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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
Clover Dairy (Namibia) (Pty) Limited: Clover Namibia
Clover Waters (Pty) Limited: Clover Waters
   
 The following abbreviations are used in the financial statements  
 Other  
Branded Consumer Goods: BCG
Broad-based Black Economic Empowerment: BBBEE
Capital Gains Tax: CGT
Department of Trade and Industry: DTI
Depreciated Replacement Cost: DRC
Essentials of Management and Leadership EML
Further Education and Training FET
Further Education and Training Certificate FETC
Good Manufacturing Practices GMP
Hazard Analysis Critical Control Points HACCP
International Accounting Standards: IAS
International Organisation for Standardisation ISO
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
Quality Council for Trade and Occupations QCTO
Rand Merchant Bank: RMB
Remuneration Committee: Remco
Share appreciation rights: SAR
Supplier Ethical Data Exchange SEDEX