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INTEGRATED ANNUAL REPORT 2017GRATED ANNUAL REPORT 2017
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TRUSTCO GROUPUSTCO GROUP

WHAT WE DO

Trustco is a diversified dual listed financial services group that invests and operates in sustainable high growth assets in emerging markets.

GROUP STRUCTURE

THE GROUP HAS FOUR OPERATING SEGMENTS

INSURANCE INVESTMENTS BANKING AND FINANCE RESOURCES

SHARED SERVICES

NAVIGATION TOOLS

GROUP PROFILE RESOURCES ADDITIONAL INFORMATION

FINANCIAL PERFORMANCE SHARED SERVICES INCREASE

INSURANCE STAKEHOLDERS DECREASE
INVESTMENTS CORPORATE GOVERNANCE REMAINS THE SAME
BANKING AND FINANCE SHAREHOLDERS GO ONLINE

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TRUSTCO GROUPUSTCO GROUP
INTEGRATED ANNUAL REPORT 2017GRATED ANNUAL REPORT 2017

ABOUT THIS REPORT

SCOPE AND BOUNDARY All of these reports are available on the Trustco has adopted a combined
group’s website at www.tgh.na assurance framework with the aim Statement of the board of directors of Trustco Group
The 2017 integrated annual report is of optimising, co-ordinating and Holdings Limited
addressed to Trustco’s shareholders and In an effort to support the global drive to integrating assurance, provided by
aims to present the group’s business preserve the environment, only a limited both internal and external assurance The board, supported by the relevant board committees,
performance, ambitions and strategy in number of reports will be made available providers on risk areas facing the group. acknowledges its responsibility to ensure the integrity of
a balanced and logical description. in print version. Combined assurance from internal the contents of the integrated annual report. The board
This report includes the sustainability assurance providers include executive has applied its collective mind to the integrated annual
report and an accurate account of The full report is available online as a pdf and senior management oversight and report and is of the opinion that the report addresses
the group’s financial and operational at www.tgh.na monitoring as well as the internal audit all material issues and matters and fairly presents the
performance for the period 1 April 2016 function. External assurance providers group’s integrated performance. The board unanimously
to 31 March 2017. MATERIALITY include oversight from the board and the approved this report and authorised its release.
relevant board committees, the external
This integrated annual report is Trustco defines materiality as to what auditors, the JSE and NSX sponsors.
prepared under the guidance of the it considers to be of material interest to
International Integrated Reporting current and prospective investors and Trustco also appointed external auditors
Framework which has been adopted by to any other stakeholder who wishes to assist with the internal audit function
the board. In addition, it conforms to to make an informed assessment of in the group. PwC was appointed in Adv R Heathcote SC Dr Q van Rooyen
other international and local statutory the ability of the group to generate respect of the banking and finance Chairman and Group managing director
and reporting frameworks, including the value over the short, medium and long segment and EY in respect of the rest of non-executive director and CEO
Listings Requirements (LR) of the JSE term. Any informative and material the group.
Limited (JSE). information after 31 March 2017 has
been included and is identified in the The annual financial statements were
The audited annual financial report where applicable. audited and signed by the external
statements (presented separately) were auditors, BDO. Apart from the group
prepared in terms of the International EXTERNAL ASSURANCES auditors, additional external audit firms
Financial Reporting Standards (IFRS). AND APPROVAL provided external assurance to the
It also complies with the South African board, being BDO Mauritius in respect of
Institute of Chartered Accountants It is the responsibility of the board the Mauritian business, Moore Stephens
(SAICA), financial reporting guides, of directors to ensure the integrity International in respect of the Sierra
as issued by the Accounting Practices of the integrated annual report. The Leone business and Deloitte in respect
Committee, financial reporting board, assisted by the audit and risk of the banking and finance segment.
pronouncements, as issued by the committee, approved this report and
Financial Reporting Standards Council, have taken steps to ensure the integrity
and in the manner as required by the of its content.
Companies Act of Namibia.