Income statements
for the year ended 30 September 2017
| Company |
|
|
|
|
Group |
|
| 2017 |
|
2016 |
|
(R'million) |
Notes |
|
2017 |
|
2016
Restated |
*# |
| |
|
|
|
Continuing operations |
|
|
|
|
|
|
| |
|
|
|
Revenue |
|
|
31 297,9 |
|
30 588,2 |
|
| |
|
|
|
Cost of sales |
|
|
(20 856,4) |
|
(20 869,6) |
|
| |
|
|
|
Gross profit |
|
|
10 441,5 |
|
9 718,6 |
|
| |
|
|
|
Sales and distribution expenses |
|
|
(3 596,4) |
|
(3 465,0) |
|
| |
|
|
|
Marketing expenses |
|
|
(771,4) |
|
(765,2) |
|
| (14,8) |
|
(1,8) |
|
Other operating expenses |
|
|
(1 549,7) |
|
(1 385,2) |
|
| (14,8) |
|
(1,8) |
|
Operating income/(loss) before impairments and abnormal items |
|
|
4 524,0 |
|
4 103,2 |
|
| (250,0) |
|
- |
|
Impairments |
|
|
(559,9) |
|
(334,8) |
|
| 99,0 |
|
1,2 |
|
Abnormal items |
|
|
(23,4) |
|
11,0 |
|
| (165,8) |
|
(0,6) |
|
Operating income/(loss) after impairments and abnormal items |
|
|
3 940,7 |
|
3 779,4 |
|
| 149,1 |
|
110,7 |
|
Net (finance costs)/finance income |
|
|
(209,9) |
|
(168,4) |
|
| 2 025,5 |
|
2 343,4 |
|
Investment income |
|
|
3,3 |
|
6,3 |
|
| |
|
|
|
Income from associated companies |
|
|
533,3 |
|
860,7 |
|
| 2 008,8 |
|
2 453,5 |
|
Profit before taxation |
|
|
4 267,4 |
|
4 478,0 |
|
| (68,6) |
|
(48,1) |
|
Taxation |
|
|
(1 234,4) |
|
(1 209,2) |
|
| 1 940,2 |
|
2 405,4 |
|
Profit for the year from continuing operations |
|
|
3 033,0 |
|
3 268,8 |
|
| |
|
|
|
Discontinued operations |
|
|
|
|
|
|
| |
|
|
|
Profit for the year from discontinued operations |
|
|
105,0 |
|
52,9 |
|
| |
|
|
|
Profit for the year |
|
|
3 138,0 |
|
3 321,7 |
|
| |
|
|
|
Attributable to: |
|
|
|
|
|
|
| 1 940,2 |
|
2 405,4 |
|
Owners of the parent |
|
|
3 119,3 |
|
3 305,6 |
|
| |
|
|
|
Continuing operations |
|
|
3 011,0 |
|
3 243,1 |
|
| |
|
|
|
Discontinued operations |
|
|
108,3 |
|
62,5 |
|
| |
|
|
|
Non-controlling interests |
|
|
18,7 |
|
16,1 |
|
| |
|
|
|
Continuing operations |
|
|
22,0 |
|
25,7 |
|
| |
|
|
|
Discontinued operations |
|
|
(3,3) |
|
(9,6) |
|
|
|
|
|
|
|
|
|
|
|
|
| 1 940,2 |
|
2 405,4 |
|
|
|
|
3 138,0 |
|
3 321,7 |
|
| |
|
|
|
Basic earnings per ordinary share (cents) |
|
|
1 914,9 |
|
2 034,4 |
|
| |
|
|
|
Continuing operations |
|
|
1 848,4 |
|
1 996,0 |
|
| |
|
|
|
Discontinued operations |
|
|
66,5 |
|
38,4 |
|
| |
|
|
|
Diluted basic earnings per ordinary share (cents) |
|
|
1 877,3 |
|
1 991,5 |
|
| |
|
|
|
Continuing operations |
|
|
1 812,1 |
|
1 953,9 |
|
| |
|
|
|
Discontinued operations |
|
|
65,2 |
|
37,6 |
|
|
|
|
|
Headline earnings per share is disclosed in . |
|
|
|
|
|
|
| * |
Restated for the early adoption of IFRS 15 Revenue from Contracts with Customers. Refer to . |
| # |
Restated as required by IFRS 5 in relation to the treatment of East Africa Tiger Brands Industries Plc. (EATBI) and Haco Tiger Brands (E.A.) Limited (Haco) as discontinued operations. Refer to . |
