| |
|
% change |
2008
R millions |
|
|
2007
R millions |
|
| |
Continuing operations |
|
|
|
|
|
|
| |
Revenue(2) |
+48 |
12 849 |
|
|
8 710 |
|
| |
Net operating costs |
|
11 814 |
|
|
7 963 |
|
| |
Profit from operations |
+39 |
1 035 |
|
|
747 |
|
| |
Net (loss)/income from Pension Fund employer |
|
|
|
|
|
|
| |
surplus account |
|
(13) |
|
|
30 |
|
| |
Net (loss)/income from plan assets for post-employment |
|
|
|
|
|
|
| |
liabilities |
|
(57) |
|
|
36 |
|
| |
|
|
965 |
|
|
813 |
|
| |
Fair value adjustments on derivative instruments |
|
(16) |
|
|
5 |
|
| |
Interest paid (net of costs capitalised) |
|
(233) |
|
|
(159) |
|
| |
Interest received |
|
28 |
|
|
28 |
|
| |
Income from associates and investments |
|
13 |
|
|
12 |
|
| |
|
|
757 |
|
|
699 |
|
| |
Impairment of goodwill |
|
(42) |
|
|
(20) |
|
| |
Other impairments and disposals |
|
(4) |
|
|
(32) |
|
| |
Profit before tax |
|
711 |
|
|
647 |
|
| |
Tax |
|
(238) |
|
|
(246) |
|
| |
Net profit from continuing operations |
|
473 |
|
|
401 |
|
| |
Net (loss)/profit from discontinued operations |
|
(94) |
|
|
66 |
|
| |
Profit before tax |
|
154 |
|
|
56 |
|
| |
Closure costs |
|
(204) |
|
|
(117) |
|
| |
Impairments and disposals |
|
(56) |
|
|
98 |
|
| |
Tax |
|
12 |
|
|
29 |
|
| |
|
|
|
|
|
|
|
| |
Net profit |
|
379 |
|
|
467 |
|
| |
Attributable to preference and minority shareholders |
|
6 |
|
|
(12) |
|
| |
Profit attributable to ordinary shareholders |
|
385 |
|
|
455 |
|
| |
Headline earnings are derived from: |
|
|
|
|
|
|
| |
Profit attributable to ordinary shareholders |
|
385 |
|
|
455 |
|
| |
Impairment of goodwill |
|
42 |
|
|
20 |
|
| |
Other impairments and disposals before tax |
|
60 |
|
|
(66) |
|
| |
Surplus on disposal of property, plant and equipment |
|
(38) |
|
|
* |
|
| |
Tax effects of the above items |
|
(6) |
|
|
(17) |
|
| |
Headline earnings |
|
443 |
|
|
392 |
|
| |
Per ordinary share (cents): |
|
|
|
|
|
|
| |
Headline earnings |
+16 |
412 |
|
|
355 |
|
| |
Diluted headline earnings(3) |
|
410 |
|
|
352 |
|
| |
Attributable earnings |
|
358 |
|
|
412 |
|
| |
Diluted attributable earnings(3) |
|
356 |
|
|
408 |
|
| |
Continuing earnings |
|
445 |
|
|
352 |
|
| |
Diluted continuing earnings(3) |
|
443 |
|
|
349 |
|
| |
Dividends declared |
+8 |
231 |
|
|
213 |
|
| |
Dividends paid |
|
231 |
|
|
213 |
|
| |
Ordinary shares (millions)(4) |
|
|
|
|
|
|
| |
– in issue |
|
107 |
|
|
110 |
|
| |
– weighted average number of shares |
|
108 |
|
|
110 |
|
| |
– diluted weighted average number of shares(3) |
|
108 |
|
|
111 |
|
