Income Statements
for the year ended 30 June 2005
| | | | GROUP | COMPANY |
| | | | Restated | | Restated |
| | | 2005 | 2004 | 2005 | 2004 |
| | Notes | | R'000 | R'000 | R'000 | R'000 |
| Revenue | 1 | | 1 980 308 | 1 752 387 | – | – |
| – Continued | | | 1 980 308 | 1 727 779 | – | – |
| – Disposed entities | | | – | 24 608 | – | – |
| Cost of sales | | | (855 492) | (783 238) | – | – |
| Gross profit | | | 1 124 816 | 969 149 | – | – |
| Other operating income | | | 17 730 | 19 308 | 6 527 | 3 349 |
| Other operating expenses | | | (723 617) | (663 757) | (6 870) | (7 932) |
| Operating profit/(loss) before depreciation | | | 418 929 | 324 700 | (343) | (4 583) |
| – Continued | | | 418 929 | 327 388 | (343) | (4 583) |
| – Disposed entities | | | – | (2 688) | – | – |
| Depreciation | | | (62 680) | (59 662) | – | – |
| | | | | | |
| Operating profit/(loss) before
amortisation, foreign exchange items and exceptional items | | | 356 249 | 265 038 | (343) | (4 583) |
| Amortisation of intangible assets | | | (4 701) | (4 746) | – | – |
| Amortisation of goodwill | | | – | (3 874) | – | – |
| Foreign exchange (losses)/gains | | | (2 101) | 1 030 | (25) | – |
| Exceptional items | 2 | | 16 915 | 23 308 | 31 540 | (50 616) |
| Operating profit/(loss) | 3 | | 366 362 | 280 756 | 31 172 | (55 199) |
| Investment income | 4 | | 7 808 | 15 580 | 10 059 | 118 511 |
| Finance costs | 5 | | (47 555) | (32 042) | (7 495) | (6 412) |
| Revaluation of interest rate swap | 30.6 | | (7 518) | – | (7 518) | – |
| Share of associated companies' profits/(losses) | 6 | | 457 | (331) | | |
| Profit before tax | | | 319 554 | 263 963 | 26 218 | 56 900 |
| Taxation | 7 | | (86 642) | (64 032) | 599 | 10 544 |
| Net profit after tax | | | 232 912 | 199 931 | 26 817 | 67 444 |
| Minority interest | | | (17 340) | (24 403) | | |
| Net profit for the year | | | 215 572 | 175 528 | 26 817 | 67 444 |
| Number of shares ('000) | | | | | | |
| – Issued | 8 | | 221 747 | 216 764 | | |
| – Weighted average | 8 | | 223 032 | 216 520 | | |
| – Diluted weighted average | 8 | | 228 494 | 225 648 | | |
| Earnings per share (cents) | | | | | | |
| – Headline | 8 | | 95 | 68 | | |
| – Basic | | | 97 | 81 | | |
| – Diluted headline | 8 | | 93 | 65 | | |
| – Diluted basic | | | 94 | 78 | | |
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