BASIL READ HOLDINGS LIMITED BASIL READ HOLDINGS LIMITED
Incorporated in the Republic of South Africa (Registration number 1984/007758/06)
(ìBasil Readî or ìthe companyî) ISIN: ZAE000029781
Share code: BSR
REVIEWED PROVISIONAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2015 KEY RESULTS
Revenue from continuing operations R5.5 billion (2014: R6.3 billion)
Headline earnings per share from continuing operations 143.87 cents
(2014: headline loss per share of 292.08 cents)
Order book R10.7 billion (2014: R10.5 billion)
Return on equity 15.2% (2014: (51.9%))
Profit after tax R171.2 million
(2014: loss after tax of R820.9 million)
Safety 4 fatalities (2014: 2 fatalities)
Condensed consolidated income statement Reviewed Audited
12 months 12 months
31 December 31 December
2015 2014
Rí000 Rí000
Continuing operations Revenue
5 519 979 6 261 441
Operating profit/(loss) for the year 226 197 (803 289)
Finance income
21 077 30 206
Finance costs
(56 468) (52 705)
Share of profits of investments accounted for using the equity method 40 536 31 736
Profit/(loss) for the year before taxation 231 342 (794 052)
Taxation
(39 704) 147 916
Profit/(loss) for the year after taxation 191 638 (646 136)
Discontinued operations
Net loss for the year from discontinued operations (20 425) (174 743)
Net profit/(loss) for the year 171 213 (820 879)
Profit/(loss) for the year attributable to the following: Equity shareholders of the company
180 761 (789 938)
Non-controlling interests (9 548) (30 941)
Net profit/(loss) for the year 171 213 (820 879)
Earnings/(loss) per share (cents) 137.27 (599.86)
Diluted earnings/(loss) per share (cents) 137.27 (599.86)
Earnings/(loss) per share from continuing operations (cents) 152.78 (467.16)
Diluted earnings/(loss) per share from continuing operations (cents) 152.78 (467.16)
Loss per share from discontinued operations (cents) (15.51) (132.70)
Diluted loss per share from discontinued operations (cents) (15.51) (132.70)
Condensed consolidated statement of comprehensive income Reviewed Audited
12 months 12 months
31 December 31 December
2015 2014
Rí000 Rí000
Net profit/(loss) for the year 171 213 (820 879)
Other comprehensive income for the year:
Items that will not be reclassified to profit or loss
- -
Items that may be subsequently reclassified to profit or loss 16 787 12 860
Movement in foreign currency translation reserve 16 811 12 936
Movement in fair value adjustment reserve (24) (76)
Total comprehensive income/(loss) for the year 188 000 (808 019)
Total comprehensive income/(loss) for the year attributable to the following:
Equity shareholders of the company 198 738 (775 921)
Retained income
180 761 (789 938)
Other reserves
17 977 14 017
Non-controlling interests (10 738) (32 098)
Total comprehensive income/(loss) for the year 188 000 (808 019)
Condensed consolidated statement of financial position Reviewed Audited
31 December 31 December
2015 2014
Rí000 Rí000
ASSETS
Non-current assets
1 500 501 1 669 708
Property, plant and equipment 915 856 1 080 248
Investment property
6 590 5 826
Intangible assets
91 640 99 938
Investments accounted for using the equity method 136 400 131 800
Available-for-sale financial assets 51 289 51 289
Deferred income tax asset 298 726 300 607
Current assets
2 017 657 2 552 957
Inventories
25 939 33 067
Development land
262 679 268 022
Trade and other receivables 769 586 905 494
Work in progress
433 237 378 466
Current income tax asset 19 371 57 093
Cash and cash equivalents 506 845 910 815
Non-current assets held-for-sale 104 203 53 112
3 622 361 4 275 777
EQUITY AND LIABILITIES
Capital and reserves
1 223 552 1 035 552
Stated capital
1 048 025 1 048 025
Retained income
155 720 61 513
Other reserves
41 983 24 006
Non-controlling interests (22 176) (97 992)
Non-current liabilities 221 087 259 965
Interest-bearing borrowings 182 134 215 898
Deferred income tax liability 38 953 44 067
Current liabilities
2 155 388 2 970 241
Trade and other payables 734 163 1 180 249
Amounts due to customers 715 432 1 102 385
Current portion of borrowings 157 798 273 594
Provisions for other liabilities and charges 497 523 318 766
Current income tax liability 15 034 5 011
Bank overdraft
35 438 90 236
Liabilities directly associated with non-current assets classified as held-for-sale
22 334 10 019
3 622 361 4 275 777
Condensed consolidated statement of changes in equity Reviewed Audited
12 months 12 months
31 December 31 December
2015 2014
Rí000 Rí000
Issued capital Ordinary share capital
Balance at the beginning and end of the year
Basil Read Holdings Limited issued this content on 30 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 March 2016 08:10:03 UTC
Original Document: http://www.basilread.co.za/downloads/sens/2016/30March/BSR Reviewed provisional results for the year ended 31 December 2015.pdf
