Group income statement

Unaudited
six months
31 March
2005
R’000
Unaudited
six months
31 March
2004
R’000
Audited
year end
30 September
2004
R’000
Revenue
111 440
102 889
204 838
Net operating expenses
(98 371)
(89 507)
(180 120)
Operating income before
exceptional items
Exceptional items (Note 2)

13 069
(1 262)

13 382
(1 226)

24 718
(930)
Operating income
Interest income
Preference dividend
11 807
2 779
(986)
12 156
2 356
(1 089)
23 788
4 800
(2 109)
Income before taxation
Taxation – STC
                – Normal*
13 600
(123)
(4 349)
13 423
(136)
-
26 479
(1 162)
-
Net income after taxation
Outside shareholder’s portion of losses/(profits)
9 128
-
13 287
-
25 317
-
Income attributable to ordinary shareholders
9 128
13 287
25 317
Ordinary shares (000’s)
In issue
Earnings per ordinary share
Fully diluted earnings per share
Headline earnings per ordinary share (cents)
718 188
1,3
1,3
1,4
718 088
1,9
1,9
2,0
718 188
3,5
3,5
3,6
Determination of headline earnings
Net attributable income
Exceptional items (Note 2)
9 128
1 262
13 287
1 226
25 317
930
Headline income
10 390
14 513
26 247