Notes | 1 | 2 | 3 | 4 | 5
2. Financial highlights
| Rand thousands |
Six months
ended
30 June 2009 Unaudited |
Six months
ended
30 June 2008 Unaudited |
% change |
Year ended
31 December 2008
Audited |
| Profit after tax |
106,429 |
151,186 |
(29.6) |
210,456 |
| Adjusted for: |
|
|
|
|
| Less loss/(gains) on disposal of plant and equipment |
– |
1,512 |
|
(2,542) |
| Less gains on disposal of available-for-sale financial assets |
(23,053) |
(97,465) |
|
(77,292) |
| Add tax effect |
3,228 |
8,884 |
|
10,778 |
| Headline earnings |
86,604 |
64,117 |
35.1 |
141,400 |
| Headline earnings per share (cents) |
711.1 |
526.4 |
|
1,161.0 |
| Earnings per share (cents) |
873.8 |
1,241.3 |
(29.6) |
1,728.0 |
| Ordinary dividends declared per share (cents) |
– |
260.0 |
|
400.0 |
| Dividends paid per share (cents) |
140.0 |
440.0 |
|
700.0 |
| Number of shares in issue |
12,179,500 |
12,179,500 |
|
12,179,500 |
| Net asset value per share (cents) |
15,438 |
15,658 |
(1.4) |
15,245 |
| International solvency margin (%) |
43.1 |
49.1 |
(6.0) |
42.6 |
| Combined ratio (%) |
101.1 |
99.5 |
1.6 |
100.9 |
|