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PERFORMANCE REVIEW
56
Tiger Brands Limited Integrated Annual Report
2014
Key statistics
continued
2014
Restated*
2013
2012
2011
2010
ORDINARY SHARE PERFORMANCE
Number of ordinary shares upon which headline earnings
per share is based (000)
2
160 127
159 755
159 263
158 655
158 193
Headline earnings per ordinary share (cents)
1 816
1 629
1 689
1 575
1 393
Dividends per ordinary share (cents)
1
940
865
850
791
746
Dividend cover (times)
1
1,9
1,9
2,0
2,0
1,9
Net worth per ordinary share (cents)
8 221
7 998
7 086
6 209
5 247
PROFITABILITY AND ASSET MANAGEMENT
Asset turnover (times)
2,1
2,2
2,6
2,8
2,9
Working capital per R1 000 turnover (R)
22,1
23,2
22,5
20,1
20,7
Operating margin (%)
11,8
11,4
15,3
15,9
15,6
Effective taxation rate (%) – as defined
30,9
25,9
27,0
28,2
27,9
Return on equity (%)
22,7
19,7
24,1
25,0
28,2
Return on average net assets (%)
24,6
24,6
33,8
38,2
45,2
FINANCING
Current ratio
1,1
1,1
1,5
1,4
1,9
Net interest cover (times)
9
8
25
51
37
Net debt/(cash) to net funding (%)
20
24
9
14
(1)
Total liabilities to total shareholders’ funds (%)
72
71
47
51
45
Cash flow to net liabilities (%)
36
32
60
56
87
EMPLOYEE STATISTICS
Number of employees at year end
3
16 365
16 752
14 609
14 164
11 348
– permanent
12 923
12 760
10 878
10 755
9 022
– seasonal
3 442
3 992
3 731
3 409
2 326
Revenue per employee (R000)
1 841
1 616
1 559
1 712
1 708
Value added per employee (R000)
489
419
449
419
486
Operating profit per employee (R000)
217
184
238
229
266
Summary of ratios and statistics