Condensed consolidated income statement

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R’million      
Audited year 
ended 
30 September 
2017 		       Audited year     
ended     
30 September      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)       
Other operating expenses     (1 549,7)     (1 385,2)      
Operating income before impairments and abnormal items 2   4 524,0      4 103,2       
Impairments 3   (559,9)     (334,8)      
Abnormal items 4   (23,4)     11,0       
Operating income after impairments and abnormal items     3 940,7      3 779,4       
Net finance costs and investment income 5   (206,6)     (162,1)      
Income from associated companies     533,3      860,7       
Profit before taxation     4 267,4      4 478,0       
Taxation 6   (1 234,4)     (1 209,2)      
Profit for the year from continuing operations     3 033,0      3 268,8       
Discontinued operations              
Profit for the year from discontinued operations 7   105,0      52,9       
Profit for the year     3 138,0      3 321,7       
Attributable to:              
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)     
      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 ordinary share (cents)     2 161,0      2 127,1       
– Continuing operations     2 154,7      2 119,2       
– Discontinued operations     6,3      7,9       
Diluted headline earnings per ordinary share (cents)     2 118,4      2 082,2       
– Continuing operations     2 112,3      2 074,4       
– Discontinued operations     6,1      7,8       
* Restated for the early adoption of IFRS 15 Revenue from Contracts with Customers. Refer note 9 for further details.
# 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.