Financial review
Chief Financial Officer, Hans Sooknah discusses some of the material financial topics that influenced Trimetys Group in 2020 and comments on how they were managed.
CFO’s report
The year has been challenging beyond expectations.
Why has Trimetys opted to move towards a more integrated form of reporting?
How would you describe the Group’s performance in the year that elapsed?
Current trends havedemonstrated a significant shift towards integrated reporting inorder for organisations to take amore sustainable approach to business. Trimetys is no exception and has always strived to incorporate sustainable growth and development into its endeavours. With such initiatives ingrained in the DNA of the Group, it became obvious for the organisation to communicate its intentions and measure its impact through the well-estab- lished integrated reporting <IR> framework. Nonetheless, Trimetys recognises that it is yet toboast a fully comprehensive integrated reporting suite, a priority on its current agenda.
The year 2020 has been challenging beyond expectations. Needless to say, while the hospitality sector has borne the wrath of the COVID-19 impact, significant re-engineering of operations, including the renovation of TekomaBoutikHotel and the constructionof thenewagribusiness farmhavebeen delayed, undoubtedly with consequences for the Group. Surprisingly, real estate sales have been affected by a mixed impact, with an initial stall followed by increasing interest as the market started to gain more confidence in investing in this sector as opposed to alternative instruments. In spite of a well-defined Group investment strategy since 2019, the impact of COVID-19 coupled with delayed project turnaround have undoubtedly resulted in the most chal- lenging year for Trimetys.
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