Integrated Annual Report 2011
Financial statements
Consolidated financial statements
- Approval of the annual financial
- Certificate by company secretary
- Independent auditors' report to the members of Assore Limited
- Directors' report
- Consolidated statement of financial position
- Consolidated income statement
- Consolidated statement of comprehensive income
- Consolidated statement of cash flow
- Consolidated statement of changes in equity
- Notes to the consolidated financial statements
Company financial statements
- Company statement of financial position
- Company income statement
- Company statement of comprehensive income
- Company statement of cash flow
- Company statement of changes in equity
- Notes to the company financial statements
Consolidated income statement
for the year ended 30 June 2011
| Note | 2011 | 2010 | |
|---|---|---|---|
| R’000 | R’000 | ||
| Revenue | 19 | 11 180 035 | 7 565 582 |
| Turnover | 10 547 806 | 7 085 669 | |
| Cost of sales | 6 044 740 | 4 787 703 | |
| Gross profit | 4 503 066 | 2 297 966 | |
| Net technical fees and commissions on sales | 313 369 | 229 382 | |
| Investment income | 171 010 | 208 597 | |
| Foreign exchange gains (refer note 21) | 254 132 | 140 513 | |
| Other income | 110 221 | 54 243 | |
| Finance costs | 20 | (77 790) | (123 633) |
| Foreign exchange losses (refer note 21) | (155 901) | (19 723) | |
| Staff remuneration and benefits | (223 091) | (150 115) | |
| Other expenses | (78 806) | (302 770) | |
| Profit before taxation and State’s share of profits | 21 | 4 816 210 | 2 334 460 |
| Taxation and State’s share of profits | 22 | 1 566 524 | 822 963 |
| Profit for the year | 3 249 686 | 1 511 497 | |
| Attributable to: | |||
| Shareholders of the holding company | 3 219 754 | 1 479 524 | |
| Non-controlling interests | 29 932 | 31 973 | |
| As above | 3 249 686 | 1 511 497 | |
| Earnings per share (cents) (basic and diluted) | 23 | 2 691 | 1 236 |
