2012     2011   2010   2009   2008   2007   2006  
Financial ratios                    
Solvency and liquidity                    
Interest cover (times)(1)    21,8     18,7   14,4   9,0   28,5   196,5   112,7  
Dividend cover (times)(2)    3     3   3   3   3   3   3  
Gearing ratio (%)(3)    17,7     20,2   24,1   26,1   8,5   1,2   1,3  
Current ratio (times)(4)    4,8     4,7   4,5   4,1   2,4   1,6   1,8  
Acid test ratio (times)(5)    3,6     3,8   3,6   3,3   1,5   1,0   1,3  
Definition

(1)

Interest cover: Trading profit divided by finance cost.

(2)

Dividend cover: Headline earnings divided by dividends declared (excluding special dividends).

(3)

Gearing ratio: Interest-bearing loans and borrowings as a percentage of equity attributable to equity holders of the parent.

(4)

Current ratio: Current assets divided by current liabilities.

(5)

Acid test ratio: Current assets, less inventory, divided by current liabilities.

 

  Seven-year  
compound  
growth %  
  2012     2011   2010   2009   2008   2007   2006  
Financial ratios                      
Stock exchange performance                      
Market capitalisation+ (Rm’s)  7     5 147     4 094   3 316   2 109   2 516   5 147   3 391  
Closing share price at year end (cents)  5     560     445   360   265   317   645   427  
Market value per share                      
– High (cents)      570     465   465   330   727   727   475  
– Low (cents)      410     340   260   220   250   414   302  
Closing share price to net asset value per share       2,57     2,39   2,88   1,57   2,13   5,27   4,28  
Price-earnings ratio (times)      13,63     12,75   10,90   8,20   9,16   19,06   14,57  
Dividend yield (%)      2,5     2,7   3,0   4,2   3,8   1,8   2,3  
Earnings yield (%)      7,3     7,8   9,2   12,2   10,9   5,2   6,9  
Number of shares in issue (millions)
(excluding treasury shares) 
    919     920   921   796   794   797   796  
Volume of shares
traded (millions) 
    25     34   32   38   58   37   23  
Value of shares
traded (R000’s) 
    115 085     128 853   111 034   103 082   227 713   190 352   94 921  
Volume of shares traded as a % of total issued shares       2,4     3,2   3,4   4,8   7,3   4,6   2,9  
+Excluding treasury shares.