Operational review
 

Bidvest Corporate
Provides strategic direction, financial, risk and sustainability management, marketing, investor relations, corporate communications, corporate finance, houses investments
and provides executive training to the Group. Investments in Bidsport and Bidvest
Wits Football Club and Ontime Automotive. The corporate centre adds value by
identifying opportunities and implementing Bidvest’s decentralised entrepreneurial business model.

     
 
Bidvest Corporate
 
R0,4 billion
Revenue 38,9% decrease
 
R205,9 million
Trading profit 160,1% increase
 
Revenue
(Divisional contribution %)
  Trading profit
(Divisional contribution %)
 
 
Environment
Represented by: The End of Life Vehicles Directive. The ELV aims to reduce the amount of waste produced from vehicles when they are scrapped. Ontime Automotive disposed of 4 200 tonnes of vehicle scrap at an ELV authorised depollution site.
 
     
 
Highlights
  • Ontime’s continuing businesses return to profit
  • Seven-fold growth in property portfolio’s value over seven years
  • R314,0 million in direct business value from World Cup contracts across the Group
  • Namibian team joins Academy intake
  • Rallying cry “We refuse to participate in recession” sets tone for year
  • Independent recognition for high reporting and communication standards
  • Houses and manages investment across the Group
 
     
 
Financial indicators
(for the year ended June 30) 
2010  
R’m  
2009   
R’m   
Revenue 444,0   727,0   
Trading profit 205,8   79,1   
Operating assets 2 605,9   2 471,0   
Operating liabilities 155,9   180,7   
Depreciation 32,2   61,6   
Amortisation and impairments of intangible assets  2,5   2,7   
Goodwill and intangible assets  3,0   8,4   
     
Sustainable development indicator overview      
Employees 557   6104   
Total training spend incurred at Corporate (R’000) 5 900   403(1)
Employees attending HIV/Aids training (%) 5,0   4,3   
Lost-time injury frequency rate 13,3   16,6   
Work-related fatalities (number) –   –   
BEE procurement (R’000) 1 618 776   786 971   
CSI spend (R’000) 12 228   4 806   
Enterprise development spend (R’000) 10 737   5 879   
Total water usage (litres ’000) 325   481(1)
Total electricity usage (kWh ’000) 2 233   1 727   
Petrol (litres) 19 055   11 807(1)
Diesel (litres) 4547 767   7 053 994   
Total carbon emissions (tonnes) 14 227   21 365   
Carbon emissions per employee (tonnes)  25,5   35,0   
 
 
(1) Restated
 
     
  QUICK LINK: Historic divisional sustainable development data