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SEVEN YEAR REVIEW

 
GROUP
  2008 2007 2006 2005 2004 2003 2002
CONSOLIDATED
INCOME STATEMENTS (Rm)
   
Revenue 7 618 6 937 5 949 5 139 4 476 4 214 3 719
EBITDA 2 836 2 561 2 015 1 672 1 407 1 283 962
Depreciation and amortisation (568) (518) (473) (439) (430) (424) (391)
Property and equipment rental (102) (74) (62) (71) (81) (86) (68)
Profit from operations 2 166 1 969 1 480 1 162 896 773 503
Foreign exchange profits/(losses) 58 (8) 41 18 (21) (18) 16
Interest income 79 77 74 73 59 53 23
Operating profits 2 303 2 038 1 595 1 253 934 808 542
Interest expense (571) (288) (232) (241) (277) (297) (295)
Profit before tax 1 732 1 750 1 363 1 012 657 511 247
Tax (714) (654) (502) (379) (235) (202) (94)
Profit after tax 1 018 1 096 861 633 422 309 153
Share of associates' (losses)/profits (1) 3 38 24
Minorities' interests (298) (282) (259) (202) (192) (147) (88)
Adjusted headline earnings 720 814 602 430 233 200 89
 
Notes:
All adjusted headline earnings adjustments have been included to provide a more meaningful comparison of historical operating performance. 
The 2002 to 2006 figures exclude KZL which has been accounted for as an investment.
The 2002 to 2006 figures excluded the results and earnings from SCE and SCME, as these have been classified as discontinuing operations. 
The 2004, 2005 and 2006 figures excluded the results and earnings from City Lodge, as these have been classified as discontinuing operations. 
The 2002 to 2004 depreciation and amortisation charges have not been restated for the change in IAS 16. 
The above figures have been restated where necessary to take account of changes in accounting policies to provide a meaningful comparison of performance over the seven years. 
 
 
     
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