SUMMARY CONSOLIDATED INCOME STATEMENT for the year ended 31 March 2022

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	Note	2022 ZAR'm	2021 ZAR'm	% change

Revenue	2	55 240	53 338	4
Cost of providing services and sale of goods¹		(29 769)	(27 812)	7
Selling, general and administration expenses		(14 852)	(15 048)	(1)
Net impairment loss on trade receivables		(58)	(152)
Other operating (losses)/gains – net	5	(265)	132
Operating profit		10 296	10 458	(2)
Interest income	4	260	366
Interest expense	4	(1 210)	(1 080)
Net foreign exchange translation losses	4	(2 118)	(757)
Share of equity-accounted results		(134)	(58)
Other losses	5	–	(25)
Profit before taxation	5	7 094	8 904	(20)
Taxation²		(4 210)	(4 827)
Profit for the year		2 884	4 077	(29)
Attributable to:
Equity holders of the group		1 358	2 161
Non-controlling interests		1 526	1 916
		2 884	4 077	(29)
Basic and diluted earnings for the year (ZAR'm)		1 358	2 161	(37)
Basic earnings per ordinary share (SA cents)	3	318	506	(37)
Diluted earnings per ordinary share (SA cents)	3	309	497	(38)

¹	The increase in the cost of providing services and sale of goods is primarily due to higher content costs in the current year. This increase was mainly driven by the deferral of content costs from FY21, the costing of major sporting events in the current year, non-recurring content refunds and the group’s continued ramp-up in local content investment.
²	The effective tax rate has increased from the prior year primarily due to an increase in foreign exchange losses (in respect of which deferred tax assets were not raised) and an increase in uncertain tax positions in the Rest of Africa segment.