Annual Report for the year ended 30 June 2009
   
 
   
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Group currency conversion (unaudited) – annexure 1  
 
     
 
CURRENCY OF FINANCIAL STATEMENTS      
The financial statements are expressed in South African Rand.        
The exchange rates at 30 June were as follows:        
    2009   2008  
US Dollar     7,78   7,84  
Pound Sterling     12,76   15,61  
Euro     10,92   12,35  
Australian Dollar     6,25   7,55  
Brazilian Real     3,99   4,93  
Mexican Peso     0,59   0,76  
SELECTED GROUP FINANCIAL DATA TRANSLATED
INTO US DOLLAR
  
     
Income statement and cash flow information was translated at an average rate of R8,90 (2008: R7,32).        
       
The statement of financial position information was translated at a closing rate of R7,78 (2008: R7,84).        
  %  
growth  
2009  
USD'million  
2008  
USD'million  
INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE 2009        
CONTINUING OPERATIONS        
Revenue   48,4   949,4   639,7  
Cost of sales     (512,8)  (343,1) 
Gross profit   47,2   436,6   296,6  
Net operating expenses     (165,8)  (117,0) 
Operating profit before amortisation   50,8   270,8   179,6  
Amortisation of intangible assets     (25,5)  (16,1) 
Operating profit   50,1   245,3   163,5  
Investment income     25,2   36,0  
Financing costs     (78,6)  (38,4) 
    191,9   161,1  
Share of after-tax net losses of associates     (0,4)  (0,2) 
Profit before tax   19,0   191,5   160,8  
Tax     (40,7)  (45,5) 
Profit after tax from continuing operations   30,7   150,8   115,3  
DISCONTINUED OPERATIONS        
Profit for the year from discontinued operations     1,2   2,7  
Profit for the year   28,7   152,0   118,0  
Attributable to:        
Equity holders of the parent     150,5   117,9  
Minority interests     1,5   0,2  
    152,0   118,1  
 
  %  
growth  
2009  
USD'million  
2008  
USD'million  
STATEMENT OF FINANCIAL POSITION AT 30 JUNE 2009        
ASSETS        
Non-current assets        
Property, plant and equipment     304,9   222,5  
Intangible assets     578,4   550,1  
Other non-current assets     5,9   4,0  
Total non-current assets   14,5   889,2   776,6  
Current assets        
Inventories     184,3   184,6  
Trade and other receivables     269,9   228,4  
Cash and cash equivalents     265,3   194,2  
Total current assets   18,5   719,5   607,2  
Total assets   16,2   1 608,7   1 383,8  
SHAREHOLDERS’ EQUITY      
Ordinary shareholders’ equity   516,7   391,8  
Preference shares – equity component     20,8   22,9  
Minority interests     10,3   8,5  
Total shareholders’ equity   29,4   547,8   423,2  
LIABILITIES        
Non-current liabilities        
Preference shares – liability component     50,4   51,3  
Borrowings     441,1   9,7  
Deferred-payables and other non-current financial liabilities     1,2   1,5  
Deferred tax liabilities     26,1   19,8  
Total non-current liabilities   530,6   518,8   82,3  
Current liabilities        
Trade and other payables     167,0   128,1  
Financial liability at amortised cost     —   338,4  
Borrowings     343,0   395,9  
Other current financial liabilities     32,1   15,9  
Total current liabilities   (38,3)  542,1   878,3  
Total equity and liabilities   16,2   1 608,7   1 383,8  
       
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2009
  
     
Cash flows from operating activities   62,9   145,2   89,1  
Cash used in investing activities     (399,6)  (198,9) 
Cash outflow from financing activities     351,5   165,4  
Effects of exchange rate changes     (47,7)  (5,5) 
Movement in cash and cash equivalents     49,4   50,1  
Cash and cash equivalents at the beginning of the year     120,5   70,4  
Cash and cash equivalents at the end of the year     169,9   120,5  
 
     
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