Tiger Brands Integrated Annual Report 2014

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ABOUT THIS REPORT
02 Tiger Brands Limited Integrated Annual Report 2014
The report is further based on principles and
guidance from the GRI and the relevant Sector
Supplement (collectively the GRI G3.1
Guidelines) and is compiled based on a
self-declared Application Level C.
Supplementary information
This report represents one of two elements of
Tiger Brands’ communication strategy with
stakeholders for the 2014 financial year. In
addition the sustainability report, which forms
part of this Integrated Annual Report, contains
additional non-financial disclosures referencing
GRI and the requirements of the JSE SRI Index.
Forward looking statements
This Integrated Annual Report contains forward
looking statements that, unless otherwise
indicated, reflect the company’s expectations
as at 30 September 2014. Actual results may
differ materially from the company’s expectations
if known and unknown risks or uncertainties
affect the business, or if estimates or assumptions
prove to be inaccurate. The company cannot
guarantee that any forward looking statement
will materialise and, accordingly, readers are
cautioned not to place undue reliance on these
forward looking statements. The company
disclaims any intention and assumes no
obligation to update or revise any forward
looking statement even if new information
becomes available as a result of future events or
for any other reason, save as required to do so
by legislation and/or regulation.
Responsibility statement and review
The audit committee and the board acknowledge
their responsibility to ensure the integrity of this
Integrated Annual Report. The report has been
reviewed by the audit committee and the board.
The annual financial statements included in this
Integrated Annual Report have been audited by
the external auditors.
For further information, please contact the
group Company Secretary, Ian Isdale:
T: +27 (0)11 840 4350
E:
Scope of this report
In line with the requirements of King III, this
Integrated Annual Report provides a consolidated
view of the group’s financial, social, economic
and environmental performance for the year
ended 30 September 2014, and follows the
prior year Integrated Annual Report published
in December 2013.
There was no change to the boundary or any
measurement techniques. Restatements during
the year are outlined within note 42 on
page 238.
There were no significant changes in size,
structure or ownership of the group during
the year.
This Integrated Annual Report 2014 aims to
provide stakeholders with an understanding of the
group’s business, prospects and strategy and an
appreciation of the overall environment in which
the group operates. The report covers the
operations of Tiger Brands Limited and its
subsidiary and associate companies for the
year ended 30 September 2014.
Basis of preparation
The annual financial statements have been
prepared in accordance with International
Financial Reporting Standards (IFRS) and the
South African Companies Act. In reporting on
the non-financial aspects of its performance, the
group has been guided by the King III report and
the Listings Requirements of the JSE Limited. Tiger
Brands has also considered and applied many
of the recommendations contained in the
International Integrated Reporting Framework
issued in December 2013.
In addition, the Integrated Annual Report 2014
has been informed by various standards and
codes that govern specific areas, including the
Department of Trade and Industry’s Broad-Based
Black Economic Empowerment (B-BBEE) Codes of
Good Practice.
The company has applied the key principles in
the King III report. An explanation is provided
where any material non-adherence has occurred.