Unaudited interim results
for the six months ended
31 December 2020

Condensed consolidated statement of profit or loss
for the six months ended 31 December 2020



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R million  Notes    
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   Six months 
ended 
December 
2020 
   Six months 
ended 
December 
2019*
   Financial 
year ended 
June 
2020 
  
CONTINUING OPERATIONS 
Revenue  15     26 360     22 955     46 380    
Net operating expenses  (23 809)   (20 361)    (42 282)   
Profit from operations before depreciation and recoupments  2 551     2 594     4 098    
Depreciation, amortisation, impairments and recoupments  (1 350)    (1 131)    (2 639)   
Operating profit  (18)    1 201     1 463     1 459    
Profit on sale of properties net of impairments  10     15     (194)   
Amortisation and impairment of intangible assets arising on business combinations  (195)    (174)    (393)   
Foreign exchange gains  263     18     93    
Other non-operating items  8     (435)    (32)    52    
Profit before net finance costs  844     1 290     1 017    
Net finance cost  9     27     (395)    (312)    (762)   
Profit before share of results of associates and joint ventures  449     978     255    
Share of results of associates and joint ventures        22    
Profit before tax  457     982     277    
Income tax expense  (158)    (316)    (159)   
Profit for the period from continuing operations  (55)    299     666     118    
DISCONTINUED OPERATIONS  582     (166)    (344)   
Net loss from Consumer Packaged Goods (CPG) (283)    (305)   
Net profit (loss) from the European shipping business  582     117     (39)   
Net profit (loss) for the period  881     500     (226)   
Net profit (loss) attributable to: 
Owners of Imperial  814     423     (303)   
– Continuing operations  232     590     42    
– Discontinued operations  582     (167)    (345)   
Non-controlling interests  67     77     77    
– Continuing operations  67     76     76    
– Discontinued operations       
Earnings (loss) per share (cents)
Continuing operations 
– Basic  (60)    125     311     22    
– Diluted  (60)    120     301     22    
Discontinued operations 
– Basic  312     (88)    (183)   
– Diluted  301     (85)    (177)   
Total operations 
– Basic  437     223     (161)   
– Diluted  421     216     (155)   
* Represented for the classification of the European shipping business as a discontinued operation.