Overview > Five-year review

Five-year review

               Restated 
   2016  2015  2014  2013  2012 
   R’000  R’000  R’000  R’000  R’000 
INCOME STATEMENT                
Revenue  10 099 349  8 394 986  8 038 918  7 560 007  6 541 997 
EBIDTA1  807 514  444 141  659 988  527 209  407 573 
Operating profit/(loss) 621 514  295 480  585 133  (1 805 371) 101 087 
Net finance costs  (86 696) (66 492) (45 707) (63 357) (62 909)
Share of profits of associates and joint ventures  –  –  –  –  181 
Profit/(loss) before tax  534 818  228 988  539 426  (1 868 728) 38 359 
Taxation  (149 885) (65 274) (154 498) 523 769  (9 106)
Net profit/(loss) attributable to equity holdersof the company  384 933  163 714  384 928  (1 344 959) 29 253 
Headline earnings attributable to shareholders  379 737  119 261  358 355  183 005  78 921 
BALANCE SHEET                
Property, plant, equipment, intangibles and investments  3 332 586  3 233 717  2 756 925  2 553 218  4 737 134 
Retirement benefit asset  117 397  142 292  138 854  161 468  177 179 
Deferred tax asset  25 463  20 260  25 450  27 815  33 632 
Current assets  3 480 992  3 260 271  3 348 149  2 987 371  2 537 421 
Total assets  6 956 438  6 656 540  6 269 378  5 729 872  7 485 366 
Equity holders’ interest  4 346 688  3 854 517  3 833 817  3 402 810  4 747 597 
Borrowings: non-current and current  652 444  1 045 401  686 144  804 482  772 079 
Deferred tax liability  516 533  486 765  477 702  405 311  962 518 
Retirement benefit obligations  258 879  227 997  236 369  225 826  233 242 
Current liabilities (excluding current borrowings) 1 181 894  1 041 860  1 035 346  891 443  769 930 
Total equity and liabilities  6 956 438  6 656 540  6 269 378  5 729 872  7 485 366 
CASH FLOW                
Net cash inflow/(outflow) from operating activities  679 028  123 775  518 046  282 958  98 392 
Net cash outflow from investing activities  (263 679) (543 329) (335 358) (147 666) (26 045)
Net cash (outflow)/inflow from financing activities  (405 393) 233 401  (124 724) 27 912  (62 651)
Net cash increase/(decrease) for the year  9 956  (186 153) 57 964  163 204  9 696 

 

 

                  Restated 
      2016  2015  2014  2013  2012 
      R’000  R’000  R’000  R’000  R’000 
RATIOS AND STATISTICS                   
Earnings                   
Earnings per share  (cents) 120  51  120  (422)
Headline earnings per share  (cents) 119  37  112  57  25 
Dividend per share*  (cents) 15  25  –  – 
Dividend cover*  (times) 7,9  4,6  4,5  –  – 
Profitability                   
Operating margin2  (%) 6,2  3,5  6,7  4,2  2,8 
Return on capital employed3  (%) 9,2  4,7  9,4  4,8  2,4 
Return on equity attributable to shareholders4  (%) 9,3  3,1  9,9  4,5  1,7 
Financial                   
Net debt to equity5  (%) 13,3  25,3  11,4  18,0  15,6 
Current ratio6     2,9  3,1  3,2  3,4  3,3 
Liquidity ratio7     1,4  1,4  1,3  1,3  1,3 

DEFINITIONS

1 Earnings before interest, taxation, depreciation, amortisation and impairment of property, plant and equipment and intangible assets.
2 Operating profit (excluding impairment of property, plant and equipment and intangible assets) expressed as a percentage of revenue.
3 Net operating profit after taxation (excluding impairment of property, plant and equipment and intangible assets) expressed as a percentage of average capital employed. 
4 Headline earnings expressed as a percentage of average equity. 
5 Current and non-current borrowings less cash divided by total equity. 
6 Current assets divided by current liabilities (excluding borrowings). 
7 Current assets (excluding inventories) divided by current liabilities (excluding borrowings). 
* No dividends were declared in financial years 2012 and 2013. Dividend cover is calculated based on headline earnings. 

Note: 2012 was restated to reflect the effects of the change in accounting policy regarding employee benefits.