4.0 - Imperial

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Notes to the group annual financial statements continued... for the year ended 30 June 2009 2009 2008 % % 32. Income tax expense (continued) Reconciliation of tax rates: Profit before taxation, excluding income from associates and joint ventures – effective rate 32,1 38,5 Income tax effect of: – Foreign tax differential 0,5 (0,7) – Taxation assets not recognised (2,3) (1,1) – Disallowable charges/capital losses (11,9) (11,2) – Exempt/capital income 8,5 6,3 – Secondary tax on companies (5,1) (0,9) – Capital gains (0,4) (1,9) – Tax rate adjustment 0,6 – Prior year over(under)provision 6,6 (1,6) 28,0 28,0 33. Dividends and other distributions Ordinary shares Interim – In the current year a dividend of 80 cents per share was paid on 30 March 2009 150 – In the prior year no dividend was declared 2009 2008 Final – An ordinary dividend of 120 cents per share is payable on 28 September 2009 226 – In the prior year an ordinary dividend of 245 cents per share was paid on 29 September 2008. 461 Preferred ordinary shares Interim – In the current year a dividend of 267,5 cents per share was made on 27 March 2009 39 – In the prior year, instead of an ordinary dividend, a capital distribution of 267,5 cents per share was made on 27 March 2008 39 Final – An ordinary dividend of 267,5 cents per share is payable on 25 September 2009 39 – In the prior year, an ordinary dividend of 267,5 cents per share was paid on 26 September 2008 39 Secondary tax on companies (STC) is payable at a rate of 10% upon payment of the dividends, less any STC credits available. Rm Rm 106 Imperial holdings limited Annual Report 2009
34. Earnings per share Ordinary shares Basic earnings per share are calculated by dividing the profit attributable to ordinary shareholders of Imperial Holdings by the weighted average number of ordinary shares in issue during the year. Financial Statements Discontinued Continuing operations Total Rm Rm Rm 30 June 2009 Net profit attributable to equity holders of Imperial Holdings 1 011 507 1 518 Attributable to preferred ordinary shareholders 78 78 Attributable to ordinary shareholders 933 507 1 440 Weighted average number of ordinary shares (million) 185,5 185,5 185,5 Basic earnings per share (cents) 503 273 776 For diluted attributable earnings per share, the weighted average number of ordinary shares in issue is adjusted by deferred and preferred ordinary shares. Weighted average number of ordinary shares (million) 185,5 185,5 185,5 Adjusted for deferred and preferred ordinary shares (million) 22,5 22,5 22,5 Weighted average number of ordinary shares for diluted earnings (million) 208,0 208,0 208,0 Diluted earnings per share (cents) 486 244 730 Headline earnings and diluted headline earnings per share is calculated as follows: Net profit attributable to ordinary shareholders 933 507 1 440 Impairment reversal of assets (8) (8) Profit on disposal of property, plant and equipment (86) 15 (71) Exceptional items 431 (571) (140) Exceptional items included in income from associates and joint ventures 4 4 Taxation 21 83 104 – Exceptional items 87 87 – Profit on disposal of property, plant and equipment 19 (4) 15 – Impairment reversal of assets 2 2 Minorities’ share (profit on disposal of property, plant and equipment) (1) (1) (2) Headline earnings 1 294 33 1 327 Add back earnings attributable to preferred ordinary shareholders 78 78 Diluted headline earnings 1 372 33 1 405 Weighted average number of ordinary shares (million) 185,5 185,5 185,5 Headline basic earnings per share (cents) 698 17 715 Weighted average number of ordinary shares for diluted earnings (million) 208,0 208,0 208,0 Headline diluted earnings per share (cents) 660 15 675 Preferred ordinary shares Fixed amount attributable to preferred ordinary shares (cents) 535 535 535 Imperial holdings limited Annual Report 2009 107
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company Overview Chairman’s repor
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our past Our strengths in the marke
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PROFILE Imperial is a diversified m
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for more information please visit w
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Directors and executive committee 2
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Chairman’S report paying dividend
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Chief exeCutive offiCer’S report
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Chief exeCutive offiCer’S report
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16 16 imperial Imperial holdings li
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Divisional review > logistics conti
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Divisional review > Car rental and
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Divisional review > distributorship
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Divisional review > vehicle dealers
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Divisional review > insurance By me
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financial director’s report Stron
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financial director’s report conti
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10-year review profit before tax an
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10-year review continued... Headlin
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shareholders’ information Distrib
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declaration of dividends Preference
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Corporate governanCE report continu
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Directors’ responsibility for fin
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DIrectors’ report for the year en
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emuneration report Role of the remu
Page 58 and 59: emuneration report continued... Dir
Page 60 and 61: emuneration report continued... Loa
Page 62 and 63: group balance sheet at 30 June 2009
Page 64 and 65: Group statement of changes in equit
Page 66 and 67: segment information - balance sheet
Page 68 and 69: segment information - income statem
Page 70 and 71: Notes to the group annual financial
Page 124 and 125: company balance sheet at 30 June 20
Page 126 and 127: company statement of changes IN equ
Page 128 and 129: Notes to the company annual financi
Page 130 and 131: Notes to the company annual financi
Page 132 and 133: ANNEXURE A Interest in Principal Su
Page 134 and 135: ANNEXURE B Interest in principal as
Page 136 and 137: ANNEXURE C additional information o
Page 144 and 145: ANNEXURE D ANALYSIS of the group’
Page 146 and 147: ANNEXURE E summary of employment eq
Page 148 and 149: notice of annual general meeting co
Page 150 and 151: notice of annual general meeting co
Page 152 and 153: corporate information Directors Non
Page 154: NOTES to the form of proXY Notes 1.
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4.0 - Imperial

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