Condensed consolidated income statement

for the year ended June 30

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R’000              
  2016
Reviewed		     2015
Re-presented#
Reviewed		   %
change		  
Turnover  91 755 042          88 628 961      3,5     
Revenue   68 241 101         65 877 489      3,6     
Cost of revenue   (48 342 240)       (46 912 138)         
Gross income   19 898 861         18 965 351      4,9     
Operating expenses   (14 602 043)       (13 732 222)    6,3     
   Sales and distribution costs   (9 361 693)       (8 876 349)         
   Administration expenses   (3 683 769)       (3 423 438)         
   Other costs   (1 556 581)       (1 432 435)         
Other income   299 967         189 812           
Trading result   5 596 785         5 422 941      3,2     
Income from investments   156 694         165 605           
Trading profit   5 753 479         5 588 546      3,0     
Share-based payment expense   (139 698)       (138 785)         
Acquisition costs   (8 416)        (30 630)         
Net capital items   (1 175 240)       (55 105)         
Operating profit   4 430 125         5 364 026      (17,4)   
Net finance charges   (922 114)       (811 336)    13,7     
   Finance income   194 617         75 757           
   Finance charges   (1 116 731)       (887 093)         
Share of profit of associates   149 983         202 435      (25,9)   
Profit before taxation   3 657 994         4 755 125      (23,1)   
Taxation   (1 215 487)       (1 339 839)    (9,3)   
Profit for the year from continuing operations   2 442 507         3 415 286      (28,5)   
Profit after tax from discontinued operations   79 253 352         2 744 090           
Profit for the year   81 695 859         6 159 376           
Attributable to:                       
   Shareholders of the Company – continuing operations   2 285 850         3 165 796           
   Shareholders of the Company – discontinued operations   79 215 705         2 732 610           
   Non-controlling interest – continuing operations   156 657         249 490           
   Non-controlling interest – discontinued operations   37 647         11 480           
  81 695 859         6 159 376           
Shares in issue                       
   Total#   332 672         328 666           
   Weighted (’000)#   330 036         326 406           
   Diluted weighted (’000)#  331 210         328 220           
Basic earnings per share (cents) – continuing operations   692,6         969,9      (28,6)   
Diluted basic earnings per share (cents) – continuing operations   690,2         964,5      (28,4)   
Headline earnings per share (cents) – continuing operations   1 054,1         1 028,9      2,5     
Diluted headline earnings per share (cents) – continuing operations   1 050,4         1 023,2      2,7     
Basic earnings per share (cents) – discontinued operations   24 002,2         837,2      2 767,0     
Diluted basic earnings per share (cents) – discontinued operations   23 917,0         832,6      2 772,6     
Dividends per share (cents)   714,0         909,0      (21,5)   
   Interim   482,0         426,0      13,1     
   Final   232,0         483,0      (52,0)   
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   2 285 850         3 165 796        (27,8)   
Impairment of property, plant and equipment; goodwill and intangible assets   153 475         5 046           
   Property, plant and equipment   34 995         6 591           
   Goodwill   52 111         –           
   Intangible assets   102 021         –           
   Tax relief   (35 652)       (1 545)         
Net loss (profit) on disposal of interests in subsidiaries and disposal and closure of businesses     139 001           (51 895)         
   Loss (profit) on disposal and closure 178 176         (93 966)           
   Tax charge   (39 175)       42 071           
Net loss on disposal,impairment and reversal of impairment of investments in associates     810 759           254 493           
   Impairment of investments in associate   760 764         305 047           
   Net loss (profit) on change in shareholding in associates   49 995         (59 284)         
   Tax charge   –         8 730           
Net profit on disposal of property, plant and equipment and intangible assets     2 265           (47 406)         
   Property, plant and equipment   5 601         (103 283)           
   Intangible assets   887         –           
   Tax charge   (2 843)       1 044           
   Non-controlling interest   (1 380)       54 833           
Gain on a bargain purchase   (9 310)       –           
Non-headline items included in equity accounted earnings of associate companies   96 961          32 217           
Headline earnings   3 479 001        3 358 251      3,6     
# refer to re-presentation of comparative information in basis of presentation of condensed consolidated financial statements on page 14.