98 / 220
/
96
BLUE LABEL
INTEGRATED ANNUAL REPORT 2017
Group
income statement
2017
R’000
2016
R’000
Net profit for the year
820 861
731 612
Other comprehensive income:
Items that may be subsequently reclassified to profit or loss
Foreign exchange (loss)/profit on translation of associates and joint ventures*
(82 424)
81 544
Foreign exchange loss on translation of foreign operations*
(52)
(15)
Other comprehensive (loss)/income for the year, net of tax
(82 476)
81 529
Total comprehensive income for the year
738 385
813 141
Total comprehensive income for the year attributable to:
Equity holders of the parent
706 396
770 652
Non-controlling interest
31 989
42 489
* These components of other comprehensive income do not attract any tax.
Notes
2017
R’000
2016
R’000
Revenue
1.2
26 311 875
26 204 722
Other income
16 814
126 294
Changes in inventories of finished goods
(24 139 293)
(24 375 028)
Employee compensation and benefit expense
5.2
(452 985)
(427 116)
Depreciation, amortisation and impairment charges
(112 851)
(98 183)
Other expenses
(405 088)
(288 313)
Operating profit
1.3
1 218 472
1 142 376
Finance costs
1.4
(303 027)
(214 110)
Finance income
1.4
242 194
193 899
Gain on associates and joint venture measured at fair value
2.2
160 200
—
Share of losses from associates and joint ventures
2.1
(164 941)
(71 770)
Net profit before taxation
1 152 898
1 050 395
Taxation
7.1
(332 037)
(318 783)
Net profit for the year
820 861
731 612
Net profit for the year attributable to:
Equity holders of the parent
786 965
691 590
Non-controlling interest
33 896
40 022
Earnings per share for profit attributable to:
Equity holders (cents)
– Basic
1.5
117.92
103.85
– Diluted
1.5
116.91
102.84
For the year ended 31 May 2017
Group
statement of comprehensive income
For the year ended 31 May 2017