80 / 166
Note
2017
R’000
2016
R’000
Revenue
2
130 926 600
135 537 531
Cost of revenue
(102 567 995)
(107 470 732)
Gross profit
28 358 605
28 066 799
Operating expenses
(22 852 330)
(23 233 908)*
Sales and distribution expenses
(18 926 499)
(19 237 323)
Administration expenses
(3 575 622)
(3 484 653)
Other expenses
(350 209)
(511 932)
Trading profit
5 506 275
4 832 891
Share-based payment expense
(97 569)
(48 653)
Acquisition costs
(46 084)
(8 947)
Net capital items
3
114 331
(148 773)
Operating profit
3
5 476 953
4 626 518
Net finance charges
4
(219 169)
(223 779)
Finance income
96 763
66 846
Finance charges
(315 932)
(290 625)
Share of profit of associates and jointly controlled entity
25 055
26 386
Dividends received
14 854
23 467
Share of current year earnings
10 201
2 919
Profit before taxation
5 282 839
4 429 125
Taxation
5
(1 250 958)
(1 109 081)
Profit for the year
4 031 881
3 320 044
Attributable to
Shareholders of the company
4 008 287
3 279 576
Non-controlling interests
23 594
40 468
4 031 881
3 320 044
Basic earnings per share (cents)
6
1 207,1
3 979,8
Headline earnings per share (cents)
6
1 181,0
4 154,0
Dividends per share (cents)
500,0
241,0
* Certain categories of operating expenses were reclassified during the year. Operating expenses are treated in a consistent manner across all segments within the
Bidcorp group. The comparative year’s operating expenses category has been reclassified to reflect these reclassifications. There was no change in the total operating
expenses, and the reclassification did not affect earnings per share, and headline earnings per share values for the comparatives.
FINANCIAL OVERVIEW
Consolidated statement of profit or loss
for the year ended June 30
FINANCIAL STAT MENTS
Annual integrated report 2017
Bid Corporation Limited
76