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Phuthuma Nathi Investments (RF) Limited
Integrated annual report 2018
113
Financial review
(continued)
Notes to the summarised annual financial
statements
(continued)
for the year ended 31 March
Summarised financial information of unlisted associate as per its
annual financial statements
2018
R’000
2017
R’000
Total assets
27 100 381
28 209 829
Total liabilities
18 232 072
20 112 222
Revenue
40 165 003
40 543 644
Cost of providing services and sale of goods
(21 544 531)
(22 799 870)
Gross profit
18 620 472
17 743 774
Other gains
18 489
19 648
Selling, general and administration costs
(7 959 148)
(7 602 656)
Operating profit
10 679 813
10 160 766
Finance income
320 841
212 384
Foreign exchange differences
659 995
(250 524)
Impairment of equity-accounted investments
(201)
(10 311)
Share of equity-accounted investment results
(96 767)
(66 843)
Profit on sale of business
117 756
87 456
Finance costs
(644 929)
(673 717)
Profit before taxation
11 036 508
9 459 211
Taxation
(3 247 202)
(2 631 432)
Net profit
7 789 306
6 827 779
Other comprehensive losses
(485 220)
(551 674)
Total comprehensive income
7 304 086
6 276 105
As at 31 March 2018 the company’s associate had a contingent liability of R342,7m
(2017: R340m) as an estimate of potential liabilities.