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  • Supplementary financial information
 
 
  Supplementary information  
     
     
 
income statements for the year ended 31 December 2007      
  2007
Audited
Rm		   2006
Unaudited
Rm
Revenue 10 157    8 814 
Operating expenses (8 713)   (7 553)
NET OPERATING PROFIT 1 444    1 261 
Net financing costs (215)   (315)
Income from investments 2     
Share of profit from equity accounted investments 728    638 
PROFIT BEFORE TAXATION 1 959    1 584 
Taxation (512)   (595)
PROFIT FOR THE YEAR 1 447    989 
Attributable to:      
Equity holders of the parent 1 427    962 
Minority interest 20    27 
  1 447    989 
Ordinary shares (million)      
– in issue 353    351 
– weighted average number of shares 341    313 
– diluted weighted average number of shares 355    318 
ATTRIBUTABLE EARNINGS PER SHARE (CENTS)      
– basic 418    307 
– diluted 402    302 
Dividend per share for the year (cents) 160    525 
RECONCILIATION OF HEADLINE EARNINGS      
Net profit attributable to ordinary shareholders 1 427    962
Adjusted for:      
– IFRS 3 Excess of acquirer’s interest in the net fair value of the acquiree’s    identifiable assets, liabilities and contingent liabilities over cost     (36)
– IAS 16 Impairment of property, plant and equipment 23     
– IAS 16 Gains or losses on disposal of property, plant and equipment 17    (3)
– IAS 28 Gains or losses on the disposal of associates or joint ventures     (39)
– IAS 28 Share of associate’s IAS 16 – Gains or losses on disposal of    property, plant and equipment (3)   (1)
– IAS 28 Share of associate’s IAS 39 – Recycling of re-measurements from   equity to the income statement, including a hedge of net investment in
  a foreign entity but  excluding cash flow hedges		 (7)    
– IAS 36 Impairment reversal of investment (6)    
Taxation on adjustments (3)   10 
HEADLINE EARNINGS 1 448    893 
HEADLINE EARNINGS PER SHARE (CENTS)      
– basic 425    285 
– diluted 408    281 
 
     
 
  2007
Audited
Rm		   2006
Unaudited
Rm
ASSETS      
Non-current assets      
Property, plant and equipment 8 235    8 367 
Biological assets 30    26 
Intangible assets 76    69 
Investments in associates and joint ventures 757    384 
Deferred taxation 732    521 
Other financial assets 1 031    693 
Total non-current assets 10 861    10 060 
Current assets      
Inventories 1 531    1 391 
Trade and other receivables 1 931    1 663 
Cash and cash equivalents 850    1 367 
Total current assets 4 312    4 421 
Non-current assets classified as held for sale 2    2 
TOTAL ASSETS 15 175    14 483 
EQUITY AND LIABILITIES      
Capital and reserves      
Share capital 2 067    4 560 
Non-distributable reserves 1 502    1 205 
Retained income 6 235    3 395 
Equity attributable to equity holders of the parent 9 804    9 160 
Minority interest 19    27 
Total equity 9 823    9 187 
Non-current liabilities      
Interest-bearing borrowings 1 259    1 214 
Non-current provisions 1 329    931 
Deferred taxation 1 077    1 116 
Total non-current liabilities 3 665    3 261 
Current liabilities      
Trade and other payables 1 449    1 321 
Interest-bearing borrowings 74    613 
Taxation 137    67 
Current provisions 27    30 
Shareholders for dividend     4 
Total current liabilities 1 687    2 035 
TOTAL EQUITY AND LIABILITIES 15 175    14 483 
NET DEBT 483    460 
Cashflow statements for the year ended 31 December      
Cash flows from operating activities 1 507    (1 173)
Cash flows from investing activities (1 119)   (559)
Cash flows from financing activities (453)   2 260 
Net (decrease)/increase in cash and cash equivalents (65)   528 
  		 
     
 

Supplementary information is compiled using the following assumptions:

  1. - the iron ore business is excluded and the investment in SIOC is equity accounted from 1 January 2005
  2. - Eyesizwe is consolidated from 1 January 2005
  3. - the non-recurring entries to give effect to the empowerment transaction are excluded
  4. - the impairment of the mineral sands property, plant and equipment is excluded from the 2006 results
  5. - net financing costs have been split on the assumption that Exxaro incurred the majority of external
       borrowings with SIOC being cash positive
  6. - the taxation charge has been split on the assumption that STC incurred on dividend declaration was
       borne by Exxaro.
  
     
 
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