Statements of comprehensive income
for the year ended 31 March 2013

      Group Company
  Figures in Rand million Note(s)  2013   2012   2013   2012  
  Revenue   24 & 25   14 589   10 985   5 742   4 584  
  Cost of sales     (6 234)  (4 317)  –   –  
  Gross profit     8 355   6 668   5 742   4 584  
  Finance costs   26   (689)  (446)  (554)  (347) 
  Gross profit after financing costs     7 666   6 222   5 188   4 237  
  Net capital (losses)/gains   28   (30)  878   (30)  878  
  Other income     354   121   171   70  
  Operating expenses     (5 543)  (3 809)  (3 625)  (2 957) 
  Operating profit   29   2 447   3 412   1 704   2 228  
  Losses from equity accounted investments     (466)  (2)  (1)  (6) 
  Profit before taxation     1 981   3 410   1 703   2 222  
  Taxation   31   (3)  (107)  (183)  (29) 
  Profit for the year     1 978   3 303   1 520   2 193  
  Other comprehensive income:            
  Available-for-sale financial assets adjustments     (204)  (214)  (998)  543  
  Other reserves from subsidiaries     90   –   –   –  
  (Losses)/profits on property, plant and equipment     (159)  (62)  24   9  
  revaluation            
  Exchange differences on translating foreign operations     (49)  340   –   –  
  Share of comprehensive income of associates     658   (1 902)  (51)  (38) 
  Common control transactions     1 657   –   1 222   –  
  Taxation related to components of other comprehensive income     920   (2 317)  177   (1 865) 
  Other comprehensive income for the year net of taxation   33   2 913   (4 155)  374   (1 351) 
  Total comprehensive income     4 891   (852)  1 894   842  
  Profit for the year attributable to:            
  Owners of the parent     2 041   3 341   1 520   2 193  
  Non-controlling interest     (63)  (38)  –   –  
      1 978   3 303   1 520   2 193  
  Total comprehensive income attributable to:            
  Owners of the parent     4 954   (814)  1 894   842  
  Non-controlling interest     (63)  (38)  –   –  
      4 891   (852)  1 894   842  

Coega Dairy Holdings

The IDC has identified increased competition in the dairy value chain and import substitution in the cheese industry as key sector development goals. We also singled out the need for increased farmer (and specifically B-BBEE) participation in dairy value-adding initiatives.

Windtown Lagoon Resort 

The newly built Windtown Lagoon Resort and Spa reflects the IDC’s focus to funding community-based projects that have potential to create employment opportunities in far-flung regions.


APPROVALS
R13.1 billion
DISBURSEMENTS
R16.0 billion
JOBS FACILITATED
18 922
JOBS SAVED
3 950
© The IDC 2013. All rights not expressly allowed are reserved. P.O. Box 784055, Sandton, 2146, South Africa