Financial Overview

Key Ratios

  2016 2015 2014  **2013 **2012 **2011 **2010
Ratios and returns % % % % % % %
Operating profit to revenue 5,7 5,5 3,3  4,7  5,1 4,9 *9,1
Normalised operating profit 5,9 5,2 3,3  4,8  5,3 5,0 5,2
Return on net assets 13,2 13,5 8,6  13,1  14,9 15,0 *27,1
Return on net assets excluding exceptional items 13,5 12,7 8,6  13,4  15,2 15,4 15,5
Return on equity holders’ funds 12,9 14,5 8,6  11,9  11,3 12,9 *26,6
Return on equity holders’ funds excluding exceptional items 13,3 13,5 8,6  11,9  12,6 13,7 15,1
Gearing percentage (net of cash) 23,2 30,2 9,8  6,4  (14,2) (12,4) 21,4
Effective tax rate 24,5 22,5 20,9  29,3  39,6 34,6 38,7
  Times Times Times Times Times Times Times
Net asset turn 4,5 5,0 5,6  6,2  6,8 8,3 6,9
Current ratio 1,6 1,4 1,6  1,7  1,3 1,7 1,4
Employees statistics Number Number Number Number Number Number Number
Average number of employees 8 456 7 177 6 393  6 519  6 555 6 353 6 362
  R’000  R’000  R’000  R’000  R’000  R’000  R’000 
Revenue per employee 1 161,2 1 291,1 1 334,3 1 201,6 1 102 1 030 968
Operating profit per employee 66,8 70,9 44,2  57,0  57 50 88
Normalised operating profit 68,4 66,7 44,2  58,0  58 52 50
Average net assets per employee 323,6 338,4 343,2  307,7  278 223 201

 

# he number of ordinary shares have been adjusted for the two-for-one share split (4 November 2010).
* Includes R337,7 million (R227,1 million after tax) profit on sale of associate Danone Clover.
** From 2014 all joint ventures were equity accounted. The figures for 2013 were restated to show this effect. The figures from 2010 to 2012 have not been restated.