Financial performance and growth are covered by our strategic objectives, they are addressed by our three strategic levers in the short to medium term, and financial is one of the capitals addressed and managed.

Relevant targets for economic performance are set and progress reported externally.

Direct economic value created for stakeholders is reflected in the Value-added statement and should be considered with our corporate social investment and enterprise development initiatives.

Externally direct economic impacts are reported twice during a financial year, at interim results (March) and the final results (September). This aspect is covered extensively in the group’s annual integrated reporting which includes detailed financial reporting together with external assurance.

The group has developed an Intrinsic Value Model that highlights the operational and financial value drivers that are key to leveraging returns and optimising financial performance within our business.

The Value Added Statement is designed to give the reader a full but concise understanding of how the group enhances its economic impacts in the regions where it operates.

See also 2021 Integrated report: Value added statement

See also Barloworld Consolidated Financial Statements 2021

The reporting organization shall report the following information: a. Direct economic value generated and distributed (EVG&D) on an accruals basis, including the basic components for the organization’s global operations as listed below. If data are presented on a cash basis, report the justification for this decision in addition to reporting the following basic components: i. Direct economic value generated: revenues; ii. Economic value distributed: operating costs, employee wages and benefits, payments to providers of capital, payments to government by country, and community investments; iii. Economic value retained: ‘direct economic value generated’ less ‘economic value distributed’. b. Where significant, report EVG&D separately at country, regional, or market levels, and the criteria used for defining significance.

Integrated Report
Consolidated Financial Statements
Consolidated income statement - 39 Consolidated income statement - 53 Consolidated income statement - 55 Consolidated income statement - 58 Consolidated income statement - 60

These aspects are addressed in the Value-Added Statement contained in the Barloworld 2021 Integrated Report and well as reflected in the group annual financial statements.

The reporting organization shall report the following information: a. Risks and opportunities posed by climate change that have the potential to generate substantive changes in operations, revenue, or expenditure, including: i. a description of the risk or opportunity and its classification as either physical, regulatory, or other; ii. a description of the impact associated with the risk or opportunity; iii. the financial implications of the risk or opportunity before action is taken; iv. the methods used to manage the risk or opportunity; v. the costs of actions taken to manage the risk or opportunity.

Integrated Report

Barloworld has identified risks and opportunities associated with climate change and financial implications thereof. These, together with the group's responses to the identified risks and opportunities, are disclosed in its responses to the CDP Climate Change 2021 and the CDP Water 2021 disclosures which can be viewed at Through its sustainable development framework, its commitment to being a responsible corporate and strategic objective, including Drive profitable growth, the group considers the significance of such risks and opportunities in its strategic planning process and operational plans.

Given Barloworld's reliance on motor vehicles, plant, and equipment (currently predominantly fossil-fuel based technologies) as a core part of our business, these risks could be significant, potentially contributing to an increased cost base and decreased revenue. There are also opportunities for competitive products and solutions with reduced carbon footprints.

Submissions have been made to the regulatory authorities in South Africa as per the greenhouse gas emissions reporting regulations and the required filings have been done in terms of the South African carbon tax legislation that became effective on 1 June 2019.  Certain operations also attract a liability in terms of the Carbon Tax in South Africa. Projections of the tax lability are performed and appropriately provided for from an accounting perspective. Barloworld is also impacted by the environmental levies included in the price of diesel and petrol.

The reporting organization shall report the following information: a. If the plan’s liabilities are met by the organization’s general resources, the estimated value of those liabilities. b. If a separate fund exists to pay the plan’s pension liabilities: i. the extent to which the scheme’s liabilities are estimated to be covered by the assets that have been set aside to meet them; ii. the basis on which that estimate has been arrived at; iii. when that estimate was made. c. If a fund set up to pay the plan’s pension liabilities is not fully covered, explain the strategy, if any, adopted by the employer to work towards full coverage, and the timescale, if any, by which the employer hopes to achieve full coverage. d. Percentage of salary contributed by employee or employer. e. Level of participation in retirement plans, such as participation in mandatory or voluntary schemes, regional, or country-based schemes, or those with financial impact.

Integrated Report
Consolidated Financial Statements
Notes to the consolidated annual financial statements - 89 Accounting Policies - 25 Accounting Policies - 34 Notes to the company financial statements - 140

These aspects are addressed in the Barloworld 2021 Consolidated financial statements  note 26 and accounting policies paragraph 21.

The reporting organization shall report the following information: a. Total monetary value of financial assistance received by the organization from any government during the reporting period, including: i. tax relief and tax credits; ii. subsidies; iii. investment grants, research and development grants, and other relevant types of grant; iv. awards; v. royalty holidays; vi. financial assistance from Export Credit Agencies (ECAs); vii. financial incentives; viii. other financial benefits received or receivable from any government for any operation. b. The information in 201-4-a by country. c. Whether, and the extent to which, any government is present in the shareholding structure.

If any, assistance is generally applicable in terms of legislation and across the relevant industries. It is principally in the context of training allowances and reimbursements from government such as Sector Educational Training Authorities (SETAs) in South Africa, or various allowances under taxation legislation.

The South African government granted Covid-19 relief to employees in the form of Temporary Employer Relief Scheme (TERS) administered by the Unemployment Insurance Fund. This scheme was set up for the sole purpose of providing relief to employers and employees in South Africa caused by the distress faced by businesses due to the lasting impact of lockdown restrictions on the economy.