31 MARCH 2015ALEXANDER FORBES GROUP HOLDINGS LIMITEDINTEGRATED ANNUAL REPORT

SUMMARY CONSOLIDATED INCOME STATEMENTfor the year ended 31 March 2015

 

 

2015

2014

Rm

Notes

 

 

Continuing operations

 

 

 

Fee and commission income

3

5 268

4 718

Net income from insurance operations

4

498

417

Direct expenses attributable to fee and commission income

 

(915)

(797)

Operating income net of direct expenses

 

4 851

4 338

Operating expenses

 

(3 714)

(3 308)

Profit from operations before non-trading and capital items

 

1 137

1 030

Non-trading and capital items

5

(355)

(105)

Operating profit

 

782

925

Investment income

 

226

233

Finance costs

6

(119)

(843)

Reported loss arising from accounting for policyholder investments in treasury shares

 

(26)

Share of net profit of associates (net of income tax)

 

3

2

Profit before taxation

 

866

317

Income tax expense

7

(361)

(484)

Profit/(loss) for the year from continuing operations

 

505

(167)

(Loss)/profit on discontinued operations
(net of income tax)

8

(145)

546

Profit for the year

 

360

379

Profit attributable to:

 

 

 

Equity holders

 

253

269

Non-controlling interest

 

107

110

 

 

360

379

Basic earnings per share (cents)

9

20.5

78.0

Headline earnings/(loss) per share (cents)

9

31.9

(52.5)

Diluted earnings per share (cents)

9

20.2

78.0*

Weighted average number of shares in issue (million)

9

1 237

345

*The group had no dilutionary shares in the prior year.