Remgro Limited – 2009 Audited consolidated results

Additional information

 

2010 

2009 
 

R’m 

R’m 

Discontinued operations

 

 
Equity accounted income from discontinued operations

– 

2 417 
Realisation of reserves previously deferred in equity

– 

2 695 
Pre-tax profit on disposal of discontinued operations

– 

38 068 
Tax on the disposal of discontinued operations

– 

(677)
Profit for the year from discontinued operations

– 

42 503 

On 7 October 2008 Remgro shareholders approved the unbundling of the investment in British American Tobacco Plc (BAT) by way of an interim dividend in specie, and on 3 November 2008 Remgro distributed 192.9 million ordinary shares in BAT and 302.6 million Reinet Investments S.C.A. (Reinet) depositary receipts (DRs) to Remgro shareholders in the ratio of 40.6054 BAT ordinary shares and 63.6977 Reinet DRs for every 100 Remgro shares held.

 

2010 

2009 

Number of shares in issue

   
– Ordinary shares of 1 cent each

481 106 370 

439 479 751 
   Issued at 1 April

439 479 751 

449 003 606 
   Issued during the year

41 626 619 

– 
   Cancelled during the year

– 

(9 523 855)
– Unlisted B ordinary shares of 10 cents each

35 506 352 

35 506 352 
Total number of shares in issue

516 612 722 

474 986 103 

Number of shares held in treasury

   
– Ordinary shares repurchased and held in treasury

(3 424 044)

(3 500 000)
 

513 188 678 

471 486 103 
     

Weighted number of shares

486 152 822 

471 798 001 

In determining earnings per share and headline earnings per share the weighted number of shares was taken into account.

 

2010 

2009 
 

R’m 

R’m 

Listed investments

 

 

Associated

 

 
– Book value

17 235 

16 838 
– Market value

28 480 

18 904 

Other

 

 
– Book value

6 357 

4 651 
– Market value

6 357 

4 651 
 

 

 

Unlisted investments

 

 

Associated

 

 
– Book value

10 817 

6 957 
– Directors’ valuation

17 720 

11 407 

Joint ventures

 

 
– Book value

55 

84 
– Directors’ valuation

55 

84 

Other

 

 
– Book value

287 

91 
– Directors’ valuations

287 

91 
 

 

 

Additions to and replacement of property, plant and equipment

424 

463 
 

 

 

Capital commitments

882 

751 
(Including amounts authorised, but not yet contracted for)

 

 
 

 

 

Guarantees and contingent liabilities

389 

435 
 

 

 

Dividends received from associated companies and joint ventures set
  off against investments

1 222 

1 528 
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