ATTRIBUTABLE CASH FLOW PER ORDINARY SHARE
Cash flow from operating activities after adjusting for minority participation therein divided by the weighted average number of ordinary shares in issue during the year.
CAPITAL EMPLOYED
Total equity plus net debt minus non-current financial asset.
CASH AND CASH EQUIVALENTS
Comprises cash on hand and current accounts in bank, net of bank overdrafts, together with any highly liquid investments readily convertible to known amounts of cash and not subject to significant risk of changes in value.
CURRENT RATIO
Current assets divided by current liabilities.
DIVIDEND COVER
Attributable earnings per ordinary share divided by dividends per ordinary share.
DIVIDEND YIELD
Dividends per ordinary share divided by the closing share price on the JSE Limited.
EARNINGS PER ORDINARY SHARE
– ATTRIBUTABLE EARNINGS BASIS
Earnings attributable to owners of the parent divided by the weighted average number of ordinary shares in issue during the year.
– HEADLINE EARNINGS BASIS
Earnings attributable to owners of the parent adjusted for profits and losses on items of a capital nature recognising the tax and minority impacts on these adjustments, divided by the weighted average number of ordinary shares in issue during the year.
FINANCING COST COVER
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EBIT – net operating profit (before interest and tax) divided by net financing costs |
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EBITDA – net operating profit (before interest, tax, depreciation, amortisation, impairment charges and net deficit/surplus on sale of investments and assets) divided by net
financing costs. |
HEADLINE EARNINGS YIELD
Headline earnings per ordinary share divided by the closing share price on the JSE Limited.
INVESTED CAPITAL
Total equity, interest-bearing debt, non-current provisions and net deferred tax less cash and cash equivalents.
NET ASSETS
Total assets less current and non-current liabilities less minority interest which equates to equity attributable to owners of the parent.
NET DEBT TO EQUITY RATIO
Interest-bearing debt less cash and cash equivalents as percentage of total equity.
NET EQUITY PER ORDINARY SHARE
Equity attributable to owners of the parent divided by the number of ordinary shares in issue at the year-end.
NUMBER OF YEARS TO REPAY INTEREST-BEARING DEBT
Interest-bearing debt divided by cash flow from operating activities before dividends paid.
OPERATING MARGIN
Net operating profit as a percentage of revenue.
OPERATING PROFIT PER EMPLOYEE
Net operating profit divided by the average number of employees during the year.
RETURN ON CAPITAL EMPLOYED
Net operating profit plus income from non-equity accounted investments plus income from investments in associates as a percentage of average capital employed.
RETURN ON ORDINARY SHAREHOLDERS’ EQUITY
– ATTRIBUTABLE EARNINGS
Attributable earnings attributable to owners of the parent as a percentage of average equity attributable to owners of the parent.
– HEADLINE EARNINGS
Headline earnings attributable to owners of the parent as a
percentage of average equity attributable to owners of the
parent.
RETURN ON INVESTED CAPITAL
Net operating profit plus income from non-equity accounted
investments plus income from investments in associates as
a percentage of the average invested capital.
RETURN ON NET ASSETS
Net operating profit plus income from non-equity-accounted
investments plus income from investments in associates as
a percentage of the average net assets.
REVENUE PER EMPLOYEE
Revenue divided by the average number of employees
during the year.
TOTAL ASSET TURNOVER
Revenue divided by average total assets.
WEIGHTED AVERAGE NUMBER OF SHARES IN ISSUE
The number of shares in issue at the beginning of the year,
increased by shares issued during the year, weighted on a
time basis for the period in which they have participated in
the income of the group.
In the case of shares issued pursuant to a share capitalisation
award in lieu of dividends, the participation of such shares is
deemed to be from the date of issue. |
