A N N U A L   R E P O R T   –   2 0 0 2 
Financial highlights Statutory information
Letter to the shareholders Accounting policies
Board of directors Income statements
Group operations Balance sheets
Developing people Cash flow statements
Corporate governance Notes to the cash flow statements
Value added statement Statements of changes in equity
Segmental analysis Principal subsidiaries
Five-year financial review Share ownership analysis
Summary of statistics Shareholders’ diary
Definitions Administration
Directors’ responsibility Notice of annual general meeting
Report of the independent auditors Currency conversion table
Secretaries’ certification Board, Director and Committes

S T A T U T O R Y   I N F O R M A T I O N        
AUTHORISED AND ISSUED CAPITAL
The authorised capital of the company remained unchanged. During the year 75 000 ordinary shares were issued at R14,90 per share and 300 000 ordinary shares were issued at R5,45 per share. Options exercised in terms of the Reunert 1985 Share Option Scheme accounted for this increase.
DIVIDENDS
An interim ordinary dividend No 152 of 30 cents per share was declared on 31 March 2002 and a final ordinary dividend No 153 of 88 cents per share was declared on 18 November 2002.
A total distribution of 118 cents (2001: 91 cents) per ordinary share was declared for the year.
SUBSIDIARY COMPANIES
Your directors are of the opinion that the publication of information on all the company's subsidiaries in this report would entail expense out of proportion to the value to shareholders.
Annexure A to this report, however, sets out the principal subsidiaries of the company.
DIRECTORATE
Messrs B P Gallagher, D J Rawlinson, M J Shaw and Dr J C van der Horst retire by rotation at the forthcoming annual general meeting and offer themselves for re-election.

INTERESTS OF DIRECTORS

At the reporting date, fully paid ordinary Reunert Limited shares were held directly and indirectly by the directors as indicated in the table below:
  Direct
beneficial
  2002 2001

D E Cooper ­ ­
B P Connellan 33 914 33 914
P T W Curtis ­ ­
B P Gallagher 206 084 206 084
S D Jagoe ­ ­
K J Makwetla ­ ­
G Oosthuizen 30 800 30 800
G Pretorius 390 500 390 500
D J Rawlinson 241 700 241 700
M J Shaw ­ ­
J C van der Horst ­ ­
C L Valkin ­ ­
  902 998 902 998
  Indirect
beneficial
  2002 2001

D E Cooper 35 688 35 688
B P Connellan 10 000 10 000
P T W Curtis ­ ­
B P Gallagher ­ ­
S D Jagoe 11 000 ­
K J Makwetla ­ ­
G Oosthuizen ­ ­
G Pretorius ­ 44 300
D J Rawlinson 20 137 20 137
M J Shaw ­ ­
J C van der Horst ­ ­
C L Valkin ­ ­
  76 825 110 125
These holdings have remained unchanged up to one month prior to the posting of this annual report.
There were no non-beneficial interests in either period.
Executive directors of the company held unexercised options to subscribe for 1 355 000 (2001: 1 355 000) ordinary shares in terms of the Reunert 1985 Share Option Scheme. These options are due to expire as follows:
765 000 on 26 October 2009
250 000 on 1 February 2011
340 000 on 26 September 2011
The directors have no interest in the contracts entered into during the year. For further information on share options by director, see note 29 to the annual financial statements.
ATTRIBUTABLE INTEREST
The attributable interest of the company in the profits and losses of its consolidated subsidiaries for the year ended 30 September 2002 is:
  2002 2001
  Rm Rm

In the aggregate net income 234,1 128,8
In the aggregate net losses (3,5) (19,0)
230,6 109,8


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