GROUP INCOME STATEMENT
Year ended 30 September          
 
 
2004 
 
2003 
 
 
 
R million 
 
R million 
% 
 
Notes 
(Reviewed)
 
(Audited)
change 
Revenue
 
6 247,3 
 
6 103,9 
2 
Earnings before interest, tax, depreciation
 
 
 
 
and amortisation (EBITDA)
 
811,9 
 
712,3 
14 
Depreciation
 
57,9 
 
58,4 
(1)
Operating profit before amortisation of goodwill
754,0 
 
653,9 
15 
Amortisation of goodwill
 
53,5 
 
46,2 
16 
Operating profit
1 
700,5 
 
607,7 
 15 
Net interest and dividend income
2 
65,1 
 
45,2 
44 
Profit before abnormal items
 
765,6 
 
652,9 
17 
Abnormal items
3 
6,0 
 
– 
 
Profit before taxation
 
771,6 
 
652,9 
18 
Taxation
 
309,0 
 
224,4 
38 
Profit after taxation
 
462,6 
 
428,5 
8 
Share of associate companies’ profits/(losses)
 
66,8 
 
(82,6)
 
Profit after tax including associate companies
 
529,4 
 
345,9 
53 
Earnings attributable to outside shareholders
 
 
 
 
in subsidiaries
 
51,0 
 
50,5 
1 
Earnings attributable to ordinary shareholders
 
 
 
 
in Reunert Limited
 
 478,4 
 
295,4 
62 
Basic earnings per share (cents)
4 
251,9 
 
156,9 
61 
Diluted basic earnings per share (cents)
4 
248,4 
 
154,7 
61 
Headline earnings per share (cents)
5 
277,5 
 
183,5 
51 
Diluted headline earnings per share (cents)
5 
273,6 
 
181,0 
51 
Dividends per ordinary share declared in respect of
 
 
 
the current year (cents)
 
160,0 
 
120,0 
33 
Taxation rate excluding amortisation and abnormal
 
 
 
items (%)
 
37,6 
 
32,1 
 
EBITDA as a % of turnover
 
13,0 
 
11,7 
 
         
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