Summarised consolidated income statement
for the year ended 30 June
|
2017 Audited R'000 |
2016 Audited R'000 |
% change |
||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | 70 998 001 | 68 241 101 | 4,0 | |||||
| Cost of revenue | (50 342 325) | (48 342 240) | ||||||
| Gross income | 20 655 676 | 19 898 861 | 3,8 | |||||
| Operating expenses | (15 131 637) | (14 602 043) | 3,6 | |||||
| Sales and distribution costs | (9 719 858) | (9 361 693) | ||||||
| Administration expenses | (3 698 671) | (3 683 769) | ||||||
| Other costs | (1 713 108) | (1 556 581) | ||||||
| Other income | 282 122 | 299 967 | ||||||
| Trading result | 5 806 161 | 5 596 785 | 3,7 | |||||
| Income from investments | 210 776 | 156 694 | ||||||
| Trading profit | 6 016 937 | 5 753 479 | 4,6 | |||||
| Share-based payment expense | (143 145) | (139 698) | ||||||
| Acquisition costs | (24 230) | (8 416) | ||||||
| Net capital items | 1 027 588 | (1 175 240) | ||||||
| Operating profit | 6 877 150 | 4 430 125 | 55,2 | |||||
| Net finance charges | (1 059 560) | (922 114) | 14,9 | |||||
| Finance income | 232 069 | 194 617 | ||||||
| Finance charges | (1 291 629) | (1 116 731) | ||||||
| Share of profit of associates | 379 231 | 149 983 | 152,8 | |||||
| Profit before taxation | 6 196 821 | 3 657 994 | 69,4 | |||||
| Taxation | (1 328 232) | (1 215 487) | 9,3 | |||||
| Profit for the period from continuing operations | 4 868 589 | 2 442 507 | 99,3 | |||||
| Profit after taxation from discontinued operations | – | 79 253 352 | ||||||
| Profit for the year | 4 868 589 | 81 695 859 | ||||||
| Attributable to: | ||||||||
| Shareholders of the Company | 4 769 940 | 2 285 850 | ||||||
| Non-controlling interest | 98 649 | 156 657 | ||||||
| Shareholders of the Company – discontinued operations | – | 79 215 705 | ||||||
| Non-controlling interest – discontinued operations | – | 37 647 | ||||||
| 4 868 589 | 81 695 859 | |||||||
| Basic earnings per share (cents) | 1 430,3 | 692,6 | 106,5 | |||||
| Diluted basic earnings per share (cents) | 1 423,4 | 690,2 | 106,2 | |||||
| Headline earnings per share (cents) | 1 108,2 | 1 054,1 | 5,1 | |||||
| Diluted headline earnings per share (cents) | 1 102,9 | 1 050,4 | 5,0 | |||||
| Shares in issue | ||||||||
| Total | 335 094 | 332 672 | ||||||
| Weighted ('000) | 333 497 | 330 036 | ||||||
| Diluted weighted ('000) | 335 098 | 331 210 | ||||||
| Dividends per share (cents) | 491,0 | 714,0 | (31,2) | |||||
| Interim | 227,0 | 482,0 | (52,9) | |||||
| Final | 264,0 | 232,0 | 13,8 | |||||
| Discontinued operations | ||||||||
| Basic earnings per share (cents) | – | 24 002,2 | ||||||
| Diluted basic earnings per share (cents) | – | 23 917,0 | ||||||
| Dividend in specie per share (cents) | – | 27 818,0 | ||||||
| Headline earnings | ||||||||
| The following adjustments to profit attributable to shareholders were taken into account in the calculation of headline earnings: | ||||||||
| Profit attributable to shareholders of the Company | 4 769 940 | 2 285 850 | 108,7 | |||||
| Impairment of property, plant and equipment, goodwill and intangible assets | (1 403) | 153 475 | ||||||
| Property, plant and equipment | (1 147) | 34 995 | ||||||
| Goodwill | – | 52 111 | ||||||
| Intangible assets | – | 102 021 | ||||||
| Taxation effect | 158 | (35 652) | ||||||
| Non-controlling interest | (414) | – | ||||||
| Net loss on disposal of interests in subsidiaries and disposal and closure of businesses | 50 874 | 139 001 | ||||||
| Loss on disposal and closure | 65 311 | 178 176 | ||||||
| Taxation effect | (14 437) | (39 175) | ||||||
| Net (profit) loss on disposal and remeasurement | (1 080 926) | 810 759 | ||||||
| Remeasurement to recoverable fair value of associates | (1 144 633) | 760 764 | ||||||
| Net loss on change in shareholding in associates | 82 072 | 49 995 | ||||||
| Taxation effect | (18 365) | – | ||||||
| Net (profit) loss on disposal of property, plant and equipment and intangible assets | (7 114) | 2 265 | ||||||
| Property, plant and equipment | (8 446) | 5 601 | ||||||
| Intangible assets | (9 371) | 887 | ||||||
| Taxation effect | 2 909 | (2 843) | ||||||
| Non-controlling interest | 7 794 | (1 380) | ||||||
| Gain on a bargain purchase | (11 374) | (9 310) | ||||||
| Non-headline items included in equity accounted earnings of associate companies | (24 265) | 96 961 | ||||||
| Headline earnings | 3 695 732 | 3 479 001 | 6,2 | |||||