GPW_AR_2013_Final_v10.pdf

125 year anniversary

PERFORMANCE REPORT

Strategy to overcome areas of under-performance The only area of unsatisfactory performance is with the approval and implementation of the GPW special remuneration dispensation. The approval falls outside the GPW’s authority but all actions within the control of the GPW will be completed to contribute towards achieving the target. Although various actions were taken and preparatory work completed to support and enable decision making on approval of a special remuneration dispensation, a decision to form a task team and conduct additional research and benchmarking studies to complete the task team report was taken very late in the ½ nancial year .The unit will ensure required tasks are performed diligently.

Changes to planned targets The only changes were to split annual targets into quarterly targets and bi-annual targets to enable in-year monitoring.

7YQQEV] SJ ½RERGMEP MRJSVQEXMSR The information in the table below demonstrates the improved overall ½ nancial performance since the proclamation of the GPW as a government component on the 9th of October 2009.

2013

2012

2011

2010

2009

Revenue

929,154

692,919

753,443

639,035

487,074

Cost of sales +VSWW TVS½X Other income

(727,430)

(455,548)

(473,799)

(497,025)

(403,771)

201,724

237,371

279,644

142,010

83,303 28,341

69,613

68,769

63,427

60,248

Operating expenses 3TIVEXMRK TVS½X Interest received 4VS½X JSV XLI ]IEV

(161,977)

(114,358)

(128,257)

(109,278)

(100,668)

109,360

191,782

214,814

92,980

10,976

2

4,260

109,362

191,782

214,814

92,980

15,236

98