NCU Annual Report 2018

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02 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

CONTENTS 04 BOARD OF NORTHERNS CRICKET UNION 06 OFFICE BEARERS Board of the Northerns Cricket Union Board of Titans Cricket (Pty) Ltd. Board of Easterns Titans (Pty) Ltd. Life Members Honorary Members Staff of the Northerns Cricket Union Premier League Clubs & Chairpersons Associate Bodies 08 PRESIDENT'S STATEMENT 10 CHIEF EXECUTIVE OFFICER’S REPORT 14 OVERVIEW OF OPERATIONS Multiply Titans Multiply Titans Awards Cricket Operations Northerns Cricket Union Awards NCU Cricket Scorers' Association NCU Cricket Umpires' Association Brand & Communications Commercial Stadium & Grounds Executive Report 34 HONOURS 35 FINANCIAL REPORT 36 Treasurer’s Report 37 Statement of Responsibility by the Board of Northerns Cricket Union 38 Independent Auditor's Report to the Members Council of Northerns Cricket Union 40 Economic Interest Balance Sheet 41 Economic Interest Statement of Comprehensive Income 42 Economic Interest Statement of Changes in Equity 43 Economic Interest Cash Flow Statement 44 Notes to the Economic Interest Annual Financial Statements 59 Detailed Statement of Comprehensive Income | 03

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OFFICE BEARERS NORTHERNS CRICKET UNION BOARD OFFICE John Wright (President) | Sollie Barnard (Vice-President: Cricket Nicole Kente Personal Assistant to CEO Operations) | Dominic Storom (Treasurer) | Ettie Claassen Janie Marais Compliance Officer Dr. Ravi Govender |Tasmeen Moosa | Steven Ratsatsi | Tebogo Siko Jutas Mudau Housekeeping Supervisor Isaac Theledi | Damian Weidemann Gerson Raluthada Housekeeping Assistant Maria Laka Housekeeping Assistant TITANS CRICKET (PTY) LTD Rose Laka Cleaning Assistant John Wright (Chairman) | Dominic Storom (Treasurer) | Graham Abrahams | Sollie Barnard | Mohamed Bhyat | Ettie Claassen STADIUM AND GROUNDS Dr. Jacques Faul (Chief Executive Officer) | Dr. Ravi Govender Sipho Temba Maintenance Officer Marc Jury | Gideon Khobane | Tebogo Siko Alfred Matjeke Mechanic Claudius Chihuri Grounds Staff EASTERNS TITANS CRICKET (PTY) LTD Tebogo Mphamo Grounds Staff Gary Corin (Chairman) | John Wright |Dominic Storom (Treasurer) Kruger Sithole Grounds Staff | Graham Abrahams | Mohamed Bhyat | Dr. Ravi Govender Marc Lovemore Zijena Grounds Staff Jury | Asruf Seedat | Dr. Jacques Faul (Chief Executive Officer)Gideon Charles Baloyi Grounds Staff Khobane (Chief Executive Officer) | Cassim Suliman (Chief Executive (Resigned: October 2017) Officer) Johannes Mothapo Grounds Staff LIFE MEMBERS FRANCHISE CRICKET Dr. Willie Basson | Brandon Foot | Richard Harrison | Alan Jordaan Tumi Masekela Strength and Conditioning Coach Vincent Sinovich Sizwe Hadebe Physiotherapist Karen Smithies Titans Administrator HONORARY MEMBERS Ofentse Ranoto Titans Administration Assistant Dr. Rashid Bhikha | Charles Crosbie | Gerald Dros | Ulrich du Pont Hennie du Toit | Jerry Makan | Johan Marx | Dudley Mokuena CRICKET OPERATIONS Vegie Naidoo | Billy Nkwinika | Gys Rautenbach | Jurie Wessels J.P Triegaardt Senior Provincial Head Coach Pietie Steffens |Dr. Denis van Rensburg | Wally Van Heerden Traci Meyer Youth Cricket Prof. Eugene van Vuuren |Mac van Vuuren | Roy Webber Office Administrator Jurie Wessels Wally Nel Administrator Charlotte Serwadi Club Cricket Coordinator MANAGEMENT Performax Administrator Dr. Jacques Faul Chief Executive Officer Sibonelo Ngcobo Coaching Manager Mark Boucher Titans Head Coach Mark Charlton Framework Coach: Mandla Mashimbyi Titans Assistant Coach High Performance and U/19 Jeannie Geldenhuys Finance Manager Martelize Van der Merwe Framework Coach: (Resigned: June 2017) Girls and Women's Provincial Samuel Prinsloo Finance Manager Peter Harold Framework Coach: Johan Muller Cricket Operations Manager U/17 and U/15 Jabulani Kubeka Stadium Manager Onke Mtsiba Framework Coach: Bryan Bloy Head Groundsman U/13 and U/11 Pierre Joubert Commercial Manager Kagiso Masubelele KFC Mini-Cricket Coordinator Nyiko Minyuku Executive and Events Manager Keletso Tjiane Little Titans Central Administrator Lucy Davey Brand and Communications Officer Elias Maema Housekeeping Assistant Neo Sekokotla HUB Head Coach: Atteridgeville STAFF Lebo Makola HUB Head Coach: Laudium FINANCE Thabang Kumalo HUB Head Coach: Mamelodi Jacqueline Smit Senior Accountant Thabang Rakgolela HUB Head Coach: Soshanguve Wanda Mpakama Junior Accountant Ikgomotseng Mothoa HUB Head Coach: Hammanskraal Nandipha Sishi Creditors and Debtors Clerk 06 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

COMMERCIAL Lea Kruger Ticket Administrator Receptionist Vena-Ann Newman Commercial Administrator INTERNS Peter Chadya | Hlumelo Matshanda | Sipho Mbambo |Boitumelo Thebe PREMIER LEAGUE CLUBS & CHAIRPERSONS ADELAAR Will Giessing ATTERIDGEVILLE Ashley Dau BRITS Christo de Jager CBC OLD BOYS Nico Martin CENTURION KAVALIERS Jandre Archer CULLINAN DIAMOND MINE Dawie Badenhorst DEFENCE Afrika Dido DIFFERENTLY ABLED CRICKET CLUB Christo Pelzer EERSTERUST Damian Weidemann HAMMANSKRAAL Frans Mabunda HARLEQUINS Hein Wijburg IRENE VILLAGERS Pierre Coetzer LAUDIUM Ian Naidoo MAMELODI Patricia Matimbe MOOT Jacques van Wyk PSHOB Hugo Nel POLICE Peet du Plessis PRETORIA Gert Scheepers SINOVILLE Henk Vorster SOSHANGUVE Tebogo Siko TUINE Riaan Labuschagne ASSUPOL TUKS Sollie Barnard TUT Nols Nolte ASSOCIATE BODIES Northerns Cricket Union Umpires’ Association Chairman: Pieter Roux (Passed away: April 2018) Vice-Chairman: Nic Pretorius Vice-Chairman: Duma Ntuli Northerns Cricket Union Scorers’ Association Chairman: Hennie Erasmus Vice Chairman: Anitha Madikizela (resigned February 2018) Northerns Cricket Union Schools’ Association Chairman: Craig Hoyer Vice-Chairman (High Schools): Johan Cloete Vice-Chairman (Primary Schools): Tertius Van Velden Northerns Cricket Union Differently Abled Association Chairman: Neil Rynners | 07

PRESIDENT'S STATEMENT It is my pleasure to present the 2017 / 2018 Annual Report of the Northerns Cricket Union. The Northerns Cricket Union, Easterns Titans (Pty) Ltd. and Titans Cricket (Pty) Ltd. have once again enjoyed another phenomenal season. A lot of credit and appreciation is extended to all parties that have made valuable contributions and shown sterling commitment in enabling our cricket entities reach amazing heights and accolades. The accolades and nominations received at the 2018 Cricket South Africa Annual Awards highlight the status in which our organisations are portrayed on the national front. The Titans footprint has gained major traction over the past five seasons, in the general South African sporting landscape. One should not underestimate the Titans brand potential outside of our shores which is obviously enhanced by the successes on the field. And whilst the treble eluded our grasp this past season, we feel that it is but a matter of time before the Titans can display all three domestic franchise trophies in our cabinets. The triumph of the Titans is furthermore galvanised by the successes of the pipeline, where the programmes and structures of the provincial system are critical. I wish to accredit much of the success of our entities to the approach adopted to corporate governance, something in which we pride ourselves. Multiple stakeholders play a pivotal role in ensuring that we are compliant and operating in the best interests of our organisation. The approach of the Board to assume the role of overseer and allow Management to run cricket activities has borne the required results. The Union won the coveted Cricket South Africa Incentive Scorecard for the fourth consecutive year, highlighting our commitment to open, transparent structures which create, develop and grow players, coaches, officials, and those in contact with the organisation. With breakeven budgets a prerogative, it is imperative that the spend is carefully calculated to warrant a major focus on a return on investment and value spend. The allocation of R2,4 million to the clubs - for upliftment and improvement to their facilities and equipment - helped direct much needed inroads into aiding and alleviating the financial burden that these entities experience on a daily basis. The Allan Gray Fund performed above expectation, despite a forecasted negative growth. All entities currently sit in a very favourable financial position, thanks to innovation to expand and better utilise our assets, with non-cricketing activities and events, as well as reaching out to new markets. Being able to maintain the status and position of a leading Cricket South Africa Affiliate comes with its own challenges. Strategic planning and creativity needs to be primary objective to ensure we retain the stance as sporting industry leaders in this field. Emphasis needs to be placed and directed at enhancing the role that girls and women’s cricket plays within our structures, whilst also applying ourselves to the requirements and needs of the differently abled fraternity. A drive to attract more females in senior roles and positions within the organisation must become a priority. 08 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

The age of the stadium is always a concern, with major work needed on ailing infrastructure. Marked improvements to rejuvenate the SuperSport Park asset have seen the facility ranked as one of the top three stadia in South Africa, by crowd attendance. SuperSport Park has been allocated a Boxing Day Test Match against Pakistan; a drive to make this a major success has already begun, as we attempt to dismiss fears of Tshwane metropolitan being a sleepy hollow during this time of the year. As we move to shift the bar even higher, I would like to call on all role-players and stakeholders to join us in moving forward as a leading cricketing organisation within the country. I express my sincere thanks to Dr. Jacques Faul, the management team and the staff for their tireless dedication to always improving and growing our organisation. In doing so, we are all proud of what we have and where we are. I express my sincere gratitude to the Members Council for their role played in ensuring that the Northerns Cricket Union moves in the right direction, along with the all the sponsors and partners for their important role in our development. I express my appreciation to the members of the Board whom often receive little credit for the role that they play in shaping our business. To the non-independent members that have made constructive contributions and rendered their expertise available to our entities, thank you. Without these entrusted individuals in the structure little would be able to be accomplished. Congratulations and well done to everyone that has been part of another fantastic year in the history of the Northerns Cricket Union. JOHN WRIGHT President | NCU

