Message from the Territory Senior Partner
Welcome to our 2022 Transparency Report
I am pleased to present our firm’s review for the period ending on 30 June 2022.
At PwC, our purpose is to build trust in society and solve important problems. Our strategy in action – The New Equation, focuses on this purpose by combining human ingenuity with the right technology.
During the past twelve months, we have faced the most difficult set of global circumstances including the war in Ukraine, the continuing effects of the COVID-19 pandemic, rising inflation, an energy crisis, supply chain disruption and the pressing need to address climate change. Managing such tough challenges and meeting our clients’ expectations is only possible when we come together: when people with diverse skills combine forces to solve complex problems, and when business steps up to take responsibility for its impact on society.
In a year that has seen such rapid change, and numerous challenges locally and globally, I’m so proud of the work that our talented group of partners, directors and staff has delivered this year to support our clients and to make positive contributions to the society we all share. I would like to thank each and every one of them for their constant commitment, enthusiasm and perseverance.
Our results for the 12 months to 30 June 2022 are encouraging, with turnover increasing by 11% to €50.4 million. This continues to give us a great foundation, and also a responsibility, to continue to invest in our people and our business, and also to adapt to the new realities brought about by the continuing change in landscape.
Our people, and the wide range of skills and experiences they bring to work every day, are the engine of our success.
Delivering quality work is at the core of everything that we do. Our multi-disciplinary model is key to ensuring that our services remain of the highest quality as all our people, from all lines of service, can access specialists from a wide spectrum of fields. Delivering quality audits, and handling complex engagements across the firm, can only be achieved through combining a multitude of skills and perspectives.
There will be always more that we can do, and we strive to learn from our past to improve the future. We have continued to invest significantly in tools and resources to help us achieve this objective, and we will continue to do so for many years to come.
We continue to invest in the student population and to build strong relationships with the University of Malta and MCAST – the two key institutions synonymous with further and higher education in Malta.
Today, it has become more apparent, and there is more awareness, that we live in a society where there are a number of people who are less fortunate than ourselves. We do put significant effort in trying to have a positive impact on society through the provision of various financial and non-financial support.
Today, the firm is in a strong position thanks to the trust that our clients entrust us with, the skills of our people, and our continued investment in seeking to be a community of solvers. Looking forward, we commit to continue investing in our practice, working side by side with our clients to cater for their needs while empowering our people who are the backbone of who we are and what we stand for.
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