|
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| INTERIM REPORT FOR THE TWELVE MONTHS ENDED 31 MARCH 2002 (UNAUDITED) | |||||
|
|
|
|
|
|
| CONSOLIDATED INCOME STATEMENT | |||||
|
Unaudited
|
Audited
|
||||
|
Twelve
months ended
|
Year
ended
|
||||
|
31
March 2002
|
31
March 2001
|
||||
|
Company and
its subsidiaries |
Associated
companies |
||||
|
Total
|
Total
|
||||
|
R
million
|
R
million
|
R
million
|
R
million
|
||
|
|
|||||
| Revenue |
219
|
219
|
126
|
||
|
|
|||||
| Operating profit before depreciation |
140
|
140
|
73
|
||
| Depreciation |
(1)
|
(1)
|
(1)
|
||
| Finance costs |
(37)
|
(37)
|
(6)
|
||
|
|
|||||
| Operating profit |
102
|
102
|
66
|
||
| Amortisation of goodwill |
(6)
|
(37)
|
(43)
|
(25)
|
|
| Impairment of goodwill |
(22)
|
(2)
|
(24)
|
||
| Impairment of investments |
(78)
|
(159)
|
(237)
|
||
| Equity adjustment: | |||||
| Share of net profit before taxation | |||||
| of associated companies |
691
|
691
|
685
|
||
| Exceptional items |
(43)
|
3
|
(40)
|
(123)
|
|
|
|
|||||
| Profit before taxation |
(47)
|
496
|
449
|
603
|
|
| Taxation |
(28)
|
(164)
|
(192)
|
(160)
|
|
|
|
|||||
| NET PROFIT/(LOSS) |
(75)
|
332
|
257
|
443
|
|
|
|
|||||
| Reconciliation of headline earnings: | |||||
| BASIC EARNINGS – net profit/(loss) |
(75)
|
332
|
257
|
443
|
|
| Plus/(minus)
– attributable to own members: |
|||||
| – Exceptional items |
44
|
(3)
|
41
|
118
|
|
| – Amortisation of goodwill |
6
|
37
|
43
|
25
|
|
| – Impairment of goodwill and investments |
100
|
161
|
261
|
–
|
|
|
|
|||||
| HEADLINE EARNINGS |
75
|
527
|
602
|
586
|
|
|
|
|||||
| Reconciliation of pro forma | |||||
| headline earnings: | |||||
| HEADLINE EARNINGS – reported |
75
|
527
|
602
|
586
|
|
| Minus – adjustments relating to e-tv |
–
|
(46)
|
(46)
|
(77)
|
|
|
|
|||||
| PRO FORMA HEADLINE EARNINGS |
75
|
481
|
556
|
509
|
|
|
|
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