Agribel Interim Results 2020/2021 | Page 5

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
12 MONTHS
6 MONTHS ENDED ENDED
31 OCTOBER 30 APRIL
2020 UNAUDITED
R ’ m
2019
UNAUDITED R ’ m
2020 AUDITED
R ’ m
Revenue 3 517 1 954 4 803 Operating profit before depreciation and amortisation ( EBITDA ) 510 345 645 Depreciation and amortisation ( 68 ) ( 36 ) ( 95 ) Operating profit before interest ( EBIT ) 442 386 550 Finance costs ( 50 ) ( 53 ) ( 92 ) Profit after finance costs 392 256 458 Share of ( loss )/ profit from joint ventures and associates 19 ( 11 ) ( 19 ) Profit before tax and profit from merger transaction 411 245 439
Profit after tax from discontinued operations and operations transferred to merger entity
- -
Profit before tax 411 245 439 Taxation ( 102 ) ( 65 ) ( 110 ) Profit for the year 309 180 329 Profit /( loss ) after tax from discontinued operations - - - Profit for the year 309 180 329
Other comprehensive income to be classified to profit or loss in subsequent periods , net of tax
Share of other comprehensive income of joint venture - - 1
Fair value adjustment on financial asset at fair value through other comprehensive income
- ( 3 ) ( 2 )
Total comprehensive income for the year , net of tax 309 177 328
Profit attributable to : Equity holders of the parent 155 118 164 Non-controlling interest 154 62 165
Total comprehensive income attributable to : Equity holders of the parent 155 116 163 Non-controlling interest 154 61 165
EARNINGS AND NORMALISED HEADLINE EARNINGS Earnings per statement of comprehensive income
155
118
164
Adjustments : Impairment and adjustments of silos and other buildings
-
-
-
Impairment of goodwill
-
-
3
Profit from sale of property , plant and equipment
( 5 )
( 2 )
( 3 )
Impairment of property , plant and equipment and intangible assets
-
2
-
Gain from acquisition of subsidiary
( 29 )
( 25 )
-
Tax effect of adjustments
1
-
-
Headline earnings :
122
93
164
Loss on foreign exchange on capital loans
1
-
1
Legal / consultation fees
3
( 1 )
9
( Reversal )/ impairment of investments and loans
14
-
-
Restructuring costs
5
-
-
Other / non-recurring events
-
-
Tax effect of adjustments
( 2 )
1
( 2 )
Normalised headline earnings
143
93
172
Weighted average number of shares in issue (' 000 )
123 471
116 092
116 092
Earnings per share ( cents )
125,2
102,0
141,3
Normalised headline earnings per share ( cents )
115,6
79,8
148,2
DIVIDENDS PER SHARE Dividend ( cents )
23
21
44
Final dividend
-
-
23
Interim dividend proposed
23
21
21
Net asset value per share for the group ( cents )
1 512
1 484
1 464
Net asset value per share for the company ( cents )
739
827
800
AGRIBEL HOLDINGS INTERIM RESULTS 31 OCTOBER 2020
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