84 / 198
For the year ended 31 May 2016
BLUE LABEL INTEGRATED ANNUAL REPORT 2016
82
2016
R’000
2015
R’000
Net profit for the year
731 612
581 193
Other comprehensive income:
Items reclassified to profit or loss
Foreign currency translation reserve reclassified to profit or loss*
—
(18 467)
Items that may be subsequently reclassified to profit or loss
Foreign exchange profit/(loss) on translation of associates and joint ventures*
81 544
(10 497)
Foreign exchange (loss)/profit on translation of foreign operations*
(15)
5 863
Other comprehensive income/(loss) for the year, net of tax
81 529
(23 101)
Total comprehensive income for the year
813 141
558 092
Total comprehensive income for the year attributable to:
Equity holders of the parent
770 652
549 691
Non-controlling interest
42 489
8 401
* These components of other comprehensive income do not attract any tax.
GROUP INCOME STATEMENT
Notes
2016
R’000
2015
R’000
Revenue
1.2
26 204 722
22 044 222
Other income
126 294
99 972
Changes in inventories of finished goods
(24 375 028)
(20 399 882)
Employee compensation and benefit expense
5.2
(427 116)
(407 448)
Depreciation, amortisation and impairment charges
(98 183)
(94 019)
Other expenses
(288 313)
(256 699)
Operating profit
1.3
1 142 376
986 146
Finance costs
1.4
(214 110)
(233 165)
Finance income
1.4
193 899
173 047
Share of losses from associates and joint ventures
2.1
(71 770)
(79 338)
Net profit before taxation
1 050 395
846 690
Taxation
7.1
(318 783)
(265 497)
Net profit for the year
731 612
581 193
Net profit for the year attributable to:
Equity holders of the parent
691 590
577 617
Non-controlling interest
40 022
3 576
Earnings per share for profit attributable to:
Equity holders (cents)
– Basic
1.5
103.85
86.86
– Diluted
1.5
102.84
85.03
For the year ended 31 May 2016
GROUP STATEMENT OF COMPREHENSIVE INCOME