Imperial - Unaudited results Dec 2018: Profit or Loss Statement

Condensed consolidated statement of profit or loss

for the six months ended 31 December 2018

Rm	Notes	% change	Unaudited six months ended December 2018	Unaudited six months ended December 2017*	Audited financial year ended June 2018
Continuing operations – Imperial Logistics
Revenue		1	26 637	26 320	51 303
Net operating expenses			(24 760)	(24 386)	(47 408)
Profit from operations before depreciation and recoupments			1 877	1 934	3 895
Depreciation, amortisation, impairments and recoupments			(552)	(558)	(1 082)
Operating profit		(4)	1 325	1 376	2 813
Recoupments from sale of properties, net of impairments			4	(3)	22
Amortisation of intangible assets arising on business combinations			(196)	(220)	(417)
Foreign exchange losses			(21)	(31)	(50)
Other non-operating items	8		(8)	(117)	(113)
Profit before net finance costs			1 104	1 005	2 255
Net finance cost	9	(37)	(223)	(355)	(649)
Profit before share of results of associates and joint ventures			881	650	1 606
Share of results of associates and joint ventures			32	28	56
Profit before tax			913	678	1 662
Income tax expense			(272)	(227)	(566)
Profit for the period from continuing operations		42	641	451	1 096
Discontinued operations – Motus
Profit for the period from discontinued operations			5 240	916	2 312
Net profit for the period			5 881	1 367	3 408
Net profit attributable to:
Owners of Imperial			5 815	1 306	3 273
– Continuing operations			576	366	928
– Discontinued operations			5 239	940	2 345
Non-controlling interest			66	61	135
– Continuing operations			65	85	168
– Discontinued operations			1	(24)	(33)
Earnings per share (cents)
Continuing operations
– Basic		57	295	188	477
– Diluted		57	287	183	463
Discontinued operations
– Basic			2 687	483	1 204
– Diluted			2 616	470	1 171
Total operations
– Basic		344	2 982	671	1 681
– Diluted		345	2 903	653	1 634

* Represented for discontinued operations (Motus). Restated revenue and net operating expenses of continuing operations, refer to note 4.