Morneau Shepell Inc. (MSI) 2018年年度报告「TSX」.pdf

1、Improving lives.Improving business.2018 Annual ReportTable of Contents1Chairs Message to Shareholders22President and CEOs Message to Shareholders33Managements Discussion and Analysis5a.Forward Looking Statements and Definitions5b.Outstanding Share Data6c.Business Overview6d.2018 Summary and Outlook7

2、e.2018 Operating Results Summary9f.Analysis of Fourth Quarter 2018 Operating Results10g.Analysis of Year Ended December 31,2018 Operating Results11h.Liquidity and Capital Resources13i.Selected Statement of Financial Position Data16j.Critical Accounting Policies and Estimates17k.Risks and Uncertainti

3、es22l.Selected Annual Information27m.Supplementary Summary of Quarterly Results28n.Disclosure Controls and Procedures28o.Internal Control Over Financial Reporting284Consolidated Financial Statementsa.Independent AuditorsReport30b.Consolidated Statements of Financial Position33c.Consolidated Statemen

4、ts of Income and Comprehensive Income35d.Consolidated Statements of Changes In Equity36e.Consolidated Statements of Cash Flows375Notes to Consolidated Financial Statements38Annual Report|20181CHAIRS MESSAGE TO SHAREHOLDERSOn behalf of the Board of Directors,I want to extend my appreciation to all ou

5、r employees for producing yet anotheryear of solid results for Morneau Shepell.The Board is very pleased bythe Company s continuingevolution as a leading well-being power brand,itsaccelerating growth in theU.S.,and continued strengthin Canada where MorneauShepell is headquartered.Notably,the acquisi

6、tion ofLifeWorks during the yearwas a strategicaccomplishment.It increasedthe Company s scale andscope,provided geographicdiversification to its revenuesand client base in the U.S.andU.K.,and added significanttechnological capabilities andinnovation via its cloud-basedHR platform and userapplication