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NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
| 18. | COMPARATIVE INFORMATION | ||||
| The March 2007 comparative information has been reclassified for the treatment of the Cement and Coatings segments as discontinued operations due to their unbundlings in July 2007 and December 2007 respectively. The September 2007 comparatives have similarly been reclassified for the treatment of the Coatings segment as a discontinued operation. Both periods have also been reclassified for the treatment of intergroup interest received from Leasing operations, which from the current year has been offset against finance costs rather than as an addition to income from investments. | |||||
| The aggregate effect of the above changes on the annual financial statements for the period ended 31 March 2007: | |||||
Reclassification |
|||||
of intergroup |
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Reclassification |
interest from |
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Previously |
of discontinued |
Leasing |
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| R million | stated |
operations |
operations |
Restated |
|
| Income statement | |||||
| Revenue | 24 324 |
(4 323) |
20 001 |
||
| Operating profit | 2 157 |
(1 170) |
987 |
||
| Fair value adjustments on financial instruments | (12) |
9 |
(3) |
||
| Finance costs | (401) |
57 |
48 |
(296) |
|
| Income from investments | 160 |
(54) |
(48) |
58 |
|
| Profit before exceptional items | 1 904 |
(1 158) |
746 |
||
| Exceptional items | (190) |
(3) |
(193) |
||
| Profit before taxation | 1 714 |
(1 161) |
553 |
||
| Taxation | (797) |
456 |
(341) |
||
| Profit after taxation | 917 |
(705) |
212 |
||
| Income from associates and joint ventures | 20 |
(10) |
10 |
||
| Net profit from continuing operations | 937 |
(715) |
222 |
||
| Profit from discontinued operations | 28 |
715 |
743 |
||
| Net profit for the period | 965 |
– |
965 |
||
| Attributable to: | |||||
| Minority shareholders | 179 |
179 |
|||
| Barloworld Limited shareholders | 786 |
786 |
|||
965 |
– |
965 |
|||
| Earnings per share (cents) – basic | 389,7 |
389,7 |
|||
| Earnings per share (cents) – diluted | 384,4 |
384,4 |
|||
| Earnings per share from continuing operations (cents) | |||||
| Earnings per share (cents) – basic | 375,8 |
(267,2) |
108,6 |
||
| Earnings per share (cents) – diluted | 370,7 |
(263,6) |
107,1 |
||
| Earnings per share from discontinued operations (cents) | |||||
| Earnings per share (cents) – basic | 13,9 |
267,2 |
281,1 |
||
| Earnings per share (cents) – diluted | 13,7 |
263,6 |
277,3 |
||
| The aggregate effect of the above changes on the annual financial statements for the year ended | |||||
| 30 September 2007: | |||||
| Income statement | |||||
| Revenue | 43 238 |
(2 347) |
40 891 |
||
| Operating profit | 2 741 |
(383) |
2 358 |
||
| Fair value adjustments on financial instruments | 287 |
8 |
295 |
||
| Finance costs | (816) |
18 |
97 |
(701) |
|
| Income from investments | 272 |
(9) |
(97) |
166 |
|
| Profit before exceptional items | 2 484 |
(366) |
2 118 |
||
| Exceptional items | (160) |
(160) |
|||
| Profit before taxation | 2 324 |
(366) |
1 958 |
||
| Taxation | (809) |
112 |
(697) |
||
| Profit after taxation | 1 515 |
(254) |
1 261 |
||
| Income from associates and joint ventures | 68 |
(15) |
53 |
||
| Net profit from continuing operations | 1 583 |
(269) |
1 314 |
||
| Profit from discontinued operations | 976 |
269 |
1 245 |
||
| Net profit for the period | 2 559 |
– |
2 559 |
||
| Attributable to: | |||||
| Minority shareholders | 289 |
289 |
|||
| Barloworld Limited shareholders | 2 270 |
2 270 |
|||
2 559 |
– |
2 559 |
|||
| Earnings per share (cents) – basic | 1 120,0 |
1 120,0 |
|||
| Earnings per share (cents) – diluted | 1 099,6 |
1 099,6 |
|||
| Earnings per share from continuing operations (cents) | |||||
| Earnings per share (cents) – basic | 773,7 |
(130,3) |
643,4 |
||
| Earnings per share (cents) – diluted | 759,6 |
(127,9) |
631,7 |
||
| Earnings per share from discontinued operations (cents) | |||||
| Earnings per share (cents) – basic | 346,3 |
130,3 |
476,6 |
||
| Earnings per share (cents) – diluted | 340,0 |
127,9 |
467,9 |
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| The restatements have not affected the balance sheets for 31 March and 30 September 2007. The restatements have not impacted on cash flows. | |||||