SPUR CORP. LIMITED INTEGRATED REPORT 2014

group at a glance

5-year review

  Note 2014 
R’000 
2013*
R’000 
2012 
R’000 
2011 
R’000 
2010 
R’000 
             
Statement of comprehensive income            
Revenue   732 636 671 552 503 444 403 396 348 024
Operating profit before finance income 1 194 620 190 630 168 936 111 969 118 549
Adjusted operating profit 2 194 656 199 288 164 575 130 030 124 504
Net finance income   7 251 5 909 6 164 4 861 4 380
Profit before income tax   201 871 196 539 175 100 116 830 122 929
Headline earnings 3 135 203 135 187 111 795 85 759 85 067
             
Statement of financial position            
Property, plant and equipment   77 289 79 775 73 492 70 387 75 184
Cash and cash equivalents   91 966 114 824 98 804 115 966 84 628
Bank overdraft   539 1 605 1 854 2 256 3 596
             
Statement of cash flows            
Net cash flow from operating activities   45 355 61 024 59 916 56 213 12 580
             
Share statistics            
Weighted average number of shares (000’s) 3 85 633 86 090 87 124 87 777 87 865
Earnings per share (cents) 3 159.20 154.05 130.71 80.65 88.27
Headline earnings per share (cents) 3 157.89 157.03 128.32 97.70 96.82
Cash flow earnings per share (cents) 4 161.23 172.09 136.18 123.46 102.31
Operating cash flow per share (cents) 5 52.96 70.88 68.77 64.04 14.32
Net asset value per share (cents) 6 606.80 551.80 493.42 468.09 458.99
Distribution per share (cents) 7 121.00 111.00 87.00 66.00 60.00
Distribution cover (times) 8 1.3 1.4 1.5 1.5 1.6
           
Stock exchange performance            
Number of shares in issue (000’s)   97 633 97 633 97 633 97 633 97 633
Number of shares traded (000’s)   24 231 30 007 22 569 20 739 20 930
Value of shares traded (R’000)   742 544 725 956 333 353 283 628 230 533
Percentage of issued shares traded (%)   24.82% 30.73% 23.12% 21.24% 21.44%
             
Market price per share (cents)            
– close   3227 2739 1789 1385 1220
– high   3383 3250 1789 1550 1325
– low   2629 1700 1235 1175 850
Headline earnings yield (%) 9 4.89% 5.73% 7.17% 7.05% 7.94%
Distribution yield (%) 10 3.75% 4.05% 4.86% 4.77% 4.92%
Price earnings ratio   20.44 17.44 13.94 14.18 12.60
Market capitalisation (R’000)   3 150 617 2 674 168 1 746 654 1 352 217 1 191 123
             
Business performance            
Operating profit margin (%) 11 26.57 29.68 32.69 32.23 35.77
Return on equity (%) 12 26.38 29.75 25.99 21.07 20.91
Return on total assets (%) 13 18.57 20.19 18.31 15.47 15.89
Liquidity ratio 14 1.66 1.83 1.91 2.47 2.36

Notes  
1 Includes share of profit/loss of equity-accounted investee (net of income tax).
2 Operating profit (see note 1) adjusted for headline earnings adjustments and foreign exchange gain/loss.
3 Refer to note 10 to the group financial statements.
4 Operating profit before working capital changes plus net interest received/(paid) less tax paid divided by the weighted average number of shares in issue.
5 Net cash flow from operating activities divided by the weighted average number of shares in issue.
6 Net asset value divided by the number of shares in issue (net of treasury shares).
7 Interim and final distribution for the year to which it relates.
8 Headline earnings per share divided by distribution per share (see note 7).
9 Headline earnings per share divided by the closing share price.
10 Distribution per share divided by the closing share price.
11 Adjusted operating profit (see note 2) divided by revenue.
12 Profit for the year adjusted for headline earnings adjustments and foreign exchange gain/loss divided by equity.
13 Profit for the year adjusted for headline earnings adjustments and foreign exchange gain/loss divided by assets.
14 Current assets divided by current liabilities.
* Restated due to the adoption of IFRS10 – Consolidated Financial Statements (refer note 47.3 on this report). Information presented for the 2013 and 2014 financial years has been stated after taking into account the change in policy. Information relating to earlier periods is as previously reported and does not include the impact of the change in policy.