Supplementary financial information
   
 
 
   12-months ended
     6-months ended
 
Restated 
 
Unaudited 
Unaudited 
Unaudited 
Reviewed 
Unaudited 
 
31 Dec 
31 Dec 
 31 Dec 
30 June 
31 Dec 
 
2004 
2003 
2004 
2004 
2003 
 
Rm 
Rm 
Rm 
Rm 
Rm 
INCOME STATEMENTS
for the periods ended
   31 December 2004
Revenue
8 709 
7 591 
4 374 
4 333 
3 891 
Operating expenses
7 329 
6 615 
3 608 
3 720 
3 416 
Net operating profit
1 380 
976 
766 
613 
475 
Net financing costs
(271)
(252)
(134)
(137)
(130)
Income from equity-accounted
   investments
(1)
(41)
9 
(10)
(12)
Profit before taxation
1 108 
683 
641 
466 
333 
Taxation
(341)
(148)
(181)
(160)
(93)
Profit from ordinary activities
767 
535 
460 
306 
240 
Minority interest
(90)
24 
(46)
(44)
25 
Net profit attributable to
   ordinary shareholders
677 
559 
414 
262 
265 
Attributable earnings
per share (cents)
– basic
226 
189 
138 
88 
90 
– diluted
224 
189 
137 
87 
90 
Weighted number of shares
300 
296 
300 
298 
296 
Diluted
302 
296 
302 
300 
296 
Dividend paid per share (cents)
125 
80 
90 
35 
20 
Reconciliation of headline
   earnings
Net profit attributable to
   ordinary shareholders
677 
559 
414 
262 
265 
Adjusted for:
– Impairment charges
(57)
92 
(89)
32 
92 
– Share of associates’ goodwill
   amortisation
10 
42 
(3)
14 
16 
– Goodwill amortisation
(4)
7 
(2)
(2)
(2)
– Share of associates’
   exceptional items
19 
8 
12 
6 
1 
– Net deficit on disposal or
   scrapping of property,
   plant and equipment
109 
(66)
113 
(4)
(61)
– Net surplus on disposal
   of investment in
   joint venture and associates
1 
(72)
1 
(73)
– Closure cost
35 
35 
Taxation effect of adjustments
(17)
7 
(9)
(8)
5 
Headline earnings
773 
577 
436 
336 
243 
Headline earnings per share
(cents)
– basic
258 
195 
145 
113 
82 
– diluted
256 
195 
144 
112 
82 
CASH FLOW STATEMENTS
for the periods ended
   31 December 2004
Cash flows from operating
   activities
1 432 
1 272 
746 
685 
176 
Cash flows from investing
   activities
(924)
(788)
(382)
(539)
(398)
Cash flows from financing
   activities
(266)
(436)
(341)
74 
273 
Net increase in cash and
   cash equivalents
242 
48 
23 
220 
51 
Cash and cash equivalents
   at beginning of year
1 015 
967 
1 235 
1 015 
964 
Cash and cash equivalents
   at end of year
1 257 
1 015 
1 258 
1 235 
1 015 
     
   
Restated 
 
Audited 
Unaudited 
 
At 
At 
 
31 Dec 
31 Dec 
 
2004 
2003 
 
Rm 
Rm 
BALANCE SHEETS
 
 
Assets
 
 
Non-current assets
 
 
Property, plant and equipment
8 473 
8 315 
Biological assets
31 
34 
Intangible assets
71 
95 
Goodwill
(53)
(78)
Investments in associates and joint ventures
96 
129 
Deferred taxation
63 
63 
Other financial assets
285 
375 
Total non-current assets
8 966 
8 933 
Current assets
 
 
Inventories
1 348 
1 442 
Trade and other receivables
1 397 
1 310 
Cash and cash equivalents
1 258 
1 014 
Total current assets
4 003 
3 766 
Total assets
12 969 
12 699 
Equity and liabilities
Capital and reserves
Share capital
2 812 
2 761 
Non-distributable reserves
(73)
162 
Retained income
2 614 
2 092 
Ordinary shareholders’ equity
5 353 
5 015 
Minority interest
1 110 
1 227 
Total shareholders’ interest
6 463 
6 242 
Non-current liabilities
Interest-bearing borrowings
2 331 
2 324 
Other long-term payables
609 
476 
Non-current provisions
425 
209 
Deferred taxation
1 042 
899 
Total non-current liabilities
4 407 
3 908 
Current liabilities
 
 
Trade and other payables
1 061 
1 138 
Interest-bearing borrowings
836 
1 268 
Taxation
182 
123 
Current provisions
20 
20 
Shareholders for dividend
 
 
Total current liabilities
2 099 
2 549 
Total equity and liabilities
12 969 
12 699 
Net debt
1 909 
2 578 
 
 
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