Seven-year review

  Twelve
months to
March
2018
Rm
Twelve
months to
March
2017
Rm
Twelve
months to
March
2016
Rm
Six
months to
March
2016
Rm
Twelve
months to
September
2015
Rm
Twelve
months to
September
2014
Rm
Twelve
months to
September
2013
Rm
 
Total assets 16 206 18 035 16 389 16 389 15 257 11 575 8 876  
Net working capital(a) 1 165 1 449 1 119 1 119 978 1 086 1 363  
Total equity 7 888 8 385 3 563 3 563 3 164 2 418 2 142  
Gross borrowings 4 682 5 736 9 171 9 171 8 221 6 091 4 046  
EBITDA interest cover (times) 2,79 2,79 4,17 3,46 4,56 4,67 6,04  
Gross debt to EBITDA (times)(b) 2,49 2,78 3,85 3,85 3,48 2,58 1,66  
Number of years to repay interest-bearing borrowings(b) 3,27 6,72 5,98 5,98 4,45 3,56 1,91  
Revenue 10 271 9 641 9 187 4 501 9 227 9 039 8 316  
Recurring EBITDA(c) 2 196 2 074 2 385 1 157 2 424 2 374 2 504  
EBITDA(c) margin (%) 21,38 21,40 26,00 25,70 26,27 26,26 30,11  
Effective rate of taxation (%) 67,9 85,0 34,4 30,8 36,61 30,10 35,80  
Recurring EPS(c) 29 47 111 56 148 175 214  
Recurring HEPS(c) 27 47 110 56 149 175 215  
Dividends per share(c) 33 57 114 156  
Dividend cover (times) 3,5 2,33 1,50 1,14  
Cash generated from operations 2 300 1 871 2 389 813 2 716 2 583 2 885  
Cash conversion ratio 1,22 0,91 1,00 0,70 1,10 1,10 1,20  
Dividends paid 0 8 321 185 559 880 770  
Investment in property, plant, equipment and intangible assets 927 2 077 3 072 1 188 2 892 2 182 970  
Investment in subsidiaries and equity-accounted investments 42 18 75 75 108 665 266  
Shares in issue (million) 1 513 1 592 607 667 605 605 605  
Weighted average ordinary shares in issue during the year (000) 1 510 163 1 137 338 680 086 526 076 526 022 526 180 522 678  
(a) Net working capital is calculated as inventory plus trade and other receivables (net trade receivables, other financial receivables and prepayments) less trade and other payables (trade payables and accruals and other financial payables).
(b) March 2016 calculated on a rolling 12-month period for EBITDA and cash from operations.
(c) Recurring EBITDA calculated by adjusting EBITDA for non-recurring items.