| for the year ended 30 June 2008 |
|
|
|
|
|
|
| |
|
|
|
2008 |
|
2007 |
| |
|
Note |
|
R’000 |
|
R’000 |
| Share capital |
|
|
|
|
|
|
| Balance at beginning and end of year |
|
8 |
|
700 |
|
700 |
| Share premium |
|
|
|
|
|
|
| Balance at beginning and end of year |
|
9 |
|
30 358 |
|
30 358 |
| Treasury shares |
|
|
|
|
|
|
| Balance at beginning of year |
|
|
|
(86 262) |
|
(78 526) |
| Treasury shares purchased during the year |
|
|
|
(27 407) |
|
(7 736) |
| Treasury shares warehoused |
|
|
|
(2 228 056) |
|
– |
| Balance at end of year |
|
10 |
|
(2 341 725) |
|
(86 262) |
| Retained earnings |
|
|
|
|
|
|
| Balance at beginning of year |
|
|
|
3 115 510 |
|
2 421 878 |
| Profit for the year |
|
|
|
3 069 522 |
|
774 704 |
| Ordinary dividends declared during the year |
|
|
|
(121 608) |
|
(81 072) |
| Final dividend No. 101 of 200 cents (2007: 150 cents) per share |
|
|
|
|
|
|
| – declared on 29 August 2007 |
|
|
|
(56 000) |
|
(42 000) |
| Interim dividend No. 102 of 250 cents (2007: 150 cents) per share |
|
|
|
|
|
|
| – declared on 18 February 2008 |
|
|
|
(70 000) |
|
(42 000) |
| Less: Dividends attributable to treasury shares |
|
|
|
4 392 |
|
2 928 |
|
| Balance at end of year |
|
|
|
6 063 424 |
|
3 115 510 |
| |
|
|
|
|
|
|
| Other reserves |
|
|
|
|
|
|
| Balance at beginning of year |
|
|
|
170 401 |
|
100 906 |
| |
|
|
|
187 714 |
|
69 495 |
| Net increase in the market value of available-for-sale investments |
|
|
|
209 669 |
|
76 791 |
| Deferred capital gains taxation provided on revaluation of available-for-sale |
|
|
|
|
|
|
| investments to market value |
|
|
|
(27 675) |
|
(7 566) |
| Foreign currency translation reserve arising on consolidation |
|
|
|
5 720 |
|
270 |
|
| Balance at end of year |
|
11 |
|
358 115 |
|
170 401 |
| Share capital and reserves at year-end per balance sheet |
|
|
|
4 110 872 |
|
3 230 707 |
| |
|
|
|
|
|
|
