Summarised group statement of comprehensive income

For the year ended 31 May

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  2015
R’000
      2014
R’000
 
Revenue 22 044 222       19 401 666  
Other income 99 972       26 692  
Change in inventories of finished goods (20 399 882)       (18 052 132)  
Employee compensation and benefit expense (407 448)       (332 542)  
Depreciation, amortisation and impairment charges (94 019)       (65 137)  
Other expenses (256 699)       (255 691)  
Operating profit 986 146       722 856  
Finance costs (233 165)       (166 876)  
Finance income 173 047       156 250  
Share of loss from associates and joint ventures (79 338)       (56 873)  
Net profit before taxation 846 690       655 357  
Taxation (265 497)       (206 442)  
Net profit for the year 581 193       448 915  
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            
Share of other comprehensive income of associates and joint ventures (10 497)       26 099  
Foreign exchange profits on translation of foreign operations 5 863       (462)  
Other comprehensive (loss)/profit for the year, net of tax (23 101)       25 637  
Total comprehensive income for the year 558 092       474 552  
Net profit for the year attributable to: 581 193       448 915  
Equity holders of the parent 577 617       450 230  
Non-controlling interest 3 576       (1 315)  
Total comprehensive income for the year attributable to: 558 092       474 552  
Equity holders of the parent 549 691       475 889  
Non-controlling interest 8 401       (1 337)  

 


  2015
R’000
      2014
R’000
 
Earnings per share for profit attributable to equity holders (cents)            
Basic earnings per share (cents) 86.86       67.88  
Diluted earnings per share** (cents) 85.03       66.86  
Dividend per share (cents) 27.00       25.00  
Weighted average number of shares 665 029 849       663 298 476  
Diluted weighted average number of shares 672 702 231       672 311 571  
Number of shares in issue 674 509 042       674 509 042  
Headline earnings per share (cents) 82.26       67.98  
Diluted headline earnings per share** (cents) 80.49       66.96  
Reconciliation between net profit and core net profit for the year:            
Net profit for the year attributable to equity holders of the parent 577 617       450 230  
Amortisation on intangible assets raised through business combinations net of tax and net of non-controlling interest 18 961       10 372  
Core net profit for the year 596 578       460 602  
Core earnings per share (cents)* 89.71       69.44  
* Core earnings per share is calculated after adding back the amortisation of intangible assets as a consequence of the purchase price allocations completed in terms of IFRS 3(R): Business Combinations.
** Diluted earnings per share and diluted headline earnings per share are calculated by adjusting the weighted average number of ordinary shares outstanding for the number of shares that would be issued on vesting under the employee forfeitable share plan.