Value creation at a glance
VALUE UNLOCKED IN FY20
Effective response to COVID-19 impact post-year-end
Safety and wellbeing of the Group’s employees ensured and working from home enabled across all divisions
invested in wages and benefits
CSI spend at Datatec head office
2 119 learners benefitting from school-level intervention in maths and science
individuals gaining access to computer technology
partner and vendor relationships
status Level 1
Logicalis SA BBBEE status
Datatec BBBEE status
Significant improvement in Westcon International profitability
Cash generated from operations
returned to shareholders through a special dividend and share repurchases
Analysys Mason Limited acquired 100% of the issued share capital of Stelacon Holding AB (“Stelacon”), a Swedish consulting company. This was an important further step in building Analysys Mason’s pan-Scandinavian presence.
Logicalis SA (Pty) Ltd acquired 100% of the issued share capital of Mars Investment Holdings (Pty) Ltd (“Mars Technologies”), a South African IT services business, with offices in Cape Town, Johannesburg, Port Elizabeth, Durban and East London. This acquisition strengthens and expands Logicalis’ South African managed services offering.
Logicalis Group purchased a 70% interest in Cilnet – Communicações e Projectos Especiais S.A. (“Cilnet”) on 2 September 2019. The acquisition increases Logicalis’ Cisco technical expertise in the Iberian region and complements the existing Spanish operation.
Logicalis Group also acquired 100% of Orange Networks GmbH (“Orange Networks”). This acquisition advances Logicalis Germany to Microsoft Gold-Certified Partner status and enhances its hybrid cloud offering.
VALUE ADDED STATEMENT
for the year ended 29 February 2020
|Revenue||4 304 845||4 332 381|
|Interest received||14 911||9 568|
|Gain on disposal of subsidiaries||1 332||11 694|
|Less: Paid to suppliers for materials and services||(3 432 431)||(3 555 313)|
|Total value added||888 657||798 330|
|1||Includes salaries, wages and benefits.|
|4||Taxation paid in the jurisdictions in which the Group operates.|
|5||Includes depreciation, amortisation, deferred taxes, profit attributable to the equity holders of the parent and profit attributable to non-controlling