DOCSLIB.ORG

Annual Report and Accounts 2019

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report and Accounts 2019 GoCo Group plc Annual Report & Accounts 2019 We’re on a mission Annual Report & Accounts 2019 Significant growth opportunity £2bnoverspend every year on household bills and insurance in the UK households only occasionally 3 in 5 switch 15mhouseholds are still on default tariffs and likely overpaying for energy 72% likely to sign up to an auto-switching proposition 23mhouseholds didn’t switch energy supplier in the last 12 months: our incremental growth opportunity We are building momentum as we transform the Group £250value of the free car insurance excess cover with GoCompare underlying GoCompare car insurance +4% growth in Q4 £7.0mof AutoSave revenue in 2019 300,000 live AutoSave customers x4year on year increase in number of tech releases 2019: A year of transformation for GoCo Group. We are on a mission to help people everywhere find more of the right products, saving them more time and more money. This year we transformed into a multi-brand Group operating Price Comparison, AutoSave and Rewards businesses. We are investing in our people and are committed to creating a sustainable culture that fosters creativity and innovation. Overview Strategic Report Corporate Governance Financial Statements 2019 Highlights Investing for sustainable growth Revenue AutoSave live customers £152.4m 300,000 2019 £152.4m 2019 300,000 2018 £152.6m 2018 <1,000 APM APM Operating profit Adjusted operating profit • Disciplined financial performance £20.3m £26.5m across the Group • 300,000 live AutoSave customers 2019 £20.3m 2019 £26.5m by 31 December 2019 2018 £37.5m 2018 £44.0m • Acquisition of Look After My Bills in APM Denotes Alternative Performance Measure Use of alternative performance measures is detailed on page 13. July, helped drive customer growth • £7.0m full year AutoSave revenue and breakeven trading profit in H2 • Launch of GoCompare’s £250 excess proposition driving underlying car insurance revenue growth +4% in Q4 • GoCompare continued to improve marketing margin +0.6ppt • Group adjusted operating profit of £26.5m reflecting self-funded investment into AutoSave Contents Overview Corporate Governance Financial Statements 1 2019 Highlights 52 Chairman’s Corporate 94 Independent Auditor’s Report 3 At a Glance Governance Statement 98 Consolidated Statement 54 The Board of Comprehensive Income Strategic Report 57 Executive Team 99 Consolidated Statement 4 Chairman’s Statement 2019 58 Board Leadership and of Financial Position 6 Market Review Company Purpose 100 Consolidated Statement 10 Business Model 59 Division of Responsibilities of Changes in Equity 12 Strategy and 63 2019 Board Activities 101 Consolidated Statement of Cash Flows Key Performance Indicators 64 Nomination Committee Report 102 Notes to the Financial Statements 14 CEO’s Statement 2019 66 Audit and Risk Committee Report 129 Company Statement 16 Financial Review 70 Directors’ Remuneration Report of Financial Position 21 Operational Review 90 Directors’ Report 130 Company Statement 30 Opportunities, Risks and Uncertainties 93 Statement of Directors’ Responsibilities of Changes in Equity 32 Principal Risks and Uncertainties 131 Notes to the Company 36 Corporate Social Responsibility Financial Statements 40 Investing in Our People 135 Shareholder Information 48 Our Stakeholders 51 Non-Financial Information Statement 1 GoCo Group plc Annual Report & Accounts 2019 Our mission GoCo Group is on a mission to help MORE people find MORE of the right products, saving them MORE time and MORE money. AutoSave Price Comparison Rewards SaveStack™ Our flexible proprietary tech platform enables us to innovate at speed and reach customers, wherever they are. 2 Overview Strategic Report Corporate Governance Financial Statements At a Glance Addressing inertia Our vision To find new ways to free Britain from the boredom of sorting household bills, providing Savings as a Service, via our proprietary technology platform, SaveStack™. GoCo Group is a tech- People Platform Product led business operating multiple leading brands focused on innovation and disruption with the common mission to help consumers save time and money, sustainably. What we do — Here at GoCo, our staff are at — Through the development of — GoCompare, a leading UK — We use our leading brands to the heart of our business and SaveStack™, our proprietary financial services, utilities attract millions of consumers that’s why we make sure they technology platform, we have and home services to our propositions, we then are at the top of their game transformed into a data and comparison website inform and enable them to — The GoFurther Academy is tech-led business — weflip and Look After My save money, from household an initiative that will enable — This enables