Full annual report - African Bank - Investoreports

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Analysis of preference shareholders as at 30 September 2012 Range 328 Number of holders % of total shareholders Number of shares % of total issued share capital 1 – 999 781 35,4 345 445 2,6 1 000 – 9 999 1 198 54,3 3 315 418 24,5 10 000 – 99 999 202 9,2 4 447 805 32,9 100 000 – more 25 1,1 5 414 361 40,0 Total 2 206 100,0 13 523 029 100,0 Shareholder spread Non-public – – – – Public 2 206 100,0 13 523 029 100,0 Total 2 206 100,0 13 523 029 100,0 Distribution of shareholders Individuals 1 547 70,1 4 789 880 35,4 Growth funds/unit trusts 42 1,9 3 327 594 24,6 Nominees and trusts 448 20,3 2 046 767 15,1 Insurance companies 7 0,3 729 229 5,4 Limited companies 4 0,2 182 580 1,4 Close corporations 45 2,0 668 494 4,9 Private companies 73 3,3 1 311 347 9,7 Other corporate bodies 40 1,8 467 138 3,5 Total 2 206 100,0 13 523 029 100,0 Top beneficial shareholders SAHD 500 000 3,7 SBSA ITF MOM OPP INC FD 376 000 2,8 SBSA ITF OMUT FLEX FND 295 557 2,2 SBSA ITF MOM BB FL IN SA 145 931 1,1 SBSA ITF 4I INC FD MOM 125 000 0,9 SBSA ITF OMUT REAL INC FND 94 942 0,7 Grindrod Diversified Preference Shares 347 533 2,6 Invested Absoluted Balanced Fund 320 000 2,4 Winburn Investments CC 318 514 2,4 NES Investments (Proprietary) Limited 311 934 2,3 Hollard Insurance Company Limited 246 000 1,8 Liberty Group Shareholders 225 806 1,7 Liberty Life Association of Africa Limited 202 387 1,5 Liberty Active Investment 135 483 1,0 Personal Trust High Yield Growth Fund 205 719 1,5 Personal Trust Conservative Managed 180 228 1,3 Stanlib Dynamic Return Fund 180 000 1,3 GFS Holdings Limited 163 149 1,2 Tantalum Enhanced Cash Fund 143 912 1,1 Van Tonder #2 141 800 1,1 Wanckel (SRO883) 137 000 1,0 Regent Insurance Company Limited 128 650 1,0 Legal Expenses Insurance SA Limited 125 392 0,9 Borman Consulting & Investments (Proprietary) Limited 109 626 0,8 Platinum/The Waterford Family Trust 100 000 0,7
Contents Annual general meeting Notice of annual general meeting 330 Directors’ curricula vitae 342 Remuneration policy of African Bank Investments Limited 344 >annual general meeting 329-354 Paragraph 11.26 information 346 Application form: Electronic participation 349 Form of proxy 351 African Bank Investments Limited | Integrated Report for the year ended 30 September 2012 329
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Responsible credit with passion, co
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ABIL group - shareholders, funders,
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Contents Group profi le 2 Operating
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Operating structure >ABIL in perspe
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Our values We pledge to live by the
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‘03 ABIL achieves investment grad
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African Bank Investments Limited Fi
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African Bank Investments Limited Fi
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Shareholders’ profile Top fund ma
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2007 2006 2005 2004 2003 >ABIL in p
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2007 2006 2005 2004 2003 >ABIL in p
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Robert John (Johnny) Symmonds (53)
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Mojankunyane Florence (Mojanku) Gum
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Contents Letter to stakeholders 24
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Incwadi eya kubabambiqhaza Isingeni
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Ulwazi oluhambelanayo lungatholakal
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Umhlaba oncintisanayo Ukukhula okuk
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labele izidingongqangi ezikhulayo e
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Ukuze uthole olunye ulwazi ngemizam
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ngo-1994. Wenze ukufaka isandla oku
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usiness overview Material issue Why
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For more information on people rela
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egistered some short term gains and
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What sets us apart Quality of our p
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Active engagement with our people i
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Our customers Engagement methods St
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ABIL engaged with a wide group of l
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The most important of these are dis
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The risk base of the group is not c
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Return on equity in line with targe
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Retail unit Consolidation adjustmen
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Retail unit Consolidation adjustmen
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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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annual financial statements R milli
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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
Page 281 and 282: annual financial statements 2012 20
Page 283 and 284: annual financial statements R milli
Page 287 and 288: annual financial statements 2012 20
Page 291 and 292: annual financial statements 46. Fin
Page 293 and 294: R million Up to 1 month Greater tha
Page 299 and 300: annual financial statements Index t
Page 301 and 302: R million Carrying value at year en
Page 303 and 304: annual financial statements 49. Int
Page 305 and 306: annual financial statements 50. Lon
Page 307 and 308: 51. Analysis of financial assets an
Page 309 and 310: annual financial statements 51. Ana
Page 311 and 312: annual financial statements 55. Ret
Page 313 and 314: annual financial statements 58. Res
Page 315 and 316: Company statement of comprehensive
Page 317 and 318: Notes to the company annual financi
Page 323 and 324: Prefsure (Botswana) Limited Insuran
Page 325 and 326: Contents Shareholder information Di
Page 327 and 328: Dividend timetable >shareholder inf
Page 329 and 330: JSE statistics >shareholder informa
Page 331: Analysis of ordinary shareholders a
Page 335 and 336: 3. Ordinary resolution 3 - Election
Page 337 and 338: annual general meeting As the revis
Page 339 and 340: annual general meeting 9.1 immediat
Page 341 and 342: annual general meeting 11.3.3 repur
Page 343 and 344: Motivation for ordinary resolution
Page 345 and 346: annual general meeting message util
Page 347 and 348: Leonidas (Leon) Kirkinis Chief exec
Page 349 and 350: higher. Qualifying participants are
Page 351 and 352: (iv) Directors’ interests in secu
Page 353 and 354: 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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