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CONTENTS Corporate Information 2 Shareholding Structure 3 Board of Directors 4 Board Committees 5 Executive Management 6 Vision and Mission Statements 7 IDBZ Mandate and Corporate Objectives 8 Chairman's Statement 9 Chief Executive Officer’s Report 14 Corporate Governance Statement 24 Risk Management Report 30 Directors' Report 34 Directors' Responsibility Statement 36 Independent Auditor’s Report 37 Statements of Financial Position 39 Consolidated Statement of Comprehensive Income 40 Consolidated Statement of Changes in Equity 41 Consolidated Statement of Cash Flows 42 Notes to the Consolidated Financial Statements 43 Notice to Shareholders 95 Proxy Form 96 1 CORPORATE INFORMATION HEAD OFFICE AUDITOR PricewaterhouseCoopers, Chartered Accountants (Zimbabwe) IDBZ House Building No. 4.Arundel Office Park, Norfolk Road 99 Rotten Row Mount Pleasant, P. O. Box 453, Harare, Zimbabwe Harare, Zimbabwe Telephone +263 (4) 338362-8 Telephone: 263 4 750171-8 Fascimile +263 (4) 338395 Fax: 263 4 749012 www.pwc.com REGIONAL OFFICES LEGAL ADVISORS Sawyer & Mkushi Gill, Godlonton & Gerrans HARARE Cheda & Partners - Bulawayo Kopje Plaza Building Nelson Mandela Avenue/Rotten Row Harare, Zimbabwe BANKERS Telephone: 263 4 779013-14 CBZ Bank Limited Fax: 263 4 779011 FBC Bank Limited BULAWAYO 5th Floor, First Mutual House BANK SECRETARY 9th Avenue/Main Street Mr Kennias Kanguru Bulawayo, Zimbabwe IDBZ House, 99 Rotten Row Telephone: 263 9 70035/70398 Harare, Zimbabwe Fax: 263 9 67389 Telephone: 263 4 750171-8 Fax: 263 4 749012 2 IDBZ SHAREHOLDING AS AT 31 DECEMBER 2012 Shareholder Shares Held %age Government of Zimbabwe 2,018,605 86.59397% Reserve Bank of Zimbabwe 304,408 13.05848% ZIMRE Holdings Limited 8,001 0.34323% Staff Share Trust 78 0.00337% Fidelity Life Assurance Company of Zimbabwe Limited 6 0.00026% Finnish Fund for Industrial Cooperation 5 0.00023% African Development Bank 4 0.00017% German Investment & Development Company 3 0.00013% Netherlands Development Finance Company 3 0.00013% European Investment Bank 1 0.00004% TOTAL 2,331,114 100.00000% 3 BOARD OF DIRECTORS Mr.
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