Reunert Annual Report 2004
   
  FIVE-YEAR FINANCIAL REVIEW
     
 
 
2004 
2003 
2002 
2001*
2000*
 
Rm 
Rm 
Rm 
Rm 
Rm 
ASSETS
Property, plant and equipment
196,2 
213,7 
157,1 
161,8 
154,2 
Goodwill
321,8 
306,9 
360,0 
10,9 
Investments and loans
109,9 
20,8 
151,6 
188,4 
 176,4 
RC&C Finance Company accounts          
   receivable
528,5 
1 220,0 
953,9 
745,1 
751,6 
Deferred taxation assets
56,2 
33,1 
25,9 
42,0 
22,6 
Cash and cash equivalents
451,3 
484,8 
283,5 
303,5 
222,8 
Other current assets
1 420,6 
1 358,5 
1 372,7 
1 092,0 
933,3 
Total assets
3 084,5 
3 637,8 
3 304,7 
2 543,7 
2 260,9 
EQUITY AND LIABILITIES
Ordinary and preference shareholders
933,5 
1 156,5 
1 071,1 
878,5 
919,7 
Outside shareholders
39,7 
121,2 
103,5 
137,9 
101,2 
Interest of all shareholders
973,2 
1 277,7 
1 174,6 
1 016,4 
1 020,9 
Deferred taxation liabilities
44,3 
63,8 
45,9 
48,6 
31,3 
Long-term borrowings
– 
– 
– 
2,7 
4,1 
RC&C Finance Company          
   short-term borrowings
314,1 
900,7 
838,0 
324,0 
147,2 
Current liabilities
1 752,9 
1 395,6 
1 246,2 
1 152,0 
1 057,4 
Total equity and liabilities
3 084,5 
3 637,8 
3 304,7 
2 543,7 
2 260,9 
RESULTS
Revenue
6 247,3 
6 103,9 
5 062,9 
4 229,8 
3 340,1 
Operating profit
700,5 
607,7 
472,1 
379,2 
273,2 
Net interest and dividend income
65,1 
45,2 
36,5 
59,1 
58,8 
Profit before abnormal items
765,6 
652,9 
508,6 
438,3 
332,0 
Abnormal items
6,0 
– 
(18,7)
– 
77,4 
Profit before taxation
771,6 
652,9 
489,9 
438,3 
409,4 
Taxation
(309,0)
(224,4)
(177,3)
(145,6)
(114,0)
Profit after taxation
462,6 
428,5 
312,6 
292,7 
295,4 
Share of associate companies’          
   profits/(losses)
66,8 
(82,6)
89,6 
81,8 
73,8 
Profit after taxation including          
   associate companies
529,4 
345,9 
402,2 
374,5 
369,2 
Interest of outside shareholders
(51,0)
(50,5)
(31,6)
(42,3)
(4,2)
Earnings attributable to shareholders
   of Reunert Limited
478,4 
295,4 
370,6 
332,2 
365,0 
Headline earnings attributable to
   shareholders of Reunert Limited
526,9 
345,6 
429,3 
335,2 
284,3 
Headline earnings per share (cents)
277,5 
183,5 
229,5 
174,8 
139,6 
Basic earnings per share (cents)
251,9 
156,9 
198,1 
173,3 
179,2 
CONSOLIDATED
CASH FLOW STATEMENTS          
Net cash inflow/(outflow) from          
   operating activities
1 094,1 
258,3 
(58,9)
197,6 
360,4 
Investments net of disposals to maintain
   operating capacity
18,0 
(15,6)
1,9 
(9,8)
(33,2)
Cash available for investments to increase
   operating capacity
1 112,1 
242,7 
(57,0)
187,8 
327,2 
Investments to (increase)/decrease
 
   operating capacity (net)
(268,1)
(87,2)
(468,2)
(75,9)
83,0 
Net cash internally generated/(utilised)
844,0 
155,5 
(525,2)
111,9 
410,2 
           
* The 2000 and 2001 information has been restated to take account of the effect of the accounting policies adopted on 1 October 2001 of depreciating all properties and
accounting for dividends in the period that the declaration takes place.