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Financial
performance
84
Prominent notice
85
Statement of Directors’ responsibility
86
Approval of the financial statements
86
Declaration of Company Secretary
87
Directors’ report
91
Independent auditors’ report
92
Group statement of financial position
93
Group statement of comprehensive income
94
Group statement of changes in equity
96
Group statement of cash flows
97
Notes to the Group annual financial statements
194
Company statement of financial position
195
Company statement of comprehensive income
196
Company statement of changes in equity
198
Company statement of cash flows
199
Notes to the Company annual financial
statements
224
Annexure to the Company annual financial
statements
Shareholders’
information and
administration
226
Notice of Annual General
Meeting and proxy
240
Glossary
IBC
Administration
CONTENTS
Business model
and strategic
objectives
1
Nature of business
3
Vision, mission and values
4
How we work – business illustrated
6
Approach and reporting framework
7
Key facts
9
Highlights
10
Eight-year financial history
12
Operating organogram
13
Understanding material matters
17
Ethical leadership and business conduct
Leadership
18
Board of Directors
22
Senior Management
24
Chairman’s report
26
Conversation with Joint Chief Executive Officers
30
Financial Director’s report
Governance
38
Governance framework
45
King III summary
49
Governance of risk
50
Compliance report
51
Stakeholder relations
60
Remuneration report
65
Audit, Risk and Compliance Committee report
69
Social, Ethics and Transformation Committee
report
Operating
performance
70
Operational overview
76
Value added statement
78
Social practices
81
Human capital
83
Health and safety responsibility practices