162 Dates of importance to shareholders Annual general meeting October 2015 Financial report Interim report February 2016 Preliminary announcement of annual results August 2016 Annual financial statements September 2016 Ordinary dividends Interim dividends declaration February 2016 payable March 2016 Final dividends declaration August 2016 payable September 2016
DISTELL INTEGRATED REPORT 2015 Definitions and ratios Acid test ratio Current assets, excluding inventories, divided by total current liabilities. Cash flow per ordinary share Cash flow from operating activities before dividends paid, divided by the weighted number of ordinary shares in issue. This basis identifies the cash stream actually achieved in the period under review. Cash and cash equivalents For the purposes of the cash flow statement, cash and cash equivalents comprise cash on hand, deposits held at call with banks and investments in money market instruments, net of bank overdrafts. In the statement of financial position, bank overdrafts are included in interest-bearing borrowings under current liabilities. Current ratio Current assets divided by total current liabilities. Dividend cover Headline earnings per ordinary share divided by dividends per ordinary share. Normalised earnings basis taking into account the adjustments for the remeasurement of contingent consideration, divided by the weighted average number of ordinary shares in issue. Earnings yield Headline earnings per ordinary share divided by the closing share price at year-end on the JSE Limited (JSE). Effective tax rate The tax charge for the year divided by the profit before taxation. Financial gearing ratio The ratio of interest-bearing borrowings, net of cash and cash equivalents, to total equity. Interest-free borrowings to total assets Interest-free borrowings, excluding postretirement medical liability, divided by total assets (both excluding deferred income tax). Net asset turn Revenue divided by net assets at year-end. 163 Dividend yield Dividends per ordinary share divided by the weighted average price per share during the year. Earnings per ordinary share Basic earnings basis Earnings attributable to equity holders divided by the weighted average number of ordinary shares in issue. Headline basis taking into account the adjustments explained in note 26.1, divided by the weighted average number of ordinary shares in issue. Cash equivalent basis taking into account the adjustments explained in note 26.1, divided by the weighted average number of ordinary shares in issue. This basis recognises the potential of the earnings stream to generate cash. Net asset value per ordinary share Total equity divided by the number of ordinary shares in issue. Pre-tax return on equity Profit before taxation as a percentage of closing equity. Price earnings ratio The closing share price at year-end on the JSE, divided by headline earnings per ordinary share for that year. Return on equity Headline earnings divided by closing equity. Total return to shareholders This represents the internal rate of return over a seven-year period. It is computed by recognising the market price of a Distell ordinary share seven years ago as a cash outflow, recognising the annual cash dividend streams per share and the closing share price at the end of the current year as inflows and then determining the discount rate inherent to these cash flow streams.
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Administration DISTELL INTEGRATED REPORT 2015 Distell Group Limited Incorporated in the Republic of South Africa (Registration number: 1988/005808/06) ISIN: ZAE000028668 JSE share code: DST Company secretary L Malan Registered office Aan-de-Wagenweg, Stellenbosch 7600 PO Box 184, Stellenbosch 7599 Telephone: 021 809 7000 Facsimile: 021 886 4611 E-mail: info@distell.co.za Transfer secretaries Computershare Investor Services Proprietary Limited 70 Marshall Street, Johannesburg 2001 PO Box 61051, Marshalltown 2107 Telephone: 011 370 7700 Facsimile: 011 688 5238 Auditors PricewaterhouseCoopers Inc. Stellenbosch Listing JSE Limited Sector: Consumer Goods Food and Beverage Beverages Sponsor Rand Merchant Bank (a division of FirstRand Bank Limited) Website www.distell.co.za 165