This integrated report has been prepared to provide Spur Corporation Limited (“Spur Corporation” or “the group”) stakeholders with a thorough understanding of our business. It covers the activities of the group for the period 1 July 2013 to 30 June 2014 and demonstrates how material non-financial issues are integrated into our strategy and processes as recommended by the King Report on Governance for South Africa, 2009 (“King III”).

During the year, the group acquired The Hussar Grill, a steakhouse chain in Cape Town, and a minority share in Braviz Fine Foods, a start-up rib processing operation due to commence trading in December 2014. Apart from these acquisitions, there have been no significant changes to our business that would affect the comparability of our reporting. As discussed in note 47 to the annual financial statements on this report, certain historic information has been restated due to the application of IFRS10 – Consolidated Financial Statements.

Spur Corporation operates a franchise restaurant business in South Africa and internationally. We own, and run, a small number of company-owned restaurants in South Africa, the United Kingdom (”UK“) and Australia. The group also operates a sauce manufacturing facility and manages central procurement for South African franchised outlets. The company’s brands include Spur Steak Ranches, Panarottis Pizza Pasta, John Dory’s Fish Grill Sushi, Captain DoRegos and The Hussar Grill. This report includes information relating to local and international franchisor operations for the financial year.

Environmental information relates only to the South African head office and corporate offices and excludes international operations and franchise restaurants. The consolidated B-BBEE information referred to in the transformation section uses the latest available externally verified information and relates to the South African operations for the period 1 July 2012 to 30 June 2013.

In preparing this report we have followed the recommendations of the International Integrated Reporting Council’s (”IIRC“) <IR> Framework as it applies to our business. Sustainability information is presented in alignment with the Global Reporting Initiative (GRI) G3 reporting guidelines. Our GRI declaration and the GRI index can be found here.

For further information about this report, please contact the chief financial officer, Ronel van Dijk at ronelv@spur.co.za or +27 21 555 5100.

Approval of the integrated report

The board acknowledges its responsibility to ensure the integrity of this integrated report. The directors confirm that they have collectively assessed the report’s contents and believe it addresses the material challenges and opportunities the group faces, and is a fair representation of the performance of the group for the financial year. The board consequently approves the 2014 integrated report for publication.