CHIEF EXECUTIVES OFFICER'S REPORT WINNING In an unprecedented feat off of the field, Northerns Cricket Union have lifted the Cricket South Africa Incentive Scorecard prize for four seasons running, duly recognising the Affiliate as the top administration in South Africa. Taking to the field, the franchise has won a hattrick of double trophies over the past three seasons and bagged the coveted Coach of the Year accolade at the Annual Cricket South Awards. Six years ago, the Easterns Titans franchise was not listed as a growing concern. The income generated from sponsorship increased by nearly triple-fold profits, enabling the company to fund distributions to the two affiliate shareholders, Eastern Cricket Union and Northerns Cricket Union, respectively. In addition, the Northerns Cricket Union was able to distribute additional club funding to the value of R4,8 million in support. DYNAMIC A goal of the entities has been an investment into value creation for a variety of cricket properties that would not only carry the brand into market, but equally serve as income streams through the continuing implementation and improvement of initiatives. A drive toward stakeholder relationship management has played a key role in the success of the Union. The recommended practice monitors and reviews a Power / Interest Matrix for all stakeholders to guide the level of engagement between the Entities and its stakeholders. A measurable reflection of the media reach has been noted in the cumulative Advertising Value Equivalency of the Multiply Titans: Analysis Period: 1 August 2017 – 30 April 2018 | Total Average R 1 131 882 929 R300,000,000 R262,946,452 R250,000,000 R213,281,113 R200,000,000 R181,396,491 R179,306,258 R151,146,487 R150,000,000 R143,806,128 R100,000,000 R50,000,000 R 10 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

This season served as another opportunity for the Union to welcome a range of cricket tournaments. Special mention must be made of the operational effort that is put into successfully hosting the Regional Under-13 Boys Week, Regional Under-16 Girls Week, Standard Bank RPC Under-17 Week, Coca-Cola National T20 Schools Competition, Multiply National Community Cup, Momentum National Club Championship and Cricket South Africa Deaf Week tournaments. TITANS The Titans brand has built significant equity on the back of successful cricket performances and prominent players, a crop of whom graduated to represent the Multiply Titans across all competition formats. Mark Boucher remains an iconic cricket character and his success as Titans Head Coach has assisted in establishing a real perception of success. RISK MANAGEMENT CHALLENGE | Globalisation MITIGATION | The postponement of the T20 Global League South Africa resulted in a significant loss for Cricket South Africa. In noting the subsequent reputational damage, uncertainty about the future of the domestic T20 format and the impact that it will have on the franchise will be examined. CHALLENGE | Sponsorships MITIGATION | Income from sponsorships and barter deals has made a positive impact on the sustainability and profitability of the entities. The economic climate, however, lends to a very competitive commercial environment against which the entities must leverage their value. | 11

CHIEF EXECUTIVES OFFICER'S REPORT CHALLENGE | Land Use Rights MITIGATION | There is a high aim to have the process of re-zoning the land use of SuperSport Park finalised during the 2018 / 2019 financial year. The stadium strives to comply to all relevant regulations as required by the City Council. CHALLENGE | Transformation MITIGATION | During May 2018, Cricket South Africa hosted an insightful Transformation Indaba from which agreed principles will form the cornerstones for the envisioned strategy (2018 – 2021). In consolidation of the 2013 National Transformation Indaba Resolutions, we agreed that not all of the 2013 resolutions were achieved, however the effort made to date has led to meaningful improvement in governance, administration, increased participation and improved playing standards. BOARD BOARD STAFF STAFF Male | Female Black African Male | Female Black African Colored Colored Indian White White Dr. JACQUES FAUL Chief Executive Officer | NCU, Easterns Titans, Titans Cricket 12 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

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MULTIPLY TITANS A SUMMER OF CELEBRATION AND CLOSE CALLS He might be one of cricket’s most successful figures behind the The Dolphins were bowled out for 100, with Chris Morris taking stumps, but there’s an added steel to Mark Boucher off of the a Ram Slam career-best 4-13. The Titans top order then chased field. He has made the transition to successful franchise coach down the modest total within 12 overs to retain their T20 seamlessly, and his loyalties lie firmly with the Multiply Titans. crown. “It’s a culture that I’ve always looked up to. When the players do ' The highlight was things, they do them for the team and that’s always the strong point that comes out; that no player is bigger than the Titans winning the trophy, and brand, no matter how good you are. The group of players that I’m working with are very easy: the culture is very well installed seeing how Proteas in their minds and hearts,' said Boucher. coming back in the setup Having completed a second season in charge of the Titans, enjoyed the tournament.' Boucher’s coaching education has continued at a rapid rate, as he and his charges left an indelible mark on domestic cricket. “Everyone knew that the national players were coming in from During his first year at the helm, he led the Titans to the the start and I’d explained the loan systems available to the ‘white-ball double’ by lifting both the CSA T20 Challenge and players. But they all wanted to stay, which is something that Momentum One-Day Cup. And now, after being named Coach shows that the culture is strong, even if it’s players just playing of the Year for a second consecutive year, Boucher reflects over in one or two games,” Boucher explained. a remarkable season which garnered another two trophies. Momentum One-Day Cup RAM Slam T20 Challenge “That was a very tough competition for us, but we managed to The ball started rolling in the RAM Slam T20 Challenge, which keep ourselves in it.” has made a home for itself in the Titans’ trophy cabinet. “Okay, you’re defending champions again, do you think you can hold The international season claimed a number of Titans players on to it?” Boucher challenged at the start of the competition. at the start of the 50-over competition. Albie Morkel, Farhaan Behardien and Tabraiz Shamsi were the core of a team with The Titans’ T20 campaign was characterised by generous relatively limited experience, as they looked to defend their dollops of brilliance, as the Centurion franchise made history one-day title. in becoming the first franchise to win a hat-trick of T20 titles, beating the Hollywoodbets Dolphins by seven wickets in a The Titans’ had mix fortunes, winning seven out of 10 matches home final. as they headed into a home semi-final against their perennial knock out opponents, the Warriors. After being put in to bat But you have to go back to the start of the campaign to truly first, Morkel’s men mustered 230, thanks largely to a quality appreciate the success. In the opening match of the competition, 57 from Behardien. Not one to shirk away from pressure in front of a commanding crowd at SuperSport Park, the Titans situations, the Titans’ evergreen showed his class in the title were bolstered by the return of T20 giant AB de Villiers. hunt, eventually finishing as one of the competition’s leading run scorers. The ace bludgeoned a brilliant 19-ball 50, as the Titans opened their account with an eight-wicket win over the bizhub Highveld On this occasion, however, the Warriors won the day. Lions. “Unfortunately, on the day, we came up against a very good Warriors team. We just weren’t good enough,” Boucher Unbeaten heading into the final group stages, and with a home admitted. semi-final secured, the Titans uncharacteristically stuttered to defeats against the WSB Cape Cobras and the Hollywoodbets An opening stand of 115 between Gihahn Cloete (56) and Dolphins. Lesiba Ngoepe (69) laid the platform to an eight-wicket triumph for the visitors. Undeterred by back to back losses, the Titans beat the Warriors in the semis before hosting the Natal natives at a filled-up “When we batted, we probably tried to go too hard, too quickly, SuperSport Park, three days later. instead of trying to rely on scoreboard pressure. 14 | NORTHERNS CRICKET UNION 14 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018INTEGRATED REPORT 2017|2018

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MULTIPLY TITANS I think it was a good wake up call for all of us. Sometimes you “Another great positive was at the end of the Sunfoil series take for granted getting into finals and that’s certainly one thing when our President and Chief Executive Officer walked into the that we’ll never take for granted again for as long as I’m still a dressing room. To see the excitement on their faces was special. coach here.” A lot of people talk about having a family within a franchise, and a lot of the time I’d thought that they were just words but, I do Despite missing out on becoming the first franchise to win all think there’s a family camaraderie in this franchise. three trophies, there were several encouraging features from the 50-over campaign, with several newcomers being blooded “They always want to give a little bit extra to our team, to make and showing an appetite for runs at this level. them feel special and that’s something that our team will never take for granted,” insisted Boucher. “It was a young Titans team that stood up when it needed to. Andrea Agathagelou is a great team man who plays with a lot of intensity. He’s smart and he knows the game well. He’s ' While it’s trophies that unlocked himself this season and I’m looking forward to seeing him carry his form over into next season. matter for most franchises “Rivaldo Moonsamy plays with a lot of flair and played some - the Titans have won 10 unbelievable knocks. He may not have always had opportunities in six seasons - producing but, when he did, he came to the fore. I see a lot of potential in him.” national players is very Sunfoil Series much part and parcel of “The turning point for us was when we lost against the Warriors; Boucher’s strategy.' that was a game that we shouldn’t have lost.” The Titans headed into the second half of the season top of the 'Yes, I want to win three trophies, but I said from the outset log and, most importantly, the only side to have won a match, that I want to try get as many players into the national side, following an eight-wicket win at the hands of Gauteng rivals, and if I can do that, then I think the trophies will take care of the bizhub Highveld Lions. That match was marked by Lungi themselves and we’re creating an even stronger culture as Ngidi’s return from injury, and his match-winning haul of 9-73. well.' Despite leading the table for most of the season, a final-over While the team enjoyed success, strong individual performances defeat against Warriors in East London left the Titans at risk of led to national call-ups for Junior Dala, Heinrich Klaasen, Aiden their steam being taken out of their season. It also reignited the Markram, Lungi Ngidi and Shaun von Berg. Sunfoil Series heading into the final round of matches, with four teams in the running for the prized four-day title. That continued a long-standing Titans tradition in the national set-up, with Markram and Ngidi joining a list of eight Standard “The guys were really hurt after that game. We walked into the Bank Proteas currently associated with the Centurion franchise. dressing room and had a fantastic team talk after realising that we might lose the Sunfoil Series. We came back, and we went “The first season was a dream winning two trophies, then the to play paintball to get a bit of the frustration out,” Boucher expectation came in the second season and there’s going to be revealed. expectation in the third. But in my own head I’ve become clear about where I want to go and where I want these players to go “After that paintball session, we had a walk through the Walk and where I want them to be as a team. of Fame. Going through there and listening to a couple of the guys talk, and heading into the training sessions after that, I just “As long as we keep raising the bar on certain individuals and knew that something special was about to happen.” the team, keep the guys physically and mentally strong, and maintain a happy team and manage the guys well, then I’ve Not content with one trophy, the Sky Blues clinched a dramatic done my job.” concluded Boucher. Sunfoil Series title on the final day of the season, with SuperSport Park once again providing one of the highlights of the summer. In familiar surroundings, the Multiply Titans secured a four- wicket win, fittingly, against last year’s title holders, the VKB Knights. 16 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

