| |
|
Reviewed |
Audited |
|
| |
|
30 June |
30 June |
|
| |
|
2009 |
2008 |
% |
| |
Note |
R’000s |
R’000s |
change |
| Revenue |
1 |
27 451 |
34 032 |
(19) |
| Operating costs |
2 |
(14 932) |
(16 137) |
(7) |
| Profit from operations |
|
12 519 |
17 895 |
(30) |
| Share of profit from associates |
3 |
118 191 |
47 052 |
151 |
| Impairment in investment in associates |
4 |
– |
(92 132) |
(100) |
| Negative goodwill from associates |
5 |
80 623 |
784 087 |
(90) |
| Net income before finance costs and taxation |
|
211 333 |
756 902 |
(72) |
| Finance costs |
6 |
(31 939) |
(8 934) |
240 |
| Net profit before tax |
|
179 394 |
747 968 |
(76) |
| Taxation |
|
(7 470) |
(9 385) |
(20) |
| Net profit for the year |
|
171 924 |
738 583 |
(77) |
| Attributable to ordinary shareholders |
|
171 924 |
738 583 |
|
| Reconciliation of earnings per share |
|
|
|
|
| Basic earnings |
|
171 924 |
738 583 |
|
| Preference dividend |
|
– |
(3 481) |
|
| Attributable profit after preference dividend |
|
171 924 |
735 102 |
|
| Negative goodwill from associates |
|
(80 623) |
(784 087) |
|
| Impairment in investment in associates |
|
– |
92 132 |
|
| Loss on disposal of plant and equipment |
|
13 |
– |
|
| Profit on sale of subsidiary |
|
(213) |
– |
|
| Tax on above |
|
56 |
– |
|
| Associates |
|
5 548 |
41 054 |
|
| – BEE transaction |
|
– |
43 064 |
|
| – (Gain)/Loss on disposal of plant and equipment |
|
53 |
(60) |
|
| – Gain on disposal of investments recycled to income statement |
|
(869) |
(2 312) |
|
| – Impairment of casino licence |
|
3 613 |
– |
|
| – Provision for pension fund exposure |
|
2 751 |
362 |
|
| Tax effect of above |
|
(28) |
563 |
|
| Headline earnings |
|
96 677 |
84 764 |
|
| Reversal of employee share trust consolidated** |
|
(162) |
– |
|
| Adjusted headline earnings |
|
96 515 |
84 764 |
|
| |
|
|
|
|
| Headline earnings and dividend per share |
|
|
|
|
| Shares in issue (‘000s) |
|
443 761 |
469 028 |
|
| Weighted average shares (‘000s) |
|
462 033 |
365 767 |
|
| Adjusted weighted average shares (‘000s) |
|
462 033 |
– |
|
| Basic earnings per share (cents) |
|
37,21 |
200,98 |
|
| Diluted earnings per share (cents) |
|
37,21 |
200,98 |
|
|
Headline earnings per share (cents) |
7 |
20,92 |
23,17
|
|
| Adjusted headline earnings per share (cents)** |
|
20,89
|
– |
|
| Dividends paid per share (cents)* |
|
10,00 |
7,50 |
|
| * |
Final dividend declared in respect of the previous financial
year and paid in December. |
| ** |
The consolidation of the Employee Share Trust is reversed as
the group does not receive the economic benefits of the trust.
|
|