us to innovate at Bills, innovative switching essentials to retail and leisure the existing workforce and speed and reach consumers services using technology to — We support our partners prospective students to wherever they are, however automatically switch people by providing engaged, develop and progress in and whenever they want, onto better energy tariffs pre-qualified customers and their careers including through brands — MyVoucherCodes, connecting highly effective acquisitions outside of the Group consumers with money-saving — All of this is powered by offers from the world’s our proprietary flexible leading brands technology platform, SaveStack™, with data at its heart Why invest in GoCo Group — Our use of data supports both consumers, to make their Our aim is to transform the Group into a higher and more sustainable experience straightforward, and our partners with the margin business, achieved through: additional customer insight we can provide GoCompare growth Positive insurance Significant growth driven by extension market dynamics with potential for our 1 of £250 excess 2 growth of core car 3 AutoSave business by proposition to improve switching volume expanding the size of consumer preference the switching market AutoSave diversifies Deliver value through Adopting responsible Group revenue the development of our business practices 4 with an attractive 5 proprietary technology 6 and delivering business model platform SaveStack™ sustainable choices 3 GoCo Group plc Annual Report & Accounts 2019 Chairman’s Statement 2019 An evolving business, positioning for growth Dear Shareholders, GoCo Group has sought to innovate and drive ahead a new generation of services I’m pleased to present GoCo Group plc’s that help consumers make informed The Group’s transformational financial results for 2019, another important purchases in a world full of more choice. journey has gathered significant year in our transformative journey as we While the internet has made choices more momentum. 2019 represented a became GoCo Group, a name change transparent to consumers, to an extent it has that reflects the evolving structure of the also made making decisions more difficult year of disciplined performance business. Matthew and the leadership team by providing too much choice and data. in the core business, efficient have continued to progress and deliver the GoCo Group is focused on helping to marketing and continuing Group’s strategy, with the Group positioned address this complexity. This year we have well for growth, exiting 2019 having built innovated our core GoCompare business, improvements to conversion, significant momentum to take into 2020. developed our new internal brand weflip alongside the strategic and integrated Look After My Bills following Consumer demands and needs are changing its acquisition in July 2019. deployment of capital to grow fast against financial services and household our AutoSave segment. The expenditure categories; we need to both As we have expanded the Group, we management team is delivering respond to and anticipate these changes. have introduced ideas that go against We are conscious that our businesses have a industry norms because they aim to solve against an exciting strategy that responsibility to ensure the products and greater societal challenges. For instance, provides meaningful long-term services they provide are in their customers’ we have learnt from the success of Look benefits to customers, partners, best interests and we recognise that we have After My Bills how social media can be an a duty to adapt ourselves to an environment effective way to reach new consumers. This employees and shareholders. which has greater oversight and scrutiny has helped us target the remaining 15m from Government and regulators. households paying a Standard Variable Sir Peter Wood CBE Tariff on their energy bills, increasing Chairman Earlier this year the Executive Director of the efficiency of our communication Strategy and Competition at the FCA, with UK households and optimising delivered a compelling speech entitled customer experience across AutoSave. ‘Regulation in a changing world’, which commented on the move from an era of Taking a disruptive approach to the industry digitisation with services moving online, has required a careful balance of investment to a truly digital industry – one drawing between both the new and existing on artificial intelligence (AI) and machine businesses, which Matthew and the learning. This reflects the development of our leadership team have navigated with care. businesses and the way we are bringing new Notably, we have focused our 2019 capital products to consumers, both of which will allocation on investment in the core enable us to drive more value from our business, GoCompare, and in the AutoSave customer base.
