Blue Label Telecoms Integrated Annual Report 2016

3 / 198

1
BLUE LABEL INTEGRATED ANNUAL REPORT 2016
Contents
BUSINESS MODEL AND STRATEGIC OBJECTIVES
Our business IFC
Vision, mission and values 2
How we work – business illustrated 4
Approach and reporting framework 6
Business model 7
Key facts 8
Highlights 10
Nine-year financial history 10
Operating organogram 12
Understanding material matters 14
Ethical leadership and business conduct 17
LEADERSHIP
Board of Directors 18
Senior Management 22
Chairman’s report 24
Conversation with Joint Chief
Executive Officers 26
Financial Director’s report 30
GOVERNANCE
Governance framework 36
King III summary 41
Governance of risk 44
Compliance report 45
Stakeholder relations 46
Remuneration report 53
Audit, Risk and Compliance Committee report 58
Social, Ethics and Transformation Committee
report 61
OPERATING PERFORMANCE
Operational overview 62
Value added statement 68
Social practices 70
Human capital 72
Health and safety responsibility practices 74
FINANCIAL PERFORMANCE
Prominent notice 75
Statement of Directors’ responsibility 75
Approval of the financial statements 76
Declaration by the Company Secretary 77
Directors’ report 78
Independent auditor’s report 81
Group income statement 82
Group statement of comprehensive income 82
Group statement of financial position 83
Group statement of changes in equity 84
Group statement of cash flows 86
Notes to the Group annual financial
statements 87
Company statement of financial position 152
Company statement of comprehensive income 153
Company statement of changes in equity 154
Company statement of cash flows 156
Notes to the Company annual financial
statements 157
SHAREHOLDERS’ INFORMATION
AND ADMINISTRATION
Annexure to the Company annual financial
statements
Shareholder analysis 180
Notice of Annual General Meeting and proxy 182
Glossary 192
Administration IBC