We recognise the important ongoing process of identifying, evaluating and managing the most significant risks that face our business. We believe that effective risk management is essential for our business to achieve its objectives.
Our principal risks and uncertainties are reported here and include the judgments and uncertainties used in determining the fair value of investment property, fluctuations in foreign exchange rates, taxation and the variability of rental income.
How we manage these risks:
There is a clear organisational structure with well-defined lines of reporting and responsibility
Our reporting disciplines include performance monitoring and profit and cash forecasting
We have a clearly-defined framework for capital and development expenditure and subsequent on-going appraisals