| |
2007
Rm |
2006
Rm |
2005*
Rm |
2004**
Rm |
2003**
Rm |
| CONSOLIDATED BALANCE SHEETS |
|
|
|
|
|
| ASSETS |
|
|
|
|
|
| Property, plant and equipment |
565,7 |
455,4 |
328,4 |
196,2 |
213,7 |
| Intangible assets |
13,0 |
11,9 |
7,9 |
— |
— |
| Goodwill |
372,8 |
326,8 |
329,0 |
324,8 |
306,9 |
| Investments and loans |
727,9 |
148,8 |
116,2 |
109,9 |
20,8 |
| RCCF accounts receivable |
— |
1 403,8 |
1 028,2 |
528,5*** |
1 220,0 |
| Deferred taxation assets |
37,9 |
59,1 |
37,5 |
56,2 |
33,1 |
| Cash and cash equivalents |
530,6 |
969,3 |
784,4 |
451,3 |
484,8 |
| Other current assets |
2 595,9 |
2 274,3 |
1 565,8 |
1 420,6 |
1 358,5 |
| Total assets |
4 843,8 |
5 649,4 |
4 197,4 |
3 087,5 |
3 637,8 |
| EQUITY AND LIABILITIES |
|
|
|
|
|
| Ordinary and preference equity holders of Reunert |
2 469,0 |
1 680,9 |
1 561,7 |
983,1 |
1 156,5 |
| Minority interest |
14,4 |
38,2 |
43,0 |
39,7 |
121,2 |
| Total equity |
2 483,4 |
1 719,1 |
1 604,7 |
1 022,8 |
1 277,7 |
| Deferred taxation liabilities |
115,8 |
141,6 |
81,7 |
44,3 |
63,8 |
| Long-term borrowings |
278,8 |
115,0 |
111,7 |
— |
— |
| RCCF short-term borrowings |
— |
1 187,9 |
866,8 |
314,1*** |
900,7 |
| Current liabilities |
1 965,8 |
2 485,8 |
1 532,5 |
1 706,3 |
1 395,6 |
| Total equity and liabilities |
4 843,8 |
5 649,4 |
4 197,4 |
3 087,5 |
3 637,8 |
| CONSOLIDATED INCOME STATEMENTS |
|
|
|
|
|
| Revenue |
9 574,4 |
8 236,4 |
7 012,0 |
6 247,3 |
6 103,9 |
| Operating profit |
1 318,7 |
1 272,7 |
917,3 |
700,5 |
607,7 |
| Net interest and dividends received |
54,8 |
64,9 |
50,1 |
65,1 |
45,2 |
| Profit before abnormal items |
1 373,5 |
1 337,6 |
967,4 |
765,6 |
652,9 |
| Abnormal items |
(447,6) |
1,6 |
3,9 |
6,0 |
— |
| Profit before taxation |
925,9 |
1 339,2 |
971,3 |
771,6 |
652,9 |
| Taxation |
(427,4) |
(500,5) |
(326,5) |
(309,0) |
(224,4) |
| Profit after taxation |
498,5 |
838,7 |
644,8 |
462,6 |
428,5 |
| Share of associate companies’ profits/(losses) |
148,4 |
95,2 |
79,2 |
66,8 |
(82,6) |
| Profit for the year |
646,9 |
933,9 |
724,0 |
529,4 |
345,9 |
| Profit for the year attributable to: |
|
|
|
|
|
| Minority interest |
7,6 |
11,1 |
10,7 |
51,0 |
50,5 |
| Equity holders of Reunert |
639,3 |
922,8 |
713,3 |
478,4 |
295,4 |
| |
646,9 |
933,9 |
724,0 |
529,4 |
345,9 |
| Headline earnings attributable to equity holders of Reunert |
481,3 |
918,6 |
708,1 |
526,9 |
345,6 |
| CONSOLIDATED CASH FLOW STATEMENTS |
|
|
|
|
|
| EBITDA |
1 393,0 |
1 335,9 |
967,2 |
811,9 |
712,3 |
| Changes in working capital |
(439,0) |
(252,8) |
(101,3) |
113,0 |
210,5 |
| Cash generated from operations excluding changes in RCCF receivables |
954,0 |
1 083,1 |
865,9 |
924,9 |
922,8 |
| Net interest and dividends received |
200,8 |
120,9 |
119,3 |
65,1 |
45,2 |
| Taxation paid |
(568,6) |
(347,4) |
(364,9) |
(313,5) |
(178,7) |
| Ordinary dividends paid |
(879,3) |
(464,2) |
(308,3) |
(268,1) |
(258,4) |
| Share buy back |
— |
— |
— |
(476,6) |
— |
| Other (net) |
23,7 |
(4,3) |
29,3 |
(5,8) |
(2,8) |
| Net cash flows from operating activities excluding changes in |
|
|
|
|
|
| RCCF receivables |
(269,4) |
388,1 |
341,3 |
(74,0) |
528,1 |
| Net cash flows from investing activities |
1 008,6 |
(185,7) |
(48,5) |
(250,1) |
(102,8) |
| Net cash flows from financing activities |
274,5 |
27,0 |
156,1 |
18,7 |
(17,5) |
| Net cash generated/(utilised) (before RCCF receivables) |
1 013,7 |
229,4 |
448,9 |
(305,4) |
407,8 |
| (Increase)/decrease in RCCF receivables |
(300,7)**** |
(375,6) |
(499,7) |
691,5*** |
(269,8) |
| Net cash generated/(utilised) |
713,0 |
(146,2) |
(50,8) |
386,1 |
138,0 |
|
| * |
|
The 2005 information has been restated to take account of the effect of adopting SAICA Circular 9/2006 and IFRS on 1 October 2004. |
| ** |
|
The 2003 and 2004 information has not been restated to take account of the effect of adopting IFRS and is therefore still in terms of SA GAAP. |
| *** |
|
In December 2003 R1 255,5 million was received on the sale of the RCCF debtors book. |
| **** |
|
Increase in RCCF receivables up to the date of transfer. |
|
|
