| |
2000
|
1999*
|
1998
|
1997
|
1996
|
| |
R million
|
R
million
|
R
million
|
R
million
|
R
million
|
|
| Assets
|
|
|
|
|
|
| Fixed
assets |
174,7
|
236,5
|
354,6
|
395,4
|
442,8
|
| Investments |
189,4
|
135,4
|
160,9
|
159,5
|
144,1
|
| Deferred
taxation assets |
22,6
|
29,2
|
|
|
|
| Cash
and cash equivalents |
706,2
|
958,0
|
496,9
|
118,0
|
147,1
|
| Other
current assets |
964,9
|
1
260,3
|
1
493,7
|
1
702,4
|
1
798,3
|
|
| Total
assets |
2
057,8
|
2
619,4
|
2
506,1
|
2
375,3
|
2
532,3
|
|
| Equity
and liabilities |
|
|
|
|
|
| Ordinary
and preference |
|
|
|
|
|
| shareholders |
810,7
|
674,4
|
938,7
|
808,5
|
849,7
|
| Outside
shareholders |
99,2
|
217,8
|
254,7
|
255,6
|
254,1
|
|
| Interest
of all shareholders |
909,9
|
892,2
|
1
193,4
|
1
064,1
|
1
103,8
|
| Deferred
taxation liabilities |
4,5
|
5,8
|
5,7
|
7,6
|
10,0
|
| Long-term
borrowings |
4,1
|
4,5
|
5,2
|
5,6
|
14,9
|
| Current
liabilities |
1
139,3
|
1
716,9
|
1
301,8
|
1
298,0
|
1
403,6
|
|
| Total
equity and liabilities |
2
057,8
|
2
619,4
|
2
506,1
|
2
375,3
|
2
532,3
|
|
|
Results
|
|
|
|
|
|
| Revenue |
3
184,1
|
4
565,5
|
4
919,5
|
5
162,9
|
4
914,9
|
|
| Operating
profit |
244,6
|
296,6
|
234,1
|
235,9
|
287,6
|
| Net
interest and dividend income |
58,8
|
95,7
|
35,5
|
(20,4)
|
(23,1)
|
|
| Profit
before abnormal items |
303,4
|
392,3
|
269,6
|
215,5
|
264,5
|
| Abnormal
items |
77,4
|
88,6
|
–
|
(125,9)
|
(3,5)
|
|
| Profit
before taxation |
380,8
|
480,9
|
269,6
|
89,6
|
261,0
|
| Taxation
|
102,3
|
147,6
|
98,8
|
62,5
|
73,7
|
| |
| Profit
after taxation |
278,5
|
333,3
|
170,8
|
27,1
|
187,3
|
| Share
of associate companies' |
|
|
|
|
|
| profits |
93,0
|
79,5
|
100,2
|
52,7
|
32,6
|
|
| Profit
after taxation |
|
|
|
|
|
| including
associate companies |
371,5
|
412,8
|
271,0
|
79,8
|
219,9
|
| Interest
of outside shareholders |
4,3
|
53,6
|
60,6
|
8,4
|
16,9
|
|
| Headline
earnings attributable to
|
|
|
|
|
|
| shareholders
of Reunert Limited |
286,5
|
274,2
|
211,1
|
131,9
|
197,9
|
| Earnings
attributable to |
|
|
|
|
|
| shareholders
of Reunert Limited |
367,2
|
359,2
|
210,4
|
71,4
|
203,0
|
| Headline
earnings per |
|
|
|
|
|
| share
(cents) |
140,7
|
136,8
|
105,6
|
66,5
|
101,1
|
| Pro
forma headline earnings |
|
|
|
|
|
| per
share (cents) |
140,7
|
107,7*
|
|
|
|
| Earnings
per share (cents) |
180,3
|
179,2
|
105,2
|
36,0
|
103,7
|
|
| *
The 1999 information has
been restated to take account
of the changes in accounting
policies as further described
in the notes to the
income statement and balance
sheet.
|
|
| Consolidated
cash flow statements
|
|
|
|
|
|
| Net
cash inflow from |
|
|
|
|
|
| operating
activities |
272,1**
|
373,5
|
474,0
|
124,7
|
97,9
|
| Investments
net of disposals to |
|
|
|
|
|
| maintain
operating capacity |
(32,8)
|
28,5
|
(35,3)
|
15,9
|
(52,2)
|
|
| Cash
available for investments |
|
|
|
|
|
| to
increase operating capacity |
239,3
|
402,0
|
438,7
|
140,6
|
45,7
|
| Investments
to increase |
|
|
|
|
|
| operating
capacity (net) |
83,0
|
49,6
|
(17,4)
|
(106,2)
|
(22,9)
|
|
| Net
cash internally generated |
322,3
|
451,6
|
421,3
|
34,4
|
22,8
|
|
| * The
ordinary shareholders of
Reunert Limited received
a special dividend of R510
million (R2,50 per share)
on 29 October
1999. This payment has had
a major distorting effect
on the comparability of
the results
of the current
and prior years. Had this
dividend been paid on 29
October 1998, the after-tax
effect,
calculated using
an average interest rate
of 16%, would have been
to reduce headline earnings
of
R274,2 million by R58,3 million.
|
| |
| ** The
special dividend of R510
million and the related
STC of R58,2 million paid
in the current year have
been
excluded from cash flows
from operating activities
and have been included in
cash flows from financing
activities. |
|
|
|
