Senwesbel Annual Reports Senwesbel 2014/2015 Interim Results | Page 2

Condensed Consolidated Statement of Comprehensive Income 12 Months ended 30 April 6 Months ended 31 October 2014 Unaudited R’m 2013 Unaudited R’m 2014 Audited R’m 5 302 5 027 11 476 and amortisation (EBITDA) 263 287 517 Depreciation and amortisation (19) (17) (36) Operating profit before finance charges (EBIT) 244 270 481 Revenue from continuing operations Operating profit before depreciation Finance charges (56) (63) (128) Profit after finance charges 188 207 353 Share of profit from associates and joint ventures (19) 9 7 Profit before tax from continuing operations 169 216 360 Taxation (47) (49) (80) 122 167 280 Profit for the year after tax from continuing operations Profit after tax from discontinued operations to be transfered to merger entity (11) (2) (40) Profit for the year 111 165 240 Other comprehensive income recyclable to profit or loss, net of tax Fair value adjustment available-for-sale financial asset 2 - 1 Exchange difference on translation difference of - 3 3 113 168 244 Equity holders of the parent 57 91 133 Non-controlling interest 54 74 107 Equity holders of the parent 59 93 135 Non-controlling interest 54 75 109 57 91 133 (4) foreign operations Total comprehensive income for the year after tax Profit attributable to: Total comprehensive income attributable to: Earnings and normalised headline earnings Earnings per statement of comprehensive income Adjustments: Profit on foreign exchange (1) - (Loss) / profit from sale of property, plant and equipment 1 - (1) Profit from merger of retail business - (64) (71) Impairment of investments and loans 7 3 25 Restructuring costs 2 3 9 Other/non-recurring events (1) 11 - Normalised headline earnings 65 44 91 Weighted average number of shares in issue (‘000) 119 949 119 949 119 949 Earnings per share (cents) 47,5 75,9 110,9 Normalised headline earnings per share (cents) 54,2 36,7 75,9 16 24 39 - - 15 Dividends per share Dividends (cents) Final dividend Interim dividend Net asset value per share (cents) 1 16 24 24 1 033 1 018 996