Performance at a glance
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      In accordance with IFRS               In terms of previous Gaap (4)                      
  15 year  
compound  
growth   rates  
% per   annum  
  2006 2005     2005     2004 2003 2002     2001 2000 1999 1998     1997 1996 1995 1994     1993 1992 1991
Extract from financial statements (R’000)                                                          
Revenue 41,8 (5)   77 276 491 62 811 776     62 811 776     51 262 212 47 073 375 41 950 388     29 415 011 26 427 620 14 646 145 7 432 920     5 069 948 4 166 682 3 432 155 2 560 707     775 206 595 994 411 694
Trading profit 36,2 (5)   3 657 000 3 046 108     3 164 646     2 544 074 2 239 662 2 012 611     1 422 212 1 215 222 712 230 493 051     276 843 216 111 165 243 115 622     68 461 58 075 35 377
Attributable profit 39,1 (5)   2 388 717 1 961 231     2 054 193     1 531 868 1 334 552 1 231 041     1 035 466 884 148 659 573 400 872     214 249 165 577 123 751 88 602     35 745 25 071 16 898
Shareholders’ interest     8 928 995 7 468 866     7 388 482     5 998 413 5 353 416 5 563 617     3 860 494 3 028 819 2 985 433 2 803 898     1 758 311 802 451 602 358 499 657     430 522 134 156 107 064
Net debt     1 452 089 988 738     944 597     674 071             46 121
Cash generated by operations     4 490 358 4 200 449     3 977 293     3 760 849 2 666 695 2 751 675     1 558 774 1 282 688 859 256 491 126     297 814 277 035 113 811 125 146     45 708 59 691 23 216
Total assets     27 994 501 21 123 331     20 894 966     18 021 382 14 592 486 15 117 104     9 741 970 8 134 879 7 680 848 4 101 777     3 251 061 1 583 321 1 188 202 980 743     747 401 388 563 321 639
Total wealth created     13 911 592 11 955 216     11 744 777     10 230 550 9 247 324 7 441 092     5 079 614 4 515 614 2 692 295 1 610 681     899 879 696 702 524 636 412 828     224 924 175 299 104 350
Share and debentures statistics                                                          
Headline earnings per share (cents) (1) 25,8 (5)   804,6 656,4     686,6     544,0 463,5 432,8     365,2 309,7 243,0 171,2     124,9 102,6 77,8 58,1     38,1 28,0 25,6
Distribution per share (cents) (2) 26,0       369,0 306,0     306,0     250,2 220,0 190,0     169,2 150,3 127,3 101,3     70,8 56,1 43,0 30,2     21,0 16,4 11,5
Distribution cover (times) (2)     2,2 2,1     2,2     2,2 2,1 2,3     2,2 2,1 1,9 1,7     1,8 1,8 1,8 1,9     1,8 1,7 2,2
Distribution yield (%)     3,7 4,2     4,2     4,8 5,1 4,1     3,4 3,2 2,5 2,2     2,0 2,2 2,3 2,1     2,7 4,1 4,1
Net tangible asset value per share (cents) 20,5 (5)   1 814 1 542     1 604     1 330 1 549 1 569     1 186 1 046 1 042 1 135     771 438 343 292     258 136 111
Share price (cents)                                                          
high     11 650 8 100     8 100     5 620 4 800 5 200     5 200 6 550 5 400 5 980     3 535 2 956 2 000 1 470     780 400 283
low     7 200 5 195     5 195     4 100 3 970 3 980     4 075 3 620 2 910 3 250     2 275 1 838 1 450 780     343 250 180
closing (June 30) 26,8       9 875 7 270     7 270     5 250 4 300 4 600     5 010 4 680 5 040 4 525     3 500 2 590 1 875 1 470     780 400 280
Market capitalisation (Rm’s) (6) 36,7       29 541 21 768     21 768     16 570 13 462 14 316     14 821 13 555 14 435 11 181     7 968 4 681 3 294 2 502     1 301 391 271
Volumes traded (000’s)     206 156 166 720     166 720     160 233 156 731 125 566     99 096 104 122 89 262 64 413     26 456 13 997 8 140 11 061     1 186 4 877 1 247
Volume traded as % of weighted number of shares     68,7 55,1     55,1     53,3 50,9 42,0     34,0 36,1 32,9 27,5     14,2 7,8 4,7 6,5     1,1 5,0 1,8
Ratios and statistics                                                          
Return on total shareholders’ interest (%)     32,0 31,8     34,2     28,6 24,0 31,9     34,2 29,6 23,5 22,8     26,7 27,5 24,8 20,6     26,6 23,4 68,6
Return on average funds employed (%) (3)     54,1 53,5     55,0     53,6 48,9 56,8     43,6 41,7 40,4 37,2     53,9 57,6 58,8 48,9     29,0 28,2 37,9
Operating profit margin (%)     4,7 4,8     5,0     5,0 4,8 4,8     4,8 4,6 4,9 6,6     5,5 5,2 4,8 4,5     8,8 9,7 8,6
Current asset ratio     1,1 1,1     1,1     1,1 1,3 1,2     1,2 1,1 1,2 2,8     2,0 2,0 1,9 1,8     2,0 2,5 1,7
Quick asset ratio     0,8 0,7     0,7     0,8 1,0 0,9     0,9 0,8 0,9 2,1     1,5 1,5 1,5 1,4     1,5 1,4 1,0
Number of employees     93 325 89 737     89 737     81 931 70 754 66 879     54 251 50 941 50 132 31 420     30 001 21 506 14 970 14 117     4 749 4 784 2 226
Number of shares in issue (000’s) (6)     299 154 299 421     299 421     302 156 302 679 311 217     295 821 289 638 286 418 247 095     228 027 183 041 175 701 171 131     166 775 98 552 96 266
Number of weighted shares in issue (6)     299 976 302 700     302 700     300 643 308 116 299 089     291 599 288 554 271 483 234 090     186 779 179 895 173 306 169 121     105 217 97 028 69 092
Notes
(1) Based on weighted average number of shares in issue.
(2) Includes interim dividend paid, capitalisation issues at market value, distributions of share premium and final distributions approved after year-end.
(3) Return on average funds employed is calculated using the weighted average of the Group’s operating assets, excluding cash, and operating income before capital items, interest and taxation.
(4) The comparative figures have been restated to account for the various changes in accounting policies over the period to comply with SA GAAP but not for IFRS purposes. Periods prior to June 30 2003 have not been restated for the effect of the recent changes in interpretation of the accounting statements.
(5) Prior year amounts have not been restated to take account of changes to accounting policies as a result of the adoption of IFRS in the 2006 and 2005 years. Comparative information for the 1991 to 2005 years in accordance with the previous SA GAAP is provided for information and comparative purposes.
(6) The number of shares in issue has been reduced by the treasury shares held by a subsidiary company.
   
