DOCSLIB.ORG

Severn Trent Plc Annual Report and Accounts 2019 Highlights Contents

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Severn Trent Plc Annual Report and Accounts 2019 Highlights Contents Severn Trent Plc Annual Report and Accounts 2019 Highlights Contents STRATEGIC REPORT £1,767.4m 93.37p What we do ................................................................................................................................. 02 Our business model ................................................................................................................. 04 Our social purpose ................................................................................................................... 06 Group turnover Dividend per share Chairman’s statement ..............................................................................................................16 2018: £1,696.4m1 2018: 86.55p Market and industry overview ............................................................................................... 18 Chief Executive’s review .......................................................................................................... 21 How we are achieving our strategic objectives .................................................................. 24 Environment, Social and Governance – At a Glance ......................................................... 29 ODIs and KPIs ............................................................................................................................ 32 Regulated Water and Waste Water ....................................................................................... 34 Business Services .................................................................................................................... 46 133.4p 145.8p Chief Financial Officer’s review .............................................................................................48 Risk management .................................................................................................................... 54 Basic earnings per share Underlying basic Emerging risks .......................................................................................................................... 55 from continuing operations earnings per share2 Principal risks ........................................................................................................................... 56 2018: 101.8p1 2018: 120.5p1 Brexit statement ........................................................................................................................61 Viability statement .................................................................................................................... 62 GOVERNANCE Chairman’s introduction to governance .............................................................................. 64 Board of Directors .................................................................................................................... 66 £563.3m £573.6m Executive Committee ............................................................................................................... 68 Stakeholder and Shareholder engagement ....................................................................... 73 Group profit before Group underlying profit Our company purpose and culture ....................................................................................... 75 interest and tax before interest and tax2 Board evaluation ....................................................................................................................... 77 Nominations Committee report ............................................................................................ 81 2018: £527.2m1 2018: £539.8m1 Audit Committee report .......................................................................................................... 85 Treasury Committee report ................................................................................................... 93 Corporate Responsibility Committee report ..................................................................... 94 Directors’ remuneration report ............................................................................................ 97 Directors’ report ..................................................................................................................... 123 1 Restated for the implementation of IFRS 15, see note 2 to the Group financial statements. Directors’ Responsibilities Statement ............................................................................... 128 2 Alternative Performance Measures are defined in note 45 to the Group financial statements. GROUP FINANCIAL STATEMENTS Independent Auditor’s report to the members of Severn Trent Plc ............................ 129 Consolidated income statement .........................................................................................134 Consolidated statement of comprehensive income ...................................................... 135 Consolidated statement of changes in equity .................................................................. 136 Consolidated balance sheet ................................................................................................. 137 Consolidated cash flow statement .....................................................................................138 Notes to Group financial statements ................................................................................. 