NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 
for the year ended 31 December 2007
 

 
1. These condensed consolidated annual financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS), including IAS 34 Interim Financial Reporting. The accounting policies used in the preparation of these condensed consolidated financial statements are consistent with those used in the annual financial statements for the year ended 31 December 2006.
      REVIEWED AUDITED  
  R MILLION   2007 2006  
2. Revenue        
  Interest income   0,8 8,2  
      0,8 8,2  
3. Exceptional item        
  Loss on dilution of investment in associate   (1,3) (11.5)  
      (1,3) (11,5)  
4. Headline earnings        
  Profit attributable to equity holders of the company   303,2 252,8  
  Loss on dilution of investment in associate   1,3 11,5  
  Attributable share of headline earnings adjustments of associate   (121,0) 28,3  
  Headline earnings   183,5 292,6  
  Weighted average number of shares in issue (million)   1 068,0 897,8  
  Headline earnings per share (cents)   17,2 32,6  
  Diluted headline earnings per share (cents)   17,2 27,9  
5. Investment in equity-accounted investee        
  On conversion of the debentures, Mobile received 13 730 780 shares in Trencor and its effective holding in Trencor increased to 46,3%. Goodwill amounting to R259,6 million arose on this transaction.
6. Current assets        
  Trade and other receivables   0,2 0,6  
  Cash and cash equivalents   9,3 11,0  
      9,5 11,6  
7.  Conversion of convertible debentures        
  In view of the fact that the total dividend declared in respect of the year ended 31 December 2006 exceeded the specified level, each debenture was converted into three ordinary shares. For calculation of the weighted average number of shares in issue, the shares issued have been included with effect from 1 January 2007.
  Number of shares issued (million)   170,2  
  Increase in share premium   127,6  
8.  Current liabilities        
  Trade and other payables   2,2 1,9  
  Current tax liability   0,3 0,4  
  Amount due to subsidiary of associate   0,2  
      2,5 2,5  

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