Page 24 - Learn Africa 2021 Annual Report

Learn Africa Plc
Directors’ Report (cont’d)
For the year ended 31 March 2021

Training and development
Our Company has adopted a training policy that advocates training and re-training for all employees.
Our training activities during the year cut across all categories of employees. Also, induction training
has been designed to benefit new employees such that it will assist them settle into their roles
conveniently. The newly introduced performance management system ensures that good performance
is recognised and adequately rewarded, while non-performance is appropriately sanctioned. The
system is designed to assist employees develop and apply their innate skills and proficiency in the
discharge of their assigned duties.
Events after the reporting date
As stated in Note 30, there are no events or transactions that have occurred since the reporting date
which would have a material effect on the financial statements as presented.

Format of the financial statement
The financial statements of Learn Africa Plc have been prepared in accordance with the reporting
and presentation requirement of International Financial Reporting Standards (IFRS) issued by the
International Accounting Standards Board (IASB), the provisions of the Companies and Allied
Matters Act, 2020 and the requirements of Financial Reporting Council of Nigeria Act No. 6, 2011.
The Directors consider that the format adopted is that most suitable for the Company.
External Auditors

During the year, Messrs Ernst & Young resigned as auditors in line with the Nigerian Code of Corporate
Governance 2018 directive, on ten years maximum tenure for external auditors. Accordingly, having
spent ten (10) years in its tenure, retired as the Company’s external auditors and Messrs PKF
Professional Services are being recommended to the shareholders as the external auditors of the
Company at this Annual General Meeting, and upon approval, will serve as the Company’s external
auditors.

Responsibility for accuracy of information
Pursuant to Article 2.2.4 of The Amended Listing Rules 2015 of the Nigerian Stock Exchange, the
directors accept responsibility for the accuracy of the information contained in this report.

24 August 2021

By Order of the Board

DCSL Corporate Services Limited
(Company Secretary)
235, Ikorodu Road, Ilupeju
Anne Agbo-FRC/2013/NBA/00000000855

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