| |
30 June |
30 June |
|
31 December |
| |
(Unaudited) |
(Unaudited) |
|
(Audited) |
| |
2009 |
2008 |
Change |
2008 |
| |
R000 |
R000 |
% |
R000 |
| Revenue |
12 420 348 |
13 964 024 |
(11) |
33 736 910 |
| Trading profit |
801 412 |
1 435 909 |
(44) |
3 026 017 |
| Depreciation and amortisation |
(147 742) |
(111 995) |
|
(240 942) |
| Operating profit before interest and taxation |
653 670 |
1 323 914 |
(51) |
2 785 075 |
| Non-trading items |
5 965 |
1 628 |
|
(163 567) |
| Interest received |
77 179 |
54 035 |
|
138 711 |
| Interest paid |
(150 119) |
(136 819) |
|
(314 071) |
| Profit before share of associates’ profit |
586 695 |
1 242 758 |
|
2 446 148 |
| Share of associates’ profit before taxation |
35 032 |
33 529 |
|
66 076 |
| Profit before taxation |
621 727 |
1 276 287 |
|
2 512 224 |
| Taxation |
(91 230) |
(123 688) |
|
(243 030) |
| Profit for the period |
530 497 |
1 152 599 |
|
2 269 194 |
| Profit attributable to |
|
|
|
|
| |
Ordinary shareholders |
483 780 |
1 104 515 |
(56) |
2 157 890 |
| |
Preference shareholders |
39 426 |
45 283 |
|
90 892 |
| |
Equity holders of the parent |
523 206 |
1 149 798 |
|
2 248 782 |
| |
Minority interest |
7 291 |
2 801 |
|
20 412 |
| |
530 497 |
1 152 599 |
|
2 269 194 |
| Exchange rates (R/US$) |
|
|
|
|
| |
Opening exchange rate |
9,45 |
6,89 |
|
6,89 |
| |
Closing exchange rate |
7,77 |
7,86 |
|
9,45 |
| |
Average exchange rate |
9,24 |
7,67 |
|
8,27 |
| RECONCILIATION OF HEADLINE EARNINGS |
|
|
|
|
| Profit attributable to ordinary shareholders |
483 780 |
1 104 515 |
|
2 157 890 |
| Adjusted for: |
(5 965) |
(1 628) |
|
163 567 |
| |
IAS 38 impairment of goodwill |
– |
– |
|
12 987 |
| |
IAS 38 impairment of intangible asset |
– |
– |
|
62 660 |
| |
IFRS 3 negative goodwill realised |
– |
– |
|
(216) |
| |
IAS 16 impairment of plant and equipment |
894 |
– |
|
93 772 |
| |
IFRS 3 net profit on disposal of investments |
(3 328) |
(2 758) |
|
(43 179) |
| |
IAS 16 net (profit)/loss on sale of plant and equipment |
(2 726) |
1 130 |
|
1 631 |
| |
IAS 21 the effect of changes on foreign exchange rates |
(805) |
– |
|
35 912 |
|
|
|
|
|
|
|
Headline earnings |
477 815 |
1 102 887 |
|
2 321 457 |
|
|
|
|
|
|
|
|
30 June |
30 June |
|
31 December |
|
|
(Unaudited) |
(Unaudited) |
Change |
(Audited) |
|
|
2009 |
2008 |
% |
2008 |
| ORDINARY SHARE PERFORMANCE |
|
|
|
|
|
Number of shares in issue less treasury shares |
(000’s) |
452 384 |
452 558 |
|
450 252 |
|
Weighted average number of shares on which earnings per share are based |
(000’s) |
451 944 |
454 237 |
|
453 640 |
|
Diluted weighted average number of shares on which diluted earnings per
share are based |
(000’s) |
455 243 |
461 618 |
|
459 930 |
|
Earnings per share |
(cents) |
|
|
|
|
|
|
Basic |
|
107,0 |
243,2 |
(56) |
475,7 |
|
|
Diluted |
|
106,3 |
239,3 |
(56) |
469,2 |
|
Headline earnings per share |
(cents) |
|
|
|
|
|
|
Basic |
|
105,7 |
242,8 |
(56) |
511,7 |
|
|
Diluted |
|
105,0 |
238,9 |
|
504,7 |
|
Dividends per share |
(cents) |
|
|
|
|
|
|
Interim |
|
30,0 |
68,0 |
(56) |
68,0 |
|
|
Final |
|
– |
– |
|
68,0 |
|
Dividend cover |
(times) |
3,6 |
3,6 |
|
3,5 |
