ANNUAL FINANCIAL STATEMENTS 2024

for the year ended 30 September 2024

Income statements

for the year ended 30 September 2024

    GROUP   COMPANY
(R'million) Notes 2024 2023   2024 2023
Continuing operations            
Total revenue 2 37 662,2 37 388,5   2 104,7 1 983,6
Total cost of sales 3 (26 991,8) (27 048,2)      
Gross profit   10 670,4 10 340,3   2 104,7 1 983,6
Sales and distribution expenses   (4 795,2) (4 702,0)      
Marketing expenses   (856,6) (969,1)      
Other operating expenses   (1 996,3) (1 777,9)   (25,7) (25,8)
Sundry income 4 101,5 167,9   7,2 5,5
Expected credit loss reversed 21.2 20,0 59,0  
Operating income before impairments and non-operational items 5 3 143,8 3 118,2   2 086,2 1 963,3
Impairments and fair value (loss)/gain 7 (25,5) (43,2)   386,6 (271,2)
Operating income after impairments   3 118,3 3 075,0   2 472,8 1 692,1
Non-operational items 8 241,5 33,0   (155,0)
Profit including non-operational items   3 359,8 3 108,0   2 317,8 1 692,1
Finance costs 9.1 (320,4) (267,9)   (1,4) (0,1)
Finance income 9.2 21,1 29,9   57,1 60,0
Foreign exchange loss 9.3 (51,1) (33,6)   (56,8) (34,7)
Investment income   20,9 18,0      
Income from associated companies 16.2 724,3 696,6      
Profit before taxation   3 754,6 3 551,0   2 316,7 1 717,3
Taxation 10 (799,3) (817,1)   (12,2) (13,9)
Profit for the year from continuing operations   2 955,3 2 733,9   2 304,5 1 703,4
Discontinued operation            
Profit for the year from discontinued operation 36 102,2      
Profit for the year   3 057,5 2 733,9   2 304,5 1 703,4
Attributable to:            
Owners of the parent   3 028,5 2 697,2   2 304,5 1 703,4
Continuing operations   2 926,3 2 697,2      
Discontinued operation   102,2      
Non-controlling interest   29,0 36,7      
Continuing operations   29,0 36,7      
  3 057,5 2 733,9   2 304,5 1 703,4
Basic earnings per ordinary share (cents)   1 942,2 1 724,7      
Continuing operations   1 876,7 1 724,7      
Discontinued operation   65,5      
Diluted basic earnings per ordinary share (cents)   1 915,8 1 700,0      
Continuing operations   1 851,1 1 700,0      
Discontinued operation   64,7      

Refer to note 11 for further details on headline earnings per share.