AUDITED CONDENSED CONSOLIDATED FINANCIAL ... - AFGRI
AUDITED CONDENSED CONSOLIDATED FINANCIAL ... - AFGRI
AUDITED CONDENSED CONSOLIDATED FINANCIAL ... - AFGRI
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Unigro<br />
• Successful implementation of famer debtor book sale<br />
• Improved financial position and gearing with excellent profitability<br />
• Operational expenses well managed<br />
• Active drive to increase debtors to be sold to Land Bank and Wesbank<br />
• Position new brand to support creation of national footprint<br />
6 000<br />
5 000<br />
4 000<br />
Farm debtors under management (R’m)<br />
Intended strategy<br />
Intended strategy<br />
896<br />
3 000<br />
2 000<br />
1 000<br />
0<br />
5 389<br />
4 864<br />
3 965<br />
3 325<br />
2009 2010 2011 2012<br />
Source: <strong>AFGRI</strong><br />
R104m received from new season<br />
27<br />
GroCat<br />
• Joint venture with Macsteel International<br />
• Established 1950, employs 7,000 people in 30 countries worldwide with 141<br />
offices<br />
• Annual sales of >US$10bn<br />
• Making use of <strong>AFGRI</strong>’s grain management expertise coupled with Macsteel<br />
logistics and resources expertise spanning 26 trading offices<br />
• Move commodities around Africa daily<br />
• Allows <strong>AFGRI</strong> to extract value from coal mines in Mpumalanga<br />
• 10 of <strong>AFGRI</strong>’s silo complexes are positioned in and around the coal mines<br />
• All <strong>AFGRI</strong> silo’s have well maintained rail infrastructure<br />
• Currently move 10,000 tons of coal per month<br />
28<br />
page 29<br />
Audited condensed consolidated financial results for the year ended 30 June 2012 and cash dividend declaration
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