GROUP INCOME STATEMENT
for the year ended 30 June 2011
| |
|
|
|
GROUP |
|
| |
R’000 |
Notes |
|
2011 |
|
2010 |
|
| |
Construction revenue |
|
|
7 350 583 |
|
9 387 636 |
|
| |
Invoiced value of goods and services supplied |
|
|
1 824 626 |
|
1 915 308 |
|
| |
Property sales and development fees |
|
|
31 789 |
|
34 644 |
|
| |
Revenue |
|
|
9 206 998 |
|
11 337 588 |
|
| |
Cost of material |
|
|
1 303 613 |
|
1 338 385 |
|
| |
Cost of subcontractors |
|
|
3 320 366 |
|
5 224 756 |
|
| |
Direct payroll costs |
4.1, 23.1 |
|
2 419 065 |
|
2 045 585 |
|
| |
Other staff costs |
|
|
129 831 |
|
99 191 |
|
| |
Depreciation |
4.2, 8 |
|
211 557 |
|
245 235 |
|
| |
Plant costs |
|
|
591 207 |
|
780 475 |
|
| |
Manufacturing distribution costs |
|
|
123 619 |
|
115 508 |
|
| |
Site administration costs |
|
|
364 860 |
|
368 871 |
|
| |
Other administration costs |
|
|
244 052 |
|
242 687 |
|
| |
Operating expenses before fair value adjustments and impairment adjustments |
|
|
8 708 170 |
|
313 677 |
|
| |
Operating profit before fair value adjustments and impairment adjustments |
|
|
498 828 |
|
876 895 |
|
| |
Fair value adjustment relating to investment in property developments |
|
|
13 265 |
|
– |
|
| |
Fair value adjustment relating to investment properties – net |
|
|
2 419 |
|
– |
|
| |
Fair value adjustments relating to investment in service concessions |
|
|
33 160 |
|
13 532 |
|
| |
Impairment of property, plant and equipment |
4.12 |
|
(550 540) |
|
(325 569) |
|
| |
Operating (loss)/profit |
4 |
|
(2 868) |
|
564 858 |
|
| |
Share of profit from associates |
|
|
820 |
|
1 347 |
|
| |
Finance income – net |
5 |
|
18 361 |
|
27 871 |
|
| |
Finance income |
|
|
96 060 |
|
143 303 |
|
| |
Finance costs |
|
|
(77 699) |
|
(115 432) |
|
| |
Profit before taxation |
|
|
16 313 |
|
594 076 |
|
| |
Taxation |
6 |
|
(158 143) |
|
(258 297) |
|
| |
(Loss)/profit after taxation from continuing operations |
|
|
(141 830) |
|
335 779 |
|
| |
Loss for the year from discontinued operations |
33 |
|
(17 214) |
|
(22 102) |
|
| |
(Loss)/profit for the year |
|
|
(159 044) |
|
313 677 |
|
| |
(Loss)/profit attributable to: |
|
|
|
|
|
|
| |
Equity shareholders of Group Five Limited |
|
|
(218 107) |
|
267 377 |
|
| |
Non-controlling interest |
|
|
59 063 |
|
46 300 |
|
| |
|
|
|
(159 044) |
|
313 677 |
|
| |
(Loss)/earnings per share – basic (Rand) |
7.1 |
|
(2,27) |
|
2,80 |
|
| |
Fully diluted (loss)/earnings per share (Rand) |
7.2 |
|
(2,27) |
|
2,56 |
|
|
