Consolidated income statement
for the year ended 30 June 2019
| Note | 2019 R'000 |
2018 R'000 |
|||||
|---|---|---|---|---|---|---|---|
| Revenue | 21 | 8 140 469 | 7 804 737 | ||||
| Turnover | 6 301 572 | 6 305 587 | |||||
| Cost of sales | (5 369 083) | (4 800 780) | |||||
| Gross profit | 932 489 | 1 504 807 | |||||
| Add: Other income | |||||||
| Commissions on sales and technical fees | 21 | 1 262 429 | 979 005 | ||||
| Foreign exchange gains | 22 | 40 971 | 59 827 | ||||
| Dividend income | 21 | 55 462 | 17 778* | ||||
| Interest income# | 21 | 557 437 | 502 368* | ||||
| Profit on sale of available-for-sale listed investments | — | 42 432 | |||||
| Other income | 3 398 | 26 159 | |||||
| Less: Other expenses | |||||||
| Finance costs | 23 | (55 302) | (19 394) | ||||
| Foreign exchange losses | 22 | (200) | (6 896) | ||||
| Mining royalty taxes | 22 | (67 909) | (138 938) | ||||
| Impairment of furniture, fittings and office equipment | 2 | — | (9 519) | ||||
| Impairment of non-financial assets | 22 | — | (21 564) | ||||
| Staff remuneration and benefits | (368 518) | (375 672) | |||||
| Other expenses | (279 648) | (247 921) | |||||
| Profit before taxation | 22 | 2 080 609 | 2 312 472 | ||||
| Taxation | 24 | (629 756) | (645 546) | ||||
| Profit after taxation, before joint-venture entity and associates | 1 450 853 | 1 666 926 | |||||
| Share of profit from joint-venture entity, after taxation | 1 | 4 536 396 | 3 524 287 | ||||
| Share of losses in associates | 5 | (23 317) | (16 211) | ||||
| Profit for the year | 5 963 932 | 5 175 002 | |||||
| Attributable to: | |||||||
| Shareholders of the holding company | 5 932 037 | 5 119 329 | |||||
| Non-controlling shareholders' share of profits in subsidiary companies | 31 895 | 55 673 | |||||
| As above | 5 963 932 | 5 175 002 | |||||
| Earnings per share (cents) (basic and diluted) | 25 | 5 751 | 4 963 |
| # | Based on effective interest rates. |
| * | These balances, disclosed as investment income in the prior year, were disaggregated into dividend income and interest income to comply with amendments to IAS 1: Presentation of Financial Statements, which became effective during the current financial year. |