Interim Results - Part 2
August 30 2001 - 3:01AM
UK Regulatory
RNS Number:0922J
NMBZ Holdings Ld
30 August 2001
PART TWO
NMBZ HOLDINGS LIMITED
NOTES TO THE HISTORICAL ACCOUNTS
a. Other income
Unaudited Unaudited Audited
6 months 6 months Year
ended ended ended
30 June 30 June 31 December
2001 2000 2000
Z$'000 Z$'000 Z$'000
Net commission and fee income 76 656 22 599 92 640
Gains less losses from investment
securities 218 396 100 270 -
Broking income 65 660 15 288 20 887
Profit on disposal of fixed assets 3 103 - 1 181
Other operating income 2 962 25 395 9 177
-------- -------- --------
366 777 163 552 123 885
======== ======== ========
b. Operating expenditure
The operating profit is after
charging the following:
Administration costs 115 929 44 632 150 393
Provision for audit fees 1 436 498 3 485
Depreciation 55 846 12 595 56 240
- Fixed assets leased to customers 1 132 4 074 6 833
- Own assets 54 714 8 521 49 407
Directors remuneration 17 354 11 538 27 865
Paid by subsidiary companies:
- Fees for services as directors 817 264 920
- Other emoluments 16 537 11 274 26 945
Staff costs 233 131 130 670 170 807
-------- -------- --------
423 696 199 933 408 790
======== ======== ========
c. Earnings per share
c.1 Basic earnings per share
The calculation of basic earnings per share for the six months ended 30 June
2001 of 2 587.1 cents (2000 - 1 177.6 cents) is based on profit after
taxation attributable to ordinary shareholders of Z$745 028 000
(2000 - Z$335 213 000) and the weighted average shares in issue of
28 797 538 (2000 - 28 465 589). The calculation of basic earnings per share
for the year ended 31 December 2000 of 2 201.4 cents is based on the profit
after tax attributable to ordinary shareholders of Z$626 762 000 and on
28 471 701 weighted average shares in issue.
c.2 Headline earnings per share
The calculation of headline earnings per share for the six months ended 30
June 2001 of 2 576.3 cents (2000 - 1 177.6 cents) is based on adjusted profit
after taxation attributable to ordinary shareholders of Z$741 925 000
(2000 - Z$335 213 000) and the weighted average shares in issue of 28 797 538
(2000 - 28 465 589). The calculation of headline earnings per share for the
year ended 31 December 2000 of 2 197.2 cents is based on the profit after tax
attributable to ordinary shareholders of Z$625 581 000 and on 28 471 701
weighted average shares in issue. The adjustments were as follows:-
Unaudited Unaudited Audited
6 months 6 months Year
ended ended ended
30 June 30 June 31 December
2001 2000 2000
Z$'000 Z$'000 Z$'000
Profit attributable to shareholders 745 028 335 213 626 762
Deduct non-recurring items:
Profit on disposal of fixed assets (3 103) - (1 181)
-------- -------- --------
741 925 335 213 625 581
======== ======== ========
Weighted average number of
shares (000's) 28 798 28 466 28 472
======== ======== ========
The headline earnings are calculated in accordance with Statement of
Investment Practice No.1 issued by the Institute of Investment Management and
Research to assist users of accounts identify earnings derived from trading
activities.
c.3 Diluted earnings per share
The diluted earnings per share for the six months ended 30 June 2001 is
2 587.1 cents (2000 - 1 162.4 cents). The calculation is based on profit
after taxation attributable to ordinary shareholders of Z$745 028 000
(2000 - Z$335 213 000) and on shares of 28 797 538 (2000 - 28 837 716). The
calculation of diluted earnings per share for the year ended 31 December 2000
of 2 149.9 cents is based on profit after taxation attributable to ordinary
shareholders of Z$626 762 000 and on diluted shares of 29 153 051.
No dilution in earnings per share arose from share options granted to senior
employees in terms of the Executive Share Option Scheme at 30 June 2001.
c.4 Diluted headline earnings per share
The diluted headline earnings per share for the six months ended 30 June 2001
is 2 576.3 cents (2000 - 1 162.4 cents). The calculation is based on
adjusted profit after taxation of Z$741 925 000 (2000 - Z$335 213 000) and on
shares of 28 797 538 (2000 - 28 837 716). The calculation of diluted
headline earnings per share for the year ended 31 December 2000 of 2 145.9
cents is based on adjusted profit after taxation of Z$625 581 000 and on
diluted shares of 29 153 051
NMBZ HOLDINGS LIMITED
DIVIDEND ANNOUNCEMENT
The board has declared an interim dividend of 343.0 cents per share on
29 713 650 shares payable to members registered in the books of the company on
13 September 2001. The transfer books and register of members will be closed
from 14 September to 20 September 2001. Dividend cheques to resident
shareholders will be mailed on or about 27 September 2001. The dividends
payable to non-resident shareholders will be paid in accordance with Exchange
Control Regulations. Resident and non-resident shareholders' tax of 15% will be
deducted where applicable.
By Order of the Board
O O Chekeche
Secretary
28 August 2001
Directors: P T Zhanda (Chairman)
J T Makoni (Managing Director)*
O O Chekeche*
C J Constable
M L dos Remedios
J S Friedlander
J A Mushore*
A M T Mutsonziwa
F Zimuto*
*Executive
Transfer Secretaries:
In Zimbabwe In UK
First Transfer Secretaries Computershare Services PLC
13th Floor Caxton House
Century Towers Redcliff Way
45 Samora Machel Avenue Bristol
P O Box 11 BS99 7NH
HARARE UK
Secretary:
O O Chekeche
Registered Offices
Head Office Bulawayo Office
Zimbabwe Zimbabwe
1st Floor NMB Centre
Unity Court Corner George Silundika Avenue/Leopold
Corner First Street/Union Avenue Takawira Street
HARARE BULAWAYO
Telephone (263-4) 759651 Telephone (263-9) 70169
Facsimile (263-4) 759648 Facsimile (263-9) 68535
(263-4) 781119
Website http://www.nmbz.co.zw
http://www.nmbz.com
Email ottoc@nmbz.co.zw
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