|
| |
|
|
|
|
| |
|
2011 |
|
2010 |
| |
|
|
|
R'000 |
|
|
|
|
|
Revenue |
|
298 303 |
|
305 883 |
|
|
|
|
|
Operating profit |
|
25 794 |
|
36 402 |
Share of profit/(loss) of associate company |
|
51 |
|
7 |
Dividends from investments |
|
4501 |
|
101 |
Interest received |
|
911 |
|
401 |
Finance costs |
|
(4 353) |
|
(5 828) |
Capital Items |
|
93 741 |
|
13 188 |
Profit before taxation |
|
120 645 |
|
44 271 |
Taxation |
|
(7 439) |
|
(7 214) |
Profit for the year from continuing operations |
|
113 206 |
|
37 057 |
| (Loss)/profit for the year from discontinued operations |
|
- |
|
(16 797) |
| Profit for the year |
|
113 206 |
|
20 260 |
Other comprehensive income
|
|
|
|
|
| |
Investment revaluation |
|
1 542 |
|
305 |
| |
Exchange differences on translating foreign operations |
|
(2 646) |
|
(867) |
| Other comprehensive (loss)/income for the year |
|
(1 104) |
|
(562) |
| Total comprehensive income for the year |
|
112 102 |
|
19 698 |
Headline earnings |
|
25 250 |
|
11 133 |
| |
|
|
|
|
|
|
31 March |
|
31 March |
ASSETS |
|
2011 |
|
2010 |
| |
|
|
|
|
Property, plant and equipment |
|
177 847 |
|
159 790 |
Bearer biological assets |
|
101 730 |
|
79 153 |
Investments |
|
15 394 |
|
11 936 |
Other non-current assets |
|
650 |
|
- |
Current assets |
|
303 664 |
|
163 812 |
Assets classified as held for sale |
|
- |
|
116 078 |
Total assets |
|
599 285 |
|
530 769 |
| |
|
|
|
|
| EQUITY AND LIABILITIES |
|
|
|
|
| |
|
|
|
|
Capital and reserves |
|
439 056 |
|
341 705 |
Deferred taxation |
|
53 103 |
|
57 547 |
Long-term borrowings – interest bearing |
|
6 559 |
|
10 332 |
| Long-term liability – interest free |
|
41 076 |
|
16 550 |
Post-employment obligations |
|
16 190 |
|
14 377 |
Current liabilities – interest bearing |
|
22 546 |
|
62 112 |
Trade and other payables and provisions |
|
20 755 |
|
18 146 |
Liabilities associated with assets held for sale |
|
- |
|
10 000 |
Total equity and liabilities |
|
599 285 |
|
530 769 |
|
|
 |
|
31 March |
|
31 March |
|
|
2011 |
|
2010 |
| |
|
|
|
|
Cash generated from operations
|
|
41 561 |
|
40 301 |
|
|
(4 353) |
|
(5 828) |
|
|
(20 470) |
|
(12 552) |
Cash inflow from operating activities
|
|
16 738 |
|
21 921 |
|
|
(14 862) |
|
(20 188) |
Net cash (outflow)/inflow from operating activities
|
|
1 876 |
|
1 733 |
Net cash outflow from investing activities |
|
55 936 |
|
(16 462) |
Decrease/(Increase) in funding requirements |
|
57 812 |
|
(14 729) |
| |
|
|
|
|
 |
|
2011 |
|
2010 |
| SHARE PERFORMANCE |
|
|
|
|
|
| Headline earnings per share |
cents |
|
203,9 |
|
89,9 |
| Basic earnings per share |
cents |
|
911,0 |
|
166,7 |
| Dividends declared per share - ordinary |
cents |
|
110,0 |
|
70,0 |
| Dividends declared per share - special |
cents |
|
50,0 |
|
- |
| Dividends cover (headline earnings) |
times |
|
1,3 |
|
1,3 |
| Earnings yield (headline earnings) |
% |
|
5,7 |
|
2,0 |
| Dividend yield |
% |
|
4,4 |
|
1,6 |
| Net asset value per share |
cents |
|
3 545 |
|
2 759 |
| Market price per share: |
|
|
|
|
|
| - closing |
cents |
|
3 600 |
|
4 500 |
| - highest |
cents |
|
4 500 |
|
5 400 |
| - lowest |
cents |
|
3 050 |
|
4 000 |
| Closing price/net asset value per share |
% |
|
101,5 |
|
163,1 |
| Price/headline earnings ration at year end |
times |
|
17,7 |
|
50,1 |
| Shares in issue |
'000 |
|
12 385 |
|
12 385 |
| Volume of shares traded |
'000 |
|
314 |
|
380 |
| Number of share transactions |
|
|
191 |
|
141 |
| Value of shares traded |
R'm |
|
12,3 |
|
17,6 |
| Volume of shares traded/issued shares |
% |
|
2,5 |
|
3,1 |
|
| RETURNS AND PROFITABILITY |
|
|
|
|
|
| Returns on shareholders' funds |
% |
|
29,0 |
|
5,9 |
| Taxed return on net assets |
% |
|
25,7 |
|
4,9 |
| Pre-tax return on total assets |
% |
|
5,4 |
|
6,9 |
| Operating margin |
% |
|
8,6 |
|
11,9 |
|
| SOLVENCY AND LIQUIDITY |
|
|
|
|
|
| Total liabilities to total shareholders' funds |
% |
|
36,5 |
|
55,3 |
| Financial gearing ratio |
% |
|
6,6 |
|
21,2 |
| Current ratio |
times |
|
7,0 |
|
3,1 |
| Cash flow per share |
cents |
|
135,1 |
|
177,0 |
| Interest cover |
times |
|
7,0 |
|
6,3 |
| |
|
|
|
|
|
|
|
31 March |
|
31 March |
| |
|
2011 |
|
2010 |
Revenue |
|
|
|
|
Sugar cane |
|
171 858 |
|
179 094 |
Bananas |
|
50 359 |
|
54 430 |
Deciduous fruit |
|
45 937 |
|
50 209 |
| Grain & Sheep |
|
13 710 |
|
14 290 |
Other Operations/Sundry Income |
|
16 439 |
|
7 860 |
Total Continuing Operations |
|
298 303 |
|
305 883 |
|
|
|
|
|
Operating profit |
|
|
|
|
Sugar cane |
|
46 344 |
|
54 435 |
Bananas |
|
2 630 |
|
9 522 |
Deciduous fruit |
|
(586) |
|
(10 154) |
Grain and sheep |
|
4 572 |
|
4 358 |
Other operations/sundry income |
|
1 657 |
|
1 223 |
Total Continuing Operations |
|
54 617 |
|
59 384 |
| |
|
|
|
|
|
| |
ADMINISTRATION |
| |
|
|
Company registration number
1913/000290/06Share code
CKS
ISIN number
ZAE000001434 Auditors
Deloitte & Touche
Attorneys
Livingston Leandy Inc.
Bankers
Absa Bank Limited
FirstRand Bank Limited
Grindrod Bank Limited
Investec Bank Limited |
Transfer secretaries
Computershare Investor Services (Pty)
Limited
70 Marshall Street
Johannesburg, 2001
P O Box 61051
Marshalltown
2107
Telephone 011 370 5000
Telefax 011 688 5200
Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)
29 Scott Street
Waverly
2090 |
Company secretary
Highway Corporate Services (Pty) Limited
Registered office and postal address
Renishaw, KwaZulu-Natal
P O Renishaw
4181
Telephone 039 978 4600
Telefax 039 976 4628
Website
www.cbl.co.za |
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| |
|
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