| |
| CONSOLIDATED INCOME STATEMENT |
| for the year ended 30 June 2007 |
| |
All monetary amounts are expressed
in millions of Rands |
Notes |
|
2007 |
Restated
2006 |
| Continuing operations |
|
|
|
|
| Revenue |
24 |
|
17 873,8 |
11 097,1 |
| Earnings before interest, exceptional items and depreciation |
|
|
1 749,4 |
923,8 |
| Amortisation of intangible assets |
4 |
|
(22,5) |
(15,7) |
| Depreciation |
|
|
(289,5) |
(188,8) |
| Earnings before exceptional items and interest |
|
|
1 437,4 |
719,3 |
| Exceptional items |
25 |
|
(146,9) |
(78,4) |
| Headlease and other property activities* |
|
|
13,3 |
3,9 |
| Broad Based Black Economic Empowerment (BBBEE) expense |
|
|
– |
(80,7) |
| Other |
|
|
(160,2) |
(1,6) |
|
|
|
|
|
| Earnings before interest and taxation** |
|
|
1 290,5 |
640,9 |
| Interest expense |
27.1 |
|
(110,8) |
(62,1) |
| Interest income |
27.2 |
|
132,2 |
97,2 |
| Earnings before taxation |
|
|
1 311,9 |
676,0 |
| Income taxation expense |
28 |
|
(360,3) |
(175,1) |
| Earnings after taxation |
|
|
951,6 |
500,9 |
| Share of (loss)/profit of associates |
|
|
(107,2) |
1,2 |
| Earnings for the year from continuing operations |
|
|
844,4 |
502,1 |
| Discontinued operations |
|
|
|
|
| (Loss)/profit for the year from discontinued operations |
29.1 |
|
(48,5) |
59,2 |
| Earnings for the year |
26 |
|
795,9 |
561,3 |
| Attributable as follows: |
|
|
|
|
| Equity holders of the holding company |
|
|
702,3 |
512,7 |
| Minority shareholders |
|
|
93,6 |
48,6 |
| |
|
|
795,9 |
561,3 |
| Weighted average ordinary shares (000) |
|
|
298 255 |
309 918 |
| Weighted average ordinary shares in issue |
|
|
331 893 |
331 893 |
| Weighted average ordinary shares owned by The Murray & Roberts Trust |
|
|
(8 335) |
(12 139) |
| Weighted average ordinary shares owned by Murray & Roberts Limited |
|
|
(676) |
– |
| Weighted average ordinary shares owned by the Letsema BBBEE trusts |
|
|
(28 953) |
(14 917) |
| Dilutive adjustment for share options |
|
|
4 326 |
5 081 |
| Earnings per share from continuing and discontinued operations (cents) |
|
|
|
|
| – |
Diluted |
30.1 |
|
235 |
165 |
| – |
Basic |
30.1 |
|
239 |
168 |
| Earnings per share from continuing operations (cents) |
|
|
|
|
| – |
Diluted |
30.2 |
|
251 |
146 |
| – |
Basic |
30.2 |
|
255 |
149 |
| Total dividend per ordinary share (cents)*** |
31 |
|
116,0 |
60,0 |
| * |
The headlease and other property activities include the following: |
|
|
|
|
| Rental income |
|
|
163,5 |
143,7 |
| Interest expense |
|
|
(38,9) |
(49,4) |
| ** |
Includes interest expense of R39 million (2006: R49 million) in respect of headlease and property activities. |
| *** |
Based on the years to which the dividends relate. |
|
| |
| |
|
|
