A N N U A L    R E P O R T     2 0 0 0

 


 
F I N A N C I A L   H I G H L I G H T S
  • Pro forma headline earnings per share increased by 31% to 140,7 cents
  • Normal dividend increased by 31% to 76 cents per share
  • Continued positive cash flow – operating activities contributed R272 million
  • Revenue from continuing operations grew by 20%
  • Export revenue from continuing operations up by 45% to R354 million (11% of total revenue)
  • Revenue per employee improved from R674 000 to R857 000
  • Operating profit from continuing operations as a percentage of revenue up to 7,7% from 7,1%
  • Improved segmental disclosure

2000

1999 

change 

Group summary (R million)
Revenue from continuing operations

3 184,1

2 648,6 

20 

Operating profit from continuing operations

244,6

188,6 

30 

Pro forma headline earnings

286,5

215,9*

33 


Ordinary share performance (cents)

Earnings per share

180,3

179,2 

Pro forma headline earnings per share

140,7

107,7*

31 

Dividends per share – normal

76,0

58,0 

31 

                             – special

250,0 

Cash flow per share excluding special dividend
and related STC

118,2

200,6 

Net worth per share

400,0

336,0 

19 


Financial statistics (%)
Return on ordinary shareholders' funds

38,6

34,0 

Return on net operating assets

97,9

62,3 


Number of employees

3 716

6 775 

(45)


* 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.


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Copyright - Reunert - 2003