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Production and economic performance<br />

were impacted by the worldwide<br />

economic recession, which began in<br />

FY08 and extended through FY09. In response<br />

<strong>to</strong> the severe business climate, TSAM and local<br />

dealers worked hard <strong>to</strong> deliver as many vehicles<br />

as possible <strong>to</strong> cus<strong>to</strong>mers, as well as making<br />

continuous, concerted cost-reduction efforts.<br />

Due <strong>to</strong> the economic downturn there was an<br />

embargo on capital expenditure and therefore<br />

capital expenditure was lower in FY09.<br />

Economic Aspects<br />

Vehicle production dropped from 184 087 in FY08 <strong>to</strong> 105 079 in FY09.<br />

Table 33<br />

FY08 FY09<br />

R’000 R’000<br />

Revenue 41 222 468 28 574 954<br />

Total assets 16 143 570 13 694 419<br />

Capital expenditure 620 740 188 534<br />

Market share (%) 26.4% 25.2%<br />

Vehicle production and sales<br />

During the reporting period, vehicle production<br />

dropped from 184 087 units <strong>to</strong> 105 079 units,<br />

and vehicle sales dropped from 241 929 units<br />

No. of vehicles produced<br />

200 000<br />

180 000<br />

160 000<br />

140 000<br />

120 000<br />

100 000<br />

80 000<br />

60 000<br />

40 000<br />

20 000<br />

0<br />

148 160<br />

Vehicle production<br />

151 842<br />

184 087<br />

105 079<br />

FY06 FY07 FY08 FY09<br />

ECONOMIC ASPECTS<br />

<strong>to</strong> 141 391 units. This was a consequence of<br />

the global economic recession.<br />

300 000<br />

250 000<br />

200 000<br />

150 000<br />

100 000<br />

Figure 60 Figure 61<br />

No. of vehicles sold<br />

50 000<br />

0<br />

208 860<br />

Vehicle sales<br />

220 065<br />

241 929<br />

141 391<br />

FY06 FY07 FY08 FY09<br />

<strong>Toyota</strong> South Africa Mo<strong>to</strong>rs Sustainability Report 2010 55

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