State Information Technology Agency

1
State Information Technology Agency

• Annual Financial Results Presentationfor the
  year to 31 March 2007

2
Agenda

• Business Review
• Peter Pedlar, Chief Executive Officer (Acting)
• Financial Review
• Mfanyana Salanje, Chief Financial Officer
• Question Answer session

3
Peter PedlarChief Executive Officer (Acting)

• Business Review

4
Introduction

• First full year new operating model in effect
• Customer satisfaction index up 20 points to 63
  level
• Employee satisfaction levels improve by 10.17
• Inaugural GovTech conference creates ICT thought
  leadership platform

5
Financial performance

• Revenue growth of 15.6 - R3 357bn
• Gross profit up 33.9 - R712m
• Surplus improved by 76.4 - R143.5m

6
Business highlights

• Procurement services
• 65 contracts worth R1 527bn awarded
• 86 of contracts awarded to BEE vendors
• Strategic partnership and funding model
• Customer satisfaction index

7
Strategic projects

• e-Government
• ID Track Trace SMS System (Home Affairs)
• Interactive Voice Response System
• IFMS
• Integrated Development Environment Tender
• Procurement Module Tender
• Municipal ICT blueprint
• Three proof-of-concept projects underway

8
Human capital

• Turnover of 9.11 below industry average of 12
• 96 of staff trained as per requirements
• Youth Internship Programme
• ICT graduate training programme
• Trained 358 youth at R29 830m investment

9
Directors report

• PFMA issues
• Going concern
• Changes in directorship

10
Conclusion

• GovTech commitments
• e-Government implementation
• FOSS implementation
• Municipal ICT blueprint
• IFMS project

11
Mfanyana SalanjeChief Financial Officer

• Financial Review

12
Statement of financial position - Cash and cash
equivalents
Rm
13
Cash flow statement
(in Rand million) 2007 2006
Cash flows from operating activities 165.5 506.8
Cash flows from investing activities (148.7) (81.4)
Cash flows from financing activities (5.2) (5.2)
Movement in cash and cash equivalents 11.6 420.2
Opening balance - cash and cash equivalents 1 085.1 664.9
Closing balance - cash and cash equivalents 1 096.7 1085.1
14
Statement of financial position - Trade and other
receivables
Rm
Perspective Target Stretchtarget Actualperformance
Debtors days lt55 days 50 days 58 days
15
Statement of financial position - Current assets
Ageing of trade receivables
Trade receivables - R718.8m
16
Statement of financial performance - Capital
expenditure
Rm
17
Statement of financial position - Capital
expenditure breakdown
Rm
18
Statement of financial position - Current
liabilities
Trade and other payables
(in Rand million) 2007 2006
Trade payables 566.2 511.3
Other payables 131.2 70.3
Total 697.4 581.6
Perspective Target Stretchtarget Actualperformance
Liquidity ratio 1.51 2.01 1.61
19
Statement of financial performance - Revenue
Rm
Perspective Target Stretchtarget Actualperformance
Revenue growth 10.6 12.0 15.6
20
Statement of financial performance - Gross profit
Rm
Perspective Target Stretchtarget Actualperformance
Gross profit margin 20.0 22.5 21.0
21
Statement of financial performance - Operating
expenses
Rm
22
Statement of financial performance - Net surplus
for the year
Rm
Perspective Target Stretchtarget Actualperformance
Net profit margin 3 5 4
23
Creation of wealth - 2007
24
Distribution of wealth - 2007
25
Question Answer session
26
Thank you for attending