South African rand amounts have been translated to U.S. dollars at the exchange rate of R10.4675 per $1.00, which was the R/$ exchange rate reported by the South African Reserve Bank as of December 31, 2013. The U.S. dollar figures may not compute as they are rounded independently.
| MiX TELEMATICS LIMITED | ||||||||||||||||
| RECONCILIATION OF ADJUSTED EBITDA TO PROFIT FOR THE PERIOD | ||||||||||||||||
| South African rand | United States dollar | |||||||||||||||
| Figures are in thousands unless otherwise stated |
Three months
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Three months
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Three months
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Three months
December 31, |
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| 2013 | 2012 | 2013 | 2012 | |||||||||||||
| Unaudited | Unaudited | Unaudited | Unaudited | |||||||||||||
| Adjusted EBITDA | 65,512 | 69,205 | 6,259 | 6,612 | ||||||||||||
| Add: | ||||||||||||||||
| Net profit on sale of property,plant and equipment and intangible assets | 225 | - | 21 | - | ||||||||||||
| Less: | ||||||||||||||||
| Depreciation (1) | 13,413 | 9,815 | 1,281 | 938 | ||||||||||||
| Amortization (2) | 12,140 | 13,754 | 1,159 | 1,314 | ||||||||||||
| Impairment (3) | 414 | - | 39 | - | ||||||||||||
| Share-based compensation costs | 1,191 | 1,061 | 114 | 101 | ||||||||||||
| Net loss on sale of property,plant and equipment and intangible assets | - | 4 | - | * | ||||||||||||
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Foreign currency translation reserve released due to liquidation of intermediary subsidiary holding company |
- | 2,018 | - | 194 | ||||||||||||
| Transaction costs arising from acquisition of a business | 45 | 9 | 4 | 1 | ||||||||||||
| Net realized foreign exchange gains/(losses) (4) | 130 | (394 | ) | 13 | (38 | ) | ||||||||||
| Operating profit | 38,404 | 42,938 | 3,670 | 4,102 | ||||||||||||
| Add: Finance income/(costs) - net | 24,921 | (1,628 | ) | 2,381 | (156 | ) | ||||||||||
| Less: Taxation | 18,708 | 11,896 | 1,787 | 1,136 | ||||||||||||
| Profit for the period | 44,617 | 29,414 | 4,264 | 2,810 | ||||||||||||
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