Life Healthcare Group

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

for the year ended 30 September 2020

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		2020  R'm		Change  %		2019  R'm
Revenue		25 386		(1.1)		25 672
Operating expenses		(23 206)				(21 728)
Operating profit1		2 180		(44.7)		3 944
Fair value adjustments to contingent consideration		(37)				2
Fair value loss on derivative financial instruments		(5)				(438)
Gain on derecognition of lease asset and liability		75				–
Impairment of assets and investments		(798)				(164)
Profit on disposal of investment in joint venture		–				1 501
Profit on disposal of investment in subsidiary		–				11
Loss on disposal of property, plant and equipment		(6)				–
Transaction costs relating to acquisitions and disposals		(17)				(148)
Other		–				(22)
Finance income		93				60
Finance cost1		(918)				(1 058)
Share of associates' and joint ventures' net profit after tax		14				18
Profit before tax1		581		(84.3)		3 706
Tax expense		(543)				(835)
Profit after tax		38		(98.7)		2 871
Other comprehensive income/(loss), net of tax
	Items that may be reclassified to profit or loss
	Movement in foreign currency translation reserve	1 833				117
	Items that will not be reclassified to profit or loss
	Retirement benefit asset and post-employment medical aid	(13)				(54)
Total comprehensive income for the year		1 858		(36.7)		2 934
Profit after tax attributable to:
	Ordinary equity holders of the parent	(93)		> (100)		2 569
	Non-controlling interest	131				302
		38		(98.7)		2 871
Total comprehensive income attributable to:
	Ordinary equity holders of the parent	1 708		(34.9)		2 622
	Non-controlling interest	150				312
		1 858		(36.7)		2 934

1	Impact of adopting IFRS 16 on statement of profit or loss – refer to note 3.

 

		2020  R'm		Change  %		2019
(Loss)/earnings per share (cents)		(6.4)		>(100)		176.4
Diluted (loss)/earnings per share (cents)		(6.4)		>(100)		175.8