Scope and boundary
This report covers the activities of the Imperial group for the 12 months to 30 June 2012. The abridged financial statements on pages 88 to
121 are an extract of the audited annual financial statements.
The complete audited annual financial statements, which comply with International Financial Reporting Standards (IFRS) and the Companies
Act, No 88 of 2008, are available on www.imperial.co.za and the compact disc in this report.
A separate sustainability report has been prepared using the guidelines of the Global Reporting Initiative (GRI G3) and is available online at
www.imperial.co.za and on the compact disc in this report. Certain key aspects of the sustainability report have been integrated into this
This year Imperial has produced its second integrated report in its endeavour to integrate the financial and non-financial aspects of its
reporting for a more comprehensive understanding by all stakeholders, in line with the recommendations of King III. In response to stakeholder
feedback, divisional disclosures are intended to give readers a better understanding of each of these businesses in their respective markets
and a basis to measure progress against stated objectives.
This integrated annual report gives stakeholders details of:
- highlights and key data;
- an overview of the Imperial group;
- the chairman’s and management’s review of governance and performance for the 2012 financial year;
- risks and opportunities facing the Imperial group;
- strategic objectives;
- remuneration and employment equity aspects; and
- abridged financial statements.
The directors are responsible for the content of this report and although all reasonable steps have been taken to ensure its accuracy, they can
only provide reasonable assurance that reporting systems are accurate. During the year, the group further enhanced systems to monitor the
accuracy, completeness and reliability of financial, operational, safety, health and environmental management information. We will continue to
refine and improve these processes over time.