139 COMPANY FINANCIAL STATEMENTS Company statement of comprehensive income .............................................................. 195 Company statement of changes in equity ......................................................................... 196 Company balance sheet ........................................................................................................ 197 Notes to Company financial statements ........................................................................... 198 OTHER INFORMATION Five year summary .................................................................................................................202 Information for shareholders ..............................................................................................203 Cautionary statement This document contains statements that are, or may be deemed to be, ‘forward-looking statements’ with respect to Severn Trent’s financial condition, results of operations and business and certain of Severn Trent’s plans and objectives with respect to these items. Forward-looking statements are sometimes, but not always, identified by their use of a date in the future or such words as ‘anticipates’, ‘aims’, ‘due’, ‘could’, ‘may’, ‘will’, ‘would’, ‘should’, ‘expects’, ‘believes’, ‘intends’, ‘plans’, ‘projects’, ‘potential’, ‘reasonably possible’, ‘targets’, ‘goal’ or ‘estimates’ and, in each case, their negative or other variations or comparable terminology. Any forward-looking statements in this document are based on Severn Trent’s current expectations and, by their very nature, forward-looking statements are inherently unpredictable, speculative and involve risk and uncertainty because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance and no assurances can be given that the forward-looking statements in this document will be realised. There are a number of factors, many of which are beyond Severn Trent’s control, that could cause actual results, performance and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, changes in the economies and markets in which the Group operates; changes in the regulatory and competition frameworks in which the Group operates; the impact of legal or other proceedings against or which affect the Group; and changes in interest and exchange rates. All written or verbal forward-looking statements, made in this document or made subsequently, which are attributable to Severn Trent or any other member of the Group or persons acting on their behalf are expressly qualified in their entirety by the factors referred to above. Subject to compliance with applicable laws and regulations, Severn Trent does not intend to update these forward-looking statements and does not undertake any obligation to do so. Nothing in this document should be regarded as a profits forecast. This document is not an offer to sell, exchange or transfer any securities of Severn Trent Plc or any of its subsidiaries and is not soliciting an offer to purchase, exchange or transfer such securities in any jurisdiction. Securities may not be offered, sold or transferred in the US absent registration or an applicable exemption from the registration requirements of the US Securities Act of 1933 (as amended). > Strategic report Governance Group financial statements Company financial statements Other information Welcome to the Severn Trent Annual Report 2019 Our purpose is to serve our communities and build a lasting water legacy. This drives our vision to be the most trusted water company by 2020, delivering an outstanding customer experience, best value service and environmental leadership. This report highlights the progress we have made over the past year in achieving that vision through our strategic objectives and absolute focus on listening to and delivering value for all of our stakeholders. We’re committed to keeping your water flowing clearly and making your waste water clean again, so you can carry on enjoying this precious resource, for
Load more

Recommended publications
  • Wright, Paul (2018) Anglo-Saxon Lead from the Peak District
    UNIVERSITY OF NOTTINGHAM Department of Archaeology ‘Anglo-Saxon lead from the Peak District; where does it lead? A new approach to sourcing Anglo-Saxon lead’ By Paul Wright, BSc., PhD. MRSC. Module MR4120 Dissertation presented for MSc (by research) in Archaeology September 2017 1 I certify that: a) The following dissertation is my own original work b) The source of all non-original material is clearly indicated c) All material presented by me for other modules is clearly indicated. d) All assistance has been acknowledged 2 ABSTRACT The lead industry, like others, declined and then collapsed at the end of Roman Britain and both the Romano-British and Anglo-Saxons recycled metal for a long period before fresh lead appeared. A new methodology has been developed, which uses tin as a marker for recycled Roman lead. Analysis of lead artefacts shows that along the Derwent/ Trent/ Humber corridor recycled Roman lead was continuing in use in the 5th-7th centuries, and plentiful fresh lead first appears in the record in the 9th century, with no tin. There is a widespread gap in artefacts from the 8th century, which implies that recycled lead had been exhausted. The main source of Anglo-Saxon lead in this region is probably the Derbyshire Peak District, but the lead isotope analysis is not definitive, due to the normal constraints such as the overlap of ore field signatures. Also the analytical method gives a broad peak, which reduces discrimination. The recent method of Pollard and Bray, which asks about what differences in lead isotope ratios show rather than provenance have been employed.
