| F
I V E – Y E A R R E V I E W |
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2001
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2000* |
1999
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1998
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1997
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Rm
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Rm
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Rm
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Rm
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Rm
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ASSETS |
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Property,
plant and equipment |
185,2
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175,3
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236,5
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354,6
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395,4
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Goodwill |
10,9
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Investments |
188,4 |
176,4 |
135,4 |
160,9 |
159,5 |
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RC&C
Finance Company |
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accounts
receivable |
745,1 |
751,6 |
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Deferred
taxation assets |
42,0 |
22,6 |
29,2 |
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Cash
and cash equivalents |
303,5 |
222,8 |
958,0 |
496,9 |
118,0 |
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Other
current assets |
1
092,4 |
945,0 |
1
260,3 |
1
493,7 |
1
702,4 |
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Total
assets |
2
567,5 |
2
293,7 |
2
619,4 |
2
506,1 |
2
375,3 |
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EQUITY
AND LIABILITIES |
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Ordinary
and preference |
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shareholders |
759,9 |
810,7 |
674,4 |
938,7 |
808,5 |
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Outside
shareholders |
122,0 |
99,2 |
217,8 |
254,7 |
255,6 |
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Interest
of all shareholders |
881,9 |
909,9 |
892,2 |
1
193,4 |
1
064,1 |
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Deferred
taxation liabilities |
48,6 |
31,3 |
5,8 |
5,7 |
7,6 |
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Long-term
borrowings |
2,7 |
4,1 |
4,5 |
5,2 |
5,6 |
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RC&C
Finance Company |
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short-term
borrowings |
324,0 |
147,2 |
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Current
liabilities |
1
310,3 |
1
201,2 |
1
716,9 |
1
301,8 |
1
298,0 |
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Total
equity and liabilities |
2
567,5 |
2
293,7 |
2
619,4 |
2
506,1 |
2
375,3 |
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RESULTS |
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Revenue |
4
229,8 |
3
340,1 |
4
565,5 |
4
919,5 |
5
162,9 |
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Operating
profit |
381,5 |
275,5 |
296,6 |
234,1 |
235,9 |
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Net
interest and dividend income |
59,1 |
58,8 |
95,7 |
35,5 |
(20,4) |
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Profit
before abnormal items |
440,6 |
334,3 |
392,3 |
269,6 |
215,5 |
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Abnormal
items |
– |
77,4 |
88,6 |
– |
(125,9) |
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Profit
before taxation |
440,6 |
411,7 |
480,9 |
269,6 |
89,6 |
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Taxation |
145,6 |
114,0 |
147,6 |
98,8 |
62,5 |
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Profit
after taxation |
295,0 |
297,7 |
333,3 |
170,8 |
27,1 |
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Share
of associate companies' profit |
81,8 |
73,8 |
79,5 |
100,2 |
52,7 |
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Profit
after taxation |
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including
associate companies |
376,8 |
371,5 |
412,8 |
271,0 |
79,8 |
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Interest
of outside shareholders |
42,4 |
4,3 |
53,6 |
60,6 |
8,4 |
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Headline
earnings attributable to |
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shareholders
of Reunert Limited |
337,4 |
286,5 |
274,2 |
211,1 |
131,9 |
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Earnings
attributable to |
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shareholders
of Reunert Limited |
334,4 |
367,2 |
359,2 |
210,4 |
71,4 |
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Headline
earnings per share (cents) |
176,0 |
140,7 |
136,8 |
105,6 |
66,5 |
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Pro
forma headline earnings |
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per
share (cents) |
176,0 |
140,7 |
107,7** |
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Basic
earnings per share (cents) |
174,4 |
180,3 |
179,2 |
105,2 |
36,0 |
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CONSOLIDATED
CASH FLOW STATEMENTS |
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Net
cash inflow from operating |
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activities |
197,6 |
360,4 |
373,5 |
474,0 |
124,7 |
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Investments
net of disposals to |
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maintain
operating capacity |
(9,8) |
(33,2) |
28,5 |
(35,3) |
15,9 |
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Cash
available for investments to |
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increase
operating capacity |
187,8 |
327,2 |
402,0 |
438,7 |
140,6 |
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Investments
to (decrease)/increase |
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operating
capacity (net) |
(75,9) |
83,0 |
49,6 |
(17,4) |
(106,2) |
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Net
cash internally generated |
111,9 |
410,2 |
451,6 |
421,3 |
34,4 |
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*
The 2000 information has been
restated to consolidate RC&C Finance
Company. RC&C Finance
Company, which was
previously equity accounted, has been
consolidated with effect from 1 October
2000.
**
The ordinary shareholders of Reunert Limited
received a special dividend of R510 million
(R2,50 per share) on 29
October 1999. This payment had a major
distorting effect on the comparability of the
results of 2000 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 for 1999 of
R274,2 million by R58,3 million. |
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