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Barloworld awarded
2nd place in the 2008 Ernst & Young Excellence in Corporate Reporting Survey.
Barloworld was awarded second place, for the second consecutive year in the 2008 Ernest & Young Excellence in Corporate Reporting Survey.
The adjudicators pointed out that Barloworld retained its position as a result of clear identification of the strategic framework as well as the presentation of Barloworld as an attractive investment proposition. This was recognised as providing a good introduction to a well structured report. The effects of the Barloworld restructuring were appropriately highlighted throughout the report, including the disclosure of pro-forma results of the continuing components of the restructured group. Identification of the top risks and management’s response to those risks was also well handled. A detailed 7 year summary and disclosure of three years results in the financial statements also provides useful information.
Group finance Director, Don Wilson explains that “In drafting the 2007 annual report we sought to ensure that we defined clearly the vision for the group and its strategic profile and the strategic focus areas.”In addition, we sought to define the structure of the group going forward and attempted to give stakeholders an indication of the financial results of the restructured group. We also updated stakeholders as to the progress made in transformation of the group and incorporated increased disclosure around governance issues, including independence and the remuneration for directors."
Wilson added that issues of sustainability were receiving increased focus as well as fine-tuning reporting systems to ensure accuracy and consistency.
| 2008-06-12 Barloworld - 10% BEE deal |
| 2008-05-12 Barloworld interim results March 08 |
| 2008-05-08 Barloworld -- increase in EPS; decline in HEPS |
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