Supplementary pro forma information regarding the currency effects of the translation of foreign operations on the group
The pro forma financial information has been compiled for illustrative purposes only and is the responsibility of the board. Due to the nature of this information, it may not fairly present the group's financial position, changes in equity and results of operations or cash flows. The pro forma information has been compiled in terms of the JSE Listings Requirements and the Revised Guide on Pro Forma Information by SAICA.
The illustrative information, detailed below, has been prepared on the basis of applying the H1F2019 average rand exchange rates to the H1F2020 foreign subsidiary income statements and recalculating the reported revenue, trading profit, headline earnings and headline earnings per share of the group for the period. Average exchange rates are calculated using the arithmetic mean of the daily exchange rates over the reporting period.
| For the half-year ended December 31 |
Illustrative 2019 at 2018 |
||||||
|---|---|---|---|---|---|---|---|
| R000s | 2019 Unaudited |
2018 Unaudited Restated# |
% change |
average exchange rates |
% change |
||
| Continuing operations | |||||||
| Revenue | 68 215 439 | 66 091 975# | 3,2 | 68 115 403 | 3,1 | ||
| Trading profit | 3 579 354 | 3 277 347 | 9,2 | 3 580 079 | 9,2 | ||
| Headline earnings | 2 431 234 | 2 332 642 | 4,2 | 2 432 431 | 4,3 | ||
| Headline earnings per share (cents) | 728,3 | 700,2 | 4,0 | 728,6 | 4,1 | ||
| Constant currency per segment from continuing operations | |||||||
| Revenue | |||||||
| Australasia | 15 833 235 | 16 047 837 | (1,3) | 16 048 191 | 0,0 | ||
| United Kingdom | 17 787 330 | 17 208 760 | 3,4 | 17 649 363 | 2,6 | ||
| Europe | 23 040 079 | 22 129 984# | 4,1 | 23 066 399 | 4,2 | ||
| Emerging Markets | 11 554 795 | 10 705 394 | 7,9 | 11 351 450 | 6,0 | ||
| 68 215 439 | 66 091 975# | 3,2 | 68 115 403 | 3,1 | |||
| Trading profit | |||||||
| Australasia | 1 045 922 | 980 922 | 6,6 | 1 060 190 | 8,1 | ||
| United Kingdom | 909 354 | 856 706 | 6,1 | 902 301 | 5,3 | ||
| Europe | 1 098 949 | 979 866 | 12,2 | 1 098 784 | 12,1 | ||
| Emerging Markets | 571 819 | 501 993 | 13,9 | 565 246 | 12,6 | ||
| Corporate office | (46 690) | (42 140) | (10,8) | (46 442) | (10,2) | ||
| 3 579 354 | 3 277 347 | 9,2 | 3 580 079 | 9,2 | |||
| * | These figures include the impact of IFRS 16: Leases. For like-for-like comparison refer to the pro forma financial statements set out in the Annexure, which exclude the impact of IFRS 16: Leases |
| # | Revenue restatement – refer to revenue and cost of revenue restatement of comparatives note |