ANNUAL REPORT 2008
  GROUP IN BRIEF
 
Downloads
  decrease text size   increase text size   print page   email us Annual report search  
   
 
 
BUSINESS OBJECTIVES
 

Exxaro’s business objectives are measurable indicators of performance. At every level, and in different ways, our teams are accountable for these objectives.

  
      Exxaro       Kumba
    Target  
2009  		   Target  
2008  		 Actual  
2008  		   Actual  
2007  		   Actual  
2006  		 Actual  
2005  		 Actual  
2004  
FINANCIAL TARGETS1                      
  • Return on equity (ROE) (%)
       25   30     15       33   12  
  • Return on capital employed (ROCE) (%)
       28   36     24       59   17  
  • EBITDA interest cover (times)
   >4     >4   14     9       20   7  
NON-FINANCIAL TARGETS                      
  • Safety
                      
– fatalities   0     0   5     5     6   4   2  
– lost-time injury frequency
   rate (per 200 000 hours)		   0,21     0,21   0,39     0,36     0,42   0,52   0,51* 
  • Safety, health and environmental certification (OHSAS 18001 and ISO 14000) (number of business units)
   15     15   9     9     10   10   8  
  • Employment equity
                      
– management (%)   40     40   42     36     35   32   28  
– women (%)   12     12   13     12     11   13   12  
  • HIV/Aids voluntary testing and counselling (%)
   95  
(longer  
term) 		   at least  
50% at  
  each site  		 64  
(group) 		   30     41   54   40  
  • Human resources development (% spend
    of payroll)
       6,0   5,2     6,5     5,1   6,3   5,7  
  • Mining learnerships
         678     408     341   503    
  • Procurement from HDSA companies (%)
   45     40   39     35     37   24   16  
  • HDSA ownership (%)
                      
2008   56     56   56     56       56    
2014   56     56   56     56       56    
 
1 Financial targets are set with reference to a peer group of companies while actual ratios are based on statutory financial results that have not been restated for comparable purposes. Comparable key ratios are shown here. No financial ratios are reported for 2006 as the empowerment transaction that led to the creation of Exxaro in November 2006 resulted in the ratios not been meaningful. Certain financial targets for 2009 will only be finalised in the first quarter of 2009 due to the significant impact of the global economic meltdown in the second half of 2008.
 
 
   
  Back to top