NVFH 2020 Integrated Annual Report

NVest Financial Holdings Limited and its subsidiaries | (Registration number 2008/015990/06)
Annual Financial Statements for the year ended 29 February 2020
Statement of
Profit or Loss and Other
Comprehensive Income
Group
Company
Figures in Rand Notes 2020 2019 2020 2019
Revenue 20 310,185,831 306,336,355 75,917,603 62,291,848
Cost of sales 21 (118,097,465) (116,785,774) - -
Gross profit 192,088,366 189,550,581 75,917,603 62,291,848
Other income 22 613,133 5,021,901 2,497,362 2,745,391
Other operating gains (losses) 23 805,990 (2,450,210) - -
Movement in credit loss allowances 24 (102,656) (192,282) - -
Operating expenses (103,985,416) (99,632,153) (18,258,550) (16,988,117)
Operating profit 24 89,419,417 92,297,837 60,156,415 48,049,122
Investment revenue 25 10,977,791 9,631,577 4,522,695 5,018,217
Finance costs 26 (12,981,025) (13,798,383) (2,198,930) -
Income from equity accounted investments 2,989,596 1,317,832 - -
Profit before taxation 90,405,779 89,448,863 62,480,180 53,067,339
Taxation 27 (23,947,943) (24,649,251) (2,068,312) (2,789,428)
Profit for the year 66,457,836 64,799,612 60,411,868 50,277,911
Other comprehensive income:
Items that will not be reclassified to profit or loss:
Gains on property revaluation 623,771 1,814,660 - -
Income tax relating to items that will not be reclassified (139,725) (508,105) - -
Total items that will not be reclassified to profit or loss 484,046 1,306,555 - -
Items that may be reclassified to profit or loss:
Share of comprehensive income of equity accounted
investments
9 391,462 - - -
Other comprehensive income for the year net of taxation 875,508 1,306,555 - -
Total comprehensive income for the year 67,333,344 66,106,167 60,411,868 50,277,911
Profit attributable to:
Equity holders of the parent 65,480,917 63,726,376 60,411,868 50,277,911
Non-controlling interest 976,919 1,073,236 - -
66,457,836 64,799,612 60,411,868 50,277,911
Total comprehensive income attributable to:
Equity holders of the parent 66,356,425 65,032,931 60,411,868 50,277,911
Non-controlling interest 976,919 1,073,236 - -
67,333,344 66,106,167 60,411,868 50,277,911
Per share information
Average number of shares
Weighted average number of shares 302,863,640 302,741,722 - -
Earnings per share 36
Earnings per share (c) 21.62 21.05 - -
Diluted earnings per share (c) 21.62 21.05 - -
Net asset value per share
Net asset value per share (c) 159.60 149.07 - -
Net tangible asset value per share (c) 130.91 120.33 - -
Dividends per share (c) 11.49 11.50 - -
NVest Financial Holdings Limited | INTEGRATED ANNUAL REPORT 2020 79