Four-year Financial Review

CONSOLIDATED INCOME STATEMENTS

          
    2009 2008 2007 2006
  Notes R R R R
Revenue 1 27 246 155 34 032 163 90 409 714 55 901 315
Operating costs   (14 931 509) (16 136 711) (9 194 173) (3 960 830)
Profit from operations   12 314 646 17 895 452 81 215 541 51 940 485
Impairment of investment in associates   – (92 131 891) (750 380) –
Finance costs   (31 938 621) (8 934 260) (35 980) (2 360)
Negative goodwill from associates 2 80 622 752 784 087 333 – –
Share of profit from associates 1 118 190 856 47 051 571 366 958 –
Profit before taxation   179 189 633 747 968 205 80 796 139 51 938 125
Taxation   (7 469 723) (9 385 063) (7 718 013) (6 241 518)
Profit for the year   171 719 910 738 583 142 73 078 126 45 696 607
Attributable to ordinary shareholders   171 719 910 738 583 142 73 078 126 45 696 607
Headline earnings 3 96 472 972 84 763 045 66 217 162 34 299 303
Adjusted headline earnings 3 96 515 692 84 763 045 66 217 162 34 299 303
General:          
1. Revenue from associates is disclosed as share of profit from associates.
2. Negative goodwill arose as a result of purchasing additional shares in SunWest International (Pty) Limited (“SunWest”).
3. Headline earnings is the profit attributable to ordinary shareholders after reversing the adjustments detailed in note 6 of the annual financial statements. Adjusted headline earnings has been adjusted for the consolidation of the Employee Share Trust as the group does not receive the economic benefits of the trust.

Consolidated balance sheets

        
  2009 2008 2007 2006
  R R R R
Non-current assets 1 872 354 303 1 696 386 628 227 964 581 188 775 151
Current assets 84 017 538 95 625 715 81 193 511 98 176 416
Total assets 1 956 371 841 1 792 012 343 309 158 092 286 951 567
Shareholders’ interest 1 639 715 475 1 572 534 408 239 897 827 165 374 470
Preference share capital 285 123 865 201 398 108 57 797 500 115 297 500
Deferred tax liability 2 371 973 2 841 772 2 922 603 2 323 973
Current liabilities 29 160 528 15 238 055 8 540 162 3 955 624
Total equity and liabilities 1 956 371 841 1 792 012 343 309 158 092 286 951 567
         

Share statistics

        
  2009 2008 2007 2006
  R R R R
Shares in issue at year-end (before deducting the treasury shares) 449 581 319 469 028 354 332 038 052 320 001 140
Shares in issue at year-end (after deducting the treasury shares)** 443 761 319 – – –
Weighted average number of shares in issue 462 033 176 365 766 533 323 010 368 273 779 140
Adjusted weighted average number of shares in issue 462 033 176 365 766 533 323 010 368 273 779 140
Basic and diluted earnings per share (cents) 37,17 200,98 20,34 12,53
Headline earnings per share (cents) 20,88 23,17 20,50 12,53
Adjusted headline earnings per share (cents)** 20,89 23,17 20,50 12,53
Proposed dividends per share (cents)* 7,5 10,0 7,5 4,5
Net asset value per share (cents) 370 335 90 88
* Dividends declared in respect of the year-end.
** The consolidation of the Employee Share Trust is reversed as the group does not receive the economic benefits of the Trust.