Gert GouwsChief Financial Officer
2005/20062005/2006Financial ResultsFinancial Results
Abridged Group Income StatementAbridged Group Income Statementfor the Year Ended 31 March 2006for the Year Ended 31 March 2006
20062006
9 months 9 months
Ended 31 Ended 31
March 2005March 2005
Revenue Revenue 4 524 4 524
2 8062 806Cost of Sales 1 928 1 191
R’ millions
Financing Expenses 495 338GROSS PROFIT 2 101 1277
Other Income 55 60Operating Expenses 2 119 1 560
NET OPERATING INCOME 378 1 037Share of equity-accounted investments
417 266
NET PROFIT BEFORE TAX 795 1
303
Taxation 42
117PROFIT FOR THE PERIOD 753 1 186
Net Capital Gains 341 1 260
Analysis of Income Statement ItemsAnalysis of Income Statement Itemsfor the Year Ended 31 March 2006for the Year Ended 31 March 2006
20062006 9 Months 9 Months
Ended 31 Ended 31
March 2005March 2005
1 7102 612
15646
4 5244 524
1 2601 372
118
5656
2 8062 806
RevenueRevenue
Financing Activities FoskorPrilla 2000Other subsidiaries
R’ millions%%
369032
(18)
61
243(1)
(38)
21
%
Prior Year
Annualised
Analysis of Income Statement ItemsAnalysis of Income Statement Itemsfor the Year Ended 31 March 2006for the Year Ended 31 March 2006
%
R’millions 2006 9 Months Ended Prior Year
31 March 2005 % Annualised
645 575 12 (16)
Impairments - Financing book 429 256
68 26
- Foskor - 300
Project Feasibility Expenses 216 19
2 119 1 560 36
2
Operating Expenses
Financing Activities 630 466 35 1Foskor 744 433 72 29Prilla 2000 74 57 30 (3)Other 26 29 (10) (33)
1 474 985 50 12
20062006
Analysis of Income Statement ItemsAnalysis of Income Statement Itemsfor the Year Ended 31 March 2006for the Year Ended 31 March 2006
R’ millions9 Months 9 Months
EndedEnded 31 31
MarchMarch20052005
%%% Prior
YearAnnualis
ed
(645)
- Impairments and Project
Feasibility Expenses- Net Capital Gains
326 630
Net Operating IncomeNet Operating Income
Financing Activities- Before items below
1 189
504504
(575)(575)
1 2601 260
(73) 25
12
(73)
(79) (6)
(16)
(80)
341
76
(12)
(12)
378
FoskorPrilla 2000Other Subsidiaries
(132)(132)
(5)(5)
(15)(15)
1 0371 037
158
(140)
2020
(64)(64)
143
(80) 40
(73)(73)
Analysis of Net Profit / (Loss) Analysis of Net Profit / (Loss) (R’mil)(R’mil)
-500
0
500
1000
1500
2000
1999/00 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06
753666
(258)
1 831
787697
1 186
Abridged Group Balance SheetAbridged Group Balance Sheetas at 31 March 2006as at 31 March 2006
Debt/Equity Ratio 14%14% 16%16%
Equity and LiabilitiesEquity and LiabilitiesCapital and reservesLong-term loansDeferred taxationOther liabilities
38 984
5 525
1 9971 649
48 48
155155
30 091
4 840676
1 343
36 36
950950
2006
35 137
5 4763 0463 558
938
48 48
155155
24 841
5 7083 1352 0811 185
36 36
950950
AssetsAssetsInvestmentsLoans and advancesProperty, plant & equipment & InventoriesCash and cash equivalentsOther assets
20052005R’ millions
Accounted for in Changes in EquityAccounted for in Changes in EquityStatementsStatements
31 March 31 March
2006200631 March 31 March
20052005
9 270(1215)
4 993(944)
Revaluation of investments to fair valueDeferred Tax
65 60Dividends Paid
R’ millions
Strengthened Financial BaseStrengthened Financial Base
0
5
10
15
20
25
30
35
40
45
1999/00 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06
Cap
ital a
nd R
eser
ves
(R'b
n)
10
15
20
25
30
35
40
45
Deb
t /
Equi
ty r
atio
(%
)
Fair value revaluationExcl. fair value revaluationDebt/Equity ratio
Thank youThank you