31 December 31 December
    Audited Audited
  Change 2011 2010*
  % R000 R000
Revenue 22 35 885 258 29 390 576
Earnings before interest, taxation, depreciation and amortisation (15) 1 005 537 1 182 649
Depreciation and amortisation   (362 979) (295 314)
Operating profit before interest and taxation (28) 642 558 887 335
Non-trading items   60 152 13 448
Interest received   169 709 128 042
Interest paid   (218 647) (179 038)
Profit before share of associate and joint venture companies’ profit   653 772 849 787
Share of associate companies’ pro t after taxation   4 291 39 908
Share of joint venture companies’ pro t after taxation   114 024 69 569
Profit before taxation (20) 772 087 959 264
Taxation (54) (175 363) (114 189)
Profit for the year   596 724 845 075
Attributable to      
  Ordinary shareholders (32) 530 905 780 252
  Preference shareholders   53 271 58 594
  Owners of the parent   584 176 838 846
  Non-controlling interests   12 548 6 229
    596 724 845 075
Exchange rates (R/US$)      
  Opening exchange rate   6,62 7,37
  Closing exchange rate   8,11 6,62
  Average exchange rate   7,27 7,34
Reconciliation of headline earnings        
Profit attributable to ordinary shareholders     530 905 780 252
Adjusted for:     (54 543) (17 951)
  IAS 38 Impairment of Goodwill     9 168 39 165
  IAS 38 Reversal of Impairment of Intangible Asset in respect of Charters     (2 903)
  IAS 38 Impairment of Other Investment     5 849
  IAS 16 Reversal of Impairment of Ships, Plant and Equipment     (18 067) (19 989)
  IFRS 3 Net Profit on Disposal of Investments     (48 180) (11 104)
  IAS 16 Net Profit on Sale of Plant and Equipment     (8 922) (1 761)
  IAS 21 FCTR Adjustment on Disposal of Investment     (16 856)
Total taxation effects of adjustments     5 609 (4 503)
         
Headline earnings     476 362 762 301
Ordinary share performance        
Number of shares in issue less treasury shares (000’s)   589 536 455 803
Weighted average number of shares on which earnings per share are based (000’s)   478 234 454 591
Diluted weighted average number of shares on which diluted earnings per share are based (000’s)   479 192 455 912
Earnings per share (cents)      
  Basic   (35) 111,0 171,6
  Diluted   (35) 110,8 171,1
Headline earnings per share (cents)      
  Basic   (41) 99,6 167,7
  Diluted   (41) 99,4 167,2
Dividends per share (cents) (46) 29,5 54,0
  Interim     17,5 27,0
  Final     12,0 27,0
Dividend cover (times)   3,8 3,2
* Restated due to the early adoption of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, IAS 27 (as revised in 2011) Separate Financial Statements, IAS 28 (as revised in 2011) Investments in Associates and Joint Ventures and IFRS 12 Disclosure of Interests in Other Entities.