Net worth per share
Ordinary shareholders’ funds divided by shares in issue at year-end.
Earnings before interest, taxation, depreciation and amortisation of intangible
Operating profit divided by revenue.
Property, plant and equipment, investments and current assets.
Total assets less non-interest-bearing debt, excluding RC&C Finance Company
Net operating assets
Total assets excluding cash and cash equivalents, less current liabilities
excluding short-term loans and bank overdrafts.
Net asset turn
Revenue divided by average net operating assets.
Return on ordinary shareholders’ funds
Headline earnings divided by average ordinary shareholders’ funds.
Return on net operating assets
Operating profit, plus share of associate company income, less adjustments for
capital items excluded from headline earnings, divided by average net operating
Return on net operating assets excluding investments in
As for return on net operating assets excluding investments in and share of
associate company income.
Current assets divided by short-term non-interest-bearing debt.
Net interest cover
Operating profit and dividends from associates divided by net interest paid.
Total liabilities excluding deferred taxation.
Total borrowings net of cash and short-term investments.
Cash flow per share
Cash flow from operating activities before dividend paid and excluding the
movement in RC&C Finance Company accounts receivable, divided by the
weighted average number of shares in issue during the year.
Headline earnings per share divided by dividends per share.
Headline earnings per share divided by market price per share at year-end.
Dividend per share divided by market price per share at year-end.
Market price per share at year-end multiplied by number of ordinary shares in
Headline earnings per share
Attributable earnings adjusted for attributable value of items in terms of
SAICA circular 07/2002, divided by the weighted average number of ordinary
shares in issue during the year.