Consolidated statement of profit or loss

for the year ended June 30


	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.