summarised audited consolidated financial statements - Altron

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Altron Summarised Audited Consolidated Financial Statements for the year ended 28 February 2013 SUPPLEMENTARY INFORMATION 32 2013 2012 R millions (Audited) (Audited) Borrowings 1 963 1 391 – interest bearing 1 917 1 076 – non-interest bearing – 244 – B-BBEE funding obligation 46 71 Depreciation 353 396 Amortisation 160 166 Net foreign exchange (gains)/losses (18) 21 Capital expenditure (including intangibles) 675 687 Additions to contract fulfilment costs 430 137 Capital commitments 126 161 Lease commitments 953 797 Payable within the next 12 months: 232 189 – property 208 169 – plant, equipment and vehicles 24 20 Payable thereafter: 721 608 – property 697 580 – plant, equipment and vehicles 24 28 Unlisted investments (including associates) – Carrying amount 753 307 – Directors’ valuation 757 307 Weighted average number of shares (millions) 316 316 – Ordinary shares 102 102 – Participating preference shares 214 214 Diluted average number of shares (millions) 319 318 Shares in issue at the end of the year (millions) 317 316 – ordinary shares 102 102 – participating preference shares 215 214 Ratios EBITDA margin (%) 6,3 8,3 ROCE (%) 14,8 19,2 ROE (%) 9,4 11,6 ROA (%) 10,3 13,2 RONA (%) 14,9 19,1 Borrowings ratio (%) 37,6 24,0% Current ratio 1,2:1 1,4:1 Acid test ratio 0,8:1 0,9:1 Definitions: Contract fulfilment costs Contract fulfilment costs include hardware, fitment, commissions and other costs directly attributable to the negotiation and conclusion of customer service contracts. These costs are expensed over the expected period of the customer service contract.
Altron Summarised Audited Consolidated Financial Statements for the year ended 28 February 2013 SUMMARISED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Attributable to Altron equity holders Share capital Nonand Treasury Retained controlling Total R millions premium shares Reserves earnings Total interests equity Balance at 28 February 2011 (Audited) 2 241 (299) (1 192) 4 325 5 075 1 239 6 314 Total comprehensive income for the year Profit for the year – – – 174 174 (253) (79) Other comprehensive income Foreign currency translation differences in respect of foreign operations – – 54 – 54 41 95 Total other comprehensive income – – 54 – 54 41 95 Total comprehensive income for the year – – 54 174 228 (212) 16 Transactions with owners, recorded directly in equity Contributions by and distributions to owners Dividends to equity holders – – – (341) (341) (190) (531) Issue of share capital 3 – – – 3 – 3 Share-based payment transactions – – 27 – 27 6 33 Total contributions by and distributions to owners 3 – 27 (341) (311) (184) (495) Changes in ownership interests in subsidiaries Buy back of non-controlling interests – – 11 – 11 (30) (19) Disposal of subsidiary – – – – – (3) (3) Total changes in ownership interests in subsidiaries – – 11 – 11 (33) (22) Total transactions with owners 3 – 38 (341) (300) (217) (517) Balance at 29 February 2012 (Audited) 2 244 (299) (1 100) 4 158 5 003 810 5 813 Total comprehensive income for the year Loss for the year – – – (298) (298) (631) (929) Other comprehensive income Foreign currency translation differences in respect of foreign operations – – 192 – 192 118 310 Realisation of negative foreign currency translation reserve on disposal – – 120 – 120 76 196 Fair value adjustment on available-for-sale investments – – (3) – (3) (2) (5) Total other comprehensive income – – 309 – 309 192 501 Total comprehensive income for the year – – 309 (298) 11 (439) (428) Transactions with owners, recorded directly in equity Contributions by and distributions to owners Issue of share capital 10 – (10) – – – – Dividends to equity holders – – – (290) (290) (143) (433) Share-based payment transactions – – 17 – 17 6 23 Total contributions by and distributions to owners 10 – 7 (290) (273) (137) (410) Changes in ownership interests in subsidiaries Introduction of non-controlling interests – – – – – 3 3 Disposal of operations – – – – – 242 242 Total changes in ownership interests in subsidiaries – – – – – 245 245 Total transactions with owners 10 – 7 (290) (273) 108 (165) Balance at 28 February 2013 (Audited) 2 254 (299) (784) 3 570 4 741 479 5 220 33
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summarised audited consolidated financial statements - Altron

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