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Column 1 Column 2 Column 3 Column 4
Column 5 Column 6
Column 7
Column 8
Financial
information
of Bidcorp
Audited
R’000
Excluded
assets
Pro forma
R’000
Issue of
shares
Pro forma
R’000
SA food
interests
Pro forma
R’000
Included
food
property and
corporate
Pro forma
R’000
Treasury
shares
Pro forma
R’000
Consolidation
entries
Pro forma
R’000
Bidcorp
Group
Pro forma
R’000
Revenue
135 537 531
(5 633)
– 4 991 403
46 190
–
(46 190)
140 523 301
Cost of revenue
(107 470 732)
4 679
– (3 873 283)
–
–
(111 339 336)
Gross profit
28 066 799
(954)
– 1 118 120
46 190
–
(46 190)
29 183 965
Operating expenses
(23 233 908)
(3 360)
–
(832 849)
(9 425)
–
46 190
(24 033 352)
Sales and distribution expenses
(17 367 564)
–
–
(655 638)
–
–
– (18 023 202)
Administration expenses
(3 503 102)
(3 357)
–
(166 350)
(9 425)
–
46 190
(3 636 044)
Other expenses
(2 363 242)
(3)
–
(10 861)
–
–
–
(2 374 106)
Trading profit
4 832 891
(4 314)
–
285 271
36 765
–
–
5 150 613
Share-based payment expense
(48 653)
–
–
(7 399)
(7 932)
–
–
(63 984)
Acquisition costs
(8 947)
–
–
–
–
–
–
(8 947)
Net capital items
(148 773)
–
–
(9 148)
–
–
–
(157 921)
Operating profit
4 626 518
(4 314)
–
268 724
28 833
–
–
4 919 761
Net finance charges
(223 779)
(37)
–
(58 856)
357
–
(12 238)
(294 553)
Finance expense
(290 625)
–
–
(97 920)
–
–
(12 238)
(400 783)
Finance income
66 846
(37)
–
39 064
357
–
–
106 230
Share of profit of associates
26 386
–
–
(2 401)
–
–
–
23 985
Dividends received
23 467
–
–
–
–
–
–
23 467
Share of current year earnings
2 919
–
–
(2 401)
–
–
–
518
Profit before taxation
4 429 125
(4 351)
–
207 467
29 190
–
(12 238)
4 649 193
Taxation
(1 109 081)
1 378
(66 243)
(8 173)
–
3 092
(1 179 027)
Profit for the year
3 320 044
(2 973)
–
141 224
21 017
–
(9 146)
3 470 166
Attributable to:
Shareholders of the company
3 279 576
(1 960)
–
141 224
21 017
–
(9 146)
3 430 711
Non-controlling interest
40 468
(1 013)
–
–
–
–
–
39 455
3 320 044
(2 973)
–
141 224
21 017
–
(9 146)
3 470 166
Basic earnings per share (cents)
3 979,8
(2,4)
–
42,6
6,3
–
(2,8)
1 034,0
Diluted basic earnings per share
(cents)
3 943,3
(2,4)
–
42,6
6,3
–
(2,8)
1 031,6
Headline earnings per share (cents)
4 154,0
(2,4)
–
45,2
6,3
–
(2,8)
1 080,0
Diluted headline earnings per share
(cents)
4 115,8
(2,4)
–
45,2
6,3
–
(2,8)
1 077,5
Weighted number of ordinary shares
in issue
82 405
– 335 404
–
–
(3 613)
–
331 791
Diluted weighted number of ordinary
shares in issue
83 169
– 336 168
–
–
(3 613)
–
332 555
Pro forma statement of comprehensive income of the Bidcorp Group
for the year ended June 30 2016
151
Annual integrated report 2017
Bid Corporation Limited