GPW_AR_2013_Final_v10.pdf

125 year anniversary

PERFORMANCE REPORT

&VERGL ½RERGI

Deviation from planned

Actual achievement 2012/13

Strategic objectives

Actual achievement 2011/12

Planned target 2012/13

Comment on deviations

target to actual achievement for 2012/13

R692,919m R-value of revenue 16.5% operating cost as percentage of revenue

R830,685m R-value of revenue 24.6% operating cost as percentage of revenue 27% gross pro ½ t margin

R929,154m R-value of revenue

Target exceeded

17.4%

Target exceeded

34.26% gross pro ½ t margin

21.7%

Target percentage not achieved as the product mix has changed signi ½ cantly.

More printing was done via the contract printing division than anticipated.

88 days debtor collection period

60 days debtor collection period

88 days

Target not achieved

Target not achieved as a substantial project done for Department of Basic Education was only invoiced during the last month of the ½ nancial year.

R-value of procurement: HDI 31% Non HDI 69%

R-value of procurement: HDI 20% Non HDI 80%

HDI 31% Non HDI 69%

Target achieved

3.88 inventory turn over ratio Supply chain management framework and policy revised. Await input from National Treasury R17,850m investment in additional production assets

2.5 inventory turn over ratio 100% revised draft SCM framework and policy

5.6 inventory turn over ratio SCM framework and policy revised. Await input from National Treasury

Target achieved

Target not achieved

No feedback received from National Treasury.The GPW will consult experts in the ½ eld of SCM and ½ nalise the framework and policy after receiving input The focus of procurement was shifted to the implementation of the smartcard (national identity document). Due to the high pro ½ le and risk of the smartcard project, resources were dedicated to ensure timeous completion of this project The much higher than anticipated return on capital investment can be attributed to the lower investment in capital.

R343,085m investment in additional production assets

R19,427m

Target not achieved

51% return on capital investment

14% return on capital investment

30%

Target achieved

88