Annual Report - JD Group

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Share incentive trusts 60 2004 2003 The JD Group Employee Share Incentive Scheme Number of shares Shares available At beginning of year 7 670 028 1 947 409 Additional shares made available to the directors in terms of the scheme 7 123 590 8 972 719 Options granted (3 115 000) (3 360 000) Options forfeited 98 750 109 900 At end of year 11 777 368 7 670 028 Share options granted At beginning of year 14 266 800 11 280 480 Options granted 3 115 000 3 360 000 Options forfeited (98 750) (109 900) Options exercised (3 260 418) (263 780) At end of year 14 022 632 14 266 800 Number of participants 170 195 Shares available for utilisation At beginning of year 158 894 200 At acquisition adjustment (acquired from Profurn share trust) 223 611 – Issued to the trust 5 170 000 422 474 Options exercised (3 260 418) (263 780) At end of year 2 292 087 158 894 Rm Rm Amount owing by employees to the Trust – – Loan by the Company to the Trust 60 2 Fair value of shares 104 5 2004 2003 The JD Group Limited Share Incentive Trust Number of shares Shares available for utilisation At beginning of year 638 309 638 309 Issued 353 353 Held under options granted 637 956 637 956 Options exercised (64 000) – At end of year 574 309 638 309 Issued 353 353 Held under options granted 573 956 637 956 Number of participants 8 9 Rm Rm Amount owing by employees to the Trust – – Loan by the Company to the Trust 6 10 Fair value of shares 26 20
Salient features of The JD Group Employee Share Incentive Scheme trust deed 1. Purpose The JD Group Employee Share Incentive Scheme which was approved by the directors on 29 March 1996, amended by special resolution on 31 January 2001 and amended again on 11 August 2003, is intended as an incentive to current and future employees (including executive and non-executive directors) of JD Group to render services to the Company by giving them the opportunity to acquire ordinary shares enabling them to share in the wealth of the Company. 2. Option price The price per share payable by a participant upon the exercise of share options in terms of this scheme, shall be an amount equal to 90% of the closing price at which shares of the Company are traded at the close of business on the JSE on the trading day immediately preceding the date upon which the board will have resolved to grant, or direct the trustees to grant, the relevant option. Each share option shall confer the right on the holder thereof to subscribe for or purchase one share at the option price. 3. Exercise of share options Share options may not be exercised, until after a period, calculated from the date of acceptance of the offer as follows: 3.1 more than two years shall have elapsed, in which event not more than 25%; 3.2 more than three years shall have elapsed, in which event not more than 50%, cumulatively; 3.3 more than four years shall have elapsed, in which event not more than 75%, cumulatively; and 3.4 more than five years shall have elapsed, in which event all of the relevant share options may be exercised, but within seven years, provided that the board may, subject to the lapsing of a share option, permit exercise dates contemplated above to be anticipated or postponed to such other date/s and to the extent determined by the board. 4. Share options granted Price Number of shares at Date of grant (cents) 31 August 2004 24 June 1996 1 879 173 532 28 August 1996 1 785 1 000 20 August 1997 2 763 61 000 5 November 1997 2 763 30 000 2 February 1998 2 932 12 000 2 September 1998 1 403 92 600 1 June 1999 2 809 50 000 4 October 1999 2 907 355 900 25 May 2000 2 984 2 950 000 22 November 2000 2 848 1 205 000 2 May 2001 2 720 800 000 30 July 2001 2 962 200 000 30 May 2002 1 428 1 646 600 20 February 2003 1 619 1 880 000 25 July 2003 2 342 180 000 10 September 2003 2 803 1 270 000 25 February 2004 3 690 775 000 19 May 2004 3 510 2 340 000 61 14 022 632
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21 Years Young Annual Report 2004
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In only 21 years, JD has grown from
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PROFILE JD Group, a mass consumer f
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Corporate objectives and opportunit
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Abra Barnetts Bradlows Electric Exp
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By 1986 trains can travel faster th
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Executive management Arie Neven (45
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Group value added statement 13 2004
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■ Revenue up by 52% to R9,1 billi
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“Wars are won in the planning roo
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possible for me to mention by name
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1990 1992 1994 The first McDonalds
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Social citizenship “. . . and our
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one million account holders. Based
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1996 1998 2000 Penny Heyns scoops 3
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Abra - practical solutions for your
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Bradlows - you’re the difference
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Hi-Fi Corporation - the lowest pric
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Morkels - your two year guarantee s
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Russells - your home lifestyle part
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Score is absorbed into a reposition
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Ensuring that Group credit manageme
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Managing the procurement, maintenan
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Comprises a direct audit services d
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Group marketing is tasked to consta
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Responsible for the Group’s prope
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Influencing and shaping the Group
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A dream made real through the dedic
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Maxx New Media Concept and design G
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A brighter future to come Annual Fi
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“the way you behave when you are
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JD Group Limited board and manageme
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The purpose of this committee is to
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Employment benefits funds Approxima
Page 69 and 70: 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
Page 87 and 88: are allocated using the effective i
Page 89 and 90: unrecognised actuarial gains and lo
Page 91 and 92: 31 Group balance sheet Restated 200
Page 93 and 94: 33 Notes to the Group cash flow sta
Page 95 and 96: 35 Notes to the Group annual financ
Page 97 and 98: 37 2004 2003 Rm Rm 4. Finance costs
Page 99 and 100: 39 2004 2003 7. Earnings per share
Page 101 and 102: Vehicles and Computer Office equipm
Page 103 and 104: Vehicles and Computer Office equipm
Page 105 and 106: 45 2004 2003 Rm Rm 12. Investments
Page 107 and 108: 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
Page 113 and 114: 24. JD Group/Nedcor alliance The JD
Page 115 and 116: 55 Segmental analysis - geographica
Page 117 and 118: Electric Express Morkels Barnetts S
Page 119: Corporate Group 2004 2003 2004 2003
Page 123 and 124: 63 JD Group Limited - company finan
Page 125 and 126: Issued share capital Shares Direct
Page 127 and 128: 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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