Summary of ratios and statistics

(R’million) 2021 Restated*#
2020  		 2019 2018 2017
Ordinary share performance          
Number of ordinary shares upon which headline earnings per share is based (000)2 165 735 165 687 165 623 164 714 162 896
Headline earnings per ordinary share (cents) 1 127 940 1 322 1 589 2 161
Dividends per ordinary share (cents)1 320 434 627 1 080 1 080
Dividend cover (times)1 3,5 2,2 2,1 1,5 2,0
Net worth per ordinary share (cents) 9 383 9 433 9 201 10 448 10 307
Profitability and asset management          
Asset turnover (times) 2,6 2,6 2,4 2,3 2,5
Working capital per R1 revenue 20,3 21,4 22,3 21,6 19,9
Operating margin (%) 7,2 8,3 11,1 11,6 14,5
Effective taxation rate (%) 24,9 32,7 18,1 24,7 28,9
Return on equity (%) 12,7 9,0 13,9 16,7 22,1
Return on average net assets (%) 19,3 21,1 26,1 26,6 35,3
Financing          
Current ratio 1,9 2,2 2,0 2,0 1,8
Net interest cover (times) 42 27 – 79 25
Net (cash)/debt to net funding (%) (11) (10) (8) (3) (3)
Total liabilities to total shareholders’ funds (%) 41 31 37 31 34
Cash flow to net liabilities (%) 72 73 65 77 88
Employee statistics          
Number of employees at year end3 11 093 11 978 11 103 11 678 12 196
– permanent 10 158 11 188 10 543 11 348 11 705
– seasonal 935 790 560 330 491
Revenue per employee (R’000) 2 790 2 488 2 633 2 438 2 566
Value added per employee (R’000) 653 649 694 670 733
Operating profit per employee (R’000) 202 217 236 277 371
Economic indicators          
Consumer Price Index (September on September) 5,0% 3,0% 4,1% 4,8% 4,9%
Key closing exchange rates at 30 September vs ZAR          
– USD 15,10 16,81 15,15 14,17 13,51
– GBP 20,35 21,61 18,66 18,44 18,06
– EUR 17,49 19,66 16,52 16,41 15,95
1 Based on the sum of the interim dividend paid in the current year and the final dividend declared post year-end.
2 Net of treasury and empowerment shares.
3 Includes employees of international operations.
* Restated as required in line with the presentation requirement of IAS 1 as part of continuous improvements in terms of IFRS. (Refer note 21.2).
# Restated as the group reclassified customer rebates as part of continuous improvements in terms of IFRS 15. (Refer note 21.1).
(R’million) 2021 2020 2019 2018 2017
Stock exchange statistics          
Market price per share (cents)          
– year end 18 727 19 077 21 056 26 502 37 735
– highest 22 634 23 579 26 942 47 450 42 900
– lowest 17 800 15 141 20 505 26 502 35 945
Number of transactions 573 280 913 673 993 320 914 360 952 691
Number of shares traded (000) 109 634 205 890 179 529 197 471 171 231
Value of shares traded (Rm) 22 359 38 299 44 278 72 584 67 133
Number of shares traded as a percentage of total issued shares 66,2 124,3 108,4 104,0 89,2
Dividend yield at year end (%) 1,7 2,3 5,0 4,1 2,9
Earnings yield at year end (%) 5,9 5,0 6,3 5,9 5,9
Price earnings ratio at year end 17 20 16 17 17
Market capitalisation at year end (Rm) 35 547 36 212 39 968 50 306 72 478
Market capitalisation to shareholders’ equity at year end (times) 2,3 2,3 2,6 2,9 4,3