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| Financial Performance |
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| The EBIT return on average total assets was 3,9% as a result of low EBIT margins and an inadequate return on the group’s assets. |
The improved trading performance for the year has resulted in an increase in both permanent capital and cash on hand, as well as a reduction in borrowings. This will provide adequate financial buffers to meet all obligations and to ensure the availability of finance for expansion.
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The productivity of assets has decreased in the current
year mainly as a result of Unitrans no longer being consolidated. The transformation
of our reliance on the mobilisation of assets and resources to the leveraging
of knowledge and solutions will substantially improve the productivity of
our assets in the future. |
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| The creation of sustainable value into the future is a non-negotiable and the current year’s results represent the first rewards of the Rebuilding Murray & Roberts strategy. | The creation of value as a multiple of payroll costs is an important measure of the group’s progress in achieving increased productivity, with an improvement of almost 50% in the current year. |
