Income statement
for the year ended 30 June

 
Group
Company
  2000 1999 restated 2000 1999
  R’000 R’000 R’000 R’000
Revenue 1 714 383 1 440 798 238 224
Cost of sales (703 014) (578 567) - -
 
Gross profit 1 011 369 862 231 238 224
Other operating income 8 792 18 123 29 124
Distribution costs (32 288) (29 819) - -
Other operating expenses (706 714) (586 055) (5 104) (4 560)
 
Profit/(loss) from operations before depreciation and amortisation 281 159 264 480 (4 837) (4 212)
Depreciation (78 170) (62 846) (243) (83)
Amortisation of development costs (3 537) (176) - -
 
Profit/(loss) from operations 199 452 201 458 (5 080) (4 295)
Interest paid (91 029) (111 988) (70 994) (86 687)
Interest received 17 642 36 006 74 948 91 363
Exceptional (loss)/profit (53 779) (19 834) (116 749) 79 001
(Loss)/profit from associates (35 205) 315    
 
Profit/(loss) before taxation 37 081 105 957 (117 875) 79 382
Income taxation expense (39 091) (34 056) (7 670) (428)
 
(Loss)/profit after taxation (2 010) 71 901 (125 545) 78 954
Attributable to outside shareholders (11 246) (6 847)    
 
Net (loss)/profit for the year (13 256) 65 054 (125 545) 78 954
Transfer (to)/from non distributable reserves (1 421) 2 401 - -
 
  (14 677) 67 455 (125 545) 78 954
(Accumulated loss)/retained income as restated (26 748) (34 085) 193 207 114 253
Retained income at beginning of year 33 370 283 891 193 207 114 253
Write off intangibles - current year (60 118) (23 223) - -
Write off intangibles - prior year - (271 545) - -
Changes in accounting policies - (23 208) - -
 
(Accumulated loss)/retained income at end of year (41 425) 33 370 67 662 193 207
 
Basic headline earnings per combined unit (cents) 49 82    
Diluted headline earnings per combined unit (cents) 48 82    
Basic earnings per combined unit (cents) 28 76    
Diluted earnings per combined unit (cents) 28 75    
Basic (loss)/earnings per share (cents) (6) 33    
Earnings per combined unit is based on net (loss)/profit for the year
plus debenture interest paid to unitholders, divided by the weighted
number of combined units in issue during the year.

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