CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE

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    %
change
  Unaudited
December
2011
R’000
  Unaudited
December
2010
R’000
  Audited
June
2011
R’000
 
  Revenue 16,5   8 383 564   7 194 510   14 766 631  
  Operating profit non-trading items (23,6)   465 269   609 046   1 090 049  
  Impairment of goodwill     (18 125)   (29 139)   (36 266)  
  Fair value adjustment to investments     (82)     97  
  Impairment of loan     (3 000)   (65 867)   (65 867)  
  Profit on disposal of investments     41 903   57 921   57 921  
  Share-based payment expense     (5 131)   (4 892)   (32 418)  
  Operating profit (15,2)   480 834   567 069   1 013 516  
  Share of profit and losses in associates     (17 010)   (38 947)   (51 388)  
  Income from investments     94 054   116 633   224 727  
  Operating income     557 878   644 755   1 186 855  
  Finance costs     (6 364)   (6 655)   (18 089)  
  Profit before taxation     551 514   638 100   1 168 766  
  Taxation     (168 865)   (199 634)   (380 000)  
  Profit for the period (12,7)   382 649   438 466   788 766  
  Operating margin     5,5%   8,5%   7,4%  
  Profit attributable to:                
  Equity shareholders of Wilson Bayly Holmes-Ovcon Limited     360 626   395 863   733 475  
  Non-controlling interests     22 023   42 603   55 291  
        382 649   438 466   788 766  
  Reconciliation of headline earnings                
  Attributable profit     360 626   395 863   733 475  
  Adjusted for:                
  Impairment of goodwill     18 125   29 139   36 266  
  Impairments included in share of profit and losses in associates     1 498      
  Profit on disposal of investments included in share of profits and losses in associates     (1 024)      
  Impairment of loan     3 000     65 867  
  Profit on disposal of investments     (41 903)   (57 921)   (57 921)  
  Loss/(profit) on disposal of property plant and equipment     700   (3 544)   (2 502)  
  Tax effect thereof     5 328   11 049   (412)  
  Headline earnings as published (7,5)   346 350   374 586   774 773  
  Impairment of loan       65 867    
  Tax effect thereof       (9 221)    
  Headline earnings as restated (19,7)   346 350   431 232   774 773  
  Ordinary shares                
  Issued (’000)     66 000   66 000   66 000  
  Weighted average number of shares (’000)     54 727   54 886   54 727  
  Diluted weighted average number of shares (’000)     54 917   55 388   55 237  
  Earnings per share (cents) (8,6)   659,0   721,2   1 340,2  
  Diluted earnings per share (cents)     656,7   714,7   1 327,9  
  Headline earnings per share (cents)     632,9   682,5   1 415,7  
  Headline earnings per share as restated (cents) (19,5)   632,9   785,7   1 415,7  
  Diluted headline earnings per share (cents)     630,7   676,3   1 402,4  
  Diluted headline earnings per share as restated (cents)     630,7   778,6   1 402,4  
  Dividend per share (cents)     110,0   110,0   330,0