Income statement

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for the year ended
(in Rand million)
 
31 March
2013
  31 March
2012
 
Revenue   50 194   45 900  
Net operating expenses excluding depreciation, derecognition and amortisation   (29 143)   (27 018)  
Profit from operations before depreciation, derecognition, amortisation and items listed below (EBITDA)   21 051   18 882  
Depreciation, derecognition and amortisation   (9 277)   (8 355)  
Profit from operations before the items listed below:   11 774   10 527  
Impairment of assets   (588)   (342)  
Post-retirement benefit obligation income   28   31  
Fair value adjustments   222   (202)  
Income/(loss) from associates and joint ventures   24   (6)  
Profit from operations before net finance costs   11 460   10 008  
Finance costs   (5 545)   (4 255)  
Finance income   405   488  
Profit before taxation   6 320   6 241  
Taxation   (1 980)   (2 122)  
Profit for the year   4 340   4 119