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BUSINESS MODEL
AND STRATEGIC
OBJECTIVES
LEADERSHIP
GOVERNANCE
OPERATING
PERFORMANCE
SHAREHOLDERS’
INFORMATION AND
ADMINISTRATION
FINANCIAL
PERFORMANCE
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
195
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2014
APS Group*
RSA and Nigeria
International
distribution
Blue Label Data Solutions
RSA
Solutions
2014
2013
2014
2013
Effective 24**
Effective 33
19
19
R’000
R’000
R’000
R’000
—
—
3 166
3 919
720
1 317
30 038
23 993
720
1 317
33 204
27 912
(109 108)
(75 089)
23 973
12 088
26 222
24 502
856
714
83 606
51 904
8 375
15 110
720
1 317
33 204
27 912
(26 000)
(24 862)
4 555
2 297
—
—
92 111
66 870
(34 019)
(40 819)
21 385
19 495
(12 125)
(22 609)
4 063
3 704
(31 341)
(39 092)
13 509
18 301
—
—
(603)
(1 490)
31 321
38 048
(9 350)
(15 023)
(20)
(1 044)
3 556
1 788
—
—
1 805
—