷ìõèðèñ÷åèñèĤ÷öòñ ä÷÷äìñðèñ÷òéäõè÷ìõèðèñ÷äêèòé&%óõòùìçèç÷ëèüëäùèèì÷ëèõĤùèòõ÷èñüèäõöòéèðóïòüðèñ÷úì÷ë÷ëèÐõòøóçèóèñçìñêòñ÷ëèäõèäòõĤèïç÷ëèüäõè úòõîìñêìñÝëèäðòøñ÷òéåèñèĤ÷óäüäåïèçèóèñçöòñ÷ëèêõäçèòé÷ëèèðóïòüèèäñç÷ëèñøðåèõòéüèäõöòéöèõùìæèËèñèĤ÷öøñçèõ÷ëèöèöæëèðèöòñïü äóóïü÷òèðóïòüèèöúëòíòìñèç÷ëèÐõòøóóõìòõ÷ò!)))'ÝëèöèçèĤñèçåèñèĤ÷õè÷ìõèðèñ÷òåïìêä÷ìòñöäõèéøñçèçòñ÷ëèÐõòøóđöåäïäñæèöëèè÷äñç òåïìêä÷ìòñöäõèðè÷äöäñçúëèñõèôøìõèçåü÷ëèÐõòøó
| The Keller Group Pension Üæëèðè¤ÞÔ¥ | " " | German 1 , Austrian and other schemes 2021 | £m | Ðèõðäñ ! Êøö÷õìäñäñç other schemes | " " | |---|---|---|---|---|---|
|---|---|---|---|---|---|
| &KDQJHVLQVFKHPHOLDELOLWLHV | | | | | |
| Øóèñìñêåäïäñæè | (65.0) | ¤& $¥ | (21.9) | ¤" '¥ | |
| Ìøõõèñ÷öèõùìæèæòö÷ | t | – | (0.6) | ¤ '¥ | |
| Interest cost | (0.8) | ¤!"¥ | (0.1) | ¤ !¥ | |
| ËèñèĤ÷öóäìç | 2.1 | #' | 1.5 | !" | |
| Îûæëäñêèðòùèðèñ÷ö | t | – | 1.0 | ¤ (¥ | |
| ÎûóèõìèñæèïòööòñçèĤñèçåèñèĤ÷òåïìêä÷ìòñ | t | ¤ $¥ | t | – | |
| Ìëäñêèö÷òçèðòêõäóëìæäööøðó÷ìòñö | (0.6) | "' | t | – | |
| Ìëäñêèö÷òĤñäñæìäïäööøðó÷ìòñö | 6.0 | ¤)$¥ | 1.2 | ¤ (¥ | |
| &ORVLQJEDODQFH | (58.3) | ¤&% ¥ | (18.9) | ¤"!)¥ | |
| Changes in scheme assets | | | | | |
| Øóèñìñêåäïäñæè | 58.0 | %"" | t | – | |
| Òñ÷èõèö÷òñäööè÷ö | 0.7 | ! | t | – | |
| Êçðìñìö÷õä÷ìòñæòö÷ö | (0.2) | ¤ "¥ | t | – | |
| Îðóïòüèõæòñ÷õìåø÷ìòñö | 2.7 | "& | t | – | |
| ËèñèĤ÷öóäìç | (2.1) | ¤#'¥ | t | – | |
| Ûè÷øõñòñóïäñäööè÷öïèööìñ÷èõèö÷ | 4.6 | &! | t | – | |
| &ORVLQJEDODQFH | 63.7 | %( t | – | | |
ÝëèÐõòøóëäöäñøðåèõòéèñçòéöèõùìæèöæëèðèöìñ÷ëèÖìççïèÎäö÷äöõèôøìõèçåüïòæäïïäúöäñçõèêøïä÷ìòñöÝëèäðòøñ÷òéåèñèĤ÷óäüäåïèçèóèñçö òñ÷ëèæøõõèñ÷öäïäõüòé÷ëèèðóïòüèèäñç÷ëèñøðåèõòéüèäõöòéöèõùìæèÝëèöèõè÷ìõèðèñ÷òåïìêä÷ìòñöäõèéøñçèçòñ÷ëèÐõòøóđöåäïäñæèöëèè÷äñç òåïìêä÷ìòñöäõèðè÷äöäñçúëèñõèôøìõèçåü÷ëèÐõòøóÝëèÐõòøóòóèõä÷èöäçèĤñèçæòñ÷õìåø÷ìòñöæëèðèéòõèðóïòüèèöìñ×òõ÷ëÊðèõìæäúëèõè÷ëèÐõòøóìöõèôøìõèç÷òðä÷æëèðóïòüèèæòñ÷õìåø÷ìòñöøó÷ò äæèõ÷äìñïèùèïìñäææòõçäñæèúì÷ë÷ëèöæëèðèõøïèöÝëè÷ò÷äï×òõ÷ëÊðèõìæäóèñöìòñæëäõêèéòõ÷ëèüèäõúäö|&$ð¤" " |%)ð¥ ÒñÊøö÷õäïìä÷ëèõèìöäçèĤñèçæòñ÷õìåø÷ìòñöæëèðèúëèõè÷ëèÐõòøóìöõèôøìõèç÷òèñöøõè÷ëä÷äóõèöæõìåèçïèùèïòéöøóèõäññøä÷ìòñöøóóòõ÷òéäñ èðóïòüèèđöñò÷ìòñäïåäöèèäõñìñêöìöðäçèÝìöóõèöæõìåèçïèùèïòéöøóóòõ÷ìöæøõõèñ÷ïü! ]¤" " )%]¥Ýëè÷ò÷äïÊøö÷õäïìäñóèñöìòñæëäõêèéòõ÷ëè üèäõúäö|#(ð¤" " |#!ð¥
| The Keller Group Pension Scheme (UK) 2021 | £m | The Keller Group Pension Üæëèðè¤ÞÔ¥ | " " | German and Austrian schemes 2021 | £m | Ðèõðäñäñç Êøö÷õìäñ schemes | " " |
|---|---|---|---|---|---|---|---|
| Öäïèæøõõèñ÷ïüäêèç&% | 21.0 | " ) | 19.5 | !)$ | |||
| Ïèðäïèæøõõèñ÷ïüäêèç&% | 23.3 | "## | 22.8 | ""( |
| The Keller Group Pension Scheme (UK) 2021 | £m | The Keller Group Pension Üæëèðè¤ÞÔ¥ | " " | German, Austrian and other schemes 2021 | £m | Ðèõðäñ Êøö÷õìäñäñç other schemes | " " |
|---|---|---|---|---|---|---|---|
