OVERVIEW THE BUSINESS STRATEGIC AND OPERATING CONTEXT CORPORATE GOVERNANCE FINANCIAL REVIEW
PERFORMANCE
Net profit after tax ( R ' m )
Return on opening equity (%) Total shareholders ’ return (%)
� 2021 |
|
2020 |
|
595 |
� 76,6 % |
337 |
7,5 % |
|
2021 2020
�
7,2 %
12,7 5,5
For more detail , see p . 92
� � � � � �
OUTCOMES
KEY HIGHLIGHTS
Normalised headline earnings ( R ’ m ) 2021 2020
�
420 70,7 % 246
New investment in property , plant |
and equipment ( R ’ m ) |
2021 |
|
2020 |
188 |
� 29,9 % |
268 |
Head office electricity consumption for the |
year ( MWh ) |
2021 |
|
2020 |
1 452 |
� 4,3 % |
1 392 |
Electricity consumption of Senwes |
Grainlink silos for the year ( GWh ) |
2021 |
|
2020 |
30,2 |
� 5,6 % |
28,6 |
Head office water consumption for the |
year ( kl ) |
2021 |
|
2020 |
5 212 |
3,6 % |
5 031 |
� |
Total training costs ( R ’ m ) |
2021 |
|
2020 |
14,5 |
� 51,0 % |
9,6 |
Average cost per employee ( R ’ 000 )
� 2021 |
|
2020 |
184,8 |
5,2 % |
175,7 |
|
Corporate social investment and |
community spending ( R ’ m ) |
2021 |
|
2020 |
6,4 |
� 106,5 % |
3,1 |
� Loyalty scheme ( AgriRewards ) |
allocation ( R ’ m ) |
2021 |
|
2020 |
139 |
40,4 % |
99 |
|
STAKEHOLDERS
Shareholders and Investors
The group paid dividends to the amount of :
��� R122m ............................................ �
Clients and Customers
The group increased its financing book by :
��� 13 % ................................................. �
Employees
The group paid salaries to the amount of :
��� R942m ............................................ �
Community
Community spending increased since the previous year :
��� 106,5 % ............................................ �
Business Partners
Investments in subsidiaries and JVs amounted to :
��� R808m ............................................. �
Suppliers
The group ’ s payments to suppliers of goods and services amounted to :
��� R5 603m .......................................... �
Government and Regulators
The group ’ s payments to government amounted to :
��� R207m ............................................. �
For more detail , see p . 12 For more detail , see p . 36
FUTURE OUTLOOK
Business There is a clear shift in traditional crop composition choices . Soybean production is increasing and the country is nearing levels of self-sufficiency . In this regard Senwes is well positioned to increase its intake of soybeans .
Strategy The Senwes Group will continue to reimagine its strategic purpose of adding value and solutions to its client base and keep on analysing the sector for meaningful acquisitions to add to its well-developed agri-business platform . This future fit agri-business platform will provide access to clients ( market share and share of pocket ), integrate the group ’ s activities and most importantly , provide better access to markets for clients as well as input partners .
Economic With a good turnover generated from the 2020 / 21 harvest , business confidence and planting intentions will probably be higher for the next season . High soil moisture levels should also result in producers spending more on the next season ’ s inputs . However , the uptake of credit should slow down because of the surplus cash available in the market .
For more detail , see p . 14 For more detail , see p . 46 For more detail , see p . 80
RESILIENCE SENWES INTEGRATED REPORT 2021
17