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  • Financial performance

Directors'

Report

Financial Statements

While the pre-COVID-19 economic outlook was already affected by prolonged instability within the Eurozone and rising trade tensions between the United States and China, the COVID-19 outbreak has cast a shadow of uncertainty across the entire world since early 2020.

The economic impact of the crisis was almost immediately felt in Mauritius, and Moody’s downgraded the country’s sovereign credit-rating from Baa1-stable to Baa1-negative. Nearly all key economic indicators worsened immediately. The most notable one was the number of tourist arrivals from January to December 2020 plummeting by 78% as compared to the corresponding period in 2019. The Mauritian economy is expected to contract by at least 15% in 2020 and the Government has introduced several measures to curtail the downturn. Our national carrier, Air Mauritius, a pivotal catalyst that drives business and tourism in Mauritius, was also placed into voluntary administration.

The economic impact of the crisis was almost immediately felt in Mauritius, and Moody’s downgraded the country’s sovereign credit-rating from Baa1-stable to Baa1-negative. Nearly all key economic indicators worsened immediately. The most notable one was the number of tourist arrivals from January to December 2020 plummeting by 78% as compared to the corresponding period in 2019. The Mauritian economy is expected to contract by at least 15% in 2020 and the Government has introduced several measures to curtail the downturn. Our national carrier, Air Mauritius, a pivotal catalyst that drives business and tourism in Mauritius, was also placed into voluntary administration.

Going Concern Statement

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Internal Control And Risk Management

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Donations

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Statement of Compliance

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Audited Financial Statements

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Independent Auditors' Report

To The Shareholders Of Rogers 
And Company Limited

Report on the Audit of the Consolidated and Separate Financial
Opinion

While the pre-COVID-19 economic outlook was already affected by prolonged instability within the Eurozone and rising trade tensions between the United States and China, the COVID-19 outbreak has cast a shadow of uncertainty across the entire world since early 2020.

The economic impact of the crisis was almost immediately felt in Mauritius, and Moody’s downgraded the country’s sovereign credit-rating from Baa1-stable to Baa1-negative. Nearly all key economic indicators worsened immediately. The most notable one was the number of tourist arrivals from January to December 2020 plummeting by 78% as compared to the corresponding period in 2019. The Mauritian economy is expected to contract by at least 15% in 2020 and the Government has introduced several measures to curtail the downturn. Our national carrier, Air Mauritius, a pivotal catalyst that drives business and tourism in Mauritius, was also placed into voluntary administration.

The economic impact of the crisis was almost immediately felt in Mauritius, and Moody’s downgraded the country’s sovereign credit-rating from Baa1-stable to Baa1-negative. Nearly all key economic

Basis for opinion

While the pre-COVID-19 economic outlook was already affected by prolonged instability within the Eurozone and rising trade tensions between the United States and China, the COVID-19 outbreak has cast a shadow of uncertainty across the entire world since early 2020.

The economic impact of the crisis was almost immediately felt in Mauritius, and Moody’s downgraded the country’s sovereign credit-rating from Baa1-stable to Baa1-negative. Nearly all key economic indicators worsened immediately. The most notable one was the number of tourist arrivals from January to December 2020 plummeting by 78% as compared to the corresponding period in 2019. The Mauritian economy is expected to contract by at least 15% in 2020 and the Government has introduced several measures to curtail the downturn. Our national carrier, Air Mauritius, a pivotal catalyst that drives business and tourism in Mauritius, was also placed into voluntary administration.

The economic impact of the crisis was almost immediately felt in Mauritius, and Moody’s downgraded the country’s sovereign credit-rating from Baa1-stable to Baa1-negative. Nearly all key economic

Key audit matters

While the pre-COVID-19 economic outlook was already affected by prolonged instability within the Eurozone and rising trade tensions between the United States and China, the COVID-19 outbreak has cast a shadow of uncertainty across the entire world since early 2020.

The economic impact of the crisis was almost immediately felt in Mauritius, and Moody’s downgraded the country’s sovereign credit-rating from Baa1-stable to Baa1-negative. Nearly all key economic indicators worsened immediately. The most notable one was the number of tourist arrivals from January to December 2020 plummeting by 78% as compared to the corresponding period in 2019. The Mauritian economy is expected to contract by at least 15% in 2020 and the Government has introduced several measures to curtail the downturn. Our national carrier, Air Mauritius, a pivotal catalyst that drives business and tourism in Mauritius, was also placed into voluntary administration.

