Proplastics : June 05, 20232022 Annual Report

	P R O P L A S T I C S L I M I T E D | 2 0 2 2 A N N U A L R E P O R T
	Contents
	Company Prole	2
	Proplastics Unique Proposition	3
	Group Financial Highlights	4 - 5
	Ratios and Statistics	6
	Chairman's Statement	7 - 8
	Corporate Governance, Directorate and Executive Committees	9 -13
	Sustainability Report	15
	Report of the Directors	16 -17
	Report of the Independent Auditors to the Shareholders of Proplastics Limited	18 - 22
	Consolidated Statement of Financial Position	24
	Consolidated Statement of Prot or Loss and Other Comprehensive Income	25
	Consolidated Statement of Changes in Equity	26
	Consolidated Statement of Cash Flows	27
	Company Statement of Financial Position	28
	Company Statement of Prot or Loss and Other Comprehensive Income	29
	Company Statement of Changes in Equity	30
	Company Statement of Cash Flows	31
	Consolidated and Separate Financial Statements Accounting Policies	32 - 47
	Notes to the Consolidated and Separate Financial Statements	48 - 86
	Shareholder Analysis - Consolidated (Top 20)	87
	Shareholder Analysis - Company Statistics	88 - 89
	Notice to Shareholders	90
	Proxy form	91
	Instructions for Signing and Lodging of Form of Proxy	92

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P R O P L A S T I C S L I M I T E D | 2 0 2 2 A N N U A L R E P O R T

Company Prole

Name of Company:	Proplastics Limited
Address:	5 Spurn Road
	Ardbennie
	P.O. Box CY 1199
	Causeway
	Harare
	Zimbabwe
Telephone:	+ 263 773 894 561/2
Cell:	[phone]
E-mail:	[e-mail]
Web:	www.proplastics.co.zw
Description of Company:	Manufacturer of Polyvinyl
	Chloride (PVC); High- Density
	Polyethylene (HDPE); Low
	Density Polyethylene (LDPE)
	Pipes and related ttings
Company Established:	1965
Chief Executive Ocer:	Kudakwashe Leo Chigiya
E-mail:	[e-mail]

Proplastics Limited Inimitable Oering

Proplastics Limited (formerly Murray & Roberts and Masimba Industries (Private) Limited), is the only Zimbabwean plastic pipes and ttings manufacturer listed on the Zimbabwe Stock Exchange.

Proplastics Limited is Zimbabwe's leading plastic pipe manufacturer, specialising in the production of Polyvinyl Chloride (PVC), High- Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE) pipes and related ttings. The pipes are manufactured for various

applications in irrigation, water and sewer reticulation, mining, telecommunications and building construction.

Proplastics Limited was established in 1965, Proplastics has over 50 years of experience in manufacturing complete range of plastic pipes and ttings in Zimbabwe with a signicant market share in the SADC region.

Proplastics pipes and ttings are easy to install and are adapted to

1. variety of conditions encountered during use. Our products are corrosion- resistant, light in weight, have zero failure rates, are energy ecient which ensures long-term performance.

We request that in your next project ''You should invest in pipe material of choice, invest in Pipe Systems That Last; invest in Proplastics PVC and HDPE pipes and ttings.''

Please watch out for cheap imitations and products made from recycled materials and always insist on a minimum of 50 years performance guarantee on your next purchase remember ''Cheap Always Cost a Fold.''

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P R O P L A S T I C S L I M I T E D | 2 0 2 2 A N N U A L R E P O R T

Proplastics Unique Proposition

Proplastics Cause	Top of Client's Mind.
Proplastics Vision	Unrivalled Leadership in Plastic Piping Systems.
Proplastics Mission	To deliver World Class Plastic Piping Systems.
What makes us unique	Game Changing Capabilities.
Scope of the Game	Plastic Piping Systems.
Our Brand Expression	Pipe Systems that Last.
Our Strategic Focus Areas	Value | Growth | Innovation | Risk.
Our Behaviours	Learning | Caring | Performance Driven | Excellence | Team Proplastics.
Our Values	Integrity | Respect | Leadership | Communication | Teamwork.

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