31 December  31 December
  Audited Audited
Change 2010 2009
  % R000 R000
Revenue 9 30 202 885 27 692 041
Trading profit (9) 1 304 135
1 434 922
Depreciation and amortisation   (340 472) (292 400)
Operating profit before interest and taxation (16) 963 663 1 142 522
Non - trading items   12 421 13 881
Interest received   135 204 161 328
Interest paid   (196 675) (252 695)
Profit before share of associates' profit   914 613 1 065 036
Share of associate companies' profit before taxation   84 304 76 465
Profit before taxation   998 917 141 501
Taxation   (153 842) (188 075)
Profit for the year   845 075 953 426
Attributable to
   
   Ordinary shareholders (11) 780 252 872 763
   Preference shareholders   58 594 69 023
   Owners of the parent   838 846 941 786
   Non - controlling interests   6 229 11 640
    845 075 953 426
Exchange rates (R/US$)    
   Opening exchange rate   7,37 9,45
   Closing exchange rate   6,62 7,37
   Average exchange rate   7,34 8,46

 

  31 December December 31
  Audited Audited
  Change 2010 2009
    % R000 R000
RECONCILIATION OF HEADLINE EARNINGS
Profit attributable to ordinary shareholders 780 252 872 763
Adjusted for: (18 375) (15 445)
   IAS 38 – Impairment of goodwill 35 960 990
   IAS 38 – Reversal of impairment of intangible asset    
                  in respect of charters     (1 452) (46 886)
   IFRS 3 – Negative goodwill realised (473) (156)
   IAS 16 – (Reversal of impairment)/impairment of    
                  ships, property, plant and equiptment (19 989) 36 731
   IFRS 3 – Net profit on disposal of investments (11 327) (2 081)
   IAS 16 – Net profit on sale of plant and equiptment (1 489) (1 674)
   IAS 21 – FCTR adjustment on disposal of investment (16 856) (805)
   Total taxation effects on adjustments (2 749) (1 564)
         
Headline earnings     761 877 857 318
 
ORDINARY SHARE PERFORMANCE
Number of shares in issue less treasury shares (000's) 455 803 454 203
Weighed average number of shares in which
   earnings per share are based (000's) 454 591 452 278
Diluted weighted average number of shares on
   which diluted earnings per share are based (000's) 455 912 454 436
Earnings per share (cents)
   Basic (11) 171,6 193,0
   Diluted (11) 171,1 192,1
Headline earnings per share (cents)
   Basic (12) 167,6 189,6
   Diluted (11) 167,1 188,7
Dividends per share (cents) (10) 54,0 60,0
   Interim 27,0 30,0
   Final 27,0 30,0
Dividend cover (times)   3,2 3,2