Summarised consolidated income statement
for the year ended June 30
R000s |
2014
Audited |
|
|
2013
Audited |
|
Percentage
change |
|
| Turnover |
183 645 179 |
|
|
153 404 532* |
|
19,7 |
|
| Revenue |
161 612 418 |
|
|
132 513 546* |
|
22,0 |
|
| Gross profit |
37 364 655 |
|
|
30 364 560 |
|
23,1 |
|
| Other income |
856 894 |
|
|
800 817 |
|
|
|
| Operating expenses |
(29 276 028) |
|
|
(23 490 150) |
|
24,6 |
|
| Sales and distribution costs |
(19 324 756) |
|
|
(15 610 550) |
|
23,8 |
|
| Administration expenses |
(6 674 996) |
|
|
(5 002 728) |
|
33,4 |
|
| Other costs |
(3 276 276) |
|
|
(2 876 872) |
|
13,9 |
|
 |
|
|
|
|
|
|
|
| Trading profit |
8 945 521 |
|
|
7 675 227 |
|
16,6 |
|
| Share-based payment expense |
(187 119) |
|
|
(119 650) |
|
|
|
| Acquisition costs |
(74 044) |
|
|
(14 181) |
|
|
|
| Net capital items |
(802 373) |
|
|
(102 476) |
|
|
|
| Operating profit |
7 881 985 |
|
|
7 438 920 |
|
6,0 |
|
| Net finance charges |
(1 048 295) |
|
|
(764 546) |
|
37,1 |
|
| Finance income |
90 232 |
|
|
76 659 |
|
|
|
| Finance charges |
(1 138 527) |
|
|
(841 205) |
|
|
|
| Share of profit of associates |
110 142 |
|
|
161 824 |
|
(31,9) |
|
| Dividends received |
76 788 |
|
|
64 466 |
|
|
|
| Share of current period earnings |
33 354 |
|
|
97 358 |
|
|
|
|
|
|
|
|
|
|
|
| Profit before taxation |
6 943 832 |
|
|
6 836 198 |
|
1,6 |
|
| Taxation |
(2 107 173) |
|
|
(1 783 782) |
|
|
|
| Profit for the year |
4 836 659 |
|
|
5 052 416 |
|
(4,3) |
|
| Attributable to: |
|
|
|
|
|
|
|
| Shareholders of the Company |
4 603 307 |
|
|
4 772 432 |
|
(3,5) |
|
| Minority shareholders |
233 352 |
|
|
279 984 |
|
|
|
| |
4 836 659 |
|
|
5 052 416 |
|
(4,3) |
|
| Shares in issue |
|
|
|
|
|
|
|
| Total |
318 916 |
|
|
313 555 |
|
|
|
| Weighted (’000) |
314 873 |
|
|
312 577 |
|
|
|
| Diluted weighted (’000) |
316 859 |
|
|
314 379 |
|
|
|
| Basic earnings per share (cents) |
1 462,0 |
|
|
1 526,8 |
|
(4,2) |
|
| Diluted basic earnings per share (cents) |
1 452,8 |
|
|
1 518,1 |
|
(4,3) |
|
| Headline earnings per share (cents) |
1 733,9 |
|
|
1 560,6 |
|
11,1 |
|
| Diluted headline earnings per share (cents) |
1 723,0 |
|
|
1 551,6 |
|
11,0 |
|
| Distributions per share (cents)** |
834,1 |
|
|
720,0 |
|
15,8 |
|
| Interim |
398,1 |
|
|
324,0 |
|
22,9 |
|
| Final |
436,0 |
|
|
396,0 |
|
10,1 |
|
|
|
|
|
|
|
|
|
| * |
These numbers have been re-presented to reflect the Group’s revised disclosure in respect of clearing and forwarding disbursement recoveries. |
| ** |
Distributions include capitalisation issues at market value. |
R000s |
2014
Audited |
|
|
2013
Audited |
|
Percentage
change |
|
| 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 |
4 603 307 |
|
|
4 772 432 |
|
(3,5) |
|
| Impairment of property, plant and equipment, goodwill and intangible assets |
18 731 |
|
|
101 101 |
|
|
|
| Property, plant and equipment |
1 964 |
|
|
3 536 |
|
|
|
| Goodwill |
– |
|
|
29 328 |
|
|
|
| Intangible assets |
20 961 |
|
|
98 637 |
|
|
|
| Tax relief |
(4 194) |
|
|
(30 400) |
|
|
|
| Net loss on disposal of interests in subsidiaries and disposal and closure of businesses |
70 |
|
|
12 779 |
|
|
|
| Loss on disposal and closure |
70 |
|
|
17 749 |
|
|
|
| Tax relief |
– |
|
|
(4 970) |
|
|
|
| Net loss (profit) on disposal, impairment and reversal of impairment of investments in associates |
906 542 |
|
|
(41 230) |
|
|
|
| Impairment of investments in associate |
1 056 060 |
|
|
75 000 |
|
|
|
| Reversal of impairment of investments in associate |
(130 000) |
|
|
(80 000) |
|
|
|
| Net profit on change in shareholding in associates |
(47 560) |
|
|
(47 988) |
|
|
|
| Tax charge |
28 042 |
|
|
11 758 |
|
|
|
| Net loss (profit) on disposal of property, plant and equipment |
(3 136) |
|
|
4 183 |
|
|
|
| Property, plant and equipment |
(1 888) |
|
|
6 214 |
|
|
|
| Intangible assets |
(1 967) |
|
|
– |
|
|
|
| Tax charge (relief) |
244 |
|
|
(2 031) |
|
|
|
| Minority shareholders |
475 |
|
|
– |
|
|
|
| Negative goodwill recognised in profit |
(24 338) |
|
|
– |
|
|
|
| Net fair value adjustment arising on acquisition of control of associates |
(70 929) |
|
|
– |
|
|
|
| Non-headline items included in equity-accounted earnings of associate companies |
29 303 |
|
|
28 755 |
|
|
|
| Headline earnings |
5 459 550 |
|
|
4 878 020 |
|
11,9 |
|
|
