Seven-year

CONSOLIDATED INCOME STATEMENTS

 

R million 2008   2007   2006   2005   2004   2003   2002  
Profit before taking into account              
   the following 1 578   1 476   1 938   1 384   1 292   1 209   734  
Non-recurring and capital              
   items and impairments 1 684   51   3 165   2 216   (132)  1 055   (158) 
Consolidated profit before tax 3 262   1 527   5 103   3 600   1 160   2 264   576  
Taxation (419)  (403)  (857)  (417)  (397)  (394)  (173) 
Consolidated profit after tax 2 843   1 124   4 246   3 183   763   1 870   403  
Share in after-tax profit of              
   associated companies and              
   joint ventures 7 210   6 003   4 354   5 742   3 177   7 262   3 255  
Profit before taking into              
   account the following 7 086   5 995   4 428   4 514   4 164   4 421   3 881  
Non-recurring and capital              
   items and impairments 124   8   (74)  1 228   (987)  2 841   (626) 
space
Net profit after tax 10 053   7 127   8 600   8 925   3 940   9 132   3 658  
Minority interest (160)  (185)  (398)  (407)  (335)  (446)  (151) 
Attributable net profit for the year 9 893   6 942   8 202   8 518   3 605   8 686   3 507  
Headline earnings 7 991   6 892   5 084   4 998   4 687   4 856   4 252  
Headline earnings per share (cents) 1 692.8   1 453.6   1 052.3   1 005.0   931.3   940.1   814.5  
Headline earnings per share –              
   excluding non-recurring              
   portion of BEE costs (cents)* 1 700.7   1 453.6   1 130.9   1 005.0   931.3   940.1   814.5  
Earnings per share (cents) 2 095.7   1 464.2   1 697.6   1 712.9   716.3   1 681.6   671.8  
Dividends per share (cents)              
– Ordinary 510.00   434.00   361.00   314.00   285.00   248.00   206.00  
– Special     400.00   600.00   200.00     100.00  
The figures for 2005 above have been restated in terms of IFRS. Figures for the years before 2005 have not been adjusted.
* During the 2006 financial year, various companies in the Group concluded black economic empowerment (BEE) transactions. Due to the material effect that the accounting treatment of these transactions had on Remgro’s results, headline earnings per share in the 2006 financial year were also presented excluding the non-recurring portion of BEE costs. During the year under review, Rainbow Chicken Limited also concluded a BEE transaction and accordingly headline earnings per share are again presented excluding the non-recurring portion of BEE costs.

Remgro's relative share performance

 

CONSOLIDATED BALANCE SHEETS AND CASH FLOW STATEMENTS

R million 2008   2007   2006   2005   2004   2003   2002  
BALANCE SHEETS              
Property, plant and equipment 2 668   2564   2444   4120   3 515   3 253   2 083  
Investments – Associated              
   companies 43 175   33 033   26 098   28 201   22 737   19 844   16 984  
Other non-current assets 9 039   6 802   4 584   2 645   2 106   3 607   2 831  
Current assets 6 945   7 460   8 210   4 773   5 372   4 079   4 435  
Total assets 61 827   49 859   41 336   39 739   33 730   30 783   26 333  
Total equity 57 875   46 427   38 090   36 844   31 411   28 981   24 991  
Non-current liabilities 1 872   1 580   1 144   866   685   472   244  
Current liabilities 2 080   1 852   2 102   2 029   1 634   1 330   1 098  
Total equity and liabilities 61 827   49 859   41 336   39 739   33 730   30 783   26 333  
Net asset value per share (Rand)              
(attributable to own members)              
– at book value 121.11   96.69   78.14   71.51   59.26   54.19   46.10  
– at intrinsic value 253.67   221.00   157.59   119.97   100.36   77.23   89.50  
               
CASH FLOW STATEMENTS              
Cash generated from operations 1 232   1 666   1 474   1 566   1 383   1 055   618  
Cash flow generated from returns              
   on investments 3 801   3 040   4 200   2 670   2 013   2 542   1 697  
Taxation paid (497)  (676)  (369)  (546)  (363)  (220)  (111) 
Cash available from operating              
   activities 4 536   4030   5305   3690   3 033   3 377   2 204  
Dividends paid (2 252)  (3 813)  (4 676)  (2 642)  (1 438)  (1 765)  (968) 
Cash flow from operating activities 2 284   217   629   1048   1 595   1 612   1 236  
Net investing activities (3 438)  (1725)  3 364   (2 203)  (528)  (1 943)  (201) 
Net financing activities 84   70   99   9   62   (82)  (158) 
Net increase/(decrease) in cash              
   and cash equivalents (1 070)  (1 438)  4 092   (1 146)  1 129   (413)  877  
The figures for 2005 above have been restated in terms of IFRS. Figures for the years before 2005 have not been adjusted.

 

Cash movement at the Holding Company