Consolidated seven-year summary

for the year ended 30 September


	2009	2008	2007	2006	2005	2004	2003*
	Rm	Rm	Rm	Rm	Rm	Rm	Rm
Balance sheet
Assets
Property, plant and equipment	7 854	8 056	6 847	8 299	7 922	7 706	6 655
Goodwill and intangible assets	2 599	2 626	2 320	3 328	2 745	2 675	1 580
Investments in associates and joint ventures and other non-current assets	1 473	2 099	2 233	1 912	2 668	2 843	3 503
Deferred taxation assets	656	488	619	750	823	766	472
Non-current assets	12 582	13 269	12 019	14 289	14 158	13 990	12 210
Current assets	17 513	20 688	18 636	21 365	14 465	13 831	11 548
Total assets	30 095	33 957	30 655	35 654	28 623	27 821	23 758
Equity and liabilities
Capital and reserves


Share capital and premium	252	242	223	327	1 397	1 209	712
Reserves and retained income	11 601	12 606	10 918	13 342	10 089	9 308	8 972
Interest of shareholders of Barloworld Limited	11 853	12 848	11 141	13 669	11 486	10 517	9 684
Minority interest	217	185	80	691	644	718	706
Interest of all shareholders	12 070	13 033	11 221	14 360	12 130	11 235	10 390
Non-current liabilities	6 486	6 252	6 638	7 920	7 761	7 540	4 916
Deferred taxation liabilities	249	266	610	870	905	795	617
Non-current liabilities	6 237	5 986	6 028	7 050	6 856	6 745	4 299
Current liabilities	11 539	14 672	12 796	13 374	8 732	9 046	8 452
Total equity and liabilities	30 095	33 957	30 655	35 654	28 623	27 821	23 758

Cash flow return on investment CFROI (%)		Operating margin – continuing operations* (%)

		* Before BEE transaction charge and pension fund gain in 2006.

Compound annual

2009

2008

2007

2006

2005

2004

2003*

growth %

Income statement^#Continuing operations

Revenue

9.0

42 232

46 830

39 757

32 452

29 211

26 970

25 198

Operating profit before items listed below

6.9

2 000

2 988

2 277

1 658

1 572

1 423

1 342

BEE transaction charge

(6)

(337)

Goodwill amortisation

(121)

(90)

Pension fund gain

149

Operating profit

8.1

1 994

2 651

2 277

1 807

1 572

1 302

1 252

Fair value adjustments on financial instruments

(201)

(80)

295

224

(50)

(108)

(363)

Finance costs

14.7

(938)

(889)

(631)

(435)

(333)

(365)

(413)

Income from investments

149

195

164

139

101

143

139

Profit before exceptional items

8.5

1 004

1 877

2 105

1 735

1 290

972

615

Exceptional items

(17)

(74)

116

(20)

(62)

Profit before taxation

1 026

1 860

2 031

1 851

1 270

910

629

Taxation

(248)

(675)

(697)

(556)

(364)

(354)

(193)

Profit after taxation

778

1 185

1 334

1 295

906

556

436

Income from associates and joint ventures

Net profit from continuing operations

821

1 257

1 387

1 349

937

617

509

Discontinued operations

(Loss)/profit from discontinued operations

(82)

(11)

1 172

1 397

1 226

1 151

824

Net profit

739

1 246

2 559

2 746

2 163

1 768

1 333

Attributable to:

Minority shareholders

289

389

314

258

211

Barloworld Limited shareholders

671

1 232

2 270

2 357

1 849

1 510

1 122

739

1 246

2 559

2 746

2 163

1 768

1 333

Headline earnings from continuing operations

1.7

731

1 259

1 362

1 233

1 148

1 057

661

Cash flow statement

Cash flow from operations

2 852

1 981

3 888

4 931

3 576

3 153

2 419

Dividends paid (including minority shareholders)

(434)

(622)

(2 629)

(1 295)

(1 197)

(871)

(940)

Net cash retained from operating activities

2 418

1 359

1 259

3 636

2 379

2 282

1 479

Net cash used in investing activities

(1 211)

(2 606)

(880)

(2 938)

(2 980)

(2 124)

(1 812)

Net cash (used in)/from financing activities

(647)

1 347

(988)

(224)

601

(258)

487

Net increase/(decrease) in cash and cash equivalents

560

100

(609)

474

(100)

154

*	Not restated for accounting policy changes due to practical constraints.
^#	All years have been reclassified for the treatment of the Car rental Scandinavia, Cement, Scientific, Coatings and Steel Tube segments as discontinued operations.

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Interest cover – continuing operations (times)		Total borrowings to shareholders' funds (Trading businesses) (%)