| |
|
% |
|
2009 |
|
|
2008 |
|
| |
|
change |
|
R millions |
|
|
R millions |
|
| |
Continuing operations |
|
|
|
|
|
|
|
| |
Revenue(2) |
-17 |
|
10 730 |
|
|
12 876 |
|
| |
Net operating costs |
|
|
9 963 |
|
|
11 841 |
|
| |
Profit from operations |
-26 |
|
767 |
|
|
1 035 |
|
| |
Net income/(loss) from Pension Fund employer |
|
|
|
|
|
|
|
| |
surplus account |
|
|
22 |
|
|
(13) |
|
| |
Net income/(loss) from plan assets for post - |
|
|
|
|
|
|
|
| |
retirement medical aid liabilities |
|
|
12 |
|
|
(57) |
|
| |
|
|
|
801 |
|
|
965 |
|
| |
Fair value adjustments – interest |
|
|
4 |
|
|
(16) |
|
| |
Interest expense (net of costs capitalised) |
|
|
(243) |
|
|
(233) |
|
| |
Interest received |
|
|
21 |
|
|
28 |
|
| |
Income from associates and investments |
|
|
7 |
|
|
13 |
|
| |
|
|
|
590 |
|
|
757 |
|
| |
Impairment of goodwill |
|
|
(18) |
|
|
(42) |
|
| |
Other impairments |
|
|
(9) |
|
|
(4) |
|
| |
Profit before tax |
|
|
563 |
|
|
711 |
|
| |
Tax |
|
|
(176) |
|
|
(238) |
|
| |
Net profit from continuing operations |
|
|
387 |
|
|
473 |
|
| |
Net profit/(loss) from discontinued operations |
|
|
53 |
|
|
(94) |
|
| |
Profit/(loss) before tax |
|
|
65 |
|
|
(50) |
|
| |
Impairments and disposals |
|
|
– |
|
|
(56) |
|
| |
Tax |
|
|
(12) |
|
|
12 |
|
| |
|
|
|
|
|
|
|
|
| |
Profit for the period |
|
|
440 |
|
|
379 |
|
| |
Profit for the year attributable to: |
|
|
|
|
|
|
|
| |
– ordinary shareholders |
|
|
421 |
|
|
385 |
|
| |
– preference shareholders |
|
|
2 |
|
|
2 |
|
| |
– non-controlling interest |
|
|
17 |
|
|
(8) |
|
| |
|
|
|
440 |
|
|
379 |
|
| |
Headline earnings are derived from: |
|
|
|
|
|
|
|
| |
Profit attributable to ordinary shareholders |
|
|
421 |
|
|
385 |
|
| |
Impairment of goodwill |
|
|
18 |
|
|
42 |
|
| |
Other impairments and disposals before tax |
|
|
9 |
|
|
60 |
|
| |
Surplus on disposal of property, plant and equipment |
|
|
(88) |
|
|
(38) |
|
| |
Tax effects of the above items |
|
|
10 |
|
|
(6) |
|
| |
Headline earnings |
|
|
370 |
|
|
443 |
|
| |
Per ordinary share (cents): |
|
|
|
|
|
|
|
| |
Headline earnings |
-16 |
|
346 |
|
|
412 |
|
| |
Diluted headline earnings(3) |
|
|
344 |
|
|
410 |
|
| |
Attributable earnings |
|
|
393 |
|
|
358 |
|
| |
Diluted attributable earnings(3) |
|
|
392 |
|
|
356 |
|
| |
Continuing earnings |
|
|
344 |
|
|
445 |
|
| |
Diluted continuing earnings(3) |
|
|
343 |
|
|
443 |
|
| |
Discontinued earnings(3) |
|
|
50 |
|
|
(87) |
|
| |
Dividends declared |
-61 |
|
90 |
|
|
231 |
|
| |
Dividends paid |
|
|
169 |
|
|
231 |
|
| |
Ordinary shares (millions)(4) |
|
|
|
|
|
|
|
| |
– in issue |
|
|
107 |
|
|
107 |
|
| |
– weighted average number of shares |
|
|
107 |
|
|
108 |
|
| |
– diluted weighted average number of shares(3) |
|
|
107 |
|
|
108 |
|
