CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2020
GROUP
COMPANY
2020
2019 *
2020
2019
NOTES
R’m
R’m
R’m
R’m
Services rendered 634 813 - -
Income from sale of goods 3 764 1 500 - -
Revenue from contracts with customers 4 398 2 313 - -
Finance income 22.3 405 374 - -
Revenue 4 803 2 687 - -
Cost of sales and finance income 22.1 (3 027) (1 357) - -
Gross profit 1 776 1 330 - -
Dividend income 23 - - 58 54
Gain on bargain purchase of subsidiary 6.2.1 56 - - -
Distribution, sales and administrative expenses 22.1 (1 278) (848) (5) (4)
Credit loss expense on financial assets 22.1 (8) (15) - -
Operating profit 546 467 53 50
Finance income 22.3 4 - - -
Finance costs 22.2 (92) (82) (2) (2)
Share of (loss)/profit from joint ventures and associate 8.1 (19) 6 - -
Profit before tax from operations 439 391 51 48
Tax 18.1 (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 - -
Fair value adjustment on other financial assets 7.1.1 (2) - - -
Share of other comprehensive income of joint venture 8.1 1 - - -
Other comprehensive income not to be reclassified to profit or
loss in subsequent periods, net of tax
- - 7 -
Fair value adjustment on other financial assets 6.1 - - 7 48
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
* Change in presentation of finance costs and cost of sales. Refer to note 35.
EARNINGS PER SHARE
NOTES
2020
CENTS/
SHARE
2019
CENTS/
SHARE
Basic and diluted earnings per share 25.1.3 141,6 135,0
Normalised headline earnings per shareDIV 25.1.3 112,2 142,0
DIVIDENDS FOR THE YEAR
Dividend per share paid during the year 25.2 42 40
Final dividend previous year 21 19
Interim dividend 21 21
Final dividend per share proposed 25.2 23 21
Senwesbel Limited Reg no: 1996/017629/06 SENWESBEL ANNUAL FINANCIAL STATEMENTS 2020 12