| |
|
|
|
2007 |
|
|
2006 |
|
| |
Note |
|
|
Rm |
|
|
Rm |
|
|
|
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
Non-current assets
|
|
|
|
|
|
|
|
|
| Investment in preference shares |
|
|
|
200,0 |
|
|
– |
|
| Interest in subsidiaries |
Appendix 1 |
|
|
1 880,7 |
|
|
2 512,1 |
|
| Deferred taxation |
|
|
|
3,3 |
|
|
9,8 |
|
| |
|
|
|
2 084,0 |
|
|
2 521,9 |
|
Current assets
|
|
|
|
|
|
|
|
|
| Interest in subsidiaries |
Appendix 1 |
|
|
821,6 |
|
|
658,3 |
|
| Other receivables |
|
|
|
4,4 |
|
|
– |
|
| Cash and cash equivalents |
|
|
|
0,2 |
|
|
– |
|
| |
|
|
|
826,2 |
|
|
658,3 |
|
| Total assets |
|
|
|
2 910,2 |
|
|
3 180,2 |
|
|
|
|
|
|
|
|
|
|
|
EQUITY AND LIABILITIES
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
| Share capital |
12.2 |
|
|
3,4 |
|
|
3,4 |
|
| Share premium |
|
|
|
498,7 |
|
|
498,7 |
|
| Dividend reserve |
14.1 |
|
|
408,8 |
|
|
336,6 |
|
| Distributable reserve |
|
|
|
1 964,7 |
|
|
2 323,2 |
|
| |
|
|
|
2 875,6 |
|
|
3 161,9 |
|
Current liabilities
|
|
|
|
|
|
|
|
|
| Other payables |
|
|
|
17,1 |
|
|
16,7 |
|
| Bank overdraft |
|
|
|
– |
|
|
0,1 |
|
| Taxation payable |
|
|
|
17,5 |
|
|
1,5 |
|
| |
|
|
|
34,6 |
|
|
18,3 |
|
Total equity and liabilities
|
|
|
|
2 910,2 |
|
|
3 180,2 |
|
| Guarantee:The company has guaranteed the overdraft facilities of subsidiary companies. The amounts utilised amounted to |
|
|
|
751,1 |
|
|
988,8 |
|
Income Statement
|
| |
|
|
2007 |
|
|
2006 |
|
| |
|
|
Rm |
|
|
Rm |
|
| Profit before taxation* |
|
|
343,8 |
|
|
360,3 |
|
| Taxation – current year |
|
|
52,9 |
|
|
13,2 |
|
| Profit attributable to ordinary shareholders after taxation |
|
|
290,9 |
|
|
347,1 |
|
| * after taking account of: |
|
|
|
|
|
|
|
| Dividends received |
|
|
|
|
|
|
|
|
– subsidiary companies |
|
|
275,0 |
|
|
337,8 |
|
|
– preference |
|
|
16,9 |
|
|
25,4 |
|
| |
|
|
|
|
|
|
|
Statement of Changes in Equity
|
|
|
|
|
|
|
|
| Equity at the beginning of the year |
|
|
3 161,9 |
|
|
3 252,5 |
|
| Profit for the year |
|
|
290,9 |
|
|
347,1 |
|
| Dividends paid |
|
|
(577,2) |
|
|
(437,7) |
|
| Equity at the end of the year |
|
|
2 875,6 |
|
|
3 161,9 |
|
