Summarised preliminary consolidated income statement
FOR THE YEAR ENDED 30 SEPTEMBER
| Audited | |||||
| R million | Notes | 2020 | Restated * 2019 |
||
|---|---|---|---|---|---|
| CONTINUING OPERATIONS | |||||
| Revenue | 3 | 49 683 | 60 206 | ||
| Operating profit before items listed below | 5 122 | 6 547 | |||
| Impairment losses on financial assets and contract assets | (292) | (75) | |||
| Depreciation | (2 661) | (2 387) | |||
| Amortisation of intangible assets | (136) | (115) | |||
| Operating profit before B-BBEE transaction charge | 4 | 2 033 | 3 970 | ||
| B-BBEE transaction charge | 4 | (236) | (73) | ||
| Operating profit | 4 | 1 797 | 3 897 | ||
| Fair value adjustments on financial instruments | (340) | 22 | |||
| Finance costs | (1 274) | (1 134) | |||
| Income from investments | 155 | 203 | |||
| Profit before non-operating and capital items | 338 | 2 988 | |||
| Non-operating and capital items comprising of: | |||||
| Impairment of investments | (194) | (25) | |||
| Impairment of goodwill | (702) | ||||
| Impairment of indefinite life intangible assets | (708) | ||||
| Impairment of property, plant and equipment, intangibles and other assets | (303) | (127) | |||
| Fair value gain on deconsolidation of subsidiary | 212 | ||||
| Other non-operating and capital items | 7 | 15 | |||
| (Loss)/profit before taxation | (1 562) | 3 063 | |||
| Taxation | 5 | (889) | (850) | ||
| (Loss)/profit after taxation | (2 451) | 2 213 | |||
| (Loss)/income from associates and joint ventures | (48) | 231 | |||
| (Loss)/profit for the year from continuing operations | (2 499) | 2 444 | |||
| DISCONTINUED OPERATIONS | |||||
| Profit from discontinued operations | 11 | 33 | |||
| (Loss)/profit for the year | (2 499) | 2 477 | |||
| Attributable to: | |||||
| Owners of Barloworld Limited | (2 476) | 2 428 | |||
| Non-controlling interests in subsidiaries | (23) | 49 | |||
| (2 499) | 2 477 | ||||
| (Loss)/earnings per share (cents) | |||||
| — basic | 2 | (1 236.0) | 1 150.2 | ||
| — diluted | 2 | (1 236.0) | 1 146.9 | ||
| (Loss)/earnings per share from continuing operations (cents) | |||||
| — basic | 2 | (1 236.0) | 1 134.6 | ||
| — diluted | 2 | (1 236.0) | 1 131.3 | ||
| Earnings per share from discontinued operation (cents) | |||||
| — basic | 15.6 | ||||
| — diluted | 15.6 | ||||
| * | The restatement is due to Avis fleet no longer being classified as a discontinued operation, the restatement of impairment losses on financial assets and contract assets together with the disaggregation of non-operating and capital items (Refer to note 20). |