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MULTIPLY TITANS AWARDS FARHAAN BEHARDIEN was the big winner at the Annual Multiply Titans Awards last night after a very successful 2017/2018 campaign. The season saw the Titans win the RAM SLAM T20 Challenge, before claiming a dramatic Sunfoil Series title on the final day of the season. Behardien, an ever-present in all formats, helped himself to four awards on the evening, including the coveted Player of the Year gong. He also secured the T20 Player of the Year, the First-Class Player of the Year and the Most Valuable Player of the Year, in a season that also saw him mark his 100th first-class appearance with a century. “It has been another very productive season for our franchise team, and I congratulate coach Mark Boucher and the rest of his fantastic team for continuing to set the standards in South African domestic cricket,” said Jacques Faul, CEO of the Titans. “A special mention also goes to Farhaan, who has been a fantastic servant for Northerns and Titans cricket for years. He deserves all the accolades that he received this evening,” Faul said of the night’s big winner. The evening, hosted at the stunning Serengeti Golf and Wildlife Estate, saw the Titans family come together for a night of celebration, with all the franchise’s commercial and technical partners In attendance. On the players’ front, the bulk of the Titans squad that secured the domestic double was in attendance, as well as national stars such as AB de Villiers, Dean Elgar and Lungi Ngidi, who took time away from the thrilling, ongoing Sunfoil Test series against Australia. Wrist-spinner Tabraiz Shamsi was also a multiple winner, as his productive campaign reaped the Momentum One- Day Cup Player of the Year, as well as the prestigious Players’ Player of the Year, as voted for by his teammates. Promising batsman Andrea Agathangelou’s encouraging displays at the top of the order were rewarded with the Newcomer of Year award, holding off stiff competition from Tony de Zorzi and Rivaldo Moonsamy. 18 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

One of the brightest stars in the Titans stable, Aiden Markram, has enjoyed a meteoric rise to international stardom, but he remains a popular drawcard when he turns out in Titans blue. The top-order ace walked away with the Bacher and Co Fan’s Player of the Year. WINNERS 1 Newcomer of the Year Andrea Agathangelou 2 Player's Player of the Year Tabraiz Shamsi 3 Momentum One-Day Cup Player of the Year Tabraiz Shamsi 4 First-Class Player of the Year Farhaan Behardien 5 Player of the Year Farhaan Behardien 6 Most Valuable Player of the Year T20 Farhaan Behardien 7 T20 Player of the Year Farhaan Behardien 8 Bacher and Co Fan's Player of the Year Aiden Markram | 19

CRICKET OPERATIONS • 475 Primary School teams At a glance, the 2017/2018 Cricket South Africa Incentive PRIMARY • ≤ 3000 matches played Scorecard would reflect scores above 90% on it’s Eminent • T20 League friendlies (1st term 4th term) Persons Group Baramoter, Presidential Plan, Governance, SCHOOL • T20 League (3rd term) Administration, Woman’s Development and Coach Education • 50-Over League (3rd term) categories. But upon closer inspection, these scores can be attributed to the Northerns Cricket Union and its staff, so it is little wonder that Cricket Operations Manager describes the competition as “a big driver and motivator.” “Credit must go to the national body for providing a tool to • 396 High School teams evaluate the quality at which members’ programmes are HIGH • ≤ 3000 matches played operated. Claiming top status for another consecutive year SCHOOL • Friendly League (1st term) speaks to the focused group effort that it takes to achieve well. • Competitive League (3rd term) The inherent motivation is to be proud of the programmes put into place for stakeholders and end-users,” beams Muller. “The leadership of the Board and input of the Members’ Council has been most appreciated, guiding the Cricket Operations established in this category) alongside a further five dormant office principles toward improved performance.” schools (who have not previously participated in cricket).” Hoërskool Centurion emerged victorious in the franchise section YOUTH AND SCHOOLS of the Coca-Cola T20 Schools Competition and Prestige College A growing household name, the Little Titans programme has progressed to the National Coca-Cola T20 Schools Competition proven useful to target specific schools and attract them (back) by qualifying as one of the top two Focus Schools. into cricket through clinics. “We completed 8 coaching clinics and 4 Festivals, along with 3 community cricket sessions. The equipment sales for the range are picking up considerably,” ' The role of Titans’ confirms Muller. Strength and Conditioning “The KFC programme remains a core entry into cricket and Coach, Tumi Masekela, a platform that is readily accessible and fun to play. Schools cricket plays a fundamental role in player production.” In in the Curro Schools celebration of 35 Years of Mini Cricket, the KFC Mini-Cricket Provincial Seminar was held in August 2017 at SuperSport Park Programme has been followed by the Annual Provincial Festival held in September 2017 at the Tshwane University of Technology. pivotal.' The numbers continue to churn for Northerns as Muller describes the thorough selection process for regional and • 1504 children attended (from 207 schools) provincial teams. “More than 700 players were nominated and • 50 children identified participated in several rounds of District (North, East, South, YOUTH • HUB / Zonal Coordinators and Administrators West) trials. Our selectors and coaches did a sterling job to • 5 coaching clinics + 6 coaching courses ensure that the trials provided a fair and equal opportunity for • 6 Zonal / Area Festivals. every player. “The teams performed exceptionally well across the board. In total, the regional teams won 10, lost 3 and drew 7 matches, Muller praises the Committee of the Northerns Schools and the provincial teams won 21 and lost 8 of their matches. Association for having forged effective relations with the many The Under-17 Boys won all their fixtures and the Under-19 girls schools’ bodies that exist, to the extent that the vision of the lost their ultimate game by way of a super-over. Union is adopted for the mutual benefit of players, technical staff and administrators. “A word of thanks must be extended to St. Albans College and Cornwall Hill College who acted as hosts during the several “This season, a further three Focus Schools were added to Tournaments hosted by the region. our development strategy, joining Prestige College (who are 20 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

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CRICKET OPERATIONS Both Traci Meyer and Wally Nel – who have worked with the COACHING AND DEVELOPMENT Northerns Cricket Union for the last 20 years - are crucial in the “Coach Education overlaps all programmes from KFC Mini- management of team logistics. Cricket right through to the Northerns Academy level. It was nothing short of an honour to emerge top in the country in this CLUB CRICKET incentivized scorecard category. Muller describes Northerns’ Club Cricket structure as driven by three main aspirations. “To facilitate processes of “Our Coaching Manager, Sibonelo Ngcobo, has worked well transformation in the sport, to serve all clubs in pursuit of the alongside Under-19 and High Performance Coach, Mark best quality of league cricket that should be played, and to align Charlton, to ensure that theory refreshers, skills camps, and with the standard requirements that will ensure we receive meeting forums take place in order to drive player and coach maximum funding“. development. The Club Roadshows and Club Forums, have provided a From a coaching tools perspective, a Management Feedback platform for the Cricket Operations office to engage in System has been purchased to monitor players throughout the necessary discussions as well as for feedback and insight from pipeline for Conditioning Programmes, Nutrition, Education, club representatives in an open forum. feedback on Injuries and Coaching tools. Furthermore, the Protea Ladies Tour camp was held with the Titans Ladies To this end, the standard within all clubs is anticipated to rise national caps, comprising of 1-on-1 training, mentorship and based on the implemented funding subsidy, explains the Cricket condition adaptation. Operations Manager. “The Qualifier System was introduced to narrow the gap in levels of Premier and Promotion league clubs. The incepted Northerns Girls Academy coached by Martelize The Club Scorecard was developed to incentivize compliance by van der Merwe now offers a platform for girls and women the clubs and motivate positive administrative performance. to receive coaching that they otherwise may have not had access or exposure to – an equal advantage for the ongoing ' The allocation of funds recruitment of female cricketers in the region. by the Board of Northerns Cricket Union served as • 5 x Level I | 2 x Level II a capital investment to COURSES • 5 CAP Camps | 8 Forums • 4 x Newsletters standardise clubs’ playing • 6 x junior Coaching Manual • Legacy of Leadership Conference and training facilities and equipment.' The invaluable position of HUB and RPC Coach has been mandated nationwide to facilitate a direct report to the respective affiliates of Cricket South Africa. The HUB’s and RPC development program performed well on the 2017 / 2018 Incentive Scorecard, marking a 9% improvement from the CLUB • 108 Senior Teams ≤ 513 Matches previous year, to a total of 83%. CRICKET • 08 Junior Teams ≤ 446 Matches Johan Muller is quick to compliment the HUB’s Head Coaches on their continued passion and commitment for the game of cricket. “These particular coaches play a significant role in the production of players and we are confident of the talent that has steadily come through. Congratulations are in order for Assupol TUKS who claimed trophies for winning the Northerns Cricket Union Premier “From a senior provincial side, this season was one for re- League, Northerns Cricket Union T20 Clubs Challenge, building,” informs Muller. “With a new coach and most senior FNB VarsitySports Cup, and Momentum National Club players moving to either Eastern Cricket Union or being called Championship. up to the Titans, we were faced with the opportunity to bring new talent through. A total of 9 players made their Senior Provincial debut. 22 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

“The decision was taken to back our young talent and grant them a chance to build into the pipeline as a next batch of semi- professional Titans. As with the likes of Corbin Bosch, Bafana Mahlangu, Migael Pretorius and Gregory Mahlokwana, in some way, this ensures a realistic continuity with the team as well.” DIFFERENTLY ABLED CRICKET The dialogue for differently abled cricket comes to the fore of cricket conversation more regularly than perhaps in previous seasons. The Northerns Cricket Union has, therefore, placed a marked focus on the coaching of the MID, SID, Blind, Deaf, and Disabled streams. “By this, we look to facilitate the development of junior clubs in the system not just from an administrative point of view but also through a more hands on approach with the intention of continued development.” GIRLS AND WOMEN’S CRICKET ' The Northerns Women have been magnificent and progressively moved up across the formats of cricket.' • 23 x Teams in the School League GIRLS & • 12 x Teams in the Club League WOMEN’S • Runner-up: combined first Cricket South Africa Women’s 50-over Competition CRICKET • Third place: Cricket South Africa Women’s 20-over Competition In summary of the role played by the Cricket Operations department within the Northerns Cricket Union, Muller reflects on the organisational structure. “We are one company. It is important from a Cricket Services perspective that we feed into all departments and further into Cricket South Africa.” And if that means sacrificing short-term glory for long-term gain, the Cricket Operations department are in it for the good, long haul. | 23

NCU ANNUAL AWARDS Senior Provincial Women Award winners Accompanied by Tabraiz Shamsi (Multiply Titans Player) Most promising Player of the Year: Paulina Mashishi Bowler of the Year: Player of the Year: Sune Luus Batsmen of the Year : Mignon du Preez* Unable to attend awards* Primary School 2017 League Winners Individual 2017 Provincial Award Winners Junior Club League Winners National Award Winners in their various categories Senior Club 2017/2018 League Winners with Dr. Jacques Faul (Chief Executive Officer) with John Wright (President) 24 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018 Disability Cricket Individual Award winners KFC Mini-Cricket Recognition Awards with Farhaan Behardien (Multiply Titans Player) with Rivaldo Moonsamy (Multiply Titans Player)

Senior Provincial Men Award Winners Most Improved Player of the Year: Luvuyo Nkese Batsmen of the Year: Thomas Kaber* Bowler of the Year: Migael Pretorius* Senior Men Player of the Year: Thomas Kaber* Unable to attend Awards* High School 2017 League Winners with Tabraiz Shamsi (Multiply Titans Player) Individual Premier/Promotion Monthly & Yearly Club Individual Club Career Achievement Awards Career Achievement Awards with Sollie Barnard (Vice President) Club of Excellence Scorers Award Winners with Dr. Ravi Govender (Member of the Board) with Tebogo Siko (Member of the Board) Umpire Award Winners Long Service Recognition Awards | 25 with Isaac Theledi (Member of the Board) with Damian Weidemann (Member of the Board)

