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  CONSOLIDATED INCOME STATEMENT
   
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  COMMENTARY
   
  DECLARATION OF INTERIM DIVIDEND
   
     

CONSOLIDATED INCOME STATEMENT

 
Half-year ended
 
Year ended  
   
31 December  
31 December  
30 June  
   
2008  
2007  
2008  
   
Unaudited  
Unaudited  
Audited  
   
R 000  
R’000  
R’000  
Turnover  
6 387 524  
2 965 965  
9 158 937  
Cost of sales  
(2 338 355) 
(1 989 074) 
(4 668 547) 
Gross profit  
4 049 169  
976 891  
4 490 390  
Profit on disposal of available-for-sale investments  
—  
22 350  
22 350  
Other income  
955 470  
151 526  
611 737  
Other expenses  
(138 956) 
(95 790) 
(399 005) 
Finance costs  
(189 517) 
(14 411) 
(38 016) 
Profit before taxation and State’s share of profits  
4 676 166  
1 040 566  
4 687 456  
Taxation and State’s share of profits  
(1 642 159) 
(341 869) 
(1 509 091) 
Profit for the period  
3 034 007  
698 697  
3 178 365  
Earnings attributable to:  
Shareholders of the holding company  
2 980 574  
670 926  
3 069 522  
Minority shareholders  
53 433  
27 771  
108 843  
Profit for the period (as above)  
3 034 007  
698 697  
3 178 365  
Attributable earnings as above  
2 980 574  
670 926  
3 069 522  
Profit on disposal (net of tax) of:  
– Available-for-sale investments  
—  
(19 110) 
(19 221) 
– Property, plant and equipment  
(3 902) 
(191) 
7 407  
Headline earnings  
2 976 672  
651 625  
3 057 708  
Earnings per share (cents)  
12 461  
2 485  
11 406  
Headline earnings per share (cents)  
12 444  
2 413  
11 362  
Dividends per share declared in respect of the  
abovementioned earnings (cents)  
1 000  
 
250  
 
1 250  
– Interim  
1 000  
 
250  
 
250  
– Final  
 
 
 
 
1 000  
Weighted average number of ordinary  
shares for the period (million)  
Ordinary shares in issue  
27,75  
28,00  
28,00  
Treasury shares  
– Held by group companies  
(2,92) 
(0,09) 
(0,18) 
– Held by Bokamoso Trust  
(0,91) 
(0,91) 
(0,91) 
Weighted average ordinary shares for the period  
23,92  
 
27,00  
 
26,91  
Net asset value per share (Rand)  
279,0  
145,7  
175,9  
Capital expenditure (R million)  
806,8  
823,6  
1 537,0  
Capital commitments (R million)  
2 002,5  
 
1 363,3  
 
857,3