State Information Technology Agency

1
State Information Technology Agency

• Annual Report - Financial Results for the year
  ending 31 March 2008

2
Agenda

• Business Review - Femke Pienaar CEO (Acting)
• Financial Review Andre Pretorius CFO (Acting)
• Question Answer session

3
Femke PienaarChief Executive Officer (Acting)

• Business Review

4
Business Review

• New Executive team with a wealth of institutional
  knowledge
• Establishment of a new division Regulatory
  Affairs and Procurement
• Procurement maintained a tender turnaround times
  below 80days on average
• Deployment of the Next Generation Network
• Contained pricing for two consecutive years.
• Improve functionality that will result in further
  savings for Government
• ISO9000 international certification

5
Financial performance

• Revenue growth of 7.48 - R3,608bn
• Gross profit up 28.79 - R917m
• Net Surplus improved by 109.09 - R299m

6
Human capital

• Turnover of 11.3 against an industry average of
  21
• 40 ICT graduates were developed ito OSS
• 1300 ICT Graduates have completed YIP in SITA
  since 1999.
• Equity performance
• Race 59.77
• Gender 45.05
• Disabled - .82

7
Andre PretoriusChief Financial Officer (Acting)

• Financial Review

8
Statement of financial position - Cash and cash
equivalents
Rm
9
Cash flow statement
(in Rand million) 2008 2007
Cash flows from operating activities 271.1 165.5
Cash flows from investing activities (261.4) (148.7)
Cash flows from financing activities (5.2) (5.2)
Movement in cash and cash equivalents 4.5 11.6
Opening balance - cash and cash equivalents 1 096.7 1 085.1
Closing balance - cash and cash equivalents 1 101.2 1 096.7
10
Statement of financial position - Trade and other
receivables
Rm
Perspective Target Stretchtarget Actualperformance
Debtors days lt65 days 60 days 63 days
11
Statement of financial performance - Capital
expenditure
Rm
12
Statement of financial position - Current
liabilities
Trade and other payables
(in Rand million) 2008 2007
Trade payables 570.8 566.2
Other payables 85.4 131.2
Total 656.2 697.4
Perspective Target Stretchtarget Actualperformance
Liquidity ratio 1.51 2.01 1.771
13
Statement of financial performance Revenue ( 5
Year Review)
Rm
Perspective Target Stretchtarget Actualperformance
Revenue growth 12.0 14.0 7.4
14
Statement of financial performance - Gross surplus
Rm
Perspective Target Stretchtarget Actualperformance
Gross profit margin 20.0 23 25.4
15
Statement of financial performance - Operating
expenses
Rm
16
Statement of financial performance - Net surplus
for the year
Rm
17
Creation of wealth 2008
18
Distribution of wealth - 2008
19
Question Answer session

• Thank you