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
 Consolidated
 Income Statement
 for the year ended 30 June 2001

Expressed in Millions of Rand
Notes   2001  Pro forma
2000 		 2000 
Revenue     8 535,0  8 733,0  13 317,9 
Ongoing operations     7 983,0  7 748,0  12 332,9 
Discontinued operations     552,0  985,0  985,0 
     
           
Earnings before amortisation, depreciation,exceptional items and interest     454,6  329,1  661,9 
Amortisation of goodwill 2   (4,0) –  – 
Depreciation     (232,2) (238,4) (367,9)
     
Earnings before exceptional items and interest     218,4  90,7  294,0 
Ongoing operations     214,4  99,0  302,3 
Discontinued operations     4,0  (8,3) (8,3)
Exceptional items 16   (2,5) (696,9) (696,9)
     
Earnings/(loss) before interest and taxation 17   215,9  (606,2) (402,9)
Interest paid 18   (90,7) (116,2) (139,8)
Interest received 18   84,4  72,4  75,5 
     
Earnings/(loss) before taxation     209,6  (650,0) (467,2)
Taxation 19   (27,5) 7,0  (39,4)
     
Earnings/(loss) after taxation     182,1  (643,0) (506,6)
Income from associate     71,0  73,0  – 
Minority shareholders’ interest     (0,9) (1,2) (64,6)
     
Earnings/(loss) attributable to ordinary shareholders     252,2  (571,2) (571,2)
     
Dealt with as follows:      
Net amortisation of goodwill 2   –  190,9  190,9 
Transfer to/(from) distributable reserve     252,2  (762,1) (762,1)
     
      252,2  (571,2) (571,2)
     
Weighted average ordinary shares in issue (000’s)     340 103  345 968  345 968 
Earnings/(loss) per ordinary share (cents) – total     74  (165) (165)
Earnings per ordinary share (cents) – headline 20   76  36  36 
 
On 30 June 2000, the group’s holding in Unitrans Limited reduced from 54,5% to 43,8% and Unitrans Limited became an equity accounted associate company. The pro forma column restates the previously published results as if Unitrans Limited had been equity accounted in the comparative period.