Cover: A gyroscope is a device for measuring or maintaining orientation, based on the principles of angular momentum. The devic
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Contents OVERVIEW 02 Financial Highlights 03 Group Structure 04 Board of Director
Financial Highlights -11% Decrease in Revenue -26% Decrease in Net Cash from Operating Activities -48% Decrease in Headline Ear
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Group Structure MICROmega delivers services across all continents, focusing on fo
Board of Directors EXECUTIVE DIRECTORS IAN GREGORY MORRIS (42) CA(SA) Executive Chairman, appointed 1 June 2004 Greg has been w
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Chairman’s Report The Group remains optimistic about its financial performance fo
Managing Director’s Report Support Services The businesses within this sector are: • EMPOWERisk (50%) • NOSA • NOSA Mozambique
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Managing Director’s Report (continued) Information Technology The businesses with
Corporate Governance OVERVIEW By adhering to the King II Report, MICROmega Holdings Limited (MICROmega) has implemented its Cor
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Corporate Governance (continued) Date 15 March 2010 Agenda Approval of the annual
Corporate Governance (continued) Remuneration Committee The remuneration committee is responsible for determining the terms of
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Sustainability Report MICROmega is committed to practising good corporate citizen
Sustainability Report (continued) 31st December 2009 Male 208 254 30 8 500 Female 151 92 11 14 268 31st December 2008 Male 161
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Annual Financial Statements for the year ended 31 December 2009 Financial Content
Salient Features Revenue (R’000) 1 000 000 843 772 800 000 600 000 483 174 400 000 200 000 85 324 0 2004 2005 2006 2007 2008 20
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Directors’ Responsibility Statement The directors are responsible for the prepara
Independent Auditor’s Report To the members of MICROmega Holdings Limited Independent auditor’s report We have audited the Grou
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Report of the Directors The directors present their report for the year ended 31
Report of the Directors (continued) 8. Company Secretary The company secretary of the Group is G W Schnehage, whose business an
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Report of the Directors (continued) 11. Subsidiaries and associated companies Sha
Statements of Financial Position as at 31 December 2009 Group Notes ASSETS Non-current assets Property, plant and equipment Int
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Statements of Comprehensive Income for the year ended 31 December 2009 Group Note
Statements of Changes in Equity for the year ended 31 December 2009 Share capital R’000 GROUP Balance at 01 January 2008 Total
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Statements of Changes in Equity (continued) for the year ended 31 December 2009 S
Statements of Cash Flows for the year ended 31 December 2009 Group Notes Cash flows for operating activities Cash generated by
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements for the year ended 31 December 2009 1. Reportin
Notes to the Financial Statements (continued) for the year ended 31 December 2009 (ii) Accounting for borrowing costs In respec
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 Financial assets at fair value through profit
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 expenditure is recognised in profit or loss a
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 reduction in future payments is available. Co
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 or loss attributable to ordinary shareholders
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 (ii) Intangible assets The fair value of pate
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 5. Property plant and equipment (continued) 2
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 5. Property plant and equipment (continued) G
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 6. Intangible assets (continued) Carrying val
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 8. Investment in associates (continued) Group
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 10. Loans receivable Group 2009 R’000 Mguka T
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 11. Deferred taxation (continued) Change in R
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 14. Retirement benefits Defined benefit plan K
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 15. Trade and other receivables Group 2009 R’
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 18. Cash and cash equivalents (continued) The
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 21. Borrowings Group 2009 R’000 Instalment sa
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 24. Amounts owing to subsidiary companies (co
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 29. Auditors remuneration Group 2009 R’000 Au
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 33. Net finance (expense)/income Group 2009 R’
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 36. Earnings per share GROUP The calculation
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 37. Share-based payments (continued) Outstand
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 38. Financial risk management (continued) 38.
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 38. Financial risk management (continued) 38.
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 38. Financial risk management (continued) 38.
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notes to the Financial Statements (continued) for the year ended 31 December 2009 42. Notes to the cash flow Group 2009 R’000 42
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
for the year ended 31 December 2009 Notes to the Financial Statements (continued) 76 43. Segmental analysis Operating Segments
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
for the year ended 31 December 2009 Notes to the Financial Statements (continued) 78 43. Support Services 2009 2008 R’000 R’000
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notes to the Financial Statements (continued) for the year ended 31 December 2009
Notice of Annual General Meeting MICROmega HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Notice of Annual General Meeting (continued) 89 of the Companies Act, 61 of 1973,
Notice of Annual General Meeting (continued) If your MICROmega shares have been dematerialised and are held in a nominee accoun
OVERVIEW GOVERNANCE SUSTAINABILITY FINANCIALS Corporate Information as at 30 June 2010 Registration Number 1998/003821/06 Regis
Group Directory Company Name Sector: Financial Services MICROmega Securities MICROmega Africa Money Brokers Sector: Support Ser
Proxy Form MICROmega HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1998/003821/06) (Shar
NOTES 1. An ordinary shareholder may insert the name of proxy or the names of one alternative proxy of the ordinary shareholder