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SUN INTERNATIONAL ANNUAL REPORT ’10 To the Board and stakeholders of Sun International: SustainabilityServices.co.za (SS) was commissioned by Sun International to provide independent third party assurance (ITPA) over the sustainability content within the 2010 annual report (the report covering the period 1 July 2009 to 30 June 2010). The assurance team comprised primarily of Michael H. Rea, our principal sustainability assurance practitioner, with 11 years’ experience in environmental and social performance measurement, including sustainability reporting and assurance. AccountAbility AA1000S (revised, 2008) To the best of our ability and significant experience in sustainability report assurance, this engagement has been managed in accordance with AccountAbility’s AA1000AS (2008) assurance standard, where the format of the engagement was structured to meet the AA1000AS Type I (Moderate) requirements. Independence SS was not responsible for the preparation of any part of the report and has not undertaken any prior commissions for Sun International. Responsibility for producing this report was the responsibility of Sun International. Thus SS is, and remains, an independent assurer over the content and processes pertaining to this report. Assurance Objectives The objective of the assurance process was to provide Sun International’s stakeholders an independent ‘moderate level assurance’ opinion on whether the sustainability content within the 2010 annual report, in its printed format, meets the AA1000AS (2008) principles of inclusivity, materiality and responsiveness, as well as to assess the degree to which the Report has met the Global Reporting Initiative (GRI) G3 guidelines Application Level C reporting requirements. Assurance Approach and Limitations The process used in arriving at this assurance statement is based on AccountAbility’s AA1000AS (2008) guidance, the GRI’s G3 Application Level requirements, as well as other best practices in sustainability reporting assurance. Our approach to assurance included the following: � Interviews with key personnel responsible for stakeholder engagement, as well as sustainability measurement and reporting procedures at Sun International’s head office to determine the context and content of sustainability management by the company; � A review of the key institutional documentation (e.g., board and committee terms of reference, minutes of board and committee meetings), to assess the validity of reported assertions regarding adherence to the AccountAbility principles under review; � A review of information and/or data collection, collation and reporting procedures undertaken by Sun International, to define the content of the report by looking at materiality of issues included in the report, 124 INDEPENDENT ASSURANCE STATEMENT stakeholder engagement responses to issues identified, determination of sustainability context and coverage of material issues; � A review of drafts of the report to assess whether content and/ or reporting approach was in line with reasonable expectations for adherence to standard principles of balance (i.e., neutrality), completeness, and comparability. � A review of the information and/or data collection, collation and reporting procedures undertaken by Sun International, to define and assess the company’s determination of the sustainability context and coverage of material issues included within the report; � A review of drafts of the report for any significant errors and/or anomalies; and, � A confirmation that the requisite number of GRI G3 indicators had been covered in the Report, to the point of meeting Application Level C requirements. As a Type 1 assurance engagement, the process was limited to the content and assertions made within the Sun International’s printed report for the period under review, and did not extend to a comprehensive analysis of the accuracy, reliability, completeness and/or consistency of the data presented therein. Rather, sustainability data presented within the report was subjected to a series of reasonability tests during final proof editing. The process was further limited to reviewing policies and procedures for stakeholder engagement, and did not extend to the physical engagement of any stakeholders to arrive at our assurance opinion. Findings Based on our review of the report, as well as the processes employed to collect and collate information reported therein, it is our assertion that: � Sun International adequately adheres to the Accountability AA1000APS principles of inclusivity, materiality and responsiveness, although room for improvement exists with respect to the formalisation of systems deployed to manage stakeholder engagement (i.e., ‘inclusivity’), as well as the uptake of stakeholder-specific concerns to effect change and/or inform reporting back to key stakeholders (i.e., ‘responsiveness’). � The Report adequately meets the GRI G3’s requirements for Application Level C (responses to all of the required profile indicators, as well as no fewer than 10 Core indicators, with at least one from each of Economic, Environment, and Society). However, it should be noted that the reporting of performance against some GRI G3 indicators continues to require either data quality improvements, or further detail in disclosure. Conclusions and Recommendations Based on the information reviewed, SustainabilityServices.co.za is confident that this report provides a reasonable account of Sun International’s sustainability performance for the period under review. The data presented is based on processes that require further improvement, but we are satisfied that the reported performance information represents Sun International’s current sustainability performance, while meeting the AA1000AS (2008)
