Summarised consolidated income statement
for the year ended 30 June 2019
| Note | 2019 R'000 |
2018 R'000 |
||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | 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 | 1 262 429 | 979 005 | ||||||
| Foreign exchange gains | 40 971 | 59 827 | ||||||
| Dividend income | 55 462 | 17 778* | ||||||
| Interest income# | 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 | (55 302) | (19 394) | ||||||
| Foreign exchange losses | (200) | (6 896) | ||||||
| Mining royalty taxes | (67 909) | (138 938) | ||||||
| Impairment of furniture, fittings and office equipment | – | (9 519) | ||||||
| Impairment of non financial assets | – | (21 564) | ||||||
| Staff remuneration and benefits | (368 518) | (375 672) | ||||||
| Other expenses | (279 648) | (247 921) | ||||||
| Profit before taxation | 2 080 609 | 2 312 472 | ||||||
| Taxation | (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 | (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) | 2 | 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. |