Annual Report - JD Group

More documents

Recommendations

Info

Salient features of The JD Group Employee Share Incentive Scheme trust deed continued 5. The JD Group Limited Share Incentive Trust JD Group currently has two share incentive schemes in operation, namely the scheme referred to in paragraphs 1 to 4 above and Jodtrust. No further shares will be made available to Jodtrust. The following share options have been granted in respect of issued shares: Price Number of shares at Date of grant (cents) 31 August 2004 4 October 1999 3 418 573 956 These options become exercisable as follows: On or after 5 October 2002 107 591 On or after 5 October 2003 107 591 On or after 5 October 2004 358 774 62 573 956 The JD Group Employee Share Incentive Scheme has effectively replaced Jodtrust and accordingly the salient features of the latter have not been disclosed. 6. Dividends and voting rights Dividends in respect of shares held in terms of the credit sale scheme are payable to the trust and are credited to the participant’s loan account until such time as the shares have been paid for in full by the participant, whereafter the dividends accrue and are paid to the participant. Voting rights in respect of shares held in terms of the credit sale scheme vest with the trustees, until such time as the shares have been paid for in full by the participant. 7. Principal terms of loans 7.1 Loans between the company and the trust: Loans bear interest at rates agreed to between the trustees and the Company from time to time. 7.2 Loans between the trust and participants: Loans bear interest at rates determined to by the trustees from time to time.
63 JD Group Limited – company financial statements The Company operates as an investment holding company only. All trading and banking is conducted through its wholly owned subsidiaries. Consequently, no cash flow statement is presented. The statement of changes in equity has not been prepared as the movement is evident from the Company income statement and Group statement of changes in equity. 2004 2003 Note Rm Rm Income statement Dividend received from JDG Trading (Pty) Ltd 524 265 Interest received 1 – Revaluation of investment 1 149 89 Net income before taxation 674 354 Taxation – secondary taxation on companies (deferred) 29 6 Net profit after taxation 645 348 Retained income brought forward 249 61 894 409 Distribution to shareholders 415 160 Retained income carried forward 479 249 2004 2003 Note Rm Rm Balance sheet Assets Investment in JDG Trading (Pty) Ltd – shares at cost 55 55 – forward subscription of shares 1 819 718 Loan to JDG Trading (Pty) Ltd 2 1 242 1 048 Interest in subsidiary company – JDG Trading (Pty) Ltd 2 116 1 821 Investment – unlisted 3 446 – Deferred taxation – STC credit 14 – Share incentive trusts 66 12 Bank balances 36 307 2 678 2 140 Equity and liabilities Share capital and premium 1 903 1 778 Retained income 479 249 Shareholders for dividend 258 113 Shareholders’ equity 2 640 2 140 Other net liabilities 38 – 2 678 2 140 Notes 1. Investments with a guaranteed maturity valuation are written up over the life of the investment to the guaranteed value. This forward subscription will be settled by the issue of shares in JDG Trading (Pty) Ltd to the value of R1 036 million on 29 June 2006. 2 The loan to JDG Trading (Pty) Ltd is interest free with no fixed date of repayment. 3. The directors’ valuation represents the fair value as stated.
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 and 10:
Abra Barnetts Bradlows Electric Exp
Page 11 and 12:
By 1986 trains can travel faster th
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
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 and 120: Corporate Group 2004 2003 2004 2003
Page 121: Salient features of The JD Group Em
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
show all

Annual Report - JD Group

Create successful ePaper yourself

Delete template?

Save as template?