Chief Financial Officer’s report
Chief Financial Officer
|Income R10.8 billion||9%|
|Adjusted earnings R1.9 billion||18%|
|Adjusted HEPS 176.5 cents||18%|
|Free cash ﬂow R1.8 billion||(6%)|
|Net debt R4.4 billion|
|Net debt:Ebitdar 1.1 times|
|Ebitdar R4.2 billion||8%|
|Ebitdar margin 39.1%||(0.1pp)|
|Dividends in respect of the year 89.0 cents per share||19%|
|Investment activities R1.6 billion|
|Unutilised net facilities R3.4 billion|
This summarised report should be read in conjunction with the summarised consolidated ﬁnancial statements here and the consolidated ﬁnancial statements available separately on our website which set out the ﬁnancial position, results and cash ﬂows for the group for the ﬁnancial year ended 31 March 2014.
Commentary on the organic growth during the year is included in the segmental operational performance here.
Commentary on inorganic growth is included here.
Commentary on net interest-bearing debt and interest rate and currency risk management is included in the financial strength and durability section here.