Appen Limited
Level 6, 9 Help Street
Chatswood NSW 2067
only | Tel: 02 9468 6300 |
www.appen.com | |
ASX ANNOUNCEMENT | |
24 February 2022 | |
ANNUAL REPORT | |
use | |
Appen Limited (Appen) (ASX:APX) is pleased to release its Annual Report for the year ended 31 December 2021. | |
Authorised for release by the Board of Appen Limited. | |
Please contact for more information: | |
Rosalie Duff | |
personalFor | |
Investor Relations | |
+61 2 9468 6300 |
investorrelations@appen.com
www.appen.com/investors
For personal use only
Powering the
AIlife
cycle
2021 Annual Report
For personal use only
Contents
-
Mission, vision and values
3 Our strategy
4 Global reach
6 2021 highlights
8 Chairman's message
10 CEO's message
12 How we create value
14 Technology, processes, systems
About this report
This Annual Report combines our financial and non-financial performance, linking environmental, social and governance matters to our strategy and business performance.
In preparing our Annual Report, we have used the International Integrated Reporting Council (IIRC) Framework and the Sustainability Accounting Standards Board (SASB) to guide our disclosures on how Appen creates value for shareholders and which topics are most material to our business.
Underlying results are alternative measures to those recommended under International Financial Reporting Standards (IFRS) and are used by management to assess the underlying performance of the business. Underlying results have been derived from statutory measures contained in the financial statements but have not been subject to audit. A reconciliation between statutory and underlying results is detailed on page 29 of this report.
This year Appen changed its reporting currency from Australian dollars to United States (US) dollars. The change was driven by the fact that more than 90% of Appen's revenue and assets are in US dollars. Unless otherwise stated, all amounts are in United States (US) dollars.
- Global crowd
- Our people
- Customer and brand
- Financial
- Social and environment
- Identifying and managing risk
- Our approach to governance
- Board of Directors
During the year, Appen also announced a corporate restructure. Details of our five business units, our two operating and reporting segments can be found on page 51 in the Directors' report.
Forward-looking statements
This report contains forward-looking statements. These statements involve subjective judgement and analysis and are subject to significant uncertainties, risks, and contingencies, many of which are outside the control of Appen.
In particular, they speak only as of the date of this report, they are based on particular events, conditions or circumstances stated in the materials, they assume the success of Appen's business strategies, and they are subject to significant regulatory, business, competitive, currency and economic uncertainties and risks. Except as required by applicable regulations or by law, Appen does not undertake to publicly update or review any forward- looking statements, whether as a result of new information or future events. Past performance cannot be relied
on as a guide to future performance.
Material issues
A matter is considered material if senior management and the board believe
- Executive Team
-
Directors' report
54 Remuneration report
- Financial report
- Directors' declaration
- Independent auditor's report
- Additional information
- Corporate directory
it could significantly impact the value created and delivered in the short, medium and long term. We identify and capture material matters through stakeholder engagement and our annual risk and materiality assessment.
Operating and
Financial Review
The sections of this report from pages 8 to 45 titled the Chairman's message, CEO's message, How we create value, Identifying and managing risk and Our approach to governance comprise our Operating and financial review (OFR) and form part of the Directors' report.
Verification and assurance
The Directors' report, including information about How we create value, Identifying and managing risk and Our approach to governance is prepared by management in consultation with the board. The content in the Directors' report is guided by regulatory requirements and our interactions with investors and other stakeholders throughout the year.
The information in the Directors' report is derived from Appen's internal records and has been through our internal verification process. An independent audit of our consolidated financial accounts has been conducted by KPMG.
Appen Limited
ABN 60 138 878 298 | All amounts in this report are in US dollars unless otherwise stated. |
For personal use only
Appen provides data
for the AI lifecycle
1. | ||
Data | ||
sourcing | ||
4. | 2. | |
Model | Data | |
evaluation | ||
preparation | ||
by humans | 1 | |
3.
Model
training and deployment
We are the leading provider in three out of the four essential steps of the AI lifecycle, including:
1. Data sourcing, 2. Data preparation, and
4. Real-world model evaluation
Where we don't provide native experience, we integrate with clients and partner with leading model management companies
1 Includes relevance.
Appen 2021 Annual Report | 1 |
For personal use only
2
Mission,
vision and values
At Appen, we collect and label images, text, speech, audio, video, and other data used to build and continuously improve the world's most innovative artificial intelligence systems.
Our training data gives leaders in technology, automotive, financial services, retail, healthcare, and government the confidence to deploy world-class AI products.
Our mission | Enable our customers to build better AI by creating large |
volumes of high-quality unbiased training data faster |
Our vision | To be the leading global provider of data for the AI lifecycle |
At Appen, our team seeks to live our
values in everything we do.
Our values
Performance is having the focus and agility | Humility is being part of a team; giving credit |
to achieve quality outcomes and exceed | and showing gratitude to others for their |
expectations. We never stop learning, and | contributions; seeking diverse perspectives; |
push and challenge ourselves every day. | and not being afraid to ask for help when |
we don't know something. | |
Honesty is being a truth-teller in a respectful | Grit is about taking ownership; not giving |
way; taking accountability for our actions; | up; and, finding the courage to succeed. |
giving and receiving direct feedback; and, | Grit and resilience give us the confidence |
being honest with each other, our customers, | and determination to achieve our goals. |
our crowd and ourselves. |
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Disclaimer
Appen Ltd. published this content on 23 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2022 23:00:51 UTC.