Switch to AFS 2019

Five-year summary of the consolidated financial statements

INCOME STATEMENTS			2015  R'000	2016  R'000	2017  R'000	2018  R'000			2019  R'000
Revenue			3 357 297	2 941 047	7 223 959	7 804 737			8 140 469
Profit excluding profit on disposal of available-for-sale listed investments			76 792	400 303	2 472 277	2 270 040			2 080 609
Profit on disposal of available-for-sale listed investments			–	–	–	42 432			–
Taxation			(102 293)	(176 376)	(583 420)	(645 546)			(629 756)
Share of profits and losses from joint-venture entity and foreign listed associate, after taxation (equity accounted)			1 315 941	1 273 714	3 249 473	3 508 076			4 513 079
Profit for the year			1 290 440	1 497 641	5 138 330	5 175 002			5 963 932
Attributable to:
– Shareholders of the holding company			1 403 371	1 539 363	5 021 171	5 119 329			5 932 037
– Non-controlling shareholders			(112 931)	(41 722)	117 159	55 673			31 895
As above			1 290 440	1 497 641	5 138 330	5 175 002			5 963 932
Other information
Attributable earnings as above (R'000)			1 403 371	1 539 363	5 021 171	5 119 328			5 932 037
Headline earnings (R'000)			1 976 351	1 744 176	5 209 046	5 108 750			6 381 769
Earnings per share (cents)			1 360	1 491	4 869	4 963			5 751
Headline earnings per share (cents)			1 915	1 690	5 049	4 953			6 187
Dividends declared during the year			1 186 660	698 035	1 535 677	2 512 926			3 071 354
Less: Dividends attributable to treasury shares			(309 400)	(182 000)	(400 400)	(656 207)			(802 095)
			877 260	516 035	1 135 277	1 856 719			2 269 259
Dividends relating to the activities of the group for the year under review (cents)
– Interim declared and paid			300	200	600	1 000			1 000
– Final (declared subsequent to year-end)			300	500	800	1 200			1 400
			600	700	1 400	2 200			2 400
Weighted average number of shares for purposes of calculating earnings per share
Ordinary shares in issue			139 607	139 607	139 607	139 607			139 607
Treasury shares, in accordance with IFRS			(36 400)	(36 400)	(36 430)	(36 456)			(36 462)
Weighted average			103 207	103 207	103 117	103 151			103 145
Average exchange rates for the year:
SA rand to US dollar			11,46	14,65	13,26	12,82			14,08
SA rand to euro			13,61	15,97	14,62	15,77			15,26
STATEMENTS OF FINANCIAL POSITION
ASSETS
Non-current assets
Investment in joint-venture entity			14 585 308	15 094 529	15 327 400	15 984 321			17 215 032
Property, plant and equipment and intangible assets			256 504	178 609	1 584 642	1 793 865			2 145 694
Investments
– available-for-sale listed investments			233 972	180 084	229 376	262 003			317 795
– foreign listed associate			120 756	124 848	108 729	154 896			187 387
– available-for-sale unlisted investments			47 808	44 591	24 098	7 568			3 354
Long-term receivable			–	–	–	6 000			9 320
Pension fund surplus			57 474	68 070	93 144	129 245			141 536
Deferred taxation			4 964	17 421	–	–			–
			15 306 786	15 708 152	17 367 389	18 337 898			20 020 118
Current assets
Other current assets			1 335 087	1 455 937	2 327 364	2 584 281			3 690 597
Cash resources (including restricted cash)			2 871 195	3 664 447	5 626 778	8 449 797			10 395 268
Assets held for sale as part of identified disposal groups			–	–	–	1 351			288
Total assets			19 513 068	20 828 536	25 321 531	29 373 327			34 106 271
EQUITY AND LIABILITIES
Share capital and reserves
Equity attributable to shareholders of the holding company			17 808 956	18 945 480	22 649 300	26 091 352			29 772 014
Non-controlling shareholders' interests			15 765	(33 871)	(24 348)	(40 990)			30 368
Total equity			17 824 721	18 911 609	22 624 952	26 050 362			29 802 382
Non-current liabilities
Deferred taxation			–	–	283 778	345 440			471 091
Long-term liabilities			367 181	28 918	134 920	184 152			228 756
			18 191 902	18 940 527	23 043 650	26 579 954			30 502 229
Current liabilities
Non-interest-bearing			360 300	892 235	1 698 162	2 191 727			2 211 827
Interest-bearing			960 866	995 774	579 719	584 472			1 391 564
			–	–	–	17 174			651
Total equity and liabilities			19 513 068	20 828 536	25 321 531	29 373 327			34 106 271
Exchange rates at year-end
SA rand to US dollar			12,27	14,86	13,03	13,72			14,06
SA rand to euro			13,73	16,49	14,89	15,98			15,92

Revenue (R million)		Assmang earnings versus iron ore price (R million)                              (US dollar/ton)*		Total dividends per share relating to the activities of the group for the year under review (cents)
Total assets versus available cash (R billion)		Market capitalisation analysis (R million)