30 September 2019 Annual Report and Financial Statements the Jersey New Waterworks Company Limited
30 September 2019 Annual Report and Financial Statements The Jersey New Waterworks Company Limited Contents Board of Directors 02 Chair’s Statement 04 Strategic Review 10 Our objectives 10 Our business 18 Water resources 18 Water quality 19 Regulation 19 Principal strategic risks and uncertainties 19 Financial results 24 High quality water 28 High standard of service 33 Long-term stability 35 A great place to work 36 Community conscious 38 Corporate Governance 41 Directors’ Report 49 Directors’ Statement 52 Auditor’s Report 54 Consolidated Financial Statements 56 Five Year Summary 84 Jersey Water and its two wholly owned subsidiaries, Handois Holdings Limited and De La Haye Plant Limited are referred to throughout the annual report as the Company. Board of Directors Board of Directors Non-Executive Chair Tim Herbert Senior Independent Peter Yates MA (Oxon) Director BSc, FCA Stephen Kay BSc (Eng), CdipAF, MICE, MCIWEM, MIWater Heather MacCallum Daragh McDermott Michael Pocock BA,CA BBS, FCA, FCIS, GDL, CDir BSc (Hons), MBA, CEng, MICE, MCIWEM Executive Officers and Advisers Independent Auditor Deloitte LLP Gaspé House 66-72 Esplanade, St Helier Jersey, JE2 3QT Registered Office Mulcaster House Westmount Road, St Helier Jersey, JE1 1DG Chief Executive Finance Director Company Secretary Bankers Helier Smith Natalie Passmore Louisa McInnes HSBC Bank PLC BA (Hons), BFP, FCA, CDir, MA (Hons), BFP, ACA, CMgr MCMI, TEP HSBC House, Esplanade MIWater, FCMI Dip IoD St Helier, Jersey, JE1 1HS 02 Annual Report and Financial Statements 2019 Peter Yates BSc, FCA Daragh McDermott BBS, FCA, FCIS, GDL, CDir Peter Yates was appointed to the Board in May 2009.
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