Integrated Report 2021


About our report

This report is one of our primary communications with our stakeholders. It has been prepared with the aim of providing a balanced, transparent and integrated review of Barloworld’s financial performance and our most material sustainability issues during the financial year 1 October 2020 to 30 September 2021.

Boundary and scope

Our integrated reporting boundary covers the risks, opportunities and outcomes arising from:

  • Our business strategy
  • Our business model
  • Our operating context
  • Material matters, risks and opportunities
  • Our stakeholder relationships
  • Investor community
  • Employees and unions
  • Customers and suppliers
  • Host communities
  • Governments
  • The media

Reporting boundary

This report provides an overview of Barloworld’s strategy and business model, principal risks and opportunities, operational performance and governance practices for the financial year ended 30 September 2021. The information included in this report relates to our activities at group, business unit and joint venture level.

Combined assurance

We use a combined assurance model to ensure the information we provide and our underlying processes support the credibility and integrity of our reporting. This includes assurance obtained from management and from our internal and external assurance providers. This year, our joint auditors, Ernst & Young Inc and SNG Grant Thornton Inc, audited our consolidated annual financial statements (AFS) 2021, while PricewaterhouseCoopers Inc provided assurance on selected sustainability information in our integrated report 2021.

The execution of our assurance plan and reporting is monitored by the audit and risk committee, which reports to the board quarterly and to shareholders annually. Financial, operating, compliance and risk management controls are assured and monitored by the internal audit function and overseen by the audit and risk committee.

Forward-looking statements

In this report, we may make certain statements that are not historical facts and relate to analyses and other information based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, developments and business strategies taking into account, among other factors, the impact of the Covid-19 global pandemic on Barloworld. No reliance should be placed on such expectations, estimates and intentions expressed in such forward-looking statements, as they may change as a result of new information, future events or otherwise.

Navigating our report

This is an interactive report. Navigation tools are at the top right of each page.

Other icons used throughout the report

Forward-looking statements
Forward-looking statements
Reference to our website
Forward-looking statements
King IVTM* Report on Corporate Governance for South Africa
Forward-looking statements
Limited Assurance over selected FY2021 non-financial indicators by PwC
* Copyright and trademarks are owned by the Institute of Directors in Southern Africa NPC and all of its rights are reserved.


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