With corporate reporting hitting the headlines on a regular basis as a whole swathe of changes in legislation come through, many companies are looking for guidance on how best to put the new narrative reporting requirements into practice.  This article looks at how we tackled some of these for the clients short listed for the IRS awards.

‘A fair review of the company’s business’*

A comprehensive At a Glance section communicates the scope and performance of each of Holidaybreak’s key divisions, using colour and photography to convey the structure of the business clearly.

‘analysis using key performance indicators’*

Carter and Carter highlight seven key performance indicators (KPIs), both financial and non- financial, using graphs to demonstrate progress supported by detailed explanations.

‘Information about environmental matters (including the company’s impact on the environment)’*

Robert Wiseman’s corporate and social responsibility report highlights progress on  key environmental metrics and tracks and comments on performance in key areas. 

‘the main trends and factors likely to affect the future development, performance or position of the company’s business’*

Whilst reserves, resources and production volumes are covered in detail throughout the Cairn Energy annual report, this is supplemented by large scale maps to highlight current reserves, recent discoveries and their likely production potential. The IRS awards refer to the 2005 annual report – the 2006 annual report has only just been completed and was sent to shareholders on 17^th April.

* Source – Companies Act Nov 2006