| |
|
IFRS
2011
Rm |
|
IFRS
2010
Rm |
IFRS
2009
Rm |
IFRS
2008
Rm |
IFRS
2007
Rm |
IFRS
2006
Rm |
IFRS
2005
Rm |
SA GAAP
2004
Rm |
SA GAAP
2003
Rm |
SA GAAP
2002
Rm |
| Condensed balance sheets |
|
|
|
|
|
|
|
|
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
| Property, plant and equipment and investment property |
|
612,2 |
|
593,8 |
559,3 |
569,6 |
565,7 |
455,4 |
328,4 |
196,2 |
213,7 |
157,1 |
| Intangible assets |
|
89,8 |
|
41,5 |
28,6 |
21,7 |
13,0 |
11,9 |
7,9 |
– |
– |
– |
| Goodwill |
|
654,9 |
|
492,1 |
460,6 |
415,3 |
372,8 |
326,8 |
329,0 |
324,8 |
306,9 |
360,0 |
| Investments and loans |
|
46,1 |
|
837,8 |
853,9 |
865,3 |
727,9 |
148,8 |
116,2 |
109,9 |
20,8 |
151,6 |
| Non-current accounts receivable1 |
|
965,9 |
|
846,0 |
993,6 |
1 274,8 |
– |
985,3 |
302,2 |
391,52 |
1 220,0 |
953,9 |
| Deferred taxation assets |
|
32,2 |
|
40,4 |
29,1 |
32,0 |
37,9 |
59,1 |
37,5 |
56,2 |
33,1 |
25,9 |
| Cash and cash equivalents1 |
|
643,0 |
|
1 878,1 |
1 700,7 |
876,6 |
530,6 |
969,3 |
784,4 |
451,3 |
484,8 |
283,5 |
| Other current assets1, 3 |
|
3 062,2 |
|
3 223,1 |
3 071,6 |
3 620,3 |
2 631,2 |
2 703,2 |
2 296,9 |
1 559,9 |
1 367,9 |
1 372,7 |
| Total assets |
|
6 106,3 |
|
7 952,8 |
7 697,4 |
7 675,6 |
4 879,1 |
5 659,8 |
4 202,5 |
3 089,8 |
3 647,2 |
3 304,7 |
| EQUITY AND LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
| Ordinary and preference equity holders of Reunert |
|
3 880,4 |
|
4 433,1 |
4 034,4 |
3 675,4 |
2 469,0 |
1 680,9 |
1 561,7 |
983,1 |
1 156,5 |
1 071,1 |
| Non-controlling interests |
|
55,2 |
|
37,9 |
26,7 |
20,7 |
14,4 |
38,2 |
43,0 |
39,7 |
121,2 |
103,5 |
| Total equity |
|
3 935,6 |
|
4 471,0 |
4 061,1 |
3 696,1 |
2 483,4 |
1 719,1 |
1 604,7 |
1 022,8 |
1 277,7 |
1 174,6 |
| Deferred taxation liabilities |
|
99,6 |
|
122,0 |
140,3 |
208,2 |
115,8 |
141,6 |
81,7 |
44,3 |
63,8 |
45,9 |
| Long-term borrowings |
|
0,7 |
|
710,9 |
710,9 |
712,7 |
278,8 |
115,0 |
111,7 |
– |
– |
– |
| Current liabilities3 |
|
2 070,4 |
|
2 648,9 |
2 785,1 |
3 058,6 |
2 001,1 |
3 684,1 |
2 404,4 |
2 022,7 |
2 305,7 |
2 084,2 |
| Total equity and liabilities |
|
6 106,3 |
|
7 952,8 |
7 697,4 |
7 675,6 |
4 879,1 |
5 659,8 |
4 202,5 |
3 089,8 |
3 647,2 |
3 304,7 |
| Condensed income statements |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue1 |
|
10 922,7 |
|
10 675,1 |
10 270,8 |
10 921,1 |
9 574,4 |
8 236,4 |
7 012,0 |
6 247,3 |
6 103,9 |
5 062,9 |
| Operating profit1 |
|
1 391,4 |
|
1 262,8 |
1 210,2 |
1 594,8 |
1 362,2 |
1 329,9 |
947,4 |
719,1 |
659,5 |
495,1 |
| Net interest and dividends received/(paid)1 |
|
40,9 |
|
59,2 |
38,4 |
39,6 |
11,3 |
7,7 |
20,0 |
46,5 |
(6,6) |
13,5 |
| Profit before abnormal items |
|
1 432,3 |
|
1 322,0 |
1 248,6 |
1 634,4 |
1 373,5 |
1 337,6 |
967,4 |
765,6 |
652,9 |
508,6 |
| Abnormal items |
|
346,4 |
|
(34,0) |
299,2 |
– |
(447,6) |
1,6 |
3,9 |
6,0 |
– |
(18,7) |
| Profit before taxation |
|
1 778,7 |
|
1 288,0 |
1 547,8 |
1 634,4 |
925,9 |
1 339,2 |
