COMPANY Income Statementfor the year ended 23 December 2012

  Notes  December 2012
26 weeks

Rm
  June 2012
52 weeks

Rm
Revenue  1  483.0    966.5 
Management and administration fees received    8.2    20.0 
Dividends received    474.8    946.5 
Employment costs    (10.1)   (20.6)
Operating income   11.3    15.3 
Operating loss   (1.6)   (132.8)
Operating profit  2  482.6    828.4 
Finance income    1.5    1.1 
Finance expense    (1.6)  
Net finance (expense)/income  3  (0.1)   1.1 
Profit before taxation    482.5    829.5 
Taxation  4  (0.5)   (72.2)
Profit for the year    482.0    757.3 
Profit attributable to:         
Owners of the company    482.0    757.3 
Profit for the year    482.0    757.3 

  • 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 in the Group Financial Statements.