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| ABRIDGED CONSOLIDATED INCOME STATEMENT | ||||
Unaudited |
Audited |
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Six
months |
||||
ended |
Year ended |
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| |
30 June |
|||
2004 |
2003 |
2004 |
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R million |
R million |
R million |
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| Revenue | 137 |
80 |
115 |
|
| Net interest income | 54 |
63 |
98 |
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| Depreciation | (4) |
* |
* |
|
| Impairment and amortisation of goodwill | (45) |
(71) |
(300) |
|
| Impairment of investments and assets | (16) |
(4) |
(6) |
|
| Other expenses | (16) |
(22) |
(46) |
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| Capital surplus on the disposal of | ||||
| long-term investments | 23 |
20 |
20 |
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| Share of after-tax profit of associated | ||||
| companies | 353 |
146 |
680 |
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| – Profit from operations | 391 |
341 |
700 |
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| – Impairment and amortisation of goodwill | (35) |
(9) |
(20) |
|
| – Impairment of investments and assets | (1) |
(185) |
(4) |
|
| – Capital surplus/(loss) on disposal of | ||||
| long-term investments | (2) |
(1) |
4 |
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| Profit before taxation | 349 |
132 |
446 |
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| Taxation | (14) |
(11) |
(14) |
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| NET PROFIT | 335 |
121 |
432 |
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| Reconciliation of headline earnings: | ||||
| BASIC EARNINGS – net profit | 335 |
121 |
432 |
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| Plus/(minus) – attributable to own members: | ||||
| – Impairment and amortisation of goodwill | 80 |
59 |
122 |
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| – Impairment of investments and assets | 12 |
210 |
207 |
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| – Capital surplus on the disposal of | ||||
| long-term investments | (21) |
(19) |
(24) |
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| – Surplus on disposal of property, plant | ||||
| and equipment | * |
1 |
3 |
|
| HEADLINE EARNINGS | 406 |
372 |
740 |
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| * Amount smaller than R500 000 | ||||