971,3 |
771,6 |
652,9 |
489,9 |
| Taxation |
|
(425,9) |
|
(376,6) |
(374,3) |
(486,8) |
(427,4) |
(500,5) |
(326,5) |
(309,0) |
(224,4) |
(177,3) |
| Profit after taxation |
|
1 352,8 |
|
911,4 |
1 173,5 |
1 147,6 |
498,5 |
838,7 |
644,8 |
462,6 |
428,5 |
312,6 |
| Share of associate companies’ profits/(losses) |
|
– |
|
– |
– |
16,1 |
148,4 |
95,2 |
79,2 |
66,8 |
(82,6) |
89,6 |
| Profit for the year |
|
1 352,8 |
|
911,4 |
1 173,5 |
1 163,7 |
646,9 |
933,9 |
724,0 |
529,4 |
345,9 |
402,2 |
| Profit for the year attributable to: |
|
|
|
|
|
|
|
|
|
|
|
|
| Non-controlling interests |
|
15,7 |
|
12,0 |
9,0 |
7,1 |
7,6 |
11,1 |
10,7 |
51,0 |
50,5 |
31,6 |
| Equity holders of Reunert |
|
1 337,1 |
|
899,4 |
1 164,5 |
1 156,6 |
639,3 |
922,8 |
713,3 |
478,4 |
295,4 |
370,6 |
| Headline earnings attributable to equity holders of Reunert |
|
988,9 |
|
903,4 |
1 163,1 |
1 159,8 |
481,3 |
918,6 |
708,1 |
526,9 |
345,6 |
429,3 |
| Condensed cash flow statements |
|
|
|
|
|
|
|
|
|
|
|
|
| EBITDA |
|
1 513,2 |
|
1 375,5 |
1 306,6 |
1 681,4 |
1 436,5 |
1 393,1 |
997,3 |
830,5 |
764,1 |
582,7 |
| Changes in working capital |
|
47,7 |
|
318,3 |
757,4 |
(327,7) |
(739,7) |
(628,4) |
(601,0) |
804,5 |
(59,3) |
(366,0) |
| Cash generated from operations |
|
1 560,9 |
|
1 693,8 |
2 064,0 |
1 353,7 |
696,8 |
764,7 |
396,3 |
1 635,0 |
704,8 |
216,7 |
| Net interest and dividends received |
|
40,9 |
|
59,2 |
38,4 |
126,5 |
157,3 |
63,7 |
89,2 |
46,5 |
(6,6) |
121,9 |
| Taxation paid |
|
(438,8) |
|
(407,9) |
(477,5) |
(410,8) |
(568,6) |
(347,4) |
(364,9) |
(313,5) |
(178,7) |
(209,0) |
| Dividends paid |
|
(498,5) |
|
(456,8) |
(550,3) |
(569,0) |
(879,3) |
(464,2) |
(308,3) |
(268,1) |
(258,4) |
(201,0) |
| Share buy back |
|
(1 127,9) |
|
(125,7) |
– |
– |
– |
– |
– |
(476,6) |
– |
– |
| Other (net) |
|
(1,6) |
|
26,3 |
42,6 |
17,9 |
23,7 |
(4,3) |
29,3 |
(5,8) |
(2,8) |
12,5 |
| Net cash flows from operating activities |
|
(465,0) |
|
788,9 |
1 117,2 |
518,3 |
(570,1) |
12,5 |
(158,4) |
617,5 |
258,3 |
(58,9) |
| Net cash flows from investing activities |
|
484,7 |
|
(313,3) |
(130,8) |
(921,3) |
1 008,6 |
(185,7) |
(48,5) |
(250,1) |
(102,8) |
(466,3) |
| Net cash flows from financing activities |
|
(641,0) |
|
21,9 |
2,5 |
(380,3) |
274,5 |
27,0 |
156,1 |
18,7 |
(17,5) |
2,2 |
| Net cash (utilised)/generated |
|
(621,3) |
|
497,5 |
988,9 |
(783,3) |
713,0 |
(146,2) |
(50,8) |
386,1 |
138,0 |
(523,0) |
| 1 |
All intergroup transactions between Reunert and Quince are now fully eliminated and disclosures related to Quince have been condensed into the appropriate lines on the balance sheet. Comparative information in all financial years has been restated accordingly. |
| 2 |
In December 2003, R1 255,5 million was received on the sale of the Quince debtors book. |
| 3 |
In years prior to 2008 inventory items were shown net of advance payments received from customers.
These advance payments are now disclosed in current liabilities. |
|
