PROVISIONAL CONDENSED REVIEWED CONSOLIDATED FINANCIAL STATEMENTS and cash dividend declaration for the year ended 30 September 2020

Condensed consolidated statement of profit or loss

For the year ended 30 September 2020

    Reviewed Audited  %
Rm  Notes 2020 20191 change
Revenue 2 8 046          10 714 (25)
EBITDA before impairment of financial assets  1 133 1 548 (27)
Credit write-off 5 (298)                  -   100
Expected credit losses 5 (288)                (22) 1 209
Impairment of financial assets (586) (22) 2 564
EBITDA2 547 1 526 (64)
Depreciation and amortisation   (240)              (165) 45
Operating profit  3 307            1 361 (77)
Interest and dividend income 4 41 44 (7)
Interest expense 4 (83)                (59) 41
Profit before impairment of non-financial assets,
loss on disposal of subsidiaries and empowerment transactions
265            1 346 (80)
Impairment of non-financial assets
Impairment of goodwill 6 (75) (67) 12
Impairment of property, plant and equipment 6 (4)                (40) (90)
Loss on disposal of subsidiary 7 (20)                (44) (55)
Empowerment transactions                     -                    (3) (100)
Profit before tax
166            1 192 (86)
Tax   (82)              (387) (79)
Profit after tax
84               805 (90)
Share of joint ventures' and associate's loss   (77)                  (1) 7 600
Profit for the year
  7               804 (99)
(Loss)/profit for the year attributable to:
Non-controlling interests (40)                 14 (386)
Equity holders of Reunert    47               790 (94)
Earnings per share (cents)
Basic  8,9 29               490 (94)
Diluted  8,9 29               484 (94)
1 Due to the significance of the credit write-off and expected credit losses for the current year, the Group has provided additional disclosure by separately disclosing these. The movements in expected credit losses is re-presented on the face of the statement of profit or loss. This is for year on year disclosure comparability.
2 Earnings before net interest, tax, depreciation and amortisation, impairment of goodwill and property, plant and equipment, loss on disposal of subsidiary and empowerment transactions. EBITDA includes interest income received in Quince Capital.

    Reviewed Audited %
  Notes 2020 2019 change
Other measures of earnings per share (cents)
Headline  8,9 115 573 (80)
Diluted headline 8,9 115 566 (80)
Total cash dividend per share for the year (cents)
257 513 (50)