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Transcript of 1. 2 TABLE OF CONTENTS 1.Introduction 2.Area of service and operation 3.Corporate Governance 4....
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TABLE OF CONTENTS
1. Introduction
2. Area of service and operation
3. Corporate Governance 4. Major achievements in 2005/2006 5. Strengthening Service Delivery
6. Strategic Challenges and Remedial Plan
7. Financial performance
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1. Introduction
• Long term strategies for sustainability are embedded in annual report
• Progress on all strategic imperatives are highlighted• Ongoing strategic reviews aligned to performance
management system
• Short interval business reviews to focus on key priorities
• Presentation based on performance reviews and audited financial statements
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2. AREA OF SUPPLY
AND
OPERATION
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Service Level AgreementsLOCAL MUNICIPALITIES• Matjhabeng Local Municipality• Nala Local Municipality• Maquassi Hills Local Municipality• Greater Taung Local Municipality• Phokwane Local Municipality• Moshaweng Local Municipality• Ga-Segonyane Local Municipality• Kagisano Local Municipality• Bophirima District Municipality
OTHER CONSUMERS
• Beatrix (2 Mines) • Harmony (6 Mines)• President Steyn Gold Mine• Ster Diamante Mine
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3. CORPORATE GOVERNANCE
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Corporate Governance
• Board appointment
• Performance contract
– Executive and Senior Management
• Committees
– Board (Executive, Remuneration, Audit Committees)
– Management( Executive, Management, Divisional, Procurement, Bursary, Trustee, Safety & Health Committees etc)
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Corporate Governance (Cont.)
• Committees continued
– Labour Forums
– Stakeholders ( Co-ordinating Committee, Catchment Management Committee, Provincial Water Sector Forums, etc.)
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4. MAJOR ACHIEVEMENTS IN 2005/2006
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Operational Performance
• The following savings were achieved on processes :
― R 2.1m for Energy― R 0.8m for Chemical― R 1.3m for Procurement
• Water quality maintained at Class 1 except for periodic colour and turbidity.
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Project ConsolidateSedibeng Water carried out the following projects under project
consolidate in Phumelela Local Municipality:
• Site functional assessment, skills audit and technical gap analysis at the Water Purification and Sewage Treatment Plants
• Seconded and trained operators in Warden and Memel WTP.
• Refurbishment of Warden WTW
• Refurbishment of Memel Water & Sewage Treatment Works and training of temporary operators.
• Upgrading of Warden Bulk Sewer (in progress)
• Capacity building: SETA training of operators within the Free State( Wepener, Ladybrand, Bethlehem & Xhariep)
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Market development
Presentations on the capability statement of Sedibeng Water, technical audits on treatment works, service agreements and the establishment of co-ordinating committees were conducted.
Sedibeng Water assisted the following municipalities in line with the signed Strategic Support contracts:
– Siyanda DM– !Kheis LM– Kgatelopele LM– Mier LM– Kai!Garib LM
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Commercial Equity
Commercial Equity
• Average BEE expenditure is 40%
• Annual targets set were met
• Promoting BEE participation though― Hand holding and training of SMME― monitoring and verifying of BEE status― Encourage establishment of BEE
companies and joint ventures
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Corporate Social Investment
• Invested approximately R1.3m to communities within our service area.
• The programme concentrated on the following:―NGO initiated by youth focusing on education―Youth entrepreneurial venture―Special needs and farm schools―Learnership on Water Purification Process Operation.
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Human Resources (Cont.)
Training
• Financial assistance(24 employees)• ABET (154 employees)• Learnership in Water Purification and Process
Operation(10 employees and 10 community members)
• Experiential training (6 students) • About 95% of learners who participated in the
above programmes were absorbed within the organisation
• Focus on courses such as Leadership, management, finance etc.
