Condensed consolidated statement of profit or loss and other comprehensive income

for the six months ended 31 August 2018

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Note Unaudited
six months
ended
31 August
2018
R000
Unaudited
six months
ended
31 August
2017
R000
%
change
Audited
year
ended
28 February
2018
R000
Revenue 7     3 583 615     3 401 195 5.4 7 023 095  
Cost of sales       (1 667 424)     (1 584 260)   (3 254 591)  
Gross profit       1 916 191     1 816 935 5.5 3 768 504  
Selling and administrative expenses       (1 494 397)     (1 410 853) (5.9) (2 878 246)  
Operating profit before non-operational items       421 794     406 082 3.9 890 258  
Non-operational items 9     (873 925)       (372 592)  
Operating (loss)/profit including non-operational items         (452 131)       406 082   (211.3)   517 666  
Net finance costs       (105 783)     (138 146)   (251 345)  
Finance costs       (140 025)     (167 268)   (304 687)  
Finance income       34 242     29 122   53 342  
Share of profit of associates       157     1 726   3 906  
(Loss)/profit before tax       (557 757)     269 662 (306.8) 270 227  
Tax       14 119     (77 630)   (206 876)  
(Loss)/profit for the period       (543 638)     192 032 (383.1) 63 351  
Other comprehensive income, net of tax:                    
Exchange differences on translating foreign operations*         278 174       (13 764     21 440  
Movement in hedge accounting reserve*       7 279     (7 301)   (3 920)  
   Effective portion of fair value changes of cash flow hedges         10 109       (10 140)     (5 445)  
   Tax on movement in hedge accounting reserve       (2 830)     2 839   1 525
Total comprehensive (loss)/income for the period         (258 185)       170 967     80 871  
(Loss)/profit for the year attributable to:                    
Owners of Famous Brands Limited       (572 099)     170 986 (434.6) 21 618  
Non-controlling interests       28 461     21 046   41 733  
        (543 638)     192 032   63 351  
Total comprehensive (loss)/income attributable to:                    
Owners of Famous Brands Limited       (286 646)     149 921   39 138  
Non-controlling interests       28 461     21 046   41 733  
        (258 185)     170 967   80 871  
Basic (loss)/earnings per share (cents)                    
Basic 8.1     (572)     171 (434.5) 22  
Diluted 8.1     (570)     171 (433.5) 22  

* This item may be reclassified subsequently to profit or loss.