NCU SCORERS' ASSOCIATION Ranked amongst the top three cricket scoring associations in South Africa for the seventh consecutive season, the scorekeeping arm of the Northerns Cricket Union casts a curious figure of a season: wherein much was accomplished still with much room for achievement. The club cricket season continued with the use of the WebSports electronic scoring application offering a portable means for administrators, players, family and friends to follow the action live. The proposed rollout of the application across the leagues (spanning youth and school games) has been welcomed by the Association. “There is an increased application to digital scoring but knowing the skill that goes into the linear method and the ability to understand the theory behind calculations will always mean that the manual scoring function cannot be rendered redundant.” Training courses were held in the both halves of the season but participating in cricket begs a unique demand of one’s time and resources that often goes unspoken. Without holding back, Erasmus is aware of how progressively challenging it has been for the Training and Transformation portfolios to recruit steadfast scorers. This is, perhaps, a commendation to the art of being a match official: an unwavering dedication to the sport that you pledge to serve. “We would like to develop a further squad of scorers to train in capacities that will fulfil the professional positions at SuperSport Park matches. An intensive refresher course will be held to kick-off the upcoming season during which the strategic direction of the Association will be considered with the input of our members,” reveals Erasmus. “Overall, this has been a good season. Scorers who were allocated to matches, tournaments and national weeks delivered on the high expectations of the Association to meet the high standard set by the Northerns Cricket Union. “The Cricket South Africa Scorers Conference held in June 2018 presented a clear criterion by which each Association is graded. These draw from the Incentive Scorecard anchors.” One usually looks to the leadership of any organization or associate body to understand the next steps it intends to take and this off-season, the Annual General Meeting of the Northerns Cricket Scorers Association will hold its election for a new crop of executive members. Erasmus looks forward to welcoming an Executive Committee full of fresh ideas and passion for the continued advancement of cricket scoring in the region. And with that, more accomplishments and achievements. 26 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

NCU UMPIRES' ASSOCIATION “The sudden loss of the Chairman of the Northerns Cricket Union Umpires Association, Pieter Roux, was a shock for the entire cricket fraternity in South Africa. Vice-Chairman of the Association, Nic Pretorius, insists that in the wake of this trying period, it would be Roux's legacy of years of fervent service to the arms of the Northerns Cricket Union that would keep the Association on a forward path. “We will continue to grow together. This is a time for us to take stock of where we are along with acknowledging the positives of the season,” says Pretorius. “On the field, it has been a superior season. The Association has 56 active members who have collectively stood more than 1,400 matches at a total estimate of 3,500 hours. One cannot enumerate each bit of banter or appeal that takes place on any given oval of play, but it is the crucial role of the umpire to ensure control of the match pursuant to the Laws of Cricket. With particular reference to Law 42 of the Laws of Cricket, Pretorius is satisfied that the Association will assume the Leagues Scorecard system for each match officiated. “We need to enforce the discipline standards for the clubs to adhere to. 'The Association boasts a number of members on the both the Cricket South Africa and International Cricket Council panels” which speaks to the practical competence of the match officials developed by the Union. Pretorius echoes the late Pieter Roux in reiterating that the Executive has dedicated tremendous time and resources to the training of umpires this season. “For the next season, we are striving to build on every part of umpiring, especially our goal to grow in areas that we can transform, particularly that of gender equity,” says Pretorius. “On behalf of the Northerns Cricket Union Umpires Association, we would like to acknowledge the Northerns Cricket Union for their support throughout the season.” | 27

Ideas for “A BRAND AND summer of cricket COMMUNICATION at SuperSport Park” fact sheet BRAND PROMOTION PARTNERSHIPS AND INFOGRAPHIC CORPORATE SOCIAL Through our marketing across traditional RESPONSIBILITY INTERNATIONALS and new media, the Titans brand The ninth edition of the continues to build on its promotion, 1 TEST MATCH creating heightened awareness, and Titans Ball in association with 2nd Sunfoil Test ultimately reaching new, diverse the FireFly Foundation was audiences. As a result, our sponsors and hosted in Fifty Shades of 2 ODIs partners have gained a sizeable return on Green. 2nd and 6th ODI investment, through the various 1 T20 plafrorms of exposure. ACTIVATION 2nd KFC T20 REACH VS AVG. VALUE FORCES TEST 2075 RUNS In honour of our peacekeepers, the 1051 TEST PRINT South African National Defence 237 2nd ODI 91 446 140 Force and the Standard Bank 410 6th ODI T20I 377 Proteas set out to defend our R110 033 003 national pride during the second 51 WICKETS DIGITAL Test against India, at SuperSport Park, 20 TEST 320 309 187 held from the 13-17 January 2018 11 2nd ODI R110 033 003 SANDF’s nest machinery and 12 6th ODI military activities were accessible 8 T20I TV for match-day goers along the grass 5 SELL-OUTS 269 774 523 embankments. RamSlam T20 Challenge Final R58 072 935 MARKETING Day 1 and 2 Test Match RADIO 2nd ODI T20 International 458 341 876 CONQUER R 8 115 514 CRICKET DOMESTIC DIGITAL MEDIA 12 Matches played at over The season’s campaign was released SuperSport Park during the RamSlam T20 Challenge 100 000 aimed at portraying the 5 RamSlam T20 Challenge 4 MODC Multiply Titans true to their Greek people follow the franchise Mythological origins, as the Sky 3 Sunfoil Series acrossits social media channels Blues went out on the eld with 1 Final one goal: to conquer the game of RamSlam T20 Challenge cricket. 2 Semi-Finals 47 979 The campaign was run out with a RamSlam T20 Challenge series of 30s clips, including Lungi MODC Ngidi, Aiden Markram and Chris 6 448 Runs Morris, shown in-stadia and across 1334 RamSlam T20 Challenge 12 200 all social media platforms. Social 1836 MODC media graphics supported th e 3278 Sunfoil Series movement, throughout the T20 182 Wickets 69 115 competition. 50 RamSlam T20 Challenge 52 MODC 80 Sunfoil Series 28 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

COMMERCIAL Pride exudes from the Commercial Manager, Pierre Joubert, Comprising of the franchise, stadium and amateur entities who runs a tight ship alongside Commercial Administrator, means that the business will always try to tick multiple boxes. Vena-Ann Newman. “Against our quality indicators, our growth Joubert has discovered the need to give medium-to-small size has been massive. I am proud of the funds that we have businesses (as with corporates) an avenue to realize that they generated and I am proud of the developing operating level of can interact with Titans and SuperSport Park. To this end, the the staff,” declares Joubert. commercial events aspect of the department takes effect here. In the ethos of teamwork, Joubert insists: “I cannot not have a Atop of the highlights for the commercial department is the relationship with any of the other departments. We are plugged aesthetic improvement of the Stadium and Grounds that serve into all divisions of the company.” to positively enhance the value of properties for commercial purpose. “We have had immense interest from corporates for On one hand, this means that the team must stand in advertising opportunity,” tells Joubert. anticipation of what the forthcoming season may present insofar as an extension of the current direction. But in the same Custodians to a budding hospitality offering with the A.B. De breadth, much work is to be done on the existing properties Villiers Suite and Executive Embankment Suite having been that are within the portfolio: big drawcards for the season, Joubert “has made a point of working on the communications to suite lessees and focusing on their food and beverage convenience.” The department has also enjoyed an 93% uptake of our suites in a time when the Momentum Outdoor+ Running Club economic climate makes it challenging to purchase at all. ' We continue to learn Titans Golf Day the ropes of hospitality kykNET Legendary Fun Day management and look to this as the commercial SuperSport Park Stadium Golf future.' Storage Festival of Running An area in which the Titans have enjoyed great strides, is in the distinctive Momentum Outdoor+ Running Club. “The Momentum eKasi Challenge club has currently registered approximately 140 members and approximately 35 members will be running in the 2018 Comrades Marathon.” Titans Bash Northerns Bash SUNBURST CHART PERIMETER BOARDS AB De Villiers Suite • Multiply • Douwe Egberts • Fain • Backsberg • Lazarus Ford • Willards Chips • Hirsch’s (National Brands Ltd.) • SuperSport • Fournos • Emperors Palace • Masuri • Aucor • Stor-Age • Debt Rescue • KykNet FASCIA PERIMETER BOARDS • Garmin • Bacher & Co • Castle Lager • Coca-Cola Beverages SA • Groot FM • BioGen • Weber | 29

STADIUM & GROUNDS We want to generate stadium solutions with a South African “Leading into the new year, the Test series was, once again, appeal. This was a season all about upgrades. As a cricket strengthened by the relationship enjoyed between the South venue, the stadium and grounds are the most valuable asset African National Defence Force who have been key in enhancing that we have.” the live cricket experience across the sweeping stadium banks.” ' Going into the 2017/2018 For SuperSport Park, there was a marked difference in the hype and media attention around this particular Test Match between season, the Stadium South Africa and India, which – in the end - turned out to be a closely fought contest with the right result, in favour of the Manager, Jabulani Proteas. Kubeka, and the Head “Both South Africa and India’s positions on the International Groundsman, Bryan Bloy, Cricket Council rankings presented a well poised Test match,” says Bloy. “But the Test match pitch was not the usual shared one common trait: SuperSport Park wicket. I know where and why this happened and, in hindsight, choose to mark it down to experience gained. their anticipation of the annum ahead.' “The demerit system implemented by the ICC aims to mitigate damage to grounds as well as to have all of the correct measures in place in order to ensure a better contest between two teams The season began with the traditional Sunfoil Series – a by bat and ball. There is no harm in this,” attests Bloy. competition that gives groundsmen the opportunity to prepare a pitch that ought to last for a series of 4 days. Considering the On the sidelines, Bloy continues to commercialise the skills record number of drawn matches in the past season, Bloy is and expertise of the grounds team throughout the financial particularly proud of the last Sunfoil Series wicket prepared at year. “Balance is important in targeting money and priming the SuperSport Park. best pitches. This season has undoubtedly gone better. Most recently, we have developed the Senior Provincial training The scenarios in which all six franchise teams entered the final pitches at Irene Country Club.” day of play across the country was closely parred. “It rained for the first two days of the last match but it also staged an exciting Kubeka is on mission to modernize the structures of SuperSport finish for the Multiply Titans with a result in what became a Park alongside the day-to-day operations of the facility. “We thrilling two-day game,” recalls Bloy. have made improvements to the changerooms, the swimming pool, the hospitality decks, and lux levels, to name a few. Moving on from the more-day format of cricket saw an action- Our partnership with the Blue Bulls Rugby Union lends us an packed Ram Slam T20 Challenge where the stadium and its opportunity to mutually exchange on stadium experience and stakeholders pulled off hosting a rather congested calendar of consider that which we would like to foster as our own. The matches, including two double-headers along with another sell- installation of the LED scoreboard has been a most attractive out Final for the victorious Multiply Titans. For this, the Stadium inception and it has injected a state-of-the-art showpiece to the Manager credits the team. stadium experience. We look forward to using this facility to its full capacity.” “The Venue Operations Centre are the unsung heroes of match day management, particularly in terms of what we have A budding portfolio that runs closely alongside Stadium and managed to achieve over the years.” Kubeka states. Grounds is that of Events – a strategic direction taken by the entities to leverage the venue for corporate and private entertainment purpose. CALENDAR MARCH 2018 APRIL 2018 MAY 2018 JUNE 2018 WEEK 1 01 Audit: Stadium Structural 01 Audit: Stadium Masts 01 Office Furniture: Main Office 15 Upgrade to lighing and roof: 15 Upgrade to design: WEEK 2 Stadium Workshop President Suite WEEK 3 20 Paint works: Indoor Centre 20 Audit: Aircondtioning 20 Deck: A.B. De Villiers Suite 31 Upgrade to office facility: 30 Upgrade to electrical unit: WEEK 4 30 Building plans Stadium and Grounds Stadium Substation 30 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

