Condensed consolidated statement of comprehensive income
for the six months to 31 August 2021
| US$'000 | Unaudited Six months to 31 August 2021 |
Unaudited Restated^ Six months to 31 August 2020 |
Audited Year ended 28 February 2021 |
|
| Revenue* | 2 257 019 | 1 962 914 | 4 109 463 | |
|---|---|---|---|---|
| Cost of sales | (1 882 604) | (1 638 672) | (3 418 926) | |
| Gross profit | 374 415 | 324 242 | 690 537 | |
| Operating costs | (288 924) | (251 569) | (532 645) | |
| Net impairment of financial assets | (1 118) | (1 969) | (5 389) | |
| Restructuring costs | – | (5 948) | (22 378) | |
| Share-based payments | (9 405) | (4 036) | (11 493) | |
| Operating profit before interest, tax, depreciation and amortisation ("EBITDA") | 74 968 | 60 720 | 118 632 | |
| Depreciation of property, plant and equipment | (9 198) | (9 361) | (19 040) | |
| Depreciation of right-of-use assets | (16 945) | (15 899) | (33 537) | |
| Amortisation of capitalised development expenditure | (3 572) | (2 331) | (5 471) | |
| Amortisation of acquired intangible assets and software | (6 189) | (5 134) | (10 611) | |
| Operating profit | 39 064 | 27 995 | 49 973 | |
| Interest income | 1 861 | 1 177 | 1 895 | |
| Finance costs | (16 032) | (14 602) | (27 587) | |
| Share of equity-accounted investment earnings | 504 | 461 | 908 | |
| Acquisition-related fair value adjustments | – | 69 | – | |
| Other income | (4) | 284 | 55 | |
| Profit before taxation | 25 393 | 15 384 | 25 244 | |
| Taxation | (8 633) | (9 969) | (19 540) | |
| Profit for the period | 16 760 | 5 415 | 5 704 | |
| OTHER COMPREHENSIVE INCOME/(LOSS) | ||||
| Items that may be reclassified subsequently to profit and loss | 3 833 | (11 615) | (6 981) | |
| Exchange differences arising on translation to presentation currency | 4 135 | (11 902) | (6 395) | |
| Translation of equity loans net of tax effect | (368) | 665 | (355) | |
| Transfers and other items | 66 | (378) | (231) | |
| Total comprehensive income/(loss) for the period | 20 593 | (6 200) | (1 277) | |
| Profit attributable to: | ||||
| Owners of the parent | 12 508 | 3 147 | 2 601 | |
| Non-controlling interests | 4 252 | 2 268 | 3 103 | |
| 16 760 | 5 415 | 5 704 | ||
| Total comprehensive income/(loss) attributable to: | ||||
| Owners of the parent | 13 433 | 3 297 | 7 840 | |
| Non-controlling interests | 7 160 | (9 497) | (9 117) | |
| 20 593 | (6 200) | (1 277) | ||
| EARNINGS PER SHARE ("EPS") (US CENTS) | ||||
| Basic | 6.3 | 1.6 | 1.3 | |
| Diluted basic | 6.1 | 1.6 | 1.3 |
| * | There has been a change in presentation from the prior year. Revenue from continuing operations and revenue from acquisitions have been combined. Included in revenue is US$8.4 million of revenue (H1 FY21: US$5.1 million; FY21: US$16.4 million) from acquisitions in the current year from the date of control. |
| ^ | Refer to the summarised segmental analysis. |
