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(R'000)
2007
2006
2005
2004
2003
GROUP INCOME STATEMENT
Revenue
52 260
25 436
37 192
54 299
16 832
Profit from operations
25 372
15 760
11 361
10 850
1 559
Profit on disposal of investment and
.............investment property
685
5 701
18 034
-
-
Fair value gains on investments and
..............investment property
111 836
20 773
6 143
12 126
3 907
Net finance costs
(15 291)
(5 465)
(7 248)
(7 040)
(7 941)
Profit/(loss) before taxation
125 217
38 256
28 584
15 980
(2 445)
Net profit for the year
121 144
40 564
37 109
16 417
4 430
 
GROUP BALANCE SHEET
Total equity attributable to equity holders
295 623
180 136
143 325
109 546
93 866
Interest-bearing borrowings
272 471
113 902
36 941
70 672
75 697
Net deferred taxation liability
58 881
8 135
983
1 689
708
Other current liabilities
11 251
8 020
12 789
7 582
8 949
Total equity and liabilities
638 226
310 193
194 038
189 489
179 220
Investment property
467 527
198 597
94 281
117 788
101 110
Vehicles, furniture and equipment
745
486
669
524
246
Trading property
18 739
13 223
6 212
4 528
23 938
Investments and loans receivable
127 482
82 586
68 456
53 094
50 900
Goodwill
-
-
1 100
-
-
Cash and cash equivalents
10 192
8 229
8 824
2 283
644
Trade and other receivables
13 541
7 072
14 496
11 272
2 382
Total assets
638 226
310 193
194 038
189 489
179 220
           
 
           
(R'000)
2007
2006
2005
2004
2003
PERFORMANCE (CENTS PER SHARE)
Earnings
1 642.0
*540.4
494.4
216.9
58.5
Headline earnings/(losses)
293.6
281.7
175.2
26.0
(78.6)
Dividend paid
50.0
50.0
50.0
35.0
10.0
Net asset value
4 007
*2 400
1 909
1 447
1 240
SOLVENCY AND LIQUIDITY
Dividend cover (times)
32.8
12.8
9.9
6.2
5.9
Interest cover (times)
7.2
*6.2
4.2
2.1
0.5
Interest-bearing borrowings:equity (ratio)
0.92
*0.63
0.26
0.65
0.81
Total liabilities:equity (ratio)
1.16
*0.72
0.35
0.73
0.91
STOCK EXCHANGE PERFORMANCE
Number of shares in issue ('000)
8 170
8 420
8 420
8 420
8 420
Market price
- at year-end (cents)
3 800
2 100
1 200
650
500
- high (cents)
3 999
2 150
1 200
700
700
- low (cents)
2 000
1 200
650
500
450
Price:earnings at year-end (ratio)
12.9
7.5
6.8
25.0
(6.4)
Market capitalisation at year-end (R'000)
310 460
176 820
101 040
54 730
42 100
           
*restated          
           
- O U R  P A R T N E R SOUR PARTNERS