2004
2003
GROUP SUMMARY (R MILLIONS)
Revenue
8 424
10 111
EBIT
421
633
Attributable earnings
484
574
Total assets
6 057
6 303
Operating cash flow
289
357
Value created
2 613
2 913
Payroll costs
1 818
1 899
Total number of employees
13 149
15 827
ORDINARY SHARE PERFORMANCE (CENTS)
Headline earnings per share
158
186
Diluted headline earnings per share
155
181
Earnings per share
152
181
Diluted earnings per share
149
176
Operating cash flow per share
87
107
Net asset value per share 30 June
785
748
Market price per share 30 June
1 295
1 110
Dividend per share
45,0
52,5
FINANCIAL STATISTICS
Operating margin (EBIT on revenue) (%)
5,0
6,3
Attributable earnings on average shareholders funds (%)
19,0
22,4
Interest cover (times)
8,2
7,0
RATIOS (TIMES)
Debt/equity
0,29
0,38
Current
1,30
1,36
Financial Highlights
Construction
& engineering
17
65
EBIT
excluding corporate
(%)
Construction
materials
& services
Fabrication &
manufacture
42
15
36
Revenue
excluding corporate
(%)
Construction
& engineering
Construction
materials
& services
Fabrication &
manufacture
49
17
29
Assets
excluding corporate
(%)
Construction
& engineering
Construction
materials
& services
Fabrication &
manufacture
28
Pacific Rim/
Southeast Asia
Africa other
South Africa
2
10
12
Revenue geographic
(%)
Europe
75
1
Middle East
Assets geographic
(%)
South Africa
Africa other
Middle East
Pacific Rim/
Southeast Asia
79
631
11
Europe