| |
(1) |
(2) |
(3) |
| |
|
|
(1) - (2) |
| INCOME STATEMENT |
Unadjusted |
Actual |
|
| |
Audited |
3 months |
Pro forma |
| |
15 months to |
1 January 2009 |
12 months to |
| Rmillion |
31 March 2010 |
to 31 March 2009 |
31 March 2010 |
| Revenue |
11 136 |
2 347 |
8 789 |
| Profit from operations |
1 691 |
191 |
1 500 |
| Capital profit on land |
52 |
|
52 |
| Capital profit on insurance claim |
13 |
|
13 |
| BEE IFRS 2 charge and transaction costs |
(35) |
(9) |
(26) |
| Zimbabwe consolidation take-on gain |
1 969 |
1 969 |
|
| Valuation adjustments |
(3) |
1 |
(4) |
| Operating profit |
3 687 |
2 152 |
1 535 |
| Share of associate company’s profit |
1 |
1 |
|
| Net financing costs |
(452) |
(87) |
(365) |
| Profit before tax |
3 236 |
2 066 |
1 170 |
| Tax |
(208) |
(50) |
(158) |
| Net profit for the period |
3 028 |
2 016 |
1 012 |
| Profit attributable to: |
|
|
|
| |
Shareholders of Tongaat Hulett |
2 898 |
2 013 |
885 |
| |
Minority (non-controlling) interest |
130 |
3 |
127 |
| |
3 028 |
2 016 |
1 012 |
| Headline earnings attributable to Tongaat Hulett shareholders |
858 |
43 |
815 |
| Earnings per share (cents) |
|
|
|
| Net profit per share |
|
|
|
| |
Basic |
2 791,6 |
1 952,4 |
856,2 |
| |
Diluted |
2 736,0 |
1 912,4 |
839,1 |
| Headline earnings per share |
|
|
|
| |
Basic |
826,5 |
41,7 |
788,5 |
| |
Diluted |
810,0 |
40,9 |
772,7 |
| Dividend per share (cents) |
275,0 |
- |
275,0 |
| |
|
|
|
| SEGMENTAL ANALYSIS |
|
|
|
| REVENUE |
|
|
|
| Starch operations |
2 778 |
535 |
2 243 |
| Land Conversion and Developments |
274 |
14 |
260 |
| Sugar |
|
|
|
| |
Zimbabwe operations |
1 636 |
311 |
1 325 |
| |
Swaziland operations |
134 |
1 |
133 |
| |
Mozambique operations |
463 |
16 |
447 |
| |
SA agriculture milling and refining |
4 285 |
1 137 |
3 148 |
| |
Downstream value added activities |
1 566 |
333 |
1 233 |
| Consolidated total |
11 136 |
2 347 |
8 789 |
| PROFIT FROM OPERATIONS |
|
|
|
| Starch operations |
301 |
50 |
251 |
| Land Conversion and Developments |
187 |
(7) |
194 |
| Sugar |
|
|
|
| |
Zimbabwe operations |
576 |
58 |
518 |
| |
Swaziland operations |
63 |
12 |
51 |
| |
Mozambique operations |
192 |
51 |
141 |
| |
SA agriculture milling and refining |
158 |
22 |
136 |
| |
Downstream value added activities |
226 |
26 |
200 |
| Centrally accounted and consolidation items |
(12) |
(21) |
9 |
| Consolidated total |
1 691 |
191 |
1 500 |
(1)
|
Unadjusted audited results for the 15 months ended 31 March 2010.
|
(2)
|
Unaudited results for the 3 months from 1 January 2009 to 31 March 2009 based on complete management account information for the 3 months ended 31 March 2009 prepared in terms of IFRS.
|
(3)
|
Pro forma results for the 12 months to 31 March 2010, being column 1 minus column 2, which represents the unaudited pro forma comparative income statement for the 12 months to 31 March 2010.
|
(4)
|
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 arising from the change in the company’s previous financial year end. As per the JSE Limited Listings Requirements, para 8.18 : this information is prepared for illustrative purposes and because of its nature, it may not fairly present the financial results of the company for the pro forma reporting period.
|
(5)
|
The reporting accountants’ report from Deloitte & Touche on the pro forma financial information is set out in the annual financial statements and forms part of the SENS announcement of results.
|
