For Your company use the following tabs to address the required in section B
Use the company that you have selected to complete the following :
1) Company Information Company Information'!A1
2) Corporate Governance Information Corporate Govenance Information'!A1
3) King IV Disclosures King IV Disclosures'!A1
Instructions
For your company, you are required to fill in all information below. Some items below have dropdown list to assist you
To answer these questions please ensure to use the information provided in Part C <Trial Balance and Other Informati
to Trial Balance>
Company Information
Name of company Glimmer Jewellery pty ltd
Year of financial statements 2018
Financial Year End eg 31 March 2010 28-Feb
Currency in which financial have been prepared South African Rand (ZAR)
Level of rounding eg Thousands is indicated by ('000) (m) Millions ('000 000)
Where is the company's primary listing? Johannesburg Stock Exchange (JSE)
Does the company prepare an integrated report Yes
Does the company prepare a sustainability report Yes
List of your companies explicitly identified stakeholders:
Stakeholder 1 Shareholders
Stakeholder 2 Regulator
Stakeholder 3 Creditors
Stakeholder 4 Employees
Stakeholder 5 Trade Unions
Stakeholder 6 Tax Authority
Stakeholder 7 Environmental groups
Stakeholder 8
Stakeholder 9
Stakeholder 10
Stakeholder 11
Stakeholder 12
Stakeholder 13
Stakeholder 14
Stakeholder 15
Instruction: Type amounts as they appear in your financial statements
Current Year (m) Millions ('000 000)
Statement of financial position
Total Non-current assets 85
Total Non-current Liabilities 40
Total Current Assets 55
Total current Liabilities 25
Total Equity 75
Statement of comprehensive income Current Year (m) Millions ('000 000)
Total revenue 160
Profit before tax 30
Current tax expense 6
Deferred Tax expense 1
Total tax expense 7
Earnings per share (In rands and cents, eg: 1.2) 1.2
Headline Earnings per share (In rands and cents, eg: 1.2) 1.1
Statement of Cash flows
Total Cash flows from: Current Year (m) Millions ('000 000)
Operating Activities 25
Financing Activities 5
Investing Activities 15
w have dropdown list to assist you in the completion of this task.
<Trial Balance and Other Information for the preparation of Financial Statements
nge (JSE)
Comparative Year (m) Millions ('000 000)
70
35
50
20
65
Comparative Year (m) Millions ('000 000)
145
25
5
1
6
1
0.95
Comparative Year (m) Millions ('000 000)
20
3
10
Instructions
For your company,you are required to fill in all information below create your board composition. See example in row 8
example a CEO can not be independent so such things are important to appreciate. The items below have dropdown lis
Level First Name
Example Luthando
Board of directors Khumo
Board of directors Naledi
Board of directors Paballo
Board of directors Tlhokomelo
Board of directors Khali
Board of directors Mpho
Board of directors Puseletso
Board of directors Insert First name of Director 20
Board of directors Insert First name of Director 21
Board of directors Insert First name of Director 22
Board of directors Insert First name of Director 23
Board of directors Insert First name of Director 24
Board of directors Insert First name of Director 25
Board of directors Insert First name of Director 26
Board of directors Insert First name of Director 27
Board of directors Insert First name of Director 28
Board of directors Insert First name of Director 29
Board of directors Insert First name of Director 30
create your board composition. See example in row 8, Please ensure that you read and understand KingIV board composition, for
nt to appreciate. The items below have dropdown list to assist you in the completion of this task.
Surname Area of expertise If "Other" explain
Jali Accounting and Finance Yes
Insert Surname of Director 13 Other Business Management
Insert Surname of Director 14 Accounting and Finance
Insert Surname of Director 15 Arts and Humanities
Insert Surname of Director 16 Legal
Insert Surname of Director 17 Other Risk management
Insert Surname of Director 18 Arts and Humanities
Insert Surname of Director 19 Arts and Humanities
Insert Surname of Director 20
Insert Surname of Director 21
Insert Surname of Director 22
Insert Surname of Director 23
Insert Surname of Director 24
Insert Surname of Director 25
Insert Surname of Director 26
Insert Surname of Director 27
Insert Surname of Director 28
Insert Surname of Director 29
Insert Surname of Director 30
derstand KingIV board composition, for
is task.
