Unaudited Unaudited Audited
    30 June 30 June 31 December
  Change 2011 2010 2010
  % R000 R000 R000
Revenue 19 17 776 495 14 883 863 30 202 885
Trading profit (14) 589 100 685 582 1 304 135
Depreciation and amortisation   (182 498) (157 946) (340 472)
Operating profit before interest and taxation (23) 406 602 527 636 963 663
Non-trading items   23 577 738 12 421
Interest received   72 797 93 032 135 204
Interest paid   (121 823) (86 944) (196 675)
Profit before share of associates’ profit   381 153 534 462 914 613
Share of associate companies’ profit before taxation   27 750 36 699 84 304
Profit before taxation   408 903 571 161 998 917
Taxation   (95 415) (97 081) (153 842)
Profit for the period   313 488 474 080 845 075
Attributable to      
Ordinary shareholders (36) 277 353 435 493 780 252
Preference shareholders   26 413 30 017 58 594
Owners of the parent 303 766 465 510 838 846
Non-controlling interests   9 722 8 570 6 229
    313 488 474 080 845 075
Exchange rates (R/US$)        
Opening exchange rate 6,62 7,37 7,37
Closing exchange rate 6,76 7,65 6,62
Average exchange rate   6,91 7,54 7,34
RECONCILIATION OF HEADLINE EARNINGS      
Profit attributable to ordinary shareholders   277 353 435 493 780 252
Adjusted for:   (23 577) (2 145) (18 375)
IAS 38 – Impairment of goodwill   10 044 35 960
IAS 38 – Reversal of impairment of intangible asset in respect of charters   (746) (1 452)
IFRS 3 – Negative goodwill realised   (473) (473)
IAS 16 – Impairment/(reversal of impairment) of ships, plant and equipment 331 760 (19 989)
IFRS 3 – Net profit on disposal of investments   (22 775) (9 936) (11 327)
IAS 16 – Net profit on disposal of plant and equipment (1 133) (680) (1 489)
IAS 21 – FCTR adjustment on disposal of investment 292 (16 856)
Total taxation effects of adjustments   (1 406) (2 749)
           
Headline earnings   253 776 433 348 761 877
ORDINARY SHARE PERFORMANCE        
Number of shares in issue less treasury shares (000’s)   455 953 454 503 455 803
Weighted average number of shares on which earnings per share are based (000’s) 455 930 454 469 454 591
Diluted weighted average number of shares on which diluted earnings per share are based (000’s)   457 055 456 450 455 912
Earnings per share (cents)        
Basic   (37) 60,8 95,8 171,6
Diluted   (36) 60,7 95,4 171,1
Headline earnings per share (cents)        
Basic   (42) 55,7 95,4 167,6
Diluted   (42) 55,5 94,9 167,1
Dividends per share (cents) (36) 17,5 27,0 54,0
Interim     17,5 27,0 27,0
Final     27,0
Dividend cover (times)   3,5 3,5 3,2