omnia holdings annual report 2010 omnia holdings annu

More documents

Recommendations

Info

64 OMNIA ANNUAL REPORT 2010 SUSTAINABILITY REPORT continued Audits The number of external and internal SHE audits steadily increased over the reporting period – an indication of greater participation in the IMS implemented and our commitment to continual improvement. Divisions schedule their own internal or external audits, with assistance from internal SHE resources as well as Group SHE for second-party audits. Other SHE initiatives during F2010 include: � Routine medical surveillance tests continued according to schedule on all sites. � A water spraying system has been installed on the bulk ammonia storage facility at our liquid fertilizer production plant at Wesselsbron. � The construction of a new enclosed chlorine storage facility for the bulk storage of chlorine gas cylinders at Protea Chemicals Cape Killarney Gardens site has been completed. The commissioning of this facility will significantly reduce the risks associated with the storage of chlorine cylinders at the site. � Upgrade of acid repacking areas has been initiated. A number of containment measures have been installed, for example, additional bunds/channels in solvents areas and warehouses. � In terms of energy conservation, a co-generation project which involves the installation of a 1 920 kW Turbo- Generator was successfully commissioned at the Omnia Fertilizer factory in Sasolburg. The implementation of this project will result in a direct electricity saving of about 10% at the Sasolburg site. Legal compliance Several initiatives to improve compliance with safety, health and environmental legislation at all divisions of the Omnia Group have been introduced during the period under review. Important initiatives implemented to improve the legal compliance of all facilities within the Group can be summarised as follows: � Omnia, through CAIA and Business Unity South Africa (BUSA), participated in various initiatives to assist with the formulation of: – The National Waste Act – Minimum emissions standards for point sources – Contaminated land in terms of the National Waste Act – A new national waste minimisation strategy – The new National Transport Act – NEMAQA-listed activities – EIA processes in terms of the National Waste Act – Air priority working groups – SANS standards relating to MHI, electrical issues, tanks standards and pressure vessels. � A project to evaluate legal compliance with the conditions of all applicable legal requirements, including authorisations and permits, was launched by the Group Engineering Projects and Services Department. Two audits in the Fertilizer division, four at the Protea Division, one at BME and three EIA environmental authorisations have been conducted. � Legal compliance assessments at our international sites are in process. A project plan, which sees all our international sites being evaluated over a three-year period, has been approved. As part of these assessments, contract management will also be included and compliance to local depots and warehouses will be extended beyond the current assessments. As part of our international compliance assessment, the current legal register will be extended to key international sites and smaller local sites. Public participation Attendance of the following environmental forums is ongoing: � Industry Forums – CAIA and Responsible Care ® workshops – Sasolburg Inter-company Response Meeting – NapCof – Institute of Safety Management � Environmental participation – Vaal Triangle Priority Area Air Meeting – Vaal Triangle Priority Area Air Technical Task Team – Leeu-Taaibosch Forum (and Technical Task Team), with one of our employees voted as chairperson for the LTF Forum – Sasolburg Rejuvenation Committee – Highveld Priority Area Air Quality Officer Forum and Multi-stakeholder Reference Group � Community Forums – Sasolburg Community Working Group – Local Security Forum
