Fiscal year is January-December. All values ZAR Millions.

Sales/Revenue
Sales Growth
Cost of Goods Sold (COGS) incl. D&A
COGS excluding D&A
Depreciation & Amortization Expense
Depreciation
Amortization of Intangibles
COGS Growth
Gross Income
Gross Income Growth
Gross Profit Margin
SG&A Expense
Other SG&A
SGA Growth
Other Operating Expense
EBIT
Unusual Expense
Non Operating Income/Expense
Non-Operating Interest Income
Interest Expense
Interest Expense Growth
Gross Interest Expense
Pretax Income
Pretax Income Growth
Pretax Margin
Income Tax
Income Tax - Current Domestic
Income Tax - Current Foreign
Income Tax - Deferred Domestic
Equity in Affiliates
Consolidated Net Income
Minority Interest Expense
Net Income
Net Income Growth
Net Margin
Net Income After Extraordinaries
Net Income Available to Common
EPS (Basic)
EPS (Basic) Growth
Basic Shares Outstanding
EPS (Diluted)
EPS (Diluted) Growth
Diluted Shares Outstanding
EBITDA
EBITDA Growth
EBITDA Margin

2015

2014

147,063

146,930

0.09%

7.04%

80,508

76,406

57,215

54,893

23,293

21,513

19,557

18,262

3,736

3,251

5.37%

7.91%

66,555

70,524

-5.63%

6.11%

45.26%

19,563

17,460

19,563

17,460

12.04%

2.08%

10,197

8,522

36,795

44,542

9,838

2,116

8,248

6,996

5,442

3,102

6,981

5,669

23.14%

21.68%

6,981

5,669

33,666

46,855

-28.15%

17.38%

22.89%

11,322

13,361

11,852

14,761

-530

-1,400

1,226

4,208

23,570

37,702

3,366

5,623

20,204

32,079

-37.02%

19.92%

13.74%

20,204

32,079

20,204

32,079

11.09

17.52

-36.70%

20.00%

1,822

1,831

11.06

17.42

-36.53%

20.00%

1,827

1,841

60,088

66,055

-9.03%

11.67%

40.86%

EBIT

36,795

2013

2012

2011

137,270

121,867

121,884

12.64%

-0.01% -

70,807

62,518

62,550

51,529

46,566

47,091

19,278

15,952

15,459

16,458

13,791

13,296

2,820

2,161

2,163

13.26%
66,463
11.99%

-0.05% 59,349

59,334

0.03% -

17,105

15,807

15,260

17,105

15,807

15,260

8.21%

3.58%

9,484

7,719

6,338

39,874

35,823

37,736

-200

-355

96

2,144

-2,262

1,492

2,359

3,103

2,312

4,659

4,124

3,766

12.97%

9.51%

4,659

4,124

3,766

39,918

32,895

37,678

21.35%

-12.69% -

12,487

11,835

13,853

10,295

12,300

11,429

1,335

2,192

-465

1,089

3,431

3,008

-38

30,862

24,068

23,787

4,111

3,364

3,033

26,751

20,704

20,754

29.21%

-0.24% -

26,751

20,704

20,754

26,751

20,704

20,754

14.6

11.26

11.2

29.66%

0.58% -

1,833

1,838

1,854

14.52

11.19

11.11

29.69%

0.78% -

1,842

1,849

1,868

59,152

51,775

53,195

14.25%
-

-2.67% -

37,736

Current Ratio
Quick Ratio
Cash Ratio
D/E Ratio
Equity Multiplier
Interest coverage
Cash coverage
Inventory turnover
Receivable turnover
FA turnover
PM
ROA
ROE
PE
P-BV
EPS (Basic)
EPS (Diluted)

2015
1.07
1
0.5

2014
1.34
1.29
0.74

2013
1.32
1.26
0.8

2012
1.11
1.06
0.69

1.07

0.90

0.89

0.90

2.07
5.27
6.43
26.10

1.90
7.86
8.79
43.06

1.89
8.56
9.96
42.55

1.90
8.69
8.43
47.85

1.38
1.68
1.48
1.65
0.1373832983 0.21832846 0.19487871 0.16989013
0.0643712146 0.1264521 0.11648291 0.11758692
0.1330628696 0.24039658 0.21960891 0.22289448

11.09

17.52

14.6

11.26

11.06

17.42

14.52

11.19

2011
1.22
1.17
0.83
0.96

1.96
10.02
12.17
46.36
1.70
0.17027666
0.1144051
0.22388591

11.2
11.11

Assets
Fiscal year is January-December. All values ZAR Millions.
Cash & Short Term Investments
Cash Only
Short-Term Investments
Cash & Short Term Investments Growth
Cash & ST Investments / Total Assets
Total Accounts Receivable
Accounts Receivables, Net
Accounts Receivables, Gross
Bad Debt/Doubtful Accounts
Other Receivables
Accounts Receivable Growth
Accounts Receivable Turnover
Inventories
Finished Goods
Raw Materials
Progress Payments & Other
Other Current Assets
Miscellaneous Current Assets
Total Current Assets
Net Property, Plant & Equipment
Property, Plant & Equipment - Gross
Buildings
Machinery & Equipment
Construction in Progress
Transportation Equipment
Other Property, Plant & Equipment
Accumulated Depreciation
Buildings
Machinery & Equipment
Transportation Equipment
Other Property, Plant & Equipment
Total Investments and Advances
LT Investment - Affiliate Companies
Other Long-Term Investments
Long-Term Note Receivable
Intangible Assets
Net Goodwill
Net Other Intangibles
Other Assets
Deferred Charges
Tangible Other Assets

