Unaudited condensed consolidated interim financial statements and cash dividend declaration for the six months ended 31 March 2021

Condensed consolidated
statement of profit or loss

For the six months ended 31 March 20210

    Six months ended 31 March
Rm Notes 2021
Unaudited
2020   Unaudited1 % change Year ended
30 September 2020 Audited
Revenue 2 4 614 4 144   11 8 046
EBITDA2 before impairment of financial assets 570 529   8 1 133
Credit write-off 3 (5) (298)  (98) (298)
Expected credit losses 3 (3) (267)  (99) (288)
Impairment of financial assets (8) (565)  (99) (586)
EBITDA2 562 (36)  1 661 547
Depreciation and amortisation 3 (126) (119)  6 (240)
Operating profit/(loss) 3 436 (155)  381 307
Interest and dividend income 4 13 26   (50) 41
Interest expense 5 (30) (45)  (33) (83)
Profit/(loss) before gain on disposal of investment, transaction-related share-based payments, impairment of non-financial assets, loss on remeasurement of subsidiary held for sale and loss on disposal of subsidiary 419 (174)  341 265
Gain on disposal of investment 6 17 –   100
Transaction-related share-based payments 8 (5) –   (100)
Impairment of non-financial assets
Impairment of goodwill 9 (75)  100 (75)
Impairment of property, plant and equipment 9 (4)  100 (4)
Loss on remeasurement of subsidiary held for sale (22)  100
Loss on disposal of subsidiary –   (20)
Profit/(loss) before tax
431 (275)  257 166
Tax (121) 31   (490) (82)
Profit/(loss) after tax
310 (244)  227 84
Share of joint ventures’ and associates’ profit/(loss) 1 (82)  101 (77)
Profit/(loss) for the period 311 (326)  195 7
Profit/(loss) for the period attributable to:
Non-controlling interests (2) (49)  96 (40)
Equity holders of Reunert 313 (277)  213 47
Earnings/(loss) per share (cents)
Basic 10, 11 194 (172)  213 29
Diluted 10, 11 193 (169)  214 29
1 Due to the significance of the credit write-off and expected credit losses in the comparative period, the Group has provided additional disclosure by separately disclosing these items. In addition, the comparative period includes all expected credit losses incurred including those unrelated to the COVID-19 pandemic. The comparative period information has been re-presented to align with the presentation in the annual financial statements for the year ended 30 September 2020. Refer to note 14.
2 Earnings before net interest, tax, depreciation and amortisation, gain on disposal of investment, transaction-related share-based payments, impairment of non-financial assets, loss on remeasurement of subsidiary held for sale and loss on disposal of subsidiary. EBITDA includes interest income received on leases and loans receivable in the ICT Segment.
Other measures of earnings/(loss) per share (cents)
Headline 10, 11 193 (76) 354 115
Diluted headline 10, 11 192 (75) 356 115
Interim/total cash dividend per share (cents)
70 65 8 257