| |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED |
| for the year ended 30 June 2007 |
| |
All monetary amounts are expressed
in millions of Rands |
2007 |
Restated
2006 |
| 26. |
EARNINGS FOR THE YEAR |
|
|
|
Earnings before interest and taxation is arrived at after taking into account: |
|
|
|
Items by nature |
|
|
|
Investment income other than interest |
|
|
|
Dividends received |
13,7 |
4,2 |
|
Fair value gain on concession investments |
76,0 |
67,6 |
|
Rentals received |
6,3 |
5,8 |
|
Other items |
|
|
|
Auditors’ remuneration: |
|
|
|
Fees for audits |
27,0 |
20,2 |
|
Other services |
3,1 |
2,8 |
| |
Expenses |
0,3 |
0,3 |
|
Total auditors’ remuneration from continuing operations |
30,4 |
23,3 |
| |
Total auditors’ remuneration from discontinued operations (note 29) |
1,4 |
1,1 |
|
Total auditors’ remuneration |
31,8 |
24,4 |
|
Compensation income from insurance claims |
28,8 |
9,7 |
|
Depreciation (note 1): |
|
|
|
Immovable property |
8,3 |
4,7 |
|
Plant and machinery |
255,3 |
166,3 |
|
Other property, plant and equipment |
25,9 |
17,3 |
| |
Other investment property |
– |
0,5 |
|
Total depreciation from continuing operations |
289,5 |
188,8 |
| |
Total depreciation from discontinued operations (note 29) |
41,7 |
41,0 |
| |
|
331,2 |
229,8 |
|
Employee benefit expense |
|
|
|
Salaries and wages from continuing operations |
4 402,9 |
2 932,2 |
| |
Salaries and wages from discontinued operations (note 29) |
125,0 |
158,0 |
|
|
4 527,9 |
3 090,2 |
|
Share option expense (note 11) |
20,5 |
7,2 |
|
Pension costs – defined contribution plans (note 44) |
57,7 |
54,4 |
|
Other post-employment benefits (note 44) |
16,9 |
13,4 |
|
Fees paid for: |
|
|
|
Managerial services |
44,1 |
30,4 |
|
Technical services |
19,5 |
8,6 |
|
Administrative services |
46,9 |
11,9 |
|
Secretarial services |
1,1 |
1,3 |
|
Impairment loss recognised on property, plant and equipment |
2,5 |
4,3 |
|
Impairment loss recognised on inventory |
2,1 |
1,0 |
|
Impairment charges |
|
|
|
Trade receivables |
22,3 |
17,3 |
|
Contract receivables |
5,4 |
16,4 |
|
Other receivables |
9,9 |
7,6 |
|
Reversal of impairment loss recognised on property, plant and equipment |
1,3 |
2,6 |
| |
Profit on disposal of property, plant and equipment |
25,3 |
8,4 |
|
Loss on disposal of property, plant and equipment – continuing operations (including scrapping) |
3,8 |
1,9 |
| |
Loss on disposal of property, plant and equipment – discontinued operations (note 29) |
1,0 |
– |
|
|
4,8 |
1,9 |
|
| |
| |
|
|
