Integrated Reportingsome thoughts on what it may mean

for SME’s

What is the purpose of Reporting?• Regulatory purpose– Compliance?– Meaningful information?

• Inform stakeholders– Investors – employees – clients – competitors ?– Potential investors?

• Wider community– What is of “general” interest?

• So what does that mean for an SME?

Some numbers*

50 4 2

Some more numbers**50 4 2

0%-5% 10%+ 25%+

An example – the importance of reporting and governance***

Revenue $2.123m $2.654m $3.815m

Gross margin $.871m $.375m $.910m

EBIT $.185m $.650m $.525m

The percentage of market value represented by physical and financial assets versus intangible factors, some of which are

explained within financial statements, but many of which are not.

Alternate model

Central themesBusiness model & value creation

8

Business Model

Relevance to an SME

• Meaningful reporting• A better understanding of capital and its

impact• Value creation (and dilution)

Relevance to an SME

Relevance to an SME

The role of the profession?

• Beyond compliance• Beyond meaningful information• Contribution to the future of SME’s,

employment, innovation and the global economy

Thank you