WELCOME TO OUR ONLINE ANNUAL REPORT 2011
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MASSMART AT A GLANCE
REPORTS TO STAKEHOLDERS
Chairman's letter to stakeholders
Chief Executive Officer's review
Chief Financial Officer's review
TEN-YEAR REVIEW
Definitions and formulas
Massmart since 1990
Ten-year review
OPERATIONAL REVIEW
Massdiscounters divisional review
Masswarehouse divisional review
Massbuild divisional review
Masscash divisional review
Channel and Shared Services review
CORPORATE ACCOUNTABILITY
Introduction
Engaging with stakeholders
Defining sustainability priorities
Stakeholder engagement feedback
Massmart's progress update
Massmart's accountability by the numbers
Additional readings
CORPORATE GOVERNANCE
Corporate governance
The Board
Executive Committee
Social and Ethics Committee
Audit and Risk Committee
Risk
Remuneration of directors and executives
Compliance, transparency and accountability
Investor relations
King III question and answer
ANNUAL FINANCIAL STATEMENTS
Approval of the annual financial statements
Directors' report
Group income statement
Group statement of comprehensive income
Group statement of financial position
Group statement of cash flows
Group statement of changes in equity
Group notes to the annual financial statements
Company income statement
Company statement of comprehensive income
Company statement of financial position
Company statement of cash flows
Company statement of changes in equity
Company notes to the annual financial statements
SHAREHOLDER INFORMATION
Notice of annual general meeting
Form of proxy
MASSMART AT A GLANCE
Financial highlights
Our business model
Our vision and mission
Our investment proposition
Corporate accountability synopsis
Our shares and shareholder information
Group profile
Store regional map
Executive Directors
Non-executive Directors
Executive Committee
Financial highlights
* excluding effect of
Transaction costs
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TEN-YEAR REVIEW
GROUP FINANCIAL STATEMENTS
More detail on definitions and explanatory notes can be found
here
More detail on headline earnings per share can be found in
note 12
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