Abacus Property Group – Annual Financial Report 2018
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DIRECTORS’ REPORT<br />
30 June <strong>2018</strong><br />
ABACUS PROPERTY GROUP<br />
OPERATING AND FINANCIAL REVIEW (continued)<br />
FUTURE PROSPECTS AND RISKS (continued)<br />
flexibility to respond to external developments within not only domestic and global financial markets but also<br />
the wider domestic and global economies. The Treasury Policy is reviewed on a regular basis by senior<br />
management and the Board. This is enhanced by utilising the in-depth market knowledge of <strong>Abacus</strong>’ external<br />
independent treasury adviser.<br />
With high levels of uncertainty not only in domestic financial markets but also in the Australasian residential<br />
and commercial property sectors and the wider global economy, <strong>Abacus</strong> has focused its interest rate risk<br />
management activity over the last financial year on the near-term, albeit within the overall interest rate risk<br />
management hedging requirements of our Treasury Policy. Funding risk management has focused on the<br />
timely renegotiation of maturing facilities and where possible seeks to increase the overall maturity profile.<br />
• Workplace Health and Safety (WH&S) <strong>–</strong> <strong>Abacus</strong> manages its exposure to WH&S by way of a documented<br />
WH&S program including policies and procedures for managing safety. The management system ensures<br />
compliance by stakeholders including site contractors and employees through training and education.<br />
The management system protects from the risk of incidents, causing financial or physical impact arising from<br />
an accident or event at an asset owned or managed by <strong>Abacus</strong>.<br />
• Talent retention <strong>–</strong> The inability to attract, retain and develop talented people can frustrate the execution of<br />
the strategy, limiting the ability to deliver the business’ objectives. <strong>Abacus</strong> is committed to ensuring our<br />
workplace, market standing and strategic objectives remain relevant and attract the most appropriately skilled<br />
and diverse workforce for the organisation to deliver on its goals<br />
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