Unaudited Interim Financial Report and Cash Dividend Declaration for the 6 months ended 31 March 2016

Additional information

     
R million (unless otherwise stated)
Reviewed
2017
Audited
2016
Current ratio (:1) 2,4 2,4
Quick ratio (:1) 1,8 1,9
Dividend yield (%)* 7,0 7,2
Return on capital employed (%) 19,8 18,2
Net number of ordinary shares in issue (million) 162 165
Number of ordinary shares in issue (million) 185 184
Less: Empowerment shares (million) (19) (19)
Less: Treasury shares (million) (4)
Capital expenditure 143 222
- expansion 98 174
- replacement 45 48
Capital commitments in respect of property, plant and equipment 39 60
- contracted 20 10
- authorised not yet contracted 19 50
Commitments in respect of operating leases 126 63
Contingent liabilities**
* Calculated as the total dividend declared out of the 2017 profits (interim 120 cents per share and final 354 cents per share) (2016: 113 cents and 326 cents respectively) divided by the closing Reunert share price of 6 772 cents (2016: 6 110 cents).
** The directors are confident that Reunert Limited and its subsiaries have no exposure arising from the guarantees and sureties in issue, beyond the liabilities recognised in the condensed consolidated statement of financial position at financial year-end.
Definitions of ratios and other financial terms are incorporated in the Integrated Report.