| Îôøì÷ìèö | 16.8 | !'% | t | – | |||
| Ýäõêè÷õè÷øõñéøñçö¹ | 8.1 | !$% | t | – | |||
| Gilts | t | ! ! | t | – | |||
| Ëòñçö | 19.7 | ! | t | – | |||
| Õìäåìïì÷üçõìùèñìñùèö÷ìñê¤ÕÍÒ¥óòõ÷éòïìòö² | 15.9 | – | t | – | |||
| Ìäöë | 3.2 | ! | t | – | |||
| 63.7 | %"" | t | – |
! ÊçìùèõöìĤèçêõòú÷ëéøñçöóïì÷åè÷úèèñðäìñïüÞÔïìö÷èçèôøì÷ìèöåòñçöäñçäï÷èõñä÷ìùèìñùèö÷ðèñ÷öúëìæëäõèæäóóèçä÷" ]òé÷ëè÷ò÷äïéøñç " Êóòõ÷éòïìòòéêìï÷äñçöúäóæòñ÷õäæ÷öåäæîèçåüìñùèö÷ðèñ÷¡êõäçèæõèçì÷ìñö÷õøðèñ÷ö÷ëä÷ìöçèöìêñèç÷òëèçêè÷ëèðäíòõì÷üòé÷ëèìñ÷èõèö÷õä÷èäñçìñĥä÷ìòñõìöîöäööòæìä÷èçúì÷ë÷ëèÜæëèðèöđ òåïìêä÷ìòñö
| The Keller Group Pension Üæëèðè¤ÞÔ¥ | " " | German 1 , Austrian and other schemes 2021 | £m | Ðèõðäñ ! Êøö÷õìäñäñç other schemes | " " |
|---|---|---|---|---|---|
| &KDQJHVLQVFKHPHOLDELOLWLHV | |||||
| Øóèñìñêåäïäñæè | (65.0) | ¤& $¥ | (21.9) | ¤" '¥ | |
| Ìøõõèñ÷öèõùìæèæòö÷ | t | – | (0.6) | ¤ '¥ | |
| Interest cost | (0.8) | ¤!"¥ | (0.1) | ¤ !¥ | |
| ËèñèĤ÷öóäìç | 2.1 | #' | 1.5 | !" | |
| Îûæëäñêèðòùèðèñ÷ö | t | – | 1.0 | ¤ (¥ | |
| ÎûóèõìèñæèïòööòñçèĤñèçåèñèĤ÷òåïìêä÷ìòñ | t | ¤ $¥ | t | – | |
| Ìëäñêèö÷òçèðòêõäóëìæäööøðó÷ìòñö | (0.6) | "' | t | – | |
| Ìëäñêèö÷òĤñäñæìäïäööøðó÷ìòñö | 6.0 | ¤)$¥ | 1.2 | ¤ (¥ | |
| &ORVLQJEDODQFH | (58.3) | ¤&% ¥ | (18.9) | ¤"!)¥ | |
| Changes in scheme assets | |||||
| Øóèñìñêåäïäñæè | 58.0 | %"" | t | – | |
| Òñ÷èõèö÷òñäööè÷ö | 0.7 | ! | t | – | |
| Êçðìñìö÷õä÷ìòñæòö÷ö | (0.2) | ¤ "¥ | t | – | |
| Îðóïòüèõæòñ÷õìåø÷ìòñö | 2.7 | "& | t | – | |
| ËèñèĤ÷öóäìç | (2.1) | ¤#'¥ | t | – | |
| Ûè÷øõñòñóïäñäööè÷öïèööìñ÷èõèö÷ | 4.6 | &! | t | – | |
| &ORVLQJEDODQFH | 63.7 | %( t | – |
Ýëèðòõ÷äïì÷üõä÷èäööøðó÷ìòñöäõèåäöèçòñóøåïìöëèçö÷ä÷ìö÷ìæöÝëèäùèõäêèõèðäìñìñêïìéèèûóèæ÷äñæüìñüèäõöòéäóèñöìòñèõõè÷ìõìñêä÷÷ëèäêèòé&%ä÷÷ëè åäïäñæèöëèè÷çä÷èìö
| The Keller Group Pension | Üæëèðè¤ÞÔ¥ | " " | German and Austrian schemes 2021 | Ðèõðäñäñç Êøö÷õìäñ schemes | " " |
|---|---|---|---|---|---|
| Öäïèæøõõèñ÷ïüäêèç&% | 21.0 | " ) | 19.5 | !)$ | |
| Ïèðäïèæøõõèñ÷ïüäêèç&% | 23.3 | "## | 22.8 | ""( |
| The Keller Group Pension Scheme (UK) 2021 | £m | The Keller Group Pension Üæëèðè¤ÞÔ¥ | " " | German, Austrian and other schemes 2021 | £m | Ðèõðäñ Êøö÷õìäñäñç other schemes | " " |
|---|---|---|---|---|---|---|---|
| Îôøì÷ìèö | 16.8 | !'% | t | – | |||
| Ýäõêè÷õè÷øõñéøñçö¹ | 8.1 | !$% | t | – | |||
| Gilts | t | ! ! | t | – | |||
| Ëòñçö | 19.7 | ! | t | – | |||
| Õìäåìïì÷üçõìùèñìñùèö÷ìñê¤ÕÍÒ¥óòõ÷éòïìòö² | 15.9 | – | t | – | |||
| Ìäöë | 3.2 | ! | t | – | |||
| 63.7 | %"" | t | – | # Keller Group plc |
| £m | |
|---|---|
| Revenue | 4.6 |
| Actuarial gains/(losses) on defined benefit plans | 0.6 |
| Actuarial gains/(losses) on unfunded plans | (0.6) |
| Net actuarial gains/(losses) recognised in the income statement | 0.0 |
| Other remeasurements of defined benefit plans | 0.0 |
