Income Statement for the year ended 24 June 2012

  Notes 2012
Rm
  2011
Rm
Revenue 1 966.5   2,058.2
Management and administration fees received   20.0   27.8
Dividends received   946.5   2,030.4
Employment costs   (20.6)   (19.6)
Net operating (loss)/income   (117.5)   13.4
Operating profit 2 828.4   2,052.0
Finance income   1.1   0.7
Net finance income 3 1.1   0.7
Profit before taxation   829.5   2,052.7
Taxation 4 (72.2)   (84.3)
Profit for the year   757.3   1,968.4
Profit attributable to:        
Owners of the parent   757.3   1,968.4
Profit for the year   757.3   1,968.4
Dividend per share        
Interim   252.0   252.0
Final*   146.0   134.0
Total   398.0   386.0
 
* Declared after the financial year-end.
 
  • Details of the dividend can be found in note 11 in the Group financial statements.
  • With the exception of the accounting policies relevant to the basis of consolidation, the accounting policies are in line with the Massmart Group accounting policies. Refer to note 1 of the Group financial statements.