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FINANCIALS
ADDITIONAL INFORMATION US$
TRENCOR LIMITED AND SUBSIDIARIES
UNAUDITED INCOME STATEMENT FOR THE YEAR
ENDED 31 DECEMBER 2005
| | 2005 |
2004 |
| | | RESTATED |
| | US$M | US$M |
| REVENUE | | 305,6 |
243,1 |
| CONTINUING OPERATIONS | | |
|
| TRADING PROFIT BEFORE ITEMS LISTED BELOW: | | 117,9 |
85,7 |
| EXCHANGE GAINS/(LOSSES) ARISING ON TRANSLATION | | 12,0 |
(12,0) |
| NET LONG-TERM RECEIVABLE VALUATION ADJUSTMENT | | 9,0 |
25,0 |
CHANGE IN DISCOUNT RATE RELATING TO AMOUNT
ATTRIBUTABLE TO THIRD PARTIES IN RESPECT OF
LONG-TERM RECEIVABLES | | – | (6,0) |
REALISED AND UNREALISED GAINS/(LOSSES)
ON DERIVATIVE INSTRUMENTS | | 4,5 | (0,9) |
| IMPAIRMENT OF PLANT AND EQUIPMENT | | (0,5) |
– |
| IMPAIRMENT OF GOODWILL | | – |
(0,8) |
| PROFIT FROM OPERATING ACTIVITIES | | 142,9 |
91,0 |
| NET INTEREST EXPENSE | | (42,6) | (29,2) |
| INTEREST EXPENSE | | (47,5) |
(30,7) |
| INTEREST INCOME | | 4,9 |
1,5 |
| EXCEPTIONAL ITEMS | | (0,7) | (4,9) |
| SHARE OF PROFIT OF ASSOCIATE |
| – |
0,5 |
| PROFIT BEFORE TAX | | 99,6 | 57,4 |
| INCOME TAX EXPENSE | |
(12,7) | (4,9) |
| PROFIT AFTER TAX FROM CONTINUING OPERATIONS |
|
86,9 | 52,5 |
| PROFIT FROM DISCONTINUED OPERATIONS |
| 0,9 |
– |
| PROFIT FOR THE YEAR |
| 87,8 |
52,5 |
| ATTRIBUTABLE TO: | | |
|
| EQUITY HOLDERS OF THE PARENT | | 55,7 | 30,3 |
| MINORITY INTEREST | |
32,1 | 22,2 |
| PROFIT FOR THE YEAR |
| 87,8 |
52,5 |
| WEIGHTED AVERAGE NUMBER OF SHARES IN ISSUE (MILLION) | | 155,0 | 153,8 |
| BASIC EARNINGS PER SHARE (US CENTS) | | |
|
| ENTITY AS A WHOLE | | 35,9 | 19,7 |
| CONTINUING OPERATIONS | | 35,3 | 19,7 |
| DISCONTINUED OPERATIONS | | 0,6 | – |
| DILUTED EARNINGS PER SHARE (US CENTS) |
|
| |
| ENTITY AS A WHOLE | | 30,8 | 19,7 |
| CONTINUING OPERATIONS | | 30,3 | 19,7 |
| DISCONTINUED OPERATIONS | | 0,5 | – |
| UNDILUTED HEADLINE EARNINGS PER SHARE (US CENTS) | | 33,1 | 21,9 |
| DILUTED HEADLINE EARNINGS PER SHARE (US CENTS) | | 28,4 |
21,9 |
| UNDILUTED ADJUSTED HEADLINE EARNINGS PER SHARE (US CENTS) | | 36,1 | 23,8 |
| YEAR-END RATE OF EXCHANGE: SA RAND TO US DOLLAR | | 6,31 |
5,61 |
| AVERAGE RATE OF EXCHANGE FOR THE YEAR: SA RAND TO US DOLLAR | | 6,33 | 6,36 |
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