| |
2006
Rm |
2005*
Rm |
2004**
Rm |
2003**
Rm |
2002**
Rm |
| CONSOLIDATED
BALANCE SHEETS |
|
|
|
|
|
| ASSETS |
|
|
|
|
|
| Property, plant and equipment |
455,4 |
328,4 |
196,2 |
213,7 |
157,1 |
| Intangible assets |
11,9 |
7,9 |
|
|
|
| Goodwill |
326,8 |
329,0 |
324,8 |
306,9 |
360,0 |
| Investments and loans |
148,8 |
116,2 |
109,9 |
20,8 |
151,6 |
| RC&C Finance Company
(RCCF) accounts receivable*** |
1
403,8 |
1 028,2 |
528,5 |
1 220,0 |
953,9 |
| Deferred taxation assets |
59,1 |
37,5 |
56,2 |
33,1 |
25,9 |
| Cash and cash equivalents |
969,3 |
784,4 |
451,3 |
484,8 |
283,5 |
| Other current assets |
2
274,3 |
1 565,8 |
1 420,6 |
1 358,5 |
1 372,7 |
| Total assets |
5
649,4 |
4 197,4 |
3 087,5 |
3 637,8 |
3 304,7 |
| EQUITY AND
LIABILITIES |
|
|
|
|
|
| Ordinary and preference
equity holders of Reunert Ltd |
1
680,9 |
1 561,7 |
983,1 |
1 156,5 |
1 071,1 |
| Minority interest |
38,2 |
43,0 |
39,7 |
121,2 |
103,5 |
| Total equity |
1
719,1 |
1 604,7 |
1 022,8 |
1 277,7 |
1 174,6 |
| Deferred taxation liabilities |
141,6 |
81,7 |
44,3 |
63,8 |
45,9 |
| Long-term borrowings |
115,0 |
111,7 |
— |
— |
— |
| RCCF short-term borrowings*** |
1
187,9 |
866,8 |
314,1 |
900,7 |
838,0 |
| Current liabilities |
2
485,8 |
1 532,5 |
1 706,3 |
1 395,6 |
1 246,2 |
| Total equity and
liabilities |
5
649,4 |
4 197,4 |
3 087,5 |
3 637,8 |
3 304,7 |
| CONSOLIDATED
INCOME STATEMENTS |
|
|
|
|
|
| Revenue |
8
236,4 |
7 012,0 |
6 247,3 |
6 103,9 |
5 062,9 |
| Operating profit |
1
272,7 |
917,3 |
700,5 |
607,7 |
472,1 |
| Net interest and
dividends received |
64,9 |
50,1 |
65,1 |
45,2 |
36,5 |
| Profit before abnormal
items |
1337,6 |
967,4 |
765,6 |
652,9 |
508,6 |
| Abnormal items |
1,6 |
3,9 |
6,0 |
— |
(18,7) |
| Profit before taxation |
1
339,2 |
971,3 |
771,6 |
652,9 |
489,9 |
| Taxation |
(500,5) |
(326,5) |
(309,0) |
(224,4) |
(177,3) |
| Profit after taxation |
838,7 |
644,8 |
462,6 |
428,5 |
312,6 |
| Share of associate
company’s profits/(losses) |
95,2 |
79,2 |
66,8 |
(82,6) |
89,6 |
| Profit for the period |
933,9 |
724,0 |
529,4 |
345,9 |
402,2 |
| Profit for the period
attributable to: |
|
|
|
|
|
| Minority interest |
11,1 |
10,7 |
51,0 |
50,5 |
31,6 |
| Equity holders of
Reunert Ltd |
922,8 |
713,3 |
478,4 |
295,4 |
370,6 |
| |
933,9 |
724,0 |
529,4 |
345,9 |
402,2 |
Headline earnings attributable
to equity holders
of Reunert Limited |
918,6 |
708,1 |
526,9 |
345,6 |
429,3 |
| Headline earnings per
share (cents) |
524,6 |
408,4 |
277,5 |
183,5 |
229,5 |
| Basic earnings per
share (cents) |
527,0 |
411,4 |
251,9 |
156,9 |
198,1 |
| CONSOLIDATED
CASH FLOW STATEMENTS |
|
|
|
|
|
| EBITDA |
1
335,9 |
967,2 |
811,9 |
712,3 |
559,7 |
| Changes in working
capital |
(252,8) |
(101,3) |
113,0 |
210,5 |
(157,2) |
| Cash generated from operations |
1
083,1 |
865,9 |
924,9 |
922,8 |
402,5 |
| Net interest and dividends
received |
120,9 |
119,3 |
65,1 |
45,2 |
144,9 |
| Taxation paid |
(347,4) |
(364,9) |
(313,5) |
(178,7) |
(209,0) |
| Ordinary dividends paid |
(464,2) |
(308,3) |
(268,1) |
(258,4) |
(201,0) |
| Share buyback |
— |
— |
(476,6) |
— |
— |
Acquisition of assets,
businesses and investments
and other |
(162,5) |
7,5 |
(237,2) |
(123,1) |
(451,6) |
| Net long-term borrowings
(repaid)/raised |
(0,5) |
129,4 |
— |
— |
— |
Net cash generated/(utilised)
(before RCCF receivables) |
229,4 |
448,9 |
(305,4) |
407,8 |
(314,2) |
| (Increase)/decrease
in RCCF receivables*** |
(375,6) |
(499,7) |
691,5 |
(269,8) |
(208,8) |
| Net cash (utilised)/generated |
(146,2) |
(50,8) |
386,1 |
138,0 |
(523,0) |
|
| |
| * |
|
The
2005 information has been restated to
take account of the effect of adopting
IFRS on 1 October 2004
and SAICA Circular 9/2006. |
| ** |
|
The
2002 to 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 RC&C Finance Company
debtors book. |
|
|
