Alexander Forbes  

Reviewed results for Alexander Forbes Preference Share Investments Limited and
Alexander Forbes Equity Holdings (Pty) Limited
for the period ended 31 March 2008

 
             
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Equity Holdings (Pty) Ltd

 

Abridged consolidated income statement

 
for the thirteen months ended 31 March 2008
(including eight months of consolidated trading results for the acquired Alexander Forbes group)
  Notes  31 March 
2008 
Rm 
 
Income from continuing operations 3  3,465   
Operating expenses and other costs detailed below   (2,959)  
Operating profit   506   
Analysed as follows:      
Trading result from continuing operations   719   
Consolidation of group cell captive insurance arrangement   (41)  
Operational profits available to service net finance costs   678   
Non-cash amortisation of intangible assets arising from business      
combinations   (124)  
One-off costs resulting from acquisition of Alexander Forbes group   (87)  
Capital gains net of impairment charges   39   
Operating profit as defined under IFRS   506   
Net finance costs (515)  
Share of associates profits    
Loss before taxation   (6)  
Taxation   (109)  
Loss from continuing operations   (115)  
Loss from discontinued operations   (16)  
Attributable loss for the period   (131)  
Attributable to:      
Ordinary shareholders   (165)  
Minority interests   34   
    (131)  
Headline earnings per ordinary share (cents) 6  (50)  
Basic earnings per ordinary share (cents)   (44)  
Number of ordinary shares (millions)      
Issued   377   
Weighted average (from effective date)   377