Blue Label Telecoms Integrated Annual Report 2019

24 Blue Label annual financial statements 2019 Group income statement For the year ended 31 May 2019 Group statement of comprehensive income For the year ended 31 May 2019 Notes 2019 R’000 Restated* 2018 R’000 Revenue 1.2 25 869 433 26 734 249 Other income 120 914 81 704 Changes in inventories of finished goods (23 037 901) (24 375 756) Finance costs incurred in the generation of revenue (185 411) (76 401) Employee compensation and benefit expense 5.2 (594 183) (524 187) Depreciation and amortisation (253 016) (155 540) Impairments and fair value losses 1.3 (1 212 089) (158 657) Other expenses (498 083) (427 863) Operating profit 1.3 209 664 1 097 549 Finance costs 1.4 (245 957) (306 636) Finance income 1.4 99 705 195 298 Impairments on associates and joint venture 1.3 (2 669 076) — Share of (losses)/gains from associates and joint ventures 2.1 (3 701 410) 520 628 (Loss)/profit before taxation (6 307 074) 1 506 839 Taxation 7.1 (315 122) (331 069) (Loss)/profit for the year (6 622 196) 1 175 770 (Loss)/profit for the year attributable to: Equity holders of the parent (6 646 383) 1 122 085 Non-controlling interest 24 187 53 685 Earnings per share for (loss)/profit attributable to: Equity holders (cents) — Basic 1.5 (727.81) 131.13 — Diluted 1. 1.5 123.03 * As a result of the prior year errors the Group has restated their comparative financial information. Refer to note 11 for details. 1. There are no dilutive instruments in the current year. Included on the face of the Group income statement is a line item called “Finance costs incurred in the generation of revenue”. In the prior year these finance costs were included in “Changes in inventories of finished goods”. Included on the face of the Group income statement is a line item called “Impairments and fair value losses”. In the prior year impairments or fair value losses were included in either “Other expenses” or “Depreciation, amortisation and impairment”. In order to enhance the disclosure of these costs the Group now discloses them on separate line items. 2019 R’000 Restated* 2018 R’000 Net (loss)/profit for the year (6 622 196) 1 175 770 Other comprehensive income: Items reclassified to profit or loss Foreign currency translation reserve reclassified to profit or loss* (144) (3 097) Items that may be subsequently reclassified to profit or loss Foreign exchange profit/(loss) on translation of associates and joint ventures* 45 868 (7 681) Foreign exchange profit/(loss) on translation of foreign operations* 21 247 (3 869) Other comprehensive income/(loss) for the year, net of tax 66 971 (14 647) Total comprehensive (loss)/income for the year (6 555 225) 1 161 123 Total comprehensive (loss)/income for the year attributable to: Equity holders of the parent (6 582 478) 1 107 903 Non-controlling interest 27 253 53 220 *These components of other comprehensive income do not attract any tax.