Load more

Recommended publications
  • SEI Global Investments Fund Plc Unaudited Condensed Financial Statements for the Half Year Ended 31 December 2020
    SEI GLOBAL INVESTMENTS FUND PLC Unaudited Condensed Financial Statements for the half year ended 31 December 2020 SEI Global Investments Fund plc Unaudited Condensed Financial Statements for the half year ended 31 December 2020 CONTENTS PAGE Directory 3 General Information 4 Investment Adviser’s Report The SEI Global Select Equity Fund 6 Portfolio of Investments The SEI Global Select Equity Fund 9 Condensed Income Statement 26 Condensed Statement of Financial Position 27 Condensed Statement of Changes in Net Assets Attributable to Redeemable Participating Shareholders 29 Notes to the Condensed Financial Statements 31 Appendix I – Remuneration Disclosures 40 Appendix II – Statement of Changes in Composition of Portfolio 41 Appendix III – Securities Financing Transactions Regulation 42 2 SEI Global Investments Fund plc Unaudited Condensed Financial Statements for the half year ended 31 December 2020 DIRECTORY Board of Directors at 31 December 2020 Michael Jackson (Chairman) (Irish) Kevin Barr (American) Robert A. Nesher (American) Desmond Murray* (Irish) Jeffrey Klauder (American) *Director, independent of the Investment Adviser Manager SEI Investments Global, Limited 2nd Floor Styne House Upper Hatch Street Dublin 2 Ireland Investment Adviser SEI Investments Management Corporation 1 Freedom Valley Drive Oaks, Pennsylvania 19456 U.S.A. Depositary Brown Brothers Harriman Trustee Services (Ireland) Limited 30 Herbert Street Dublin 2 Ireland Administrator SEI Investments – Global Fund Services Limited 2nd Floor Styne House Upper Hatch Street
    [Show full text]
  • 20Annual Report 2020 Equiniti Group
    EQUINITI GROUP PLC 20ANNUAL REPORT 2020 PURPOSEFULLY DRIVEN | DIGITALLY FOCUSED | FINANCIAL FUTURES FOR ALL Equiniti (EQ) is an international provider of technology and solutions for complex and regulated data and payments, serving blue-chip enterprises and public sector organisations. Our purpose is to care for every customer and simplify each and every transaction. Skilled people and technology-enabled services provide continuity, growth and connectivity for businesses across the world. Designed for those who need them the most, our accessible services are for everyone. Our vision is to help businesses and individuals succeed, creating positive experiences for the millions of people who rely on us for a sustainable future. Our mission is for our people and platforms to connect businesses with markets, engage customers with their investments and allow organisations to grow and transform. 2 Contents Section 01 Strategic Report Headlines 6 COVID-19: Impact And Response 8 About Us 10 Our Business Model 12 Our Technology Platforms 14 Our Markets 16 Our Strategy 18 Our Key Performance Indicators 20 Chairman’s Statement 22 Chief Executive’s Statement 24 Operational Review 26 Financial Review 34 Alternative Performance Measures 40 Environmental, Social and Governance 42 Principal Risks and Uncertainties 51 Viability Statement 56 Section 02 Governance Report Corporate Governance Report 62 Board of Directors 64 Executive Committee 66 Board 68 Audit Committee Report 78 Risk Committee Report 88 Nomination Committee Report 95 Directors' Remuneration
    [Show full text]
  • Rns Over the Long Term and Critical to Enabling This Is Continued Investment in Our Technology and People, a Capital Allocation Priority
    19 May 2021 FUTURE plc 2021 HALF YEAR RESULTS Strategic momentum continues: record HY results, materially ahead of market expectations, with strong organic growth and margin progression Future plc (LSE: FUTR, “Future”, “the Group”), the global platform for specialist media, today publishes its results for the six months ended 31 March 2021. Highlights Financial results for the six months ended 31 March 2021 Adjusted results HY 2021 HY 2020 Var Revenue (£m) 272.6 144.3 +89% Adjusted operating profit (£m)1 89.2 39.9 +124% Adjusted operating profit margin (%) 33% 28% +5ppt Adjusted diluted EPS (p) 65.4 32.9 +99% Statutory results HY 2021 HY 2020 Var Revenue (£m) 272.6 144.3 +89% Operating profit (£m) 59.7 24.7 +142% Profit before tax (£m) 56.9 27.1 +110% Cash generated from operations (£m) 85.9 35.7 +141% Diluted EPS (p) 40.7 21.8 +87% Financial highlights Robust first-half performance extending our track record of growth in revenue, operating profit and cash flow: An exceptionally strong first half, with revenue up 89% to £272.6m (HY 2020: £144.3m). Revenue ahead of last year by 21% on an organic2 basis, driven by the Media division’s organic2 growth of 30% and in particular digital advertising on-platform organic2 growth of 30% and eCommerce affiliates’ organic2 growth of 56%. US achieved revenue growth of 31% on an organic2 basis and UK revenues grew by 5% organically (UK has a higher mix of events and magazines revenues which were impacted more materially by the pandemic).
