Guiding principles
This Integrated Annual Report of the GPW Group was prepared on the basis of the International Integrated Reporting Framework published by the International Integrated Reporting Council (IIRC) in December 2013 and the documents supporting these guidelines issued by the IIRC as 5 additional Background Papers.
The financial information presented in the report is consisted with the information published in the Consolidated Financial Statements of the Giełda Papierów Wartościowych w Warszawie S.A. Group for the year ended 31 December 2018 prepared in accordance with the International Financial Reporting Standards (IFRS) adopted by the European Union.
The information concerning compliance with the principles of corporate governance is based on the recommendations and principles set out in the Best Practice for GPW Listed Companies 2016 and the Principles of Corporate Governance for Supervised Institutions issued by the Polish Financial Supervision Authority (KNF). The GPW Group’s activity report is subject to the provisions of the Accountancy Act (Act of 15 December 2016 amending the Accountancy Act http://prawo.sejm.gov.pl/isap.nsf/DocDetails.xsp?id=WDU20170000061) – Article 49, as well as provisions derived from the Regulation of the Minister of Finance of 29 March 2018 concerning current and periodic reports published by issuers of securities and the conditions of considering information required by the laws of a non-member state to be equivalent (http://prawo.sejm.gov.pl/isap.nsf/DocDetails.xsp?id=WDU20180000757).
It should be noted that the GPW Group is not subject to the obligation of reporting non-financial information arising from the provisions of the Accountancy Act (Article 49b and Article 55(2b)-(2e), etc.) and implementing Directive 2014/95/EU as regards disclosure of non-financial and diversity information because the GPW Group does not meet the quantitative criteria of a public interest entity (average annual employment over 500 persons and total assets > PLN 85 million or total revenue > PLN 170 million). However, as a socially responsible entity, the GPW Group has in place a CSR strategy based on four pillars: education, markets, employees, environment. The published non-financial information concerning those areas of activity is quantified according to the Group’s proprietary methodologies.
