| |
| 1. |
These condensed consolidated
annual financial statements have been prepared in accordance with
International Financial Reporting Standards (IFRS), including IAS 34 Interim
Financial Reporting. The
accounting policies used in the preparation of these condensed consolidated
financial statements are consistent with those used in the annual financial
statements for the year ended 31 December 2006. |
| |
|
|
REVIEWED |
AUDITED |
|
| |
R MILLION |
|
2007 |
2006 |
|
| 2. |
Revenue |
|
|
|
|
| |
Interest income |
|
0,8 |
8,2 |
|
| |
|
|
0,8 |
8,2 |
|
| 3. |
Exceptional item |
|
|
|
|
| |
Loss on dilution of investment in associate |
|
(1,3) |
(11.5) |
|
| |
|
|
(1,3) |
(11,5) |
|
| 4. |
Headline earnings |
|
|
|
|
| |
Profit attributable to equity holders of the company |
|
303,2 |
252,8 |
|
| |
Loss on dilution of investment in associate |
|
1,3 |
11,5 |
|
| |
Attributable share of headline earnings
adjustments of associate |
|
(121,0) |
28,3 |
|
| |
Headline earnings |
|
183,5 |
292,6 |
|
| |
Weighted average number of shares in issue (million) |
|
1 068,0 |
897,8 |
|
| |
Headline earnings per share (cents) |
|
17,2 |
32,6 |
|
| |
Diluted headline earnings per share (cents) |
|
17,2 |
27,9 |
|
| 5. |
Investment in equity-accounted investee |
|
|
|
|
| |
On conversion of the debentures, Mobile received 13 730 780 shares in Trencor and its effective holding in Trencor increased to 46,3%. Goodwill amounting to R259,6 million arose on this transaction. |
| 6. |
Current assets |
|
|
|
|
| |
Trade and other receivables |
|
0,2 |
0,6 |
|
| |
Cash and cash equivalents |
|
9,3 |
11,0 |
|
| |
|
|
9,5 |
11,6 |
|
| 7. |
Conversion of convertible debentures |
|
|
|
|
| |
In view of the fact that the total dividend declared in respect of the year
ended 31 December 2006 exceeded the specified level, each debenture was
converted into three ordinary shares. For calculation of the weighted average number of shares in issue, the shares issued have been included with effect from 1 January 2007.
|
| |
Number of shares issued (million) |
|
170,2 |
– |
|
| |
Increase in share premium |
|
127,6 |
– |
|
| 8. |
Current liabilities |
|
|
|
|
| |
Trade and other payables |
|
2,2 |
1,9 |
|
| |
Current tax liability |
|
0,3 |
0,4 |
|
| |
Amount due to subsidiary of associate |
|
– |
0,2 |
|
| |
|
|
2,5 |
2,5 |
|
|