"Other Explanation" Completed? Age Number of years on Board Gender Race
Sustainability Reporting expert 27 10 Male Black
Yes 40
35
Yes
Function on Member of
Number of
Executive or Non-Executive Independent? board of audit
meeting attended
directors committee
Executive No 10 CEO No
Function on Function on Nomination Member of Function on
Member of Nomination and
audit and appointment Remuneration Remuneration
appointment committee
committee committee committee committee
Observer Yes Member
Member of social Function on social Member of Function on Member of
and Ethics and Ethics Transformation Transformation Environmental &
committee committee committee committee Risk Committee
Function on
Member of Other Function on Other Member of Other Function on Other
Environmental &
Committee 1 Committee 1 Committee 2 Committee 2
Risk Committee
Member of Other Function on Other
Committee 3 Committee 3
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
150
151
152
153
154
155
156
157
158
159
160
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
Instructions
For the selected company, you are required to fill in all information below. The items below have dropdown list to assist yo
To answer these questions please ensure you inspect all reports for the financial year.
The statement is either true (Yes), false (No) or not applicable (N/A)
There should be very few N/A responses.
Please fill in the location where the disclosure was obtained in column D
Column E is only applicable if an answer is "Yes". If the answer is "Yes" please indicate (in your opinion) how compliant the
where 5 indicates that the company is fully compliant and 1 indicates that the company has made an attempt but it is que
General
How many pages long is the Integrated report
Report clearly indicates whether King guidelines have been followed.
Statement that integrated/ annual report prepared using Global Reporting Initiative (GRI)?
Statement that integrated/ annual report prepared using International Integrated Reporting Framework (IIRC)?
The report specifically mentions the 6 capitals (financial capital; manufacturing capital; human capital; social and relations
Governance of ethics
Effective leadership based on ethical values such as integrity, honesty, independence, accountability and trust can be asce
Reference to code of conduct provided in integrated report?
Reference to ethical performance evaluation provided in integrated report?
Has the governing body approved the code of conduct?
Code of conduct published on organisations website/ other platform?
Explanation that code of conduct and/ or ethics policies included in employment contract/ supplier contract?
Overview given of the arrangements for managing and governing ethics?
Measures taken to monitor ethics?
Explanation of how ethical outcomes/ concerns were addressed?
Planned areas of future focus ( Regarding ethics)?
Statement that the company applies with the constitution, applicable laws, standards or internal policies?
Statement that the company is a good corporate citizen?
Measures taken to monitor corporate citizenship?
Explanation of how corporate citizenship outcomes/ concerns were addressed?
Planned areas of future focus (regarding corporate citizenship)?
Overview given of the arrangements for managing and governing corporate citizenship?
Independent assurance of ethics by internal audit or external assurance providers.
Strategy and materiality
Company strategies and vision are clearly outlined.
Mission statement and company values are provided.
Statement that the governing body takes responsibility for the organisation's strategy and performance?
Statement that the governing body has approved the organisation's strategy?
Strategy refers to risks/ significant matters?
Strategy refers to opportunities/ benefits?
Strategy refers to business/economic issues?
Strategy refers to social issues?
Strategy refers to Environmental issues?
Statement that the strategy is subject to continuous monitoring and review?
Reporting frameworks used to prepare integrated/ annual report is explained?
Key focus areas detailed in the integrated report?
Number of focus areas detailed?
Materiality disclosed in the integrated/ annual report?
Basis for determining materiality disclosed?
Statement that the governing body has approved materiality?
Explanation of the process used for rating topics in the order of priority.
Financial and sustainability issues relating to economic, social and environmental impacts all covered in one or more docum
Board of directors
Company is governed by a unitary board of directors.
Roles and responsibilities of board explained?
Definition of non-executive director provided?
Board is comprised of the majority of non-executive directors.
Of the non-executive directors, the majority are independent.
Whether or not the chair of the board is considered to be independent?
Whether or not an independent non-executive director has been appointed as a lead independent?
The role and responsibilities of the lead independent are disclosed?
Share option scheme is not available to non-executive directors.
Board is regulated by a formal charter which sets out the role of the board and each director.
Statement that the governing body is satisfied with its performance in terms of its charter?
Explanation of independent/ professional advice given to the board other than for external auditors?
Number of board meetings?
Number of audit committee meetings?
Number of Nomination and appointment committee meetings?
Number of Remuneration committee meetings?
Number of social and Ethics committee meetings?
Number of Transformation committee meetings?
Number of Environmental & Risk Committee meetings?
Process for nomination, election and appointment of board members disclosed?
Policy for rotation and succession of board members disclosed?
Process for director training and induction disclosed?
Statement that board members have no conflict of interest or how conflicts of interest were managed?
Targets for race and gender provided?
Other directorships or professional positions held by board members provided?
Reasons for any members of the governing body removed provided?
Committees of the board
Terms of reference for the committees of the board are provided or referred to?
Statement that the board is satisfied that each committee has fulfilled its responsibilities?
Audit committee
Audit committee is appointed by the board (through the nomination committee) and is approved by the shareholders.
Roles and responsibilities of audit committee explained?
