Operational review

Operational review
 

Bidvest Namibia
Bidvest Namibia is the holding company for Bidvest’s interests in Namibia, which include fishing and similar commercial businesses to those of Bidvest in South Africa.

     
 
Bidvest Namibia
 
 
R1,9 billion
Revenue 20,6% increase
 
R367,9 million
Trading profit 25,0% increase
 
Revenue
(Divisional contribution %)		   Trading profit
(Divisional contribution %)
 
 
Resource management
Represented by: Improved fishing methods at Namsov. Many fishing methods, particularly bottom trawling, inflict serious collateral damage on the environment through damage to coral and sea bed. Collateral damage is minimised at Namsov through targeted mid-water trawling and gear restrictions designed to avoid excessive harvesting of juveniles. Gear losses are minimal and by-catch remains around 1% of total catches, still among the best percentages internationally.
 
     
 
Highlights
  • Successful listing on the Namibian Stock Exchange (NSX)
  • Credibility enhanced with investment community as prospectus forecasts are achieved
  • NAD600 million available for possible acquisitions
  • Biggest ever investment in Namibian fishing industry
  • NAD21 million spent on land for Caterplus expansion
  • Successful Ovanhu empowerment transaction concluded
  • Namsov Community Trust invests R3,2 million in local projects
  • Horse mackerel and pilchard populations recovering and quotas increasing
  
     
 
Financial indicators
(for the year ended June 30) 		 2010  
R’m  		 2009   
R’m   
Revenue 1 949,2   1 616,4   
Trading profit 367,9   294,3   
Operating assets 1 012,1   459,8   
Operating liabilities  399,6   343,3   
Depreciation 39,3   30,2   
Amortisation and impairments of intangible assets  8,4   5,8   
Goodwill and intangible assets 111,4   121,0  
     
Sustainable development indicator overview      
Employees 2 574   1 998   
Total training spend (R’000) 2 168   2 597   
Training spend per employee (R) 842   1 300   
Employees attending HIV/Aids training (%) 34,3   6,5  
Lost-time injury frequency rate 16,3   9,7   
Work-related fatalities (number) –   –   
CSI spend (R’000) 4 089   208   
Total water usage (litres ’000) 16 935   11 062(1)
Total electricity usage (kWh ’000) 4 727   6 213   
Petrol (litres) 478 454   458 756   
Diesel (litres) 35 603 217   29 867 699(1)
Total carbon emissions (tonnes) 97 006   81 912(1)
Carbon emissions per employee (tonnes)  37,7   41,0   
 
 
(1) Restated  
 
     
  QUICK LINK: Historic divisional sustainable development data