The economic impact of the crisis was almost immediately felt in Mauritius, and Moody’s downgraded the country’s sovereign credit-rating from Baa1-stable to Baa1-negative. Nearly all key economic indicators.

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Independent Auditors' Report

To The Shareholders Of Rogers 
And Company Limited

Report on the Audit of the Consolidated and Separate Financial

Opinion

While the pre-COVID-19 economic outlook was already affected by prolonged instability within the Eurozone and rising trade tensions between the United States and China, the COVID-19 outbreak has cast a shadow of uncertainty across the entire world since early 2020.

The economic impact of the crisis was almost immediately felt in Mauritius, and Moody’s downgraded the country’s sovereign credit-rating from Baa1-stable to Baa1-negative. Nearly all key economic indicators worsened immediately. The most notable one was the number of tourist arrivals from January to December 2020 plummeting by 78% as compared to the corresponding period in 2019. The Mauritian economy is expected to contract by at least 15% in 2020 and the Government has introduced several measures to curtail the downturn. Our national carrier, Air Mauritius, a pivotal catalyst that drives business and tourism in Mauritius, was also placed into voluntary administration.

The economic impact of the crisis was almost immediately felt in Mauritius, and Moody’s downgraded the country’s sovereign credit-rating from Baa1-stable to Baa1-negative. Nearly all key economic

Basis for opinion

While the pre-COVID-19 economic outlook was already affected by prolonged instability within the Eurozone and rising trade tensions between the United States and China, the COVID-19 outbreak has cast a shadow of uncertainty across the entire world since early 2020.

The economic impact of the crisis was almost immediately felt in Mauritius, and Moody’s downgraded the country’s sovereign credit-rating from Baa1-stable to Baa1-negative. Nearly all key economic indicators worsened immediately. The most notable one was the number of tourist arrivals from January to December 2020 plummeting by 78% as compared to the corresponding period in 2019. The Mauritian economy is expected to contract by at least 15% in 2020 and the Government has introduced several measures to curtail the downturn. Our national carrier, Air Mauritius, a pivotal catalyst that drives business and tourism in Mauritius, was also placed into voluntary administration.

The economic impact of the crisis was almost immediately felt in Mauritius, and Moody’s downgraded the country’s sovereign credit-rating from Baa1-stable to Baa1-negative. Nearly all key economic

Key audit matters

While the pre-COVID-19 economic outlook was already affected by prolonged instability within the Eurozone and rising trade tensions between the United States and China, the COVID-19 outbreak has cast a shadow of uncertainty across the entire world since early 2020.

The economic impact of the crisis was almost immediately felt in Mauritius, and Moody’s downgraded the country’s sovereign credit-rating from Baa1-stable to Baa1-negative. Nearly all key economic indicators worsened immediately. The most notable one was the number of tourist arrivals from January to December 2020 plummeting by 78% as compared to the corresponding period in 2019. The Mauritian economy is expected to contract by at least 15% in 2020 and the Government has introduced several measures to curtail the downturn. Our national carrier, Air Mauritius, a pivotal catalyst that drives business and tourism in Mauritius, was also placed into voluntary administration.

The economic impact of the crisis was almost immediately felt in Mauritius, and Moody’s downgraded the country’s sovereign credit-rating from Baa1-stable to Baa1-negative. Nearly all key economic indicators.

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Financial

Statements

These financial statements have been approved for issue by the board of directors on 27 January 

Philippe Espitalier-noël 

Chief Executive Officer 

Philippe Espitalier-noël 

Chief Executive Officer

Primary Statements

Profit Or Loss

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Profit Or Loss And Other Comprehensive Income

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Financial Position

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Changes In Equity

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Cash Flows

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Explanatory Notes

Basic Of

Notes 1-2

Results For The 

Notes 3-9

Assets

Notes 10-22

Capital

Notes 23-26

Liabilities

Notes 27-32

Unrecognised Items

Notes 37-39

Cash

Notes 33-36

Others

Notes 40-48

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