Executive and Events Manager, Nyiko Minyuku, shares on how “the multi-purpose vision of the company demands that we enter into the market levelling up beyond our norm. In other words, we need not only be able to deliver on the demands presented to us by clients and stakeholders, but we also need to refine our business model to upscale and diversify our offering. Modernity in any stadium facility begs for regular appraisal of the events venue model. We continue to learn and discover what we can make our own and what we can specialise in as SuperSport Park. We continue to explore aspects of the sports business as the process to progression. On their support staff, Kubeka and Bloy equally acknowledge the importance of team effort. “We have a lot of respect for the grounds staff who work tremendous hours with the utmost dedication and the maintenance officer who devotes a lot of energy an effort into his job. We deal with the various departments across the entities quite often and are constantly touching base with Cricket Operations and Commercial functions, which has proved to be a winning recipe. Communication and trust are principles to uphold, and the benefit of this is seen in our continuously improved collaborations.” | 31

EXECUTIVE REPORT Every season presents the opportunity to streamline the governance structures of the Northerns Cricket Union. By regularly reviewing the Terms of Reference and evaluating the role of the Chairman, the Board, the Chief Executive Officer and the various subcommittees, the entities acquire perspective and gain foresight into how the organisation can be progressively led. The Board strives to observe the King IV Governance principles. Issues considered pursuant to this relate to the six capitals framework to assure business value creation for the Northerns Cricket Union over time. FINANCIAL FINANCE AND RISK AUDIT MANUFACTURED PIPELINE AND CRICKET OPERATIONS INTELLECTUAL BOARD AND MEMBERS' COUNCIL INPUTS ACTIVITIES OUTPUT HUMAN HUMAN RESOURCES AND REMUNERATION SOCIAL AND RELATIONSHIP ETHICS AND TRANSFORMATION NATURAL STADIUM AND GROUNDS The Members’ Council of Northerns Cricket Union shall be the highest authority and shall exercise their powers as set out in the Constitution. The Board of Northerns Cricket Union is entitled to exercise the rights thereby granted by its Members’ Council, and as enshrined in the constitution of the Gauteng Cricket Council. The Board shall consist of ten members comprising of six Non-Independent members as nominated and elected by the Members’ Council and four Independent Members as nominated by the Independent Nominations Committee and ratified by the Council. MEETING ATTENDANCE MEMBERSHIP FINANCE HUMAN SOCIAL AND AUDIT CRICKET ANNUAL BOARD COUNCIL SPECIAL AND RESOURCES AND ETHICS AND RISK OPERATIONS INVESTMENT REMUNERATION (TRANSFORMATION) John Wright 1 / 1 6 / 6 3 / 3 1 / 1 Sollie Barnard 1 / 1 6 / 6 2 / 3 0 / 1 CHAIRMAN Dominic Storom 5 / 6 3 / 3 0 / 1 CHAIRMAN Ettie Claassen 5 / 6 3 / 3 1 / 1 CHAIRMAN Dr. Ravi Govender 1 / 1 5 / 6 1 / 3 0 / 1 CHAIRMAN Tasmeen Moosa 1 / 1 5 / 6 2 / 3 1 / 1 Steven Ratsatsi 1 / 1 3 / 6 0 / 3 0 / 1 CHAIRMAN Tebogo Siko 1 / 1 6 / 6 3 / 3 1 / 1 Isaac Theledi 1 / 1 5 / 6 3 / 3 1 / 1 Damian Weidemann 1 / 1 6 / 6 3 / 3 1 / 1 Management Committee Comprised of the President, Vice-President, Treasurer and Chief Executive Officer, the Management Committee meets on an ad-hoc basis to deliberate executive matters proposed for discussion, or recommendation. Board Committees To ensure the sustainability of the Union, the Board has established a series of Committees to assist it in fulfilling its governance responsibilities. The Chief Executive and nominated Senior Management personnel attend committee meetings in an ex-officio capacity. The respective Terms of Reference are reviewed annually to ensure that the subcommittee functions remain relevant to the operations of the Northerns Cricket Union. The Chairperson of the Committees shall always be an Independent Member of the Board (with the exception of Pipeline and Cricket related committees): 32 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

OBJECTIVES NAME Standing Committees Audit and Risk Committee The Board may, at its sole discretion, co-opt persons to serve in standing committees or working forums constituted to • Compliance with Laws and Regulations Ettie Claassen perform specific tasks only. The nature of the meetings will • External Audit Tasmeen Moosa • Financial Reporting Chicco Parbhoo dictate its needs and duration. Such co-opted persons shall not • Internal Controls be required to attend committee meetings unless required to • Risk Management Eugene Phasha report on progress or contribute to the discussion agenda in the Steven Ratsatsi spirit of the advancement of the business of the operational, OBJECTIVES NAME stadium and franchise entities: Cricket Operations Committee FRANCHISE FORUM Sollie Barnard • Code of Ethics Membership Representation • Employment Equity Tebogo Siko Craig Nel Mpumalanga Cricket Union • Preferential procurement Isaac Theledi Gary Corin Eastern Cricket Union • Promote and monitor ethical behaviour Damian Weidemann • Skills development and training Dr. Jacques Faul Northerns Cricket Union • Sustainability matters John Wright John Mogodi Limpopo Cricket Union Martelize van der Merwe Johan Muller Northerns Cricket Union Leonard Rajagapaul Eastern Cricket Union OBJECTIVES NAME Clayton Smith Limpopo Cricket Union Finance and Investment Committee Cassim Suliman Eastern Cricket Union • Capital Dominic Storom Jaco Visagie Mpumalanga Cricket Union • External financial reporting Sollie Barnard John Wright Northerns Cricket Union • Financial Policies • Internal financial reporting Tasmeen Moosa • Investment STADIUM COMMITTEE • Revenue management Kabelo Khaas Membership Representation • Taxation Matters Ian Reynolds Jabulani Kubeka Northerns Cricket Union OBJECTIVES NAME Bryan Bloy Northerns Cricket Union Human Resources and Remuneration Denzel Burgess City of Tshwane Committee Professor Rian Cloete Sports Law Centre • Annual Remuneration Steven Ratsatsi Professor Eugene Van Vuuren Consultant • Benchmarking methodology Riaan Versfeld One Sec Security • Board Members’ fees • Channel of communication Kabelo Khaas • Chief Executive Officer Remuneration Report: Cricket Operations Review Committee • Competitive reward strategies and programmes Tasmeen Moosa This Cricket Operations Review Committee was constituted by • Company’s overall policy on executive the Council of the Northerns Cricket Union to review all the and senior management remuneration cricket functionaries of its cricket structures. Nothing was off • Delegation Isaac Theledi bounds and nothing was left undiscussed. The committee had • Incentives • Internal and disclosure controls Damian Weidemann the opportunity to engage with clubs, HUBs, umpires, scorers, • Retention Schemes and finances and budgets of the Union. OBJECTIVES NAME The Chairman, Charles K. Smith, was appointed by the Board Audit and Risk Committee of Northerns Cricket Union to lead the report. Most of the discussions were centred in meeting format as well as focus • Formulate policies and plans to advance Dr. Ravi Govender strategic transformation goals groups. • Monitor the Member database to aid the Craig Hoyer design of transformation policies Whilst the report is not solely based on the majority views as • Advise and liaise with similar committees Marcia Letsoalo expressed by the committee members, it is also inclusive of at Member and Franchise level differing views that were raised. • Review, propose and monitor targets as Neil Rynners set out in the Eminent Persons Group • Forecasts and internal Barometer Tebogo Siko The Chairman of the Committee and the Board of Northerns • Ensure that the mandate of the Cricket Union would like to extend sincere thanks to the Employment Equity Act) is met Isaac Theledi committee members whose views and experience made this • Ensure that the mandate of the Broad-Based Black Economic Stuart Topham report possible and to all who play a role in making the sport Empowerment Act is met evolve. Damian Weidemann | 33

HONOURS NATIONAL REPRESENTATION | 2004-2018 TITANS CAPTAINS | 2004-2018 Men Four-Day Series Name Tests ODIs T20s Name Years Matches F Behardien 2013-2018 2012-2018 H Davids 2012-2017 42 GH Bodi 2007-2007 2007-2007 M van Jaarsveld 2005-2012 40 CJ Dala 2018-2018 P Joubert 2008-2010 19 H Davids 2013-2013 2012-2013 JA Rudolph 2009-2011 12 Z de Bruyn 2004-2004 DJ Cullinan 2004-2005 8 Q de Kock 2015-2018 2015-2018 2015-2017 F Behardien 2014-2018 5 M de Lange 2011-2012 2012-2016 2012-2015 H Klaasen 2017-2018 4 AB de Villiers 2004-2018 2005-2018 2006-2017 AK Markram 2017-2017 3 F du Plessis 2012-2018 2011-2018 2012-2017 D Elgar 2018-2018 2 D Elgar 2012-2018 2012-2015 AC Thomas 2007-2007 2 PL Harris 2007-2011 2008-2008 HG Kuhn 2012-2012 1 H Klaasen 2018-2018 2018-2018 JM Kemp 2005-2005 2005-2007 2005-2007 ONE-DAY CUP HG Kuhn 2017-2017 2009-2017 Name Years Matches AK Markram 2017-2018 2017-2018 P Joubert 2008-2010 33 JA Morkel 2009-2009 2005-2012 2005-2015 M van Jaarsveld 2005-2012 33 M Morkel 2006-2018 2007-2018 2007-2017 JA Morkel 2015-2017 27 CH Morris 2016-2017 2015-2018 2015-2018 H Davids 2013-2016 25 A Nel 2005-2008 2005-2008 2005-2007 DJ Cullinan 2004-2005 12 LT Ngidi 2018-2018 2018-2018 2017-2017 JA Rudolph 2009-2010 12 JA Rudolph 2004-2012 2004-2006 2006-2006 G Dros 2006-2006 10 T Shamsi 2016-2016 2016-2018 2017-2018 F Behardien 2013-2013 3 DW Steyn 2004-2018 2006-2016 2007-2016 H Klaasen 2018-2018 1 AC Thomas 2007-2007 RE van der Merwe 2009-2010 2009-2010 T20 CHALLENGE M van Jaarsveld 2004-2004 2004-2004 Name Years Matches D Wiese 2015-2016 2013-2016 JA Morkel 2015-2016 31 M van Jaarsveld 2006-2012 26 NATIONAL REPRESENTATION | 2000-2018 H Davids 2013-2014 24 Women P Joubert 2008-2010 17 DJ Cullinan 2004-2005 12 Name Tests ODIs T20s JA Rudolph 2010-2011 8 A Burger 1997-2000 DJG Sammy 2014-2014 7 C-Z Brits 2002-2007 2002-2013 2007-2013 H Klaasen 2018-2018 2 L de Beer 2005-2007 GH Bodi 2008-2008 1 M du Preez 2014-2014 2007-2018 2007-2018 G Dros 2004-2004 1 M Kapp 2010-2012 2010-2012 AC Thomas 2013-2013 1 O Kirsten 2016-2017 2016-2016 MM Letsoalo 2007-2014 2007-2017 2007-2016 CHRISTIE VLOK MEMORIAL AWARD S Luus 2012-2018 2012-2018 Afrika Dido 2018 L Olivier 1997-2000 Traci Meyer 2018 R Scheepers 2000 Wally Nel 2018 M Smook 2011-2011 Charles Kekana* A Steyn 2014-2018 2014-2014 Pieter Roux* H Strydom 2000-2004 Y van der Merwe 2002-2003 2000-2003 PREMIER LEAGUE C van der Westhuizen 2003-2003 2003-2009 2008-2010 Assupol TUKS 2017-2018 D van Niekerk 2009-2012 2009-2012 SUPERSPORT CLUB OF EXCELLENCE Assupol TUKS 2017-2018 OBITUARIES *Post-humous Milows Charlson Maseko Given Nkosi progressed through age-group cricket in the Born in Atteridgeville, Pretoria Northerns setup and served as a player for the Mamelodi Cricket 11 December 1992 - 13 September 2017 Club 1st XI as well as coach for the Mamelodi Cricket Club. Charles Maseko progressed through age-group cricket in the Northerns He held the role of coach at the Laudium Cricket Club in 2017. setup and served as a player for the Atteridgeville 1st XI and provincial age-group coach for the Northerns Under-11 and Under-12 as well as Pieter Anthonie Gordon Roux Under-13 teams as well. Born in Pretoria He held the role of coach at the Laudium Cricket Club in 2016. 30 April 1957 - 20 April 2018 Given Xolani Nkosi Pieter Roux served as Chairman of the Disciplinary Committee for Born in Mamelodi, Pretoria Northerns and drafted the official Constitution of the National 25 February 1994 - 13 September 2017 Umpires, used by Cricket South Africa for all Associations nationwide. He held the role of President of the Northerns Cricket Union Umpires Association from 2013. 34 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

