Annual Report 2022
contents
FINANCIAL HIGHLIGHTS | 2 |
ACHIEVEMENTS | 3 |
CHAIR'S REPORT | 4 |
CEO'S INSIGHTS | 6 |
WHAT DRIVES US | 10 |
OUR BUSINESSES | 12 |
THE EVOLVING WORLD OF WORK | 14 |
OUR LOCATIONS | 15 |
BOARD OF DIRECTORS | 16 |
FINANCIAL COMMENTARY | 19 |
CORPORATE GOVERNANCE STATEMENT | 20 |
INDEPENDENT AUDITOR'S REPORT | 24 |
FINANCIAL STATEMENTS | 26 |
NOTES TO THE FINANCIAL STATEMENTS | 30 |
SHAREHOLDERS' STATUTORY INFORMATION | 71 |
DIRECTORY | 76 |
connected
In many ways, the tighter the talent market and the more complicated the employment framework, the more relevance we have for our clients and candidates.
Jason Cherrington, Group CEO
2 ACCORDANT GROUP ANNUAL REPORT 2022
Highlights
$221.5m | $36.7m |
Revenue | |
FY2021, $205.5 million | |
FY2020, $263.5 million | |
$3.0m | |
Net Profit After Tax | Shareholders' Funds |
FY2021, $6.3 million* | FY2021, $39.5 million* |
FY2020, $2.7 million | FY2020, $33.1 million* |
$10.5m | $13.0m |
Operating Cash Flow | Net Bank Debt |
FY2021, $21.9 million* | FY2021, $13.2 million |
FY2020, $9.9 million | FY2020, $29.8 million |
*Comparative balances presented have been restated as a result of a change in accounting policy relating to the accounting treatment of Software-as-a-Service
Achievements
ACCORDANT GROUP ANNUAL REPORT 2022 | 3 |
10,930
Candidates placed
into a temporary, contract or permanent role, a 17% increase on the prior year.
AWF's audited ACC Accredited Employer status improved for the second consecutive year to tertiary, demonstrating continuous improvement to good safety and injury management practice.
802
Training outcomes delivered.
21,700+
Recertification of 12 Mental | Temporary and contract |
Health First Responders | assignments filled across |
through CoLiberate. | New Zealand. |
48,000+
Two recruitment industry | |
award wins (SEEK's Excellence | |
in Candidate Engagement | |
and the RSCA's Recruitment | |
Professional of the Year), from | |
Safety engagements with | five finalist placements, across |
our temporary employees. | four Accordant businesses. |
1,524
Organisations partnered with to deliver recruitment services.
The Work Collective expands its reach and partner networks.
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