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Human Resources
Employment Equity
• EE targets as per plan exceeded
• Appointments aimed at addressing gender balance and disability
• Specific functional levels receiving undivided attention e.g. superintendent level
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Customer interaction
Weekly―Interaction with Ward Committees―Improved responsive time and reduction of
interruptions―Reduction of complaints ―Improved performance in line with SLA
• Monthly Co-ordinating Committee meetings• Customer satisfaction monitoring system with KPI
is in place
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Other
• Assisted Local and District Municipalities in the following:
― Infrastructure refurbishment projects in the North West―Water quality analysis and scientific services
• Tendered for the management of Vaal Gamagara Government Water Scheme
Appointed as an implementing agent for the Masibambane Civil Society Programme
• Market penetration and diversification―Scientific Services― water quality monitoring― environmental management― operations and maintenance services―community capacity building on water quality related issues
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5. STRENGTHENING SERVICE DELIVERY
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Strengthening service delivery
• The following water conservation and demand management measures are implemented by Sedibeng Water:
– An electronic methodology is used to conduct bulk water mass balance in the Free State region
– Household pre-paid meters are installed and the reticulation network losses are actively monitored in the North West region
• Sedibeng Water has contained water tariff increases at 6% without compromising the financial sustainability of the organisation.
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Strengthening service delivery (Cont.)
• Research on dealing with the varying water quality in the Free State region is carried out in an attempt to manage increases in the future
• Sedibeng Water owns a SANAS Accredited Central Laboratory used for potable and sewage water analysis and tests with a view of extending these services to municipalities and other stakeholders
• Sedibeng Water has entered into different contracts with a number of municipalities for the provision of bulk potable water and reticulation, and the operation of sewage plants
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Strengthening service delivery (Cont.)
• Sedibeng Water assisted Municipalities with the implementation of refurbishment projects and the transfer of assets
• The following projects were carried out:– Basic Water
Moshaweng LM R4.65mBophirima DM R3.69m
– Supply of operators to Phumelela WTW R0.33m– Sanitation
Refurbishment of Warden WTW R0.21mRefurbishment of Memel STW & WTW R0.43mBulk Sewer Upgrading: Warden R2.26m
Total Cost R11.57
million
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Strengthening service delivery (Cont.)
• Cost reduction in operational expenses ( energy, chemicals and procurement) and the settlement of long term debt
• Continuously pursuing enhancement of relations with WSAs and DWAF
• Appointment as implementing agent in the provision of basic water and sanitation services and training
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Strengthening service delivery (Cont.)
• Assisting the WSA’s in accelerated service delivery through Project Consolidate
• Participation in water sector forums and other stakeholder relationship management initiatives that addresses accelerated service delivery
• Acceleration of transformation and equity/gender balance
• Dedicated focus on training and development
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6. STRATEGIC CHALLENGES
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Strategic challenges
• Obtaining support from DWAF to maintain raw water tariff increases below inflation in line with water boards potable water tariff increases
• Concluding multi- year water tariff agreements with stakeholders
• Raw water deterioration at the middle and lower Vaal River
• Renewal of the WSA/WSP Service Level Agreements
• Managing the uncertainty created by the institutional reform process
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Strategic challenges (Cont.)
• Manage relationship with municipalities to jointly deal with accelerated service delivery challenges
• Augmentation of water supply infrastructure to Maquassi Hills Local Municipality
• Continuously ensure that potable water quality in the North West region meet required standards
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Strategic challenges (Cont.)
