BY THE CHIEF FINANCIAL OFFICER
Report
BY THE CHIEF FINANCIAL OFFICER
CORNÉ KRUGER Senwes CFO
KEY MESSAGES
The 2020 financial year was an exceptionally challenging year , specifically pertaining to the Covid-19 impact on the group ’ s April 2020 results , as well as the countrywide grain quality problems .
� Simplified distributable income and segment statements
� Segmental results
� Simplified statement of financial position
� Risk assessment and sensitivity analysis
� Net asset value vs share price
� Quality of earnings
� Future prospects
After having taken these negative aspects into consideration , the net asset value per share of the Senwes Group increased to R15,06 ( 2019 : R14,05 ). This can be attributed to meticulous planning , loyal clients , a robust strategy and committed employees .
The directors approved a final dividend of 30 cents per share . This resulted in a total dividend of 60 cents per share for the 2020 financial year , after taking the interim dividend of 30 cents per share into account .
The EBITDA increased by 17,6 % from 2019 to 2020 . This was mainly due to the improvement of the input supply segment . The improvement of the results can be attributed to strategic investment acquisitions such as KLK , Falcon Agricultural Equipment , Grainovation and the inclusion of a full year ’ s record result of Staalmeester Agricultural Equipment .
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