| Movement in cumulative actuarial gains/(losses) on defined benefit | (25.6) |
| plans | |
| Expense recognised in the income statement | |
| Discretionary benefits | 0.6 |
| Expenses recognised in the income statement | 0.2 |
| Operating costs | 0.1 |
| Total expense recognised in the income statement | 0.9 |
| Movements in the balance sheet liability | |
| Accruals and other payables | 9.2 |
| Deferred tax asset recognised in the income statement | 0.3 |
| Interest on plan liabilities | (2.7) |
| Gains/(losses) on assets | – |
| Actuarial (losses) | – |
| Movement in cumulative actuarial gains/(losses) on defined benefit | ! |
| plans | |
| Net liability at end of year | 6.8 |
| Undertaking | % |
|---|---|
| Otto (UK) Limited | 49% |
| Otto Group (Middle East) Company Limited | 35% |
| If the Company repays any of the Group’s group loans. | |
| However, all such group loans are fully repaid. |
| 2021 £m | |
|---|---|
| Otto (UK) Limited | (0.5) |
| Otto Group (Middle East) Company Limited | (0.3) |
| Net movement in interests | (0.1) |
| Profit for the year attributable to | 2021 £m |
|---|---|
| Otto (UK) Limited | 2.9 |
| Otto Group (Middle East) Company Limited | (0.3) |
| Net movement in interests | 0.2 |
| .HOOHU7XUNL Company Limited | Keller Ïòñçä÷ìòñö ÜóèæìäïèöÜÙÊ | ÔèïïèõÝøõîì | Ìòðóäñü Õìðì÷èç |
|---|---|---|---|
| Revenue | 0.9 | 4.2 | |
| Øóèõä÷ìñêæòö÷ö | (1.2) | (4.5) | |
| Operating loss | (0.3) | (0.3) | |
| Ïìñäñæèæòö÷ö | – | – | |
| )RVVEHIRUHWD[DWLRQ | (0.3) | (0.3) | |
| Ýäûä÷ìòñ | (0.2) | – | |
| )RVVDWWULEXWDEOHWRQRQFRQWUROOLQJLQWHUHVWV | (0.5) | (0.3) |
| 2021 £m | |
|---|---|
| Keller Fondations Speciales SPA | |
| .HOOHU7XUNL Company Limited | |
| Keller Ïòñçä÷ìòñö ÜóèæìäïèöÜÙÊ | |
| ÔèïïèõÝøõîì | |
| Ìòðóäñü Õìðì÷èç | |
| ×òñ¡æøõõèñ÷äööè÷ö | 0.9 |
| Ìøõõèñ÷äööè÷ö | 2.8 |
| Ìøõõèñ÷ïìäåìïì÷ìèö | (0.8) |
| ×òñ¡æøõõèñ÷ïìäåìïì÷ìèö | – |
| 6KDUHRIQHWDVVHWVOLDELOLWLHV | 2.9 |
On 18 December 2023, an announcement was made regarding the proposed acquisition by PAI Partners of the outstanding shares of the Group. The proposed acquisition is conditional upon receiving regulatory approvals in certain jurisdictions, including France and Luxembourg. The acquisition is expected to complete in the first half of 2024. The acquisition is subject to customary closing conditions, including the receipt of regulatory approvals and shareholder approval of the acquisition resolution at the Extraordinary General Meeting to be held on 31 January 2024.
| 2021 £m | |
|---|---|
| Assets | |
| Non-current assets | 517.0 |
| Current assets | 71.1 |
| Total assets | 588.1 |
| Liabilities | |
| Non-current liabilities | 107.6 |
| Current liabilities | 10.9 |
| Total liabilities | 118.5 |
| Net assets | 469.6 |
| Capital and reserves | |
