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Notes             R millions    
                   
Basis of preparation                  
The summarised consolidated financial statements have been prepared in accordance with the recognition and measurement criteria of International Financial Reporting Standards (IFRS), its interpretations adopted by the International Accounting Standards Board (IASB), the presentation and disclosure requirements of IAS 34,  Interim Financial Reporting and in compliance with the Listings Requirements of the JSE Limited and the requirements of the South African Companies Act.    
   
   
   
   
The accounting policies followed are consistent with those used in the prior year.          
                   
Report of the independent auditors                
The unmodified audit reports of KPMG Inc., the independent auditors, on the annual financial statements and the summarised financial statements contained herein for the year ended 28 February 2010, dated 3 May 2010, are available for inspection at the registered office of the company.    
   
   
                   
          2010   2009    
          (Audited)   (Audited)    
                   
Headline earnings per share (cents)    (28%)                  198                     275    
Diluted headline earnings per share (cents)    (24%)                  196                     257    
Adjusted headline earnings per share (cents)   (25%)                  220                     295    
Adjusted diluted headline earnings per share (cents)   (22%)                  217                     277    
                   
                   
1.  Capital items                    
Net gain on disposal of property, plant and equipment                        12                       23    
Gain on disposal of intangibles                          23                         -    
Impairment of property, plant and equipment                             -                     (12)    
Impairment of goodwill                          (75)                     (90)    
Impairment of intangibles                        (66)                         -    
Net (loss)/gain on disposal of businesses and investments                        (2)                       58    
Foreign currency translation reserve released on disposal                          3                         -    
                         (105)                     (21)    
                      
2.  Reconciliation between attributable earnings and                
headline earnings                   
Attributable to Altron equity holders                        543                     835    
Capital items   -  gross                          105                       21    
Tax effect of capital items                        (18)                        8    
Minority interest in capital items                          (5)                       (3)    
Headline earnings                          625                     861    
                   
                   
3.   Reconciliation between attributable earnings and                
diluted earnings                   
Attributable to Altron equity holders                        543                     835    
Dilutive earnings attributable to BBBEE minorities in subsidiaries                        (5)                     (44)    
Dilutive earnings attributable to dilutive options at subsidiary level                      (8)                     (17)    
Minority interest in adjustments                            3                        8    
Diluted earnings                          533                     782    
                   
4.   Reconciliation between headline earnings and                
diluted headline earnings                 
Headline earnings                          625                     861    
Dilutive earnings attributable to BBBEE minorities in subsidiaries                        (3)                     (41)    
Dilutive earnings attributable to dilutive options at subsidiary level                      (8)                     (17)    
Minority interest in adjustments                            3                        8    
Diluted headline earnings                        617                     811    
                   
5.   Reconciliation between headline earnings and                
adjusted headline earnings                 
Adjusted headline earnings have been presented to demonstrate the impact of accounting charges on the headline earnings of the group. Headline earnings are reconciled to adjusted headline earnings as follows:           
         
         
         
                   
Headline earnings                          625                     861    
Amortisation of intangibles arising on business combinations                      111                     104    
Tax effect of adjustments                        (26)                     (29)    
Minority interest in adjustments                        (17)                     (12)    
                           693                     924    
6.   Reconciliation between diluted headline earnings and                
adjusted diluted headline earnings                 
                   
Diluted headline earnings                        617                     811    
Amortisation of intangibles arising on business combinations                      111                     104    
Tax effect of adjustments                        (26)                     (29)    
Minority interest in adjustments                        (17)                     (12)    
                           685                     874    
                   
Notes (cont)                  
                   
Fully diluted earnings, diluted headline earnings and adjusted diluted headline earnings have been calculated in accordance with IAS 33 - Earnings per share on the basis that:     
   
- The recognition of the deferred sale of a 30% interest in Aberdare Cables to the Izingwe Consortium based on the assumption that the outstanding purchase price will be settled in cash for R82 million (comprising the empowerment funding obligation net of excess cash deposits of R19 million), adjusted for the dilutive effect of the option price at the Aberdare level and after taking into account the 10% investment in the Izingwe Consortium by Power Technologies (Pty) Limited.    
   
   
   
   
- The earnings effect of dilutive options at Allied Technologies Limited level.          
                   
7. Acquisitions of subsidiaries                 
                   
During the year the Altech group acquired a number of operations, namely 1 March 2009 - Fleetcall  - the largest trunk two-way radio operator in South Africa, 1 March 2009 - Lateral Technology Concepts - an established internet technology services business and corporate internet service provider, 1 June 2009 - 50% of NuPay - a transaction service provider and switching company and 100% of the Altech Netstar franchisees in Nelspruit and Polokwane for an aggregate consideration of R192 million, of which R54 million is deferred. 
The acquired businesses contributed revenue of R167 million and net profit after tax of R26 million to the group for the period ended 28 February 2010. 
If the acquisitions had occurred on 1 March 2009, group revenue and net profit after tax before allocations would have increased by a further R25 million and R2 million respectively. These amounts have been calculated using the group's accounting policies and where purchase price allocations have been completed, by adjusting the results of the subsidiaries to reflect amortisation on the fair value adjustments to intangible assets from 1 March 2009, together with the consequential tax effects.
                   
                   
        Recognised Fair value   Carrying    
        values adjustments   amount    
Non-current assets                        37                     62                      99    
Current assets                         27                       -                      27    
Non-current liabilities                       (11)                   (10)                    (21)    
Current liabilities                       (21)                       -                    (21)    
Net identifiable assets and liabilities                      32                     52                      84    
Attributable to minorities                          -                       -                      (1)    
Net attributable assets and liabilities                      32                     52                      83    
Goodwill arising on acquisition                            109    
Total consideration                              192    
                   
8. Disposal of Namitech South Africa, a division of Altech Information Technologies (Proprietary) Limited.  
                   
On 1 April 2009 the Altech group disposed of the net assets of its Namitech South Africa division for R 82.2 million to Gemalto.      
The net assets were shown as held for sale at 28 February 2009.              
                   
9. Post balance sheet events                
                   
The Altech group has signed agreements to sell 25% plus 1 share of its' interest in the  Altech Netstar group to Thebe Investment Corporation (Proprietary) Limited and Identity Capital Partners (Proprietary) Limited, effective 1 March 2010.