FINANCIAL PERFORMANCE

Group income statement For the year ended 31 May 2020

  Notes   2020 
R’000 
  Restated*
2019  
R’000  
 
CONTINUING OPERATIONS 
Revenue  1.2     21 135 326     23 602 264     
   Revenue from contracts with customers  20 756 487     23 174 511     
   Finance revenue**  378 839     427 753     
Other income  105 273     81 692     
Changes in inventories of finished goods  (18 866 243)    (21 243 167)    
Finance costs incurred in the generation of revenue  (144 472)    (185 411)    
Employee compensation and benefit expense  5.2     (512 647)    (482 219)    
Depreciation and amortisation  (189 314)    (170 455)    
Impairments and fair value movements  1.3     (364 233)    (894 277)    
Bad debts and expected credit loss  1.3     (116 332)    (235 553)    
Other expenses  (411 308)    (386 029)    
Operating profit  636 050     86 845     
Finance costs  1.4     (229 988)    (230 306)    
Finance income  1.4     78 175     92 292     
Impairments on associates and joint venture  1.3     —     (2 639 564)    
Share of gains/(losses) from associates and joint ventures  2.1     16 598     (3 693 431)    
Profit/(loss) before taxation  500 835     (6 384 164)    
Taxation  7.1     (219 752)    (278 449)    
Profit/(loss) after taxation from continuing operations  281 083     (6 662 613)    
(Loss)/profit from discontinued operations  11     (61 976)    40 417     
Profit/(loss) for the year  219 107     (6 622 196)    
Profit/(loss) for the year from continuing operations attributable to: 
Equity holders of the parent  226 786     (6 672 923)    
Non-controlling interest  54 297     10 310     
(Loss)/profit for the year from discontinued operations attributable to: 
Equity holders of the parent  (102 305)    26 540     
Non-controlling interest  40 329     13 877     
Earnings per share for profit/(loss) attributable to: 
Equity holders (cents)
— Basic  1.5     13.89     (727.81)    
— Diluted1  1.5     13.89     —     
* As a result of the discontinued operations, the Group has restated its comparative financial information. Refer to note 11 for details.
** The split of revenue between revenue from contracts with customers and finance revenue is now disclosed on the face of the Group income statement. It was previously disclosed in the notes. The comparatives have been restated.
1 There were no dilutive instruments in the prior year.

Included on the face of the Group income statement are line items called "Impairments and fair value movements" and "Bad debts and expected credit loss". In the prior year, these were included in one line item called "Impairments and fair value losses". In order to enhance the disclosure, the Group now discloses them on separate line items.