Statement of Management’s Responsibilities

Management is responsible for the following: • Preparing and fairly presenting the accompanying consolidated financial statements of Massy Holdings

Ltd. and its subsidiaries (the Group) which comprise the consolidated statement of financial position as at

September 30, 2022, the consolidated statements of profit or loss, other comprehensive income, changes in equity and cash flows for the year then ended and a summary of 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 operational efficiencies for the Group; • Ensuring that the system of internal control operated effectively during the reporting period; • Producing reliable financial reporting that comply with laws and regulations, including the Companies Act; and • Using reasonable and prudent judgement in the determination of estimates. In preparing these audited 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.

E. Gervase Warner Chief Executive Officer November 23, 2022 Vaughn Martin Chief Financial Officer November 23, 2022

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Table of Contents

Independent Auditor’s Report Consolidated Statement of Financial Position Consolidated Statement of Profit or Loss Consolidated Statement of Other Comprehensive Income Consolidated Statement of Changes in Equity Consolidated Statement of Cash Flows Notes to the Consolidated Financial Statements

1 General Information 2 Summary of significant accounting policies 3 Segment information 4 Critical accounting estimates and judgements 5 Property, plant and equipment 6 Leases 7 Investment properties 8 Goodwill 9 Other intangible assets 10 Investments in associates and joint ventures 11 Trade and other receivables 12 Financial assets 13 Deferred income tax 14 Retirement benefit assets/obligations 15 Inventories 16 Statutory deposits with regulators 17 Cash and cash equivalents 18 Share capital 19 Dividends per share 20 Other reserves 21 Non-controlling interests 22 Borrowings 23 Customers’ deposits 24 Trade and other payables 25 Liabilities on insurance contracts 26 Operating profit before finance costs 27 Staff costs 28 Finance costs – net 29 Income tax expense 30 Earnings per share 31 Contingencies 32 Commitments 33 Related party transactions 34 Financial risk management 35 Management of insurance risk 36 Business combinations 37 Discontinued operations Five-Year Review 94 102 104 105 106 107 109

109 110 127 130 132 133 135 135 137 137 140 141 142 143 149 150 150 151 151 152 153 155 156 157 158 160 161 161 162 162 163 163 164 164 180 182 182 190