Basil Read  
ANNUAL REPORT 2009
Milestones in time
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Consolidated income statement  
for the year ended 31 December 2009  
   
  Notes     2009  
R'000  
  2008  
R'000  
 
Revenue       4 662 492     3 474 831    
Contracting revenue       4 421 007     3 205 224    
Other revenue – development fees       68 084     77 406    
Other revenue – construction materials and services       173 401     192 201    
Contracting and other costs       (3 949 241)    (2 939 421)   
Gross profit       713 251     535 410    
Admin and operating overheads       (303 923)    (225 176)   
Other income   7          12    
Other gains/(losses) – net   8     (448)    (1 856)   
Loss on sale of subsidiaries   43     (130)    –    
Operating profit   9     408 750     308 390    
Interest received   10     65 269     27 774    
Foreign exchange   10     (9 949)    6 881    
Interest paid   10     (52 301)    (46 969)   
Profit before share of profit from associates       411 769     296 076    
Share of profit from associates   17     10     85    
Profit before taxation       411 779     296 161    
Taxation   11     (140 869)    (90 319)   
Net profit for the year       270 910     205 842    
             
Net profit for the year attributable to the following:              
Equity shareholders of the company       274 270     204 516    
Minority interests       (3 360)    1 326    
Net profit for the year       270 910     205 842    
             
Earnings per share (cents)   12     317,15     265,44    
Diluted earnings per share (cents)   12     316,49     262,12    
Dividend paid per share (cents)   13     58,00     50,00    
Dividend declared per share (cents)*   13     42,00     58,00    
* Based on the year to which the dividend relates.              
 
   
 
 
 
       
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