| |
|
|
|
| 25. |
PROFIT |
|
|
| |
|
2008 |
2007 |
| |
|
R million |
R million |
| |
Profit is stated after taking the following into account: |
|
|
| |
Income |
|
|
| |
Fair value adjustment – biological assets |
46 |
21 |
| |
Fair value adjustment – derivative instruments |
66 |
113 |
| |
Rental income – investment properties |
9 |
8 |
| |
Interest received |
296 |
332 |
| |
Shareholder’s loan to associated company |
6 |
20 |
| |
Financial institutions and other |
290 |
312 |
| |
Profit on redemption and sale of investments* |
1 665 |
7 |
| |
Profit with restructuring of investment in Unilever |
1 167 |
– |
| |
Profit with unbundling of investment in Discovery by FirstRand |
403 |
– |
| |
Other |
95 |
7 |
| |
Profit on sale of property, plant and equipment |
114 |
– |
| |
Exchange rate gains |
20 |
67 |
| |
* Refer to the Report of the Board of Directors for further information. |
|
|
| |
|
|
|
| |
Expenses |
|
|
| |
Amortisation of intangible assets |
12 |
14 |
| |
Fair value adjustment – derivative instruments |
– |
6 |
| |
Expenses – investment properties |
5 |
2 |
| |
Rental |
61 |
41 |
| |
Land and buildings |
26 |
20 |
| |
Machinery and equipment |
21 |
10 |
| |
Vehicles |
4 |
5 |
| |
Office equipment |
10 |
6 |
| |
Research and development costs written off |
1 |
– |
| |
Auditors’ remuneration – audit fees |
11 |
10 |
| |
– other services |
3 |
3 |
| |
Professional fees |
25 |
28 |
| |
Depreciation |
251 |
223 |
| |
Buildings |
30 |
27 |
| |
Machinery and equipment |
188 |
167 |
| |
Vehicles |
31 |
26 |
| |
Office equipment |
2 |
3 |
| |
Loss on sale of property, plant and equipment |
– |
1 |
