omnia holdings annual report 2010 omnia holdings annu

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2 OMNIA ANNUAL REPORT <strong>2010</strong> GROUP AT A GLANCE 1 Angola 2 Australia 3 Botswana 4 Brazil 5 Democratic Republic of Congo 6 Ethiopia 7 Kenya 8 Lesotho DIVISIONAL INFO Chemicals 4 Protea Chemicals is a well-established manufacturer and distributor of speciality, functional and effect chemicals and polymers, with a major presence in every sector of the broader chemical distribution market. Operating throughout South Africa and widely across the African continent, the company represents a large number of domestic and international principals, counting among its suppliers many of the world’s leading chemical producers. Mining Omnia offers a broad range of services to the mining industry through its Mining division which comprises BME and Protea Mining Chemicals. BME is a market leader in blended bulk explosives formulations for the open cast mining industry, produces mining accessories and shocktube initiation systems and manufactures packaged explosives for underground mining and specialised surface blasting operations. The company adds value to its products through its world-class blasting consultancy service which offers customers support and advice from industry experts and highly qualified mining engineers. Protea Mining Chemicals offers value added services to complement its wide range of chemical products. These include offerings such as Protea Process, a comprehensive service that covers the handling, logistics and on site formulation of chemicals for its customers. Agriculture 17 9 Madagascar 10 Malawi 11 Mali 12 Mauritania 13 Mauritius 14 Mozambique 15 Namibia 16 New Zealand 12 11 1 15 5 3 18 19 23 22 24 7 21 10 6 14 9 13 17 Senegal 18 South Africa 19 Sudan 20 Swaziland 21 Tanzania 22 Uganda 23 Zambia 24 Zimbabwe Omnia’s Agriculture division, the market leader in southern Africa, comprises Omnia Fertilizer and Omnia Specialities. The division produces granular, liquid and speciality fertilizers for a broad customer base of farmers, co-operatives and wholesalers throughout southern and East Africa, Australia, New Zealand and Brazil. The division is expanding its influence in Europe, South America and Asia, where it is increasing its sales of speciality products. The Omnia Agriculture division’s range of specialised products and services are encompassed by its unique Nutriology ® offering, which assists customers to optimise crop yield and quality. 2 Chemicals Mining Agriculture �� 16
OUR VISION CREATING CUSTOMER WEALTH BY LEVERAGING KNOWLEDGE OMNIA ANNUAL REPORT <strong>2010</strong> 3 Our business model, which leverages our intellectual capital and technology, differentiates us from com modity chemical companies. Through the application of our intellectual and technological capacity, we create value by developing differentiated products and services relevant to the specific and evolving needs of our customers. To grow our business, we continue to increase the value we offer our local and international customers through ongoing enhancement of our products, innova tive product development and our dedication to providing exceptional service backed by the specialised knowledge of our people. OUR VALUE PROPOSITION International strategy Balanced business leading to risk diversification and growing opportunities. Service through knowledge Differentiated products Commodities Value Add REVENUE OF R8,8 BILLION EMPLOYEES 2 668 CUSTOMERS +8 000 COUNTRIES 24
Page 1 and 2: OMNIA HOLDINGS ANNUAL REPORT 2010
Page 3 and 4: OMNIA’S MILESTONES 1976 1974 1972
Page 5: FINANCIAL HIGHLIGHTS Audited 31 Mar
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
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There has been a marked improvement
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Social performance Recognising our
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for new students of a Certificate i
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To entrench these commitments throu
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At Omnia Fertilizer, all incidents
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Water Use Licence Application (IWUL
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FINANCIAL STATEMENTS A responsible
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REPORT OF THE AUDIT COMMITTEE for t
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DIRECTORS’ REPORT The directors a
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DIRECTORS’ SHAREHOLDING as at 31
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GROUP INCOME STATEMENT for the year
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GROUP STATEMENT OF CHANGES IN EQUIT
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NOTES TO THE GROUP FINANCIAL STATEM
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IAS 39, only certain, rather than a
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1.5 Cost of sales When inventories
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are presented in the income stateme
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fair value of plan assets, together
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1.22 Financial risk management 1.22
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2 PROPERTY, PLANT AND EQUIPMENT Fre
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2 PROPERTY, PLANT AND EQUIPMENT con
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4 AVAILABLE-FOR-SALE FINANCIAL ASSE
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8 STATED CAPITAL continued Number o
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13 INTEREST-BEARING BORROWINGS OMNI
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15 PROVISIONS OMNIA ANNUAL REPORT 2
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19 FINANCE EXPENSES OMNIA ANNUAL RE
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21 EARNINGS PER SHARE AND DIVIDENDS
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28 ACQUISITION OF BUSINESS OMNIA AN
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29 FINANCIAL RISK MANAGEMENT contin
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29 FINANCIAL RISK MANAGEMENT contin
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30 RELATED PARTY TRANSACTIONS conti
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32 RETIREMENT BENEFIT INFORMATION c
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OMNIA ANNUAL REPORT 2010 115 33 CON
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36 SHARE INCENTIVE SCHEME continued
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36 SHARE INCENTIVE SCHEME continued
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Country of incorporation Issued cap
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COMPANY INCOME STATEMENT for the ye
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COMPANY CASH FLOW STATEMENT for the
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SUMMARY OF SHAREHOLDER SPREAD at 31
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NOTICE TO SHAREHOLDERS for the year
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FORM OF PROXY For use at the annual
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ADMINISTRATION GROUP COMPANY SECRET
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