FINANCIAL REPORT | 35

TREASURER'S REPORT ANNUAL GENERAL MEETING There are few experiences as memorable as being part of This is an area of responsibility that we take significant pride in a winning team. 2017/2018 has certainly provided that as we continue to diversity the supplier base that continues to memorable experience through stellar performances both on business with the Union. and off the field. It is therefore, with pride and pleasure that I provide a report on the financial statements for the year ending As Finance and Investment Committee Chair and Treasurer 30 April 2018. of the board, I wish to express my sincere gratitude to the member of the Northerns Cricket Union board, the Finance FINANCIAL RESULTS and Investment and the Audit and Risk committees, the Chief The “good times” have continued to visit the NCU in the Executive Officer as well as his stellar administrative support 2017/2018 financial year. The finance team has continued team for their exemplary commitment to good corporate to consolidate the gains made in the prior year through governance, sound financial management principles and their maintaining financial discipline, cost containment, strict commitment to producing their daily best for this Cricket Union. budgeting and innovative bargaining with suppliers and other To serve with you has truly been memorable. business partners. Yours sincerely The Northerns Cricket Union has realised a net gain of R120,189 for the year. Once again, the Cricket Union benefited from winnings in a number of categories in Cricket South Africa’s Incentive Scorecard ratings. Awards that further substantiate management’s commitment to administrative excellence and DOMINIC L. STOROM CA(SA) good financial practices. Treasurer 23 July 2018 A deep dive into the financial information will highlight the Union’s commitment to its mandate of protecting and developing cricket in its area of jurisdiction. This is evidenced by focus on cricket development which is reflected in youth and development cricket expenditure having increased by over 100% in the current year (compared to 2017). I am also pleased with the performance of the financial assets which have earned returns exceeding expectations (and exceeding the prior year) in a difficult market as a result of our slowing economy and international currency pressures. Returns earned through Titans Cricket (Pty) Ltd and its subsidiary Easterns Titans (Pty) Ltd (in which Northerns Cricket Union owns a 50% interest through a joint venture) have also contributed to the net profit realised by the Northerns Cricket Union. The joint venture realised a profit of R1,511,381 and a profit of R5,087,246 in the previous year. SOCIALLY RESPONSIBLE SPEND Transformation continues to be at the forefront of doing business in South Africa. As a committee, we recognise and are fully cognisant of the business landscape that continues to marginalise majority of the citizens of South Africa. We have therefore, through the transformation mandate provided to the board, sought to adjudicate and support management’s decisions in favour of supporting small and black businesses. 36 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

STATEMENT OF RESPONSIBILTY BY THE NORTHERNS CRICKET UNION BOARD FOR THE YEAR ENDED 30 APRIL 2018 The Northerns Cricket Union Board is responsible for the maintenance of adequate accounting records and the preparation and integrity of the financial statements and the related information. The auditors are responsible for expressing an opinion on the financial statements. The financial statements presented on pages 40 to 62 have been prepared in accordance with International Financial Reporting Standards (IFRS). The Northerns Cricket Union Board is responsible for the union's system of internal financial control. These are designed to provide reasonable, but not absolute, assurance as to the reliability of the financial statements, and to adequately safeguard, verify and maintain accountability of the assets, and to prevent and detect misstatements and loss. Nothing has come to the attention of the Board to indicate that any material breakdown in the functioning of these controls, procedures and system has occurred during the year under review. The financial statements have been prepared on the going concern basis, since the Northerns Cricket Union Board has every reason to believe that the union has adequate resources in place to continue in operation for the foreseeable future. The annual financial statements were approved by the Northerns Cricket Union Board on 23 July 2018 and are signed on its behalf by: JOHN WRIGHT President DOMINIC L. STOROM CA(SA) Treasurer | 37

INDEPENDENT AUDITOR'S REPORT To the Members of Northerns Cricket Union Our opinion Board of the Northerns Cricket Union and the Detailed Statement of Comprehensive Income. Other information does not include the In our opinion, the economic interest financial statements present financial statements and our auditor’s report thereon. fairly, in all material respects, the financial position of Northerns Cricket Union (the Union) as at 30 April 2018, and its financial Our opinion on the financial statements does not cover the other performance and cash flows for the year then ended in accordance information and we do not express an audit opinion or any form of with International Financial Reporting Standards. assurance conclusion thereon. What we have audited In connection with our audit of the financial statements, our responsibility is to read the other information identified above and, Northerns Cricket Union’s financial statements set out on pages 40 in doing so, consider whether the other information is materially to 58 comprise: inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. • the economic interest balance sheet as at 30 April 2018; • the economic interest statement of comprehensive income for If, based on the work we have performed, we conclude that there is the year then ended; a material misstatement of this other information, we are required to • the economic interest statement of changes in equity for the report that fact. We have nothing to report in this regard. year then ended; • the economic interest statement of cash flows for the year Responsibilities of the members of the board for the then ended; and financial statements • the notes to the economic interest financial statements, which include a summary of significant accounting policies. The members of the board are responsible for the preparation and fair presentation of the financial statements in accordance Basis for opinion with International Financial Reporting Standards, and for such internal control as the directors determine is necessary to enable We conducted our audit in accordance with International Standards the preparation of financial statements that are free from material on Auditing (ISAs). Our responsibilities under those standards are misstatement, whether due to fraud or error. further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. In preparing the financial statements, the members of the board are responsible for assessing the Union’s ability to continue as a going We believe that the audit evidence we have obtained is sufficient and concern, disclosing, as applicable, matters related to going concern appropriate to provide a basis for our opinion. and using the going concern basis of accounting unless the members of the board either intend to liquidate the Union or to cease Independence operations, or have no realistic alternative but to do so. We are independent of the Company in accordance with the Auditor’s responsibilities for the audit of the financial Independent Regulatory Board for Auditors Code of Professional statements Conduct for Registered Auditors (IRBA Code) and other independence requirements applicable to performing audits of financial statements Our objectives are to obtain reasonable assurance about whether the in South Africa. We have fulfilled our other ethical responsibilities in financial statements as a whole are free from material misstatement, accordance with the IRBA Code and in accordance with other ethical whether due to fraud or error, and to issue an auditor’s report requirements applicable to performing audits in South Africa. The that includes our opinion. Reasonable assurance is a high level IRBA Code is consistent with the International Ethics Standards Board of assurance, but is not a guarantee that an audit conducted in for Accountants Code of Ethics for Professional Accountants (Parts A accordance with ISAs will always detect a material misstatement and B). when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could Other information reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The members of the board are responsible for the other information. The other information comprises the information included in the Union’s Integrated Report, which includes the Statutory information page, Contents, Board of the NCU, Office Bearers, President’s statement, Chief Executive Officers report, Overview of operations, Honours, Treasurers report, Statement of Responsibility by the 38 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Union’s internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the members of the board. • Conclude on the appropriateness of the members of the board’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Union’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Union to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. PricewaterhouseCoopers Inc. Director: D Storm Registered Auditor Johannesburg 23 July 2018 | 39

NORTHERNS CRICKET UNION NORTHERNS CRICKET UNION ECONOMIC INTEREST BALANCE SHEET FOR THE YEAR ENDED 30 APRIL 2018 2017 2018 Restated* Notes R R ASSETS Non-current assets 18 183 798 17 444 138 Property and Equipment 6 439 201 475 232 Investments in Joint Venture 7 17 744 597 16 968 906 Current assets 36 409 852 35 118 458 Financial asset at fair value through profit and loss 8 28 709 605 26 892 954 Consumables 9 666 097 561 108 Trade and other receivables 10 6 144 519 6 346 195 Cash and cash equivalents 11 889 631 1 318 201 Total assets 54 593 650 52 562 596 EQUITY AND LIABILITIES Equity 46 179 730 46 059 541 Retained earnings 34 078 406 33 958 217 Non distributable reserves 12 101 324 12 101 324 Current liabili es 8 413 920 6 503 055 Trade and other payables 16 8 351 885 6 208 069 Provisions for other liabili es and charges 16 - 204 407 Club funds 5 62 035 90 578 Total equity and liabili es 54 593 650 52 562 596 * The amounts disclosed are a�er the restatement for the correc on of the error disclosed in note 17. 40 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

NORTHERNS CRICKET UNION NORTHERNS CRICKET UNION ECONOMIC INTEREST STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 APRIL 2018 2017 2018 Restated* Notes R R INCOME CSA contribu ons 13 216 718 13 129 612 - Club and school cricket grants 1 973 107 1 967 277 - Club championship 283 120 130 927 - Provincial team, central place centres, salaries and womens 9 775 640 9 887 723 - Semi professional grants 618 480 583 464 - Match official grants 260 156 293 254 - Mini cricket sponsorship 306 215 269 968 - Transforma on grant - (3 000) Tournament contribu ons and youth cricket income 4 181 896 4 978 564 Sponsorships 300 000 975 521 Lo ery Income - 302 501 Management fees and admin recoveries received from related en es 13 8 631 362 8 330 604 Dividend received 15 26 956 24 911 Opera ng income 26 356 932 27 741 713 EXPENDITURE Employee benefits, opera ng leases, deprecia on and other admin expenses 17 011 565 16 494 430 Affiliated bodies 789 496 797 739 Club expenses 1 601 700 1 924 576 Tournament expenses 1 471 145 944 914 Semi professional expenses (10 985) 19 135 Lo ery expenses 108 525 309 034 Youth and development cricket expenses - schools 1 133 383 468 438 - provincial 1 795 997 3 650 849 - club cricket 124 297 183 021 - mini cricket 406 406 308 027 - development 4 807 527 2 032 977 Total expenditure 29 239 056 27 133 141 Opera ng profit / (loss) (2 882 124) 608 573 Net financing income 4 409 971 441 806 Other gains - Fair value gain on investments 8 1 816 651 1 319 763 Share of profit of Joint Venture 7 775 691 2 543 623 Net profit for the year 120 189 4 913 765 * The amounts disclosed are a�er the restatement for the correc on of the error disclosed in note 17. | 41

