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Integrated Report 2016
ANNUAL FINANCIAL STATEMENTS
(continued)
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Continuing operations
Notes
2016
R’000
2015
R’000
REVENUE
3
5 559 896
5 182 715
Turnover
3
5 545 610
5 158 901
Cost of sales
(3 516 089)
(3 284 696)
Gross profit
2 029 521
1 874 205
Selling, distribution and marketing expenses
(1 004 534)
(951 169)
Fixed and administrative expenses
(419 293)
(405 010)
Trading profit
6
605 694
518 026
Non-trading expenses
4
(52 449)
(18 960)
Operating profit
553 245
499 066
Finance income
5.1
5 107
13 144
Finance costs
5.2
(76 888)
(96 683)
Dividend income
3
9 179
10 670
Equity-accounted earnings
59 288
65 608
Profit before taxation
549 931
491 805
Taxation
7
(170 547)
(141 873)
Profit for the year from continuing operations
379 384
349 932
Loss after taxation for the year from discontinued operations
2.1
(200 242)
(151 123)
Profit for the year
179 142
198 809
Other comprehensive income which will subsequently be recycled to profit or loss
107 129
61 722
Exchange differences on translation of foreign operations:
–– Continuing operations
31 493
16 121
–– Discontinued operations
89 071
45 121
Fair value (loss)/gain on available-for-sale asset, net of tax
20
(588)
403
Profit on sale of shares
20
1 067
–
Movement in cash flow hedge accounting reserve, net of tax
20
(13 914)
77
Other comprehensive income which will not subsequently be recycled to profit or loss
Actuarial profit/(loss) on post-retirement medical liability
20
6 079
(442)
Total comprehensive income for the year, net of tax
292 350
260 089
PROFIT ATTRIBUTABLE TO:
Owners of the parent
168 801
197 932
Non-controlling interests
10 341
877
179 142
198 809
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO:
Owners of the parent
279 736
260 419
Non-controlling interests
12 614
(330)
292 350
260 089