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INTEGRATED REPORT 2018

FIVE-YEAR REVIEW

  Note 2018
R’000
2017
R’000
2016
R’000
2015
R’000
2014
R’000
             
Statement of profit or loss and comprehensive income            
Revenue   667 192 648 016 737 371 760 059 732 636
Operating profit before finance income 1 200 079 178 253 183 094 180 805 194 620
Adjusted operating profit 2 195 574 180 587 218 900 195 440 194 656
Net finance income   31 289 36 522 35 626 24 616 7 251
Profit before income tax  1 231 368 214 775 218 720 205 421 201 871
Headline earnings 3 153 656 133 863 163 977 141 511 135 203
             
Statement of financial position            
Property, plant and equipment   101 094 100 319 95 480 86 481 77 289
Cash and cash equivalents   259 895 265 953 286 582 304 851 91 966
Bank overdraft   4 491 1 155 3 557 539
             
Statement of cash flows            
Net cash flow from operating activities   34 868 32 719 32 619 28 717 43 355
             
Share statistics            
Weighted average number of shares (’000s) 3 95 580 95 828 95 955 92 636 85 633
Earnings per share (cents) 3 165.85 139.98 141.34 137.69 159.20
Headline earnings per share (cents) 3 160.76 139.69 170.89 152.76 157.89
Cash flow earnings per share (cents) 4 195.31 183.71 180.80 168.34 161.23
Operating cash flow per share (cents) 5 36.48 34.14 33.99 31.00 52.96
Net asset value per share (cents) 6 919.24 875.08 902.25 888.57 606.80
Dividend per share (cents) 7 123 132 140 132 121
Dividend cover (times) 8 1.3 1.1 1.2 1.2 1.3
             
Stock exchange performance            
Number of shares in issue (’000s)   108 481 108 481 108 481 108 481 97 633
Number of shares traded (’000s)   16 127 20 177 12 363 18 135 24 231
Value of shares traded (R’000)   447 039 645 942 403 723 623 894 742 544
Percentage of issued shares traded (%)   14.87 18.60 11.40 16.72 24.82
Market price per share (cents)            
– close   2 576 2 810 3 090 3 667 3 227
– high   3 100 3 508 3 825 4 178 3 383
– low   2 500 2 800 2 750 2 720 2 629
Headline earnings yield (%) 9 6.24 4.97 5.53 4.17 4.89
Dividend yield (%) 10 4.77 4.70 4.53 3.60 3.75
Price earnings ratio   16.02 20.12 18.08 24.00 20.44
Market capitalisation (R’000)   2 794 471 3 048 316 3 352 063 3 977 998 3 150 617
             
Business performance            
Operating profit margin (%) 11 29.31 27.87 29.69 25.71 26.57
Return on equity (%) 12 18.08 16.60 19.73 17.35 26.38
Return on total assets (%) 13 15.41 14.02 16.00 13.39 18.57
Liquidity ratio 14 4.89 4.56 3.78 3.30 1.66

Notes

1. Includes share of profit/loss of equity-accounted investee (net of income tax), and profit from discontinued operation.
2. Operating profit (see note 1) adjusted for headline earnings adjustments and foreign exchange gain/loss.
3. Refer to note 12 of the consolidated 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 dividend for the financial year to which it relates.
8. Headline earnings per share divided by dividend per share (see note 7).
9. Headline earnings per share divided by the closing share price.
10. Dividend 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.