Financial statements - Mondi

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Notes to the combined and consolidated financial statements continued for the year ended 31 December 2010 9 Earnings per share E cents per share 2010 2009 Profit/(loss) for the financial year attributable to equity holders of the parent companies Basic EPS 44.1 (6.5) Diluted EPS 43.6 (6.5) 3 Underlying earnings for the financial year 1 Basic EPS 47.0 18.7 Diluted EPS 46.5 18.2 Headline earnings for the financial year 2 Basic EPS 47.0 11.4 Diluted EPS 46.5 11.1 Notes: 1 Underlying EPS excludes the impact of special items. 2 The presentation of Headline EPS is mandated under the JSE Listings Requirements. Headline earnings has been calculated in accordance with Circular 3/2009, ‘Headline Earnings’, as issued by the South African Institute of Chartered Accountants. 3 Diluted EPS is consistent with Basic EPS as the impact of potential ordinary shares is anti-dilutive. The calculation of basic and diluted EPS, basic and diluted underlying EPS, and basic and diluted headline EPS is based on the following data: Earnings E million 2010 2009 Profit/(loss) for the financial year attributable to equity holders of the parent companies 224 (33) Special items (see note 5) 22 133 Related tax (see note 5) (6) (6) Related non-controlling interests (see note 5) (1) 1 Underlying earnings for the financial year 239 95 Profit on disposal of tangible and intangible assets (see note 3) (1) (4) Special items: demerger arrangements (see note 5) – (3) Special items: restructuring and closure costs (see note 5) (7) (43) Impairments not included in special items (see note 12) 6 10 Related tax 2 3 Headline earnings for the financial year 239 58 Number of shares million 2010 2009 Basic number of ordinary shares outstanding 1 508 508 Effect of dilutive potential ordinary shares 2 6 13 Diluted number of ordinary shares outstanding 514 521 Notes: 1 The basic number of ordinary shares outstanding represents the weighted average number in issue for Mondi Limited and Mondi plc for the year, as adjusted for the weighted average number of treasury shares held during the year. 2 Diluted EPS is calculated by adjusting the weighted average number of ordinary shares in issue, net of treasury shares, on the assumption of conversion of all potentially dilutive ordinary shares. 104 Annual report and accounts 2010
10 Dividends Dividends paid to the equity holders of Mondi Limited and Mondi plc are presented on a combined basis. E million 2010 2009 Interim dividend paid 18 13 Final dividend paid (in respect of prior year) 36 26 Final dividend proposed for year ended 31 December 1 84 36 Paid to non-controlling interests 18 9 Note: 1 The dividend proposed is subject to approval by shareholders at the annual general meetings of Mondi Limited and Mondi plc scheduled for 5 May 2011 and therefore has not been included as a liability in the Group’s combined and consolidated statement of financial position. E cents per share 2010 2009 Interim dividend paid 3.5 2.5 Final dividend paid (in respect of prior year) 7.0 5.0 Final dividend proposed for the year ended 31 December 16.5 7.0 11 Intangible assets Licences and 2010/E million Goodwill 1 other intangibles 2 Total Cost At 1 January 558 109 667 Additions – 4 4 Disposal of assets – (8) (8) Disposal of businesses (see note 30) (1) (2) (3) Reclassification (9) 44 35 Currency movements 11 6 17 At 31 December 559 153 712 Accumulated amortisation and impairment At 1 January 289 70 359 Charge for the year – 13 13 Impairments – 1 1 Disposal of assets – (6) (6) Disposal of businesses (see note 30) – (2) (2) Reclassification (9) 35 26 Currency movements 5 4 9 At 31 December 285 115 400 Net book value as at 31 December 274 38 312 Mondi Group 105 Financial statements
Page 1 and 2: Contents Financial statements and s
Page 3 and 4: Independent auditors’ report to t
Page 5 and 6: Matters on which we are required to
Page 7 and 8: Combined and consolidated statement
Page 9 and 10: Combined and consolidated statement
Page 11 and 12: Notes to the combined and consolida
Page 13 and 14: 1 Accounting policies (continued) I
Page 15 and 16: 1 Accounting policies (continued) D
Page 17 and 18: 1 Accounting policies (continued) T
Page 19 and 20: 1 Accounting policies (continued) E
Page 21 and 22: 1 Accounting policies (continued) S
Page 23 and 24: 2 Operating segments (continued) Me
Page 25 and 26: 2 Operating segments (continued) Ex
Page 27 and 28: 2 Operating segments (continued) Op
Page 29 and 30: 2 Operating segments (continued) Ad
Page 31 and 32: 4 Employee numbers and costs (conti
Page 33 and 34: 5 Special items (continued) Year en
Page 35: 8 Tax charge (a) Analysis of charge
Page 39 and 40: 11 Intangible assets (continued) Th
Page 41 and 42: 13 Forestry assets E million 2010 2
Page 43 and 44: 16 Financial asset investments (con
Page 45 and 46: 19 Trade and other payables E milli
Page 47 and 48: 20 Borrowings (continued) Non-inter
Page 49 and 50: 21 Derivative financial instruments
Page 51 and 52: 23 Deferred tax (continued) Deferre
Page 53 and 54: 24 Retirement benefits (continued)
Page 59 and 60: 27 Share capital and share premium
Page 61 and 62: 28 Share-based payments (continued)
Page 63 and 64: 29 Business combinations (continued
Page 65 and 66: 31 Disposal groups and assets held
Page 67 and 68: 33 Capital commitments E million 20
Page 69 and 70: 37 Financial risk management (conti
Page 77 and 78: 38 Related party transactions (cont
Page 79 and 80: Mondi plc parent company balance sh
Page 81 and 82: 1 Accounting policies (continued) B
Page 83 and 84: 8 Reconciliation of shareholders’
Page 85 and 86: Mondi Limited parent company statem
Page 87 and 88:
3 Investment in joint venture R mil
Page 89 and 90:
Group financial record Financial pe
Page 91:
Production statistics Production st
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Financial statements - Mondi

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