Summarised Group statement of comprehensive income

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      Six months
ended
30 November
2013
Unaudited
R'000
    Six months
ended
30 November
2012
Unaudited
R'000
    Year
ended
31 May
2013
Audited
R'000
 
Revenue     9 079 022     9 466 174     18 984 210  
Other income     5 398     4 498     16 137  
Change in inventories of finished goods     (8 368 957)     (8 822 436)     (17 712 965)  
Employee compensation and benefit expense     (163 178)     (149 083)     (332 901)  
Depreciation, amortisation and impairment charges     (34 357)     (33 557)     (67 951)  
Other expenses     (120 821)     (126 947)     (240 859)  
Operating profit     397 107     338 649     645 671  
Finance costs     (80 683)     (91 373)     (167 096)  
Finance income     70 088     91 062     173 260  
Share of loss from associates and joint ventures     (29 779)     (22 112)     (47 326)  
Profit for the period before taxation     356 733     316 226     604 509  
Taxation     (113 404)     (98 664)     (196 404)  
Net profit for the period     243 329     217 562     408 105  
Other comprehensive income:                    
Exchange profits on translation of foreign operations     8 105     35 331     87 888  
Other comprehensive income for the period, net of tax     8 105     35 331     87 888  
Total comprehensive income for the period     251 434     252 893     495 993  
Net profit for the period attributable to:     243 329     217 562     408 105  
Equity holders of the parent     246 360     228 940     424 841  
Non-controlling interest     (3 031)     (11 378)     (16 736)  
Total comprehensive income for the period attributable to:     251 434     252 893     495 993  
Equity holders of the parent     254 466     264 228     512 441  
Non-controlling interest     (3 032)     (11 335)     (16 448)  
Earnings per share for profit attributable to equity holders (cents)                    
Basic earnings per share     37,17     34,61     64,22  
Diluted earnings per share**     36,66     34,05     63,19  
Headline earnings per share     37,15     34,78     64,17  
Diluted headline earnings per share**     36,63     34,22     63,14  
Dividend per share     25,00     23,00     23,00  
Weighted average number of shares     662 703 861     661 520 749     661 577 847  
Diluted weighted average number of shares     672 014 932     672 430 432     672 304 611  
Number of shares in issue     674 509 042     674 509 042     674 509 042  
Reconciliation between net profit and core net profit for the period:                    
Net profit for the period attributable to equity holders of the parent     246 360     228 940     424 841  
Amortisation on intangible assets raised through business combinations net of tax and net of
non-controlling interest
    4 718     6 913     12 675  
Core net profit for the period     251 078     235 853     437 516  
– Core earnings per share (cents)*     37,89     35,65     66,13  

* 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.