Massmart Annual Report 2008

Income statement
for the year ended 30 June 2008

    2008  2007 
  Notes Rm  Rm 
Revenue 1 1 175,0  1 082,4 
Management and administration fees received   19,5  35,2 
Dividends received   1 155,5  1 047,2 
Employment costs   (14,7) (31,7)
Net operating income   62,2  1,7 
Operating profit 2 1 222,5  1 052,4 
   Finance costs   (7,1) (8,5)
   Finance income   5,9  1,1 
Net finance costs 3 (1,2) (7,4)
Profit before taxation   1 221,3  1 045,0 
Taxation 4 (72,2) (63,1)
Profit after taxation   1 149,1  981,9 
Dividend per share (cents)      
   Interim   223,0  197,0 
   Final*   163,0  123,0 
Total   386,0  320,0 
* Declared after the financial year-end.
Details of the dividend can be found in note 9 in the consolidated financial statements.
The accounting policies are in line with the Massmart Group accounting policies,  of the annual financial statements.