Consolidated statements of comprehensive income

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Continuing operations Note   Unaudited
six months 
ended 
31 December 
2016 
R’000 
  Change   Unaudited 
six months 
ended 
31 December 
2015 
R’000 
  Audited 
year ended 
30 June 
2016 
R’000 
   
REVENUE 2   2 985 469    11%   2 683 548    5 559 896     
Turnover 2   2 978 517    11%   2 677 571    5 545 610     
Cost of sales     (1 904 062)       (1 706 320)   (3 516 089)    
Gross profit     1 074 455    11%   971 251    2 029 521     
Selling, distribution and marketing expenses     (521 861)   6%   (490 459)   (1 004 534)    
Fixed and administrative expenses     (210 695)   5%   (201 535)   (419 293)    
Trading profit     341 899    22%   279 257    605 694     
Non-trading expenses 3   (19 236)       (40 985)   (52 449)    
Operating profit     322 663    35%   238 272    553 245     
Finance income 2   4 071        1 483    5 107     
Finance costs     (21 578)       (40 255)   (76 888)    
Dividend income 2   2 881        4 494    9 179     
Equity-accounted earnings     34 160        26 177    59 288     
Profit before taxation     342 197    49%   230 171    549 931     
Taxation     (97 596)       (67 461)   (170 547)    
Profit for the period/year from continuing operations     244 601    50%   162 710    379 384     
Profit/(loss) after taxation for the period/year from discontinued operations 4   41 132        9 782    (200 242)    
Profit for the period/year     285 733    66%   172 492    179 142     
Other comprehensive income which will subsequently be recycled to profit or loss     (38 574)       204 043    107 129     
  Exchange differences on translation of foreign operations:                      
  – Continuing operations     (3 389)       10 568    8 121     
  – Joint venture and associate     (16 918)       40 251    23 372     
  – Discontinued operations     (21 353)       142 339    89 071     
  Fair value loss on available-for-sale asset, net of tax     –        –    (588)    
  Profit on sale of shares     –        1 067    1 067     
  Movement in cash flow hedge accounting reserve, net of tax     3 086        9 818    (13 914)    
Other comprehensive income recycled to profit and loss     (125 784)       –    –     
Other comprehensive income which will not be recycled to profit or loss                      
Actuarial profit on post-retirement medical liability     –        –    6 079     
Total comprehensive income for the period/year, net of tax     121 375        376 535    292 350     
Profit attributable to:                      
Owners of the parent     280 943        166 662    168 801     
Non-controlling interests     4 790        5 830    10 341     
      285 733        172 492    179 142     
Total comprehensive income attributable to:                      
Owners of the parent     118 724        367 363    279 736     
Non-controlling interests     2 651        9 172    12 614     
      121 375        376 535    292 350     
Continuing operations:                      
Basic earnings per ordinary share (cents)     144.9    53%   94.9    223.6     
Diluted basic earnings per ordinary share (cents)     144.9    53%   94.8    223.6     
Headline earnings per ordinary share (cents)     144.9    52%   95.1    226.1     
Diluted headline earnings per ordinary share (cents)     144.9    53%   94.9    226.1     
Discontinued operations:                      
Basic earnings/(loss) per ordinary share (cents)     24.0        4.7    (122.2)    
Diluted basic earnings/(loss) per ordinary share (cents)     24.0        4.7    (122.2)    
Headline earnings per ordinary share (cents)     3.7        4.7    2.6     
Diluted headline earnings per ordinary share (cents)     3.7        4.7    2.6     
Total operations:                      
Basic earnings per ordinary share (cents)     168.9    70%   99.6    101.4     
Diluted basic earnings per ordinary share (cents)     168.9    70%   99.5    101.4     
Headline earnings per ordinary share (cents)     148.6    49%   99.8    228.7     
Diluted headline earnings per ordinary share (cents)     148.6    49%   99.6    228.7