Reviewed

Audited

2004

2003

Rm

Rm

Capital and reserves at 1 March

1 014.1

1 220.9

   Change in accounting policies (note  4)

 74.9

      (103.9)

Capital and reserves - as restated

1 089.0

1 117.0

Net profit for the year

 515.7

 453.8

Dividends paid

( 316.7)

( 258.5)

Share repurchases

( 33.2)

( 181.3)

Take up of share options

 10.2

               -  

Revaluation of investments

 60.3

               -  

Foreign currency translation

 23.9

( 116.9)

Capital and reserves at 29 February

1 349.2

1 014.1