FINANCIAL STATEMENTS A responsible approach to business and corporate growth Contents Statement of responsibility by the Board of directors 66 Certificate by the company secretary 66 Report of the audit committee 67 Independent auditor’s report 68 Directors’ report 69 Directors’ shareholding 71 Group balance sheet 72 Group income statement 73 Group statement of comprehensive income 74 Group statement of changes in equity 75 OMNIA ANNUAL REPORT 2010 65 Group cash flow statement 76 Notes to the group financial statements 77 Subsidiaries, joint ventures and associates 121 Company balance sheet 122 Company income statement 123 Company statement of comprehensive income 123 Company statement of changes in equity 124 Company cash flow statement 125 Notes to the company financial statements 126
Page 1 and 2:
OMNIA HOLDINGS ANNUAL REPORT 2010
Page 3 and 4:
OMNIA’S MILESTONES 1976 1974 1972
Page 5 and 6:
FINANCIAL HIGHLIGHTS Audited 31 Mar
Page 7 and 8:
OUR VISION CREATING CUSTOMER WEALTH
Page 9 and 10:
OMNIA ANNUAL REPORT 2010 5 The diff
Page 11 and 12:
Participants were required to inves
Page 13 and 14:
Statistical information 31 March 20
Page 15 and 16:
The world today faces the compoundi
Page 17 and 18: OMNIA ANNUAL REPORT 2010 13 Omnia
Page 19 and 20: Rod Humphris (53) Executive directo
Page 21 and 22: OMNIA ANNUAL REPORT 2010 17 Notwith
Page 23 and 24: (2009: 1 107,4 cents), and headline
Page 25 and 26: the best agronomic advice in all as
Page 27 and 28: OMNIA ANNUAL REPORT 2010 23 The sou
Page 29 and 30: Within the Chemicals Division produ
Page 31 and 32: Overview of Chemicals Protea Chemic
Page 33 and 34: MINING DIVISION - REVIEW OPERATIONA
Page 35 and 36: of ore. The risks normally associat
Page 37 and 38: Financial performance As expected,
Page 39 and 40: About this report This sustainabili
Page 41 and 42: highly productive lands are also mo
Page 43 and 44: - Vaal Triangle Priority Area Air M
Page 45 and 46: Challenges and opportunities Our re
Page 47 and 48: Corporate governance This corporate
Page 49 and 50: Board committees While the Board re
Page 51 and 52: The Group has made great strides in
Page 53 and 54: concern assumption at the interim r
Page 55 and 56: implemented to introduce a technolo
Page 57 and 58: There has been a marked improvement
Page 59 and 60: Social performance Recognising our
Page 61 and 62: for new students of a Certificate i
Page 63 and 64: To entrench these commitments throu
Page 65 and 66: At Omnia Fertilizer, all incidents
Page 67: Water Use Licence Application (IWUL
Page 71 and 72: REPORT OF THE AUDIT COMMITTEE for t
Page 73 and 74: DIRECTORS’ REPORT The directors a
Page 75 and 76: DIRECTORS’ SHAREHOLDING as at 31
Page 77 and 78: GROUP INCOME STATEMENT for the year
Page 79 and 80: GROUP STATEMENT OF CHANGES IN EQUIT
Page 81 and 82: NOTES TO THE GROUP FINANCIAL STATEM
Page 83 and 84: IAS 39, only certain, rather than a
Page 85 and 86: 1.5 Cost of sales When inventories
Page 87 and 88: are presented in the income stateme
Page 89 and 90: fair value of plan assets, together
Page 91 and 92: 1.22 Financial risk management 1.22
Page 93 and 94: 2 PROPERTY, PLANT AND EQUIPMENT Fre
Page 95 and 96: 2 PROPERTY, PLANT AND EQUIPMENT con
Page 97 and 98: 4 AVAILABLE-FOR-SALE FINANCIAL ASSE
Page 99 and 100: 8 STATED CAPITAL continued Number o
Page 101 and 102: 13 INTEREST-BEARING BORROWINGS OMNI
Page 103 and 104: 15 PROVISIONS OMNIA ANNUAL REPORT 2
Page 105 and 106: 19 FINANCE EXPENSES OMNIA ANNUAL RE
Page 107 and 108: 21 EARNINGS PER SHARE AND DIVIDENDS
Page 109 and 110: 28 ACQUISITION OF BUSINESS OMNIA AN
Page 111 and 112: 29 FINANCIAL RISK MANAGEMENT contin
Page 113 and 114: 29 FINANCIAL RISK MANAGEMENT contin
Page 115 and 116: 30 RELATED PARTY TRANSACTIONS conti
Page 117 and 118: 32 RETIREMENT BENEFIT INFORMATION c
Page 119 and 120:
OMNIA ANNUAL REPORT 2010 115 33 CON
Page 121 and 122:
36 SHARE INCENTIVE SCHEME continued
Page 123 and 124:
36 SHARE INCENTIVE SCHEME continued
Page 125 and 126:
Country of incorporation Issued cap
Page 127 and 128:
COMPANY INCOME STATEMENT for the ye
Page 129 and 130:
COMPANY CASH FLOW STATEMENT for the
Page 131 and 132:
SUMMARY OF SHAREHOLDER SPREAD at 31
Page 133 and 134:
NOTICE TO SHAREHOLDERS for the year
Page 135 and 136:
FORM OF PROXY For use at the annual
Page 137 and 138:
ADMINISTRATION GROUP COMPANY SECRET
show all

omnia holdings annual report 2010 omnia holdings annu

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?