Consolidated statement of comprehensive income

for the year ended 30 June



2014
R’000s

2013
R’000s

2012
R’000s

2011
R’000s

2010
R’000s

2009
R’000s

Continuing








Revenue


134 976

15 593

430 651

324 782

6 329

6 733

Cost of sales


(85 107)

(3 288)

(231 248)

(184 343)

Gross profit


49 869

12 305

199 403

140 439

6 329

6 733

Operating costs


(165 385)

(49 590)

(107 599)

(88 529)

(26 479)

(13  189)

(Loss)/profit from equity-accounted investments


(528)

131 072

119 566

117 628

130 492

– (Loss)/profit from jointly-controlled entities


(528)

126 860

88 643

82 200

97 600

– Profit from associates


4 212

30 923

35 428

32 893

Remeasurement of investment


32 838

42 488

Realisation of fair value reserve


35 588

Gain on acquisition of investment


23 637

80 623

Profit on sale of investments


60 248

151









Depreciation and amortisation


8 755

(9 651)

(38 610)

(36 010)

(479)

Reversal of impairments


336

15 000

Impairment of investments


(128 485)

(3 860)

Net (loss)/profit before finance costs and taxation


(68 324)

(46 936)

280 438

22 132

135 627

204 659

Finance income


8 621

4 502

6 797

3 405

Finance costs


(18 026)

(12 415)

(24 225)

(32 916)

(29 835)

(31 939)

Net (loss)/profit before taxation


(77 729)

(54 849)

263 010

(7 379)

105 792

172 720

Taxation


18 846

3 438

(11 598)

(15 292)

(1 084)

(1 000)

(Loss)/profit for the year from continuing operations


(58 883)

(51 411)

251 412

(22 671)

104 708

171 720

Discontinued operations








Profit for the year from discontinued operations


121 972

178 526

Profit for the year


63 089

127 115

251 412

(22 671)

104 708

171 720









Headline earnings


14 774

130 036

163 637

88 694

70 226

96 473

Adjusted headline earnings


106 083

140 013

136 530

102 496

87 596

96 516

















Consolidated statement of financial position

as at 30 June



2014

R’000s

2013
R’000s

2012

R’000s

2011
R’000s

2010
R’000s

2009
R’000s

Non-current assets


301 692

1 530 221

1 406 887

1 631 715

2 156 126

1 876 394

Assets classified as held for sale


1 655 335

451 000

Current assets


218 203

472 190

462 586

112 179

122 352

79 363

Total assets


2 175 230

2 002 411

1 869 473

2 194 894

2 278 478

1 955 757









Shareholders’ interest


1 682 715

1 649 098

1 613 539

1 756 792

1 767 402

1 639 715

Non-controlling interest


(9 407)

(1 957)

4 978

Non-current liabilities








– Provisions


490

768

173

126

94

– Finance lease liabilities


945

244

1 134

1 500

– Deferred tax liabilities


18 557

12 107

11 525

23 618

17 112

2 384

– Interest-bearing borrowings


60 000

83 436

36 000

88 000

108 058

– Cumulative redeemable preference shares


132 691

132 424

101 670

193 157

256 961

285 124

Liabilities classified as held for sale


170 124

Current liabilities


119 115

126 291

105 432

131 701

123 873

28 534

Total equity and liabilities


2 175 230

2 002 411

1 869 473

2 194 894

2 278 478

1 955 757


















Share statistics



2014
000’s

2013
000’s

2012
000’s

2011
000’s

2010
000’s

2009
000’s

Shares in issue (before deducting treasury shares)


484 403

460 680

460 680

470 459

462 331

449 581

Adjusted shares in issue (after deducting treasury shares)*


466 170

459 648

459 510

468 239

456 511

443 761

Weighted average number of shares in issue


466 738

460 680

469 195

463 757

454 507

462 033

Adjusted weighted average number of shares in issue*


462 985

459 623

467 166

457 937

448 687

462 033

Diluted weighted average number of shares in issue


468 719

460 680

469 195

463 757

454 507

462 033

Diluted adjusted weighted average number of shares in issue*


464 966

459 623

467 166

457 937

448 687

462 033



















cents

cents

cents

cents

cents

cents

Basic earnings/(loss) per share


15.20

28.02

53.58

(4.89)

23.04

37.17

Diluted basic earnings/(loss) per share


15.13

28.02

53.58

(4.89)

23.04

37.17

Headline earnings per share


3.17

28.23

34.88

19.13

15.45

20.88

Diluted headline earnings per share


3.15

28.23

34.88

19.13

15.45

20.88

Adjusted headline earnings per share*


22.91

30.46

29.23

22.38

19.52

20.89

Adjusted diluted headline earnings per share*


22.82

30.46

29.23

22.38

19.52

20.89

Ordinary dividend per share**


15.00

12.50

10.00

7.50

7.50

Special ordinary dividend per share**


7.50

60.00

Tangible net asset value per share


293

309

312

347

351

365

Adjusted tangible net asset value per share


307

309

314

349

356

370

Net asset value per share


345

358

351

373

383

365

Adjusted net asset value per share


361

358

352

375

388

370

Opening price


335

245

300

235

230

220

Closing price


592

360

255

305

220

225

Closing high for the period


650

375

320

335

235

225

Closing low for the period


340

245

230

200

220

220

Dividend yield


2.53

3.39

4.90

3.28

3.41

3.33

PE ratio


20.39

11.31

11.44

16.8

11.46

10.01









*

The consolidation of the Grand Parade Share Incentive Trust (GPSIT) and the GPI Womens BBBEE Empowerment Trust (BBBEE Trust) is reversed as the Group does not receive the economic benefits of these Trusts.

** Dividends declared in respect of the year-end.