Condensed consolidated statement of profit or loss

for the year ended 31 March 2020

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  Reviewed 
31 March 
2020 
Rm 
  Audited 
31 March 
2019 
Rm 
 
Revenue 3 446    2 806   
Straight-line rental income accrual 55    29   
Gross property revenue 3 501    2 835   
Property expenses (1 129)   (932)  
Net profit from property operations 2 372    1 903   
Corporate and administrative expenses (279)   (200)  
Investment and other income 422    345   
Fair value movement on non-designated portion of CCIRS 113    48   
Operating profit before finance costs 2 628    2 096   
Finance costs (615)   (510)  
Operating profit after finance costs 2 013    1 586   
Fair value loss on financial instruments (744)   (327)  
Foreign exchange profit/(loss) (65)   (66)  
Impairment (30)   (48)  
Other expenses (9)   (8)  
Profit before changes in fair value of investment property 1 165    1 137   
Fair value adjustments        
Gross change in fair value of investment property (1 243)   804   
Change in fair value of right-of-use asset   —   
Straight-line rental income accrual (55)   (29)  
(Loss)/profit before equity-accounted investment (126)   1 912   
Share of income from associate 127    54   
Profit before taxation   1 966   
Taxation (40)   (18)  
(Loss)/profit for the year (39)   1 948   
Attributable to owners of the parent (103)   1 709   
Attributable to non-controlling interest 64    239   
Basic and diluted earnings per share (cents) (10.81)   199.05