9 Mar 2022 14:00
9 March 2022
Vivo Energy plc (the "Company")
(LSE: VVO / JSE: VVO)
Annual Report and Accounts 2021
Further to the release of the Company's 2021 Full Year Results announcement on 2 March 2022, the Company announces that it has published its Annual Report and Accounts for the period ended 31 December 2021 (the 2021 Annual Report) on its website https://investors.vivoenergy.com/.
Copies of the 2021 Annual Report will be posted to shareholders who have elected to receive a hard copy on 25 March 2022, together with the Notice of 2022 Annual General Meeting.
In accordance with Listing Rule 9.6.1 of the UK Financial Conduct Authority (FCA), a copy of the 2021 Annual Report will be submitted to the UK Listing Authority and will shortly be available for public inspection at the National Storage Mechanism (NSM) https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
This information should be read in conjunction with the Company's 2021 Full Year Results announcement, which included the Company's financial statements, information on important events that have occurred during the financial year, their impact on the financial statements, a description of the Company's principle risks and uncertainties and related party transactions, as released on 2 March 2022. That information, together with the information set out below, which is extracted from the 2021 Annual Report, is provided in accordance with DTR 6.3.5R, which requires it to be communicated to the media in full unedited text through a Regulatory Information Service. This announcement is not a substitute for reading the full 2021 Annual Report. Page references in the text below refer to page numbers in the 2021 Annual Report.
Directors' responsibilities statement
The Directors are responsible for preparing the Annual Report and Accounts in accordance with applicable law and regulations. Company law requires the Directors to prepare financial statements for each financial year. Under that law, the Directors have elected to prepare the Group financial statements in accordance with UK adopted International Accountings Standards in conformity with the requirements of the Companies Act 2006.
The Company financial statements have been prepared in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law.
In preparing these financial statements, the Directors are required to:
· adopt the going concern basis unless it is inappropriate to do so;
· select suitable accounting policies and then apply them consistently from year to year;
· make judgements and accounting estimates that are reasonable and prudent; and
· state whether the UK adopted International Accountings Standards in conformity with the requirements of the Companies Act 2006 have been followed for the Group financial statements and United Kingdom Accounting Standards, comprising FRS 102, have been followed for the Company financial statements.
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's and the Group's transactions and disclose with reasonable accuracy, at any time, the financial position of the Group and the Company and to enable them to ensure that the financial statements and the Directors' Remuneration Report comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website.
Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
DECLARATION
Each of the Directors, whose names and functions are listed on pages 82 to 83 of the Annual Report, confirm to the best of their knowledge, that:
· the Group financial statements, which have been prepared in accordance with International Financial Reporting Standards as adopted by the UK and applicable law, and give a true and fair view of the assets, liabilities, financial position and profit of the Group;
· the Company financial statements, which have been prepared in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law), give a true and fair view of the assets, liabilities, financial position and profit of the Company;
· the Strategic Report and Directors' Report include a fair review of the development and performance of the business and the position of the Group, together with a description of the principal risks and uncertainties that it faces; and
· as at the date of this Report, there is no relevant audit information of which the Company's auditor is unaware. Each Director has taken all the steps he or she should have taken as a Director in order to make himself or herself aware of any relevant audit information and to establish that the Company's auditors are aware of that information.
The Board confirms that the Annual Report and financial statements when taken as a whole are fair, balanced and understandable and provide the information necessary for shareholders to assess the strategy, position and performance and business model of the Group.
ENDS
For further information, please contact:
Minna Gonzalez-Gomez
Group Company Secretary
+44 20 3034 3718
minna.gonzalez-gomez@vivoenergy.com
About Vivo Energy
Vivo Energy operates and markets its products in countries across North, West, East and Southern Africa. The Group has a network of over 2,450 service stations in 23 countries operating under the Shell and Engen brands and exports lubricants to a number of other African countries. Its retail offering includes fuels, lubricants, card services, shops, restaurants and other non-fuel services. It provides fuels, lubricants and liquefied petroleum gas (LPG) to business customers across a range of sectors including marine, mining, construction, power, transport, wholesalers and manufacturing. The Company employs around 2,700 people and has access to over 1,000,000 cubic metres of fuel storage capacity and has a joint venture, Shell and Vivo Lubricants B.V., that sources, blends, packages and supplies Shell-branded lubricants.
Vivo Energy plc has a primary listing on the London Stock Exchange, and is a member of the FTSE 250 index, with a secondary inward listing on the Johannesburg Stock Exchange.
For more information about Vivo Energy, please visit www.vivoenergy.com