Condensed Group statement of comprehensive income

EXCEL DOWNLOAD

For the six months ended	Note	30 November 2023 Unaudited R'000	30 November 2022 Unaudited R'000
Revenue		7 421 837	9 627 700
Finance revenue		159 519	195 443
Total revenue	4	7 581 356	9 823 143
Other income		26 197	15 071
Direct operating costs*		(5 983 475)	(8 283 508)
Employee compensation and benefit expense		(441 852)	(440 766)
Depreciation and amortisation		(71 587)	(90 061)
Bad debts, expected credit losses and fair value movements		(157 039)	(124 058)
Gain/(loss) on modification of financial instrument		10 989	(64 500)
Other expenses		(339 173)	(315 977)
Operating profit		625 416	519 344
Finance costs		(459 311)	(247 765)
Finance income		352 592	131 402
Reversal of impairment of investment in associate		—	962 531
Share of profits/(losses) from associates and joint ventures	5.1	6 639	(1 320 127)
Profit before taxation		525 336	45 385
Taxation		(112 149)	(113 560)
Profit/(loss) for the period		413 187	(68 175)
Other comprehensive income:
Items reclassified to profit or loss
Effective and ineffective portion of hedging instruments reclassified to profit and loss, net of tax		(6 318)	—
Items that may be subsequently reclassified to profit or loss
Share of other comprehensive (loss)/income of associates and joint ventures		(306)	723
(Loss)/gain arising on changes in fair value of hedging instruments, net of tax		(7)	1 199
Other comprehensive (loss)/income for the period, net of tax		(6 631)	1 922
Total comprehensive income/(loss) for the period		406 556	(66 253)
Profit/(loss) for the period attributable to:		413 187	(68 175)
Equity holders of the parent		406 423	(76 934)
Non-controlling interest		6 764	8 759
Total comprehensive income/(loss) for the period attributable to:		406 556	(66 253)
Equity holders of the parent		399 792	(75 012)
Non-controlling interest		6 764	8 759
Earnings per share (cents)
Basic	2	45.67	(8.74)
Diluted	2	45.36	(8.74)

*	Direct operating expenses are the operating expenses directly attributable to the production of goods and services sold by the Group. These include, but are not limited to, the costs associated with the acquisition of airtime and handsets sold by the Group.