| Share capital | 38.1 |
| Share premium | 7.6 |
| Total reserves | 423.9 |
| Shareholders’ funds | 469.6 |
The directors of the company have obtained appropriate comfort that adequate resources are available to meet the company’s liabilities on a going concern basis for the foreseeable future.
Michael Speakman David Burke
Chief Executive Officer Chief Financial Officer
| Share capital £m | Share premium £m | Retained earnings £m | Total equity £m | |
|---|---|---|---|---|
| At 1 January 2022 | 38.1 | 7.6 | 413.8 | 459.5 |
| Net movement in cumulative actuarial gains/(losses) on defined benefit plans | – | – | (25.9) | (25.9) |
| Profit for the year | – | – | 12.9 | 12.9 |
| Total comprehensive income for the year | – | – | (13.0) | (13.0) |
| At 31 December 2022 | 38.1 | 7.6 | 400.8 | 446.5 |
| Profit for the year | – | – | 12.9 | 12.9 |
| Movement in cumulative actuarial gains/(losses) on defined benefit plans | – | – | (25.9) | (25.9) |
| Total comprehensive income for the year | – | – | (13.0) | (13.0) |
| At 31 December 2023 | 38.1 | 7.6 | 387.8 | 433.5 |
The retained earnings of the company include an interim dividend of £117.8m recognised in the year. The retained earnings of the company comprise £371.8m from the Parent Company and £16.0m from its subsidiary undertakings.
The financial statements of the Company have been prepared in accordance with the Group accounting policies set out in Note 2 (the 'Group Policy') which are based on International Financial Reporting Standards ('IFRS') adopted pursuant to Regulation (EC) No 1606/2002 as it applies in the European Union and with the Companies Act 2006.
The Group Policy are applied consistently to all periods presented in these financial statements. The Group Policy are disclosed in note 2 of the Group consolidated financial statements.
The financial statements have been prepared on the historical cost basis, except for certain financial instruments which are measured at fair value.
The financial statements are presented in Sterling, £m. The financial statements are prepared on a going concern basis. The directors have considered the Group's financial position and cash flow forecasts for the period ending 18 months from the date of this report. The Directors have obtained comfort that adequate resources are available to meet the Company's liabilities on a going concern basis for the foreseeable future.
The statement of comprehensive income for the year shows the profit of the Company after tax. The profit of the parent company is that of the consolidated profit of the Group after tax and the profit or loss of the subsidiaries not wholly owned by the parent company. The profit of the parent company is £10.0m (2022: £1.8m).
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