BUSINESS NEWS
November 07, 2012 12:00:00 AM
  Follow @ Twitter

South Pacific Stock Exchange tonight handed twelve statutory authorities, government bodies, cooperatives, non-profit and charitable organisations, other public companies and listed companies with awards for producing excellent annual reports.

The Annual Report Competition Awards, in its 30th year managed to pull in a record 32 entries in the four different categories.

SPSE chief executive, Jinita Prasad said the competition has grown tremendously over the years and  is now a prominent event in the corporate calendar of the Exchange.

"Participating organisations can now see the benefits of being part of such a competition which puts an edge within companies to endeavour on improving the quality of reporting and adhering to the extant accounting disclosure requirements as well as corporate governance principles."

"It was encouraging to see how some companies have used annual reports to tell a compelling story of their success over the past year. Information in annual reports are not only for existing shareholders of the company but for all other stakeholders including current and potential financiers and investors, regulators, employees, customers, suppliers and the general public," said Prasad.

The four categories; Category A- Statutory authorities, Government bodies and Unlisted Trusts, Category B- Co-operatives, Non-profit and charitable organisations, Cateogory C- Other pubic companies and Unit trusts and Category D- Listed companies were judged by a panel of six independent members which was chaired by Renu Chand, a partner at KPMG.

Reserve Bank of Fiji won Category A while Fiji Development Bank and Fiji National Provident Fund finished off as first and second runners-up.

Category B was won by the University of the South Pacific while the Citizens Constitutional Forum and Partners in Community Development Fiji finished in second and third place.

Airports Fiji Limited scooped top honors in Category C while FINTEL and Fijian Holdings Property Trust Fund finished off as runners-up.

Amalgamated Telecom Holdings Limited won the List Companies category while Fijian Holdings Limited and Fiji Television Limited finished second and third respectively.

By Reginald Chandar

 

 

Wiggle


PREVIOUS STORY
Damodar City to open next year
NEXT STORY
USP tuition fees to increase by 5%

Bookmark and Share
   




FIJI NEWS
Charlene is Miss World Fiji 201420-year-old Nadi beauty, Charlene Tafunaíi was tonight crowned Miss World Fiji 2014 at the Pearl South Pacific Resort in Pacific Harbour.
WORLD
'Green'-tinted SUVs at Seoul Motor ShowGas-guzzling SUVs, eco-friendly electric cars and the odd brave attempt to marry the selling points of both are taking centre stage at the biennial Seoul Motor Show.
TECHNOLOGY
Only call details given to police in 670 cases: VFVodafone Fiji says it provided call details in 670 cases to police on the production of a search warrant or court order, but does not listen to or record calls, and could not provide such information.
HEALTH/FITNESS
Clean-up day to curb dengue outbreakFiji's Ministry of Health has declared a clean-up day next Thursday for residents in the central division as it ups the tempo against a dengue fever outbreak currently experienced in the country.
SPORTS
Nadi beats Navua, closes gap on leadersNadi defeated bottom placed Navua 3-0 at Prince Charles Park this afternoon to close the gap on the National Football League points table.
ENTERTAINMENT
5 Seconds of Summer announce Aust, NZ showsHot on the heels of selling out two shows at Londonís iconic Wembley Arena, the chart-topping Sydney boys are heading out on the road to play their first-ever headline Australian and New Zealand arena shows, touring in support of their recently released self-titled #1 smash hit debut album.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS