Annual Report - JD Group

Subsidiary companies
Details of the Company’s subsidiaries are set out on page 64.
The Company’s interest in the aggregate profits and losses after
taxation of subsidiaries are as follows:
2004 2003
Rm Rm
Profits 916 496
Losses 246 130
Distribution to shareholders
A final dividend of 150 cents (2003: 68 cents) per share was
proposed and an interim dividend of 90 cents (2003: 42 cents)
per share was declared and paid to shareholders.
Management of business by a company
The Company is managed in terms of an agreement with Sustein
Management (Pty) Ltd, a company owned and controlled directly
and indirectly by the executive directors of the Company and
four directors of JDG Trading (Pty) Ltd.
Directors
JHC Kok was appointed as a director on 1 March 2004.
In terms of the articles of association, IS Levy, M Lock, MJ Shaw
and JHC Kok retire at the forthcoming annual general meeting
and, being eligible, offer themselves for re-election.
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The aggregate beneficial interest of directors in the issued share
capital and options of the Company is as follows:
Number of shares
2004 2003
Direct 7 081 852 3 930 000
Indirect 757 812 2 439 812
Total 7 839 664 6 369 812
There are no non-beneficial interests.
Mr ID Sussman is the only director who directly and indirectly has
more than a 1% interest in the share capital.
There has been no material change in the interests recorded above
since the year end date.
Significant shareholders
Details of significant shareholders are included on page 66.
Special resolutions
No special resolutions were passed during the year under review.
Subsequent events
Subsequent to the financial year end the Group placed the
balance of the BoConcept business into voluntary liquidation,
terminated the Alliance with Nedcor and acquired a stake in Blake
& Associates Holdings (Pty) Ltd. These three events are addressed
in more detail in note 26.