FIVE YEAR REVIEW
| FINANCIAL STATISTICS | 2008 | 2007 | 2006 | 2006 | 2005 | 2004 | |
| Restated * | |||||||
| TRADING RESULTS (Rmillion) | |||||||
| Revenue | 7 106 | 6 395 | 5 110 | 7 848 | 6 926 | 6 298 | |
| Profit from Tongaat Hulett operations | 1 132 | 838 | 726 | 726 | 550 | 323 | |
| Profit from Hulamin operations | 211 | 159 | 74 | ||||
| Other net income/(expenditure) | 40 | 3 012 | 83 | 83 | 21 | (39) | |
| Operating profit | 1 172 | 3 850 | 809 | 1 020 | 730 | 358 | |
| Net financing (costs)/income | (280) | (119) | 88 | (23) | (60) | (93) | |
| Share of associate company’s (loss)/profit | (4) | (4) | (25) | 6 | |||
| Profit before tax | 892 | 3 731 | 893 | 993 | 645 | 271 | |
| Tax | (212) | (288) | (238) | (269) | (162) | (41) | |
| Minority shareholders | (31) | (28) | (1) | (1) | (11) | (10) | |
| Discontinued operation - Hulamin unbundling | 42 | 69 | |||||
| Net profit attributable to shareholders | 649 | 3 457 | 723 | 723 | 472 | 220 | |
| Headline earnings attributable to shareholders | 583 | 61 | 703 | 703 | 466 | 206 | |
| SOURCE OF CAPITAL (Rmillion) Shareholders’ interest | 3 059 | 2 735 | 3 293 | 4 957 | 4 613 | 4 347 | |
| Minority interests in subsidiaries | 276 | 223 | 56 | 76 | 75 | 71 | |
| Equity | 3 335 | 2 958 | 3 349 | 5 033 | 4 688 | 4 418 | |
| Deferred tax | 582 | 673 | 605 | 1 055 | 936 | 854 | |
| Borrowings - long and short-term | 2 585 | 1 387 | 500 | 1 223 | 840 | 1 380 | |
| Non-recourse equity-settled BEE borrowings | 792 | 812 | |||||
| Provisions | 279 | 261 | 247 | 297 | 283 | 271 | |
| Capital employed | 7 573 | 6 091 | 4 701 | 7 608 | 6 747 | 6 923 | |
| EMPLOYMENT OF CAPITAL (Rmillion) Property, plant, equipment,
investments and intangibles | 5 032 | 3 525 | 2 642 | 4 625 | 4 183 | 4 161 | |
| Growing crops | 742 | 353 | 212 | 212 | 182 | 185 | |
| Long-term receivable | 196 | 203 | 203 | 203 | 203 | 210 | |
| Inventories, receivables and derivative instruments | 3 358 | 3 150 | 2 452 | 3 507 | 2 834 | 2 793 | |
| Cash and cash equivalents | 229 | 396 | 162 | 509 | 526 | 803 | |
| Total assets | 9 557 | 7 627 | 5 671 | 9 056 | 7 928 | 8 152 | |
| Current liabilities (excluding short-term borrowings) | 1 984 | 1 536 | 970 | 1 448 | 1 181 | 1 229 | |
| 7 573 | 6 091 | 4 701 | 7 608 | 6 747 | 6 923 | ||
| RATIOS AND STATISTICS EARNINGS Headline earnings per share - (cents) |
565,6 | 58,1 | 666,4 | 666,4 | 452,4 | 202,5 | |
| Dividends per ordinary share - (cents) | 310,0 | 310,0 | 550,0 | 550,0 | 400,0 | 170,0 | |
| Dividend cover - (times) | 1,8 | 0,2 | 1,2 | 1,2 | 1,1 | 1,2 | |
| PROFITABILITY Operating margin |
15,9% | 13,1% | 14,2% | 13,0% | 10,5% | 5,7% | |
| Return on capital employed | 18,8% | 17,0% | 16,3% | 14,8% | 11,1% | 5,5% | |
| Return on equity | 18,5% | 1,9% | 21,2% | 14,5% | 10,2% | 4,8% | |
| FINANCE Debt to equity |
77,5% | 46,9% | 14,9% | 24,3% | 17,9% | 31,2% | |
| Net debt to equity | 70,6% | 33,5% | 10,1% | 14,2% | 6,7% | 13,1% | |
| Current ratio | 1,07 | 1,41 | 1,25 | 1,53 | 1,78 | 1,53 | |
| SHARES | |||||||
| Shares in issue - (millions) | - issued | 103 | 103 | 107 | 107 | 104 | 102 |
| - weighted | 103 | 105 | 105 | 105 | 103 | 102 | |
| Market capitalisation | - Rmillion | 6 556 | 9 167 | 11 938 | 11 938 | 8 467 | 5 525 |
| Value of shares traded | - Rmillion | 1 609 | 4 218 | 3 512 | 3 512 | 1 899 | 1 325 |
| Net asset value per share | - (cents) | 2 963 | 2 655 | 3 089 | 4 650 | 4 440 | 4 251 |
| Share price - (cents) | - balance sheet date | 6 350 | 8 900 | 11 200 | 11 200 | 8 150 | 5 404 |
| - high | 10 250 | 15 000 | 11 400 | 11 400 | 8 500 | 5 500 | |
| - low | 4 900 | 8 500 | 7 800 | 7 800 | 5 010 | 3 280 | |
| Annual volume of shares traded | - (millions) | 21 | 36 | 37 | 37 | 29 | 30 |
| * Comparative figures have been restated to reflect Hulamin as a discontinued operation and the relevant ratios have been restated. | |||||||
