ABOUT BARLOWORLD
GROUP FINANCIAL REVIEW
OPERATIONAL REVIEWS
DIVIDEND DECLARATION
CONDENSED CONSOLIDATED
INCOME STATEMENT
CONSOLIDATED
BALANCE SHEET
CONDENSED CONSOLIDATED
CASH FLOW STATEMENT
CONSOLIDATED
STATEMENT OF RECOGNISED
INCOME AND EXPENSE
CONDENSED NOTES TO
THE CONSOLIDATED
FINANCIAL STATEMENTS
SEGMENTAL SUMMARY
CORPORATE INFORMATION
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Notes to the condensed consolidated financial statements
Notes to the condensed consolidated financial statements
1. Basis of preparation
2. Reconciliation of net profit to headline earnings
3. Operating profit
4. Fair value adjustments on financial instruments
5. Finance costs
6. Exceptional items
7. Taxation
8. Interests of all shareholders
9. Investments in associates and joint ventures
10. Long-term financial assets
11. Discontinued operations and classified as held for sale
12. Acquisition of subsidiaries, investments and intangibles
13. Proceeds on disposal of subsidiaries, investments and intangibles
14. Net investment in rental assets and car hire vehicles Rental assets
15. Cash and cash equivalents
16. Commitments
17. Contingent liabilities
18. Related party transactions
19. Comparative information
20. Auditor's review
19.
Comparative information
The March 2008 comparative information has been reclassified for the treatment of car rental Scandinavia as
a discontinued operation.
The aggregate effect of the above changes on the annual financial statements for the period ended
31 March 2008:
Reclassification
Previously
of discontinued
R million
stated
operation
Restated
Income statement
Revenue
21 691
(508)
21 183
Operating profit
1 279
33
1 312
Fair value adjustments on financial instruments
69
69
Finance costs
(395)
28
(367)
Income from investments
79
(3)
76
Profit before exceptional items
1 032
58
1 090
Exceptional items
(59)
33
(26)
Profit before taxation
973
91
1 064
Taxation
(333)
(14)
(347)
Profit after taxation
640
77
717
Income from associates and joint ventures
18
18
Net profit from continuing operations
658
77
735
Profit from discontinued operations
384
(77)
307
Net profit for the period
1 042
1 042
Attributable to:
Minority shareholders
8
8
Barloworld Limited shareholders
1 034
1 034
1 042
1 042
Earnings per share (cents) basic
506,4
506,4
Earnings per share (cents) diluted
498,6
498,6
Earnings per share from continuing
operations (cents)
Earnings per share (cents) basic
318,8
37,7
356,5
Earnings per share (cents) diluted
313,9
37,2
351,1
Earnings per share from discontinued
operations (cents)
Earnings per share (cents) basic
187,6
(37,7)
149,9
Earnings per share (cents) diluted
184,7
(37,1)
147,6
The restatement has not affected the balance sheet for 31 March 2008.
The restatements have not impacted on cash flows.