Six-year financial review
| 2007 | 2006 | 2005 | 2004* | 2003* | 2002* | |
| R millions | R millions | R millions | R millions | R millions | R millions | |
| INCOME STATEMENT | ||||||
| Revenue | 17 126 | 13 913 | 12 206 | 10 045 | 11 397 | 9 900 |
| Operating profit | 1 528 | 1 040 | 963 | 718 | 909 | 763 |
| Financial income | 132 | 112 | 100 | 145 | 131 | 110 |
| Financial expenses | (56) | (53) | (62) | (26) | (35) | (18) |
| Profit from associates | 4 | 32 | 24 | 9 | 19 | 24 |
| Capital items | (38) | (54) | (90) | (139) | 98 | (133) |
| Profit before taxation | 1 570 | 1 077 | 935 | 707 | 1 122 | 746 |
| Taxation | (481) | (326) | (339) | (255) | (269) | (196) |
| Profit after taxation | 1 089 | 751 | 596 | 452 | 853 | 550 |
| Attributable to minority interest | 284 | 257 | 148 | 148 | 396 | 242 |
| Attributable to Altron | ||||||
| equity holders | 805 | 494 | 448 | 304 | 457 | 308 |
| Headline earnings | 802 | 529 | 445 | 379 | 402 | 356 |
| Dividends paid | 216 | 176 | 143 | 117 | 100 | 90 |
| BALANCE SHEET | ||||||
| Assets | ||||||
| Property, plant and | ||||||
| equipment | 954 | 905 | 848 | 671 | 666 | 701 |
| Intangible assets | 844 | 773 | 925 | 462 | 471 | 265 |
| Associates and other | ||||||
| investments | 254 | 228 | 453 | 183 | 181 | 167 |
| Rental finance advances | 77 | 90 | 75 | 189 | 286 | 1 042 |
| Deferred taxation | 182 | 118 | 112 | 113 | 132 | 127 |
| Cash and cash | ||||||
| equivalents | 1 613 | 2 152 | 1 520 | 2 004 | 1 510 | 1 444 |
| Other current assets | 4 526 | 3 271 | 3 022 | 2 447 | 2 947 | 3 234 |
| Total assets | 8 450 | 7 537 | 6 955 | 6 069 | 6 193 | 6 980 |
| Equity and liabilities | ||||||
| Shareholders' equity | 3 528 | 2 931 | 2 679 | 2 489 | 2 283 | 1 945 |
| Minority interest | 1 218 | 1 103 | 964 | 1 082 | 1 292 | 1 636 |
| Total equity | 4 746 | 4 034 | 3 643 | 3 571 | 3 575 | 3 581 |
| Non-current loans | 321 | 297 | 716 | 277 | 281 | 784 |
| Current loans | 65 | 238 | 59 | 247 | 193 | 179 |
| Loans | 386 | 535 | 775 | 524 | 474 | 963 |
| Non-current liabilities | 68 | 46 | 83 | 41 | 120 | 158 |
| Bank overdraft | 24 | |||||
| Current liabilities | 3 226 | 2 922 | 2 454 | 1 933 | 2 024 | 2 278 |
| Total equity and | ||||||
| liabilities | 8 450 | 7 537 | 6 955 | 6 069 | 6 193 | 6 980 |
|
*Not restated for effect of IFRS due to practical constraints.
|
| 2007 | 2006 | 2005 | 2004* | 2003* | 2002* | |
| RATIOS AND STATISTICS | ||||||
| Earnings | ||||||
| Basic earnings per share (cents) | 287.0 | 176.4 | 162.0 | 111.5 | 169.9 | 111.9 |
| Headline earnings per | ||||||
| share (cents) | 285.9 | 189.2 | 161.7 | 138.1 | 155.3 | 129.2 |
| Dividend proposed per | ||||||
| share (cents) | 118.0 | 78.0 | 63.0 | 52.0 | 43.0 | 37.0 |
| Headline dividend cover (times) | 2.4 | 2.4 | 2.6 | 2.7 | 3.6 | 3.5 |
| Ordinary shares in issue (millions) | ||||||
| – at year end | 94 | 94 | 94 | 94 | 94 | 94 |
| – weighted average | 94 | 94 | 94 | 94 | 94 | 95 |
| Participating preference shares in | ||||||
| issue (millions) | ||||||
| – at year end | 186 | 188 | 184 | 180 | 177 | 174 |
| – weighted average | 186 | 186 | 182 | 179 | 175 | 181 |
| Profitability | ||||||
| Operating profit to revenue (%) | 8.9 | 7.5 | 7.9 | 7.1 | 8.0 | 7.7 |
| EBITDA | 1 763 | 1 253 | 1 154 | 847 | 1 071 | 917 |
| Return on shareholders' | ||||||
| equity (%) | 23.2 | 18.2 | 16.8 | 16.0 | 14.3 | 24.1 |
| Return on capital employed (%) | 29.8 | 22.8 | 21.8 | 17.5 | 22.4 | 16.8 |
| Return on operating assets (%) | 23.9 | 20.6 | 19.8 | 19.1 | 20.8 | 14.6 |
| Return on net assets (%) | 30.5 | 23.8 | 22.5 | 18.1 | 23.0 | 17.2 |
| Financial | ||||||
| Borrowings ratio (%) | 8.1 | 13.3 | 21.3 | 14.7 | 13.3 | 26.9 |
| Current ratio | 1.9:1 | 1.9:1 | 1.9:1 | 2.0:1 | 2.0:1 | 1.9:1 |
| Acid test ratio | 1.2:1 | 1.4:1 | 1.4:1 | 1.5:1 | 1.5:1 | 1.3:1 |
| Net asset value per share | 1 260.5 | 1 039.6 | 962.6 | 907.0 | 842.9 | 725.9 |
| Shares | ||||||
| Number of shareholdings | ||||||
| – ordinary shares | 1 600 | 1 738 | 1 616 | 1 202 | 1 058 | 1 067 |
| – participating preference shares | 3 848 | 3 396 | 2 916 | 2 722 | 2 685 | 1 471 |
| Price: earnings ratio (times) | ||||||
| – ordinary shares | 15.7 | 13.5 | 9.6 | 8.0 | 5.3 | 5.9 |
| – participating preference shares | 14.7 | 11.9 | 9.5 | 8.1 | 4.8 | 5.8 |
| Market value per share at | ||||||
| year end (cents) | ||||||
| – ordinary shares | 4 478 | 2 550 | 1 555 | 1 105 | 820 | 760 |
| – participating preference shares | 4 200 | 2 250 | 1 538 | 1 125 | 750 | 755 |
| Other | ||||||
| Consumer price index | ||||||
| (percentage increase) | 5.7 | 3.9 | 2.6 | 0.7 | 10.3 | 5.9 |
| Production price index | ||||||
| (percentage (decrease)/increase) | 9.5 | 5.5 | 1.2 | (1.0) | 6.2 | 13.2 |
| Number of permanent employees | 11 871 | 11 874 | 11 800 | 10 712 | 10 449 | 11 232 |