Summarised consolidated income statement

for the year ended June 30

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R’000                  
for the year ended June 30     2015 Audited       2014 Audited   % change
Turnover     204 915 925       183 645 179   11,6
Revenue     182 164 453       161 612 418   12,7
Cost of revenue     (139 566 689)       (124 247 763)    
Gross income     42 597 764       37 364 655   14,0
Operating expenses     (33 453 768)       (29 276 028)   14,3
Sales and distribution costs     (23 129 638)       (19 324 756)    
Administration expenses     (6 783 084)       (6 674 996)    
Other costs     (3 541 046)       (3 276 276)    
Other income     382 023       437 978    
Trading result     9 526 019       8 526 605   11,7
Income from investments     146 836       418 916    
Trading profit     9 672 855       8 945 521   8,1
Share-based payment expense     (228 637)       (187 119)    
Acquisition costs     (74 241)       (74 044)    
Net capital items     (32 574)       (802 373)    
Operating profit     9 337 403       7 881 985   18,5
Net finance charges     (1 120 058)       (1 048 295)   6,8
Finance income     112 918       90 232    
Finance charges     (1 232 976)       (1 138 527)    
Share of profit of associates     218 069       110 142   98,0
Dividends received     85 366       76 788    
Share of current year earnings     132 703       33 354    
Profit before taxation     8 435 414       6 943 832   21,5
Taxation     (2 276 038)       (2 107 173)    
Profit for the year     6 159 376       4 836 659   27,3
Attributable to:                  
Shareholders of the Company     5 898 406       4 603 307   28,1
Non-controlling interest     260 970       233 352    
      6 159 376       4 836 659   27,3
Shares in issue                  
Total     325 052       318 916    
Weighted (‘000)     322 792       314 873    
Diluted weighted (‘000)     324 606       316 859    
Basic earnings per share (cents)     1 827,3       1 462,0   25,0
Diluted basic earnings per share (cents)     1 817,1       1 452,8   25,1
Headline earnings per share (cents)     1 882,2       1 733,9   8,6
Diluted headline earnings per share (cents)     1 871,7       1 723,0   8,6
Dividends per share (cents)     909,0       834,1   9,0
Interim     426,0       398,1    
Final     483,0       436,0    
Headline earnings                  
The following adjustments to profit attributable to shareholders were taken into account in the calculation of headline earnings:                  
Profit attributable to shareholders of the Company     5 898 406       4 603 307   28,1
Impairment of property, plant and equipment, goodwill and intangible assets     94 792       18 731    
Property, plant and equipment     11 740       1 964    
Intangible assets     113 137       20 961    
Tax relief     (30 085)       (4 194)    
Net loss (profit) on disposal of interests in subsidiaries and disposal                  
and closure of businesses     (52 855)       70    
Loss (profit) on disposal and closure     (95 338)       70    
Tax charge     42 483          
Net loss on disposal, impairment and reversal of impairment of                  
investments in associates     254 493       906 542    
Impairment of investments in associate     305 047       1 056 060    
Reversal of impairment of investments in associate           (130 000)    
Net profit on change in shareholding in associates     (59 284)       (47 560)    
Tax charge     8 730       28 042    
Net profit on disposal of property, plant and equipment     (151 411)       (3 136)    
Property, plant and equipment     (242 728)       (1 888)    
Intangible assets           (1 967)    
Tax charge     36 484       244    
Non-controlling interest     54 833       475    
Gain on a bargain purchase           (24 338)    
Net fair value adjustment arising on acquisition of control of associates           (70 929)    
Non-headline items included in equity accounted earnings of associate companies     32 217       29 303    
Headline earnings     6 075 642       5 459 550   11,3