Full annual report - African Bank - Investoreports

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Our stakeholders Our philosophy ABIL subscribes to an integrated sustainable stakeholder model that promotes healthy and enlightened dialogue between the group and its community, because it recognises that all companies operate in a context where social, economic, environmental, legal and regulatory factors can directly or indirectly impact on how business is conducted. It is therefore important that we develop and maintain relationships with a range of stakeholders to inform the business, manage expectations and reputational risks and to continuously improve the alignment between the group and its key stakeholders. The stakeholder groups below have been identified on the basis of the extent to which they are affected by the operations and decisions of the group (stakeholder dependence), as well as their ability to influence the performance or strategic direction of the group (stakeholder influence). ABIL stakeholder What we stand for Our people We promise a safe and challenging work environment, above average remuneration and benefits, ample opportunity to develop and grow and a community of like minded people who want to make a difference. Our customers We promise affordable, responsible and hassle free credit to our customers. We will develop products to meet customers’ every credit need. We will empower customers to make good credit calls and work with them if they find themselves in financial difficulty. We will listen! 12 Where we offer retail products, we will provide affordable, quality products that satisfy our customers’ lifestyle aspirations at the most affordable credit pricing. Our capital providers We undertake to continue to build the group into a sustainable, high return credit provider of scale, who uses capital efficiently and conducts business responsibly. We will provide balanced and transparent disclosure and keep investors informed about the affairs and the prospects of the company. Our suppliers We undertake to show good faith in our dealings, settle our obligations promptly, maintain solid relations with our suppliers, and provide a reliable channel to markets. Our regulators We commit to conducting our businesses practices in a way that is fully compliant with the laws and regulations that apply to us. We pledge cooperation and active participation in forums that will make our industry a more sustainable one. Our communities We pledge to be a socially responsible and humane corporate citizen, that ploughs back in our communities and that will continue to make progress to minimise the negative impact we have on the environment we operate in.
Shareholders’ profile Top fund managers holding/managing ABIL shares >ABIL in perspective Manager Holding % Government Employees Pension Fund (PIC) 98 269 677 12,2 JP Morgan Asset Management 71 327 638 8,9 ABIL B-BBEE programmes 67 609 273 8,5 STANLIB Asset Management 50 790 500 6,3 Investec Asset Management 34 644 778 4,3 Shareholder by geography 15,3% 12,0% 5,1% 7,0% ■ South Africa ■ Rest of Europe ■ UK ■ USA and Canada ■ Rest of world 60,6% Shareholder spread Shares % 1 – 999 3 264 826 0,4 1 000 – 9 999 25 341 364 3,2 10 000 – 99 999 34 890 199 4,3 100 000 – more 740 678 811 92,1 Shareholder split Shares % Non-public 30 684 055 3,8 Directors 29 623 449 3,7 Development trust 1 060 606 0,1 Public 773 491 145 96,2 Empowerment shareholding % 10 8 6 4 2 0 5,1 2005 <strong>African</strong> <strong>Bank</strong> Investments Limited | Integrated Report for the year ended 30 September 2012 13 6,2 2006 6,6 2007 ABIL share price movements Cents 4 500 4 000 3 500 3 000 2 500 2 000 20-09-2009 20-09-2010 5,8 2008 6,5 2009 20-09-2011 7,1 2010 7,5 2011 8,5 2012 20-09-2012
Page 1 and 2: Responsible credit with passion, co
Page 3 and 4: ABIL group - shareholders, funders,
Page 5 and 6: Contents Group profi le 2 Operating
Page 7 and 8: Operating structure >ABIL in perspe
Page 9 and 10: Our values We pledge to live by the
Page 11 and 12: ‘03 ABIL achieves investment grad
Page 13 and 14: African Bank Investments Limited Fi
Page 15: African Bank Investments Limited Fi
Page 19 and 20: 2007 2006 2005 2004 2003 >ABIL in p
Page 21 and 22: 2007 2006 2005 2004 2003 >ABIL in p
Page 23 and 24: Robert John (Johnny) Symmonds (53)
Page 25 and 26: Mojankunyane Florence (Mojanku) Gum
Page 27 and 28: Contents Letter to stakeholders 24
Page 29 and 30: Incwadi eya kubabambiqhaza Isingeni
Page 31 and 32: Ulwazi oluhambelanayo lungatholakal
Page 33 and 34: Umhlaba oncintisanayo Ukukhula okuk
Page 35 and 36: labele izidingongqangi ezikhulayo e
Page 37 and 38: Ukuze uthole olunye ulwazi ngemizam
Page 39 and 40: ngo-1994. Wenze ukufaka isandla oku
Page 41 and 42: usiness overview Material issue Why
Page 43 and 44: For more information on people rela
Page 45 and 46: egistered some short term gains and
Page 47 and 48: What sets us apart Quality of our p
Page 49 and 50: Active engagement with our people i
Page 51 and 52: Our customers Engagement methods St
Page 53 and 54: ABIL engaged with a wide group of l
Page 55 and 56: The most important of these are dis
Page 57 and 58: The risk base of the group is not c
Page 59 and 60: Return on equity in line with targe
Page 61 and 62: Retail unit Consolidation adjustmen
Page 63 and 64: Retail unit Consolidation adjustmen
Page 65 and 66: Share based payment reserve Other O
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Financial returns >business overvie
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Gross profit margin % 46 44 42 41 3
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were launched in October. The virtu
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Number of employees - Banking unit
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Of the credit cards issued in 2012,
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Disbursement features Disbursements
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Vintage graph - African Bank (More
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Liabilities Funding >business overv
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Capital management >business overvi
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The changes to capital adequacy on
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Contents Corporate governance repor
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Corporate governance structure Grou
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Board meetings and attendance >acco
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Conflict of interest All directors
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The office of the group compliance
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Introduction and report objectives
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■ Ensuring that there is an adequ
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Component Summary Benefits Benefits
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Exposure to existing long term ince
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The components of executive directo
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LTIPs awarded to executive director
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accountability the annual general m
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Risk management objectives >account
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Three levels of defence as applied
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Case volumes received: Year-on-year
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For more detail, see the group’s
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accountability Risk Mitigation Furt
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accountability Risk Mitigation Furt
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expectation that losses will occur
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Refer to page 74 and 76 in the inte
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ABIL - capital adequacy ratio % 25
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Liquidity and funding The group man
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deposits at highly competitive rate
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Regulatory risk South Africa’s cu
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Regulatory issue Description Risk/I
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Regulatory issue Description Risk/I
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Dear Sir/Madam In the year 2009 I e
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Scorecard information* Target score
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GRI SO1 For a detailed report on CS
