| |
|
|
|
|
Percentage |
| R000s |
|
2008 |
|
2007 |
change |
| Revenue |
|
110 477 551 |
|
95 655 509 |
15,5 |
| Cost of revenue |
|
(88 785 765) |
|
(77 330 818) |
|
| Gross income |
|
21 691 786 |
|
18 324 691 |
18,4 |
| Other income |
|
267 357 |
|
419 408 |
|
| Operating expenses |
|
(16 624 277) |
|
(14 197 315) |
|
| Sales and distribution expenses |
|
(11 201 947) |
|
(9 432 053) |
|
| Administration expenses |
|
(4 234 615) |
|
(3 940 085) |
|
| Other expenses |
|
(1 187 715) |
|
(825 177) |
|
| Net capital items |
|
9 041 |
|
(50 214) |
|
| Operating profit |
|
5 343 907 |
|
4 496 570 |
18,8 |
| Net finance charges |
|
(931 040) |
|
(566 181) |
|
| Finance income |
|
88 396 |
|
79 521 |
|
| Finance charges |
|
(1 019 436) |
|
(645 702) |
|
| Share of profit of associates |
|
121 962 |
|
68 354 |
|
| Dividends received |
|
25 526 |
|
9 083 |
|
| Share of current year earnings |
|
96 436 |
|
59 271 |
|
| Impairment of associates |
|
— |
|
(178 339) |
|
| Profit before taxation |
|
4 534 829 |
|
3 820 404 |
18,7 |
| Taxation |
|
(1 199 960) |
|
(1 033 248) |
|
| Profit for the year |
|
3 334 869 |
|
2 787 156 |
19,7 |
| Attributable to: |
|
|
|
|
|
| Shareholders of the Company |
|
3 252 884 |
|
2 700 054 |
20,5 |
| Minority shareholders |
|
81 985 |
|
87 102 |
|
| |
|
3 334 869 |
|
2 787 156 |
19,7 |
| Shares in issue |
|
|
|
|
|
| Weighted (‘000) |
|
303 159 |
|
300 206 |
|
| Diluted weighted (‘000) |
|
308 075 |
|
307 421 |
|
| Basic earnings per share (cents) |
|
1 073,0 |
|
899,4 |
19,3 |
| Headline earnings per share (cents) |
|
1 068,0 |
|
970,0 |
10,1 |
| Diluted basic earnings per share (cents) |
|
1 055,9 |
|
878,3 |
20,2 |
| Diluted headline earnings per share (cents) |
|
1 051,0 |
|
947,2 |
11,0 |
| Distributions per share (cents)* |
|
495,0 |
|
446,4 |
10,9 |
| *Includes distributions from share premium. |
|
|
|
|
|
| HEADLINE EARNINGS |
|
|
|
|
|
| The following adjustments to profit attributable to shareholders of the Company were taken into account in the calculation of headline earnings: |
|
|
|
|
|
| Income attributable to shareholders of the Company |
|
3 252 884 |
|
2 700 054 |
20,5 |
| Impairments of property, plant and equipment; goodwill and intangibles |
|
59 639 |
|
65 707 |
|
| Property, plant and equipment and intangible assets |
|
46 969 |
|
585 |
|
| Goodwill |
|
16 753 |
|
65 122 |
|
| Tax relief |
|
(4 083) |
|
— |
|
| Net loss on disposal of investments in subsidiaries and associates, and disposal and closure of businesses |
|
54 163 |
|
595 |
|
|
Loss (profit) on disposal and closure |
|
60 480 |
|
(84) |
|
| Tax charge (relief) |
|
(6 317) |
|
679 |
|
| Net profit on disposal of property, plant and equipment and intangible assets |
|
(42 419) |
|
(12 835) |
|
| Property, plant and equipment |
|
(46 789) |
|
(15 409) |
|
| Intangible assets |
|
42 |
|
— |
|
| Tax charge |
|
4 328 |
|
1 984 |
|
| Minority shareholders |
|
— |
|
590 |
|
| Negative goodwill |
|
(86 463) |
|
— |
|
| Arising on acquisition of subsidiaries |
|
(86 496) |
|
— |
|
| Minority shareholders |
|
33 |
|
— |
|
| Impairment of investment in associate |
|
— |
|
178 339 |
|
| Share of capital items in associates |
|
— |
|
(19 874) |
|
| Headline earnings |
|
3 237 804 |
|
2 911 986 |
11,2 |
| Rand/Sterling exchange rates |
|
|
|
|
|
| Opening rate |
|
14,18 |
|
13,20 |
|
| Closing rate |
|
15,89 |
|
14,18 |
|
| Average rate |
|
14,64 |
|
13,95 |
|
