Performance
Summary

Financial sustainability 2017 Core Non-core 2016 Core Non-core 2015
Revenue (Rm) 19 717 13 892 5 825 26 592 14 357 12 235 27 623
EBITDA (Rm) 840 950 (110) 376 888 (512) 1 383
EBITDA margin (%) 4,26 6,84 (1,89) 1,4 6,2 (4,2) 5,0
Operating profit/(loss) (Rm) 618 728 (110) (74) 702 (776) 827
Profit/(loss) for the year after tax (Rm) (302) 415 (717) (1 100) 360 (1460) (60)
Headline earnings/(loss) (Rm) 240 387 (147) (488) 425 (913) 312

Human capital
Permanent employees 10 219 8 206 2 013 12 676 8 362 4 314 12 049
Group employee turnover rate (%) 1,90 1,64 2,24
Total training spend in SA (Rm) 87,5 86,5 110,3
Total CSI spend (Rm) 8,4 7,7 0,7 10,4 9,3 1,1 10,7

Products and services
Number of patents filed 8 6 14
R&D spend (Rm) 220,5 163,4 227,0

External relationships
* Unaudited.
Altron TMT – total measured spend on suppliers (Rm) 3 775* 3 429 n/a
Altron TMT – B-BBEE procurement spend (after adjusting for certified B-BBEE procurement recognition) (Rm) 3 676* 2 937 n/a
Altron TMT – B-BBEE procurement spend: percentage of total measured spend(%) 97* 86 n/a
GHG emissions (tCO2e) 104 933 29 469 75 465 142 203 28 809 113 394 159 935
Electricity consumption (MWh) 86 196 18 525 67 671 124 221 19 499 104 722 134 934
Water sourced (kl) 276 547 81 025 195 522 409 909 82 320 308 873 507 283
All waste generated (t) 22 412 473 21 939 15 480 524 14 956 13 494
Total municipal waste generated and sent to landfill (t) 1 175 310 866 1 964 319 1 650 2 276

BOARD STATEMENT REGARDING THE ALTRON INTEGRATED ANNUAL REPORT

The board of directors (board) of Allied Electronics Corporation Limited, having been fully appraised of the sustainability issues contained in the 2017 integrated annual report and having applied its collective mind, hereby:

  • acknowledges responsibility for ensuring the integrity of the integrated annual report;
  • acknowledges responsibility for the preparation and presentation of the integrated annual report;
  • agrees that the integrated annual report has been presented in accordance with the International Integrated Reporting Council’s International Integrated Reporting Framework; and
  • believes that, to the best of its knowledge and belief, the integrated annual report addresses all material issues and fairly presents the integrated performance of the Altron group and its impacts.

The board further records that the integrated annual report has been prepared in accordance with best practice and pursuant to the recommendations contained in the King Code of Governance Principles for South Africa 2009 (Principle 9.1) and that the disclosures have been reported on in terms of the Global Reporting Initiatives G4 Guidelines. The board approved the integrated annual report on 25 May 2017 for release on or about 14 June 2017.

CERTIFICATE FROM THE COMPANY SECRETARIES

In terms of section 88(2)(e) of the Companies Act No. 71 of 2008, as amended, we certify that to the best of our knowledge and belief the company has lodged with the Companies and Intellectual Property Commission all such returns as are required of a public company in terms of the Companies Act No. 71 of 2008, as amended, in respect of the year ended 28 February 2017 and that all such returns are true, correct and up to date.

Altron Management Services Proprietary Limited Secretaries

WK Groenewald
Group Company Secretary

25 May 2017