Airports Company SA (ACSA) had met 16 of the 18 annual targets it committed itself for in the 2014/15 financial year‚ “which translates into 89% of targets achieved for the year under review”‚ Transport Minister Dipuo Peters said on Tuesday.
Speaking at the ACSA annual general meeting in Rosebank‚ Peters said for the year under review‚ group revenue stood at R7‚761-billion (2014:R7‚127-billion) indicating an increase of 8‚9%; including aeronautical revenue of R4‚926-billion (2014:R4‚559-billion)‚ an increase of 8‚05%.
ACSA had posted a profit of R1‚567-billion (2014:R1‚712-billion) indicating a decrease of 8‚5%‚ however‚ this was after making provision for taxation of R716-million.
ACSA reported cumulative revenue of R289m against the annual target of R250m in property development. The annual target was exceeded by R39m. The 2014/15 revenue of R289m was exceeded in comparison to the previous financial year (R164m: March 2014). This represents 56.74% increase in revenue earned from the previous financial year.
“This is a significant achievement of revenue earned and therefore presents the potential in property investments for the company.”
ACSA also reported cumulative revenue of R23m against the annual target of R15m on the provision of technical assistance on Airport Management Solutions (AMS).
“It is further noted that the revenue earned is comprised of R19‚5-million for Guarulhos airport‚ Brazil and R3‚5-million for Umtata airport‚ Eastern Cape‚ respectively.
“Aligned to this target is the approval that I have recently granted ACSA to establish a new entity to undertake contractual activities for the provision of AMS.”
“With regards to broad-based black economic empowerment‚ ACSA is currently sitting at level 2. Although we applaud the board for this continued achievement‚ there is‚ however‚ a need to aim higher in this area given the transformation challenges in the aviation industry.
“The board should ensure that issues of gender equality‚ diversity and sector-specific skills are highly considered.
“On the appointment at executive level‚ there are five women at executive level‚ compared to three in the 2013/14 financial year.”
Peters said the company had also exceeded its on-time departure annual target of 85% by 3.7% achieved at 88.7% (88%: March 2014).
“This means that 88.7% of aircraft that departed the airports were on time during the year under review. The target remained slightly the same for the 2014/15 financial year as compared to the 2013/14. Whilst this is noted as a shared responsibility in the operational value chain‚ ACSA is urged to continue improving on this area.”
ACSA also reported a 0.386 (0.524: March 2014) safety incidents and accidents per 1‚000 movements against the annual target of about 0.700 per 1‚000 movements.
“ACSA committed that the IT systems availability at the airports would be 98% in order to avoid inefficiencies. As reported‚ the IT services were available 99.4% for the year under review‚ therefore the target was achieved‚” the minister said.
Among targets not achieved in the 2014/15 financial year‚ was the under-expenditure of capex‚ and the minister said the board “is therefore urged to pay serious attention in addressing the challenges pertaining to capex projects and job creation”.
ACSA met 16 of its 18 targets: Minister
Speaking at the ACSA annual general meeting in Rosebank‚ Peters said for the year under review‚ group revenue stood at R7‚761-billion (2014:R7‚127-billion) indicating an increase of 8‚9%; including aeronautical revenue of R4‚926-billion (2014:R4‚559-billion)‚ an increase of 8‚05%.
ACSA had posted a profit of R1‚567-billion (2014:R1‚712-billion) indicating a decrease of 8‚5%‚ however‚ this was after making provision for taxation of R716-million.
ACSA reported cumulative revenue of R289m against the annual target of R250m in property development. The annual target was exceeded by R39m. The 2014/15 revenue of R289m was exceeded in comparison to the previous financial year (R164m: March 2014). This represents 56.74% increase in revenue earned from the previous financial year.
“This is a significant achievement of revenue earned and therefore presents the potential in property investments for the company.”
ACSA also reported cumulative revenue of R23m against the annual target of R15m on the provision of technical assistance on Airport Management Solutions (AMS).
“It is further noted that the revenue earned is comprised of R19‚5-million for Guarulhos airport‚ Brazil and R3‚5-million for Umtata airport‚ Eastern Cape‚ respectively.
“Aligned to this target is the approval that I have recently granted ACSA to establish a new entity to undertake contractual activities for the provision of AMS.”
“With regards to broad-based black economic empowerment‚ ACSA is currently sitting at level 2. Although we applaud the board for this continued achievement‚ there is‚ however‚ a need to aim higher in this area given the transformation challenges in the aviation industry.
“The board should ensure that issues of gender equality‚ diversity and sector-specific skills are highly considered.
“On the appointment at executive level‚ there are five women at executive level‚ compared to three in the 2013/14 financial year.”
Peters said the company had also exceeded its on-time departure annual target of 85% by 3.7% achieved at 88.7% (88%: March 2014).
“This means that 88.7% of aircraft that departed the airports were on time during the year under review. The target remained slightly the same for the 2014/15 financial year as compared to the 2013/14. Whilst this is noted as a shared responsibility in the operational value chain‚ ACSA is urged to continue improving on this area.”
ACSA also reported a 0.386 (0.524: March 2014) safety incidents and accidents per 1‚000 movements against the annual target of about 0.700 per 1‚000 movements.
“ACSA committed that the IT systems availability at the airports would be 98% in order to avoid inefficiencies. As reported‚ the IT services were available 99.4% for the year under review‚ therefore the target was achieved‚” the minister said.
Among targets not achieved in the 2014/15 financial year‚ was the under-expenditure of capex‚ and the minister said the board “is therefore urged to pay serious attention in addressing the challenges pertaining to capex projects and job creation”.
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