Welcome to our 2017 digital Annual Report. We’ve used multimedia to tell the story of our year, and you can find the data in the ‘downloads’ section. Scroll down the page and you can see how our strategy has come to life in FY17 with our new strategy filter.
Our strategy guides the decisions our people are involved in every day. As a leading firm, PwC strives to build trust in society by putting our clients first, embracing new technology and creating a diverse, empowered workforce.
Our stories share first-hand experiences demonstrating how our strategy and purpose underpin our work and make a difference to our clients.
Find out how our culture and values underpin what we do and how it helps us successfully deliver against our strategy.
Our Chairman and Senior Partner, Kevin Ellis talks about our performance over the past year, and how our response to a changing economic climate and collaboration with clients underpins our purpose.
Warwick Hunt, our Chief Operating Officer and Managing Partner - International, presents the financial highlights for the year to June 2017. We have seen good, broadly based growth from a whole range of areas of our business despite the challenges of economic and political uncertainty. Revenues increased to £3.6 billion and our total tax contribution was over £1.16bn. Warwick’s video gives the detail, and you can find the full financial statements in the downloads section.
We have a broad and well-diversified business with clients spanning a range of industries and sectors.
Line of service
Our core services are Assurance, Consulting, Deals and Tax. We tailor our services to specific client needs and we offer an integrated approach.
You can find out more about the highlights from our lines of service here.
A major strength of our business is our balanced portfolio. In FY17, 25% of our revenue came from work with private businesses and 27% from inbound clients headquartered overseas, reflecting the benefit of a strong and connected international network.
Despite economic uncertainty, all of our industry groups showed growth this year. In particular, the technology, information and communications sector proved highly resilient, with significant transaction led activity in the hospitality and leisure sectors and in consumer and industrial products, we saw strong demand for business services, supply chain and cost reduction support.
We’ve seen continued demand for services from our non-audit clients and Mandatory Firm Rotation has brought significant opportunities and allowed us to develop new relationships.