Page 150 - SBL Integrated Workbook STUDENT 2018

Chapter 12

8.2 How to prepare an integrated report

The following seven guiding principles underpin the preparation:

 Strategic focus and future orientation – highlighting significant risks,
opportunities and dependencies flowing from the organisation’s market position
and business model, and giving the management's view of how the organisation
balances short, medium and long term interests.

 Connectivity of information – show a holistic picture of the combination, inter-
relatedness and dependencies between the factors that affect the organisation's
ability to create value over time.

 Stakeholder relationships – should provide insight into the nature and quality of
the organisation's relationships with its key stakeholders.

 Materiality – Identifying relevant matters based on their ability to affect value
creation.

 Conciseness – should give sufficient context to understand the organisation's
strategy, governance and prospects without being burdened by less relevant
information.

 Reliability and completeness – should include all material matters, both positive
and negative, in a balanced way and without material error.

Illustrations and further practice

Now try TYU question 3.

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