Condensed consolidated statement of profit or loss

for the six months ended 30 September 2019

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   Unaudited 
30 September 
2019 
Rm
 
   Unaudited 
30 September 
2018 
Rm 
Audited 
31 March 
2019 
Rm 
  
Revenue  1 763     1 240  2 806    
Straight-line rental income accrual  14     20  29    
Gross property revenue  1 777     1 260  2 835    
Property expenses  (543)    (426) (932)   
Net profit from property operations  1 234     834  1 903    
Corporate and administrative expenses  (140)    (97) (199)   
Investment and other income  229     168  345    
Fair value movement on non-designated portion of CCIRS  18     (32) 48    
Operating profit before finance costs  1 341     873  2 097    
Finance costs  (296)    (247) (510)   
Operating profit after finance costs  1 045     626  1 587    
Fair value loss on financial instruments  (204)    (10) (327)   
Foreign exchange profit/(loss)    (51) (66)   
Impairment of goodwill  (17)    —  (48)   
Other expenses  (1)    —  (7)   
Profit before changes in fair value of investment property  831     565  1 139    
Fair value adjustments                
Gross change in fair value of investment property  98     389  804    
Change in fair value of right-of-use asset     —  —    
Straight-line rental income accrual  (14)    (20) (29)   
Profit before equity-accounted investment  918     934  1 914    
Share of income from associate  41     46  54    
Profit before taxation  959     980  1 968    
Taxation  (14)    (17) (18)   
Profit for the year  945     963  1 950    
Attributable to owners of the parent  830     833  1 709    
Attributable to non-controlling interest  115     130  241    
Basic and diluted earnings per share (cents) 87.00     101.77  199.05