1. State Information Technology Agency
Annual Report - Financial Results for the year ending 31 March 2008

2. Agenda Business Review - Femke Pienaar: CEO (Acting)
Financial Review – Andre Pretorius: CFO (Acting)
Question & Answer session

3. Femke Pienaar Chief Executive Officer (Acting)
Business Review

4. Business Review
New Executive team with a wealth of institutional knowledge
Establishment of a new division: Regulatory Affairs and Procurement
Procurement maintained a tender turnaround times below 80days on average
Deployment of the Next Generation Network
Contained pricing for two consecutive years.
Improve functionality that will result in further savings for Government
ISO9000 international certification

5. Financial performance
Revenue growth of 7.48% - R3,608bn
Gross profit up 28.79% - R917m
Net Surplus improved by % - R299m

6. Human capital Turnover of 11.3% against an industry average of 21%
40 ICT graduates were developed ito OSS
1300 ICT Graduates have completed YIP in SITA since 1999.
Equity performance:
Race – 59.77%
Gender – 45.05%
Disabled - .82%

7. Andre Pretorius Chief Financial Officer (Acting)
Financial Review

8. Statement of financial position - Cash and cash equivalents
15% increase in cash on hand.
25% decrease in ring-fenced cash.
1% increase on total cash and cash equivalents. Rm

9. Cash flow statement (in Rand million) 2008 2007
Cash flows from operating activities
271.1
165.5
Cash flows from investing activities
(261.4)
(148.7)
Cash flows from financing activities
(5.2)
Movement in cash and cash equivalents
4.5
11.6
Opening balance - cash and cash equivalents
Closing balance - cash and cash equivalents

10. Statement of financial position - Trade and other receivablesRm
Perspective
Target
Stretch target
Actual performance
Debtors’ days
<65 days
60 days
63 days

11. Statement of financial performance - Capital expenditure

12. Statement of financial position - Current liabilities
Trade and other payables
(in Rand million)
2008
2007
Trade payables
570.8
566.2
Other payables
85.4
131.2
Total
656.2
697.4
Perspective
Target
Stretch target
Actual performance
Liquidity ratio
1.5:1
2.0:1
1.77:1

13. Statement of financial performance – Revenue ( 5 Year Review)
Perspective
Target
Stretch target
Actual performance
Revenue growth
12.0%
14.0%
7.4%

14. Statement of financial performance - Gross surplus
Perspective
Target
Stretch target
Actual performance
Gross profit margin
20.0%
23%
25.4%

15. Statement of financial performance - Operating expenses

16. Statement of financial performance - Net surplus for the year

17. Creation of wealth – 2008

18. Distribution of wealth - 2008

19. Question & Answer session
Thank you