Annual Financial Statements

celebrating 20 years Abbreviations

AGI Aspen Global Incorporated, a subsidiary incorporated in Mauritius
Alphamed Alphamed Formulations Private Limited
Annual Financial Statements The Group and Company Annual Financial Statements for the year ended 30 June 2018
API Active pharmaceutical ingredient
A&R Co Audit & Risk Committee
ARV Anti-retroviral
Aspen and/or Group Aspen Pharmacare Holdings Limited and/or its subsidiaries as set out in note 25 to the Company financial statements, as the context demands
Aspen Holdings or the Company Aspen Pharmacare Holdings Limited
Aspen API Aspen API Incorporated, a wholly owned subsidiary of AGI incorporated in the United States
Aspen Australia Aspen Australia comprises Aspen Asia Pacific (Pty) Limited (a wholly owned subsidiary of AGI) and its subsidiaries, including Aspen Pharmacare Australia (Pty) Limited, Aspen Pharma (Pty) Limited, Orphan Holdings (Pty) Limited, Orphan Australia (Pty) Limited, Aspen Lennon (Pty) Limited and Aspen Products (Pty) Limited
Aspen Bad Oldesloe Aspen Bad Oldesloe GmbH, a wholly owned subsidiary incorporated in Germany
Aspen Brazil Aspen Pharma – Indústria Farmacêutica Limitada, a wholly owned subsidiary of PharmaLatina Holdings incorporated in Brazil
Aspen Finance Aspen Finance (Pty) Limited
Aspen France Aspen France SAS
Aspen Healthcare Aspen Healthcare FZ LLC
Aspen Health Aspen Health LLC
Aspen Ireland Aspen Pharma Ireland Limited
Aspen Japan Aspen Japan KK, a wholly owned subsidiary of AGI incorporated in Japan
Aspen Mexico Aspen Mexico comprises Aspen Labs S.A. de C.V, Aspen Pharma Mexicana S. de R.L. C.V, Solara S.A. de C.V., Aspen Servicios S. de R.L. de C.V., PN North America S. de R.L. de C.V., Wyeth Ilaclari S. de R.L. de C.V., Wyeth S. de R.L. de C.V., Marcas WN S.A. de C.V.
Aspen Nigeria Aspen Pharmacare Nigeria Limited, a subsidiary incorporated in Nigeria
Aspen Nutritionals Australia Aspen Nutritionals Australia Pty Limited
Aspen Oss Aspen Oss B.V., a subsidiary incorporated in the Netherlands
Aspen Venezuela Aspen Venezuela C.A. and Aspen Venezuela S.A.
AstraZeneca AstraZeneca AB and AstraZeneca UK
BBBEE Broad-Based Black Economic Empowerment
BBBEE Codes The Department of Trade and Industry’s BBBEE Codes of Good Practice
Beta Beta Healthcare International Limited
CAGR Compound annual growth rate
CDP Carbon disclosure project
CER Constant exchange rate
CHP Combined heat and power
CIS The Commonwealth of Independent States, comprising Russia and the former Soviet Republics
Classic brands A portfolio of 25 established prescription-branded products acquired from GSK
DIFR Disabling incident frequency ratio
EBITDA Normalised EBITDA comprises operating profit before depreciation and amortisation adjusted for specific non-trading items defined in accounting policies of the Group’s Annual Financial Statements
ERM Environmental Resources Management (Pty) Limited
ESG Environmental, social and governance practices
EU European Union
FCC Cape Town Fine Chemicals Corporation (Pty) Limited
FDF Finished dose form
Global brands Branded products owned by Aspen Global and distributed into multiple territories
GMP Good Manufacturing Practice
GRI Global Reporting Initiative
GSK GlaxoSmithKline Plc
HEPS Headline earnings per share
HCP Healthcare professional
HIT Heparin induced thrombocytopenia
HPC Hydroxyprogesterone Caproate
IFRS International Financial Reporting Standards
IMS IMS Health (Pty) Limited, a leading provider of healthcare and pharmaceutical market intelligence
Internal Audit The Aspen Group Internal Audit function
IP Intellectual property
ISO The International Organisation for Standardisation
ISO 14001 International standard for environmental management systems
JSE JSE Limited, licensed as an exchange under the Security Services Act, No 36 of 2004
King IV King Report on Corporate GovernanceTM for South Africa 2016
KPAs Key performance areas
KPIs Key performance indicators
LWDFR Lost work day frequency ratio
Mandela Day The Nelson Mandela International Day
MENA Middle East and North Africa
MSD Merck Sharpe & Dohme
NCD Non-communicable diseases
NHEPS Normalised headline earnings per share
Notre Dame de Bondeville Aspen Notre Dame de Bondeville S.A.S. a wholly owned subsidiary incorporated in France
NZNM New Zealand New Milk Limited
OECD Organisation for Economic Cooperation and Development
OHSAS 18001 International standard for occupational health and safety management
OTC Over the counter
Pharmacare Pharmacare Limited
PHEF The South African Public Healthcare Enhancement Fund
PPE Property, plant and equipment
PwC PricewaterhouseCoopers Incorporated
R&N Co Remuneration & Nomination Committee
S&E Co Social & Ethics Committee
SED Socio-economic development
SEP Single exit pricing
SHE Safety, health and environment
Shelys Shelys Pharmaceuticals International Limited, incorporated in Tanzania
SKU Stock keeping unit
SSA Sub-Saharan Africa
Supplementary Documents The Unabridged Corporate Governance Report including the reports of the A&R and S&E Committees, the Sustainability Data Supplement and the Annual Financial Statements
The SSA Collaboration The GSK Aspen Healthcare for Africa Collaboration
The Companies Act The South African Companies Act, No 71 of 2008
UN Global Compact United Nations Global Compact
US FDA United States Food and Drug Administration
WHO World Health Organisation
USA United States of America
AUD Australian Dollar
EUR Euro
GBP British Pound
R/ZAR South African Rand
USD United States Dollar