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Abridged income statements |
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Figures in R
million |
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|
|
|
|
|
| |
|
|
2008 |
|
2007 |
| |
% |
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|
|
|
| |
Change |
|
(Audited) |
|
(Audited) |
| |
|
|
|
|
|
| |
|
|
|
|
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Revenue |
22 |
|
8,242
|
|
6,780 |
| |
|
|
|
|
|
|
Operating profit before |
|
|
|
|
|
|
impairment and capital items |
17 |
|
664 |
|
568 |
|
Investment income |
|
|
98 |
|
79 |
|
Finance costs |
|
|
(21) |
|
(6) |
|
Goodwill impaired |
|
|
(86) |
|
- |
|
Capital items (Note 1) |
|
|
(1) |
|
(7) |
|
Profit before taxation |
|
|
654 |
|
634
|
|
Taxation |
|
|
(219) |
|
(211) |
|
Profit after taxation |
|
|
435 |
|
423 |
| |
|
|
|
|
|
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Attributable to minority shareholders |
|
|
26 |
|
22 |
|
Attributable to ordinary shareholders |
|
|
409 |
|
401 |
| |
|
|
435
|
|
423 |
| |
|
|
|
|
|
|
Basic earnings per share (cents) |
|
|
421 |
|
410
|
|
Diluted basic earnings per share (cents) |
|
|
406 |
|
398 |
|
Dividend per share - paid (cents) |
|
|
240 |
|
209
|
|
Special dividend per share - paid (cents) |
|
|
- |
|
100 |
|
Dividend per share - declared (cents) |
|
|
|
|
240 |
|
Weighted average number of ordinary shares in |
|
|
|
|
|
|
in issue (millions) |
|
|
97.040 |
|
97.763 |
| |
|
|
|
|
|
| |
|
|
|
|
|
|
Headline earnings per share (cents) |
23 |
|
511 |
|
414 |
|
Diluted headline earnings per share (cents) |
21 |
|
493 |
|
406 |
| |
|
|
|
|
|
|
Notes: |
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1. Capital items |
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|
|
|
|
|
Loss on disposal property,plant and equipment |
|
|
(1) |
|
(1) |
|
Divisional closure cost |
|
|
- |
|
(5) |
|
Discontinuing operations |
|
|
- |
|
(1) |
| |
|
|
(1) |
|
(7) |
|
|
|
|
|
|
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|
2. Reconciliation between earnings and |
|
|
|
|
|
|
headline earnings |
|
|
|
|
|
|
Attributable to ordinary shareholders |
|
|
409
|
|
401 |
|
Capital items - gross |
|
|
1 |
|
7 |
|
Goodwill impaired |
|
|
86
|
|
- |
|
Tax effect of above adjustments |
|
|
- |
|
(2) |
|
Minority interest |
|
|
- |
|
(1) |
|
Headline earnings |
|
|
496 |
|
405 |
| |
|
|
|
|
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| |
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3. The Altech group's auditors,PKF (Jhb) Inc., have audited
these year-end results. Their unqualified audit report is
available for inspection at the company's registered office
during normal office hours. These results have been prepared in
terms of International Financing Reporting Standards, the
Companies Act, 1973 and the JSE listing requirements. The group
accounting policies have not changed from the prior year. |
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4. The annual financial results have been prepared in terms of
IAS 34 - "Interm Financial Reporting" |
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5. Headline Earnings per Share has been calculated in terms of
the new circular 8/2007 Headline Earnings, which was issued in
July 2007. The effect of the change is that the comparitive
figure has decreased from 418 to 414 as a result of the closure
cost not being a headline earnings adjustment under the new
circular. |
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