ECIC IR 2023

ANNUAL Financial Statements for the year ended 31 March 2023

E

D

H

S

I

L I

N

B

2

0

A

0

T

S

1

E

E X P O R T C R E

L T D

O C

A S

C

R I

D I

F

T

A

I

N

H

S

T

U

U

R

O

A

S

N

F

C

O

E

N

C

O

O

I

R

T

P

A

O

R

Directors’ Report

Litigation The litigation action which was instituted against ECIC as disclosed in the 2022 annual financial statements, in respect of certain rejected insurance claims, has been formally withdrawn by the applicant in the matter. The disclosure has been provided in note 14 provision for claims reserves. Related‑party transactions The related‑party transactions are specified in the Notes to the annual financial statements in note 32.

Performance against pre‑determined objectives

The Corporate strategic objectives and targets are developed and approved by the Board of Directors. The table below compares the planned and related actual performance for 2023 financial year on the high‑level corporate strategic objectives, and indicate the degree to which the Corporation performed against its strategic objectives for the year under review.

YOUR EXPORT RISK PARTNER

10