Report scope and boundary

Our integrated report covers the financial period October 2013 to September 2014, highlighting all 24 geographic territories in which Barloworld and its subsidiaries operate. Associates and joint ventures are equity accounted. The consolidated data incorporates the company and all entities controlled by Barloworld as a single economic entity.

There are no other entities over which the group has significant influence that it believes should be included in the report. Both financial and non-financial data is aligned to the same financial reporting period, allowing for comparison of performance data.

The report provides a perspective of past and current performance, while giving sight of future prospects and addressing the short, medium and long-term account of the various capitals employed in the value creation activities. Our annual financial statements are prepared in accordance with IFRS unless otherwise stated. Any limitations will be disclosed in the relevant section.

Significant changes during the reporting period

During the reporting period, we disposed of our motor retail business in Australia, effective 31 March 2014.

Changes in accounting policies and discontinued operations

Barloworld’s results for the half year ended 31 March 2013 and year ended 30 September 2013 have been restated to reflect changes in accounting policies as well as the disclosure of the Australian motor retail interests as discontinued operations.

Changes in accounting policies resulting from applying IAS19 (revised) Employee Benefits and IFRS 10 Consolidated Financial Statements, resulted in a restatement of prior year results on a comparable basis. This report covers continuing operations unless stated otherwise.