    [Show full text]
  • Severn Trent Water Limited Report and Financial Statements for The
    Severn Trent Water Limited Report and financial statements For the year ended 31 March 2019 Company number 2366686 Severn Trent Water Limited Severn Trent Centre 2 St John’s Street Coventry CV1 2LZ www.stwater.co.uk 1 Contents Strategic report What we do 3 Our business model 4 Chairman’s statement 5 Market and industry overview 7 Chief Executive’s review 10 How we are doing achieving our strategic objectives 13 ODIs and KPIs 18 Performance review 23 Financial review 39 Risk management 47 Emerging risks 48 Principal risks 50 Brexit Statement 64 Viability Statement 64 Governance Governance report 69 Board of Directors 71 Directors’ remuneration report 93 Directors’ report 98 Directors’ Responsibilities Statement 105 Group and Company financial statements Independent auditor’s report 107 Group and company income statement 116 Group and company statement of comprehensive income 117 Group statement of changes in equity 118 Company statement of changes in equity 119 Group and company balance sheet 120 Group and company cash flow statement 121 Notes to the Group and company financial statements 122 2 Severn Trent Water Limited Strategic report (continued) For the year ended 31 March 2019 Welcome to the Severn Trent Water Annual Report 2019 OUR PURPOSE IS TO SERVE OUR COMMUNITIES AND BUILD A LASTING WATER LEGACY. THIS DRIVES OUR VISION TO BE THE MOST TRUSTED WATER COMPANY BY 2020, DELIVERING AN OUTSTANDING CUSTOMER EXPERIENCE, BEST VALUE SERVICE AND ENVIRONMENTAL LEADERSHIP. This report highlights the progress we have made over the past year in achieving that vision through our strategic objectives and absolute focus on listening to and delivering value for all of our stakeholders.
    [Show full text]
  • 11-4-2016 Bonemill Quarry
    Public Agenda Item No. 4.3 DERBYSHIRE COUNTY COUNCIL REGULATORY - PLANNING COMMITTEE 11 April 2016 Report of the Strategic Director – Economy, Transport and Environment 3 ENVIRONMENT ACT 1995: SCHEDULE 13 INITIAL REVIEW OF MINERAL PLANNING PERMISISON (ROMP), FOR BONEMILL QUARRY, RYDER POINT, HOPTON, WIRKSWORTH APPLICATION FOR DETERMINATION OF CONDITIONS FOR THE CONTINUATION OF EXTRACTION OF MINERALS AND SUBSEQUENT RESTORATION APPLICANT: LONGCLIFFE QUARRIES LIMITED CODE NO: R3/0198/20 3.700.R Introductory Summary This is an application to review the conditions of an “old mineral permission” under the requirements of the Environment Act 1995. It relates to the future workings of Bonemill Quarry, a large historic limestone quarry extending to about 33 hectares (ha), situated at Ryder Point, Hopton, Wirksworth. The Environment Act 1995 requires that applications for the determination of the updated conditions must be accompanied by the applicant’s proposed conditions. The Mineral Planning Authority in determining the updated conditions may make additions or amendments to those proposed conditions. The updated conditions must be ones which can normally be imposed upon the grant of a planning permission. As this is a Review of an Old Mineral Permission (ROMP) application, the principle of the permission for the development is not under question. Valid planning permission exists and, therefore, the main planning issue is whether the proposed planning conditions are sufficient to ensure that the development can be controlled, such that it does not cause unacceptable impacts upon local residents or the wider environment. I have considered the application in light of the above and I consider that a number of changes to the submitted conditions are necessary, and a list of new conditions has been finalised.
    [Show full text]
  • Full Council Meeting 9 June 2020 Appendix 1
