About this report

Scope and boundary of report


This is our primary report and it covers strategy, financial and non-financial performance, and prospects of Reunert Limited and its subsidiaries (the Reunert group) for the financial year 1 October 2010 to 30 September 2011. The group operates mainly in South Africa.

In preparing the report, management has considered the draft guidelines on integrated reporting provided by the Integrated Reporting Committee (IRC) of South Africa. The audited financial statements are prepared in accordance with International Financial Reporting Standards (IFRS). Sustainability related information, which is integrated into the commentary and newly introduced operating reviews, has been compiled using the G3.1 guidelines of the Global Reporting Initiative (GRI). A consolidated GRI response table can be found on our website.

For this report, we have defined materiality as issues or occurrences that have a significant financial impact on the short-term performance or prospects of Reunert. In the year to come we will work together with our stakeholders on qualifying materiality more specifically according to their interests, particularly in the environmental and social spheres.

Certain statistical information is provided for comparative purposes for up to ten years. Information covers subsidiary, joint venture and investment companies. For sustainability elements, information relating to managed operations is disclosed on a 100% basis, and for our joint venture in CBI-electric: Aberdare ATC telecom cables on a 50% basis.

In the current year we have condensed the presentation relating to our finance company, Quince Capital, in respect of the income statement and balance sheet. Comparatives have been restated accordingly. Details can be found here.

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