Consolidated income statement
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R'000 | Half-year ended 31 December 2017 Unaudited |
Half-year ended 31 December 2016 Unaudited |
Year ended 30 June 2017 Audited |
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Revenue | 3 841 588 | 3 284 813 | 7 223 959 | ||||||
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Turnover | 3 138 720 | 2 721 760 | 5 945 266 | ||||||
Cost of sales | (2 416 102) | (1 893 337) | (4 200 692) | ||||||
Gross profit | 722 618 | 828 423 | 1 744 574 | ||||||
Fees and commission earned from joint venture | 458 174 | 421 616 | 920 055 | ||||||
Other income | 291 731 | 192 390 | 372 317 | ||||||
Bargain purchase gain | – | – | 256 755 | ||||||
Impairment of non-financial assets | (21 564) | – | |||||||
Other expenses | (336 003) | (297 070) | (801 762) | ||||||
Unrealised foreign exchange loss | (81 998) | – | – | ||||||
Finance costs | (8 912) | (7 324) | (19 662) | ||||||
Profit before taxation and joint venture | 1 024 046 | 1 138 035 | 2 472 277 | ||||||
Taxation | (262 764) | (300 823) | (583 420) | ||||||
Profit after taxation, before joint venture | 761 282 | 837 212 | 1 888 857 | ||||||
Share of profit from joint venture, after taxation | 1 728 868 | 1 418 662 | 3 266 282 | ||||||
Share of loss from associates, after taxation | (8 404) | (7 011) | (16 809) | ||||||
Profit for the period | 2 481 746 | 2 248 863 | 5 138 330 | ||||||
Attributable to: | |||||||||
Shareholders of the holding company | 2 454 375 | 2 219 151 | 5 021 171 | ||||||
Non-controlling shareholders | 27 371 | 29 712 | 117 159 | ||||||
As above | 2 481 746 | 2 248 863 | 5 138 330 | ||||||
Earnings as above | 2 454 375 | 2 219 151 | 5 021 171 | ||||||
Impairment of non-financial assets | 21 564 | – | |||||||
Profit on disposal of available-for-sale investments | (42 565) | – | – | ||||||
Profit on disposal of property, plant and equipment | (5 619) | (2 410) | 1 670 | ||||||
Impairment arising on the sale of Dwarsrivier in joint venture | – | 373 014 | 373 014 | ||||||
Bargain purchase gain (Dwarsrivier) | – | (44 659) | (256 755) | ||||||
Impairment of non-financial assets in joint venture entity | – | – | 96 501 | ||||||
Taxation effect of above items | 1 258 | – | (26 555) | ||||||
Headline earnings | 2 429 013 | 2 545 096 | 5 209 046 | ||||||
Earnings per share (basic and diluted – cents) | 2 379 | 2 151 | 4 865 | ||||||
Headline earnings per share (basic and diluted – cents) | 2 355 | 2 467 | 5 047 | ||||||
Dividends per share declared in respect of the profit for the period (cents) | 1 000 | 600 | 1 400 | ||||||
– interim | 1 000 | 600 | 600 | ||||||
– final | 800 | ||||||||
Weighted average number of ordinary shares (million) | |||||||||
Ordinary shares in issue | 139,61 | 139,61 | 139,61 | ||||||
Weighted impact of treasury shares held in trust | (36,45) | (36,43) | (36,40) | ||||||
103,16 | 103,18 | 103,21 |