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SUN INTERNATIONAL ANNUAL REPORT ’10 We will achieve our mission through a dedicated and passionate team who are: STRATEGIC FOCUS Sun International’s strategy is best described regionally as follows: 16 In South Africa we will protect what we have and pursue opportunities in both gaming and resorts. The GrandWest exclusivity and development of the Wild Coast Sun and Boardwalk are key strategic focus areas. In West Africa we will develop our business in Nigeria and pursue opportunities in various countries using the model of a casino combined with a hotel in or close to a major city. In East Africa, including the Indian Ocean Islands, we will pursue resort opportunities. For the rest of the world we will consolidate our position in Chile and explore casino opportunities most likely in emerging gaming markets and in particular South America. CHAIRMAN’S REPORT CONTINUED Obsessed with superior standards and guest experiences Focused on continuous improvement and cost control Mutually trusting and respectful of each other and all stakeholders Adhering to the highest level of integrity and honesty Mindful of protecting the environment PROSPECTS FOR 2011 Although trading conditions are stabilising, it is anticipated that demand in the gaming and hospitality industries will remain weak in the year ahead. Notwithstanding this, some growth in revenue is expected from existing operations in addition to greater contributions from Monticello and the Federal Palace. Accordingly, the group expects growth in adjusted headline earnings per share. The outlook has not been reviewed or reported on by the company’s auditors. DIRECTORATE Federal Palace I welcome Zarina Bassa and Tumi Makgabo-Fiskerstrand as independent non-executive directors and look forward to the contributions that they will bring to the board.
Morula APPRECIATION On behalf of the board, I express our gratitude to our customers, employees, shareholders, suppliers, business partners and other stakeholders for their on-going support and belief in the sustainability of the Sun International group. Sun International’s people have contributed significantly to our ability to retain our market leadership position in the gaming and leisure sector in this difficult period in our history. Our people are committed to service excellence and have demonstrated a strong work ethic and endurance – I thank them for their significant contribution. I am confident that we will continue to grow the business and that our people will ensure our future success. Finally, I would like to thank my board colleagues for their encouragement and wise counsel during these challenging times and I look forward to their continued support. Monticello CHAIRMAN’S REPORT continued 17
Page 1 and 2: ANNUAL REPORT 2010
Page 3 and 4: ABOUT THE INTEGRATED REPORT This re
Page 5 and 6: Carnival City AFRISUN GAUTENG 85% 8
Page 7 and 8: Monticello
Page 9 and 10: KEY STRATEGIC IMPERATIVES 3. OUR CU
Page 11 and 12: Energy management Communities Publi
Page 13 and 14: Non-Executive Directors MP (MIKE) E
Page 15 and 16: KH (Kele) Mazwai (41) / GROUP HUMAN
Page 17: INTRODUCTION This past year has onc
Page 21 and 22: AT A GLANCE FINANCIAL HIGHLIGHTS Wi
Page 23 and 24: TRADING AND GROUP OPERATING PERFORM
Page 25 and 26: Operational overview - Casinos and
Page 27 and 28: GrandWest JOINT REPORT OF THE CHIEF
Page 29 and 30: Gaming taxes by province and countr
Page 31 and 32: DIVIDENDS 1. SHAREHOLDER DELIVERY T
Page 33 and 34: JOINT REPORT OF THE CHIEF EXECUTIVE
Page 35 and 36: The Royal Livingstone 33
Page 37 and 38: AT A GLANCE 2. PROTECT OUR BUSINESS
Page 39 and 40: By the end of February, the number
Page 41 and 42: WILD COAST SUN The local community
Page 43 and 44: Our market share South Africa Gamin
Page 45 and 46: We estimate that the group’s shar
Page 47 and 48: Carnival City 45
Page 49 and 50: OUR OBJECTIVES IN THIS SECTION: JOI
Page 51 and 52: FEEDBACK ON THE CM INITIATIVES/PROJ
Page 53 and 54: 51 51
Page 55 and 56: AT A GLANCE WHAT WE ACHIEVED Final
Page 57 and 58: CAPITAL COMMITMENTS Capital commitm
Page 59 and 60: AT A GLANCE JOINT REPORT OF THE CHI
Page 61 and 62: CONCESSIONAIRES Our concessionaires
Page 63 and 64: AT A GLANCE IN THIS SECTION: JOINT
Page 65 and 66: In line with global trends for lead
Page 67 and 68: 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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Occupational hygiene and legionella
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OUR OBJECTIVES JOINT REPORT OF THE
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The table below sets out the direct
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MANAGEMENT JOINT REPORT OF THE CHIE
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JOINT REPORT OF THE CHIEF EXECUTIVE
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GOLDEN VALLEY CASINO & LODGE’S EN
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INCIDENTS JOINT REPORT OF THE CHIEF
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Efforts to establish the Nedbank Go
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Our property ratings Rm 2010 2009 2
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JOINT REPORT OF THE CHIEF EXECUTIVE
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AT A GLANCE JOINT REPORT OF THE CHI
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SHAWCO - This student-run NGO at th
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REGULATORY COMPLIANCE The South Afr
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OUR COMMITMENT CORPORATE GOVERNANCE
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Principle Action Outcome Independen
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The group’s governance is facilit
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The chief executive is mandated and
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Board meetings A minimum of four bo
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The audit committee is primarily re
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The committee has adopted a written
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The key risks that are identified,
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Internal control The board of direc
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The group has continued to actively
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Group 2010 2009 2008 2007 2006 2005
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Group statistics 2010 2009 2008 200
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Types of shareholders at 30 June 20
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principles of inclusivity, material
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The board and the remuneration comm
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Prior to the commencement of the re
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the travel and leisure sector that
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Share plan Date of grant Grant pric
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Emoluments Executive directors’ r
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for the year ended 30 June NOTES TO
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The annual financial statements whi
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TO THE MEMBERS OF SUN INTERNATIONAL
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HOLDING COMPANY The company has no
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which the entity operates (the func
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elating to certain firm commitments
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expenditure represents the total co
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government and other government rel
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GROUP STATEMENTS OF FINANCIAL POSIT
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Notes GROUP STATEMENTS OF CHANGES I
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for the year ended 30 June Operatin
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14. PROPERTY, PLANT AND EQUIPMENT (
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15. INTANGIBLE ASSETS (continued) S
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for the year ended 30 June 18. RETI
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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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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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