CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

for the period ended 31 March 2020

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  2020
R’m
  Change
%
2019
R’m
 
Revenue  13 244     6.8  12 399    
Operating expenses  (11 397)      (10 596)   
Operating profit1  1 847     2.4  1 803    
Fair value adjustments to contingent consideration  (34)      (38)   
Fair value loss on derivative financial instruments  (10)      (370)   
Gain on derecognition of lease asset and liability  75       –    
Impairment of assets and investments  –       (37)   
(Loss)/profit on disposal of property, plant and equipment  (2)        
Transaction costs  (5)      (30)   
Other  –       (2)   
Finance income       13    
Finance cost1  (455)      (525)   
Share of associate' and joint ventures' net profit after tax  10         
Profit before tax1  1 434     74.5  822    
Tax expense  (498)      (324)   
Profit after tax  936     88.0  498    
Other comprehensive income/(loss), net of tax            
   Items that may be reclassified to profit or loss            
   Movement in foreign currency translation reserve  2 105       466    
   Items that will not be reclassified to profit or loss            
   Retirement benefit asset and post-employment medical aid  (41)      (4)   
Total comprehensive income for the year  3 000     >100  960    
Profit after tax attributable to:            
   Ordinary equity holders of the parent  781     >100  357    
   Non-controlling interest  155       141    
  936     88.0  498    
Total comprehensive income attributable to:            
Ordinary equity holders of the parent  2 818     >100  812    
Non-controlling interest  182       148    
  3 000     >100  960    
Weighted average number of shares in issue (million) 1 455     (0.1) 1 456    
Earnings per share (cents) 53.7     119.2  24.5    
Headline earnings per share (cents) 53.8     100.0  26.9    
Diluted earnings per share (cents) 53.5     119.3  24.4    
Diluted headline earnings per share (cents) 53.7     100.4  26.8    
Headline earnings (R'm)            
Profit attributable to ordinary equity holders  781       357    
Adjustments (net of tax)           
   Impairment of assets and investments  –       37    
   Loss/(profit) on disposal of property, plant and equipment       (3)   
Headline earnings  783     >100  391    
1 Impact of adopting IFRS 16 on statement of profit or loss – refer to note 3.

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