MOTUS - Unaudited condensed interim results for the six months ended 31 December 2020 | Condensed consolidated statement of profit or loss

Condensed consolidated statement of profit or loss

for the six months ended 31 December 2020	Note	% change	Unaudited 31 December 2020 Rm	Unaudited 31 December 2019 Rm	Audited 30 June 2020 Rm

Revenue		6	44 343	41 954	73 417
Net operating expenses¹			(41 934)	(39 133)	(69 168)
Movements in expected credit losses¹			15	(27)	(167)
Earnings before interest, taxation, depreciation and amortisation		(13)	2 424	2 794	4 082
Depreciation and amortisation			(700)	(963)	(1 946)
Operating profit		(6)	1 724	1 831	2 136
Impairment of properties, net of profit/(loss) on sale			(25)	–	(60)
Net foreign exchange losses			(82)	(46)	(13)
Once-off restructuring costs (staff and business closure costs)			–	–	(186)
Other non-operating costs	10		(24)	(59)	(242)
Profit before net financing costs		(8)	1 593	1 726	1 635
Finance costs		(23)	(399)	(520)	(1 175)
Finance income			67	23	59
Profit before share of results of associates and joint ventures			1 261	1 229	519
Share of results of associates and joint ventures			26	14	22
Profit before tax		4	1 287	1 243	541
Income tax expense			(359)	(344)	(356)
Attributable profit for the period		3	928	899	185
Net profit attributable to:
Owners of Motus		4	928	895	306
Non-controlling interests			–	4	(121)
			928	899	185
Total earnings per share
– Basic		6	507	479	165
– Diluted		6	496	466	160

The movements in expected credit losses are re-presented on the face of the statement of profit and loss for the six months ended 31 December 2019. This is for disclosure comparability and enhancement purposes. The value disclosed in net operating expenses for the six months ended 31 December 2019 was reduced as a result.