Annual Financial Statements


Financial Statements for the year ended 31 December 2008


Income Statements

for the year ended 31 December 2008     Tongaat Hulett Limited

       Company               Consolidated
2007 2008   Rmillion Note 2008 2007
             
4 762 5 694   REVENUE - continuing operations   7 106 6 395
             
515 827   Profi t from Tongaat Hulett operations   1 132 838
1 6   Capital profi t on land   22 48
  49   Capital profi t on insurance claim   49  
(379) (31)   BEE IFRS 2 charge and transaction costs   (33) (383)
  (7)   Valuation adjustments   2 (1)
3 348     Fair value adjustment of investment in Hulamin     3 348
             
3 485 844   Operating profi t after corporate transactions 18 1 172 3 850
(151) (360)   Financing costs 20 (325) (193)
49 126   Finance income 20 45 74
             
3 383 610   PROFIT BEFORE TAX   892 3 731
             
(142) (98)   Tax 21 (212) (288)
             
3 241 512   NET PROFIT AFTER TAX   680 3 443
             
      DISCONTINUED OPERATION      
      Hulamin unbundling     42
             
3 241 512   NET PROFIT   680 3 485
             
      Attributable to:      
3 241 512      Shareholders   649 3 457
         Minority interest   31 28
         
3 241 512       680 3 485
             
      EARNINGS PER SHARE (cents) 23    
         Basic   629,7 3 292,8
         Diluted   616,8 3 220,7