| |
| Condensed income statement |
| for the year ended June 30 |
 |
| |
|
2006 |
|
|
2005 |
|
|
| R000’s |
|
Audited |
|
|
Restated
Audited |
|
Percentage
change |
| Revenue |
|
77
276 493 |
|
|
62 811 776 |
|
23,0 |
| Cost of revenue |
|
(61
589 806) |
|
|
(49 957 282) |
|
|
| Gross profit |
|
15
686 687 |
|
|
12 854 494 |
|
22,0 |
| Other income |
|
140
331 |
|
|
122 360 |
|
|
| Operating expenses |
|
(12
135 511) |
|
|
(9 960 501) |
|
|
| Sales
and distribution expenses |
|
(7
215 356) |
|
|
(5
877 351) |
|
|
| Administration
expenses |
|
(3
606 424) |
|
|
(2
994 130) |
|
|
| Other
costs |
|
(1
313 731) |
|
|
(1
089 020) |
|
|
|
|
|
|
|
|
|
|
| Operating profit |
|
3
691 507 |
|
|
3 016 353 |
|
22,4 |
| Net finance charges |
|
(342
392) |
|
|
(285 105) |
|
|
| Finance
income |
|
66
295 |
|
|
42
291 |
|
|
| Finance
charges |
|
(408
687) |
|
|
(327
396) |
|
|
| Share of profit of associates |
|
48
846 |
|
|
38 846 |
|
|
| Dividends
received |
|
4
991 |
|
|
6
905 |
|
|
| Share
of retained earnings |
|
43
855 |
|
|
31
941 |
|
|
| Profit before taxation |
|
3
397 961 |
|
|
2 770 094 |
|
22,7 |
| Income tax expense |
|
(933
418) |
|
|
(797 755) |
|
|
| Profit for the year |
|
2
464 543 |
|
|
1 972 339 |
|
25,0 |
| Attributable to: |
|
|
|
|
|
|
|
| Shareholders
of the Company |
|
2
388 717 |
|
|
1 961 231 |
|
21,8 |
| Minority
shareholders |
|
75
826 |
|
|
11 108 |
|
|
| |
|
2
464 543 |
|
|
1 972 339 |
|
25,0 |
| Shares in issue (000’s) |
|
|
|
|
|
|
|
| Total |
|
299
154 |
|
|
299 421 |
|
|
| Weighted |
|
299
976 |
|
|
302 700 |
|
|
| Diluted
weighted |
|
313
826 |
|
|
310 185 |
|
|
| Basic earnings per share (cents) |
|
796,3 |
|
|
647,9 |
|
22,9 |
| Headline earnings per share
(cents) |
|
804,6 |
|
|
656,4 |
|
22,6 |
| Diluted earnings per share (cents) |
|
761,2 |
|
|
632,3 |
|
20,4 |
| Diluted headline earnings per
share (cents) |
|
769,1 |
|
|
640,6 |
|
20,1 |
| Distribution per share (cents) |
|
369,0 |
|
|
306,0 |
|
20,6 |
| * Includes distribution from
share premium |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| HEADLINE EARNINGS |
|
|
|
|
|
|
|
The following adjustments
to profit attributable
to shareholders were taken into account in the
calculation of headline earnings: |
|
|
|
|
|
|
|
| Income attributable to shareholders
of the Company |
|
2
388 717 |
|
|
1 961 231 |
|
21,8 |
| Impairment of goodwill and other
intangibles |
|
14
174 |
|
|
10 292 |
|
|
| Net loss on disposal and closure
of businesses |
|
19
951 |
|
|
6 594 |
|
|
| Loss
(surplus) on disposal and closure of businesses |
|
(29
212) |
|
|
6
053 |
|
|
| Tax
charge |
|
49
638 |
|
|
1
822 |
|
|
| Minority
interest |
|
(475) |
|
|
(1
281) |
|
|
Net loss (surplus)
on disposal of property,
plant and equipment |
|
(11
915) |
|
|
7
762 |
|
|
Loss
(surplus) on disposal of property, plant
and equipment |
|
(15
689) |
|
|
13
410 |
|
|
| Tax
charge (relief) |
|
3
774 |
|
|
(5
627) |
|
|
| Minority
interest |
|
— |
|
|
(21) |
|
|
| Negative goodwill recognised
in profit |
|
(2
457) |
|
|
— |
|
|
| Negative
goodwill recognised in profit |
|
(3
780) |
|
|
— |
|
|
| Minority
interest |
|
1
323 |
|
|
— |
|
|
| Share of capital items in
associates |
|
5
059 |
|
|
1 108 |
|
|
| Headline earnings |
|
2
413 529 |
|
|
1 986 987 |
|
21,5 |
| Rand/Sterling exchange rates |
|
|
|
|
|
|
|
| Opening
rate |
|
11,532 |
|
|
11,285 |
|
|
| Closing
rate |
|
13,205 |
|
|
11,957 |
|
|
| Average
rate |
|
11,435 |
|
|
11,532 |
|
|
|
| |
|
|
