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CONTENTS
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AIRTIME
1
Nature of business
4
Approach and reporting framework
5
Key facts
6
Business illustrated
8
Vision, mission and values
9
Financial highlights
10
Financial history
12
Operating structure
12
Strategic objectives
13
Three income streams
14
Material impacts and risks
19
Business ethics
Leadership
20
Board of Directors
26
Senior Management
28
Chairman’s report
32
Conversation with Joint Chief Executive Officers
Governance
38
Governance framework
45
King III summary
49
Governance of risk
51
Compliance report
52
Stakeholder relations
62
Remuneration report
67
Audit, Risk and Compliance Committee report
71
Social, Ethics and Transformation Committee
report
Business model
and strategic objectives
Operating performance
72
Operational overview
83
Value added statement
84
Social practices
88
Human capital
90
Health and safety responsibility and practices
91
Assurance report
Financial performance
94
Financial Director’s report
104
Prominent notice
105
Statement of directors’ responsibility
105
Approval of the nancial statements
106
Declaration of Company Secretary
107
Directors’ report
111
Independent auditors’ report
112
Group statement of nancial position
113
Group statement of comprehensive income
114
Group statement of changes in equity
116
Group statement of cash ows
117
Notes to the Group annual nancial statements
224
Company statement of nancial position
225
Company statement of comprehensive income
226
Company statement of changes in equity
228
Company statement of cash ows
229
Notes to the Company annual nancial
statements
Shareholders’ information
and administration
256
Notice of Annual General Meeting and proxy
270
Glossary
IBC
Administration