Senwes Integrated Reports Senwes 2013/2014 Integrated Report | Page 48

FINANCIAL AND
OPERATING RATIOS
5 year
compounded
annual growth %
2014
2013
2012
2011
2010
FINANCIAL GROWTH (PERCENTAGE)
10.5 2.7 19.2 8.6 11.1 11.7
Total shareholder interest 7.7 2.6 15.8 11.9 16.1 (6.0)
Interest–bearing liabilities 22.3 10.0 23.8 2.9 17.0 66.8
0.6 (17.3) 16.9 57.3 (16.5) (19.0)
Total assets
Total revenue from continuing operations
Profit before tax
Normalised headline earnings per share
Net asset value per share
(8.8) (18.7) 12.4 13.5 (3.9) (36.9)
(12.3) (35.1) 14.8 14.3 1.5 (39.9)
9.0 8.3 16.9 11.2 16.1 (6.0)
15.6 (11.8) 39.7 32.7
1.7 71.4 (75.0) 125.8
Closing market price per share 14.3 3.4
Total dividends for the year (5.0) (21.3)
PERFORMANCE OF ORDINARY SHARES
Number of ordinary shares ('m)
Weighted average number in issue 172.38 180.46 180.79 180.79 180.79
Number in issue at year-end 169.29 178.99 180.79 180.79 180.79
(6.7) 143.9 168.9 146.0 121.1 115.6
(12.3)
9.0
14.3 99.0
958.1
1 075.0
48.0 152.4
884.4
1 040.0
61.0 132.8
756.7
900.0
60.0 116.2
680.3
1 020.0
35.0 114.4
585.8
730.0
140.0
22.0
26.0
- 31.0
26.0
4.0 15.0
45.0
- 25.0
10.0
- 15.0
25.0
100.0
112.2 117.6 118.9 149.9 124.6
4.6 6.8 5.9 4.8 25.5
Cents per share
Earnings
Normalised headline earnings
Net asset value
Closing market price
Total dividends for the year
Final dividend declared
Interim dividend paid
Special dividend paid
Percentage
Price book ratio
Dividend yield, including special dividends
Dividend yield, excluding special dividends 4.6 6.3 5.9 4.8 7.3
Dividend yield on average market price, including special dividends 4.5 6.3 6.3 4.0 21.9
7.5 6.2 6.2 8.4 6.3
Times
Price earnings ratio
Dividend cover, including special dividends 3.0 2.8 2.4 3.5 0.8
Dividend cover, excluding special dividends 3.0 3.0 2.4 3.5 2.9
SHAREHOLDER RETURN (%)
Return on opening equity 15.7 22.3 21.5 20.7 18.6
Return on average equity 15.5 20.7 20.3 19.1 19.1
8.0
7.8 22.3
20.7 (5.9)
(6.3) 44.5
37.1 58.2
50.0
Total shareholder return (dividends & capital growth)
Total shareholder return (on average market price)
PRODUCTIVITY
Asset velocity (times) * 2.8 3.8 3.7 2.6 3.4
Revenue/equity (times) * 7.0 8.7 8.6 6.1 8.5
1 443 2 124 2 170 2 201 2 277
Number of employees
Operating profit per employee (R’000) 310 237 206 194 181
Return on total assets - EBIT (%) 11.0 12.7 13.5 14.0 14.9
Operating profit as % of income* 3.9 3.6 3.8 5.7 4.6
Effective tax rate (%) 25 25 27 31 37
SOLVENCY AND LIQUIDITY
Equity as % net assets 45 47 49 47 47
Equity as % of total assets (own capital ratio) 40 40 41 40 38
118 109 103 112 109
33 41 41 39 51
(79)
Gearing ratio (%)
Non-interest-bearing liabilities as % of equity
(124) (104) (89) (113) Interest cover - EBITDA (times) 4.0 5.3 5.4 4.1 5.4
Current ratio 1.7 2.3 1.7 1.8 1.8
Quick asset ratio 1.3 1.6 1.3 1.1 1.1
Financing cost paid (R 'm)
46
* Revenue from continuing operations used