Annual Financial Report

RNS Number : 9700D

Guinness Peat Group PLC

30 March 2011

 



GUINNESS PEAT GROUP PLC

DISSEMINATION ANNOUNCEMENT

ANNUAL REPORT & ACCOUNTS 2010

The Annual Report and Accounts of Guinness Peat Group plc ("GPG" or the "Company") for the year ended 31 December 2010 ("the 2010 Annual Report") has been placed on the Company's website at www.gpgplc.com and will shortly be posted to shareholders.  Copies of the 2010 Annual Report have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do.

Furthermore, the Group's Preliminary Announcement of Results for the year ended 31 December 2010 (the "Preliminary Announcement") was released to the market on 25 February 2011 and may be viewed on the Company's website at www.gpgplc.com.  In addition to the Preliminary Announcement and the availability of the Company's Annual Report, GPG is also making available to the market the following commentary on those additional matters required by the Disclosure and Transparency Regulations as follows:

Risks and Uncertainties

Commentary on the Group's activities during 2010 and also on the outlook for 2011 are set out in the Chairman's Statement in the Preliminary Announcement and in the 2010 Annual Report.  As mentioned in that report, GPG is a strategic investment holding company.  The identification and consequent management of risk is an inherent feature of the investment evaluation process.

The Group's major operating subsidiaries (being CIC Australia, Coats and Turners & Growers) produce their own Annual Reports in which can be found reports on their business operations.

The Company's Key Performance Indicators comprising charts detailing the movement in shareholders' funds since 1998 and the compound movement in GPG's net asset value per share, together with a table showing the return on average shareholders' funds, appear within the Chairman's Statement in the 2010 Annual Report.

Further information on GPG's principal risks and their management can be found in the Corporate Governance report in the Annual Report, under the headings "Internal Controls" and "Business Review" and "Principal Risks and Uncertainties".  This includes commentary on the way the Group manages the risks inherent in its activities and those of its operating subsidiaries, including such matters as currency, interest rate, capital, market price, liquidity, credit, current litigation in respect of the Coats EU fine, regulatory compliance, human resources and risks inherent in the operation of the Group's defined benefit pension schemes.

Chris Healy

Company Secretary

Guinness Peat Group plc

Tel: [phone]

30 March 2011

 

END

 

 

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