ANNUAL REPORT 2010
performance summary
| FINANCIAL RESULTS (R MILLION) | 2010 | 2009 | % CHANGE | |
| Revenue | 15 731 | 16 284 | (3) | |
| Operating profit, before items of a capital nature: | ||||
| Actual | 753 | 1 160 | (35) | |
| Adjusted* | 1 407 | 1 160 | 21 | |
| Headline earnings: | ||||
| Actual | 236 | 621 | (62) | |
| Adjusted* | 891 | 621 | 43 | |
| Cash profit from operating activities | 1 610 | 1 510 | 7 | |
| Net cash from operations | 1 724 | 1 888 | (9) | |
| Capital and reserves | 4 751 | 4 628 | 3 | |
| PERFORMANCE PER SHARE (CENTS) | ||||
| Headline earnings: | ||||
| Actual | 134 | 355 | (62) | |
| Adjusted* | 503 | 355 | 42 | |
| Dividend | - | 125 | ||
| Net asset value | 2 668 | 2 623 | 2 | |
| Price at year-end | 4 760 | 3 350 | 42 | |
| CORE RATIOS (%) | ||||
| Operating profit margin – Adjusted* | 8.9 | 7.1 | ||
| Return on average net assets – Adjusted* | 24 | 20 | ||
| Return on average shareholders’ funds – Adjusted* | 19 | 14 | ||
| Debt to equity | 9 | 14 | ||