Morneau Shepell Inc. (MSI) 2020年年度报告「TSX」.pdf

1、Improving lives.Improving business.2020 Annual ReportTable of Contents1Chairs Message to Shareholders22President and CEOs Message to Shareholders43Managements Discussion and Analysis7a.Forward Looking Statements and Definitions7b.Outstanding Share Data8c.Business Overview8d.2020 Summary and Outlook9

2、e.2020 Operating Results Summary11f.Analysis of Fourth Quarter 2020 Operating Results12g.Analysis of Year Ended December 31,2020 Operating Results13h.Liquidity and Capital Resources15i.Selected Statement of Financial Position Data18j.Critical Accounting Estimates18k.Risks and Uncertainties22l.Select

3、ed Annual Information27m.Supplementary Summary of Quarterly Results28n.Disclosure Controls and Procedures29o.Internal Control Over Financial Reporting294Consolidated Financial Statementsa.Independent Auditors Report30b.Consolidated Statements of Financial Position34c.Consolidated Statements of Incom

4、e and Comprehensive Income36d.Consolidated Statements of Changes in Equity37e.Consolidated Statements of Cash Flows385Notes to Consolidated Financial Statements39Annual Report|20201CHAIRS MESSAGE TO SHAREHOLDERSOn behalf of the Board of Directors,I want to extend my appreciation to all our employees

5、 for delivering another yearof impressive business performance for Morneau Shepell and for their resilience through an extraordinarilychallenging period related to COVID-19.The Board is pleased by thecommitment of theCompanys leadership teamto ensuring that the health,safety and wellbeing of ourempl

6、oyees continues to beour top priority.This is notonly the right thing to do but,as the Companys recordemployee engagement andclient satisfaction levels in2020 indicate,very good forbusiness.It is a source ofpride that our clients haveincreasing confidence in ourCompany to support thewellbeing of the