Group
Ground
for Growth
The Report presents the latest information regarding Rusagro’s progress towards implementing its development strategy, which aims to drive rapid growth by increasing market share, opening up new markets, and developing complementary areas of business. The report also contains information on the Company’s operational, financial, and non-financial performance.
The operating and financial results of Ros Agro PLC (the parent company) and its subsidiaries, collectively referred to as Rusagro Group, are presented in the Report in accordance with consolidated financial statements under International Financial Reporting Standards (IFRS).
The Report has been prepared based on Rusagro’s management accounts and consolidated financial statements for 2023. The Company’s consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the International Accounting Standards Board.
During the preparation of the Report, the following requirements were taken into account:
- The London Stock Exchange’s listing rules
- The UK Financial Conduct Authority’s rules on disclosure and transparency
- The listing rules of the Moscow Exchange (MOEX)
The audit of the consolidated financial statements of Ros Agro PLC for 2023 in accordance with IFRS was conducted by KEPT.
This Report was provisionally approved by the Board of Directors of Ros Agro PLC on 1 March 2024.
The Report contains statements of an estimated or forward-looking nature regarding production, financial, economic, social, environmental, and other indicators characterising Rusagro’s development. For various reasons, the events or results presented in subsequent reports may differ materially from those contained in the assumptions or forecasts herein, not least in connection with the changing market situation, as well as other risks directly related to Ros Agro PLC and its subsidiaries. The Company bears no responsibility for losses or damages that may be incurred by individuals and legal entities acting on the basis of forward-looking statements. In each case, such statements represent only one of many scenarios and should not be considered as the most probable.
In addition to official information concerning Rusagro’s activities, this Report contains data obtained from third parties and sources that Rusagro considers reliable. Nevertheless, the Company cannot guarantee the accuracy of such information, which may be incomplete or abridged.
The values and percentages presented in the various tables and graphs, as well as in the text of the Report, have been rounded to the nearest whole number or to the nearest decimal fraction, therefore the sum of the numbers may not precisely match the final total. Some percentages presented in tables and graphs, as well as in the text of the Report, are based on values that have not been rounded, and thus they may not precisely match the percentage data calculated using rounded figures.