Zimplow : 2021 Annual Report

2021 ANNUAL

REPORT

FOR FURTHER DETAILS ON THIS REPORT

ONLINE

You can find this report, previous reports and more information about Zimplow Holdings Limited online at www.zimplow.co.zw.

Our Annual Report along with other relevant documents can be downloaded at http://www.zimplow.co.zw/ investor.

NAVIGATION

For easy navigation and cross-referencing, we have included the following icons within this report: Our Capitals and Strategic Objectives to make referencing between our report suite easier. With this report we also include additional information relating to online topics.

Information available elsewhere in this report.

Information available on our website.

Contents

01

Company Overview

1. Scope of the Report

1. Business Profile

1. Our journey

1. Our Corporate Structure
2. Where We Operate
3. Individual Business Awards

02

Our Business Units

1. Farmec

1. Powermec

1. Mealie Brand
2. CT Bolts

1. Scanlink

1. Trentyre
2. Manica Road Investments

1. Birmingham Investments

1. Barzem

03

Corporate Governance

16 Statement from the Chairman

1. Corporate Governance Statement
2. Board of Directors

1. Group Executive Committee

1. Brands
2. Board Committee Membership
3. Subsidiary Board Structure

04

Sustainability Reporting

1. Sustainability Reporting

1. Stakeholders Engagement
2. Value Creation

1. Value Added Statement

05

Financial Review

1. Director's Responsibility Statement
2. Report of the Directors
3. Independent Auditor's Report

48 Financial Statements

06

Corporate and

Shareholder's Information

101 Shareholder Analysis

103 Notice of An Annual General Meeting

104 Proxy Form

Zimplow Holdings Limited Annual Report 2021

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Company Overview

Introduction

Scope of the Report

This Annual Report covers the financial year from 1 January 2021 to 31 December 2021 and is prepared for Zimplow Holdings Limited (Zimplow) and its subsidiaries, together the 'Group'. Its prepared in accordance with Zimbabwe Stock Exchange (ZSE) guidelines. The ZSE reporting cycle is bi-annual with the most recent Half Year reporting ending 30 June 2021 (Reviewed) and final Year-end Report published in April 2021.

OUR VISION

What we aspire to do:

To be the supplier of choice for quality and innovative equipment solutions.

OUR MISSION

What we believe:

To provide agricultural, logistics and automotive,mining and infrastructural engineering solutions through internationally acclaimed brands.

OUR VALUES

How we do it:

Respect

We respect people for who they are.

Excellence

We deliver quality in our service, react quickly and positively in our interaction with our stakeholders.

Integrity

We act honestly and ethically.

Teamwork

We trust, support and motivate each other.

We are pleased to present the Annual Report of Zimplow Holdings Limited, a Company listed on the ZSE for the year ended 31 December 2021. The Report is targeted at the Company 's stakeholders and is presented in line with the recommendations of the best practice on Corporate Governance. This Report aims to integrate sustainability matters with financial information and has been prepared following guidelines from the Global Reporting Initiatives (GRI). In addition, Zimplow complied with International Financial Reporting Standards (IFRS) except for IAS 21 and IAS 8 as noted in the statement of compliance on page 47. An Independent Auditor's Report on the financial statements is contained on page 44 to 47.

This Annual Report is the responsibility of the Company 's Directors. The Report outlines the goal of the Group towards sustainable business values, therefore it covers those material aspects of the Company 's environmental, social and governance activities together with the operational and financial performance of the business. The Report also covers the approach taken to address those social, economic, environmental and governance issues which not only have a material impact on the long-term success of the business but are also important to key stakeholders.

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Company Overview

Forward-Looking

Statements

Certain statements in this report constitute 'forward statements'. Such statements involve known and unknown uncertainties and other factors that may cause the actual performances, objectives or achievements of Zimplow Limited to be materially different from future results, objectives or achievements expressed or implied in looking statements. The performance of Zimplow Holdings

is subject to effects of changes in the operating environment other factors. Zimplow Holdings Limited undertakes no

to update publicly or to release any revision of these looking statements to reflect the events or circumstances date of publication of these pages or to reflect the unanticipated events.

This Annual Report is also available on the Company 's at www.zimplow.co.zw. We would welcome your feedback reporting and any suggestions you have in terms of would like to see incorporated in our report. To do so, contact: Philbert Chipangura at pchipangura@zimplow. call [phone].

Business Profile

For more than three quarters of a century Zimbabwe's have been tilling the soil with Zimplow's products. We contributing to the national agricultural output, development and mineral wealth extraction. Our machinery equipment can be seen in action at most of Zimbabwe's construction sites fields, plantations and estates. We are the largest distributors of agricultural, infrastructure and equipment in the country.

Zimplow serves a whole range of customers - from agricultural corporations through to the smallest farmer requiring tillage equipment. From the most earthmoving equipment for mines, construction and firms, through to the tiniest bolt that keeps it all together, we At Zimplow we offer premium quality agricultural,

and mining products, but most importantly, support and to all those we do business with. The Group is now firmly in the key sectors of the economy serving agriculture, infrastructural development. Zimplow Holdings is developing ways which will best exploit potential synergies enhance value for all stakeholders.

Zimplow is committed to honour its vision by offering premium quality equipment and power generation Zimplow is also well-positioned to serve and supply its with a footprint stamped firmly in major cities and towns country. We are action oriented and offer cutting edge

to our customers, providing convenience and value. We service equipment well, in such a way that aids the

our customers. We provide innovative production solutions maximize output, at the same time setting our customers from their competitors. We are here for our customers tomorrow and the future. Zimplow is serious about quality

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