omnia holdings annual report 2010 omnia holdings annu

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8 OMNIA ANNUAL REPORT 2010 FIVE-YEAR FINANCIAL REVIEW at 31 March 2010 31 March 2010 Rm 31 March 2009 Rm 31 March 2008 Rm 31 March 2007 Rm 31 March 2006 Rm Income statements Revenue 8 827 11 111 7 340 5 537 4 331 Operating profit 279 877 584 422 289 Finance costs, net (173) (164) (112) (58) (59) Income from associates* 3 5 – – – Profit before taxation 109 718 472 364 230 Taxation (51) (227) (159) (118) (76) Profit for the year 58 491 313 246 154 Minority interest (2) – 4 – – Net profit attributable to ordinary shareholders 56 491 317 246 154 Impairment of property, plant and equipment # – 3 – – – Loss/(profit) on disposal of property, plant and equipment 1 – 2 (1) – Profit on businesses contributed to associate (20) – – – – Headline earnings 37 494 319 245 154 Ordinary dividends paid during the year Prior year final (40) (51) (40) (38) (35) Current year interim – (45) (36) (30) (25) Balance sheets Capital and reserves attributable to the equity holders (40) (96) (76) (68) (60) of the company 1 973 2 139 1 583 1 248 1 018 Minority interest (2) (2) (2) 2 2 Non-current liabilities 805 671 288 33 29 Deferred income tax liabilities 80 118 104 83 88 Current liabilities 2 331 2 831 2 466 1 757 1 362 Equity and liabilities 5 187 5 757 4 439 3 123 2 499 Non-current fixed assets and investments 1 398 1 155 995 760 642 Non-current intangible assets 537 517 517 436 455 Deferred income tax assets 9 14 8 3 4 Current assets 3 243 4 071 2 919 1 924 1 398 Assets 5 187 5 757 4 439 3 123 2 499 Net interest-bearing debt Cash flows 404 952 451 265 303 Cash generated from operations 524 1 053 689 496 354 Financial costs and taxation (284) (452) (252) (162) (140) Movement in working capital 805 (744) (138) (60) 1 Cash available from/(utilised by) operating activities 1 045 (143) 299 274 215 Dividends paid (40) (96) (76) (68) (60) Net cash inflow/(outflow) from operating activities 1 005 (239) 223 206 155 Net cash outflow from investing activities (466) (257) (413) (175) (87) Net cash inflow/(outflow) from financing activities 180 389 323 7 (147) Net increase/(decrease) in cash and cash equivalents 719 (107) 133 38 (79) * Interest in Zambian associate (ETC Bio-Energy Limited) and South African associate (Nalco Africa (Pty) Limited) equity accounted for. # Property, plant and equipment in Zimbabwe.
Statistical information 31 March 2010 31 March 2009 31 March 2008 OMNIA ANNUAL REPORT 2010 9 31 March 2007 31 March 2006 Earnings, dividends and ordinary shares Earnings per share (cents) 122,0 1 107,4 718,2 560,3 353,2 Dividends per share for the year (cents)* – 250,0 200,0 160,0 145,0 Interim dividends per share (cents) – 100,0 83,0 70,0 60,0 Dividend cover – 4,4 3,6 3,5 2,4 Net asset value per share (cents) 4 240 4 816 3 572 2 844 2 339 Number of shares in issue at year end (000’s) Number of shares held by Share Incentive Scheme 46 491 44 370 44 263 43 943 43 607 and not included above (000’s) 759 807 914 1 234 1 570 Number of employees Profitability, liquidity and leverage 2 668 2 498 2 388 1 926 1 905 Operating profit as a percentage of sales 3,2% 7,9% 8,0% 7,6% 6,7% Effective tax rate (including secondary tax on companies) 46,8% 31,6% 33,6% 32,5% 33,1% Return on average equity 2,7% 31,1% 24,3% 21,6% 15,9% Net debt to equity percentage 20,5% 44,5% 28,5% 21,2% 29,7% Current ratio 1,4 1,4 1,2 1,1 1,0 EBIT finance cost cover 1,6 5,3 5,2 7,3 4,9 EBITDA finance cost cover Share performance Market value per share (cents) 2,7 6,3 6,0 8,7 6,3 – at year end 6 289 5 200 7 100 6 600 4 410 – highest 6 360 8 398 8 400 6 700 4 550 – lowest 4 901 4 000 6 255 4 170 3 500 Value of shares traded (R’000) 953 664 1 457 948 1 392 093 1 127 461 777 764 Volume of shares traded (000’s) Share volumes traded as a percentage of total 16 493 22 324 19 178 20 896 19 426 issued shares 34,9% 49,4% 42,5% 46,3% 43,0% Definitions 1. Earnings per share – profit attributable to ordinary shareholders divided by the weighted average number of ordinary shares in issue during the year, excluding shares held by Share Incentive Scheme. 2. Dividend cover – earnings per share divided by the dividend per share for the year. 3. Net asset value per share – ordinary shareholders’ equity and minority interest divided by the number of shares in issue at year end, excluding the shares held by Share Incentive Scheme. 4. Number of shares in issue at year end – shares issued less shares held by Share Incentive Scheme. 5. Return on average equity – profit attributable to ordinary shareholders expressed as a percentage of the average opening and closing ordinary shareholders’ equity. 6. Net debt to equity percentage – debt expressed as a percentage of all ordinary shareholders’ equity plus minority interest. 7. Net debt – interest-bearing liabilities net of cash resources. 8. Current ratio – current assets divided by current liabilities. 9. EBIT finance cost cover – operating profit before finance cost and tax divided by finance cost . 10. EBITDA finance cost cover – operating profit before finance cost, tax, depreciation, amortisation and share-based payment expense divided by finance cost. * Includes a capitalisation award of 150 cents as a final dividend for the 2009 year. Shareholders could elect to receive a cash dividend of 145 cents instead of the capitalisation award.
