A N N U A L R E P O R T - 2 0 0 3
Content
Highlights
Accounting policies
Letter to shareholders
Income statements
Board and governance structure
Balance sheets
Group overview
Cash flow statements
Building and developing people
Notes to the cash flow statements
Corporate governance
Statement of changes in equity
Value added statement
Notes to the annual financial statements
Segmental analysis
Principal subsidiaries
Five-year financial review
Share ownership analysis
Summary of statistics
Shareholders' diary
Definitions
Corporate administration and information
Directors' responsibility
Notice of annual general meeting
Report of the independent auditors
Currency conversion table
Secretaries' certification
Proxy form
Statutory information
Revenue grew by 21%
Operating profit increased by 29%
EBITDA up by 27% to R712 million
Headline earnings per share down 20%
Total dividends of 120 cents per share declared
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