A N N U A L   R E P O R T   –   2 0 0 2 
Financial highlights Statutory information
Letter to the shareholders Accounting policies
Board of directors Income statements
Group operations Balance sheets
Developing people Cash flow statements
Corporate governance Notes to the cash flow statements
Value added statement Statements of changes in equity
Segmental analysis Principal subsidiaries
Five-year financial review Share ownership analysis
Summary of statistics Shareholders’ diary
Definitions Administration
Directors’ responsibility Notice of annual general meeting
Report of the independent auditors Currency conversion table
Secretaries’ certification  

F I N A N C I A L    H I G H L I G H T S  
  • Headline earnings per share increased by 31% to 230,0 cents

  • Dividend increased by 30% to 118 cents per share

  • Revenue grew by 20%

  • EBITDA as a percentage of revenue up to 11,1% from 10,1% number X
     
  • "For the fifth consecutive year, the Reunert group of companies has achieved an annual growth in headline earnings per share of more than 25%."

       
 

 
2002 2001 % change
R million % R million % over 2001

Revenue 5 062,9 4 229,8 20
Paid to suppliers for materials and services 3 846,3 3 151,9 22
Value added 1 216,6 1 077,9 13
Income from investments and associates 130,1 154,0 (16)
TOTAL WEALTH CREATED 1 346,7 100 1 231,9100 9
      
DISTRIBUTED AS FOLLOWS:     
EMPLOYEES      
Remuneration and service benefits473,1 411,5  
Add: PAYE collected on behalf of government 90,2  79,5  
Gross remuneration and service benefits563,3 42 491,040 15
PROVIDERS OF CAPITAL     
Dividends to Reunert shareholders 181,4 14 156,513 16
Dividends to outside shareholders in subsidiaries 19,6 1 12,51 57
Interest paid on borrowings 22,7 2 13,11 73
  223,7 17 182,115 23
MONETARY EXCHANGES WITH GOVERNMENT      
Taxation on profits 177,3  145,6  
RSC levies 8,9  7,6  
VAT, customs duties and other taxes 126,1  156,3  
  312,3 23 309,525 1
RETAINED IN THE GROUP TO DEVELOP FUTURE GROWTH      
Depreciation 46,2 3 43,84 5
Accumulated profit 201,2 15 205,516 (2)
  247,4 18 249,320 (1)
TOTAL WEALTH DISTRIBUTED 1 346,7 100 1 231,9100 9
      

 



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