    [Show full text]
  • Interim Results Announcement 2019
    BASIS OF PRESENTATION CYBG PLC (the ‘Company’), together with its subsidiary undertakings (which together comprise the ‘Group’), operate under the Clydesdale Bank, Yorkshire Bank, B and Virgin Money brands. It offers a range of banking services for both retail and business customers through retail branches, business banking centres, direct and online channels, and brokers. This release covers the results of the Group for the six months ended 31 March 2019. Statutory basis: Statutory information is set out on pages 43 to 79. The IFRS 9 accounting standard replaced IAS 39 (‘Financial Instruments: Recognition and Measurement’), introducing changes to the classification and measurement of financial instruments and the impairment of financial assets. Virgin Money adopted IFRS 9 on 1 January 2018 and CYBG on 1 October 2018. Pro forma results: On 15 October 2018, the Company acquired all the voting rights in Virgin Money Holdings (UK) plc (Virgin Money) by means of a scheme of arrangement under Part 26 of the UK Companies Act 2006, with the transaction being accounted for as an acquisition of Virgin Money. We believe that it is helpful to also provide additional information which is more readily comparable with the historic results of the combined businesses. Therefore we have also prepared Pro forma results for the Group as if CYBG PLC and Virgin Money had always been a Combined Group, in order to assist in explaining trends in financial performance by showing a full 6 months performance for the Combined Group for both the current period and prior period, as well as a full 12 month performance of the Combined Group for the most recent year end results.
    [Show full text]
  • Enabling Commerce in the World's Most Under Penetrated Payments
    Enabling Commerce In The World’s Most Under Penetrated Payments Market Network International Holdings Plc Annual Report and Accounts 2019 Network International Holdings Plc 01 Annual Report and Accounts 2019 We are Network International, the leading payment solutions provider in the Middle East and Africa. Our innovative solutions drive revenue and profitability for our customers. To read our Annual Report online go to www.network.ae Market opportunity Under penetrated payments markets R Read more on page 10 Business model A unique We are enabling and leading the transition from cash proposition to digital payments across the Middle East and Africa, one of the fastest growing payments markets in the world. R Read more on page 14 Strategic Report Governance Financial Statements 2019 Highlights 02 Corporate Governance Report 72 Independent Auditor’s Report 138 Our Industry 04 Board of Directors 74 Consolidated Statement Strategy in action Our Business at a Glance 06 Executive Management Team 76 of Financial Position 144 Chairman’s Statement 08 Audit and Risk Committee Report 88 Consolidated Statement of Profit or Loss 145 Market Overview 10 Nomination Committee Report 100 Market leading Consolidated Statement of Our Track Record 12 Directors’ Remuneration Report 102 other Comprehensive Income 146 Our Business Model 14 Directors’ Report 130 Consolidated Statement technology Chief Executive Officer’s Review 16 Going Concern Statement of Changes in Equity 147 Our Strategic Framework 20 and Viability Statement 136 Group Statement of Cash Flows
    [Show full text]
  • Parker Review
    Ethnic Diversity Enriching Business Leadership An update report from The Parker Review Sir John Parker The Parker Review Committee 5 February 2020 Principal Sponsor Members of the Steering Committee Chair: Sir John Parker GBE, FREng Co-Chair: David Tyler Contents Members: Dr Doyin Atewologun Sanjay Bhandari Helen Mahy CBE Foreword by Sir John Parker 2 Sir Kenneth Olisa OBE Foreword by the Secretary of State 6 Trevor Phillips OBE Message from EY 8 Tom Shropshire Vision and Mission Statement 10 Yvonne Thompson CBE Professor Susan Vinnicombe CBE Current Profile of FTSE 350 Boards 14 Matthew Percival FRC/Cranfield Research on Ethnic Diversity Reporting 36 Arun Batra OBE Parker Review Recommendations 58 Bilal Raja Kirstie Wright Company Success Stories 62 Closing Word from Sir Jon Thompson 65 Observers Biographies 66 Sanu de Lima, Itiola