|
|
|
2011 |
|
2010 |
|
2009 |
|
2008 |
|
2007 |
|
Compound growth % |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summarised income statement (Rm) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
 |
|
61 197 |
|
58 535 |
|
55 442 |
|
48 334 |
|
41 266 |
|
10.4 |
| Operating profit |
|
|
13 696 |
|
11 238 |
|
12 005 |
|
12 491 |
|
10 860 |
|
6.0 |
| Net finance charges |
|
|
(1 058) |
|
(2 272) |
|
(1 749) |
|
(424) |
|
(463) |
|
22.9 |
| Profit before tax |
|
|
12 638 |
|
8 945 |
|
10 237 |
|
12 067 |
|
10 396 |
|
5.0 |
| Taxation |
|
|
(4 659) |
|
(4 745) |
|
(4 045) |
|
(4 109) |
|
(3 836) |
|
5.0 |
| Net profit |
|
|
7 979 |
|
4 200 |
|
6 192 |
|
7 958 |
|
6 560 |
|
5.0 |
| Non-controlling interests |
|
|
(266) |
|
4 |
|
103 |
|
147 |
|
218 |
|
n/a |
| EBITDA |
|
|
20 594 |
|
19 782 |
|
18 196 |
|
16 463 |
|
14 227 |
|
9.7 |
| Summarised statement of financial position (Rm) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-current assets |
|
|
27 982 |
|
29 131 |
|
35 224 |
|
24 468 |
|
20 844 |
|
7.6 |
| Current assets |
|
|
13 453 |
|
12 560 |
|
12 135 |
|
9 707 |
|
7 626 |
|
15.2 |
| Equity and reserves |
|
|
16 180 |
|
14 636 |
|
15 098 |
|
11 806 |
|
9 647 |
|
13.8 |
| Non-current liabilities |
|
|
8 743 |
|
11 590 |
|
10 430 |
|
4 787 |
|
3 812 |
|
23.1 |
| Current liabilities |
|
|
16 512 |
|
15 465 |
|
21 831 |
|
17 582 |
|
15 011 |
|
2.4 |
| Net debt |
|
|
9 458 |
|
12 161 |
|
17 537 |
|
8 663 |
|
6 027 |
|
11.9 |
| Capital expenditure |
|
|
6 311 |
|
6 636 |
|
6 906 |
|
5 916 |
|
6 748 |
|
(1.7) |
| Summarised statement of cash flows (Rm) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash generated from operations |
|
|
21 385 |
|
19 711 |
|
15 905 |
|
16 022 |
|
13 528 |
|
12.1 |
| Tax paid |
|
|
(4 982) |
|
(4 764) |
|
(4 123) |
|
(4 721) |
|
(3 303) |
|
10.8 |
| Net cash flows from operating activities |
|
|
16 403 |
|
14 947 |
|
11 782 |
|
11 301 |
|
10 225 |
|
12.5 |
| Net cash flows utilised in investing activities |
|
|
(6 581) |
|
(6 329) |
|
(12 646) |
|
(7 431) |
|
(6 542) |
|
0.1 |
| Net cash flows (utilised in)/from financing activities |
|
|
(10 119) |
|
(8 548) |
|
1 171 |
|
(3 013) |
|
(5 609) |
|
15.9 |
| Net (decrease)/increase in cash and cash equivalents |
|
|
(297) |
|
70 |
|
307 |
|
857 |
|
(1 926) |
|
(37.3) |
| Cash and cash equivalents at end of the year |
|
|
539 |
|
951 |
|
1 084 |
|
837 |
|
(108) |
|
n/a |
| Performance per ordinary share (cents) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic earnings per share |
|
|
561 |
|
282 |
|
409 |
|
525 |
|
426 |
|
7.1 |
| Headline earnings per share |
|
|
656 |
|
510 |
|
417 |
|
528 |
|
426 |
|
11.4 |
| Diluted headline earnings per share |
|
|
654 |
|
509 |
|
417 |
|
528 |
|
426 |
|
11.3 |
| Net asset value per share |
|
|
1 099 |
|
985 |
|
1 015 |
|
793 |
|
648 |
|
14.1 |
| Dividends per share |
|
|
355 |
|
110 |
|
350 |
|
399 |
|
363 |
|
(8.6) |
| Profitability and returns (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| EBITDA margin |
|
|
33.7 |
|
33.8 |
|
32.8 |
|
34.1 |
|
34.5 |
|
|
| Operating profit margin |
|
|
22.4 |
|
19.2 |
|
21.7 |
|
25.8 |
|
26.3 |
|
|
| Effective tax rate |
|
|
36.9 |
|
53.0 |
|
39.5 |
|
34.1 |
|
36.9 |
|
|
| Net profit margin |
|
|
13.0 |
|
7.2 |
|
11.2 |
|
16.5 |
|
15.9 |
|
|
| Return on equity1 |
|
|
56.2 |
|
30.2 |
|
47.9 |
|
75.0 |
|
71.2 |
|
|
| Return on capital employed2 |
|
|
61.6 |
|
43.4 |
|
70.7 |
|
85.5 |
|
77.6 |
|
|
| Liquidity and debt leverage (times) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest cover3 |
|
|
15.9 |
|
7.0 |
|
8.2 |
|
18.3 |
|
29.4 |
|
|
| Net debt to EBITDA |
|
|
0.5 |
|
0.6 |
|
1.0 |
|
0.5 |
|
0.4 |
|
|
| Current ratio4 |
|
|
0.8 |
|
0.8 |
|
0.6 |
|
0.6 |
|
0.5 |
|
|
| Quick ratio5 |
|
|
0.8 |
|
0.8 |
|
0.5 |
|
0.5 |
|
0.5 |
|
|
