Annual Financial Statements


Financial Statements for the year ended 31 March 2011


Income Statements

for the year ended 31 March 2011     Tongaat Hulett Limited

Company         Consolidated
15 months to 12 months to         12 months to 15 months to
31 March 31 March         31 March 31 March
2010 2011   Rmillion Note   2011 2010
8 155 6 250   REVENUE     9 681 11 136
               
788 620   Profit from operations     1 338 1 691
47 5   Bulk sales / capital profit on land     23 52
13 2   Capital profit on other items     4 13
(33) (43)   BEE IFRS 2 charge and transaction costs     (46) (35)
      Valuation adjustments:        
  288     Defined benefit pension fund asset recognition     288  
        Zimbabwe consolidation take-on gain       1 969
        Other valuation adjustments     (1) (3)
815 872   Operating profit after corporate transactions 18   1 606 3 687
               
      Share of associate company’s (loss)/profit     (2) 1
(478) (369)   Financing costs 20   (484) (489)
104 8   Finance income 20   12 37
               
441 511   PROFIT BEFORE TAX     1 132 3 236
(113) (137)   Tax 21   (261) (208)
328 374   NET PROFIT     871 3 028
               
      Attributable to:        
328 374     Shareholders of Tongaat Hulett     833 2 898
        Minority (non-controlling) interest     38 130
328 374         871 3 028
               
      EARNINGS PER SHARE (cents) 23      
      Basic     786,0 2 791,6
      Diluted     764,3 2 736,0