2017 - Agri Resources

2017 AGRI RESOURCES ANNUAL REPORT

AGRI RESOURCES CONTENT

01

STRATEGIC REPORT

5 Who we Are 7 At a Glance 8 International Presence 10 Strategy 12 Business Model 14 Sustainable Business 16 Our Operations 22 Business Performance 24 Outlook 26 Risks & Uncertainties

02 CONSOLIDATED FINANCIAL STATEMENTS

29 Consolidated statement of profit or loss 30 Consolidated statement of other comprehensive income 31 Consolidated statement of financial position 32 Consolidated statement of cash flows 33 Consolidated statement of changes in equity 34 Notes to the financial statements 57 Signing of the financial statements

03 OTHER INFORMATION

58

04 INDEPENDENT AUDITOR'S REPORT

61

AGRI RESOURCES GROUP ANNUAL REPORT 2017 . 3

01 AGRI RESOURCES STRATEGIC REPORT

Who we Are At a Glance International Presence Strategy Business Model Sustainable Business Our Operations Business Performance Outlook Risks & Uncertainties

4 . AGRI RESOURCES GROUP ANNUAL REPORT 2017

01

AGRI RESOURCES WHO WE ARE

Agri Resources is an international company headquartered in Luxemburg which focuses on the cultivation of crops, vanilla and spices in Africa. We manage agricultural activities at all stages of the supply chain producing our own products which we process and deliver to domestic and international markets. We work with local teams to develop quality products from sustainable harvests. Our production spans a portfolio of products including crops, vanilla and spices. We build on local knowledge and our international experience to create efficient operations and effective routes to market. Agri Resources forms part of Monaco Resources Group, an international natural resources company with a diversified asset base that spans agriculture, metals and minerals, energy, finance and logistics.

AGRI RESOURCES GROUP ANNUAL REPORT 2017 . 5

STRATEGIC REPORT

AGRI RESOURCES KEY DATA

REVENUES 9.5 M

GROSS PROFIT 2 M

OPERATING PROFIT 0.5 M

EQUITY 117 M

EBITDA 0.5 M

6 . AGRI RESOURCES GROUP ANNUAL REPORT 2017

01

AGRI RESOURCES

AT A GLANCE

STRATEGIC REPORT

+ 90,000 ha of LANDS

+ 225 EMPLOYEES

5 COUNTRIES

Agri Resources business aims on farming, processing, packing and delivering high quality products to local and international markets.

Our business is organised within two divisions: Crops and Vanilla & Spices.

CROPS

VANILLA & SPICES

AGRI RESOURCES GROUP Sub-Saharan Africa : Ghana, Republic of Congo, Republic of Guinea

+90,000 ha Lands

AGRI RESOURCES MADAGASCAR Madagascar

+130 ha Lands

Processing & Storage facilities

AGRI RESOURCES GROUP ANNUAL REPORT 2017 . 7

AGRI RESOURCES INTERNATIONAL PRESENCE

Agri Resources owns lands strategically located in Africa.

01

5 COUNTRIES

STRATEGIC REPORT

LOCATIONS

Ghana Luxembourg Madagascar Republic of Congo Republic of Guinea

8 . AGRI RESOURCES GROUP ANNUAL REPORT 2017

AGRI RESOURCES GROUP ANNUAL REPORT 2017 . 9

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