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Washington H. Soul Pattinson and Company Limited
Annual Report 2016
50
Consolidated Income Statement
for the year ended 31 July 2016
Notes
2016
2015
$’000
$’000
Revenue from continuing operations
15
620,661
641,604
Other income
16
145,902
4,504
Cost of sales
(392,308)
(365,121)
Selling and distribution expenses
(153,806)
(142,627)
Administration expenses
(34,600)
(39,381)
Acquisition costs expensed
(45,604)
–
Other expenses
(13,313)
(8,591)
Impairment expense
17
(116,539)
(123,801)
Finance costs
(2,535)
(3,063)
Share of results from equity accounted associates
10
122,503
95,079
Profit before income tax
130,361
58,603
Income tax (expense)/benefit
18a
(902)
16,951
Profit after tax for the year
129,459
75,554
Loss/(profit) after tax attributable to non-controlling interests
19,962
7,776
Profit after tax attributable to members of
Washington H. Soul Pattinson and Company Limited
149,421
83,330
2016
2015
cents
cents
Earnings per share
Basic and diluted earnings per share attributable to ordinary equity
holders of Washington H. Soul Pattinson and Company Limited
Earnings per share from all operations
62.42
34.81
No. of shares
No. of shares
Weighted average number of shares used in calculating
basic and diluted earnings per share
239,395,320
239,395,320
The above consolidated income statement should be read in conjunction with the accompanying notes.