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ANNUAL FINANCIAL STATEMENTS
134
Tiger Brands Limited Integrated Annual Report
2014
Income statements
for the year ended 30 September 2014
COMPANY
GROUP
2014
2013
(R’million)
Notes
2014
Restated*
2013
1 993,5
3 260,9
Revenue
2
30 126,0
27 064,7
Turnover
3
30 072,0
27 003,5
Cost of sales
(20 540,2)
(18 565,7)
Gross profit
9 531,8
8 437,8
Sales and distribution expenses
(3 495,1)
(3 143,4)
Marketing expenses
(755,6)
(649,9)
(12,3)
(35,2) Other operating expenses
(1 725,1)
(1 561,7)
(12,3)
(35,2)
Operating income/(loss) before abnormal items
4
3 556,0
3 082,8
(930,9)
(71,1) Abnormal items
5
(1 055,5)
(2,4)
(943,2)
(106,3)
Operating income/(loss) after abnormal items
2 500,5
3 080,4
(16,9)
(14,6) Finance costs
6.1
(429,0)
(399,4)
144,2
133,2 Interest received
6.2
26,3
20,6
1 849,3
3 127,7 Investment income
7
1,5
17,0
Income from associated companies
16
596,9
515,1
1 033,4
3 140,0
Profit before taxation
2 696,2
3 233,7
(42,5)
(25,1) Taxation
8
(832,4)
(836,6)
990,9
3 114,9
Profit for the year from continuing operations
1 863,8
2 397,1
Discontinued operation
Profit for the year from discontinued operation
41
41,0
158,0
Profit for the year
1 904,8
2 555,1
Attributable to:
990,9
3 114,9
Owners of the parent
2 020,2
2 576,7
– Continuing operations
1 990,3
2 516,0
– Discontinued operation
29,9
60,7
Non-controlling interests
(115,4)
(21,6)
– Continuing operations
(126,5)
(118,9)
– Discontinued operation
11,1
97,3
990,9
3 114,9
1 904,8
2 555,1
Basic earnings per ordinary share (cents)
1 261,6
1 612,9
– Continuing operations
1 242,9
1 574,9
– Discontinued operation
18,7
38,0
Diluted basic earnings per ordinary share (cents)
1 230,7
1 572,9
– Continuing operations
1 212,5
1 535,8
– Discontinued operation
18,2
37,1
Headline earnings per share is disclosed in note 9.
*
The amounts have been restated due to the adoption of IAS 19R.