    BELPER TOWN COUNCIL – FULL COUNCIL MEETING 9 JUNE 2020 APPENDIX 1 Planning Applications Central Consultation Date - 12/May/2020 RefVal: AVA/2020/0375 Address: 11A High Pavement, Belper, Derbyshire, DE56 1GD, Proposal: Replacement of timber windows to front elevation with UPVC windows and laying of flagstones to front garden Date Valid: 6/May/2020 Decision Expected: 24/Jun/2020 Decision Issued: Applicant: Mr Ian Edmunds 11A High Pavement, Belper, Derbyshire, DE56 1GD, Agent: Parish: Belper Ward: Belper Central Officer: Heather Wynne ([email protected]) Consultees: APAR, DVMWHS, DCCCON, Consultation Date - 14/May/2020 RefVal: AVA/2020/0438 Address: 8 Damside, Belper, Derbyshire, DE56 1HZ, Proposal: Proposed porch to front, replacement of windows with agate grey uPVC sash windows. Replacement roof tiles with Cembrit Westerland grey tiles. Cladding of the exisiting side extension in grey brick slips and cedar cladding painted in grey. Date Valid: 14/May/2020 Decision Expected: 2/Jul/2020 Decision Issued: Applicant: Mr James Leatherland 8 Damside, Belper, Derbyshire, DE56 1HZ, Agent: Parish: Belper Ward: Belper Central Officer: Heather Wynne ([email protected]) Consultees: APAR, DCCCON, DVMWHS, DCCHB, Consultation Date - 18/May/2020 RefVal: AVA/2020/0446 Address: 11 Laund Avenue, Belper, Derbyshire, DE56 1FL, Proposal: Non material amendment to AVA/2019/0959 for relocation of entrance door Date Valid: 18/May/2020 Decision Expected: 6/Jul/2020 Decision Issued: Applicant: Mr And Mrs C Walters 11 Laund Avenue, Belper,
    [Show full text]
  • CF-Issue183-Final-Lowresproof
    NEXT ISSUE: AUTUMN 2018 Copy deadline: Mon 30 July Publication: Tues 28 August Contact us at: Issue 183 [email protected] or 07768 583010 Summer 2018 FREE – Or at: Not The Antique Please take one Shoppe, 7 Coldwell Street, Wirksworth DE4 4FB Get ready for the Carnival! THERE’S LOTS to look forward be maypole dancing around the the event and on the door – if there to at this year’s Carnival and lovingly restored Wirksworth are any left, that is. Well dressings weekend. maypole in the churchyard, and later Sunday is a quieter day. A It all starts on Saturday 26 May, on Kal’s Kats will be performing on walking treasure hunt at teatime with the Blessing of the Wells the Market Place and showing us sees families searching for clues ceremony and the crowning of how to jump, jive and swing! around our historic town. Down at the May Queen, Natasha Kinder. Teatime sees the return of the the Recreation Ground, there is the She and Princess Molly Repton, wheelbarrow race, when teams traditional five-a-side football; it’s Rosebuds Caitlin Butler and Nicole compete for the fastest lap of town, an all-day event, so why not stroll Wilmot, Petals Sylvie Hunter and stopping for a beer at each pub. It’s down and cheer them on? Olivia Vinall and Pageboys Taylor a challenge, and great fun to watch. And of course Monday sees the Davies and Max White, will be Teams of two can be entered before carnival parade, with decorated joined by local clergy and the BMW the event or on the day, at any of floats, vintage vehicles, families in band.
    [Show full text]
  • Origins and History of Wirksworth: Lutudarum and the Peak District Before the Norman Conquest
    Origins and history of Wirksworth: Lutudarum and the Peak District before the Norman Conquest. Anton Shone 2009 Contents Page Introduction 3 Chapter 1 Evidence of Lutudarum, its history and continuity The city state of Lutudarum 5 Location 7 Place names 9 Continuity of government 11 Continuity of Christianity 13 Continuity of industry 16 Communications, rivers and roads 18 Trade and commerce 22 Dating the Roman origins of the district 24 A tour of the border of the Lutudarenses 26 The end of Roman rule 27 Chapter 2 The Pecsaete The Mercian Province 29 A timeline of the Mercian – Northumbrian war 29 Sokes and Hundreds 32 The Danelaw 35 Province and shire 39 Wirksworth and Domesday Book 40 Conclusions 44 Reference Lists 46 Acknowledgements: I am most grateful to all those who have assisted with this paper in any way. In particular to the librarians and archivists at the Derby City Library, Derbyshire County Record Office, the Lichfield Record Office, Nottingham University Library and the Derbyshire Local Studies Library at Matlock. A number of individuals and organisations have seen and commented on the paper and these have been most helpful and I would particularly like to thank Mr John G Evans for proof reading this edition. 12/8/09 Published by the Wirksworth Roman Project Derby, Derbyshire 1st Edition 2006 2nd Edition 2009 Website: www.wirksworthromanproject.co.uk 1 Preface to the second edition This history began as an attempt to consider the origins of Wirksworth. The first edition sought to assemble all the potential sources for the early, possibly Roman, origins of the town.
    [Show full text]