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Arrow 10 year financial review
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Arrow Responsibilities of the directors for annual financial statements
Arrow Report of the independent auditor
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Arrow Consolidated balance sheet
Arrow Consolidated income statement
Arrow Consolidated statement of changes in equity
Arrow Consolidated cash flow statement
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Arrow Accounting policies
Arrow Notes to the consolidated financial statements
  Murray & Roberts Holdings Limited financial statements
Arrow Balance sheet
Arrow Income statement
Arrow Statement of changes in equity
Arrow Cash Flow statement
Arrow Notes to the Murray & Roberts Holdings Limited financial statements
Arrow Annexure 1 – Major operating subsidiaries and associate companies
Arrow Annexure 2 – Interest bearing borrowings
Arrow Annexure 3 – Group segmental report
   
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Consolidated income statement

for the year ended 30 June 2009

  All monetary amounts are expressed            
  in millions of Rands Notes   2009   2008*  
  Continuing operations          
  Revenue 26   33 762,4   26 665,6  
  Earnings before interest, exceptional items and depreciation     3 674,1   2 849,6  
  Amortisation of intangible assets   (34,8)   (39,3)  
  Depreciation     (741,1)   (529,8)  
  Earnings before exceptional items and interest   2 898,2   2 280,5  
  Exceptional items 27   7,8   145,3  
  Earnings before interest and taxation     2 906,0   2 425,8  
  Interest expense 29   (354,9)   (255,8)  
  Interest income 30   317,7   284,9  
  Earnings before taxation     2 868,8   2 454,9  
  Taxation expense 31   (612,3)   (489,7)  
  Earnings after taxation     2 256,5   1 965,2  
  Share of profit of associates     1,8   9,3  
  Earnings for the year from continuing operations   2 258,3   1 974.5  
  Discontinued operations          
  Profit from discontinued operations 32   79,0   89,1  
  Earnings for the year 28   2 337,3   2 063,6  
  Attributable to:          
  Equity holders of the holding company     2 017,5   1 714,1  
  Minority shareholders     319,8   349,5  
        2 337,3   2 063,6  
  Weighted average ordinary shares (000)            
  Weighted average ordinary shares in issue     331 893   331 893  
  Weighted average ordinary shares owned by The Murray & Roberts Trust     (7 815)   (5 333)  
  Weighted average ordinary shares owned by the Letsema BBBEE trusts     (28 946)   (28 946)  
  Weighted average ordinary shares owned by Murray & Roberts Limited     (676)   (676)  
  Dilutive adjustment for share options     3 257   6 370  
        297 713   303 308  
  Earnings per share from continuing and discontinued operations (cents)            
  – Diluted 33   678   565  
  – Basic 33   685   577  
  Earnings per share from continuing operations (cents)            
  – Diluted 33   663   547  
  – Basic 33   670   559  
  Total dividend per ordinary share (cents)** 34   218   196  

* Reclassified as a result of discontinued operations.
** Based on the year to which the dividend relates.