| 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: |
In ZAR millions |
|
Year ended March 31, Restated 2006 |
Six months ended
September 30 |
Restated
2005 |
2006 |
| EBITDA |
|
|
|
|
| Earnings before interest, taxation, depreciation and amortisation (EBITDA) can be reconciled as follows: |
|
|
|
|
| EBITDA |
|
20,553 |
10,429 |
10,225 |
| Depreciation, amortisation, impairment and write-offs |
|
(5,876) |
(2,804) |
(2,540) |
| Investment income |
|
397 |
217 |
170 |
| Finance charges |
|
(1,223) |
(744) |
(437) |
| Taxation |
|
(4,523) |
(2,739) |
(2,844) |
| Minority interests |
|
(139) |
(71) |
(74) |
| Net profit |
|
9,189 |
4,288 |
4,500 |
| 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 |
4,288 |
4,500 |
| Profit on disposal of investment |
|
(163) |
(122) |
(43) |
| Net profit and loss on disposal of property, plant and equipment and intangible assets |
|
(79) |
(68) |
5 |
| Impairment of property, plant and equipment and intangible assets |
|
(26) |
(34) |
19 |
| Write-offs of property, plant and equipment |
|
188 |
98 |
67 |
| Acquisition of subsidiary |
|
(35) |
– |
– |
| Tax and minority interest effects |
|
23 |
37 |
(14) |
| Headline earnings |
|
9,097 |
4,199 |
4,534 |
| US DOLLAR CONVENIENCE |
|
|
|
|
|
Year ended
March 31,
Restated
2006 |
Six months ended September 30 |
Restated
2005 |
2006 |
% |
| Revenue |
7,744 |
3,692 |
3,241 |
(12.2) |
| Operating profits |
2,387 |
1,201 |
990 |
(17.6) |
| Net profit |
1,516 |
686 |
589 |
(14.1) |
| EBITDA |
3,342 |
1,642 |
1,318 |
(19.7) |
| EPS (cents) |
283.9 |
127.1 |
111.9 |
(12.0) |
| Net debt |
1,110 |
1,722 |
1,502 |
(12.8) |
| Total assets |
9,357 |
8,426 |
7,133 |
(15.3) |
| Cash flow from operating activities |
1,546 |
138 |
99 |
(28.3) |
| Cash flow used in investing activities |
(1,185) |
(485) |
(529) |
9.1 |
| Cash flow used in financing activities |
(42) |
135 |
(105) |
(177.8) |
| Exchange rate |
|
|
|
|
| Period end1 |
|
|
|
|
| US$1 = ZAR |
6.15 |
6.35 |
7.76 |
22.2 |
| 1. Noon buying rate |
|
|
|
|
|
|
