Blue Label Telecoms Integrated Annual Report 2019

50 Blue Label integrated annual report 2019 Ten-year review 2019 R’000 Restated 1 2018 R’000 2017 R’000 2016 R’000 2015 R’000 2014 R’000 2013 R’000 2012 2 R’000 2011 R’000 2010 R’000 Revenue 25 869 433 26 734 249 26 469 581 26 204 722 22 044 222 19 401 666 18 984 210 18 722 080 18 601 571 17 027 696 Gross profit 2 646 121 2 282 092 2 129 000 1 829 694 1 644 340 1 349 534 1 271 245 1 208 077 1 124 569 1 174 224 GP (%) 10.23 8.54 8.04 6.98 7.46 6.96 6.70 6.45 6.05 6.90 EBIT 209 664 1 097 549 1 174 890 1 142 376 986 146 722 856 645 671 643 828 517 060 569 459 EBITDA 462 680 # 1 340 153 1 287 741 1 240 559 1 080 165 787 993 713 622 735 385 710 192 689 244 Net profit attributable to the parent (6 646 383) 1 122 085 781 254 691 590 577 617 450 230 424 841 438 104 431 448 365 022 Cash from operating activities (80 514) 3 188 144 1 361 959 432 942 132 495 907 332 (439 794) 528 109 427 663 515 910 Cash and cash equivalents 1 377 753 947 888 1 350 666 589 027 788 411 1 184 131 941 282 1 975 242 2 226 170 2 054 902 Capital expenditure 209 959 102 823 113 280 127 131 178 684 149 089 291 605 164 485 186 196 195 817 Ratios EPS (cents) (727.81) 131.13 114.13 103.85 86.86 67.88 64.22 61.87 57.04 48.17 HEPS (cents) (312.49) 130.44 114.19 100.35 82.26 67.98 64.17 64.65 46.20 48.27 Core HEPS (cents) (304.77) 135.62 116.24 102.85 85.11 69.54 66.08 67.15 49.50 52.44 NAV per share (cents) 259.31 988.70 730.63 662.32 578.87 524.40 480.77 432.08 388.90 342.76 Dividends declared per share (cents) – – 40* 36* 31* 27* 25* 23* 14 12 Dividend cover on headline earnings (cents) – – 2.23* 2.75* 2.62* 2.48* 2.52* 2.95* 3.30 4.02 Weighted average number of shares (’000) 913 208 855 687 684 508 665 950 665 030 663 298 661 578 708 060 756 359 757 793 Number of employees at year-end – subsidiaries 1 111 874 796 776 1 305 1 176 1 112 1 216 1 357 1 620  * Gross ordinary dividend. 1 As a result of the prior year errors relating to revenue classification (principal versus agent), put option liability classification and venture capital accounting to equity accounting, the Group has restated its comparatives. 2 Includes a once-off income receipt of R79.4 million. # On exclusion of impairments and fair value losses referred to on page 38 of the Financial Director’s report, EBITDA generated by the Group increased from R1.34 billion to R1.65 billion.