SUMMARY CONSOLIDATED INCOME STATEMENT
for the year ended 31 March 2020
| Download (EXCEL) |
| Notes | 2020 ZAR'm |
Restated1 2019 ZAR'm |
% change |
|||||
| Revenue | 2 | 51 387 | 50 095 | 3 | ||||
|---|---|---|---|---|---|---|---|---|
| Cost of providing services and sale of goods | (28 454) | (29 203) | ||||||
| Selling, general and administration expenses | (14 571) | (13 645) | ||||||
| Net impairment (loss)/reversal on trade receivables | (175) | 149 | ||||||
| Other operating gains/(losses) – net | 80 | (33) | ||||||
| Operating profit | 8 267 | 7 363 | 12 | |||||
| Interest income | 5 | 435 | 910 | |||||
| Interest expense | 5 | (1 039) | (1 437) | |||||
| Net foreign exchange translation losses | 5 | (2 256) | (1 492) | |||||
| Empowerment transaction | 4 | – | (2 564) | |||||
| Share of equity-accounted results | (44) | (171) | ||||||
| Other losses | 6 | (49) | (112) | |||||
| Profit before taxation | 6 | 5 314 | 2 497 | >100 | ||||
| Taxation2 | (3 444) | (3 773) | ||||||
| Profit/(loss) for the year | 1 870 | (1 276) | >100 | |||||
| Attributable to: | ||||||||
| Equity holders of the group | 507 | (1 644) | ||||||
| Non-controlling interests | 1 363 | 368 | ||||||
| 1 870 | (1 276) | |||||||
| Basic and diluted earnings/(loss) for the year (ZAR'm) | 507 | (1 644) | >100 | |||||
| Basic earnings/(loss) per ordinary share (SA cents) | 3 | 117 | (374) | >100 | ||||
| Diluted earnings/(loss) per ordinary share (SA cents) | 3 | 115 | (374) | >100 |
| 1 | The group has reclassified expected credit losses on trade receivables from selling, general and administration expenses to net impairment (loss)/reversal on trade receivables. This reclassification was done to align with the requirements of IAS 1 in FY20. The amount reclassified is not considered to be material and the FY19 comparatives have been restated accordingly. |
| 2 | The effective tax rate has reduced from the prior year due to the non-recurrence of the empowerment transaction and a reduction in losses in the Rest of Africa segment. |
