Downloads

›	Download Annual Report [PDF - 1MB]
›	Section downloads of booklet
›	Excel downloads

Financials

›	Balance sheets
›	Income statements
›	Statement of changes in equity
›	Cash flow statements
›	Segment report
›	Notes to the financial statements
›	Annexure A

Group achievements

Diluted core headline earnings per share up by 19%
Final dividend declared of 160 cents per share
Normalised operating profit up by 28%
Cash conversion ratio 81%
EBITDA margin up to 6,7%
Debtors at 35 days

Ranked SA’s top empowered company listed on the JSE in terms of the Financial Mail’s Top Empowerment Companies Survey rated by Empowerdex for 2008 and 2009.

What shareholders can expect

•	Total transparency in the conduct of the affairs of the business
•	Sound corporate governance

Chairman’s report

“The Adcorp Group views its role as more critical than ever in terms of introducing new entrants into the formal job market as well as in terms of the significant role it plays in skills development”.

Chief Executive’s report

“Despite tougher overall trading conditions, the Adcorp Group once again produced a solid financial performance for the year ended 28 February 2009”.