CONSOLIDATED INCOME STATEMENT
Half-year ended | Year ended | ||||
31 December | 31 December | 30 June | |||
2007 | 2006 | 2006 | |||
Unaudited | Unaudited | Audited | |||
R000 | R'000 | R000 | |||
Turnover | 2 965 965 | 1 864 865 | 4 293 036 | ||
Cost of sales | (1 989 074) | (1 402 621) | (3 174 247) | ||
Gross profit | 976 891 | 462 244 | 1 118 789 | ||
Profit on disposal of available-for-sale investments | 22 350 | | 43 025 | ||
Other income | 151 526 | 99 152 | 233 113 | ||
Other expenses | (95 790) | (92 766) | (195 017) | ||
Finance costs | (14 411) | (8 538) | (27 471) | ||
Profit before taxation and State’s share of profits | 1 040 566 | 460 092 | 1 172 439 | ||
Taxation and State’s share of profits | (341 869) | (148 577) | (369 084) | ||
Profit for the period | 698 697 | 311 515 | 803 355 | ||
Earnings attributable to: | |||||
Shareholders of the holding company | 670 926 | 299 939 | 774 704 | ||
Minority interests | 27 771 | 11 576 | 28 651 | ||
As above | 698 697 | 311 515 | 803 355 | ||
Earnings per share (cents) | 2 485 | 1 108 | 2 863 | ||
Headline earnings per share (cents) | 2 413 | 1 102 | 2 720 | ||
Dividends per share declared in respect of the abovementioned earnings (cents) |
250 | 150 | 350 | ||
– Interim | 250 | 150 | 150 | ||
– Final | 200 | ||||
Determination of headline earnings per share | |||||
Attributable earnings as above | 670 926 | 299 939 | 774 704 | ||
Profit on disposal (net of tax) of: | |||||
Available-for-sale investments | (19 110) | | (36 786) | ||
Property, plant and equipment | (191) | (1 427) | (1 897) | ||
Headline earnings | 651 625 | 298 512 | 736 021 | ||
Weighted average number of ordinary shares (million) | |||||
Ordinary shares in issue | 28,00 | 28,00 | 28,00 | ||
Treasury shares | (1,00) | (0,92) | (0,94) | ||
Weighted average ordinary shares | 27,00 | 27,08 | 27,06 | ||
Net asset value per share (Rand) | 145,7 | 103,5 | 121,4 | ||
Capital expenditure (R million) | 823,6 | 365,6 | 1 173,2 | ||
Capital commitments (R million) | 1 363,3 | 2 234,4 | 1 785,9 |