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| ABRIDGED CONSOLIDATED INCOME STATEMENT | ||||||
| Unaudited |
Audited |
|||||
| Six months
ended |
Year ended |
|||||
| 31 December |
30 June |
|||||
| 2003 |
2002 |
2003 |
||||
| Company |
||||||
| and its |
Associated |
|||||
| subsidiaries |
companies |
Total |
Total |
Total |
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| R million |
R million |
R million |
R million |
R million |
||
| Revenue | 80 |
|
80 |
163 |
256 |
|
| Operating loss | (22) |
(22) |
(13) |
(40) |
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| Net interest income | 63 |
|
63 |
75 |
179 |
|
| Profit from operations | 41 |
41 |
62 |
139 |
||
| Amortisation of goodwill | (50) |
(9) |
(59) |
(46) |
(105) |
|
| Impairment of goodwill | (21) |
– |
(21) |
– |
(83) |
|
| Impairment of assets | (4) |
(185) |
(189) |
(17) |
(234) |
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| Equity adjustment: | ||||||
| Share of net profit | ||||||
| before taxation of | ||||||
| associated companies | 484 |
484 |
350 |
769 |
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| Exceptional items | 20 |
(1) |
19 |
362 |
362 |
|
| Profit/(loss) before taxation | (14) |
289 |
275 |
711 |
848 |
|
| Taxation | (11) |
(143) |
(154) |
(123) |
(255) |
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| NET PROFIT/(LOSS) | (25) |
146 |
121 |
588 |
593 |
|
| Reconciliation of | ||||||
| headline earnings: | ||||||
| BASIC EARNINGS – | ||||||
| net profit/(loss) | (25) |
146 |
121 |
588 |
593 |
|
| Plus/(minus) – | ||||||
| attributable to own | ||||||
| members: | ||||||
| – Exceptional items | (20) |
1 |
(19) |
(362) |
(362) |
|
| – Amortisation of goodwill | 50 |
9 |
59 |
46 |
105 |
|
| – Impairment of | ||||||
| goodwill and assets | 25 |
185 |
210 |
17 |
317 |
|
| – (Surplus)/loss on | ||||||
| disposal of property, | ||||||
| plant and equipment | – |
1 |
1 |
– |
(1) |
|
| – Tax effect | – |
– |
– |
13 |
13 |
|
| HEADLINE EARNINGS | 30 |
342 |
372 |
302 |
665 |
|