Integrated Annual Report

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About our report


This report provides information relating to Italtile's strategy and business model, operating context, material risks and opportunities, governance and operational performance for the period 1 July 2018 to 30 June 2019. We also consider the risks, opportunities and outcomes of our business activities on the various stakeholders who are affected by what we do. These stakeholders and their interests are described on Material issues, risks and opportunities. In addition, we have published annual financial statements (AFS). The reporting process for all our reports has been guided by the principles and requirements contained in International Financial Reporting Standards (IFRS), the IIRC's International < IR > Framework, the GRI Standards, the King V™* Report on Corporate Governance for South Africa 2016 (King IV), the JSE Listings Requirements, and the Companies Act No 71 of 2008.


This report provides information that we believe is of material interest to current and prospective investors, and to any other stakeholder who wishes to make an informed assessment of Italtile's ability to generate value over the short, medium and long term. We have sought to ensure that all the information in this report relates to matters that have a material bearing on value creation at Italtile. Understanding our business and our business model form the basis for appreciating how Italtile creates value, and for identifying those issues impacting value. Our ability to create value is determined by the quality of our response to our operating context, the priority risks and opportunities facing our business, and the material interests of our key stakeholders. Making an informed assessment of the quality of our response requires an appreciation of our strategy, our performance, our Board, and our governance practices.


Reporting element Assurance status and provider
Integrated annual report Reviewed by the directors and management, but has not been externally assured.
Financial information All summarised financial information is extracted from the annual financial statements, audited by Ernst & Young Inc. (EY) who expressed an unmodified audit opinion thereon.
Selected non-financial performance metrics Accredited service providers and agencies have verified selected non-financial performance metrics contained in the report, including our carbon footprint and the BBBEE rating.
All other non-financial performance information Management has verified the processes for measuring all other non-financial information.


This report contains certain forward-looking statements which relate to the possible future performance and financial position of the Group. All forward-looking statements are solely based on the views and considerations of the directors. These statements involve risk and uncertainty as they relate to events and depend on circumstances that may or may not occur in the future. The Group does not undertake to update or revise any of these forward-looking statements publicly, whether to reflect new information, future events or otherwise. These forward-looking statements have not been reviewed or reported on by the Group's external auditors.

The Group neither accepts any responsibility for any loss arising from the use of information contained in this report, nor undertakes to publicly update or revise any of its forward looking statements.

* Copyright and trademarks are owned by the Institute of Directors in Southern Africa NPC and all of its rights are reserved.