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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Accordant Group Ltd. published this content on 25 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 04:52:00 UTC.