CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2020
GROUP
COMPANY
2020
R’m
2019
R’m
2020
R’m
2019
R’m
Services rendered 634 813 - -
Income from sale of goods 3 764 1 500 - -
Revenue from contracts with customers 4 398 2 313 - -
Cost of sales and finance income 405 374 - -
Revenue 4 803 2 687 - -
Cost of sales (3 027) (1 357) - -
Gross profit 1 776 1 330 - -
Dividend income - - 58 54
Gain on bargain purchase of subsidiary 56
Distribution, sales and administrative expenses (1 278) (848) (5) (4)
Credit loss expense on financial assets (8) (15) - -
Operating profit 546 467 53 50
Finance income 4 - - -
Finance costs (92) (82) (2) (2)
Share of (loss)/profit from joint ventures and associate (19) 6 - -
Profit before tax from operations 439 391 51 48
Tax
(110) (115) (1) -
Profit for the year after tax 329 276 50 48
Other comprehensive income to be reclassified to profit or
loss in subsequent periods, net of tax
(1) 1 7 -
Fair value adjustment on other financial assets (2) - 7 -
Share of other comprehensive income of joint venture 1 - - -
Total comprehensive income for the year, net of tax 328 277 57 48
Profit attributable to:
Equity holders of the parent 164 154
Non-controlling interest 165 122
Total comprehensive income attributable to:
Equity holders of the parent 163 155
Non-controlling interest 165 122
EARNINGS PER SHARE
2020
cents/
share
2019
cents/
share
Earnings per share 141,6 135,0
Normalised headline earnings per share 112,2 142,0
DIVIDENDS FOR THE YEAR
Dividend paid during the year 42 40
Final dividend previous year 21 19
Interim dividend 21 21
Final dividend per share proposed 23 21
9 SENWESBEL CONDENSED ANNUAL REPORT 2020 Senwesbel Limited Reg nr: 1996/017629/06