| |
|
|
|
|
|
|
|
|
Unaudited |
|
|
Audited |
|
| |
|
|
|
|
|
|
|
|
Six months ended |
|
|
Year ended |
|
| |
|
|
|
|
|
% |
|
|
31 December |
|
|
30 June |
|
| |
(R’000) |
|
|
|
|
change |
|
|
2010 |
|
|
2009 |
|
|
2010 |
|
| |
REVENUE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Investments and |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Concessions |
|
|
|
|
(16) |
|
|
282 361 |
|
|
334 349 |
|
|
591 871 |
|
| |
Infrastructure |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Concessions |
|
|
|
|
(13) |
|
|
268 567 |
|
|
310 119 |
|
|
557 227 |
|
| |
Property |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Developments |
|
|
|
|
(43) |
|
|
13 794 |
|
|
24 230 |
|
|
34 644 |
|
| |
Manufacturing |
|
|
|
|
(11) |
|
|
405 138 |
|
|
454 022 |
|
|
866 221 |
|
| |
Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Materials |
|
|
|
|
(11) |
|
|
240 705 |
|
|
269 038 |
|
|
491 860 |
|
| |
Construction |
|
|
|
|
(17) |
|
|
3 883 479 |
|
|
4 651 384 |
|
|
9 387 636 |
|
| |
Building and |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Housing |
|
|
|
|
(22) |
|
|
1 215 101 |
|
|
1 551 383 |
|
|
3 186 142 |
|
| |
Civil Engineering |
|
|
|
|
(23) |
|
|
1 863 462 |
|
|
2 412 214 |
|
|
4 713 487 |
|
| |
Engineering |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Projects |
|
|
|
|
17 |
|
|
804 916 |
|
|
687 787 |
|
|
1 488 007 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Total revenue |
|
|
|
|
(16) |
|
|
4 811 683 |
|
|
5 708 793 |
|
|
11 337 588 |
|
| |
|
|
H1 2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Core |
|
|
% |
|
|
|
|
|
|
|
|
|
|
| |
(R’000) |
|
margin % |
|
|
change |
|
|
|
|
|
|
|
|
|
|
| |
OPERATING |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
PROFIT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Investments and |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Concessions |
|
14.1 |
|
|
(2) |
|
|
39 832 |
|
|
40 523 |
|
|
75 928 |
|
| |
Infrastructure |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Concessions |
|
16.4 |
|
|
(4) |
|
|
44 038 |
|
|
46 048 |
|
|
83 794 |
|
| |
Property |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Developments |
|
(30.5) |
|
|
(24) |
|
|
(4 206) |
|
|
(5 525) |
|
|
(8 046) |
|
| |
Manufacturing |
|
7.9 |
|
|
(27) |
|
|
31 860 |
|
|
43 520 |
|
|
82 300 |
|
| |
Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Materials |
|
(13.9) |
|
|
(275) |
|
|
(33 422) |
|
|
19 061 |
|
|
17 624 |
|
| |
Construction |
|
7.4 |
|
|
(3) |
|
|
288 212 |
|
|
296 042 |
|
|
649 967 |
|
| |
Building and |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Housing |
|
7.5 |
|
|
(2) |
|
|
91 278 |
|
|
92 900 |
|
|
220 022 |
|
| |
Civil Engineering |
|
7.0 |
|
|
(9) |
|
|
125 590 |
|
|
142 823 |
|
|
290 001 |
|
| |
Engineering |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Projects |
|
8.4 |
|
|
12 |
|
|
67 344 |
|
|
60 319 |
|
|
139 944 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Total core |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
operating profit |
|
6.8 |
|
|
(18) |
|
|
326 482 |
|
|
399 146 |
|
|
825 819 |
|
| |
Adjustments for non-operational transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Pension fund (deficit)/surplus |
|
|
|
|
|
|
|
(3 000) |
|
|
– |
|
|
55 161 |
|
| |
Profit/(loss) on sale of subsidiary |
|
|
|
|
|
|
|
1 093 |
|
|
– |
|
|
(4 085) |
|
| |
Reported operating profit before fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
and impairment adjustments |
|
|
|
|
|
|
|
324 575 |
|
|
399 146 |
|
|
876 895 |
|
