Annual Financial Statements

celebrating 20 years Group statement of comprehensive income

for the year ended 30 June 2018

Notes 2018
R’million
2017
R’million
Revenue 21 42 596 41 213
Cost of sales (20 991) (21 317)
Gross profit 21 605 19 896
Selling and distribution expenses (7 460) (6 720)
Administrative expenses (3 103) (2 780)
Other operating income 419 345
Other operating expenses (2 224) (2 420)
Operating profit   9 237 8 321
Investment income 25 343 287
Financing costs 26 (2 235) (2 369)
Operating profit after investment income and financing costs 7 345 6 239
Share of after-tax net profits from joint ventures 6.2 51 13
Profit before tax 7 396 6 252
Tax 27 (1 385) (1 124)
Profit for the year 6 011 5 128
Other comprehensive income, net of tax*
Net (losses)/gains from cash flow hedging in respect of business acquisitions (96) 188
Currency translation gains/(losses) 2 372 (3 521)
Remeasurement of retirement and other employee benefit obligations 1 44
Total comprehensive income 8 288 1 839
Profit for the year attributable to
Equity holders of the parent 6 010 5 128
Non-controlling interests 1
6 011 5 128
Total comprehensive income attributable to
Equity holders of the parent 8 287 1 839
Non-controlling interests 1
8 288 1 839
Earnings per share
Basic earnings per share (cents) 28 1 316,6 1 123,4
Diluted earnings per share (cents) 28 1 316,6 1 123,4

* Remeasurement of retirement and other employee benefit obligations will not be reclassified to profit and loss. All other items in other comprehensive income may be reclassified to profit and loss.