NORTHERNS CRICKET UNION NORTHERNS CRICKET UNION ECONOMIC INTEREST STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 APRIL 2018 2017 2018 Restated* Notes R R RETAINED EARNINGS Restated retained earnings opening balance 33 958 217 29 044 453 Net profit for the year 120 189 4 913 764 At the end of the year 34 078 406 33 958 217 NON DISTRIBUTABLE RESERVE Opening balance 12 101 324 12 101 324 At the end of the year 12 101 324 12 101 324 A special resolu on was passed in the 2003 financial year, whereby funding was transferred to the NDR to provide for the future funding of cricket within the Northern Gauteng Region. The total carrying value of the investment at the date of the decision was transferred to Non-distributable reserve amoun ng to R12,1 million. The ini al capital investment of R10 million can only be u lized if a majority decision of 75% of the Board vote in favour of the decision. Opera onal expenses may be funded by 10% of the total investment value on a yearly basis with the understanding that the capital investment is not used. In line with this decision an investment was placed with Allan Gray Investment Managers (refer to note 8). * The amounts disclosed are a�er the restatement for the correc on of the error disclosed in note 17. 42 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

NORTHERNS CRICKET UNION NORTHERNS CRICKET UNION ECONOMIC INTEREST CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2018 2017 2018 Restated* Notes R R CASH FLOWS FROM OPERATING ACTIVITIES Cash generated from / (used in) opera ons 12 (678 482) (848 426) Interest paid 4 (28 096) (8 261) Interest received 4 438 066 450 068 Net cash generated from / (used in) opera ng ac vi es (268 512) (406 619) CASH FLOWS FROM INVESTING ACTIVITIES Addi ons to property and equipment (131 514) (72 464) Proceeds on disposal of property, plant and equipment - 8 425 Net cash (used in) investment ac vi es (131 514) (64 039) CASH FLOWS FROM FINANCING ACTIVITIES Increase / (decrease) in Club funds (28 544) (38 356) Net cash generated from / (used in) financing ac vi es (28 544) (38 356) Net increase / (decrease) in cash and cash equivalents (428 570) (509 014) Cash and cash equivalents at beginning of the year 11 1 318 201 1 827 215 Cash and cash equivalents at the end of the year 11 889 631 1 318 201 | 43

NORTHERNS CRICKET UNION NOTES TO THE ECONOMIC INTEREST ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the General Information financial statements, are disclosed in note 2. Northerns Cricket Union (‘NCU’ or ‘the Union’) is a non-profit organisation who’s main activity is the development of cricket. 1.2 Consolidation principles of joint venture Its joint venture company Titans Cricket (Pty) Ltd is a property management company and manages the SuperSport Park Stadium. (a) Associates and Joint Ventures Easterns Titans (Pty) Ltd is a 66.67% subsidiary of Titans Cricket A joint venture is a contractual arrangement whereby the Group (Pty) Ltd and manages the Titans professional cricket team. and other parties undertake an economic activity that is subject to joint control. That is, when the strategic financial and operating The principal accounting policies applied in the preparation of these policy decisions relating to the activity require the unanimous economic interest financial statements are set out below. These consent of the parties sharing control. Where these contractual policies have been consistently applied to all the years presented, arrangements are conducted through separate entities, be they unless otherwise stated. corporations, partnerships or other entities, they are referred to as jointly controlled entities and are accounted for by the Group using 1.1 Basis of preparation the equity method. The investment is carried in the balance sheet position at cost as adjusted for post acquisition changes in the The economic interest financial statements have been prepared Group’s share of the net assets of the entity less any impairment in accordance with the framework concepts and the recognition in the value of individual investments. The carrying value includes and measurement criteria of International Financial Reporting goodwill (net of any accumulated impairment loss) identified on Standards ('IFRS') as issued by the International Accounting acquisition. The Group’s share of the jointly controlled entity’s Standards Board ('IASB'), the SAICA Financial Reporting Guides post acquisition profits or losses is recognised in the statement as issued by the Accounting Practices Committee and Financial of comprehensive income. Should the Group’s share of losses in a Reporting Pronouncements as issued by the Financial Reporting jointly controlled entity equal or exceed its carrying value, including Standards Council, and the Companies Act of South Africa and have any other unsecured receivables, the Group does not recognise been prepared under the historical cost conversion, as modified further losses, unless it has incurred obligations or made payments by the revaluation to fair value of certain financial instruments as on behalf of the entity. described in the accounting policies below. Unrealised gains on transactions between the group and its 'Economic interest financial statements applies to companies that associates and joint ventures are eliminated to the extent of the do not have investments in subsidiaries, but have investments in group’s interest in the entities. Unrealised losses are also eliminated joint ventures and/or associates. This structure is not considered a unless the transaction provides evidence of an impairment of group as defined under IFRS. the asset transferred. Accounting policies of associates and joint ventures have been changed where necessary to ensure Where this situation arises in practice: consistency with the policies adopted by the group. • Companies will prepare “economic interest” financial statements: 1.3 Property and equipment a) Proportionately consolidate or equity account for investments in joint ventures Land and buildings comprise mainly of leasehold improvements. b) Equity account for investments in associates All other property and equipment is stated at historical cost less • Not consolidated financial statements because the company is depreciation. Historical cost includes expenditure that is directly not a parent entity' attributable to the acquisition of the items. The term IFRS includes International Financial Reporting 'Subsequent costs are included in the asset’s carrying amount Standards ('IFRS'), International Accounting Standards ('IAS') and or recognised as a separate asset, as appropriate, only when it is interpretations issued by the International Financial Reporting probable that future economic benefits associated with the item Interpretations Committee ('IFRIC') or the former Standing will flow to the group and the cost of the item can be measured Interpretations Committee ('SIC'). The standards referred to are set reliably. The carrying amount of the replaced part is derecognised. by the International Accounting Standards Board ('IASB'). All other repairs and maintenance are charged to the statement of comprehensive income during the financial period in which they The preparation of financial statements in conformity with IFRS are incurred.' requires the use of certain critical accounting estimates. It also requires management to exercise judgement in the process of Library and memorabilia are stated at cost and are not depreciated. applying the group's accounting policies. Actual results could differ Land is not depreciated. Depreciation on other assets are from those estimates. calculated on a straight line method to allocate their cost or re- valued amounts to their residual value over their estimated useful life as follows: 44 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

NORTHERNS CRICKET UNION NOTES TO THE ECONOMIC INTEREST ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018 Sports equipment 5 years 1.7.2 Provisions Office equipment 3 - 10 years Provisions are recognised when there is a present obligation, Motor Vehicles 5 - 6 years whether legal or constructive, as a result of a past event for which Leasehold improvements 5 years it is probable that a transfer of economic benefits will be required to settle the obligation and a reliable estimate can be made of The assets' residual values and useful lives are reviewed, and the amount of the obligation. Such provisions are calculated on adjusted if appropriate, at each balance sheet date. a discounted basis where the effect is material to the original undiscounted provision. The carrying amount of the provision The asset's carrying amount is written down immediately to its increases in each period to reflect the passage of time and the recoverable amount if the asset's carrying amount is greater than unwinding of the discount and the movement is recognised in the the estimated recoverable amount. income statement within finance costs. Gains and losses on disposals are determined by comparing 1.7.3 Fund Accounts proceeds with carrying amounts and are recognised within other Certain funds are received from the CSA, lottery and other income in the income statement. institutions which are utilised for specific projects and tournaments on a year to year basis. These funds are utilized and the excess funds 1.4 Inventories are carried over and shown as funding accounts. Refer accounting policy 1.11. Inventories are stated at the lower of cost and net realisable value. Cost is determined by the first-in, first-out (FIFO) method. Net 1.7.4 Club Funds realisable value is the estimate of the selling price in the ordinary Club funds are recognised in the balance sheet (Refer note 5) course of business, less the costs of selling expenses. whereby legacy funds are distributed to clubs for operational and capital expenditure upon authorisation. The club funds carry 1.5 Trade receivables interest at call rates less 1% and no fixed terms of repayment has been set. 'Trade receivables are amounts due from customers for services performed in the ordinary course of business. If collection is 1.7.5 Borrowings expected in one year or less (or in the normal operating cycle of Borrowings are recognised initially at fair value, net of transaction the business if longer), they are classified as current assets. If not, costs incurred. Borrowings are subsequently stated at amortised they are presented as non-current assets. Trade receivables are cost; any difference between the proceeds (net of transaction recognised initially at fair value and subsequently measured at costs) and the redemption value is recognised in the statement of amortised cost using the effective interest method, less provision comprehensive income over the period of the borrowings using the for impairment.' effective interest method. When a trade receivable is uncollectible, it is written off against the Borrowings are classified as current liabilities unless the group has provision for impairment account for trade receivables. Subsequent an unconditional right to defer settlement of the liability for at least recoveries of amounts previously written off are credited against 12 months after the balance sheet date. administrative expenses in the statement of comprehensive income. 1.8 Employee benefits 1.6 Cash and cash equivalents a) Bonus plans The Group recognises a liability and an expense for bonuses based Cash and cash equivalents includes cash in hand, deposits held at on a formula that takes into consideration performance of staff. The call with banks, other short-term highly liquid investments with Group recognises a provision where contractually obliged or where original maturities of three months or less, and bank overdrafts. there is a past practice that has created a constructive obligation. Bank overdrafts are shown within borrowing in current liabilities on the balance sheet. b) Leave entitlement 1.7 Trade payables, provisions and other liabilities Employee entitlements to annual leave are recognised when they accrue to employees. An accrual is made for the estimated 1.7.1 Trade Payables liability to the employees for annual leave up to the balance sheet Trade payables are recognised initially at fair value and date. This liability is included in “Trade and other payables” in the subsequently measured at amortised cost using the effective balance sheet. interest method. | 45

