SPUR CORP. LIMITED INTEGRATED REPORT 2015

group at a glance

Five-year review

   Note  2015 
R’000 
2014 
R’000 
2013*
R’000 
2012 
R’000 
2011 
R’000 
Statement of comprehensive income                   
Revenue     760 059  732 636  671 552  503 444  403 396 
Operating profit before finance income  1  180 805  194 620  190 630  168 936  111 969 
Adjusted operating profit  2  195 440  194 656  199 288  164 575  130 030 
Net finance income     24 616  7 251  5 909  6 164  4 861 
Profit before income tax     205 421  201 871  196 539  175 100  116 830 
Headline earnings  3  141 511  135 203  135 187  111 795  85 759 
Statement of financial position                   
Property, plant and equipment     86 481  77 289  79 775  73 492  70 387 
Cash and cash equivalents     304 851  91 966  114 824  98 804  115 966 
Bank overdraft     3 557  539  1 605  1 854  2 256 
Statement of cash flows                   
Net cash flow from operating activities     28 717  45 355  61 024  59 916  56 213 
Share statistics                   
Weighted average number of shares (000’s)  3  92 636  85 633  86 090  87 124  87 777 
Earnings per share (cents)  3  137.69  159.20  154.05  130.71  80.65 
Headline earnings per share (cents)  3  152.76  157.89  157.03  128.32  97.70 
Cash flow earnings per share (cents)  4  168.34  161.23  172.09  136.18  123.46 
Operating cash flow per share (cents)  5  31.00  52.96  70.88  68.77  64.04 
Net asset value per share (cents)  6  888.57  606.80  551.80  493.42  468.09 
Distribution per share (cents)  7  132.00  121.00  111.00  87.00  66.00 
Distribution cover (times)  8  1.2  1.3  1.4  1.5  1.5 
Stock exchange performance                   
Number of shares in issue (000’s)     108 481  97 633  97 633  97 633  97 633 
Number of shares traded (000’s)     18 135  24 231  30 007  22 569  20 739 
Value of shares traded (R’000)     623 894  742 544  725 956  333 353  283 628 
Percentage of issued shares traded (%)     16.72%  24.82%  30.73%  23.12%  21.24% 
Market price per share (cents)                   
– close     3 667  3 227  2 739  1 789  1 385 
– high     4 178  3 383  3 250  1 789  1 550 
– low     2 720  2 629  1 700  1 235  1 175 
Headline earnings yield (%)  9  4.17%  4.89%  5.73%  7.17%  7.05% 
Distribution yield (%)  10  3.60%  3.75%  4.05%  4.86%  4.77% 
Price earnings ratio     24.00  20.44  17.44  13.94  14.18 
Market capitalisation (R’000)     3 977 998  3 150 617  2 674 168  1 746 654  1 352 217 
Business performance                   
Operating profit margin (%)  11  25.71  26.57  29.68  32.69  32.23 
Return on equity (%)  12  17.35  26.38  29.75  25.99  21.07 
Return on total assets (%)  13  13.39  18.57  20.19  18.31  15.47 
Liquidity ratio  14  3.30  1.66  1.83  1.91  2.47 

RESTAURANT TURNOVER
R6.2 billion
 12.1%
 
     
HEADLINE EARNINGS
R141.5 million  
 4.7%
 
     
OPERATING PROFIT BEFORE FINANCE INCOME (NOTE 1)
R180.8 million
 7.1%
 
     
RETURN ON EQUITY
 17.35%

 

 

 
     

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 of the group financial statements here.
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. Information presented for the 2013 to 2015 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.