|
2003
|
2002
|
2001
|
2000*
|
1999
|
|
|
Rm
|
Rm
|
Rm
|
Rm
|
Rm
|
|
|
|
ASSETS |
|
|
|
|
|
|
| Property, plant and equipment |
213,7 |
157,1
|
161,8
|
154,2
|
236,5
|
|
| Goodwill |
306,9 |
360,0
|
10,9
|
|
|
|
| Investments |
20,8 |
151,6 |
188,4 |
176,4 |
135,4 |
|
RC&C Finance
Company
accounts receivable |
1 220,0 |
953,9 |
745,1 |
751,6
|
|
|
| Deferred taxation
assets |
33,1 |
25,9 |
42,0 |
22,6 |
29,2
|
|
| Cash and cash
equivalents |
484,8 |
283,5 |
303,5 |
222,8 |
958,0 |
|
| Other current
assets |
1 358,5 |
1 372,7 |
1 092,0 |
933,3 |
1 260,3 |
|
|
|
| Total assets |
3 637,8 |
3 304,7 |
2 543,7 |
2 260,9 |
2 619,4 |
|
|
|
| EQUITY AND
LIABILITIES |
|
|
|
|
|
|
| Ordinary and
preference shareholders |
1 156,5 |
1 071,1 |
878,5 |
919,7 |
674,4 |
|
| Outside
shareholders |
121,2 |
103,5 |
137,9 |
101,2 |
217,8 |
|
|
|
| Interest of all
shareholders |
1 277,7 |
1 174,6 |
1 016,4 |
1 020,9 |
892,2 |
|
| Deferred taxation
liabilities |
63,8 |
45,9 |
48,6 |
31,3 |
5,8 |
|
| Long-term
borrowings |
– |
- |
2,7 |
4,1 |
4,5 |
|
RC&C Finance
Company
short-term borrowings |
900,7 |
838,0 |
324,0 |
147.2
|
|
|
| Current liabilities |
1 395,6 |
1 246,2 |
1 152,0 |
1 057,4 |
1 716,9 |
|
|
|
| Total equity and
liabilities |
3 637,8 |
3 304,7 |
2 243,7 |
2 260,9 |
2 619,4 |
|
|
|
|
RESULTS |
|
|
|
|
|
|
| Revenue |
6 103,9 |
5 062,9 |
4 229,8 |
3 340,1 |
4 565,5 |
|
|
|
| Operating profit |
607,7 |
472,1 |
379,2 |
273,2 |
296,6 |
|
| Net interest and
dividend income |
45,2 |
36,5 |
59,1 |
58,8 |
95,7 |
|
|
|
| Profit before
abnormal items |
652,9 |
508,6 |
438,3 |
332,0 |
392,3 |
|
| Abnormal items |
– |
(18,7) |
– |
77,4 |
88,6
|
|
|
|
| Profit before
taxation |
652,9 |
489,9 |
438,3 |
409,4 |
480,9 |
|
| Taxation |
(224,4) |
(177,3) |
(145,6) |
(114,0) |
(147,6) |
|
|
|
| Profit after
taxation |
428,5 |
312,6 |
292,7 |
295,4 |
333,3 |
|
| Share of associate
companies' (losses) / profits |
(82,6) |
89,6 |
81,8 |
73,8 |
79,5 |
|
|
|
Profit after
taxation
including associate companies |
345,9 |
402,2 |
374,5 |
369,2 |
412,8 |
|
| Interest of outside
shareholders |
(50,5) |
(31,6) |
(42,3)
|
(4,2) |
(53,6) |
|
|
|
Earnings attributable to
shareholders of Reunert Limited |
295,4 |
370,6 |
332,2 |
365,0 |
359,2 |
|
Headline earnings
attributable to
shareholders of Reunert Limited |
345,6 |
429,3 |
335,2 |
284,3 |
274,2 |
|
| Headline earnings
per share (cents) |
183,5 |
229,5 |
174,8 |
139,6 |
136,8 |
|
| Pro forma headline earnings per
share (cents) |
183,5 |
229,5
|
174,8 |
139,6 |
107,7 |
** |
| Basic earnings per
share (cents) |
156,9 |
198,1 |
173,3 |
179,2 |
179,2 |
|
|
|
|
CONSOLIDATED
CASH FLOW STATEMENTS |
|
| Net cash
inflow/outflow from operating activities |
258,3 |
(58,9) |
197,6 |
360,4 |
373,5 |
|
Investments net of
disposals to
maintain operating capacity |
(15,6) |
1,9 |
(9,8) |
(33,2) |
28,5 |
|
|
|
Cash available for
investments to
increase operating capacity |
242,7 |
(57,0) |
187,8 |
327,2 |
402,0 |
|
Investments to
(increase) /decrease
operating capacity (net) |
(87,2) |
(468,2) |
(75,9) |
83,0 |
49,6 |
|
|
|
| Net cash internally
generated / (utilised) |
155,5 |
(525,2) |
111,9 |
410,2 |
451,6 |
|
|
|
* The 2000 and 2001 information has been restated to
take account of the effect of the new accounting policies adopted on 1 October
2001 of depreciating all properties and accounting for dividends in the period
that the declaration takes place.
** 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. |
|
