Brainworks_Capital_Management_2012_Annual_Report

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2 CONTENTS BRAINWORKS CAPITAL MANAGEMENT (PRIVATE) LIMITED ANNUAL REPORT 2012
3 CONTENTS LETTER TO SHAREHOLDERS 0 14 DIRECTORATE 16 2012 FINANCIAL STATEMENTS 22 INDEPENDENT AUDITOR'S REPORT 23 STATEMENT OF FINANCIAL POSITION 24 STATEMENT OF COMPREHENSIVE INCOME 25 STATEMENT OF CASH FLOWS 26 STATEMENT OF CHANGES IN EQUITY 27 NOTES TO THE FINANCIAL STATEMENTS 28 BRAINWORKS CAPITAL MANAGEMENT (PRIVATE) LIMITED 2012 ANNUAL REPORT
Page 1 and 2: A PRIVATE EQUITY INVESTMENT AND ADV
Page 3: 1 VALUES STATEMENT We abide by the
Page 7 and 8: 5 LETTER TO SHAREHOLDERS DEAR SHARE
Page 9 and 10: 7 LETTER TO SHAREHOLDERS Despite th
Page 11 and 12: 9 LETTER TO SHAREHOLDERS CONSUMER F
Page 13 and 14: 11 LETTER TO SHAREHOLDERS Investee
Page 15 and 16: 13 LETTER TO SHAREHOLDERS SHAREHOLD
Page 17 and 18: 15 LETTER TO SHAREHOLDERS OUTLOOK W
Page 19 and 20: 17 DIRECTORATE RICHARD MUIRIMI ZIMB
Page 21 and 22: 19 DIRECTORATE VULINDLELA NDLOVU ZI
Page 23 and 24: 21 DIRECTORATE The Directors recogn
Page 25 and 26: 2012 FINANCIAL STATEMENTS INDEPENDE
Page 27 and 28: 2012 FINANCIAL STATEMENTS STATEMENT
Page 29 and 30: 2012 FINANCIAL STATEMENTS STATEMENT
Page 31 and 32: 2012 FINANCIAL STATEMENTS NOTES TO
Page 51 and 52: BRAINWORKS CAPITAL MANAGEMENT (PRIV

Brainworks_Capital_Management_2012_Annual_Report

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