Business
Annual Financial Report
Annual Financial Report.
About this update from Genuit Group Plc
[{"type":"text","content":"\n \nRNS Number : 2512W Polypipe Group PLC 15 April 2019 \n\n15 April 2019\n \nPolypipe Group plc\n \nAnnual Financial Report for the year ended 31 December 2018 \nand Notice of 2019 Annual General Meeting \n \n \nPolypipe Group plc (\"Polypipe\", the \"Company\" or the \"Group\") today published its Annual Report and Accounts for the year ended 31 December 2018 (the \"2018 Annual Report\") and Notice of its 2019 Annual General Meeting. The Company will hold its Annual General Meeting at 10.30 am on Thursday 23 May 2019 at the Holiday Inn, High Road, Doncaster, DN4 9UX.\n \nCopies of the 2018 Annual Report and the Notice of the 2019 Annual General Meeting are available to view on the Company's website at www.polypipe.com and, in accordance with Listing Rule 9.6.1 of the UK Financial Conduct Authority (\"FCA\"), will also shortly be submitted to the National Storage Mechanism and will be available for inspection at http://www.morningstar.co.uk/uk/NSM.\n \nCopies of those documents are being posted or made available to the Company's shareholders today.\n \nThe information included in the final results announcement released on 19 March 2019 under RNS Number 2185T, together with the information in the Appendix to this announcement which is extracted from the 2018 Annual Report, constitute the materials required by the FCA's Disclosure Guidance and Transparency Rule 6.3.5 to be communicated to the media in full unedited text through a Regulatory Information Service. This announcement is not a substitute for reading the 2018 Annual Report in full.\n \n \nAPPENDIX A\n1. PRINCIPAL RISKS & UNCERTAINTIES\n \nFramework for managing risk\nThe Board is responsible for ensuring that the Group maintains an effective risk management system. It determines the Group's approach to risk, its policies and the procedures that are implemented to mitigate exposure to risk.\nProcess\nThe Board continually assesses and monitors the key risks in the business and Polypipe has developed a risk management framework to identify, report, and manage its principal risks and uncertainties. This includes the recording of all principal risks and uncertainties on\na Group Risk Register, which is updated at least every six months. Risks are fully analysed, allocated owners, scored for both impact...