Download report. Company law requires the Directors to prepare Group and parent company financial statements for each financial year. In preparing those financial statements, the Directors are required to:select suitable accounting policies and then apply them consistently. This site uses cookies. A number of actions were taken during the year to maximise the Group's ability to work with partner communities which included:Increased efforts to collect and process information and intelligence regarding potential social conflicts; increased interaction with local governments and other key stakeholders; the re-launching of its social programmes based on the results of a survey conducted among surrounding communities; the launch of a collaboration with the Julian Baring Scholarship Fund  to fund six scholars from the local communities close to Inmaculada to pursue higher education in a number of mining-related disciplines.Further details on the Group's activities to mitigate sustainability risks can be found in the Sustainability Report from page 41.Related-Party Balances and Transactions, and Compensation of key management personnel of the Group (reproduced from page 141 of the 2019 Annual Report)The Group had the following related-party balances and transactions during the years ended The account receivable relates to reimbursement of expenses paid by the Group on behalf of Cementos Pacasmayo S.A.A. Management continued the implementation of the Safety Culture Transformation Plan to reinforce the Group's commitment to safety. Policy to actively recruit workers from local communities. - Industrial networks were incorporated into the Group's IS Management System ("ISMS") with associated security enhancements implemented; The Group has an internal Permitting Committee led by two Vice Presidents to co-ordinate efforts with a view to streamlining the permitting process. The recommendations made in a third-party audit of the Group's safety procedures were fully implemented; A High Potential Events Committee, led by the CEO, was established to investigate such cases and issue reports on lessons learned; andThe Group launched two technology based solutions to improve safety: a mobile app to log safety-related observations at the operations and the installation of software on the dashboard of personnel transportation to regulate speed and detect driver fatigue. For further details, refer to page 28. Principal transactions between affiliates are as follows: View HOC.UK financial statements in full, including balance sheets and ratios. In Argentina, 2019 was marked by the election of President Fernandez from the Peronist party.

Related-Party Balances and Transactions, and Compensation of key management personnel of the Group (reproduced from page 141 of the 2019 Annual Report)

For further details on the above, please refer to the safety section of the Sustainability Report on pages 42 and 43. These evaluations incorporated analysis of corporate governance, balance sheet strength and other aspects of credit quality. Moreover, the prior consultation process for indigenous communities has caused substantial delays in the permitting process for exploration and operational activities. It also continues to commission independent third party reviews of all such facilities and monitors on an ongoing basis their stability, with particular emphasis on older TSFs such as the Ares facility which is in the process of being closed.Assets used in the Group's operations may cease to function or the supply of electricity may be interrupted (e.g. The Group may suffer from reputational risk and may be liable for losses arising from environmental hazards associated with the Group's activities and production methods, ageing infrastructure, or may be required to undertake corrective actions or extensive remedial clean-up action or pay for governmental remedial clean-up actions or be subject to fines and/ or penalties.