Net cash and cash equivalents 50 439 63 729 84 644at the end of the year6. Assets held for sale andliabilities relating toassets held for saleThe sale of InternationalTube Technology (Pty) Limitedand International EdgeboardTechnology (Pty) Limited wasconcluded in the prior yearon the 23 July 2010.Assets held for sale/soldconsists of the following:Opening balance as at 1 March - 11 381 11 381Assets of ITT disposal group - (11 381) (11 381)disposed (effective date oftransaction 23 July 2010)Assets held for sale at the - - -end of the periodLiabilities relating toassets held for sale/soldconsists of the following:Opening balance as at 1 March - 8 076 8 076Liabilities relating to - (8 076) (8 076)disposal group classified toheld for saleLiabilities relating to - - -assets held for sale at theend of the period7. Capital reserveThe capital reserve relatesto employee share optionsvalued using the BlackScholes method and the cashfinanced stock plan.8. RevenueRevenue for the Group 1 404 0<strong>30</strong> 1 456 383 2 955 483Transactions with other (103 593) (107 163) (250 106)entities within the GroupRevenue for external 1 <strong>30</strong>0 437 1 349 220 2 705 377customersVolume (in `000 tons) 44 513 47 105 99 3669. Profit from operationsProfit from operations arearrived at after taking thefollowing into account:Net loss/(profit) on disposal 420 (411) (98)of property, plant andequipmentDepreciation 66 855 68 415 140 684Net loss on exercise of share 20 - 190options10. Loss for the period fromdiscontinued operationsThe Group disposed ofInternational Tube Technology(Pty) Limited andInternational EdgeboardTechnology (Pty) Limited inthe prior year.The results of discontinuedoperations is thereforerepresented by the tradingresultsof these entities for theperiod being reported upon,the loss realised upon thedisposal of the disposal
group and any lossesrecognised on theremeasurement of assets heldfor sale.Revenue - 17 417 17 417Expenses - (17 206) (17 057)Profit before taxation from - 211 360discontinuing operationsTaxation - - -Profit for the period from - 211 360discontinued operationsThe net cash flows incurredby discontinued operationsfor the period arerepresented below:Operating cash outflows - (3 842) (3 842)Investing cash inflows - 397 397Financing cash inflows - 1 082 1 082Net decrease in cash and cash - (2 363) (2 363)equivalents from discontinuedoperations11. Earnings per ordinary share and headline earnings per ordinary share -basic and fully dilutedEarnings per ordinary share is calculated by dividing the profit attributableto ordinary shareholders of the parent by the weighted average number ofshares in issue over the period that the attributable profit was generated.Headline earnings per ordinary share is calculated by dividing the headlineearnings attributable to ordinary shareholders of the parent by the weightedaverage number of shares in issue over the period that the headline earningswas generated.Fully diluted earnings and headline earnings per ordinary share is determinedby adjusting the weighted average number of shares in issue over the periodto assume conversion of all dilutive ordinary shares, being shares issued interms of the share incentive trust and the cash financed stock plan.12. Subsequent eventsNo fact or circumstance material to the appreciation of this report hasoccurred between 31 August <strong>2011</strong> and the date of this report.Board of Directors: P Langeni* (Chair), M Baglione (Chief Executive Officer),M Diedloff (Chief Financial Officer), P C Botha*, D C Noko*, K P Shongwe*, GZ Steffens**Non-executiveCompany Secretary: X VabazaRegistered Office: 5 Kruger Street, Denver, <strong>2011</strong>. PO Box 75769, Gardenview,2047, South Africa. Tel +27 11 615 8011 Fax +27 11 615 9790Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)Registrar: Computershare Investor Services (Pty) Ltd. Ground Floor, 70Marshall Street, Johannesburg, 2001. PO Box 61051, Marshalltown, 2107Operating entitiesFlexibles Division: Alex White, Barrier Film Converters, City Packaging, EastRand Plastics, Knilam Packaging, Packaging Consultants, Peninsula Packaging,Plusnet/Geotex, Saflite, Tristar Plastics, UltrapakRigids Division: Cinqpet, Consupaq, Hilfort, JJ Precision Plastics, MarcomPlastics, PAK 2000, Plastech, Plastform, Plastop, Plastop (KwaZulu-Natal),Thermopac, Weener - Plastopwww.astrapak.co.zaDate: <strong>30</strong>/09/<strong>2011</strong> 13:51:03 Produced by the JSE SENS Department.The SENS service is an information dissemination service administered by theJSE Limited (`JSE`). The JSE does not, whether expressly, tacitly orimplicitly, represent, warrant or in any way guarantee the truth, accuracy orcompleteness of the information published on SENS. The JSE, their officers,employees and agents accept no liability for (or in respect of) any direct,indirect, incidental or consequential loss or damage of any kind or nature,howsoever arising, from the use of SENS or the use of, or reliance on,information disseminated through SENS.