Durojaiye, Katie Leinweber Appendix — The Directors’ Resource Toolkit 72 Department for Business, Energy & Industrial Strategy Thanks to our contributors during the year and to this report Oliver Cover Alex Diggins Neil Golborne Orla Pettigrew Sonam Patel Zaheer Ahmad MBE Rachel Sadka Simon Feeke Key advisors and contributors to this report: Simon Manterfield Dr Manjari Prashar Dr Fatima Tresh Latika Shah ® At the heart of our success lies the performance 2. Recognising the changes and growing talent of our many great companies, many of them listed pool of ethnically diverse candidates in our in the FTSE 100 and FTSE 250. There is no doubt home and overseas markets which will influence that one reason we have been able to punch recruitment patterns for years to come above our weight as a medium-sized country is the talent and inventiveness of our business leaders Whilst we have made great strides in bringing and our skilled people.
    [Show full text]
  • Annual Report 2017 Talktalk Telecom Group PLC Talktalk Is the UK’S Leading Value for Money Connectivity Provider
    TalkTalk Telecom Group PLC Group Telecom TalkTalk Annual Report2017 2017 Annual Report 2017 TalkTalk Telecom Group PLC TalkTalk is the UK’s leading value for money connectivity provider� Our mission is to deliver simple, affordable, reliable and fair connectivity for everyone� Stay up to date at talktalkgroup.com Contents Strategic report Corporate governance Financial statements Highlights ������������������������������������������������������������������������ 01 Board of Directors and PLC Committee ������������� 32 Independent auditor’s report �������������������������������� 66 At a glance ���������������������������������������������������������������������� 02 Corporate governance ���������������������������������������������� 36 Consolidated income statement �������������������������� 73 Chairman’s introduction ������������������������������������������ 04 Audit Committee report ������������������������������������������� 41 Consolidated statement of comprehensive FY17 business review ������������������������������������������������� 05 Directors’ remuneration report ����������������������������� 44 income ���������������������������������������������������������������������������� 74 Business model and strategy ��������������������������������� 08 Directors’ report ���������������������������������������������������������� 63 Consolidated balance sheet ����������������������������������� 75 Measuring our performance ����������������������������������� 12 Directors’ responsibility statement ��������������������� 65 Consolidated
    [Show full text]
  • Preliminary Results FY 2020
    Preliminary results FY 2020 25 November 2020 1 2 Agenda ● Overview ● FY 2020 financial review ● Progress against our strategy in FY 2020 ● Recommended offer for GoCo Group plc ● Summary & outlook 3 Exceptional results, Values led 01 ahead of expectations... 02 execution... ● Strong core values facilitated ● Group revenue up 53% to agile response to the rapidly £339.6m, underpinned by changing landscape acquisitions and media organic ● Operating leverage driving revenue growth of 23% adjusted operating margin ● Continued growth in adjusted expansion to 28% operating profit, up 79% to ● Continue to be highly cash £93.4m Continued generative, with adjusted free ● Adjusted free cash flow growth cash flow of 103% of adjusted of 79% strength of operating profit ● Exceptional performance performance despite COVID-19 underpinned ...delivered by ongoing ...enables strong by delivery 03 focus on strategy 04 acquisitions performance ● TI Media integration ● Continued shift in revenue, completed, savings of £20m with Media division now 65% 1 identified, with focus now on of revenues (Sept 2020) building revenue ● Geographical diversification monetisation, with launch of 6 continues with US now 43% of new sites revenue (Sept 2020)1 2 ● Barcroft and SmartBrief both ● Online audience growth of in BAU mode, delivering in 56%, with organic audience line with plans up 48%, driving sales ● Recommended offer for performance in Media GoCo Group plc announced today (25 November) 4 1 Sept month 2020 shown to reflect TI Media acquisition 2 Google Analytics online users.
