| |
|
|
|
2010 |
|
|
2009 |
|
|
2009 |
|
| |
|
|
|
First half |
|
|
First half |
|
|
Year |
|
| |
|
% |
|
Unaudited |
|
|
Unaudited |
|
|
Audited |
|
| |
|
change |
|
R millions |
|
|
R millions |
|
|
R millions |
|
| |
Continuing operations |
|
|
|
|
|
|
|
|
|
|
| |
Revenue (2) |
+3 |
|
5 425 |
|
|
5 263 |
|
|
10 709 |
|
| |
Net operating costs |
|
|
(4 941) |
|
|
(4 935) |
|
|
(9 942) |
|
| |
Profit from operations |
+48 |
|
484 |
|
|
328 |
|
|
767 |
|
| |
Net income from Pension Fund employer |
|
|
|
|
|
|
|
|
|
|
| |
surplus accounts |
|
|
4 |
|
|
* |
|
|
23 |
|
| |
Net income/(loss) from plan assets for post- |
|
|
|
|
|
|
|
|
|
|
| |
retirement medical aid liabilities |
|
|
6 |
|
|
(20) |
|
|
11 |
|
| |
|
|
|
494 |
|
|
308 |
|
|
801 |
|
| |
Fair value adjustments – interest |
|
|
(2) |
|
|
* |
|
|
4 |
|
| |
Interest expense (3) |
|
|
(97) |
|
|
(155) |
|
|
(243) |
|
| |
Interest received |
|
|
14 |
|
|
17 |
|
|
21 |
|
| |
Income from associates and investments |
|
|
1 |
|
|
5 |
|
|
7 |
|
| |
|
|
|
410 |
|
|
175 |
|
|
590 |
|
| |
Impairment of goodwill |
|
|
– |
|
|
– |
|
|
(18) |
|
| |
Other impairments |
|
|
(4) |
|
|
– |
|
|
(16) |
|
| |
Reversal of impairments |
|
|
– |
|
|
– |
|
|
7 |
|
| |
Profit before tax |
|
|
406 |
|
|
175 |
|
|
563 |
|
| |
Tax |
|
|
(117) |
|
|
(64) |
|
|
(176) |
|
| |
Net profit from continuing operations |
|
|
289 |
|
|
111 |
|
|
387 |
|
| |
Net profit from discontinued operations |
|
|
– |
|
|
4 |
|
|
53 |
|
| |
Profit before tax |
|
|
– |
|
|
7 |
|
|
65 |
|
| |
Tax |
|
|
– |
|
|
(3) |
|
|
(12) |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| |
Profit for the period |
|
|
289 |
|
|
115 |
|
|
440 |
|
| |
Profit for the period attributable to: |
|
|
|
|
|
|
|
|
|
|
| |
– ordinary shareholders |
|
|
269 |
|
|
118 |
|
|
421 |
|
| |
– preference shareholders |
|
|
1 |
|
|
1 |
|
|
2 |
|
| |
– non-controlling interest |
|
|
19 |
|
|
(4) |
|
|
17 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
289 |
|
|
115 |
|
|
440 |
|
| |
Headline earnings are derived from: |
|
|
|
|
|
|
|
|
|
|
| |
Profit attributable to ordinary shareholders |
|
|
269 |
|
|
118 |
|
|
421 |
|
| |
Impairment of goodwill |
|
|
– |
|
|
– |
|
|
18 |
|
| |
Other impairments and disposals before tax |
|
|
4 |
|
|
– |
|
|
9 |
|
| |
Surplus on disposal of investments |
|
|
(18) |
|
|
– |
|
|
– |
|
| |
Surplus on disposal of property, plant |
|
|
|
|
|
|
|
|
|
|
| |
and equipment |
|
|
(1) |
|
|
(9) |
|
|
(88) |
|
| |
Tax effects of the above items |
|
|
1 |
|
|
3 |
|
|
10 |
|
| |
Headline earnings |
|
|
255 |
|
|
112 |
|
|
370 |
|
| |
Per ordinary share (cents): |
|
|
|
|
|
|
|
|
|
|
| |
Headline earnings |
+127 |
|
238 |
|
|
105 |
|
|
346 |
|
| |
Diluted headline earnings (4) |
|
|
237 |
|
|
104 |
|
|
344 |
|
| |
Attributable earnings |
|
|
251 |
|
|
110 |
|
|
393 |
|
| |
Diluted attributable earnings (4) |
|
|
250 |
|
|
110 |
|
|
392 |
|
| |
Continuing earnings |
|
|
251 |
|
|
107 |
|
|
344 |
|
| |
Diluted continuing earnings (4) |
|
|
250 |
|
|
106 |
|
|
343 |
|
| |
Discontinued earnings |
|
|
– |
|
|
4 |
|
|
50 |
|
| |
Dividends declared |
+150 |
|
70 |
|
|
28 |
|
|
90 |
|
| |
Dividends paid |
|
|
62 |
|
|
141 |
|
|
169 |
|
| |
Ordinary shares (millions) (5) |
|
|
|
|
|
|
|
|
|
|
| |
– in issue |
|
|
107 |
|
|
107 |
|
|
107 |
|
| |
– weighted average number of shares |
|
|
107 |
|
|
107 |
|
|
107 |
|
| |
– diluted weighted average number of shares (4) |
|
|
108 |
|
|
107 |
|
|
107 |
|
