Annual financial statements
Income statements
for the year ended 30 September 2018
| Company | Group | ||||||||||
| 2018 | Reclass* 2017 |
(R'million) | Notes | 2018 | 2017 | ||||||
| Continuing operations | |||||||||||
| 2 026,9 | 2 025,5 | Revenue | 2 | 28 473,9 | 31 297,9 | ||||||
| Cost of sales | (19 229,5) | (20 856,4) | |||||||||
| 2 026,9 | 2 025,5 | Gross profit | 9 244,4 | 10 441,5 | |||||||
| Sales and distribution expenses | (3 675,8) | (3 596,4) | |||||||||
| Marketing expenses | (844,7) | (771,4) | |||||||||
| (12,8) | (14,8) | Other operating expenses | (1 485,1) | (1 549,7) | |||||||
| 2 014,1 | 2 010,7 | Operating income before impairments and abnormal items | 3 | 3 238,8 | 4 524,0 | ||||||
| (245,0) | (250,0) | Impairments | 5 | (261,6) | (559,9) | ||||||
| 616,0 | 99,0 | Abnormal items | 6 | (422,1) | (23,4) | ||||||
| 2 385,1 | 1 859,7 | Operating income after impairments and abnormal items | 2 555,1 | 3 940,7 | |||||||
| 115,2 | 149,1 | Net (finance costs)/finance income | 7 | (34,2) | (209,9) | ||||||
| Investment income | 2,5 | 3,3 | |||||||||
| Income from associated companies | 14 | 730,7 | 533,3 | ||||||||
| 2 500,3 | 2 008,8 | Profit before taxation | 3 254,1 | 4 267,4 | |||||||
| (43,9) | (68,6) | Taxation | 8 | (837,0) | (1 234,4) | ||||||
| 2 456,4 | 1 940,2 | Profit for the year from continuing operations | 2 417,1 | 3 033,0 | |||||||
| Discontinued operations | |||||||||||
| Profit for the year from discontinued operations | 33 | 14,2 | 105,0 | ||||||||
| Profit for the year | 2 431,3 | 3 138,0 | |||||||||
| Attributable to: | |||||||||||
| 2 456,4 | 1 940,2 | Owners of the parent | 2 401,1 | 3 119,3 | |||||||
| Continuing operations | 2 390,2 | 3 011,0 | |||||||||
| Discontinued operations | 10,9 | 108,3 | |||||||||
| Non-controlling interest | 30,2 | 18,7 | |||||||||
| Continuing operations | 26,9 | 22,0 | |||||||||
| Discontinued operations | 3,3 | (3,3) | |||||||||
| 2 456,4 | 1 940,2 | 2 431,3 | 3 138,0 | ||||||||
| Basic earnings per ordinary share (cents) | 1 457,7 | 1 914,9 | |||||||||
| Continuing operations | 1 451,1 | 1 848,4 | |||||||||
| Discontinued operations | 6,6 | 66,5 | |||||||||
| Diluted basic earnings per ordinary share (cents) | 1 451,2 | 1 877,3 | |||||||||
| Continuing operations | 1 444,6 | 1 812,1 | |||||||||
| Discontinued operations | 6,6 | 65,2 | |||||||||
| Headline earnings per share is disclosed in note 9. | |||||||||||
| * | As part of the annual assessment of all disclosure and presentation, the company has restated its income statement to reflect investment income as revenue. This change better presents the operations of the company. The presentation of the comparative figures has therefore been adjusted to conform to this presentation of the current period. This is for the company only. |