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Hulamin
Integrated Annual Report 2017
 

FIVE-YEAR REVIEW

   2017 
R’000 
2016 
R’000 
2015 
R’000 
2014 
R’000 
2013 
R’000 
INCOME STATEMENT                
Revenue  10 159 698   10 099 349   8 394 986   8 038 918   7 560 007  
EBITDA1  754 340   807 514   444 141   659 988   527 209  
Operating profit/(loss) 537 966  621 514   295 480   585 133   (1 805 371)
Net finance costs  (77 625) (86 696) (66 492) (45 707) (63 357)
Profit/(loss) before tax  460 341   534 818   228 988   539 426   (1 868 728)
Taxation  (128 109) (149 885) (65 274) (154 498) 523 769  
Net profit/(loss) attributable to equity holders of the company  332 232   384 933   163 714   384 928   (1 344 959)
Headline earnings attributable to shareholders  333 039   379 737   119 261   358 355   183 005  
BALANCE SHEET                
Property, plant, equipment and intangibles  3 388 737   3 332 586   3 233 717   2 756 925   2 553 218  
Retirement benefit asset  127 054   117 397   142 292   138 854   161 468  
Deferred tax asset  21 152   25 463   20 260   25 450   27 815  
Current assets  3 686 594  3 480 992   3 260 271   3 348 149   2 987 371  
Total assets  7 230 066  6 956 438   6 656 540   6 269 378   5 729 872  
Equity holders’ interest  4 648 677   4 346 688   3 854 517   3 833 817   3 402 810  
Borrowings: non-current and current  428 699  652 444   1 045 401   686 144   804 482  
Deferred tax liability  578 568   516 533   486 765   477 702   405 311  
Retirement benefit obligations  266 767   258 879   227 997   236 369   225 826  
Current liabilities (excluding current borrowings) 1 307 355   1 181 894   1 041 860   1 035 346   891 443  
Total equity and liabilities  7 230 066  6 956 438   6 656 540   6 269 378   5 729 872  
CASH FLOW                
Net cash inflow from operating activities  557 166   679 028   123 775   518 046   282 958  
Net cash flow from investing activities  (261 034) (263 679) (543 329) (335 358) (547 666)
Free cash flow2  296 132  402 911  (434 486) 181 030  135 292 
Net cash inflow/(outflow) from financing activities  (287 405)   (405 393) 233 401   (124 724) 27 912  
Net cash increase/(decrease) for the year  8 727  9 956   (186 153) 57 964   163 204  

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