    [Show full text]
  • 2018 – Volume 6, Number
    THE POPULAR CULTURE STUDIES JOURNAL VOLUME 6 NUMBER 2 & 3 2018 Editor NORMA JONES Liquid Flicks Media, Inc./IXMachine Managing Editor JULIA LARGENT McPherson College Assistant Editor GARRET L. CASTLEBERRY Mid-America Christian University Copy Editor KEVIN CALCAMP Queens University of Charlotte Reviews Editor MALYNNDA JOHNSON Indiana State University Assistant Reviews Editor JESSICA BENHAM University of Pittsburgh Please visit the PCSJ at: http://mpcaaca.org/the-popular-culture- studies-journal/ The Popular Culture Studies Journal is the official journal of the Midwest Popular and American Culture Association. Copyright © 2018 Midwest Popular and American Culture Association. All rights reserved. MPCA/ACA, 421 W. Huron St Unit 1304, Chicago, IL 60654 Cover credit: Cover Artwork: “Bump in the Night” by Brent Jones © 2018 Courtesy of Pixabay/Kellepics EDITORIAL ADVISORY BOARD ANTHONY ADAH PAUL BOOTH Minnesota State University, Moorhead DePaul University GARY BURNS ANNE M. CANAVAN Northern Illinois University Salt Lake Community College BRIAN COGAN ASHLEY M. DONNELLY Molloy College Ball State University LEIGH H. EDWARDS KATIE FREDICKS Florida State University Rutgers University ART HERBIG ANDREW F. HERRMANN Indiana University - Purdue University, Fort Wayne East Tennessee State University JESSE KAVADLO KATHLEEN A. KENNEDY Maryville University of St. Louis Missouri State University SARAH MCFARLAND TAYLOR KIT MEDJESKY Northwestern University University of Findlay CARLOS D. MORRISON SALVADOR MURGUIA Alabama State University Akita International
    [Show full text]
  • Electrocomponents Plc
    Electrocomponents plc Electrocomponents Annual Report and Accounts for the year ended 31 March 2014 ended 31 March the year for Accounts and Annual Report The global distributor for engineers www.electrocomponents.com Electrocomponents plc Annual Report and Accounts for the year ended 31 March 2014 Stock Code: ECM 23079.04 - Proof 1 -30 May 2014 3:37 PM Electrocomponents Front AR 2013.indd 3 02/06/2014 09:24:39 ELECTROCOMPONENTS PLC Annual Report and Accounts for the year ended 31 March 2014 LSE Stock Code: ECM Welcome We are Electrocomponents, the global distributor for engineers. Below is a snapshot of who we are and how we operate. There are signposts below to key sections of this report that we hope will enable readers to understand our marketplace and business model, assess our most recent performance and learn about our strategies and growth ambitions for the future. We also discuss the risks the business is likely to face as it seeks to achieve these ambitions. Strong brands eCommerce driven marketing Large, locally-based sales force 58% 2,500 of sales via eCommerce sales people globally Watch the video online www.electrocomponents.com See page 12 for See page 22 for Our Strategy Business and Financial Review Leading global suppliers Broadest product range in industry Targeting engineers & their buyers Over Around More than 2,500 suppliers 500,000 products 1 million customers Read more online See page 10 for See page 08 for www.electrocomponents.com Business Model Marketplace Network of 17 distribution centres Sophisticated global
    [Show full text]
  • Fiscal Quarter-End Holdings (Pdf)
