FirstRand Bank Financial Statements 2016
FirstRand has carefully considered the principles and objectives of integrated reporting. The group’s aim is to apply best reporting practices, in so far as it assists in explaining the group’s strategy, operations, and performance.
It does not seek to tick all the boxes, but rather provide stakeholders with enough relevant information to make an informed view of the quality of leadership’s strategic thinking, execution of strategy, and utilization of operating platforms, financial resources, and risk capacity. The approach is fundamentally designed to present substance over form.