Annual Financial Statements 30 June 2001
ANNUAL REPORT 2001 Financial Review Ratios and Statistics Responsibility for Annual Financial Statements Report of the Independent Auditors Report of the Directors Consolidated Balance Sheet Consolidated Income Statement Consolidated Cash Flow Statement Notes to the Consolidated Cash Flow Statement Group Statement of Changes in Equity Accounting Policies Statement of Value Created Notes to the Consolidated Financial Statements Murray & Roberts Holdings Limited Financial Statements Notes to the Murray & Roberts Holdings Limited Financial Statements Annexure 1 – Major Operating Subsidiaries and Associate Companies Annexure 2 – Long and Short-term Loans Annexure 3 – Group Segmental and Geographic Report Picture Gallery Home
 Financial Review

Expressed in Millions of Rand
  2001 2000 1999 1998 1997 1996 1995 1994 1993 1992
SUMMARISED INCOME STATEMENTS
Revenue 8 535 13 318 12 972 12 586 12 082 10 746 9 283 7 765 6 779 5 842
 
Earnings before interest                  
and exceptional items 218 294 203 545 227 575 741 594 530 502
Exceptional items (3) (697) (76) 348 (118) 128 (8) 1 2 2
Earnings/(loss) before                  
interest and taxation 215 (403) 127 893 109 703 733 595 532 504
Net interest (6) (64) (109) (262) (308) (182) (120) (107) (78) (36)
 
Earnings/(loss) before                  
taxation 209 (467) 18 631 (199) 521 613 488 454 468
Taxation (27) (39) (32) (65) (42) (128) (151) (111) (91) (185)
 
Earnings/(loss) after taxation 182 (506) (14) 566 (241) 393 462 377 363 283
Income from associate 71 – – – – – – – – –
Minority shareholders’ interest (1) (65) (52) (48) (31) (18) (54) (37) (30) (18)
 
Earnings/(loss) attributable                  
to ordinary shareholders 252 (571) (66) 518 (272) 375 408 340 333 265
 
SUMMARISED BALANCE SHEETS
Non-current assets 1 761 1 861 2 155 2 334 2 870 2 934 2 534 2 251 2 127 1 938
Current assets 3 898 3 796 4 631 5 758 4 135 4 253 3 499 2 915 2 473 1 714
Goodwill 16 – 151 269 502 708 704 700 718 669
 
Total assets 5 675 5 657 6 937 8 361 7 507 7 895 6 737 5 866 5 318 4 321
 
Ordinary shareholders’ equity 1 982 1 717 2 410 3 003 2 693 3 326 3 019 2 503 2 265 2 151
Minority interest 8 8 329 362 215 213 243 242 207 120
Permanent capital 1 990 1 725 2 739 3 365 2 908 3 539 3 262 2 745 2 472 2 271
Non-current liabilities 700 819 896 1 146 1 359 1 476 1 101 1 116 1 082 779
Current liabilities 2 985 3 113 3 302 3 850 3 240 2 880 2 374 2 005 1 764 1 271
 
Total equity and liabilities 5 675 5 657 6 937 8 361 7 507 7 895 6 737 5 866 5 318 4 321
On 30 June 2000, the group’s holding in Unitrans Limited reduced to 43,8% (30 June 2001: 43,6%) and Unitrans Limited became an equity accounted associate company.