can be actively and accurately measured. These objectives are translated into
specific financial and operational targets as well as selected non-financial
targets.
|
|
|
|
Actual |
Actual |
||
12-months to |
12-months to |
||
31 December |
31 December |
||
| Financial targets | Target |
2004 |
2003 |
| • Return on equity (ROE) (%) | 161 |
13 |
12 |
| • Return on capital employed (ROCE) (%) | 131 |
17 |
12 |
| • Ebitda interest cover (times) | >6 |
8 |
6 |
| Operational targets | |||
| • Business improvement programme | R800 million |
538 initiatives |
Cost increases |
| consisting of revenue-enhancement | contribution |
implemented |
below inflation |
| and cost-saving initiatives | to net |
to the value |
|
operating |
of R400 |
||
profit from |
million |
||
the 2006 |
|||
financial year |
|||
| Non-financial targets | |||
| • Safety | |||
| – number of fatalities | 0 |
2 |
4 |
| – lost-day injury frequency rate | |||
| (per million manhours worked) | 1,75 |
2,54 |
2,10 |
| • Safety, health and environmental | |||
| certification (number) | 10 |
8 |
2 |
| • Employment equity | |||
| – management (2008) (%) | 40 |
28 |
20 |
| – women (2008) (%) | 10 |
12 |
10 |
| • HIV/Aids voluntary testing and | |||
| counselling at pilot sites (2006) (%) | 95 |
40 |
|
| • Human resources development | |||
| (% of payroll) | 6 |
5,7 |
5,7 |