| |
|
|
Restated |
|
| |
|
Unaudited |
Unaudited |
Audited |
| |
|
31 December |
31 December |
30 June |
| |
|
2008 |
2007 |
2008 |
| |
Notes |
R’000 |
R’000 |
R’000 |
| Revenue |
1 |
13 320 |
16 381 |
34 032 |
| Operating costs |
2 |
(8 222) |
(7 422) |
(16 137) |
| Profit from operations |
|
5 098 |
8 959 |
17 895 |
| Share of profit from associates |
3 |
59 986 |
1 483 |
47 052 |
| Impairment of investment in associate |
4 |
– |
– |
(92 132) |
| Negative goodwill from associate |
5 |
80 623 |
784 087 |
784 087 |
| Net income before finance costs and taxation |
|
145 707 |
794 529 |
756 902 |
| Finance costs |
6 |
(15 176) |
(554) |
(8 934) |
| Net profit before tax |
|
130 531 |
793 975 |
747 968 |
| Taxation |
|
(3 760) |
(4 334) |
(9 385) |
| Net profit for the year |
|
126 771 |
789 641 |
738 583 |
| Attributable to ordinary shareholders |
|
126 771 |
789 641 |
738 583 |
| Reconciliation of earnings per share |
|
|
|
|
| Basic earnings |
|
126 771 |
789 641 |
738 583 |
| Preference dividend |
|
– |
(3 481) |
(3 481) |
| Attributable profit after preference dividend |
|
126 771 |
786 160 |
735 102 |
| Negative goodwill from associate |
|
(80 623) |
(784 087) |
(784 087) |
| Impairment of investment in associate |
|
– |
– |
92 132 |
| Associates |
|
2 754 |
43 064 |
41 054 |
| – BEE transaction |
|
– |
43 064 |
43 064 |
| – Gain on disposal of plant and equipment |
|
– |
– |
(60) |
| – Gain on disposal of investments recycled to income statement |
|
– |
– |
(2 312) |
| – Provision for pension fund exposure |
|
2 754 |
– |
362 |
| Tax effect of above |
|
– |
– |
563 |
| Headline earnings |
|
48 902 |
45 137 |
84 764 |
| Headline earnings and dividend per share |
|
|
|
|
| Shares in issue (000) |
|
460 667 |
374 720 |
469 028 |
| Weighted average shares (000) |
|
464 003 |
360 410 |
365 767 |
| Basic earnings per share (cents) |
|
27,32 |
218,13 |
200,98 |
| Diluted earnings per share (cents) |
|
27,32 |
184,20 |
200,98 |
| Headline earnings per share (cents) |
7 |
10,54 |
12,52 |
23,17 |
| Dividends paid per share (cents)* |
|
10,00 |
7,50 |
7,50 |
| |
|
|
|
|
