Transcription of 2020-21 ANNUAL REPORT
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2020-21 ANNUAL REPORT LETTER OF TRANSMITTAL The Honourable Peter Bethlenfalvy, Minister of Finance: Dear Minister, I have the honour to present you with the 2020-21 ANNUAL REPORT of the Liquor Control Board of Ontario. Respectfully submitted, Carmine Nigro, Chair Table of Contents HIGHLIGHTS PAGE 3 MESSAGE FROM THE CHAIR PAGE 6 MESSAGE FROM THE PRESIDENT & CEO PAGE 8 CORPORATE STRUCTURE PAGE 11 BOARD MEMBERS PAGE 14 STRATEGIC PLAN OVERVIEW PAGE 18 MANAGEMENT DISCUSSION & ANALYSIS OF OPERATIONS PAGE 24 RESPONSIBILITY FOR FINANCIAL REPORTING PAGE 44 INDEPENDENT AUDITOR S REPORT PAGE 45 FINANCIAL STATEMENTS & NOTES PAGE 48 FINANCIAL OVERVIEW PAGE 94 CREDITS PAGE 102 LCBO FY2021 ANNUAL REPORT 2
and strengthening our digital, retail, and wholesale channels. FINANCIAL OVERVIEW . The LCBO is a proud contributor to the Government of Ontario. The revenues it generates supports key public programs and services for Ontarians, including health care, education, and infrastructure within the province.
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