AUDITED CONDENSED CONSOLIDATED FINANCIAL ... - AFGRI
AUDITED CONDENSED CONSOLIDATED FINANCIAL ... - AFGRI
AUDITED CONDENSED CONSOLIDATED FINANCIAL ... - AFGRI
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Group income statements (R’millions)<br />
Note<br />
Year ended<br />
30 June<br />
Audited<br />
2012<br />
Year ended<br />
30 June<br />
Audited<br />
2011<br />
Continuing operations<br />
Sales of goods and services 7 417 5 372<br />
Interest on trade receivables 195 292<br />
Total sales 7 612 5 664<br />
Cost of sales (5 611) (3 832)<br />
Gross profit 2 001 1 832<br />
Other operating income 14 27<br />
Selling and administration expenses* (1 436) (1 242)<br />
Operating profit 579 617<br />
Interest income* 3.2 23 21<br />
Finance costs 3.1 (350) (372)<br />
Share of profit of associates 6 1<br />
Profit before income tax 258 267<br />
Income tax expenses (76) (64)<br />
Profit for the year from continuing operations 182 203<br />
Discontinued operations<br />
Profit/(Loss) for the year from discontinued operations 9 14 (12)<br />
Profit for the year 196 191<br />
Profit for the year attributable to:<br />
Equity holders of the Company 195 190<br />
Non-controlling interest – Other non-controlling interest 1 1<br />
Profit for the year 196 191<br />
Number of shares in issue (‘m) 375,5 375,5<br />
Weighted average number of shares in issue (‘m) 333,6 328,5<br />
Diluted weighted average number of shares in issue (‘m) 357,0 356,5<br />
Earnings per share from continuing operations (cents) 55,3 60,6<br />
Earnings/(Losses) per share from discontinued operations (cents) 3,0 (2,6)<br />
Earnings per share from all operations (cents) 58,3 58,0<br />
Diluted earnings per share from continuing operations (cents) 51,6 55,8<br />
Diluted earnings/(losses) per share from discontinued operations (cents) 2,8 (2,4)<br />
Diluted earnings per share from all operations (cents) 54,4 53,4<br />
* Prior year information has been reclassified. Refer to note 11.<br />
Group statement of comprehensive income (R’millions)<br />
Year ended<br />
30 June<br />
Audited<br />
2012<br />
Year ended<br />
30 June<br />
Audited<br />
2011<br />
Profit for the year 196 191<br />
Other comprehensive income<br />
Exchange differences on translating foreign operations 40 8<br />
Cash flow hedges (4) 7<br />
Other comprehensive income for the year, net of tax 36 15<br />
Total comprehensive income for the year 232 206<br />
Total comprehensive income attributable to:<br />
Equity holders of the Company 231 205<br />
Non-controlling interest – Other non-controlling interest 1 1<br />
232 206<br />
page 9<br />
Audited condensed consolidated financial results for the year ended 30 June 2012 and cash dividend declaration
Change language