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BUSINESS MODEL
AND STRATEGIC
OBJECTIVES
LEADERSHIP
GOVERNANCE
OPERATING
PERFORMANCE
SHAREHOLDERS’
INFORMATION AND
ADMINISTRATION
FINANCIAL
PERFORMANCE
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
113
GROUP STATEMENT OF COMPREHENSIVE INCOME
For the year ended 31 May 2014
Notes
2014
R’000
2013
R’000
Revenue
17
19 401 666
18 984 210
Other income
26 692
16 137
Changes in inventories of finished goods
(18 052 132)
(17 712 965)
Employee compensation and benefit expense
18
(332 542)
(332 901)
Depreciation, amortisation and impairment charges
(65 137)
(67 951)
Other expenses
(255 691)
(240 859)
Operating profit
19
722 856
645 671
Finance costs
20
(166 876)
(167 096)
Finance income
20
156 250
173 260
Share of losses from associates and joint ventures
6
(56 873)
(47 326)
Net profit before taxation
655 357
604 509
Taxation
21
(206 442)
(196 404)
Net profit for the year
448 915
408 105
Other comprehensive income:
Share of other comprehensive income of associates and joint ventures*
26 099
79 722
Exchange (loss)/profit on translation of foreign operations*
(462)
8 166
Other comprehensive income for the year, net of tax
25 637
87 888
Total comprehensive income for the year
474 552
495 993
Net profit for the year attributable to:
Equity holders of the parent
450 230
424 841
Non-controlling interest
(1 315)
(16 736)
Total comprehensive income for the year attributable to:
Equity holders of the parent
475 889
512 441
Non-controlling interest
(1 337)
(16 448)
Earnings per share for profit attributable to:
Equity holders (cents)
– Basic
22
67.88
64.22
– Diluted
22
66.86
63.19
* These components of other comprehensive income do not attract any tax and may subsequently be recycled to profit or loss.