Income statements
FOR THE YEAR ENDED 31 DECEMBER 2007
| |
|
|
.......GROUP |
|
........COMPANY |
| |
|
|
2007 |
|
2006 |
|
2007 |
|
2006 |
| |
Note |
|
R millions |
|
R millions |
|
R millions |
|
R millions |
| CONTINUING OPERATIONS |
|
|
|
|
|
|
|
|
|
| Revenue |
16 |
|
8 521 |
|
7 558 |
|
3 425 |
|
3 069 |
| Net operating costs |
17 |
|
(7 764) |
|
(6 510) |
|
(3 272) |
|
(2 668) |
| Profit from operations |
|
|
757 |
|
1 048 |
|
153 |
|
401 |
| Creation of pension fund employer surplus account |
4 |
|
— |
|
179 |
|
— |
|
179 |
| Net income from pension fund employer surplus |
|
|
|
|
|
|
|
|
|
| account |
4 |
|
30 |
|
17 |
|
30 |
|
17 |
| Release of provision for post-employment medical aid |
|
|
|
|
|
|
|
|
|
| benefits |
13 |
|
— |
|
111 |
|
— |
|
87 |
| Net income from plan assets for post-employment |
|
|
|
|
|
|
|
|
|
| medical aid liabilities |
13 |
|
36 |
|
20 |
|
26 |
|
16 |
| |
|
|
823 |
|
1 375 |
|
209 |
|
700 |
| Fair value adjustments on derivative instruments |
|
|
5 |
|
11 |
|
5 |
|
11 |
| Interest paid |
18 |
|
(159) |
|
(143) |
|
(176) |
|
(139) |
| Interest received |
19 |
|
28 |
|
35 |
|
181 |
|
141 |
| Investment income |
20 |
|
11 |
|
5 |
|
227 |
|
99 |
| Share of profit of associate companies |
6 |
|
1 |
|
2 |
|
|
|
|
| |
|
|
709 |
|
1 285 |
|
446 |
|
812 |
| Impairment of goodwill |
3 |
|
(20) |
|
(6) |
|
(3) |
|
(2) |
| Restructuring costs, disposals and other impairments |
21 |
|
2 |
|
(14) |
|
7 |
|
(2) |
| Profit before tax |
|
|
691 |
|
1 265 |
|
450 |
|
808 |
| Tax |
22 |
|
(218) |
|
(339) |
|
(78) |
|
(171) |
| Profit from continuing operations |
|
|
473 |
|
926 |
|
372 |
|
637 |
| DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
|
|
| (Loss)/profit from discontinued operations, net of tax |
23 |
|
(6) |
|
27 |
|
28 |
|
10 |
| Profit for the year |
|
|
467 |
|
953 |
|
400 |
|
647 |
| Attributable to: |
|
|
|
|
|
|
|
|
|
| Ordinary shareholders |
|
|
455 |
|
916 |
|
398 |
|
645 |
| Preference shareholders |
|
|
2 |
|
2 |
|
2 |
|
2 |
| Minority interest |
|
|
10 |
|
35 |
|
|
|
|
| |
|
|
467 |
|
953 |
|
400 |
|
647 |
| Per ordinary share (cents) |
|
|
|
|
|
|
|
|
|
| – Attributable earnings |
24 |
|
412 |
|
829 |
|
|
|
|
| – Diluted attributable earnings |
24 |
|
408 |
|
819 |
|
|
|
|
| – Headline earnings |
24 |
|
355 |
|
853 |
|
|
|
|
| – Diluted headline earnings |
24 |
|
352 |
|
842 |
|
|
|
|
| Continuing operations |
|
|
|
|
|
|
|
|
|
| – Attributable earnings |
24 |
|
417 |
|
805 |
|
|
|
|
| – Diluted attributable earnings |
24 |
|
414 |
|
795 |
|
|
|
|
| – Ordinary dividends paid |
25 |
|
213 |
|
185 |
|
|
|
|
| – Ordinary dividends declared after the balance |
|
|
|
|
|
|
|
|
|
| sheet date |
25 |
|
141 |
|
141 |
|
|
|
|
|
