Purchasing and Financing 2024

XYZ LIMITED GROUP
INCOME STATEMENT for the period ended
half year half year full year
31-Dec-08 31-Dec-07 30-Jun-08
Reviewed Reviewed² Audited
Rm Rm Rm
Turnover 83,118 55 517 129 943
Cost of sales and services rendered (50 747) (32 042) (74 634)
Gross profit 32,371 23 475 55 309
Non-trading income 454 215 635
Marketing / distribution
expenditure (4 018) (3 226) (6 931)
Administrative expenditure (4 114) (2 986) (6 697)
Other operating expenditure (3 209) (3 468) (8 500)
Operating profit 21,484 14 010 33 816
Finance income 836 273 735
Finance expenses (1 321) (444) (1 148)
Share of profits of associates 233 121 254
Profit before tax 21,232 13 960 33 657
Taxation (8 258) (4 393) (10 129)
Profit for the period 12,974 9 567 23 528
Attributable to
Owners of XYZ Limited 13,216 9 148 22 417
Non-controlling interest in
subsidiaries (242) 419 1 111
12,974 9 567 23 528
Earnings per share Rand Rand Rand
Basic earnings per share 22.17 15.05 37.30
Diluted earnings per share 1 21.79 14.85 36.78
11. FUTURE AND PRESENT VALUE
Students can calculate Future and Present Values to compare different investment
possibilities.
When we invest money, we expect to earn interest on the money invested. So when we
are waiting for payment we are losing money that could have been earned through
interest.
51