85 / 170
2016
R’000
2015
R’000
6.
EARNINGS PER SHARE
(continued)
Headline earnings
Profit attributable to shareholders of the company
3 279 576
2 514 858
Net impairments
156 126
89 746
Available-for-sale investments
119 076
–
Property, plant and equipment
41 463
5 149
Intangible assets
3 817
113 137
Taxation relief
(8 230)
(28 540)
Net profit on disposal of interests in subsidiaries and disposal and closure of businesses
(34 804)
(961)
On disposal and closure
(35 818)
(1 373)
Taxation charge
1 014
412
Net loss (profit) on disposal of property, plant and equipment and intangible assets
11 499
(104 004)
Property, plant and equipment
4 256
(139 444)
Intangible assets
5 280
–
Taxation charge
1 963
35 440
Impairment of associates
10 699
–
Headline earnings
3 423 096
2 499 639
Headline earnings per share (cents)
4 154,0
24 748 901,0
Diluted headline earnings per share (cents)
4 115,8
24 748 901,0
Dilution (%)
0,9
–
7.
CASH GENERATED BY OPERATIONS
Operating profit
4 626 518
3 601 399
Costs incurred in respect of acquisitions
8 947
43 611
Dividends received from associates
23 467
–
Adjustment for depreciation and amortisation
1 237 482
990 121
Adjustment for other non-cash items
207 872
(38 561)
Reduction in post-retirement obligations
(224 391)
(26 804)
Working capital changes
762 572
525 234
Increase in inventories
(497 329)
(335 999)
Increase in trade and other receivables
(393 055)
(404 847)
Increase in trade and other payables and provisions
1 652 956
1 266 080
Cash generated by operations
6 642 467
5 095 000
Bidcorp Limited Annual integrated report 2016 |
Page 81
Financial overview