Trinidad Cement : 08 May 2023 – Trinidad Cement Limited – Audited Consolidated Financial Statements for the year ended December 31st, 2022 (Full)

TRINIDAD CEMENT LIMITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2022 (Expressed in Trinidad and Tobago Dollars)

TRINIDAD CEMENT LIMITED
Consolidated Financial Statements
	INDEX
Statement of Management's Responsibilities	1
Independent Auditors' Report	2-7
Consolidated Income Statement	8
Consolidated Statement of Comprehensive Income	9
Consolidated Statement of Financial Position	10
Consolidated Statement of Cash Flows	11
Consolidated Statement of Changes in Shareholders' Equity	12
Notes to the Consolidated Financial Statements	13-62

TRINIDAD CEMENT LIMITED

Statement of Management's Responsibilities

Trinidad Cement Limited

Management is responsible for the following:

• Preparing and fairly presenting the accompanying consolidated financial statements of Trinidad Cement Limited ("the Company") and its subsidiaries (collectively, "the Group") which comprise the consolidated statement of financial position as at December 31, 2022, the consolidated income statement, consolidated statements of comprehensive income, changes in shareholders' equity and cash flows for the year then ended, and notes, comprising significant accounting policies and other explanatory information;
• Ensuring that the Group keeps proper accounting records;
• Selecting appropriate accounting policies and applying them in a consistent manner;
• Implementing, monitoring and evaluating the system of internal control that assures security of the Group's assets, detection/prevention of fraud and the achievement of the Group's operational efficiencies;
• Ensuring that the system of internal control operated effectively during the reporting period;
• Producing reliable financial reporting that complies with laws and regulations, including the Companies Act; and
• Using reasonable and prudent judgement in the determination of estimates.

In preparing these consolidated financial statements, management utilised the International Financial Reporting Standards, as issued by the International Accounting Standards Board and adopted by the Institute of Chartered Accountants of Trinidad and Tobago. Where International Financial Reporting Standards presented alternative accounting treatments, management chose those considered most appropriate in the circumstances.

Nothing has come to the attention of management to indicate that the Group will not remain a going concern for the next twelve months from the reporting date, or up to the date the accompanying consolidated financial statements have been authorised for issue, if later.

Management affirms that it has carried out its responsibilities as outlined above.

Francisco Aguilera Mendoza	Edgar Campos Piedra
Managing Director	Group Finance Manager
May 4, 2023	May 4, 2023

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