| |
(1) |
(2) |
(3) |
| INCOME STATEMENT |
Unadjusted |
Actual |
|
| |
Audited |
3 months |
Pro forma |
| |
12 months to |
1 January 2009 |
15 months to |
| |
31 December |
to 31 March |
31 March |
| Rmillion |
2008 |
2009 |
2009 |
| Revenue |
7 106 |
2 347 |
9 453 |
| Profit from operations |
1 132 |
191 |
1 323 |
| Capital profit on land |
22 |
|
22 |
| Capital profit on insurance claim |
49 |
|
49 |
| BEE IFRS 2 charge and transaction costs |
(33) |
(9) |
(42) |
| Zimbabwe consolidation take-on gain |
|
1 969 |
1 969 |
| Valuation adjustments |
2 |
1 |
3 |
| Operating profit |
1 172 |
2 152 |
3 324 |
| Share of associate company’s profit |
|
1 |
1 |
| Net financing costs |
(280) |
(87) |
(367) |
| Profit before tax |
892 |
2 066 |
2 958 |
| Tax |
(212) |
(50) |
(262) |
| Net profit for the period |
680 |
2 016 |
2 696 |
| Profit attributable to: |
|
|
|
| |
Shareholders of Tongaat Hulett |
649 |
2 013 |
2 662 |
| |
Minority (non-controlling) interest |
31 |
3 |
34 |
| |
680 |
2 016 |
2 696 |
| Headline earnings attributable to Tongaat Hulett shareholders |
583 |
43 |
626 |
| Earnings per share (cents) |
|
|
|
| Net profit per share |
|
|
|
| |
Basic |
629,7 |
1 952,4 |
2 581,8 |
| |
Diluted |
616,8 |
1 912,4 |
2 529,0 |
| Headline earnings per share |
|
|
|
| |
Basic |
565,6 |
41,7 |
607,1 |
| |
Diluted |
554,2 |
40,9 |
594,7 |
| Dividend per share (cents) |
310,0 |
|
310,0 |
| |
|
|
|
| SEGMENTAL ANALYSIS |
|
|
|
| REVENUE |
|
|
|
| Starch operations |
2 150 |
535 |
2 685 |
| Agricultural Land Conversion and Development |
412 |
14 |
426 |
| Sugar |
|
|
|
| |
Zimbabwe operations |
|
311 |
311 |
| |
Swaziland operations |
137 |
1 |
138 |
| |
Mozambique operations |
527 |
16 |
543 |
| |
SA agriculture milling and refining |
2 424 |
1 137 |
3 561 |
| |
Downstream value added activities |
1 456 |
333 |
1 789 |
| Consolidated total |
7 106 |
2 347 |
9 453 |
| PROFIT FROM OPERATIONS |
|
|
|
| Starch operations |
240 |
50 |
290 |
| Agricultural Land Conversion and Development |
263 |
(7) |
256 |
| Sugar |
|
|
|
| |
Zimbabwe operations (2008: dividends) |
35 |
58 |
93 |
| |
Swaziland operations |
44 |
12 |
56 |
| |
Mozambique operations |
250 |
51 |
301 |
| |
SA agriculture milling and refining |
73 |
22 |
95 |
| |
Downstream value added activities |
204 |
26 |
230 |
| Centrally accounted and consolidation items |
23 |
(21) |
2 |
| Consolidated total |
1 132 |
191 |
1 323 |
| Notes |
(1)
|
Unadjusted audited results for the 12 months ended 31 December 2008, including the Zimbabwe operations being dividend accounted.
|
| (2) |
Unaudited results for the 3 months from 1
January 2009 to 31 March 2009 and incorporating the following:
|
| |
- |
Complete management account information for the 3 months,
including 31 March 2009 reporting cut-off, prepared in terms of IRFS. |
| |
- |
Inclusion of the Zimbabwe operations from the commencement
of consolidation to 31 March 2009. The commencement of consolidation gave
rise to an audited balance sheet take-on gain of R1,969 billion as
determined in accordance with IFRS 3 (revised). |
| (3) |
Pro forma results for the 15 months to 31 March 2009, being column 1 plus column 2.
|
(4)
|
The table above sets out the unaudited pro forma comparative income statement for the 15 months to 31 March 2009. This pro forma statement is the responsibility of the Tongaat Hulett directors, who are satisfied with its quality, and has been prepared for comparative purposes only.
|
(5)
|
The reporting accountants’ report from Deloitte & Touche on the pro forma is set out in the annual financial statements and forms part of the SENS announcement of results. |
