Annual report and accounts 2023 - Flipbook - Page 3
Strategic Report
Corporate Governance
Accounts
Purpose, values and culture
In this report
Our purpose is:
To create value, with values –
for our shareholders, consumers,
customers and for society as a whole
Strategic Report
Purpose, values and culture
1
2023 highlights
2
Our investment case
3
Our business and brands
4
Chair’s introduction
6
Our business model
8
Our strategy
We do this by:
Building great brands
Our business purpose has always been
underpinned by strong values. We
believe that how we act reflects who
and what we are. We strive to behave
responsibly across our four core values:
11
Chief Executive’s review
12
Our strategy in action
18
Responsibility report
30
Non-financial key performance indicators
32
Financial review
56
Risk management
62
Corporate Governance
Board of Directors
70
Corporate Governance Report
72
Audit and Risk Committee Report
85
Directors’ Remuneration Report
For over 145 years we have developed
a positive, results-driven and supportive
culture. As we grow our business
organically and through acquisition,
it is important that we retain the
entrepreneurial spirit of the new and
exciting additions to our Group, while
also ensuring that we continue to value
and nurture the unique essence of
what makes A.G. Barr a great business
to be part of.
10
Financial key performance indicators
89
Directors’ Report
122
Statement of Directors’ Responsibilities
128
Accounts
Acting with
integrity
Respecting the
environment
For more information on our people, culture
and employee values see pages 34 to 38
Independent Auditor’s Report to the
members of A.G. BARR p.l.c.
129
Consolidated Income Statement
138
Statements of Financial Position
139
Statement of Comprehensive Income
140
Statement of Changes in Equity
141
Cash Flow Statements
143
Notes to the Accounts
144
Glossary
199
Reconciliation of Non-GAAP Measures
201
Notice of Annual General Meeting
205
Corporate Governance
Supporting
healthy living
Giving back
Our section 172(1) statement describing how the
directors have had regard to the matters set out in
section 172(1)(a) to (f) when performing their duties
under section 172 of the Companies Act 2006 is set
out in the Corporate Governance Report on pages
60 to 71 and is incorporated by reference into this
Strategic Report.
1