IBERSOL Annual Report and Consolidated Accounts 2017

Consolidated financial analysis Risks and uncertainties Risk management is part of the group’s structure and is applied to the entire organisation. It is present in all processes and is part of the re- sponsibility of all managers and staff at different organizational levels. Risk management is developed with the aim of adding value, by managing and controlling the risks and uncertainties which can affect the group’s businesses, from the perspective of operational continuity, with a view to taking full advantage of business opportunities. In terms of strategic planning, risks are identified and evaluated in ex- isting business ventures, as well as during the development stages of new deals and the most relevant project, at which time the strategies for managing those risks are defined. From an operational perspective, risks pertaining to the goal of each business are identified and evaluated, and actions are planned to manage those risks, which are in their turn included and monitored in the busi- ness and functional unit plans. In order to guarantee conformity with established procedures, the main in- ternal control systems are regularly evaluated. The internal control and accompaniment of internal control systems is car- ried out by the Executive Committee. The following sectors are particularly important due to their specificity: - Quality, food hygiene and work safety - Market diversification - Finance - Environment Since the group operates in the food sector, possible epidemics or dis- tortions in the raw material markets and possible changes in consump- tion patterns can seriously impact the financial results. 116