| for the |
Half year ended
December 31 |
|
Year ended
June 30
2007
Audited |
| R000s |
2007
Unaudited |
|
2006
Unaudited |
Percentage
change |
| Revenue |
53 884 531 |
|
47 871 908 |
12,6 |
95 655 509 |
| Cost of revenue |
(43 711 260) |
|
(38 766 554) |
|
(77 330 818) |
| Gross profit |
10 173 271 |
|
9 105 354 |
11,7 |
18 324 691 |
| Other income |
197 842 |
|
89 614 |
|
419 408 |
| Operating expenses |
(7 913 027) |
|
(7 109 232) |
|
(14 197 315) |
| Sales and distribution costs |
(5 223 674) |
|
(4 405 740) |
|
(9 432 053) |
| Administration expenses |
(1 993 116) |
|
(1 996 684) |
|
(3 940 085) |
| Other costs |
(696 237) |
|
(706 808) |
|
(825 177) |
| |
|
|
|
|
|
| Operating profit |
2 458 086 |
|
2 085 736 |
17,9 |
4 546 784 |
| Net finance charges |
(445 468) |
|
(224 989) |
|
(566 181) |
| Finance income |
49 311 |
|
36 931 |
|
79 521 |
| Finance charges |
(494 779) |
|
(261 920) |
|
(645 702) |
| Share of profit of associates |
59 081 |
|
37 667 |
|
68 354 |
| Dividends received |
24 388 |
|
8 031 |
|
9 083 |
| Share of retained earnings |
34 693 |
|
29 636 |
|
59 271 |
| Net capital items |
(46 544) |
|
16 695 |
|
( 228 553) |
| Profit before income tax |
2 025 155 |
|
1 915 109 |
5,7 |
3 820 404 |
| Income tax expense |
(525 576) |
|
(519 089) |
|
(1 033 248) |
| Profit for the period |
1 499 579 |
|
1 396 020 |
7,4 |
2 787 156 |
| |
|
|
|
|
|
| Attributable to: |
|
|
|
|
|
| Shareholders of the Company |
1 480 024 |
|
1 367 690 |
8,2 |
2 700 054 |
| Minority shareholders |
19 555 |
|
28 330 |
|
87 102 |
| |
1 499 579 |
|
1 396 020 |
7,4 |
2 787 156 |
| Shares in issue |
|
|
|
|
|
| Weighted (‘000) |
303 283 |
|
299 566 |
|
300 206 |
| Diluted weighted (‘000) |
310 195 |
|
307 756 |
|
307 421 |
| Basic earnings per share (cents) |
488,0 |
|
456,6 |
6,9 |
899,4 |
| Headline earnings per share (cents) |
498,1 |
|
452,4 |
10,1 |
970,0 |
| Diluted basic earnings per share (cents) |
477,1 |
|
444,4 |
7,4 |
878,3 |
| Diluted headline earnings per share (cents) |
487,0 |
|
440,3 |
10,6 |
947,2 |
| Distribution per share (cents)# |
220,0 |
|
198,0 |
11,1 |
446,4 |
| |
|
|
|
|
|
| HEADLINE EARNINGS |
|
|
|
|
|
| The following adjustments to profit attributable to |
|
|
|
|
|
| shareholders were taken into account in the calculation |
|
|
|
|
|
| of headline earnings: |
|
|
|
|
|
| Profit attributable to shareholders of the Company |
1 480 024 |
|
1 367 690 |
8,2 |
2 700 054 |
| Impairment of goodwill and other intangibles |
— |
|
— |
|
65 707 |
| Impairment of investment in associate |
— |
|
— |
|
178 339 |
| Loss (profit) on disposal of investments in subsidiaries, |
|
|
|
|
|
| associates and disposal and closure of operations |
34 047 |
|
(6 055) |
|
595 |
| Loss (profit) |
50 019 |
|
(7 355) |
|
(84) |
| Tax charge (relief) |
(15 972) |
|
1 300 |
|
679 |
| Net profit on disposal of property, plant and equipment |
(3 475) |
|
(8 369) |
|
(12 835) |
| Profit on disposal of property, plant and equipment |
(3 475) |
|
(9 340) |
|
(15 409) |
| Tax charge |
— |
|
971 |
|
1 984 |
| Minority interest |
— |
|
— |
|
590 |
| Share of capital items in associates |
— |
|
1 900 |
|
(19 874) |
| Headline earnings |
1 510 596 |
|
1 355 166 |
11,5 |
2 911 986 |
| Rand/Sterling exchange rates |
|
|
|
|
|
| Opening rate |
14,180 |
|
13,205 |
|
13,205 |
| Closing rate |
13,691 |
|
13,822 |
|
14,180 |
| Average rate |
14,140 |
|
13,745 |
|
13,946 |
