| |
|
|
Restated |
| |
|
Audited |
Audited |
| |
|
March |
March |
| |
|
2014 |
2013 |
| |
Notes |
Rm |
Rm |
| Revenue |
|
13 190.1 |
10 980.7 |
| Cost of sales |
|
8 108.7 |
6 464.4 |
| Gross profit |
|
5 081.4 |
4 516.3 |
| Distribution expenses |
|
1 141.1 |
843.6 |
| Administrative expenses |
|
1 277.1 |
1 257.7 |
| Other operating expenses |
|
776.3 |
528.0 |
| Operating profit |
|
1 886.9 |
1 887.0 |
| Dividend income |
|
5.1 |
2.3 |
| Net financing costs |
2 |
336.4 |
295.4 |
| Interest paid |
|
332.7 |
300.3 |
| Interest received |
|
(8.3) |
(17.6) |
| Foreign exchange losses |
|
12.0 |
12.7 |
| |
|
|
|
| Profit before taxation and non-trading items |
|
1 555.6 |
1 593.9 |
| Share of profit from joint ventures |
|
12.9 |
5.0 |
| Share of profit from associates |
|
12.3 |
0.7 |
| Material items |
3 |
24.5 |
4.6 |
| Profit before taxation |
|
1 605.3 |
1 604.2 |
| Taxation |
|
486.8 |
505.7 |
| Profit for the year |
|
1 118.5 |
1 098.5 |
| Attributable to: |
|
|
|
| Shareholders of Illovo Sugar Limited |
|
916.3 |
859.9 |
| Non-controlling interest |
|
202.2 |
238.6 |
| |
|
1 118.5 |
1 098.5 |
| Statement of other comprehensive Income |
|
|
|
| Items that will not be reclassified subsequently to profit or loss |
|
|
|
| Movement in defined benefit pension plans |
|
(11.1) |
0.6 |
| Tax effect of movement in defined benefit pension plans |
|
0.8 |
(3.1) |
| Actuarial gains/(losses) on post-retirement obligations |
|
13.7 |
(17.9) |
| Tax effect of actuarial (gains)/losses on post-retirement obligations |
|
(3.8) |
5.0 |
| Items that may be reclassified subsequently to profit or loss |
|
|
|
| Adjustments in respect of cash flow hedges |
|
(51.4) |
0.8 |
| Tax effect of cash flow hedges |
|
3.2 |
1.3 |
| Hedge of net investment in foreign subsidiaries |
|
(231.3) |
(64.8) |
| Tax effect of hedge of net investment in foreign subsidiaries |
|
1.2 |
14.5 |
| Foreign currency translation differences |
|
209.7 |
(231.2) |
| Total comprehensive income for the year |
|
1 049.5 |
803.7 |
| Attributable to: |
|
|
|
| Shareholders of Illovo Sugar Limited |
|
821.8 |
638.3 |
| Non-controlling interest |
|
227.7 |
165.4 |
| |
|
1 049.5 |
803.7 |
| Earnings per share (cents)* |
|
|
|
| Basic |
|
199.0 |
186.9 |
| Diluted |
|
198.9 |
186.8 |