• Successfully managing the impact of HIV/AIDS
• Accelerating transformation efforts to balance gender and disability
• Maintaining and improving employee and customer satisfaction
• Maintaining water tariff increases at inflation target levels and still remain sustainable
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7. FINANCIAL PERFORMANCE
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Financial Overview for the previous five years
Consolidated Abridged Income Statement
Description 2006 2005 2004 2003 2002
(Rm) (Rm) (Rm) (Rm) (Rm)
Revenue 283,782 278,865 257,411 236,631 193,467
Cost of Sales 98,840 91,025 90,495 72,485 60,707
Gross Surplus 184,942 187,840 166,916 164,146 132,760
Operating Costs 167,924 184,639 157,772 135,514 122,713
Net operating Surplus 17,018 3,201 9,144 28,632 10,047
Net Finance Charges 15,278 19,058 35,758 37,374 39,558
Net Surplus Before Subsidies
1,740 (15,857) (26,614) (8,742) (29,511)
Subsidies 26,527 33,471 39,677 37,270 46,164
Net Surplus After Subsidies
28,267 17,614 13,063 28,528 16,653
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Financial Overview 2005/2006
Income Statement – Free State Region
Description 2006 2005 Percentage Variance
(Rm) (Rm)
Revenue 235,399 222,539 5.78%
Cost of Sales 107,044 103,456 3.47%
Gross Surplus 128,355 119,083 7.79%
Government Grant 780 292 167.12%
Other Income 4,273 5,754 -25.74%
Operating Costs 82,773 76,467 8.25%
Net operating Surplus 50,635 48,662 4.05%
Net Finance Charges 15,314 19,214 -20.30%
Net Surplus/(Loss) for the year 35,321 29,448 19.94%
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Financial Overview 2005/2006
Income Statement – North West Region
Description 2006 2005 Percentage Variance
(Rm) (Rm)
Revenue 35,700 23,841 49.74%
Cost of Sales 11,170 7,142 56.40%
Gross Surplus 24,530 16,700 46.89%
Government Grant 20,094 25,638 -21.62%
Other Income 2,451 1,309 87.24%
Operating Costs 50,651 47,899 5.75%
Net operating (Loss) (3,576) (4,252) -15.60%
Net Finance Charges 28 48 -71.43%
Net Surplus/(Loss) for the year (3,548) (4,204) -15.60%
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GRAPH: Financial Performance
-50,000
0
50,000
100,000
150,000
200,000
250,000
300,000
2006 2005 2004 2003 2002
Revenue Cost of Sales Gross SurplusOperating Costs Net operating Surplus Net Finance ChargesNet Surplus Before Subsidies Net Surplus After Subsidies
R’000
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Consolidated Abridged Balance Sheet
Description 2006
(Rm)
2005
(Rm)
Percentage Variance
Non-Current Assets 448,202 437,104 2.55%
Current Assets 120,870 108,931 10.96%
Total Assets 569,072 546,035 4.22%
Equity 243,657 211,940 14.97%
Non-Current Liabilities 250,638 257,272 -2.58%
Current Liabilities 74,477 76,823 -3.05%
Total Equity & Liabilities 569,072 546,035 4.22%
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Financial Ratio Analysis
2006 2005 2004 2003 2002
Profitability
Working ratio 0.94 0.99 0.96 0.88 0.95
Operating ratio 1.08 1.13 1.11 1.04 1.17
Rate of return on assets 0.03 0.01 0.02 0.06 0.02
Assets turnover ratio 0.48 0.48 0.46 0.46 0.41
Surplus margin ratio 0.01 -0.11 -0.10 -0.04 -0.15
Debtors collection period in days 98.40 98.60 85.60 122.10 109.90
Accounts Receivable turnover 3.78 3.75 4.37 3.03 3.44
Short-Term Liquidity
Current Ratio 1.62 1.42 1.45 1.28 1.17
Long Term Solvency
Debt service/Interest cover ratio 1.11 0.09 0.26 0.77 0.26
Long term debt ratio 0.49 0.52 0.49 0.59 0.65
Debt equity ratio 1.33 1.58 1.43 1.99 2.29
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FREE STATE REGION: Business Performance Indicators
Description 2006 2005 2004 2003 2002
Total Turnover (Rm) 235,399 222,540 207,866 192,534 170,306
Water Purchases 36.59 38.48 40.06 34.64 32.19
Electricity Purchases 4.40 4.53 5.31 5.14 4.35
Salaries & Wages 18.52 16.70 15.79 13.18 16.00
Maintenance 4.87 6.41 6.09 6.45 5.44
Finance Costs 14.10 15.67 17.51 20.01 23.67
Expenses as a % of total turnover
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Description 2006 2005 2004 2003 2002
Total Turnover (Rm) 58,596 50,858 46,761 44,722 29,325
Water Purchases 16.32 10.61 15.45 12.94 20.06
Electricity Purchases 2.14 2.82 2.69 1.93 2.54
Salaries & Wages 48.05 49.26 47.65 39.75 56.20
Maintenance 9.31 19.32 16.15 13.59 20.86
NORTH WEST REGION: Business Performance IndicatorsExpenses as a % of total turnover including subsidies received
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Sedibeng Water obtained an Sedibeng Water obtained an unqualified auditunqualified audit
opinion againopinion again
THANK YOUTHANK YOU