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  Operational review
 
 
Corporate  
   
 

Operating performance

            
 

 

 

Operating

Net operating
 

Revenue

(loss)/profit

assets
 

Year ended 30 Sept

Year ended 30 Sept

30 Sept
R million
2008  
2007  
2008  
2007  
2008  
2007  
Southern Africa
83  
53  
(263) 
(111) 
513  
633  
Europe
  
  
10  
(57) 
(229) 
(807) 
 
83  
 53  
(253) 
 (168) 
284  
(174) 
Share of associate income
  
  
1  
  
 
  
   
 
     

Leadership team

   
     
Andrew Bannister (51) Wim Kotzé (37) Maurice Pin (56)
Finance director: Barloworld Holdings plc Group strategy manager General manager: Administration
ACA, CA(SA), BBusSci CA(SA), BCom Acc (Hons) 37
23 11  
    Ian Stevens (58)
Liz Dougall (51) Khanyisile (Khanya) Kweyama (43) Group general manager: Finance
Group taxation manager Group executive: Human resources and transformation CA(SA), BCom
CA(SA), PG Dip Tax BS (USA), PDM, MM 24
9 1  
    Johan van Wyk (45)
Patricia Emery (57) Bruce Lange (48) Group financial controller
Company secretary: Barloworld Holdings plc General counsel CA(SA), BCompt (Hons)
ACISA BCom, LLB 18
1 18  
    Hilary Wilton (52)
Matthew Govender (44) Sibani Mngomezulu (36) Head of legal and risk services
Enterprise development manager Group executive: Governance and corporate affairs BCom, MBA, FCII
MBA, PGDip Business Management LLM, HDip Co Law, HDip Tax Law 6
8 4  
     
Helene Heslop (39)    
Head of internal audit    
CA(SA), BCom Acc (Hons), MBL    
3    
   
  Note: The figure after each name (in brackets) is their age at date of publication of this report.
  Second figure is the number of years’ service that they have with Barloworld or businesses we have acquired.
   
 

Operating performance
  The downsizing of the corporate offices in southern Africa and UK is complete.
   
  In southern Africa the operating loss includes the BEE charge of R337 million. The current period also includes a benefit of R85 million relating to a reduction in the residual liability to share option holders following the unbundling of Pretoria Portland Cement Limited (PPC), as a consequence of movements in the PPC share price. The prior period includes redundancy costs of R92 million in respect of the corporate restructuring.
   
  In Europe, the reduction in net operating liabilities is mainly due to a payment in December 2007 of R759 million (£55 million) to eliminate the actuarial deficit following the merger of our two UK pension funds.