1、Annual Report and Accounts2021Introduction is a market-leading digital value retailer offering its UK customers a broad range of products and a flexible repayment proposition.Contents1.Strategic Report2 Our vision for the future4 Chairmans statement8 CEO Q&A10 Studio22 Financial Review27 Alternative
2、 performance measures31 Non-Financial Information Statement32 Our sustainability plan44 Stakeholder Engagement and Gender Diversity48 Principal risks and uncertainties2.Governance50 Directors,Officers and statutory information52 Corporate governance report57 Directors report62 Nomination Committee R
3、eport64 Audit Committee Report68 Remuneration committee report98 Risk Committee Report100 Statement of Directors Responsibilities3.Financial Statements99 Independent auditors report107 Consolidated Income Statement109 Consolidated Statement of Comprehensive Income110 Consolidated Balance Sheet111 Co
4、nsolidated Cash Flow Statement112 Consolidated Statement of Changes in Equity113 Notes to the Consolidated Financial Statements171 Company Balance Sheet172 Company Statement of Changes in Equity173 Notes to the Company Financial StatementsCEO Introduction“The Covid-19 pandemic showed the resilience
5、and agility of Studio,and we emerge from it a much stronger business.”“The changes over the last few years,to transform Studio into a digital value retailer with integrated financial services,meant we could react quickly to changing market conditions,and deliver record levels of growth in sales,prof
6、it and customer numbers.The success of the last year could not have been achieved without the commitment and hard work of all our colleagues and I am proud of how they have strived through the year to deliver for our customers.”“With the strong performance last year,and having sold the Findel Educat