Operational review Bidvest Electrical

  • Market share maintained in difficult market conditions
  • National representation and broad stock availability maintained while rationalising structures
  • New computer system implemented in wholesale business
  • Leaner structure and dedicated electrical focus a catalyst for closer integration with Versalec
  • Voltex wins empowerment award

A leading manufacturer and distributor of electrical products and services.

 

Stanley Green
Chief executive

 

Revenue

R4,1 billion

3,1% increase

Trading profit

R181,8 million

6,2% decrease

 

 

 

Financial indicators
(for the year ended June 30)
2011
R’m
2010
R’m
Revenue 4 100,4 3 978,3
Trading profit 181,8 193,9
Operating assets 1 744,5 1 588,4
Operating liabilities 742,9 775,4
Depreciation 15,3 15,1
Amortisation and impairments of intangible assets 2,7 0,7
Goodwill and intangible assets 76,0 53,2
Sustainable development indicator overview    
Employees 2 184 2 181
Total training spend (R’000) 10 158 40 585
Training spend per employee (R) 4 651 18 608
Employees attending HIV/Aids training (%) 9,2 3,3
Lost-time injury frequency rate 3,7 1,2
Work-related fatalities (number) 1 –
CSI spend (R’000) 161 341
Total water usage (litres ’000) 63 296 67 240
Total electricity usage (including electricity from renewable sources) (kWh ’000) 6 109 6 278
Petrol (litres) 1 684 624 1 550 786
Diesel and biofuel (litres) 1 738 664 1 615 255
Total carbon emissions (tonnes) 14 890 14 418
Carbon emissions per employee (tonnes) 6,8 6,6

 

QUICK LINK: Operational report and historic sustainable development data

Material issues

  • Challenges of operating in recessionary economic conditions
  • Changes in nationwide policies, including government pledges to reduce carbon emissions and Eskom energy-efficiency rebates
  • Skills development
  • Succession planning
  • Educating customers and staff on sustainability