| for the year ended 30 June 2007 |
| |
| Seven-year review |
|
|
|
|
|
|
|
|
2007
R’000 |
2006*
R’000 |
2005
R’000 |
2004
R’000 |
2003
R’000 |
2002
R’000 |
2001
R’000 |
| REVENUE |
34 228 573 |
30 158 994 |
18 958 014 |
10 572 130 |
9 948 595 |
8 207 936 |
5 773 532 |
| Operating income before finance costs |
3 580 717 |
2 898 910 |
2 148 260 |
1 325 629 |
1 037 064 |
700 448 |
705 932 |
| Finance costs |
(1 032 683) |
(668 885) |
(407 557) |
(268 694) |
(197 397) |
(130 190) |
(110 716) |
| Share of associate companies’ retained income |
67 159 |
61 083 |
58 014 |
115 474 |
91 056 |
55 964 |
38 111 |
| Profit before taxation |
2 615 193 |
2 291 108 |
1 798 717 |
1 172 409 |
930 723 |
626 222 |
633 327 |
| Taxation |
(325 208) |
(382 635) |
(213 332) |
(145 444) |
(97 950) |
(52 609) |
(27 130) |
| Net profit after taxation |
2 289 985 |
1 908 473 |
1 585 385 |
1 026 965 |
832 777 |
573 613 |
606 197 |
| Profit from discontinued operations and profit on disposal of operations |
684 455 |
104 833 |
— |
— |
37 366 |
83 171 |
— |
| (Income)/loss attributable to minority interests |
(4 819) |
(64 141) |
(40 387) |
(4 012) |
2 881 |
1 809 |
1 819 |
| Earnings attributable to equity holders |
2 969 621 |
1 949 165 |
1 544 998 |
1 022 953 |
873 020 |
658 593 |
608 016 |
| Total assets |
37 534 458 |
31 951 537 |
24 572 742 |
13 560 510 |
9 484 299 |
8 636 901 |
5 786 255 |
| Shareholders’ equity |
17 275 422 |
12 038 405 |
8 831 351 |
6 454 606 |
4 929 247 |
4 384 369 |
2 895 806 |
| Cash generated from operations |
3 453 848 |
3 485 722 |
1 424 109 |
1 539 365 |
898 265 |
955 011 |
733 923 |
| Basic earnings per share (cents) |
242 |
166 |
137 |
96 |
91 |
76 |
74 |
| Headline earnings per share (cents) |
215 |
173 |
138 |
110 |
102 |
91 |
62 |
| Distribution to shareholders (cents) |
50,0 |
37,5 |
30,0 |
22,0 |
18,0 |
15,0 |
12 |
| Net asset value per share (cents) |
1 292 |
965 |
724 |
575 |
523 |
484 |
349 |
| EBITDA to revenue (%) |
12 |
11 |
12 |
15 |
13 |
12 |
11 |
| Interest cover by generating profit (times) |
3,5 |
4,3 |
5,3 |
4,9 |
5,3 |
5,4 |
6,4 |
| Gearing ratio (net) (%) |
24 |
30 |
21 |
— |
15 |
24 |
20 |
| *Restated (see income statement for details). |
|
| |
|
| HEADLINE EARNINGS PER SHARE |
|
| |
|
| Year ended
30 June |
(cents) |
| 2001 |
62 |
| 2002 |
91 |
| 2003 |
102 |
| 2004 |
110 |
| 2005 |
138 |
| 2006* |
173 |
| 2007 |
215 |
|
| |
|
| NET ASSET VALUE PER SHARE |
| |
| Year ended 30 June |
(cents) |
| 2001 |
349 |
| 2002 |
484 |
| 2003 |
523 |
| 2004 |
575 |
| 2005 |
724 |
| 2006* |
965 |
| 2007 |
1 292 |
|
| |
|
| SHAREHOLDERS' FUNDS |
|
| Year ended 30 June |
(R’m) |
| 2001 |
2 895 |
| 2002 |
4 384 |
| 2003 |
4 929 |
| 2004 |
6 455 |
| 2005 |
8 831 |
| 2006* |
12 038 |
| 2007 |
17 275 |
|
| |
|
| DISTRIBUTION PER SHARE |
|
| Year ended 30 June |
(cents) |
| 2001 |
12 |
| 2002 |
15 |
| 2003 |
18 |
| 2004 |
22 |
| 2005 |
30 |
| 2006* |
37,5 |
| 2007 |
50 |
|
| |
|
|