    Quarterly Schedules of Portfolio Holdings International & Global Funds July 31, 2020 Retirement Institutional Administrative Investor Class Class Class Class Harbor Diversified International All Cap Fund HNIDX HAIDX HRIDX HIIDX Harbor Emerging Markets Equity Fund HNEMX HAEMX HREMX HIEEX Harbor Focused International Fund HNFRX HNFSX HNFDX HNFIX Harbor Global Leaders Fund HNGIX HGGAX HRGAX HGGIX Harbor International Fund HNINX HAINX HRINX HIINX Harbor International Growth Fund HNGFX HAIGX HRIGX HIIGX Harbor International Small Cap Fund HNISX HAISX HRISX HIISX Harbor Overseas Fund HAORX HAOSX HAOAX HAONX Table of Contents Portfolios of Investments HARBOR DIVERSIFIED INTERNATIONAL ALL CAP FUND. ..... 1 HARBOR EMERGING MARKETS EQUITY FUND . .......... 8 HARBOR FOCUSED INTERNATIONAL FUND. ................................. 11 HARBOR GLOBAL LEADERS FUND. ................. 13 HARBOR INTERNATIONAL FUND . 15 HARBOR INTERNATIONAL GROWTH FUND . ........................ 21 HARBOR INTERNATIONAL SMALL CAP FUND. ................. 24 HARBOR OVERSEAS FUND . ............................................ 26 Notes to Portfolios of Investments ..................................... 31 Harbor Diversified International All Cap Fund PORTFOLIO OF INVESTMENTS—July 31, 2020 (Unaudited) Value, Cost, and Principal Amounts in Thousands COMMON STOCKS—96.4% COMMON STOCKS—Continued Shares Value Shares Value AEROSPACE & DEFENSE—0.7% BANKS—Continued 28,553 Airbus SE (France)* .............................. $ 2,090 236,142 Svenska Handelsbanken AB (Sweden) ............... $
    [Show full text]
  • Trinity Mirror Plc Mirror Trinity
    Annual Report 2012 Trinity Mirror plc Trinity Mirror plc Annual Report 2012 Trinity Mirror plc OUR VISION In a dynamic media world we will create distinctive journalism that is an essential and growing part of our customers’ daily lives. We stand for content that matters, content that is relevant and content that you can believe in. Our audience understands the value of this content and we understand the value of our audience. OUR VALUES We are Creative; inspired by innovative journalism and publishing that meets the ever-changing needs and interests of our audience and customers. We are Open; believing that communication and transparency are key to creating an effective and collaborative work environment. We have Integrity; championing honesty and trust, and showing respect for our colleagues, audience, customers, shareholders and business partners. We are Ambitious; encouraging our people to remain driven and take pride in their achievements. They are our most valuable resource, each playing a part in enabling our success. Inside this report Who we are Business review Governance Financials 1 Our performance 14 Group items 23 Corporate responsibility 52 Group consolidated 2 Our strategy 17 Group review report accounts 4 Chairman’s statement 18 Divisional review 30 Corporate governance 91 Parent company accounts 6 Chief Executive’s statement 20 Other items report 100 Group five year summary 12 Our Board 21 Balance sheet 38 Remuneration report 22 Cash flow 49 Directors’ report WHO WE ARE BUSINESS REVIEW GOVERNANCE FINANCIALS OUR PERFORMANCE The Group is one of the UK’s largest publishers with a portfolio of media brands providing news, entertainment, information and services to consumers and connecting advertisers with national, regional and local audiences.
    [Show full text]