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UNAUDITED TRENCOR CONDENSED CONSOLIDATED INCOME STATEMENT IN US DOLLARS
for the year ended 31 December 2008

 

In order to provide a better appreciation of the results of the group’s activities, condensed consolidated income statements and balance sheets are also presented in US dollars, as virtually all of the group’s revenue and assets and much of its expenditure are denominated in that currency. The amounts stated in US dollars have been prepared by management and are unaudited.
         
    Unaudited   Unaudited
US$ Million 2008   2007
Revenue 278,5   247,8
Continuing operations      
Trading profit 141,3   132,1
Net long-term receivables fair value adjustment 12,3   8,4
Impairment of goodwill (14,5)  
Impairment of plant and equipment (0,5)   (0,6)
Profit from operations 138,6   139,9
Net finance costs (41,0)   (35,4)
   Finance expense – Interest expense (26,0)   (37,1)
  – Losses on derivative financial instruments (21,1)   (5,1)
   Finance income 6,1   6,8
Exceptional item   28,4
Profit before tax 97,6   132,9
Income tax expense (3,9)   (11,5)
Profit after tax from continuing operations 93,7   121,4
Discontinued operations      
(Loss)/Profit for the year from discontinued operations (net of income tax) (10,6)   19,1
Profit for the year 83,1   140,5
Attributable to:      
Equity holders of the company 51,4   97,7
Minority interest 31,7   42,8
    83,1   140,5
Number of shares in issue (million) 187,4   187,3
Weighted average number of shares in issue (million) 187,3   187,2
Basic earnings/(loss) per share (US cents)      
   Entity as a whole 27,4   52,2
   Continuing operations 30,7   45,0
   Discontinued operations (3,3)   7,2
Diluted earnings/(loss) per share (US cents)      
   Entity as a whole 27,4   52,1
   Continuing operations 30,7   44,9
   Discontinued operations (3,3)   7,2
Headline earnings per share (US cents) 30,7   31,8
Diluted headline earnings per share (US cents) 30,7   31,8
Adjusted headline earnings per share (US cents) 31,3   30,7
Diluted adjusted headline earnings per share (US cents) 31,2   30,6
Year-end rate of exchange: SA rand to US dollar 9,27   6,78
Average rate of exchange for the year: SA rand to US dollar 8,12   7,02
Trading profit from continuing operations comprises:      
   Textainer 140,1   129,3
   Other 1,2   2,8
    141,3   132,1

 
 
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