Income statement

 

Year ended
31 Dec 2005
 
Rm

  Year ended
 31 Dec 2004
  Restated
Rm		  
Revenue 2 997,9   1 911,9   
– continuing operations 2 949,9   1 862,0   
– discontinued operations 48,0   49,9   
Operating profit 227,7   140,6   
– continuing operations 238,5   153,2   
– discontinued operations (10,8)   (12,6)   
Negative goodwill from acquisitions –   134,7   
Pension fund surplus (net) 50,6   –   
Discontinued operation closure costs (10,9)   –   
Net finance costs (19,4)   (10,6)   
Share of results of joint ventures 0,7   1,2  
Profit before taxation 248,7   265,9   
Taxation (46,2)   (24,6)   
Net profit for the year 202,5   241,3   
– continuing operations 215,4   255,9   
– discontinued operations (12,9)   (14,6)   
Net profit for the year 202,5   241,3   
Attributable to KAP shareholders 196,3   239,1   
Attributable to minorities 6,2   2,2   
Reconciliation of headline earnings         
Profit attributable to equity holders of the parent 196,3   239,1   
Adjusted for the after-tax effects of:         
Profit on disposal of property, plant and equipment (12,0)   (2,2)   
Profit on disposal of subsidiaries –   (3,1)   
Impairment of investment property 0,6   –   
Discontinued operation closure costs 9,5   –   
Negative goodwill –   (134,7)   
Headline earnings 194,4   99,1   
Including discontinued operations         
Earnings per ordinary share (cents) 46,6   81,5   
Headline earnings per ordinary share (cents) 46,1   33,8   
Excluding discontinued operations         
Earnings per ordinary share (cents) 49,6   86,5   
Headline earnings per ordinary share (cents) 49,2   38,8   
Distribution per share – declared (cents) 12,0   5,0