Governance

Alone we can do so little;
together we can do so much.

Our Leadership

Composition of the Board of Directors
Terra Mauricia Ltd - Operational Review - Property and Leisure
Age Pyramid of the Board of Directors
Governance - Age Pyramid of the Board of Directors

Management Information

Corporate Governance Report

Internal Controls and Risk Management

Terra’s success as an organisation depends on its ability to identify and manage risks that can prevent it from achieving its objectives, including both downside risks as well as upside risks related to opportunities generated by its business and the markets it operates in. While ultimate responsibility for risk management rests with the Board, the effective day-to-day management of risk resides in the way Terra conducts its business and the culture of its team. Terra takes an embedded approach to risk management that puts risk assessment at the core of the leadership team agenda.

Share Analysis and Stock Exchange Performance

Secretary’s Certificate

(Pursuant to Section 166(d) of the Companies Act 2001)
We certify that, to the best of our knowledge and belief, Terra Mauricia Ltd has filed with the Registrar of Companies all such returns as are required under the Companies Act 2001.
Signature Secretary's Certificate
Terra Services Ltd
Secretary

29 July 2022

Statement of Compliance

(Pursuant to Section 75(3) of the Financial Reporting Act)
Name of Public Interest Entity: TERRA Mauricia Ltd (The Company)
Reporting period: 01 January to 31 December 2021
We, the Directors of TERRA Mauricia Ltd, confirm that, to the best of our knowledge, the Company has complied with all of its obligations and requirements under the Code of Corporate Governance.
Alain Rey
Chairman
Nicolas Maigrot - Signature
Nicolas Maigrot
Managing Director
29 July 2022

Statement of Directors’ Responsibilities in Respect of Consolidated and Separate Financial Statements

Directors acknowledge their responsibilities for:

  1. adequate accounting records and maintenance of effective internal control systems;
  2. the preparation of consolidated and separate financial statements which fairly present the state of affairs of the Company as at the end of the financial year and the results of its operations and cash flows for that period and which comply with the International Financial Reporting Standards (IFRS), the Companies Act and the Financial Reporting Act; and
  3. the selection of appropriate accounting policies supported by reasonable and prudent judgements and estimates.

On 11 March 2020, the World Health Organisation declared the Covid-19 outbreak to be a pandemic. The situation remains uncertain with various cities and countries around the world responding in different ways to address the outbreak. There have been significant direct and indirect impacts on companies across multiple industries and the world. The Group and the Company will continue to monitor the impact Covid-19 has on them and reflect the consequences as appropriate in their accounting and reporting. The Directors have made an assessment of the Group’s and the Company’s ability to continue as going concerns, taking into account all available information about the future including the analysis of the possible impacts in relation to Covid-19, which is at least, but is not limited to, twelve months from the end of the reporting period and from the date of signature of these consolidated and separate financial statements. Based on information on hand, there is no reason to believe that the Group and the Company will not qualify as going concerns in the year ahead.

The external auditors are responsible for reporting on whether the financial statements are fairly presented.
The report of the external auditors on the financial statements is on pages 120 to 127. The Directors report that:

  1. adequate accounting records and an effective system of internal controls and risk management have been maintained;
  2. appropriate accounting policies supported by reasonable and prudent judgements and estimates have been used consistently;
  3. IFRS, the Companies Act, and the Financial Reporting Act have been adhered to. Any departure in the interest of fair presentation has been disclosed, explained, and quantified;
  4. the Code of Corporate Governance has been adhered to. Reasons have been provided where there has been non-compliance; and
  5. the full Annual Report is published on the Company’s website.

Signed on behalf of the Board of Directors by
Alain Rey
Chairman
Nicolas Maigrot - Signature
Nicolas Maigrot
Managing Director
29 July 2022

Statutory Disclosures

(Pursuant to Section 221 of the Companies Act 2001 and the Securities Act 2005)