Abbreviations

The following abbreviations are used in the financial statements
Company names
Clover Beverages Limited: Clover Beverages
Clover Botswana (Pty) Limited (incorporated in Botswana): Clover Botswana
Clover Capital (Pty) Limited: Clover Capital
Clover Fonterra Ingredients (Pty) Limited: CFI/Clover Fonterra
Clover Industries Limited: CIL
Clover Industries Limited and subsidiaries: The Group/Clover
Clover Manhattan (Pty) Limited: Clover Manhattan
Clover Manhattan Unincorporated
Joint Venture:
Clover Manhattan J.V.
Clover S.A. (Pty) Limited: Clover SA
Clover Swaziland (Pty) Limited (incorporated in Swaziland): Clover Swaziland
Danone Southern Africa (Pty) Limited (formerly Danone Clover (Pty) Limited): Danone Clover/Danone SA
Fonterra Limited: Fonterra
The Real Juice Company (Pty) Limited: RJC/RBC
Clover West Africa Limited: Clover West Africa
Other
Branded consumer goods: BCG
Broad-based black economic empowerment: BBBEE
Capital gains tax: CGT
Depreciated replacement cost: DRC
International Accounting Standards: IAS
International Financial Reporting Standards: IFRS
Johannesburg Stock Exchange: JSE
Margin on material: MOM
Net current replacement cost: NCRC
Nomination Committee: Nomco
Property, plant and equipment: PP&E
Rand Merchant Bank: RMB
Remuneration Committee: Remco
Share appreciation rights: SAR