Annual financial statements

The audited financial statements contained in this section were prepared under the supervision of Louis Jacques Botha, CA(SA), in his capacity as Chief Financial Officer of the Group.

Consolidated statement of comprehensive incomefor the year ended 30 June 2014

GROUP				COMPANY
2014 R’000	2013 Restated R’000		Notes	2014 R’000	2013 R’000
7 192 650	6 605 356	Sales of products
822 040	801 755	Rendering of services
511 485	420 508	Sale of raw milk
4 062	5 292	Rental income
8 530 237	7 832 911	Revenue
(6 291 191)	(5 712 404)	Cost of sales	6.1
2 239 046	2 120 507	Gross profit
48 916	61 860	Other operating income	6.2	45 934	45 411
–	–	Dividends received		45 000	–
(1 770 510)	(1 558 404)	Selling and distribution costs
(195 567)	(204 018)	Administrative expenses		(11 211)	(11 399)
(16 036)	(35 750)	Restructuring expenses	6.7	(49)	(49)
(23 573)	(12 571)	Other operating expenses	6.3	–	–
282 276	371 624	Operating profit	6.4	79 674	33 963
7 234	9 715	Finance income	6.5	3 193	5 408
(65 043)	(56 432)	Finance cost	6.6	–	(20 346)
14 306	13 974	Share of profit in a joint venture after tax	4
238 773	338 881	Profit before tax		82 867	19 025
(49 791)	(99 022)	Taxes	7	(10 603)	(11 038)
188 982	239 859	Profit for the year		72 264	7 987
		Other comprehensive income to be reclassified to profit and loss in future
2 565	(272)	Exchange differences on translations of foreign operations
191 547	239 587	Total comprehensive income for the year, net of tax		72 264	7 987
		Profit attributable to:
186 666	238 626	Equity holders of the parent		72 264	7 987
2 316	1 233	Non-controlling interests
188 982	239 859			72 264	7 987
		Total comprehensive income attributed to:
189 231	238 354	Equity holders of the parent		72 264	7 987
2 316	1 233	Non-controlling interests
191 547	239 587			72 264	7 987
		Earnings per share (cents)
102,3	133,1	Basic profit for the year attributable to ordinary equity holders of the parent	8
97,3	123,8	Diluted profit for the year attributable to ordinary equity holders of the parent	8