Consolidated income statement

FOR THE YEAR ENDED 30 SEPTEMBER

             Notes     2020 
Rm  		Restated* 
2019 
Rm 
CONTINUING OPERATIONS          
Revenue  2  49 683  60 206 
Operating profit before items listed below     5 122  6 547 
Impairment losses on financial assets and contract assets  3  (292) (75)
Depreciation     (2 661) (2 387)
Amortisation of intangible assets     (136) (115)
Operating profit before B-BBEE transaction charge     2 033  3 970 
B-BBEE transaction charge  3.1  (236) (73)
Operating profit  3  1 797  3 897 
Fair value adjustments on financial instruments  4  (340) 22 
Finance costs  5  (1 274) (1 134)
Income from investments  6  155  203 
Profit before non-operating and capital items     338  2 988 
Non-operating and capital items comprising of:          
Impairment of investments  14  (194) (25)
Impairment of goodwill  12  (702)
Impairment of indefinite life intangible assets  13  (708)
Impairment of property, plant and equipment, intangibles and other assets  10  ,11  (303) (127)
Fair value gain on initial recognition of associate  14     212 
Other non-operating and capital items  7  7  15 
(Loss)/profit before taxation     (1 562) 3 063 
Taxation  8  (889) (850)
(Loss)/profit after taxation     (2 451) 2 213 
(Loss)/income from associates and joint ventures  14  (48) 231 
(Loss)/profit for the year from continuing operations     (2 499) 2 444 
DISCONTINUED OPERATIONS          
Profit from discontinued operations  22     33 
(Loss)/profit for the year     (2 499)   2 477 
           
Attributable to:          
Owners of Barloworld Limited     (2 476) 2 428 
Non-controlling interests in subsidiaries     (23) 49 
      (2 499) 2 477 
           
(Loss)/earnings per share from group (cents)         
– basic  9  (1 236.0) 1 150.2 
– diluted  9 (1 236.0) 1 146.9 
           
(Loss)/earnings per share from continuing operations (cents)         
– basic  9  (1 236.0) 1 134.6 
– diluted  9  (1 236.0) 1 131.3 
           
Earnings per share from discontinued operation (cents)         
– basic  9     15.6 
– diluted  9     15.6 

* The restatement is due to Avis fleet no longer being classified as a discontinued operation, the restatement of impairment losses on financial assets and contract assets and the disaggregation of non-operating and capital items (Refer to Note 36).