Bid Industrial and Commercial Products

 

Highlights

  Businesses strongly cash generative and debtors’ management improves
  ERP system implementation promises more effective administration and logistics  
  Increasing focus on Voltex private brands in drive to combat cheap imports
  Specialist in paper-based information management systems acquired as core
of new Waltons filing division  
  Remaining 24% stake purchased in cable distributor Versalec
  Research shows Waltons is country’s best-known brand  
  Kolok achieves exceptional growth  
  New product lines in development for new era of costly electricity

 

    Myron Berzack, chief executive
  Myron Berzack, chief executive

  Financial indicators
(for the year ended June 30) 		 2009  
R'm  		 2008  
R'm  		 %  
change  
  Revenue   9 290,9   9 403,0   (1,2) 
  Trading profit   592,7   790,1   (25,0) 
  Operating profit   594,2   788,6   (24,7) 
  Operating assets   3 179,2   3 683,7   (13,7) 
  Operating liabilities   1 324,4   1 520,8   (12,9) 
  Depreciation   71,3   64,1   11,2  
  Amortisation and impairments of intangible assets   24,5   25,4   3,5  
  Goodwill and intangible assets   88,6   80,7   9,8  
         
         
  Sustainable development indicator overview   2009   2008   2007  
  Employees   7 428   7 536   7 569  
  Total training spend (R’000)  11 927   12 931   18 710  
  Training spend per employee (R)  1 605   1 716   2 472  
  Employees attending HIV/Aids training (%)  20,6   24,5   37,2  
  Lost time injury frequency rate   9,23   17,6   10,1  
  Work-related fatalities (number)  0   2   1  
  BEE procurement (R’000)  6 535 413   2 956 234   2 344 960  
  CSI spend (R’000)  3 008   6 152   3 672  
  Enterprise development spend (R’000)  1 483   3 868   *  
  Total water usage (litres ’000)  134 736   146 723   34 227  
  Total electricity usage (kWh ’000)  29 035   33 796   12 256  
  Petrol (litres)  4 794 263   4 017 638   2 093 081  
  Diesel (litres)  3 876 020   3 544 257   2 877 654  
  Total carbon emissions (tonnes)  51 013   55 379   *  
  Carbon emissions per employee (tonnes)  6,9   7,3   *  

*Information not collated, not relevant or not entirely reliable
The prior year numbers include subsidiaries that are now part of Bidvest Namibia. The numbers have not been restated as the impact is not significant


Strategic positioning

The common positioning of all businesses in a diverse division is one of quality, value, needs anticipation and ready availability of products and services across a broad national footprint.

Sustainable development

Our employment equity plans show commitment and progress. However, skills development scores remain below target. Our companies are responding to the need for management training, with special focus on high potential managers below the age of 40. Practical, job-related training is coming to the fore to ensure trainees feel immediate benefit in their working lives while simultaneously delivering tangible benefits to their operations.

The campaign to register suppliers for procurement rating purposes is ongoing.

Our businesses are OHASA-compliant. Health and safety officers are present at every site and report key performance indicators to health and safety committees at branch, company and divisional level.

Implementation of a new enterprise resource planning system promises more effective administration and logistics.

Sustainable office furniture manufacturing is gaining momentum at Seating, CN Business Furniture and Waltons. Waltons’ suppliers have integrated ISO 9001/2000 quality management, ISO 14001 environmental management and ISO 18001 health and safety management systems.

Seating’s chairs are 95% recyclable. No glues and resins are used during assembly and no toxic emissions occur. To reduce shipping costs, products are assembled at the closest point of sale while storage efficiencies have reduced weights by 25%.

CN Business Furniture launched South Africa’s first green desk, using board that meets the highest European environmental standards.

Voltex plans to promote energy saving/replacement through numerous new technology solutions. Additional sustainability information is available on the Bidvest website.

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