NORTHERNS CRICKET UNION NOTES TO THE ECONOMIC INTEREST ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018 1.9 Financial assets unlisted securities), the group establishes fair value by using valuation techniques. These include the use of recent arm’s length 1.9.1 Classification transactions, reference to other instruments that are substantially The Group classifies its financial assets in the following categories: the same, discounted cash flow analysis, and option pricing models at fair value through profit or loss and loans and receivables. The making maximum use of market inputs and relying as little as classification depends on the purpose for which the financial assets possible on entity-specific input. were acquired. Management determines the classification of its financial assets at initial recognition. 1.9.3. Impairment of financial assets 'The group assesses at the end of each reporting period whether 1.9.1.1 Loans and receivables there is objective evidence that a financial asset or group of 'Loans and receivables are non-derivative financial assets with financial assets is impaired. A financial asset or a group of financial fixed or determinable payments that are not quoted in an active assets is impaired and impairment losses are incurred only if market. They are included in current assets, except for maturities there is objective evidence of impairment as a result of one or greater than 12 months after the end of the reporting period. more events that occurred after the initial recognition of the asset These are classified as non-current assets. The group’s loans and (a ‘loss event’) and that loss event (or events) has an impact on receivables comprise ‘trade and other receivables’ and ‘cash and the estimated future cash flows of the financial asset or group cash equivalents’ in the balance sheet.' of financial assets that can be reliably estimated. The group first assesses whether objective evidence of impairment exists. 1.9.1.2 Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss are financial For loans and receivables category, the amount of the loss is assets held for trading or if the investment is designated as such measured as the difference between the asset’s carrying amount on initial recognition. Derivatives are also categorised as held and the present value of estimated future cash flows (excluding for trading unless they are designated as hedges. Assets in this future credit losses that have not been incurred) discounted category are classified as current assets if expected to be settled at the financial asset’s original effective interest rate. The within 12 months; otherwise, they are classified as non-current carrying amount of the asset is reduced and the amount of the loss is recognised in the statement of comprehensive income. 1.9.2. Recognition and measurement If, in a subsequent period, the amount of the impairment loss Regular purchases and sales of financial assets are recognised on decreases and the decrease can be related objectively to an the trade-date – the date on which the group commits to purchase event occurring after the impairment was recognised (such as or sell the asset. Investments are initially recognised at fair value an improvement in the debtor’s credit rating), the reversal of plus transaction costs for all financial assets not carried at fair value the previously recognised impairment loss is recognised in the through profit or loss. Financial assets carried at fair value through statement of comprehensive income.' profit or loss are initially recognised at fair value and transaction costs are expensed in the statement of comprehensive income. 1.10 Revenue recognition Financial assets are derecognised when the rights to receive cash flows from the investments have expired or have been transferred Revenue comprises the fair value of the consideration received or and the group has transferred substantially all risks and rewards receivable in the ordinary course of the Group’s activities. Revenue of ownership. Financial assets at fair value through profit or loss is shown net of value-added tax, returns, rebates and discounts and are subsequently carried at fair value. Loans and receivables are after eliminating sales within the Group. carried at amortised cost using the effective interest method. The Group recognises revenue when the amount of revenue can be 'Gains or losses arising from changes in the fair value of the ‘financial reliably measured, it is probable that future economic benefits will assets at fair value through profit or loss’ category are presented flow to the entity and specific criteria have been met for each of the in the statement of comprehensive income within ‘other (losses)/ Group’s activities as described below. gains – net’, in the period in which they arise. Dividend income from financial assets at fair value through profit or loss is recognised in The amount of revenue is not considered to be reliably measurable the statement of comprehensive income as part of other income until all contingencies relating to the sale have been resolved. when the Group’s right to receive payments is established. The Group bases its estimates on historical results, taking into Changes in the fair value of monetary and non-monetary consideration the type of customer, the type of transaction and the securities classified as available for sale are recognised in other specifics of each arrangement. comprehensive income.' Revenue comprises grants and sponsorships received The fair values of quoted investments are based on current bid prices. If the market for a financial asset is not active (and for 46 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

NORTHERNS CRICKET UNION NOTES TO THE ECONOMIC INTEREST ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018 Grants Deferred income tax is provided on temporary differences arising Grants from government, lotto and other donors are recognised at on investments in subsidiaries and associates, except where the their fair value where there is a reasonable assurance that will be timing of the reversal of the temporary difference is controlled by received and the group will comply with all attached conditions. the group and it is probable that the temporary difference will not Grants relating to service costs are deferred and recognised in the reverse in the foreseeable future. statement of comprehensive income over the period necessary to match them with the costs that they are intended to compensate. 2 FINANCIAL RISK MANAGEMENT Grants relating to property and equipment are included in non- current liabilities. Cost incurred on related assets are deducted from 2.1 Financial risk factors this liability with no impact on the statement of comprehensive income as these assets are not owned by the group. The group’s activities expose it to a variety of financial risks: market risk (including fair value interest rate risk, cash flow interest rate Sponsorships risk and price risk), credit risk and liquidity risk. The group’s overall Sponsorships received are recognised in the accounting period risk management programme focuses on the unpredictability of to which it relates to. financial markets and seeks to minimise potential adverse effects on the group’s financial performance. Interest Income Interest income is recognised in profit and loss using the effective Risk management is carried out by management under policies interest method. approved by the Executive Committee. Management identifies, evaluates and hedges financial risks in close co-operation with the group’s operating units. The board provides written Dividend Income principles for overall risk management, as well as written Dividend income is recognised when the right to receive payment policies covering specific areas, such as foreign exchange risk, is established. interest rate risk, credit risk, use of derivative financial instruments and non-derivative financial instruments, and investment of excess 1.11 Current and deferred income tax liquidity. The current income tax charge of the related parties are calculated (a) Market risk on the basis of the tax laws enacted or substantively enacted at (i) Foreign exchange risk the balance sheet date in the countries where the company’s he group does not operate internationally and is therefore not subsidiaries and associates operate and generate taxable income. exposed to foreign exchange risk arising from various currency Management periodically evaluates positions taken in tax returns exposures. with respect to situations in which applicable tax regulation is subject to interpretation and establishes provisions where (ii) Price risk appropriate on the basis of amounts expected to be paid to the tax The group is exposed to equity securities price risk because of authorities investments held by the group and classified on the balance sheet as fair value through profit or loss. The group is not Deferred income tax is provided in full, using the liability method, exposed to commodity price risk. To manage its price risk on temporary differences arising between the tax bases of arising from investments in equity securities, the group will assets and liabilities and their carrying amounts in the financial in future diversify its portfolio. Note 8 of the annual financial statements. However, the deferred income tax is not accounted statements summarises the impact of the groups investments. for if it arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of iii) Cash flow and fair value interest rate risk the transaction affects neither accounting nor taxable profit or loss. As the group has no significant interest-bearing assets, the group’s income and operating cash flows are substantially independent of Deferred income tax is determined using tax rates (and laws) changes in market interest rates. that have been enacted or substantially enacted by the balance sheet date and are expected to apply when the related deferred Interest rate risk arises from overdraft facilities. Borrowings issued income tax asset is realised or the deferred income tax liability is at variable rates expose the entity to cash flow interest rate risk. settled. Borrowings at fixed rates expose the entity to fair value interest rate risk. NCU’s policy is to maintain 100% of its borrowings in variable Deferred income tax assets are recognised to the extent that it is rate instruments. The longterm borrowings of the Joint Venture is probable that future taxable profit will be available against which reflected in note 7. the temporary differences can be utilised | 47

NORTHERNS CRICKET UNION NOTES TO THE ECONOMIC INTEREST ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018 (b) Credit risk Total capital is calculated as ‘equity’ as shown in the balance sheet 'Credit risk arises from cash and cash equivalents and plus net debt. deposits with banks and financial institutions, as well as credit exposures to customers, including outstanding receivables and 2.3 Fair value estimation committed transactions. For banks and financial institutions, only independently rated parties with a minimum rating of The carrying value less impairment provision of trade receivables are ‘A’ are accepted. Risk control assesses the credit quality of assumed to approximate their fair values. The fair value of financial the customer, taking into account its financial position, past liabilities for disclosure purposes is estimated by discounting the experience and other factors. Individual risk limits are set future contractual cash flows at the current market interest rate from time to time based on internal or external ratings in that is available to the group for similar financial instruments. accordance with limits set by the board. The utilisation of credit limits is regularly monitored. Sales to retail customers are settled in The group categorises fair value measurements into levels 1 to 3 cash or using major credit cards.' of the fair value hierarchy based on the degree to which the inputs used in measuring fair value are observable: Financial assets exposed to credit risk at year end were as follows: - Level 1 fair value measurements are those derived from quoted 2018 2017 prices (unadjusted) in active markets for identical assets or Trade and other receivables 6 137 269 6 222 154 liabilities. Cash and cash equivalents 887 631 1 316 201 - Level 2 fair value measurements are those derived from (c) Liquidity risk inputs other than quoted prices included within level 1 that are Prudent liquidity risk management implies maintaining sufficient observable for the asset or liability, either directly (that is, as prices) cash and marketable securities, the availability of funding or indirectly (that is, derived from prices) through an adequate amount of committed credit facilities and the ability to close out market positions. Due to the - Level 3 fair value measurements are those derived from valuation dynamic nature of the underlying businesses, group treasury techniques that include inputs for the asset or liability that are not maintains flexibility in funding by maintaining availability under based on observable market data (unobservable inputs). committed credit lines. 3 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENT Management monitors rolling forecasts of the group’s liquidity reserve (comprises undrawn borrowing facility and cash and cash Estimates and judgments are continually evaluated and are based equivalents on the basis of expected cash flow.) on historical experience and other factors, including expectations of future events that are believed to be reasonable under the The following are the contractual maturities of financial circumstances. liabilities: At 30 April 2018 Less than 1 year 3.1 Critical accounting estimates and assumptions Trade and other payables 8 351 885 Provisions for other liabilities and charges - The group makes estimates and assumptions concerning the Club funds 62 034 future. The resulting accounting estimates will, by definition, seldom equal the related actual results. There are no estimates At 30 April 2017 Less than 1 year and assumptions that have a significant risk of causing a Trade and other payables 6 208 069 material adjustment to the carrying amounts of assets and Provisions for other liabilities and charges 204 407 liabilities within the next financial year. Club funds 90 578 3.2 Critical judgements in applying entity's accounting policy 2.2 Capital risk management (a) Investment in Joint Venture and subsidiary. No deferred tax asset The group’s objectives when managing capital are to safeguard the is recognised in the results of the joint venture as management is of group’s ability to continue as a going concern in order to provide the opinion that based on the current financial situation the asset returns for members and benefits for other stakeholders and to will not be utilised. maintain an optimal equity structure. The group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non-current borrowings’ as shown in the consolidated balance sheet) less cash and cash equivalents. 48 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018

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NORTHERNS CRICKET UNION NORTHERNS CRICKET UNION NOTES TO THE ECONOMIC INTEREST ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018 2018 2017 Notes R R 4. NET FINANCE COSTS Interest Expense Clubs (4 768) (6 318) Bank (23 328) (726) Related par es 13 - (1 218) (28 096) (8 261) Finance income Bank and call accounts 30 256 Related par es 13 438 037 449 812 Net finance income 409 971 441 806 5. CLUB FUNDS Centurion Kavaliers Cricket Club - (3 480) 36 336 Club con ngency fund 17 744 Hammanskraal Cricket Club 1 399 2 088 PHSOB Cricket Club - 10 682 - Police Cricket Club 11 243 Sinoville Cricket Club 4 484 4 260 Tshwane Metro Cricket Club 9 835 21 259 8 TUT Cricket Club 9 19 423 Willowquins Cricket Club 17 321 62 035 90 578 The club funds carry interest at call interest rates less 1% and no fixed terms of repayment has been set. 50 | NORTHERNS CRICKET UNION INTEGRATED REPORT 2017|2018