Delivery against group measures

Group scorecard

		Medium term target		F2011 actual		F2011 target		F2010 actual		F2010 target		F2009 actual
	People
	Employee turnover (permanent employees) – %	10		6		< 9		9		10		14
	Employee satisfaction rating – %	> 70		67.0		> 70		65.9		> 70		64
	% of employees trained per annum – %	50		49		50		43		65		61
	Average training spend per employee	R2 600		R2 601		R2 500		R2 132		R3 000		R2 690
	Construction Charter BBBEE score – %	> 80		86		> 75		79		70		79
	Disabling injury frequency rate (DIFR) – employees	–		0.36		–		0.33		–		0.39
	OHSAS 18001:2007 certification across group – %	100		73		100		75		100		85
	Planet
	Electricity usage per employee	–(1)		11.30 MWh(3)		–(1)		7.20 MWh(4)		–(1)		–(2)
	Carbon footprint per employee	–(1)		21 tonnes CO2e		–(1)		13 tonnes CO2e		–(1)		–(2)
	Environmental incidents	0		0		0		0		0		0
	ISO 14001:2004 certification across group – %	100		77		100		71		100		13
	Performance
	Revenue per employee – R'000	Increase		767		Increase		907		Increase		861
	Net (loss)/profit for the year per employee – R'000	Increase		(13)		Increase		25		Increase		38
	Geographical diversification (revenue from over-border operations) – %	40		25		> 33		20		> 33		37
	Secured order book (construction budget secured in order book at start of financial year) – %	70 of budget		58		75 of budget		75		66 of budget		80
	Return on shareholders’ equity before impairment adjustment – %	15 – 20		11,8		25 medium term		21,8		25 medium term		23,5
	Fully diluted headline earning per share (decline)/growth – %	return to growth		(43,9)		10% – 15% growth per annum		10		±20 growth per annum		27,6
	Product diversification – (total operating profit from non-construction business) – %	33		3,7		33		20,7		33		28,1
	Net gearing – % <	< 33 of equity		–		< 33 of equity		–		< 33 of equity		–
	Cash (utilised)/generated from operations – R million	cash generative		(482)		cash generative		1 191		cash generative		1 810
	Total operating margin – %	5 medium term		5,4		6 – 8 medium term		7,7		6 – 8 medium term		6,6

The group’s information for the Carbon Disclosure Project (CDP) is submitted by 31 May each year. The information therefore lags our financial years by a year. F2009 data was restated due to errors identified during preparation of the F2010 footprint.

Even against market pressures, the percentage of employees trained increased.

The group continued with its trend of no environmental incidents.

Against extremely tough markets we focused on limiting margin erosion on contracts and preserving cash.

Economic value added F2011(1)   F2010(1)     Sustainability indicator %   (R’000)   %   (R’000)     Revenue     10 514 660       12 364 077     Less: purchased cost of goods and services     (7 763 387)       (9 445 719)     Value added 98.2   2 751 273   99.5   2 918 358     Other income 1.8   49 665   0.5   14 879     Wealth created 100   2 800 938   100   2 933 237     Employees 72.5   2 032 859   57.3   1 680 303     Providers of equity 4.3   121 008   4.4   128 610     Providers of funding (0.6)   (18 361)   (1.0)   (27 871)     Government 33.1   928 270   32.2   945 026     Funding of discontinued operations 0.6   17 214   0.8   22 102     Reinvested in the group (9.9)   (280 052)   6.3   185 067     Wealth distribution 100   2 800 938   100   2 933 237     Number of employees     11 997       12 497     Wealth created per employee (R)     233 470       234 715     Weighted average number of shares     96 114       95 378     Wealth created per share (R)     29,14       30,75   (1) Value added statement depicting distribution to government, including all taxes.