| In connection with the US Securities Exchange Commission Rules relating to “Conditions for use of Non-GAAP Financial Measures”, EBITDA and headline earnings have been reconciled to net profit below: |
| |
Year ended March 31, |
| |
2006
Rm |
2007
Rm |
| EBITDA |
|
|
| Earnings before interest, taxation, depreciation and amortisation (EBITDA) can be reconciled as follows: |
|
|
| EBITDA |
20,553 |
19,785 |
| Depreciation, amortisation, impairment and write-offs |
(5,876) |
(5,315) |
| Investment income |
397 |
235 |
| Finance charges |
(1,223) |
(1,125) |
| Taxation |
(4,523) |
(4,731) |
| Minority interests |
(139) |
(203) |
| Net profit |
9,189 |
8,646 |
| Headline earnings |
|
|
| The disclosure of headline earnings is a requirement of the JSE Securities Exchange, South Africa and is not a recognised measure under US GAAP |
|
|
| Headline earnings can be reconciled as follows: |
|
|
| Earnings as reported |
9,189 |
8,646 |
| Profit on disposal of investment |
(163) |
(52) |
| Profit on disposal of property, plant and equipment and intangible assets |
(79) |
(29) |
| Impairment/(reversal of impairment) of property, plant and equipment and intangible assets |
(26) |
12 |
| Write-offs of property, plant and equipment |
188 |
284 |
| Acquisition of subsidiary |
(35) |
– |
| Tax and minority interest effects |
23 |
(62) |
| Headline earnings |
9,097 |
8,799 |
| US DOLLAR CONVENIENCE |
|
|
| |
|
March 31,
2007 |
| Operating revenue |
|
7,081 |
| Operating profits |
|
1,985 |
| Net profit |
|
1,186 |
| EBITDA |
|
2,714 |
| EPS (cents) |
|
230.6 |
| Net debt |
|
1,358 |
| Total assets |
|
8,113 |
| Cash flow from operating activities |
|
1,283 |
| Cash flow used in investing activities |
|
(1,428) |
| Cash flow used in financing activities |
|
(401) |
| Exchange rate |
|
|
| Period end1 |
|
|
| US$1 = ZAR |
|
7.29 |
| 1. Noon buying rate. |
|
|
|
