Summary Group income statement for the year ended 31 December 2023

Note

2023  
Rm  

2022  
Restated1
Rm  

Revenue

7 

221 056 

207 003

Other income

324 

410 

Direct network and technology operating costs

(38 539)

(32 854)

Costs of handsets and other accessories

(12 583)

(12 055)

Interconnect and roaming costs

(12 196)

(11 288)

Staff costs

(15 099)

(12 675)

Selling, distribution and marketing expenses

(27 134)

(24 819)

Government and regulatory costs

(8 789)

(7 610)

Impairment and write-down of trade receivables and contract assets

(1 330)

(1 579)

Other operating expenses

(16 030)

(13 431)

Depreciation of property, plant and equipment

(24 690)

(20 812)

Depreciation of right-of-use assets

(9 440)

(7 807)

Amortisation of intangible assets

(8 138)

(5 999)

Impairment of goodwill and investment in joint ventures

–  

(625)

Impairment loss on remeasurement of non-current assets held for sale

17.4 

(900)

(1 263)

Finance income

8 

3 055 

2 042

Finance costs2

8 

(18 954)

(14 313)

Net foreign exchange losses2

8 

(23 170)

(6 055)

Net monetary gain

744 

1 251

Share of results of associates and joint ventures after tax

9 

3 581 

3 369

Profit before tax

11 768  

40 890

Income tax expense

(7 751)

(17 036)

Profit after tax

4 017  

23 854

Attributable to:

Equity holders of the Company

4 092 

19 037

Non-controlling interests

(75)

4 817

Basic earnings per share (cents)

10 

227 

1 054

Diluted earnings per share (cents)

10 

223 

1 028

1 Restated, refer to note 19 for details on the restatement.

2 Foreign exchange losses were previously included in finance costs and have been disaggregated in the current year and comparative numbers have been re-presented accordingly.