CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2004
 
 
 
 
2004  
 
 
2003 
 
 
 
Company  
 
 
Company 
 
 
 
 
and its  
Associated  
 
and its 
Associated 
 
R million
Notes 
subsidiaries  
companies 
Total  
subsidiaries 
companies 
Total 
Revenue
12 
115  
  
115  
256 
 
256 
Net interest income
13 
 98  
   
98  
179 
  
179 
Share of profit of associated
 
 
 
 
 
 
 
   companies
 
 
980  
980  
 
769 
769 
Amortisation of goodwill
2 
(102)
(20)
(122)
(86)
(19)
(105)
Impairment of goodwill
2 
(198)
–  
(198)
(70)
(13)
(83)
Impairment of assets
 
(6)
(4)
(10)
– 
(234)
(234)
Other expenses
13 
(46)
 
(46)
(40)
 
(40)
Capital surplus on the disposal
   
   
 
 
   
   
 
   of long-term investments
15 
20  
4  
24  
357 
5 
362 
Profit/(loss) before taxation
(234)
960  
726  
340 
508 
848 
Taxation
16 
(14)
 (280)
(294)
(51)
(204)
(255)
Net profit/(loss) for the year
(248)
680  
432  
289 
304 
593 
 
 
Reconciliation of headline earnings:
Basic earnings – net profit/(loss)
  
   for the year
  
(248)
680  
432  
289 
304 
593 
Plus/(minus) – attributable
  
   to own members:
   Amortisation of goodwill
102  
20  
122  
86 
19 
105 
   Impairment of goodwill and assets
203  
4  
207  
70 
247 
317 
   Capital surplus on the disposal of
      long-term investments
(20)
(4)
(24)
(357)
(5)
(362)
   (Surplus)/loss on disposal of
  
  
  
  
  
  
      property, plant and equipment
–  
3  
3  
– 
(1)
(1)
   Tax effect
*  
*  
*  
13 
* 
13 
Headline earnings
37  
703  
740  
101 
564 
665 
 
 
Earnings per share
17 
Headline earnings per share (cents)
7.6  
143.8  
151.4  
19.8 
110.4 
130.2 
– Diluted
 
7.5  
143.5  
151.0  
19.8 
110.3 
130.1 
Basic earnings per share (cents)
 
(50.7)
139.1  
88.4  
56.6 
59.5 
116.1 
– Diluted
 
(50.6)
138.7  
88.1  
56.6 
59.5 
116.1 
 
* Amount smaller than R500 000