Formal charter and processes are in place outlining the functions of the audit committee.
Suitably skilled and experienced independent non-executive directors.
Comprised of at least three non-executive, independent directors.
Chairperson of the board is not a member of the audit committee.
Chaired by a non-executive, independent director, other than the chairperson of the board.
Meets at least two times a year.
Satisfactory attendance of audit committee as per attendance register.
Oversees internal and financial controls.
Oversees internal audit function.
Oversees financial risk management (and other risks if necessary).
Assesses the performance, expertise and skills of the financial function, including the financial director.
Oversees the preparation of the integrated report (including sustainability issues).
Audit committee (or company as a whole) applies a combined assurance model in providing assurance on activities such as
Evaluates independence and credentials of the external auditor.
Evaluates performance of the external auditor.
Reports to the board and shareholders how it carried out its responsibilities.
Audit committee or other structure oversees financial risk implications of IT.
Key focus areas of audit committee explained?
Risk Committee
Board appoints risk and/or audit committee to oversee risk management.
Risk (or audit) committee consists of at least three directors (both executive and nonexecutive).
It is chaired by an independent non-executive director, other than the chairperson of the board or the executive director (
Formal charter and processes are in place outlining the functions of the risk/audit committee.
Risk (or audit) committee meets at least two times a year.
Satisfactory attendance of risk (or audit) committee as per attendance register.
Risk committee (or audit/board) identified key financial risks and quantified them, if possible.
Risk committee (or audit/board) identified key non-financial risks and quantified them, if possible.
Risk committee (or audit/board) explains how the identified financial risks will be addressed.
Risk committee (or audit/board) explains how the identified non-financial risks will be addressed.
Risk committee (or audit/board) sets levels of risk tolerance.
Risk committee (or audit/board) expresses its views on the effectiveness of the company’s risk-management processes.
Risk committee or other structure oversees overall risk implications of IT.
Remuneration Committee
Remuneration committee comprises at least two non-executive and independent directors.
It is chaired by an independent non-executive director, other than the chairperson of the board or executive director.
Formal charter and processes are in place outlining the functions of the remuneration committee.
Remuneration committee meets at least two times a year (not required by King IV).
Satisfactory attendance of remuneration committee as per attendance register.
Remuneration committee or other structure determines remuneration of executive and nonexecutive directors.
Nomination Committee
Nomination committee comprises at least two non-executive and independent directors.
It is chaired by an independent non-executive director, who can also be the chairperson of the board, other than the execu
Formal charter and processes are in place outlining the functions of the nomination committee.
Nomination committee meets at least two times a year (not required by King IV).
Satisfactory attendance of nomination committee as per attendance register. Nomination committee or other structure re
executive directors.
Nomination committee or other structure recommends the appointment and dismissal of executive and non-executive dir
Directors nominated by the committee or other structure are presented for approval by the shareholders.
Assurance
An explanation of how the integrated/ annual report has been assured (Other than the financial statements)?
An explanation of the nature, scope and extent of assurance functions (other than relating to the financial statement)
A statement by the governing body on the integrity of the integrated/ annual report?
External audit
Statement that the audit committee is satisfied with the independence of the external auditor?
Policies and controls for the rendering of non-audit services by the external auditor is disclosed?
Nature of non-audit services disclosed?
Tenure of the external audit firm disclosed?
Requirement for external audit partner disclosed?
Changes in management of the organisation which may effect the independence of the external auditor disclosed?
Policy for audit firm rotation disclosed?
Statement that the company uses combined assurance?
Explanation of the combined assurance model provided?
Sustainability issues and disclosures are independently assured (under the auspices of the audit committee or other struct
Internal audit
Internal audit function has been set up (within the company or externally).
Internal audit function reports to the audit committee.
Internal audit is headed by the chief audit executive (CAE) or external company.
Internal audit (or its CAE)/external company attends audit committee meetings and board meetings by invitation.
Internal audit/other structure provides assurance on the effectiveness of internal control environment.
Internal audit/other structure provides assurance on the effectiveness of risk management.
Internal audit/other structure provides assurance on the effectiveness of governance (including ethics).
A statement by internal audit on the effectiveness on an organisation's governance/ internal control?
A statement on the independence of internal audit?
Internal audit is subjected to an independent quality review.
Internal audit follows a risk-based approach to its plan.
Performance evaluation for the board
Explanation of the performance evaluations of the board is provided?
Scope of the performance evaluations of the board is provided?
Indication of whether or not the evaluation is informal/ formal or externally/ internally managed?
Results of performance evaluation and the remedial action provided?
Statement on whether or not the governing body is satisfied with the evaluation process?
Notice period in CEO employment contract disclosed?
