Annual Report 2020 Our Values Delivering
ScS Group plc Annual Report 2020 Delivering our values Annual Report 2020 Strategic Report Financial Statements 2-49 78-112 2 At a Glance 78 Independent Auditors’ Report 4 Delivering our Values to the Members of ScS Group plc 14 Our Business Model 85 Consolidated Statement of Comprehensive Income 16 Our markets 86 Consolidated Statement 18 Chairman’s Letter of Financial Position 20 CEO’s Review 87 Consolidated Statement 24 Our Strategy of Changes in Equity 26 Key Performance Indicators 88 Consolidated Statement 28 Financial Review of Cash Flows 32 Stakeholder Engagement 89 Notes to the Consolidated Financial Statements 34 Risk and Risk Management 106 Company Statement of Financial Position 36 Principal Risks and Uncertainties 107 Company Statement of Changes in Equity 49 Viability Statement 108 Company Statement of Cash Flows Corporate Governance 109 Notes to the Company Financial Statements 50-77 112 Company Information 50 Board of Directors 52 Corporate Governance Statement 57 Audit Committee Report 62 Directors’ Remuneration Report 69 Remuneration Policy Report 74 Directors’ Report 77 Statement of Directors’ Responsibilities STRATEGIC REPORTSTRATEGIC CORPORATE GOVERNANCE CORPORATE ScS is one of the UK’s leading furniture and flooring retailers, operating from 100 stores. FINANCIAL STATEMENTS FINANCIAL After more than 100 years of offering customers the best combination of value, quality and choice, this year has been like 1 no other we have faced. Despite the challenges, our dedicated colleagues have lived our values and continue to deliver for all of our stakeholders. Read more on pages 4 to 13 At a Glance Annual Report 2020 Report Annual Providing excellent customer ScS Group plc experience with outstanding value, quality and choice About us Employees At ScS, we pride ourselves on being the UK’s ‘Sofa Carpet Specialist’.
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