Five-year historic review

  2016   2015 2014 2013 2012 Compound
growth %
 
Summarised income statement (Rm)                
Revenue 80 077   74 500 73 219 68 131 65 902 5.0  
Operating profit 21 059   19 235 20 394 18 897 16 617 6.1  
Net finance charges (2 215)   (1 384) (809) (687) (684) 34.1  
Profit before tax 18 844   17 851 19 585 18 434 15 933 4.3  
Taxation (5 934)   (5 341) (5 918) (5 210) (5 730) 0.9  
Net profit 12 910   12 510 13 667 13 224 10 203 6.1  
Non-controlling interest 7   162 (424) (233) (47) n/a  
EBITDA 30 345   26 905 27 314 25 253 22 763 7.5  
Summarised statement of financial position (Rm)                
Summarised statement of financial position (Rm)    
Non-current assets 51 085   45 954 37 954 34 434 30 678 13.6  
Current assets 27 618   25 353 22 787 21 157 17 552 12.0  
Total equity 23 024   21 643 23 743 21 216 18 930 5.0  
Non-current liabilities 29 909   23 050 12 010 9 620 10 932 28.6  
Current liabilities 25 770   26 614 24 988 24 755 18 368 8.8  
Net debt 21 287   16 760 8 052 8 007 7 667 29.1  
Capital expenditure 12 875   13 305 10 779 9 456 8 662 10.4  
Summarised statement of cash flows (Rm)                
Cash generated from operations 29 800   26 198 28 901 25 320 24 502 5.0  
Tax paid (5 456)   (4 979) (5 298) (5 323) (5 192) 1.2  
Net cash flows from operating activities 24 344   21 219 23 603 19 997 19 310 6.0  
Net cash flows utilised in investing activities (13 680)   (13 131) (9 375) (7 154) (8 002) 14.3  
Net cash flows utilised in financing activities (11 644)   (5 043) (14 719) (10 096) (8 556) 8.0  
Net (decrease)/increase in cash and cash equivalents (980)   3 045 (491) 2 747 2 752 n/a  
Cash and cash equivalents at end of the year 7 751   8 870 5 792 6 188 3 372 23.1  
Performance per ordinary share (cents)                
Basic earnings per share 881   864 903 887 694 6.1  
Headline earnings per share 883   860 896 872 709 5.6  
Diluted headline earnings per share 860   840 894 870 706 5.1  
Net asset value per share 1 547   1 470 1 612 1 441 1 286 4.7  
Dividends per share 1 795   775 825 785 710 2.9  
Profitability and returns (%)                
EBITDA margin 37.9   36.1 37.3 37.1 34.5    
Operating profit margin 26.3   25.8 27.9 27.7 25.2    
Effective tax rate 31.5   29.9 30.2 28.3 36.0    
Net profit margin 16.1   16.8 18.7 19.4 15.5    
Return on equity 2 55.9   56.2 60.4 66.1 59.5    
Return on capital employed 3 48.2   50.1 62.1 62.8 63.2    
Liquidity and debt leverage (times)                
Interest cover 4 9.6   11.1 19.3 20.4 22.2    
Net debt to EBITDA 0.7   0.6 0.3 0.3 0.3    
Current ratio 5 1.1   1.0 0.9 0.9 1.0    
Quick ratio 6 1.0   0.9 0.9 0.8 0.9    

Notes:
Group and South Africa revenue numbers and margins have been restated. This change is further explained on page 43.