Annual Report - JD Group

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Lets go back 21 years when the world lost one of its finest musical talents Stock markets are crashing around us and Aids is first acknowledged as the chilling threat it is 1984 1983 21 years ago a path was set. A future dreamed. Destined to be fulfilled. On the 27th of July 1983, Price ’n Pride opened its first store. The seed of a dream was planted that would change the face of retailing in South Africa. From humble beginnings, we had no idea how great the dream was or how great the reality would become. Personal computers hit our desks and in 1984 Apple Macintosh introduced the computer that promises 1984 isn’t going to be like 1984 . . . 1987 After 21 years we have only just begun 1985 8 We believed in people from the start. This is why in a Price ’n Pride warehouse in 1985, the Freedom School was set up, later to become the highly respected St Enda’s Community College in Joubert Park. A spirit of giving that set the scene for our future. In 1987 Joshua Doore introduces catalogue selling – an innovative first, bringing value, comfort and lifestyle to the platteland people. This sees warehouses, transport and advertising being optimised, making the bottom line look sexy. And hats off to our people and their passion because operating income before interest rises from a mere R500 thousand to a staggering R9 million.
By 1986 trains can travel faster than a speeding bullet George Bush is elected as the 41st president of the United States . . . 1988 1986 Three years after our first doors open, Joshua Doore is acquired and later that year on the 18th of August the business is listed on the Johannesburg Stock Exchange at a share price of R2,75. The dream begins to grow and we share our success by forming socially responsible organisations like the Mitzvah School, providing tutoring for the underprivileged Matric students from Alexandra. In 1988, another acquisition heralds more change and we welcome Bradlows and Score. We continue to invest in our prime assets – our people, introducing a minimum salary of R500 for employees . . . a first in the industry. Our new acquisition means our debtors book doubles. Our people buy into our dream, and thanks to their commitment and hard work, bad debts drop by an astonishing 70%! 9
Page 1 and 2: 21 Years Young Annual Report 2004
Page 3 and 4: In only 21 years, JD has grown from
Page 5 and 6: PROFILE JD Group, a mass consumer f
Page 7 and 8: Corporate objectives and opportunit
Page 9: Abra Barnetts Bradlows Electric Exp
Page 13 and 14: Executive management Arie Neven (45
Page 15 and 16: Group value added statement 13 2004
Page 17 and 18: ■ Revenue up by 52% to R9,1 billi
Page 19 and 20: “Wars are won in the planning roo
Page 21 and 22: possible for me to mention by name
Page 23 and 24: 1990 1992 1994 The first McDonalds
Page 25 and 26: Social citizenship “. . . and our
Page 27 and 28: one million account holders. Based
Page 29 and 30: 1996 1998 2000 Penny Heyns scoops 3
Page 31 and 32: Abra - practical solutions for your
Page 33 and 34: Bradlows - you’re the difference
Page 35 and 36: Hi-Fi Corporation - the lowest pric
Page 37 and 38: Morkels - your two year guarantee s
Page 39 and 40: Russells - your home lifestyle part
Page 41 and 42: Score is absorbed into a reposition
Page 43 and 44: Ensuring that Group credit manageme
Page 45 and 46: Managing the procurement, maintenan
Page 47 and 48: Comprises a direct audit services d
Page 49 and 50: Group marketing is tasked to consta
Page 51 and 52: Responsible for the Group’s prope
Page 53 and 54: Influencing and shaping the Group
Page 55 and 56: A dream made real through the dedic
Page 57 and 58: Maxx New Media Concept and design G
Page 59 and 60: A brighter future to come Annual Fi
Page 61 and 62:
“the way you behave when you are
Page 63 and 64:
JD Group Limited board and manageme
Page 65 and 66:
The purpose of this committee is to
Page 67 and 68:
Employment benefits funds Approxima
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Fraud and illegal acts JD Group doe
Page 71 and 72:
14 months 12 months 31 August 31 Au
Page 73 and 74:
14 months 12 months 31 August 31 Au
Page 75 and 76:
To the members of JD Group Limited
Page 77 and 78:
Subsidiary companies Details of the
Page 79 and 80:
Retirement Medical Cash Share schem
Page 81 and 82:
Options Sale/ Sale/ exercised Date
Page 83 and 84:
Options Sale/ Sale/ exercised Date
Page 85 and 86:
Basis of accounting The annual fina
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are allocated using the effective i
Page 89 and 90:
unrecognised actuarial gains and lo
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31 Group balance sheet Restated 200
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33 Notes to the Group cash flow sta
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35 Notes to the Group annual financ
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37 2004 2003 Rm Rm 4. Finance costs
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39 2004 2003 7. Earnings per share
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Vehicles and Computer Office equipm
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Vehicles and Computer Office equipm
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45 2004 2003 Rm Rm 12. Investments
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47 2004 2003 Rm Rm 15. Share capita
Page 109 and 110:
18. Interest bearing liabilities co
Page 111 and 112:
22. Financial risk management conti
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24. JD Group/Nedcor alliance The JD
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55 Segmental analysis - geographica
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Electric Express Morkels Barnetts S
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Corporate Group 2004 2003 2004 2003
Page 121 and 122:
Salient features of The JD Group Em
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63 JD Group Limited - company finan
Page 125 and 126:
Issued share capital Shares Direct
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67 Notice to shareholders Notice is
Page 129 and 130:
Material changes Other than the fac
Page 131 and 132:
JD Group Limited (Registration numb
Page 133 and 134:
Shareholders’ diary Financial yea
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Annual Report - JD Group

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