CHAPTER 4:Financial statements

• 4.1GROUP FINANCIAL STATEMENTS

• 4.1.1Statement of comprehensive income

For the year ended 31 December	Note		2023  Rm	2022  Rm
Revenue	6.1.2		38 698	46 369
Operating expenses	6.1.3		(28 071)	(30 148)
Operating profit			10 627	16 221
Loss on disposal of subsidiary	8.3			(1)
Net operating profit			10 627	16 220
Finance income	12.1.2		1 570	694
Finance costs	12.1.2		(1 252)	(1 052)
Income from financial assets			2	6
Share of income of equity-accounted investments	9.3		6 987	6 477
Impairment charges of equity-accounted investments	8.4			(53)
Profit before tax			17 934	22 292
Income tax expense	7.3		(3 231)	(4 287)
Profit for the year			14 703	18 005
Other comprehensive income/(loss), net of tax			200	384
Items that will not be reclassified to profit or loss:			(29)	14
– Remeasurement of retirement employee obligations				3
– Changes in fair value of equity investments at FVOCI			(31)	10
– Share of OCI of equity-accounted investments			2	1
Items that may subsequently be reclassified to profit or loss:			244	300
– Unrealised exchange differences on translation of foreign operations			88	34
– Changes in fair value on cash flow hedges			(44)	113
– Changes in fair value on costs of hedging			(9)
– Share of OCI of equity-accounted investments			209	153
Items that have subsequently been reclassified to profit or loss:			(15)	70
– Recycling of changes in fair value on cash flow hedges			(15)	70
Total comprehensive income for the year			14 903	18 389
Profit attributable to:
Owners of the parent			11 292	13 826
Non-controlling interests			3 411	4 179
Profit for the year			14 703	18 005
Total comprehensive income attributable to:
Owners of the parent			11 448	14 113
Non-controlling interests			3 455	4 276
Total comprehensive income for the year			14 903	18 389

	Note		cents	cents
Attributable earnings per share	5.2
– Basic			4 666	5 713
– Diluted			4 666	5 713

The notes to the financial statements comprise chapters 3 and 5 to 18 respectively.