2015
44,886
35,912
8,974
-9.91%
14.30%
40,320
19,305
22,764
-3,459
21,015
38.92%
3.65
5,635
6,766
59
-1,190
4,591
4,591
95,432
106,702
215,201
9,966
173,833
12,683
1,361
17,358
108,499
2,928
93,046
822
11,703
45,521
35,552
9,969
8,721
55,887
27,231
28,656
1,062
1,062
-

Total Assets
Assets - Total - Growth
Asset Turnover
Return On Average Assets
Liabilities & Shareholders' Equity
All values ZAR Millions.
ST Debt & Current Portion LT Debt
Short Term Debt
Current Portion of Long Term Debt
Accounts Payable
Accounts Payable Growth
Income Tax Payable
Other Current Liabilities
Miscellaneous Current Liabilities
Total Current Liabilities
Current Ratio
Quick Ratio
Cash Ratio
Long-Term Debt
Long-Term Debt excl. Capitalized Leases
Non-Convertible Debt
Capitalized Lease Obligations
Provision for Risks & Charges
Deferred Taxes
Deferred Taxes - Credit
Deferred Taxes - Debit
Other Liabilities
Other Liabilities (excl. Deferred Income)
Deferred Income
Total Liabilities
Total Liabilities / Total Assets
Common Equity (Total)
Additional Paid-In Capital/Capital Surplus
Retained Earnings
Cumulative Translation Adjustment/Unrealized For. Exch. Gain
Revaluation Reserves
Other Appropriated Reserves
Common Equity / Total Assets
Total Shareholders' Equity
Total Shareholders' Equity / Total Assets
Accumulated Minority Interest
Total Equity
Liabilities & Shareholders' Equity

313,867
23.72%
0.52
7.12%

2015
22,510
38
22,472
12,430
11.11%
10,013
44,566
44,566
89,519
1.07
1
0.5
53,372
52,661
52,661
711
4,624
12,499
13,041
542
1,473
946
527
162,029
51.62%
146,369
40,248
87,526
26,823
-8,228
46.63%
146,369
46.63%
5,469
151,838
313,867

