GPW_AR_2013_Final_v10.pdf

&VERGL ½RERGI

Deviation from planned

Actual achievement 2012/13

Comment on deviations

Performance indicator

Actual achievement 2011/12

Planned target 2012/13

target to actual achievement for 2012/13

Clean audit report

Unquali ½ ed audit opinion was received for the 2010/11 ½ nancial year. 2011/12 audit is still in the process of being completed and will be reported on in the second quarter of 2012 During the 2009/2010 external audit, 10 ½ ndings related to non-compliance of ½ nancial related policies. During the 2010/2011 audit this increased to 13, resulting in a 30% increase in ½ ndings. No internal audit ½ ndings related to ½ nancial related policies reported. New target

Maintain unquali ½ ed audit opinion

Maintained unquali ½ ed audit opinion for 2012

Target achieved

-

Client satisfaction index on ½ nancial management Reduction in audit ½ ndings (internal and external audit) on non-compliance to ½ nancial related policies

50%

80%

Target exceeded

5% reduction in audit ½ ndings

7.6 % reductions based on 2011 Audit Report

Target exceeded -

Turnaround times (days) in monthly and quarterly ½ nancial management and performance reports

12 days

10 days turnaround times in monthly and quarterly ½ nancial management and performance reports

10 days ½ nancial management reports

Target achieved for ½ nancial reports but not for performance reports

Performance reports were submitted within the range of between 32 to 35 days after quarter end. Monitoring will be enhanced

> 30 days for performance reports 30 days performance reports

R-value of revenue R692,919m

R830,685m

R929,154m

Target exceeded

Operating cost as percentage of revenue

16.5%

24.6%

17.4%

Target exceeded

89

GPW ANNUAL REPORT 2012 | 2013