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

Additional information

  Six months ended 31 March  
Rm
(unless otherwise stated)
2020 
(Unaudited)
2019 
(Unaudited)
Year ended 
30 September 
2019 
(Audited)
Net number of ordinary shares in issue (million) 161 161 161
Number of ordinary shares in issue (million) 185 185 185
Less:  Empowerment shares (million) (19) (19) (19)
Less: Treasury shares (million) (5) (5) (5)
Capital expenditure 66 59 158
- expansion 56 36 102
- replacement 10 23 56
Capital commitments in respect of property, plant and equipment 53 75 60
- contracted 28 42 30
- authorised, not yet contracted    25 33 30
Commitments in respect of leases  * 214 249
Contingent liabilities - - -
Current ratio (:1) 1,7 2,0 2,1
Quick ratio (:1) 1,2 1,5 1,6
Dividend yield (%)** 10,3 7,0 7,4
Return on capital employed (%) 11,1 16,3 17,8
* With effect from 1 October 2019 and the initial application of IFRS 16 Leases, all material lease commitments are disclosed as current or non-current liabilities in the statement of financial position. Commitments in respect of the remaining leases not accounted for in terms of IFRS 16 are not material.
** Calculated as the total dividend (interim 65 cents per share and prior year final 383 cents per share) (March 2019: interim 130 cents per share and prior year final 368 cents per share) (September 2019: 130 cents and 383 cents per share) divided by a Reunert share price of 4 334 cents (March 2019: 7 100 cents) (September 2019: 6 900 cents), being the closing market price on 31 March 2020.

Definitions of ratios and other financial terms are the same as those incorporated in the 2019 Integrated Report.