-
HEPS up 12%
-
Revenue exceeds R6bn
-
Operating income from continuing operations
exceeds R500m -
Strong balance sheet with cash at R1.5bn
-
Dividend increased by 20.1%
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Income
statement |
Balance sheet
|
Statement of changes in equity
|
Notes
Cash flow statement
|
Segmental Analysis
|
Supplementary information
Message to our shareholders
| Abridged income statements |
Figures in R million |
|||||||
| 2006 | 2005 | |||||||
| % | ||||||||
| Change | (Audited) | (Audited and | ||||||
| IFRS restated) | ||||||||
| Revenue | 9 |
6,041 |
|
5,552 |
||||
|
|
|
|
||||||
| Operating income before goodwill |
|
|
|
|||||
| impairment and capital items |
485 |
|
491 |
|||||
| Investment income |
54 |
|
49 |
|||||
| Finance costs |
(5) |
|
(4) |
|||||
| Income from associates |
26 |
|
12 |
|||||
| Goodwill impaired |
(82) |
|
(9) |
|||||
| Capital items (Note 1) |
74 |
|
(12) |
|||||
| Income before taxation |
552 |
|
527 |
|||||
| Taxation |
183 |
|
191 |
|||||
| Income after taxation | 10 |
369 |
|
336 |
||||
|
|
|
|
||||||
| Attributable to minority shareholders |
5 |
|
17 |
|||||
| Attributable to ordinary shareholders |
364 |
|
319 |
|||||
|
369 |
|
336 |
||||||
|
|
|
|
||||||
| Basic earnings per share (cents) | 16 |
373 |
|
321 |
||||
|
|
|
|
||||||
| Weighted average number of ordinary shares |
|
|
|
|||||
| in issue (millions) |
97.591 |
|
99.344 |
|||||
|
|
|
|
||||||
|
|
|
|
||||||
| Headline earnings per share (cents) | 12 |
379 |
|
338 |
||||
|
|
|
|
||||||
| Notes: |
|
|
|
|||||
|
|
|
|
||||||
| 1. Capital items |
|
|
|
|||||
| Net loss on disposals |
(1) |
|
(2) |
|||||
| Divisional closure costs |
(54) |
|
(10) |
|||||
| Profit on disposal of Econet Wireless Global Limited |
129 |
|
- |
|||||
|
74 |
|
(12) |
||||||
|
|
|
|
||||||
| 2. Reconciliation between earnings and |
|
|
|
|||||
| headline earnings |
|
|
|
|||||
| Attributable to ordinary shareholders |
364 |
|
319 |
|||||
| Goodwill impaired |
82 |
|
9 |
|||||
| Capital items - gross |
(74) |
|
12 |
|||||
| Net profit on disposal of property, plant and equipment |
- |
|
(1) |
|||||
| Tax effect of above adjustments |
4 |
|
(2) |
|||||
| Minority interest |
(6) |
|
(1) |
|||||
| Headline earnings |
370 |
|
336 |
|||||
| 3. Diluted earnings per share and diluted headline earnings per share are not materially different | ||||||||
| from basic earnings per share and headline earnings per share, respectively. | ||||||||
| 4. 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. | ||||||||