| |
Business performance continued |
|
|
|
Compound
annual growth
since 2000
% |
|
IFRS
Year ended
30 June 2009
R’million |
|
IFRS
Year ended
30 June 2008
R’million |
|
|
IFRS
Year ended
30 June 2007
R’million |
IFRS
Year ended
30 June 2006
R’million |
IFRS
Year ended
30 June 2005
R’million |
SA GAAP
Year ended
30 June 2004
R’million |
SA GAAP
Year ended
30 June 2003
R’million |
SA GAAP
Year ended
30 June 2002
R’million |
SA GAAP
Year ended
30 June 2001
R’million |
SA GAAP
Year ended
30 June 2000
R’million |
|
| |
Profitability continued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Operating profit margin |
| Operating profit from continuing operations |
| Revenue from continuing operations |
|
|
% |
|
|
25,8 |
|
25,5 |
|
|
26,7 |
25,9 |
26,2 |
25,2 |
23,7 |
24,3 |
25,8 |
23,6 |
|
| |
South African profit margin |
Operating profit for South Africa from
continuing operations |
Revenue for South Africa from continuing
operations |
|
|
% |
|
|
25,2 |
|
28,4 |
|
|
30,0 |
28,7 |
29,8 |
29,0 |
23,7 |
24,3 |
25,8 |
23,6 |
|
| |
International operating profit margin |
Operating profit for international
from
continuing
operations |
Revenue for international from continuing
operations |
|
|
% |
|
|
30,0 |
|
20,9 |
|
|
12,6 |
13,0 |
11,8 |
9,6 |
– |
– |
– |
– |
|
| |
Effective tax rate |
Tax from continuing operations
|
| Profit before tax from continuing operations |
|
|
% |
|
|
21,2 |
|
28,3 |
|
|
28,9 |
25,3 |
30,7 |
32,7 |
29,6 |
33,0 |
27,9 |
22,1 |
|
| |
Liquidity – measures the Group’s ability to meet its maturing
obligations and unexpected cash needs in the short-term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Current ratio |
| Current assets |
| Current liabilities |
|
|
|
|
|
1,3 |
|
1,19 |
|
|
1,1 |
1,1 |
0,9 |
1,5 |
1,4 |
1,3 |
1,0 |
1,2 |
|
| |
Quick ratio |
| Current assets – Inventories |
| Current liabilities |
|
|
|
|
|
1,0 |
|
0,8 |
|
|
0,9 |
0,7 |
0,7 |
1,2 |
1,0 |
0,8 |
0,7 |
0,8 |
|
| |
Cash ratio |
| Cash and cash equivalents |
| Current liabilities – bank overdrafts |
|
|
% |
|
|
48,8 |
|
22,1 |
|
|
185,5 |
39,3 |
30,0 |
60,1 |
33,0 |
29,1 |
23,3 |
32,5 |
|
| |
Working capital as a % of revenue |
Inventories + trade and other receivables –
trade and other payables |
| Revenue from continuing operations |
|
|
% |
|
|
26,5 |
|
36,810 |
|
|
28,8 |
23,6 |
13,1 |
14,4 |
15,3 |
15,6 |
8,0 |
6,4 |
|
| |
Debt indicators – measures the Group’s ability to meet capital
and interest payments over the long term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Total debt (net of cash) |
Total debt (net of cash)
Total borrowings + deferred payables +
preference shares (liability component) – cash and cash equivalents |
|
|
|
|
4 431,6 |
|
2 011,0 |
|
|
967,6 |
1 032,2 |
863,2 |
75,6 |
243,1 |
185,4 |
321,3 |
262,6 |
|
| |
Gearing ratio |
| Total debt (net of cash) |
| Total shareholders equity |
|
|
|
|
|
1,0 |
|
0,6 |
|
|
0,4 |
0,6 |
0,7 |
0,1 |
0,3 |
0,3 |
0,9 |
1,1 |
|
| |
Total debt operating profit before amortisation |
| Total debt (net of cash) |
Operating profit before amortisation from
continuing operations |
|
|
times |
|
|
1,9 |
|
1,5 |
|
|
0,8 |
1,1 |
1,0 |
0,1 |
0,5 |
0,5 |
1,1 |
1,2 |
|
| |
Net interest cover |
Operating profit before amortisation
of
intangible assets from continuing operations |
Interest paid from continuing o
perations –
interest received from continuing operations |
|
|
times |
|
|
6,0 |
|
14,0 |
|
|
18,8 |
21,6 |
21,0 |
65,1 |
18,2 |
9,3 |
6,2 |
2,7 |
|
| |
Percentage debt ratio |
| Total debt (net of cash) |
Total shareholders equity + total debt
(net of cash) – minority interests |
|
|
% |
|
|
51,4 |
|
39,6 |
|
|
28,9 |
37,6 |
43,6 |
6,6 |
23,6 |
23,6 |
48,9 |
52,7 |
|
| Comparative figures have been restated to conform with changes in presentation. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