Contractual conditions related to termination of CEO employment disclosed?
Professional commitments and other memberships on governing bodies of the CEO are disclosed?
Whether or not there is succession planning for the CEO position?
An explanation of any arrangements for professional corporate governance services?
General risk
Analysis of risks and opportunities included in the integrated report?
Indication of the impact and likelihood of risks provided?
Explanation of the steps taken to manage/ response to risk?
Statement that the board takes responsibility of the governance and risk?
Explanation on the organisations dependence on resources and relationships as represented by social, environment and e
Key areas of focus relating to identification of and management of risk?
Planned areas of focus relating to identification of and management of risk in the future?
Risks identified (Please fill in below, the risks identified disclosed in the integrated report)
Information technology
A statement or policy on the use of technology and information?
Board or other structure monitors and evaluates significant IT investments and expenditure.
A suitably qualified and experienced chief information officer (CIO) is appointed to manage IT.
Board or other structure ensures that IT complies with IT-related laws, rules, codes and standards.
Board receives an independent assurance on the effectiveness of IT through internal audit function and/or external assura
Key areas of focus relating to the management of information and technology?
Planned areas of focus relating to the management of information and technology in the future?
Actions taken to monitor the effectiveness of information and technology?
Explanation of how the board ensures compliance with laws and regulations?
Key areas of focus relating to laws and regulations?
Planned areas of focus relating to the laws and regulations in the future?
Material or repeated fines/ penalties/ sanctions/ ect disclosed?
Details of monitoring and compliance inspections by applicable regulators disclosed?
Remuneration Policy and reporting
Remuneration policies disclosed?
Remuneration policy explains steps taken to ensure fair and responsible remuneration?
Remuneration policy explains the use of performance measures used to determine the remuneration?
An explanation of the voting by shareholders on the remuneration policy?
Total remuneration of the directors disclosed?
Portion of directors remuneration which is variable or performance based is disclosed?
Payment on termination of office disclosed?
Commissions and allowances disclosed?
The remuneration report explains internal and external factors that influence remuneration?
Adjustment to remuneration policy in response to shareholder voting disclosed?
Whether or not external consultant were used to assist with the remuneration policy?
The view of the remuneration committee on the appropriateness of the remuneration policy is disclosed?
An explanation of the elements/ principles/ frameworks used to ensure that the remuneration is aligned with strategic obj
An electronic link to the full remuneration policy which is publically accessible?
Whether or not the remuneration and implementation report has been tabled for a non-binding vote at the AGM?
Stakeholders
Board identifies key stakeholders and their interests on a regular basis.
Interests of key stakeholders are taken into account in the integrated report.
A list of material/ key stakeholders?
Risk associated with key stakeholders and how these are managed?
Mechanisms for communicating and engaging with key stakeholders?
An assessment of the quality of stakeholder relationships?
Key areas of focus with regards to stakeholder relationships?
Planned areas of focus with regards to stakeholder relationships?
Whether or not the board of directors makes themselves available at AGMs?
A statement of compliance with King IV?
Compliance
The company has appointed a company secretary
Compliance function has been set up by the company.
Compliance function/other structure oversees compliance with laws, rules, codes and standards.
Company discloses non-binding rules, codes and standards to which it adheres.
Answers Location of disclosure Scale Complete?
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Answers Location of disclosure Scale Complete?
Yes Sustainability Report 5 Complete
Yes Integrated report 5 Complete
Yes Integrated report 3 Complete
Yes Sustainability Report 3 Complete
No Complete
Yes Integrated report Fill in scale
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Answers Location of disclosure Scale Complete?
Yes Annual Report Fill in scale
Yes Annual Report Fill in scale
Yes Integrated report Fill in scale
Yes Not Complete
Yes Not Complete
Yes Not Complete
Yes Not Complete
No Complete
No Complete
Yes Not Complete
Yes Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Answers Location of disclosure Scale Complete?
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Answers Location of disclosure Scale Complete?
Not Complete
Not Complete
Answers Location of disclosure Scale Complete?
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Answers Location of disclosure Scale Complete?
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Answers Location of disclosure Scale Complete?
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Answers Location of disclosure Scale Complete?
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Answers Location of disclosure Scale Complete?
Not Complete
Not Complete
Not Complete
Answers Location of disclosure Scale Complete?
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Answers Location of disclosure Scale Complete?
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Answers Location of disclosure Scale Complete?
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Answers Location of disclosure Scale Complete?
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Complete?
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Answers Location of disclosure Scale Complete?
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Answers Location of disclosure Scale Complete?
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Answers Location of disclosure Scale Complete?
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Not Complete
Answers Location of disclosure Scale Complete?
Not Complete
Not Complete
Not Complete
Not Complete