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accountability Overall employee tur
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The Banking unit has increased the
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accountability Transformation and e
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Union membership 2012 47,8% 52,0% 0
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Employee turnover % 45 40 35 30 25
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Union membership % 70 60 50 40 30 2
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Transformation and employment equit
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■ C = Collect; ■ A = Advise;
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GRI PR7 GRI PR8 GRI PR9 Customer ex
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GRI PR1, PR2 >accountability condit
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GRI EC8, EC9, S01 >accountability l
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Number of projects 9% 5% ■ KwaZul
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Ilembe schools connectivity project
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For more information on CSI visit h
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accountability and measured against
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GRI EN18 Weaknesses and shortfalls
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GRI EN2 >accountability Paper savin
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GRI EN30 Community engagement >acco
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Case studies Cato Ridge Epping The
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est practice) gasses are absent and
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Findings Based on our review of the
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Description Explanation 2.7 Markets
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Description Explanation 4.8 Interna
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Description Explanation EC4 Signifi
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Description Explanation Emissions,
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Description Explanation Occupationa
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Description Explanation Freedom of
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Description Explanation Customer he
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Annual financial statements 197-320
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45.1 Operating segments 285 45.2 Se
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Dividend cover (times) Dividend cov
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Acronyms and abbreviations ABIL Afr
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Nine-year summarised group income s
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Currency adjusted group income stat
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Directors’ responsibility stateme
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Audit committee report The audit co
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Domestic Medium Term Note (DMTN) Pr
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Interest of directors of the compan
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■ Granting the general approval t
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Group income statement for the year
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Share based payment reserve Cash fl
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Notes to the group annual financial
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IFRS/IFRIC Title and details Expect
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IFRS/IFRIC Title and details Expect
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3. Critical accounting judgements a
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3.2.2 Impairment of advances >annua
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annual financial statements practic
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Business combinations >annual finan
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annual financial statements payment
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4.10.3 Subsequent measurement >annu
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annual financial statements A finan
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annual financial statements Bank or
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annual financial statements For the
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annual financial statements Ordinar
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4.20 Cost of sales 4.19.3.4 Deliver
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annual financial statements The sha
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annual financial statements the exp
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annual financial statements R milli
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9. Net advances continued 9.1 Credi
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9. Net advances continued 9.1 Credi
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R million Opening balance Recognise
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R million Carrying value at the beg
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R million Balance at the beginning
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2012 2011 Unamortised discount Net
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2012 2011 Unamortised discount Net
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Foreign currency translation Foreig
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Interest capitalised 2012 2011 Unam
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annual financial statements 2012 20
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annual financial statements 2012 20
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annual financial statements 46. Fin
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R million Up to 1 month Greater tha
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annual financial statements Index t
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R million Carrying value at year en
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annual financial statements 49. Int
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annual financial statements 50. Lon
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51. Analysis of financial assets an
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annual financial statements 51. Ana
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annual financial statements 55. Ret
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annual financial statements 58. Res
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Company statement of comprehensive
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Notes to the company annual financi
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Page 321 and 322:
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Prefsure (Botswana) Limited Insuran
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Contents Shareholder information Di
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Dividend timetable >shareholder inf
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JSE statistics >shareholder informa
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Analysis of ordinary shareholders a
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Contents Annual general meeting Not
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3. Ordinary resolution 3 - Election
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annual general meeting As the revis
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annual general meeting 9.1 immediat
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annual general meeting 11.3.3 repur
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Motivation for ordinary resolution
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annual general meeting message util
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Leonidas (Leon) Kirkinis Chief exec
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higher. Qualifying participants are
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(iv) Directors’ interests in secu
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Application form: Electronic partic
Page 355 and 356:
Form of proxy African Bank Investme
Page 357 and 358:
annual general meeting Summary of s
Page 359 and 360:
Corporate information Board of dire
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