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96
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
AIRTIME
FINANCIAL DIRECTOR’S
REPORT
CONTINUED
GROUP INCOME STATEMENT
31 May
2014
R’000
31 May
2013
R’000
Growth
R’000
%
growth
Revenue
19 401 666
18 984 210
417 456
2
Gross profit
1 349 534
1 271 245
78 289
6
GP margin (%)
6.96
6.70
0.26
4
Other income
26 336
12 313
14 023
114
Overheads
(588 162)
(573 116)
(15 046)
(3)
EBITDA
787 708
710 442
77 266
11
Depreciation, amortisation and impairment
(63 937)
(64 543)
606
1
EBIT
723 771
645 899
77 872
12
Finance costs
(166 876)
(167 096)
220
0
Finance income
156 250
173 260
(17 010)
(10)
Net profit before tax
713 145
652 063
61 082
9
Taxation
206 698
197 137
(9 561)
(5)
Net profit after tax
506 447
454 926
51 521
11
Non-controlling interest
1 315
16 906
(15 591)
(92)
Share of profit from associates
8 448
6 726
1 722
26
Share of loss from joint ventures
(65 321)
(54 052)
(11 269)
(21)
Headline earnings
450 889
424 506
26 383
6
Headline earnings adjustments
(659)
335
(994)
(297)
Net profit attributable to equity
holders of parent
450 230
424 841
25 389
6
Core intangible adjustment
10 372
12 675
(2 303)
(18)
Core net profit
460 602
437 516
23 086
5
Earnings per share
67.88
64.22
3.66
6
Headline earnings per share
67.98
64.17
3.81
6
Core earnings per share
69.44
66.13
3.31
5