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
 Ratios and Statistics

  2001 2000 1999 1998 1997 1996 1995 1994 1993 1992
EARNINGS
Earnings/(loss) per ordinary share(cents) 74 (165) (19) 150 (79) 109 126 108 106 97
Headline earnings/(loss) per ordinary share(cents) 76 36 3 49 (44) 72 126 108 105 96
Dividends per ordinary share(cents) - - 50,0 48,5 48,5 48,5 47,0 42,0 40,0 36,0
Dividend cover - - - 3,1 - 2,2 2,7 2,6 2,7 2,7
Interest cover 34,7 4,6 1,9 2,1 0,7 3,2 6,2 5,5 6,8 14,2
PROFITABILITY
EBIT on revenue (%) 2,6 2,2 1,6 4,3 1,9 5,4 8,0 7,6 7,8 8,6
EBIT on average total assets (%) 3,9 4,7 3,0 8,2 3,1 8,4 12,6 11,3 11,3 15,6
EAT on average ordinary shareholder's fund(%) 13,6 (27,7) (2,4) 18,2 (9,0) 11,8 14,8 14,2 15,1 18,4
PRODUCTIVITY
Per R1 000 of revenue:                    
 Payroll cost (rand) 189 177 188 196 223 223 234 240 251 238
 Total average assets (rand) 664 473 530 529 601 639 631 675 695 550
Value created (Rm) 2 159 2 156 2 807 3 737 3 030 3 353 3 120 2 670 2 438 2 098
Value ratio 1,34 0,91 1,15 1,52 1,12 1,40 1,43 1,44 1,43 1,51
FINANCE
As a percentage of permanent capital:                    
 Interest bearing debt 22 33 27 (23) 38 26 14 19 26 15
 Total liabilities 185 228 153 85 143 111 92 98 104 92
Current assets to current liabilities 1,31 1,22 1,40 1,50 1,28 1,48 1,47 1,45 1,40 1,39
Operating cash flow (Rm) 558 370 493 1 275 (99) 210 418 633 420 375
Operating cash flow per ordinary share (cents) 164 107 142 369 (29) 61 129 201 134 137
OTHER
Weighted average ordinary shares in issue (millions) 340,1 346,0 346,0 346,0 346,0 344,4 323,1 314,0 314,0 273,4
Number of employees - 30 June 16 337 26 098 32 361 43 268 48 464 49 489 49 087 49 754 47 608 51 587
The comparative figures for the years 1992 to 1994 relating to shares in issue and statistics per share have been adjusted to take account of the five for one sub-division effective 15 May 1995.
DEFINITIONS
EBIT Earnings before interest, taxation and exceptional items Total liabilities Borrowings, redeemable preference shares and non-interest bearing debt
EBT Earnings before taxation Permanent capital Ordinary shareholder's equity and
EAT Earnings after taxation attributable to ordinary shareholders Net asset value (NAV) minority shareholder's interest
Ordinary shareholder's equity
Interest cover EBIT divided by net interest Average Arithmetic average between consecutive
Value ratio Value created as a multiple of payroll cost   year-ends
Interest-bearing debt Borrowings and redeemable preference shares