Agribel Interim Results 2021/2022 | Page 5

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
6 MONTHS ENDED 31 OCTOBER
2021 UNAUDITED
R ’ m
2020 UNAUDITED
R ’ m
12 MONTHS ENDED 30 APRIL
2021 AUDITED
R ’ m *
Revenue 5 199 3 517 7 575 Earnings before depreciation and amortisation ( EBITDA ) 531 510 976 Depreciation and amortisation ( 71 ) ( 68 ) ( 142 ) Earnings before interest ( EBIT ) 460 442 834 Finance costs ( 75 ) ( 50 ) ( 104 ) Profit after finance costs 385 392 730 Share of profit from joint ventures and associates 21 19 14 Profit before tax 406 411 744 Taxation ( 107 ) ( 102 ) ( 178 ) Profit for the year 299 309 566
Other comprehensive income not to be classified to profit or loss in subsequent periods , net of tax
Fair value adjustment on financial asset at fair value through other comprehensive income
- - 2
Total comprehensive income for the year , net of tax 299 309 568
Profit attributable to : Equity holders of the parent 219 155 285 Non-controlling interest 80 154 281
Total comprehensive income attributable to : Equity holders of the parent 219 155 286 Non-controlling interest 80 154 282
EARNINGS AND NORMALISED HEADLINE EARNINGS Earnings per statement of comprehensive income
219
155
285
Adjustments : Impairment of property , plant and equipment and intangible assets
4
-
6
Impairment of goodwill
-
-
21
Profit from sale of property , plant and equipment
( 5 )
( 5 )
( 27 )
Gain on the disposal of investment in joint venture
-
-
( 20 )
Gain on bargain purchase of subsidiaries
-
( 29 )
( 76 )
Tax effect of adjustments
1
1
5
Headline earnings :
219
122
194
Loss on foreign exchange on capital loans
-
1
-
Legal / consultation fees
12
3
11
Reversal of impairment on loans of a capital nature
-
-
( 21 )
Impairment of investments
3
14
14
Restructuring costs
-
5
8
Other once-off items
-
-
27
Tax effect of adjustments
-
( 2 )
( 11 )
Normalised headline earnings
234
143
222
Weighted average number of shares in issue (' 000 )
123 465
123 471
119 781
Earnings per share ( cents )
174,0
125,2
237,9
Normalised headline earnings per share ( cents )
189,5
115,6
185,3
DIVIDENDS PER SHARE Dividend ( cents )
25
23
65
Final dividend
-
-
23
Interim dividend proposed
25
23
23
Special dividend
-
-
19
Net asset value per share for the group ( cents )
2 164
1 512
2 062
Net asset value per share for the company ( cents )
824
739
864
AGRIBEL HOLDINGS INTERIM RESULTS 31 OCTOBER 2021
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