Page 1 and 2: OMNIA HOLDINGS ANNUAL REPORT 2010
Page 3 and 4: OMNIA’S MILESTONES 1976 1974 1972
Page 5 and 6: FINANCIAL HIGHLIGHTS Audited 31 Mar
Page 7 and 8: OUR VISION CREATING CUSTOMER WEALTH
Page 9 and 10: OMNIA ANNUAL REPORT 2010 5 The diff
Page 11: Participants were required to inves
Page 15 and 16: The world today faces the compoundi
Page 17 and 18: OMNIA ANNUAL REPORT 2010 13 Omnia
Page 19 and 20: Rod Humphris (53) Executive directo
Page 21 and 22: OMNIA ANNUAL REPORT 2010 17 Notwith
Page 23 and 24: (2009: 1 107,4 cents), and headline
Page 25 and 26: the best agronomic advice in all as
Page 27 and 28: OMNIA ANNUAL REPORT 2010 23 The sou
Page 29 and 30: Within the Chemicals Division produ
Page 31 and 32: Overview of Chemicals Protea Chemic
Page 33 and 34: MINING DIVISION - REVIEW OPERATIONA
Page 35 and 36: of ore. The risks normally associat
Page 37 and 38: Financial performance As expected,
Page 39 and 40: About this report This sustainabili
Page 41 and 42: highly productive lands are also mo
Page 43 and 44: - Vaal Triangle Priority Area Air M
Page 45 and 46: Challenges and opportunities Our re
Page 47 and 48: Corporate governance This corporate
Page 49 and 50: Board committees While the Board re
Page 51 and 52: The Group has made great strides in
Page 53 and 54: concern assumption at the interim r
Page 55 and 56: implemented to introduce a technolo
Page 57 and 58: There has been a marked improvement
Page 59 and 60: Social performance Recognising our
Page 61 and 62: for new students of a Certificate i
Page 63 and 64:
To entrench these commitments throu
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At Omnia Fertilizer, all incidents
Page 67 and 68:
Water Use Licence Application (IWUL
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FINANCIAL STATEMENTS A responsible
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REPORT OF THE AUDIT COMMITTEE for t
Page 73 and 74:
DIRECTORS’ REPORT The directors a
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DIRECTORS’ SHAREHOLDING as at 31
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GROUP INCOME STATEMENT for the year
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GROUP STATEMENT OF CHANGES IN EQUIT
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NOTES TO THE GROUP FINANCIAL STATEM
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IAS 39, only certain, rather than a
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1.5 Cost of sales When inventories
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are presented in the income stateme
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fair value of plan assets, together
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1.22 Financial risk management 1.22
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2 PROPERTY, PLANT AND EQUIPMENT Fre
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2 PROPERTY, PLANT AND EQUIPMENT con
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4 AVAILABLE-FOR-SALE FINANCIAL ASSE
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8 STATED CAPITAL continued Number o
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13 INTEREST-BEARING BORROWINGS OMNI
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15 PROVISIONS OMNIA ANNUAL REPORT 2
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19 FINANCE EXPENSES OMNIA ANNUAL RE
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21 EARNINGS PER SHARE AND DIVIDENDS
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28 ACQUISITION OF BUSINESS OMNIA AN
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29 FINANCIAL RISK MANAGEMENT contin
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29 FINANCIAL RISK MANAGEMENT contin
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30 RELATED PARTY TRANSACTIONS conti
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32 RETIREMENT BENEFIT INFORMATION c
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OMNIA ANNUAL REPORT 2010 115 33 CON
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36 SHARE INCENTIVE SCHEME continued
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36 SHARE INCENTIVE SCHEME continued
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Country of incorporation Issued cap
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COMPANY INCOME STATEMENT for the ye
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COMPANY CASH FLOW STATEMENT for the
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SUMMARY OF SHAREHOLDER SPREAD at 31
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NOTICE TO SHAREHOLDERS for the year
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FORM OF PROXY For use at the annual
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ADMINISTRATION GROUP COMPANY SECRET
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