2014

2013

2012

2011

49,825

46,386

34,756

45,841

43,991

41,822

27,980

36,352

5,834

4,564

6,776

9,489

7.41%

33.46%

-24.18% -

19.64%

20.20%

19.74%

25.27%

29,024

25,680

17,199

18,331

14,739

12,341

11,871

12,259

17,253

15,020

13,796

14,159

-2,514

-2,679

-1,925

-1,900

14,285

13,339

5,328

6,072

13.02%

49.31%

-6.18% -

5.06

5.35

7.09

6.65

3,412

3,226

2,547

2,629

3,775

3,746

2,863

2,883

100

51

153

141

-463

-571

-469

-395

8,206

1,281

1,373

820

8,206

1,281

1,373

820

90,467

76,573

55,875

67,621

87,546

92,903

73,905

71,610

168,513

169,231

132,673

130,045

8,642

8,221

6,826

6,528

134,639

137,128

104,264

104,178

10,314

10,125

10,438

8,186

1,225

1,376

1,123

993

13,693

12,381

10,022

10,160

80,967

76,328

58,768

58,435

2,219

1,878

1,286

979

69,392

66,277

51,107

50,998

664

753

691

635

8,692

7,420

5,684

5,823

31,649

15,146

9,751

4,277

25,514

15,035

9,751

4,277

6,135

111

5,277

2,601

36,618

37,751

32,594

34,540

22,225

24,160

21,320

24,030

14,393

13,591

11,274

10,510

1,019

2,638

2,658

2,076

1,019

2,076

2,638

2,658

253,685

229,656

176,074

181,408

10.46%

30.43%

-2.94% -

2014

2013

2012

2011

13,809

11,361

10,762

10,462

26

23

169

593

13,783

11,338

10,593

9,869

11,187

7,451

5,989

7,615

50.14%

24.41%

9,562

7,530

6,790

9,037

33,072

31,642

26,933

28,203

33,072

31,642

26,933

28,203

67,630

57,984

50,474

55,317

1.34

1.32

1.11

1.22

1.29

1.26

1.06

1.17

0.74

0.8

0.69

0.83

40,166

35,420

22,177

23,743

39,470

34,664

21,322

23,644

39,470

34,664

21,322

23,644

696

756

855

99

546

357

416

457

9,903

11,426

7,420

6,752

11,012

13,470

8,711

8,036

1,109

2,044

1,291

1,284

889

613

1,409

1,156

347

485

1,123

585

542

128

286

571

120,243

107,844

83,187

88,709

47.40%

46.96%

47.25%

48.90%

128,517

116,479

89,006

88,897

40,179

42,598

42,593

44,678

91,305

79,872

62,247

56,567

5,791

2,831

-7,348

-3,602

-21.35% -

-248

-8,758

-8,822

-8,486

-8,498

50.66%

50.72%

50.55%

49.00%

128,517

116,479

89,006

88,897

50.66%

50.72%

50.55%

49.00%

4,925

5,333

3,881

3,802

133,442

121,812

92,887

92,699

253,685

229,656

176,074

181,408

Operating Activities
Fiscal year is January-December. All values ZAR Millions.
Net Income before Extraordinaries
Net Income Growth
Depreciation, Depletion & Amortization
Depreciation and Depletion
Amortization of Intangible Assets
Other Funds

2015
34,892
-31.67%
23,293
19,557
3,736
-10,559

Funds from Operations

Changes in Working Capital
Receivables
Inventories
Accounts Payable
Other Assets/Liabilities
Net Operating Cash Flow
Net Operating Cash Flow Growth
Net Operating Cash Flow / Sales

47,626
-5,221
-4,591
-2,333
1,778
-75
42,405
-18.37%
28.83%
Investing Activities

Fiscal year is January-December. All values ZAR Millions.

Capital Expenditures
Capital Expenditures (Fixed Assets)
Capital Expenditures (Other Assets)
Capital Expenditures Growth
Capital Expenditures / Sales
Net Assets from Acquisitions
Sale of Fixed Assets & Businesses
Purchase/Sale of Investments
Purchase of Investments
Other Uses
Other Sources
Net Investing Cash Flow
Net Investing Cash Flow Growth
Net Investing Cash Flow / Sales

2015
-32,024
-21,612
-10,412
-40.19%
-21.78%
-3,040
7,287
-5,820
-5,820
-33,597
-24.94%
-22.85%
Financing Activities

Fiscal year is January-December. All values ZAR Millions.

Cash Dividends Paid - Total
Common Dividends
Change in Capital Stock
Repurchase of Common & Preferred Stk.
Sale of Common & Preferred Stock
Proceeds from Stock Options
Other Proceeds from Sale of Stock
Issuance/Reduction of Debt, Net
Change in Current Debt
Change in Long-Term Debt

2015
-23,506
-23,506
-461
-461
8,594
12
8,582

Issuance of Long-Term Debt

Reduction in Long-Term Debt
Other Funds
Other Uses
Other Sources
Net Financing Cash Flow
Net Financing Cash Flow Growth
Net Financing Cash Flow / Sales
Exchange Rate Effect
Net Change in Cash
Free Cash Flow
Free Cash Flow Growth
Free Cash Flow Yield

23,384
-14,802
-5,797
-5,797
-21,170
4.54%
-14.40%
3,860
-8,502
20,793
-35.80%
-1.12%

2014
51,063
17.80%
21,513
18,262
3,251
-18,890

2013
43,349
20.74%
19,278
16,458
2,820
-13,585

2012
35,903
-4.61% 15,952
13,791
2,161
-11,293

2011
37,640

53,686
-1,738
-1,926
-65
-401
654
51,948
11.04%
35.36%

49,042
-2,259
-1,827
-627
378
-183
46,783
23.12%
34.08%

40,562
-2,563
-335
-64
-2,105
-59
37,999
-4.03% 31.18%

44,431
-4,835
-2,586
-1,025
-2,387
1,163
39,596

2014
-22,844
-19,562
-3,282
18.86%
-15.55%
-1,634
7,006
-9,418
-9,418

2013
-28,154
-24,568
-3,586
-18.23%
-20.51%
-47 2,484
-889
-889

-26,890
-35.57%
-18.30%

6,771
-19,835
18.08%
-14.45%

2012
-23,813
-20,741
-3,072
-52.74% -19.54%
1,637
-877
-877
-4,128
2,969
-24,212
-17.44% -19.87%

2014
-20,527
-20,527
-2,455
-2,458
3
3

2013
-16,187
-16,187
-876
-881
5
5

2012
-14,919
-14,919
-2,085
-2,088
3
3-

4,983

7,328

4,983

7,328

32.49%

2011
-15,591
-14,103
-1,488
-12.79%
3,253
-10,423
-10,423
-126
2,271
-20,616
-16.91%

2011
-11,722
-11,722
-924
-930
6
6
-5,159

-2,961
-

15,459
13,296
2,163
-8,668

-2,961

-5,159

30,603
-25,620
-4,178
-4,289
111 -22,177
-64.35%
-15.09%
-182
2,699
32,386
45.78%
-

33,279
-25,951
-3,759
-3,759

11,093
-14,054
-3,252
-3,252

4,848
-10,007
-5,950
-5,950

-23,217
2.26% -19.05%
-1,105
-10,535
17,258
-32.30% -

-13,494
41.88%
-9.83%
3,584
17,038
22,215
28.72%

-23,755
-19.49%
4,081
-694
25,493