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1.
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These consolidated condensed interim financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS). The accounting policies used in the preparation of the financial statements are consistent with those used in the annual financial statements for the year ended 31 December 2005. |
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REVIEWED |
REVIEWED |
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|
|
RESTATED |
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R MILLION |
2006 |
2005 |
| 2. |
Revenue |
|
|
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Finance income |
8,2 |
8,0 |
| 3. |
Exceptional items |
|
|
| |
(Loss)/Gain on dilution of investment in associate |
(11,9) |
1,8 |
| 4. |
Headline earnings |
|
|
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Profit attributable to equity holders of the company |
284,8 |
272,7 |
| |
Exceptional items net of tax (Note 3) |
11,9 |
(1,8) |
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Attributable share of headline earnings adjustments of
associate company |
(11,5) |
(13,0) |
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Headline earnings |
285,2 |
257,9 |
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Weighted average number of shares in issue (million) |
897,8 |
897,8 |
| |
Headline earnings per share (cents) |
31,8 |
28,7 |
| 5. |
Current assets |
|
|
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Trade and other receivables |
0,6 |
0,6 |
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Amount owing by affiliated company |
– |
7,3 |
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Cash and cash equivalents |
11,0 |
1,0 |
| |
|
11,6 |
8,9 |
| 6. |
Current liabilities |
|
|
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Trade and other payables |
1,9 |
1,9 |
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Current tax liability |
0,4 |
0,7 |
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Amount owing to affiliated company |
0,2 |
– |
| 7. |
Two IFRS adjustments were identified in the 2006 audit
which were not identified in 2005. These relate to the accounting for
certain expense provisions and the Textainer stock option plan. Although the
impact on the current and prior years (as disclosed in the statement of changes
in equity) individually is not material, the comparatives and opening equity
position have been restated for the adjustments due to the material cumulative
impact thereof. |
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|
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|
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PREVIOUSLY |
|
|
| |
|
STATED |
ADJUSTMENT |
RESTATED |
|
As at 31 December 2004 |
|
|
|
|
Retained income |
625,3 |
(4,5) |
620,8 |
|
Investment in equity accounted investee |
696,3 |
(4,5) |
691,8 |
|
As at 31 December 2005 |
|
|
|
|
Non-distributable reserves |
203,9 |
(0,5) |
203,4 |
|
Retained income |
813,7 |
(9,5) |
804,2 |
|
Investment in equity accounted investee |
932,7 |
(10,0) |
922,7 |
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