Condensed consolidated statement of profit or loss and other comprehensive income

for the period ended 31 March 2017

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R’m 6 months
31 March
2017
  %
Change
6 months
31 March
2016
 
Revenue  9 638     22.6  7 860    
Operating expenses  (7 848)       (6 081)   
Operating profit  1 790     0.6  1 779    
Contingent consideration released          66    
Transaction costs  (254)       (11)   
Impairment of investment  (142)       –    
Fair value adjustment of contingent consideration  (18)       –    
Reorganisation and contract mobilisation costs  (18)       –    
Fair value (loss)/gain on derivative financial instruments  (18)       12    
Other  (14)       (8)   
Finance income  30        33    
Finance cost  (713)       (279)   
Share of associates’ and joint ventures’ net loss after tax  (9)       (1)   
Profit before tax  634        1 591    
Tax expense  (331)       (458)   
Profit after tax  303     (73.3) 1 133    
Other comprehensive (loss)/income, net of tax                
   Items that may be reclassified to profit or loss                
   Movement in foreign currency translation reserve  (638)       124    
   Items that will not be reclassified to profit or loss                
   Retirement benefit asset and post-employment medical aid  (6)       (4)   
Total comprehensive (loss)/income for the year  (341)    (127.2) 1 253    
Profit after tax attributable to:                
   Ordinary equity holders of the parent  144     (85.1) 965    
   Non-controlling interest  159        168    
   303     (73.3) 1 133    
Total comprehensive (loss)/income attributable to:                
   Ordinary equity holders of the parent  (496)    (146.0) 1 078    
   Non-controlling interest  155        175    
   (341)    (127.2) 1 253    
Weighted average number of shares in issue (million) 1 054        1 038    
Earnings per share (cents) 13.7     (85.3) 93.0    
Headline earnings per share (cents) 26.7     (71.3) 93.0    
Diluted earnings per share (cents) 13.7     (85.2) 92.7    
Diluted headline earnings per share (cents) 26.6     (71.3) 92.7    
Headline earnings (R’m)               
Profit attributable to ordinary equity holders  144        965    
Headline earnings adjustable items                
Impairment of investment  142        –    
Other  (5)       –    
Headline earnings  281     (70.9) 965