Group
Financial
Highlights
Earnings Per Share ($)
+2%
from FY 2013
No significant dilution in Earnings Per Share because no major capital call was made since 1997.
Return On Equity (%)
-4%
from FY 2013
Despite higher net profits, Return On Equity decreased due to higher equity.
Net Asset Value Per Share ($)
+7%
from FY 2013
Increased 7% from FY 2013's $5.37 per share.
Economic Value Added ($ million)
+56%
from FY 2013
The record high Economic Value Added was due mainly to higher gains from divestment of assets.



Group Quarterly Results ($ million)
  2014 2013
                     
  1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total
Revenue 2,996 3,177 3,185 3,925 13,283 2,759 3,076 2,947 3,598 12,380
EBITDA 478 533 632 996 2,639 451 482 633 811 2,377
Operating Profit 415 467 565 926 2,373 397 423 568 746 2,134
Profit before tax 492 593 642 1,162 2,889 496 519 670 1,109 2,794
Net profit 339 406 414 726 1,885 357 347 457 685 1,846
Earnings per share (cents) 18.7 22.3 22.9 39.9 103.8 19.8 19.2 25.3 38.0 102.3


  2014 2013 % Change
       
For the year ($ million)      
Revenue 13,283 12,380 +7%
Profit      
    EBITDA 2,639 2,377 +11%
    Operating 2,373 2,134 +11%
    Before tax 2,889 2,794 +3%
    Net profit 1,885 1,846 +2%
Operating cash flow 5 637 -99%
Free cash flow* 729 654 +11%
Economic Value Added (EVA) 1,778 1,142 +56%
       
Per share      
Earning ($) 1.04 1.02 +2%
Net assets ($) 5.73 5.37 +7%
Net tangible assets ($) 5.67 5.32 +7%
       
At year-end ($ million)      
Shareholders' funds 10,381 9,701 +7%
Non-controlling interests 4,347 3,988 +9%
Capital employed 14,728 13,689 +8%
Net debt 1,647 1,535 +7%
Net gearing ratio (times) 0.11 0.11 -
       
Return on shareholders' funds (%)      
Profit before tax 22.4 23.0 -3%
Net profit 18.8 19.5 -4%
       
Shareholders' value      
Distribution (cents per share)      
    Interim dividend 12.0 10.0 +20%
    Final dividend 36.0 30.0 +20%
    Special dividend in specie - 9.5 -100%
    Total distribution 48.0 49.5 -3%
Share price ($) 8.85 11.19 -21%
Total Shareholder Return (%) (17.8) 9.0 n.m.
n.m. = not meaningful
* Free cash flow excludes expansionary acquisitions and capex, and major divestments.