Annual Report 2009
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Performance overview
Financial highlights
Group portfolio
Sustainability highlights
Path to value unlocking
Ten-year financial review
Ten-year performance indicators
Board of directors
Board of directors
Chairman's review
Introduction
Economic environment
Financial results
Board of directors
Black-economic empowerment
Governance
Chief executive
officer's review
Introduction
Strategic investments
Mvelaserve
Shareholders and dividend
Strategy and prospects
Current challenges
Prospects
Financial review
Introduction
Financial reporting controls
Financial performance
Cash flow
Financial position
Capital structure
Intrinsic net asset value
Cash distributions and dividends
Financial returns
Business review
Strategic investments
Mvelaserve
Sustainability report
Sustainability report
Financials
Corporate governance
Independent auditors’ report
Directors’ responsibility statement
Statement of compliance by the company secretary
Directors’ report
Accounting policies
Segmental information
Financial statements
Analysis of ordinary shareholders
Principal subsidiaries
Principal investments, associates and joint ventures
Administration
Information to shareholders
Notice to shareholders
Form of proxy
Glossary
Administration
Business review
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Above left: Craig Lyons Above right: Tshakalisa Matiwaza
PERFORMANCE REVIEW
Batho Bonke financing successfully raised with effect from 1 September 2009
Batho Bonke will distribute R146 million to shareholders of which Mvelaphanda Group’s share is R65 million
Cash of R195 million received from investments
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