principles of inclusivity, materiality and responsiveness. Moreover, and although the quality or quantity of data of some GRI G3 indicators can be improved, this Report meets the GRI’s G3 requirements for Application Level C (C+ with this assurance engagement). However, the following recommendations have been identified: � With respect to adherence to AccountAbility’s AA1000APS principle of inclusivity, Sun International should ensure that stakeholder engagement continues to progress towards the active inclusion of all significant stakeholders, and that a regular review of stakeholders tests for completeness and relevance. Moreover, Sun International should ensure that proactive engagement of stakeholders occurs to confirm or refute the company’s assumptions regarding the materiality of key sustainability issues. � With respect to the reporting of quantitative data, Sun International should ensure that the reporting process employed in future years allows for adequate time to collect, collate, analyse and report on data in a manner that affords the reader an opportunity to compare and contrast the year under reviews performance either with previous Sun International reports, or with peer companies. � Having addressed the requirements of GRI G3 Application Level C, it is our recommendation that Sun International review the process followed in compiling the report and, while making further improvements on the quality of data required for Application Level C, begin addressing the requirements of Application Level B. SustainabilityServices.co.za 22 October 2010 Johannesburg 125
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ANNUAL REPORT 2010
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ABOUT THE INTEGRATED REPORT This re
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Carnival City AFRISUN GAUTENG 85% 8
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Monticello
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KEY STRATEGIC IMPERATIVES 3. OUR CU
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Energy management Communities Publi
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Non-Executive Directors MP (MIKE) E
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KH (Kele) Mazwai (41) / GROUP HUMAN
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INTRODUCTION This past year has onc
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Morula APPRECIATION On behalf of th
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AT A GLANCE FINANCIAL HIGHLIGHTS Wi
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TRADING AND GROUP OPERATING PERFORM
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Operational overview - Casinos and
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GrandWest JOINT REPORT OF THE CHIEF
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Gaming taxes by province and countr
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DIVIDENDS 1. SHAREHOLDER DELIVERY T
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JOINT REPORT OF THE CHIEF EXECUTIVE
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The Royal Livingstone 33
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AT A GLANCE 2. PROTECT OUR BUSINESS
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By the end of February, the number
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WILD COAST SUN The local community
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Our market share South Africa Gamin
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We estimate that the group’s shar
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Carnival City 45
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OUR OBJECTIVES IN THIS SECTION: JOI
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FEEDBACK ON THE CM INITIATIVES/PROJ
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51 51
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AT A GLANCE WHAT WE ACHIEVED Final
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CAPITAL COMMITMENTS Capital commitm
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AT A GLANCE JOINT REPORT OF THE CHI
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CONCESSIONAIRES Our concessionaires
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AT A GLANCE IN THIS SECTION: JOINT
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In line with global trends for lead
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JOINT REPORT OF THE CHIEF EXECUTIVE
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Beneficiaries of training 2010 Bene
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Training investment model JOINT REP
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JOB PROFILING Also forming part of
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Page 79 and 80: The table below sets out the direct
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Page 85 and 86: GOLDEN VALLEY CASINO & LODGE’S EN
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Page 91 and 92: Our property ratings Rm 2010 2009 2
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Page 99 and 100: REGULATORY COMPLIANCE The South Afr
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Page 117 and 118: Internal control The board of direc
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Page 121 and 122: Group 2010 2009 2008 2007 2006 2005
Page 123 and 124: Group statistics 2010 2009 2008 200
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Page 139 and 140: for the year ended 30 June NOTES TO
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Page 155 and 156: GROUP STATEMENTS OF FINANCIAL POSIT
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for the year ended 30 June NOTES TO
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for the year ended 30 June 27. PROV
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for the year ended 30 June 28. CASH
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for the year ended 30 June NOTES TO
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29. FINANCIAL INSTRUMENTS (continue
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32. RELATED PARTY TRANSACTIONS Key
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32. RELATED PARTY TRANSACTIONS (con
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NOTES TO THE GROUP FINANCIAL STATEM
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COMPANY STATEMENTS OF FINANCIAL POS
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COMPANY STATEMENTS OF CHANGES IN EQ
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NOTES TO THE COMPANY FINANCIAL STAT
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Notice is hereby given that the twe
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Litigation statement The directors
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SUN INTERNATIONAL LIMITED (Incorpor
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SUN INTERNATIONAL LIMITED Incorpora
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