| |
|
Restated |
| |
12-months |
12-months |
| |
ended |
ended |
| |
31 Dec |
31 Dec |
| |
2005 |
2004 |
| |
Audited |
Unaudited |
| |
Rm |
Rm |
| INCOME STATEMENTS |
|
|
| Revenue |
11 962 |
8 709 |
| Operating expenses |
(7 075) |
(7 341) |
| Net operating profit |
4 887 |
1 368 |
| Net financing costs |
(231) |
(287) |
| Share of profit/(loss) from equity accounted investments |
7 |
(23) |
| Profit before taxation |
4 663 |
1 058 |
| Taxation |
(1 412) |
(330) |
| Profit for the year |
3 251 |
728 |
| Attributable to: |
|
|
| Equity holders of the parent |
3 190 |
638 |
| Minority interest |
61 |
90 |
| |
3 251 |
728 |
| Ordinary shares (million) |
|
|
| – in issue |
306 |
302 |
| – weighted average number of shares |
304 |
300 |
| – diluted weighted average number of shares |
311 |
302 |
| |
|
|
| Attributable earnings per share (cents) |
|
|
| – basic as previously reported |
1 049 |
226 |
| – basic restated |
|
213 |
| – diluted as previously reported |
1 026 |
224 |
| – diluted restated |
|
211 |
| Dividend per share for the year (cents) |
540 |
125 |
| |
|
|
| Reconciliation of headline earnings |
|
|
| Net profit attributable to ordinary shareholders |
3 190 |
638 |
| Adjusted for: |
|
|
| – Impairment charges |
28 |
(57) |
| – Share of associates’ goodwill amortisation |
|
10 |
| – Goodwill amortisation |
(95) |
(4) |
| – Share of associates’ exceptional items |
|
19 |
| – Net deficit on disposal or scrapping of property, plant and equipment |
2 |
109 |
| – Net surplus on disposal of investment in joint venture and associates |
(1 179) |
1 |
| – Closure cost |
|
35 |
| Minority interest on adjustments |
(1) |
|
| Taxation effect of adjustments |
428 |
(17) |
| Headline earnings |
2 373 |
734 |
| Headline earnings per share (cents) |
|
|
| – basic as previously reported |
781 |
258 |
| – basic restated |
|
245 |
| – diluted as previously reported |
763 |
256 |
| – diluted restated |
|
243 |
| CASH FLOW STATEMENTS |
|
|
| Cash flows from operating activities |
1 407 |
1 455 |
| Cash flows from investing activities |
(948) |
(921) |
| Cash flows from financing activities |
(273) |
(266) |
| Net increase in cash and cash equivalents |
186 |
268 |
| Adjusted opening balance |
1 297 |
1 029 |
| Increase in cash and cash equivalents due to proportionate consolidation of joint ventures |
39 |
14 |
| Cash and cash equivalents at beginning of year |
1 258 |
1 015 |
 |
|
|
| Cash and cash equivalents at end of year |
1 483 |
1 297 |
| BALANCE SHEETS |
|
|
| Assets |
|
|
| Non-current assets |
|
|
| Property, plant and equipment |
8 826 |
8 476 |
| Biological assets |
28 |
31 |
| Intangible assets |
61 |
71 |
| Goodwill |
|
(53) |
| Investments in associates and joint ventures |
95 |
85 |
| Deferred taxation |
339 |
258 |
| Other financial assets |
392 |
286 |
| Total non-current assets |
9 741 |
9 154 |
| Current assets |
|
|
| Inventories |
1 481 |
1 348 |
| Trade and other receivables |
2 066 |
1 365 |
| Cash and cash equivalents |
1 483 |
1 297 |
| Total current assets |
5 030 |
4 010 |
| Non-current assets classified as held for sale |
11 |
|
| Total assets |
14 782 |
13 164 |
| Equity and liabilities |
|
|
| Capital and reserves |
|
|
| Share capital |
2 940 |
2 812 |
| Non-distributable reserves |
54 |
(39) |
| Retained income |
4 383 |
2 516 |
| Ordinary shareholders’ equity |
7 377 |
5 289 |
| Minority interest |
9 |
1 197 |
| Total shareholders’ interest |
7 386 |
6 486 |
| Non-current liabilities |
|
|
| Interest-bearing borrowings |
1 963 |
2 331 |
| Other long-term payables |
604 |
609 |
| Non-current provisions |
727 |
599 |
| Deferred taxation |
1 006 |
1 040 |
| Total non-current liabilities |
4 300 |
4 579 |
| Current liabilities |
|
|
| Trade and other payables |
1 388 |
1 061 |
| Interest-bearing borrowings |
911 |
836 |
| Taxation |
773 |
182 |
| Current provisions |
24 |
20 |
| Total current liabilities |
3 096 |
2 099 |
| Total equity and liabilities |
14 782 |
13 164 |
| Net debt |
1 391 |
1 870 |
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