Financial summary and statistics

Sales (R million)
Total assets (R million)
Market capitalisation (R million)
Cash and cash equivalents (R million)
  Group
R million, unless stated otherwiseCompounded annual growth rate %F2014 RmRestated
F2013
Rm
F2012 RmF2011 RmF2010 RmF2009 RmF2008 RmF2007 RmF2006 RmF2005 RmF2004 Rm
Income statement             
Sales1010 0047 34217 53014 89311 02210 09412 5906 1524 6225 4853 885
Basic earnings113 2891 6343 4383 3661 8122 8684 4871 2206014621 108
Headline earnings564 1083 7373 4513 3741 7142 3174 0131 20746233947
Basic earnings per share (cents)61 5217591 6091 5818541 3552 131586293225865
Headline earnings per share (cents)481 9001 7351 6151 5858071 0941 90658022516637
Dividend declared after year-end per share (cents) 600510475450200175400150n/an/an/a
Statement of financial position             
Total assets1236 45833 83935 31632 38628 23325 49924 87818 14414 61111 76611 460
Cash and cash equivalents202 1501 9653 5643 6683 0393 5132 6601 063439288357
Total interest bearing borrowings73 5023 9923 2373 0693 3463 7443 9784 0442 2521 5741 831
Shareholders’ equity1328 19925 46324 40522 17018 52916 75115 67611 21810 3937 9727 954
Statement of cash flows             
Cash generated from operations132 0731 5655 9695 9883 4306 6785 1752 5371 2431 661603
Net cash outflow from investing activities6(1 222)(1 720)(4 077)(3 382)(2 324)(3 135)(2 427)(2 691)(1 444)(826)(691)
Net cash (outflow)/inflow from financing activities (759)474179(588)(729)(171)(175)1 562893(549)280
Number of employees1014 06613 73112 27311 49610 2819 6438 7477 7256 9436 1075 162
Number of contractors 10 64510 98514 21417 20812 4957 1349 1895 9074 862NRNR
Exchange rates             
Average rate US$1 = R410.368.837.776.997.599.037.307.206.406.216.90
Closing rate US$1 = R510.639.938.166.767.677.727.837.077.166.656.26
JSE Limited performance             
Ordinary shares (Rands)             
– high17240209199236206291307138523848
– low161431391591461177610353322532
– year-end19187150166189161130280123483434
Volume of shares traded (thousands)15110 911113 00398 740121 051138 241113 69084 67840 20339 71151 38226 547
Number of ordinary shares in issue (thousands)1216 748215 625214 852214 852216 292212 068211 556209 730206 367204 437204 208
Financial statisticsDefinition number            
Liquidity ratios (x)             
Current ratio11.91.92.42.42.21.51.81.51.41.61.5
Quick ratio21.61.51.81.81.71.11.51.11.01.00.9
Cash ratio33.66.55.212.65.91.61.60.80.80.80.4
Profitability (%)             
Return on operational assets49.37.120.124.115.220.439.625.117.620.67.5
Return on capital employed515.014.117.719.812.018.236.316.49.28.28.2
Return on equity615.415.514.915.99.614.327.011.14.55.20.7
Gross margin724.720.134.640.432.140.156.245.728.531.821.1
Operating margin816.716.029.836.326.536.753.040.324.129.013.6
Debt leverage             
Interest cover (x)919.121.923.725.416.011.116.76.98.58.55.4
Gross debt to equity ratio (%)101216131418252536222023
Net debt to equity ratio (%)1158n/an/a21827171619
Other             
Net asset value per share (R/share)121231121089984767052503232
Market capitalisation1340 53832 29235 67040 17634 24327 54859 23625 9009 9576 9496 943
Dividend cover (x)143.173.403.403.524.046.254.763.87n/an/an/a
EBITDA152 6201 9826 5316 5173 9074 4847 2292 8871 5522 025725
EBITDA margin (%)162627374435445747343719
Effective tax rate1713(5)313234393036333719
Effective tax rate excluding exceptional items181410313235443036373852

Definitions

  1. 1 Current ratio (times)
    Current assets divided by current liabilities.
  2. 2 Quick ratio (times)
    Current assets less inventories divided by current liabilities.
  3. 3 Cash ratio (times)
    Cash and cash equivalents divided by overdrafts and short-term borrowings less overdrafts.
  4. 4 Return on operational assets (%)
    Profit from operations divided by tangible assets (property, plant and equipment and current assets) excluding capital work in progress.
  5. 5 Return on capital employed (%)
    Profit before exceptional items and finance costs, divided by average capital employed. Capital employed comprises non- current and current assets less trade and other payables and provisions.
  6. 6 Return on equity (%)
    Headline earnings divided by ordinary shareholders’ interest in capital and reserves.
  7. 7 Gross margin (%)
    Gross profit divided by sales.
  8. 8 Operating margin (%)
    Profit from operations before exceptional items divided by sales.
  9. 9 Interest cover (times)
    Profit before exceptional items and finance costs divided by finance costs.
  10. 10 Gross debt to equity ratio
    Total debt divided by total equity. Total debt comprises long-term borrowings, overdrafts and short-term borrowings. Total equity comprises total shareholders’ interest.
  1. 11 Net debt to equity ratio
    Total debt less cash and cash equivalents divided by total equity. Total debt comprises long-term borrowings, overdrafts and short-term borrowings. Total equity comprises total shareholders’ interest.
  2. 12 Net asset value per share (Rands)
    Ordinary shareholders’ interest in capital and reserves divided by number of shares in issue.
  3. 13 Market capitalisation (R million)
    Number of ordinary shares in issue multiplied by market value of shares at 30 June.
  4. 14 Dividend cover (times)
    Headline earnings per share divided by dividend per share.
  5. 15 EBITDA (R million)
    Earnings before interest, taxation, depreciation, amortisation, income from associate, income from joint venture and exceptional items.
  6. 16 EBITDA margin (%)
    EBITDA divided by sales.
  7. 17 Effective tax rate
    Taxation in the income statement divided by profit before tax.
  8. 18 Effective tax rate excluding exceptional items
    Taxation in the income statement less tax on exceptional items divided by profit before tax and exceptional items.