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BLUE LABEL
INTEGRATED ANNUAL REPORT 2017
Report contents
p1 – 15
STRATEGIC REVIEW
Key facts
1
Highlights
2
Business model
3
Our business
4
Vision, mission and values
5
How we work – business illustrated
6
Approach and reporting frameworks
8
Group operating structure
9
Ten-year review
10
Understanding material matters
12
Ethical leadership and business conduct
15
p16 – 33
LEADERSHIP
Board of Directors
16
Senior Management
18
Chairman’s report
20
The Joint Chief Executive Officers’ report
22
Financial Director’s report
26
p34 – 71
GOVERNANCE
Governance philosophy and approach
34
Effective and ethical leadership
35
Board composition, structure and report back 37
King IV functional areas
46
Governance of risk
47
Technology and information governance
48
Compliance report
49
Combined assurance
50
Stakeholder relations
51
Remuneration report
56
Audit, Risk and Compliance Committee’s
report
67
Social, Ethics and Transformation
Committee’s report
71
p72 — 84
OPERATING PERFORMANCE
Operational overview
72
Value added statement
78
Social practices
80
Human capital
81
Health and safety
82
Corporate social investment
83
p85 – 197
FINANCIAL PERFORMANCE
Prominent notice
85
Statement of Directors’ responsibility
85
Approval of the financial statements
86
Declaration by the Company Secretary
86
Directors’ report
87
Independent auditor’s report
90
Group income statement
96
Group statement of comprehensive income
96
Group statement of financial position
97
Group statement of changes in equity
98
Group statement of cash flows
100
Notes to the Group annual financial
statements
101
Company statement of financial position
170
Company statement of comprehensive income 171
Company statement of changes in equity
172
Company statement of cash flows
174
Notes to the Company annual financial
statements
175
p198 – IBC
SHAREHOLDERS’ INFORMATION
AND ADMINISTRATION
Annexure to the Company annual financial
statements – shareholder analysis
198
Notice of Annual General Meeting and proxy 200
Glossary
213
Administration
IBC
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