Financial results

Reviewed Group Results
For the year ended 30 June 2004

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Commentary | Turnover analysis | Income statements | Segmental reporting | Balance sheets 
Statement of changes in equity | Cash flow statement | Notes

Abridged group income statements

For the year ended 30 June 2004

(Rand 000's unless otherwise stated)
  Reviewed
year to
30 June 2004
Audited
year to
30 June 2003
%
increase

Group Turnover 799 892 749 150  

Profit from operating activities before depreciation 229 293 189 393  
Depreciation (15 395) (17 017)  
Impairment of property, plant and equipment   (6 189)  
Loss on sale of property, plant and equipment (241) (612)  

Profit from trading activities 213 657 165 575 29,0
Interest received 6 814 5 093  
Dividends received 2 877 2 243  
Share incentive trust reversal 2 700  
Goodwill amortised (64)
Interest paid (1 482) (1 730)

Profit before taxation 221 802 173 881 27,6
Taxation (66 888) (53 935) 24,0

Profit after taxation 154 914 119 946 29,2
Outside shareholders' interest (4 119) (2 336)  

Earnings attributable to ordinary shareholders 150 795 117 610 28,2

Number of shares in issue (000's) 17 646 17 604  
Earnings per share (cents) 854,6 668,1 27,9
Headline earnings per share (cents) 856,3 691,4 23,9
Ordinary dividends declared per share (cents) 160,0 130,0 23,1
Special dividend declared per share (cents) 140,0 -
Reconciliation of headline earnings
Earnings attributable to ordinary shareholders 150 795 117 610  
Loss on sale of property, plant and equipment 241 612  
Impairment of property, plant and equipment 6 189  
Share incentive trust reversal   (2 700)  
Goodwil amortised 64    

Headline earnings 151 100 121 711 24,1

Reconciliation of shares in issue
Total number of shares issued (000's) 18 677 18 536  
Share incentive Trust shares (000's) (1 031) (932)  

Shares in issue (000's) 17 646 17 604