 
2006
Acquired 100% of Netherlands foodservice company, Deli XL and a controlling stake in Horeca Trade, a small Dubai-based foodservice distributor. Concluded sale of Dartline Shipping for £58,9 million (R650 million) and loss-making Lithotech France. Global footprint expanded through investment to develop and operate Mumbai International Airport. Non-executive component of the board strengthened.
 
2005
Cyril Ramaphosa takes the reins as chairman. Successful buyout of Bidcorp plc minority interest. Acquisition of 20% of Tiger Wheels. G. Fox acquired.
 
2004
R2,1 billion BEE transaction for 15% of Bidvest with Dinatla finalised. McCarthy, South Africa ’s second largest motor retailer, acquired for R980 million. Acquisition of minority interests of Bidvest plc.
 
2003
Danel, the largest business forms manufacturing and distribution operation in France, acquired and renamed Lithotech France. The Bidvest Academy, a Group training and development programme, launched. Ground-breaking black economic empowerment initiative with Dinatla Investment Holdings announced. Small strategic foodservice acquisitions in the United Kingdom, Australian and New Zealand markets.
 
2002
Acquisition of 56,7% of LSE-listed Jacobs Holdings plc, which was renamed Bidcorp plc, to form the base for the international expansion of Bidfreight. Paragon acquired and merged with Lithotech. Remaining 68% of Voltex acquired to form part of the Commercial Products division. The minority shareholding in I-Fusion acquired.
 
 
2001
John Lewis Foodservice acquired and incorporated into Bidvest Australia, creating the leading foodservice distributor in Australia. The Group wide-area-network, Bidnet, developed by I-Fusion. mymarket.com, Bidvest’s e-commerce initiative, launched.
 
2000
Acquisition of Island View Storage. Banking licence granted to Rennies Bank and 77% of I-Fusion acquired. Bidvest plc enters the New Zealand foodservice market with the acquisition of Crean Foodservice, renamed Crean First for Foodservice.
 
1999
Booker Foodserve, renamed 3663 First for Foodservice, acquired by Bidvest plc. Acquisition of Rennies Group.
 
1998
Bidvest plc, incorporating Bidvest Australia, was created with dual listings in Australia and Luxembourg. Acquisition of Lithotech.
 
1997
100% of Waltons Group acquired, Bid Corporation unbundled and Bidvest incorporated into the JSE industrial index.
 
1996
Empowerment programmes begin with Women Investment Portfolio Holdings and Worldwide African Investment Holdings each acquiring a 5% shareholding in Bid Corporation.
 
1995
First steps to international expansion taken – 50,1% of Australian Stock Exchange-listed Manettas acquired and renamed Bidvest Australia.
 
1994
Rights offer raises R300 million, 10-for-1 share sub-division.
 
1993
Safcor Freight acquired – the start of Bidfreight. Prestige Cleaning Services acquired and grouped with Steiner to form Bidserv.
 
1992
Crown Food Holdings acquired and merged with National Spice to form Crown National.
 
1991
Acquisition of Steiner Services – beginning of the hygiene services business.
 
1990
Bid Corporation becomes the pyramid holding company of Bidvest.
 
1989
Acquisition of Afcom.
 
1988
Chipkins, the first acquisition, followed shortly therafter by Seaworld. The start of the Bidfood.