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Financial Highlights
2001 2000 % Increase/
$’000 $’000 (Decrease)
The Group at a Glance
20
FOR THE YEAR
Sales - excluding associated companies 300,537 500,492 (40.0)
- including associated companies 539,190 826,160 (34.7)
Profit / (Loss)
Operating 123,874 171,220 (27.7)
Before tax
Before exceptional items 112,180 161,600 (30.6)
After exceptional items (371,514) 161,600 (329.9)
After tax and minority interests (366,463) 122,114 (400.1)
Funds generated from operations 82,301 216,545 (62.0)
Development expenditure incurred 223,726 512,768 (56.4)
Capital expenditure 17,545 102,453 (82.9)
Dividends paid and proposed 16,049 16,045 -
Value added from operations (299,400) 207,500 (244.3)
AT YEAR-END
Share capital 354,287 354,190 -
Shareholders’ funds 1,617,408 2,252,660 (28.2)
Minority interests 277,904 363,719 (23.6)
Short and long-term borrowings 2,638,067 2,328,951 13.3
Total funds invested 4,533,379 4,945,330 (8.3)
Debt-equity ratio (%)
Excluding minority interests 149 96 55.2
Including minority interests 127 83 53.0
PER SHARE
Profit / (loss) before tax (cents) (54.3) 21.1 (357.3)
Profit / (loss) after tax and minority interests (cents) (51.7) 17.3 (398.8)
Dividends - less tax (cents) 2.3 2.3 -
- gross equivalent (cents) 3.0 3.0 -
- cover (22.8) 7.6 (400.0)
Net tangible assets $2.28 $3.18 (28.3)
RETURN ON SHAREHOLDERS’ EQUITY (%)
Before tax but after exceptional items (19.9) 6.8 (392.6)
After tax and exceptional items (18.9) 5.5 (443.6)
EMPLOYEES (including property associates)
Number 4,565 4,485 1.8
Wages and salaries ($’000) 98,860 88,556 11.6
Pre-tax profit per employee ($’000) N.A. 40.9 -