Income statement

for the year ended 31 March 2007

		2007	2006
	Note	R’000	R’000
Revenue	11	1 732	–
Cost of sales	12	(1 553)	–
Gross surplus		179	–
Income:		1 302 433	874 712
Contributions received		1 301 862	874 584
Other income	13	571	128
Operational expenses:		(1 319 322)	(874 712)
Research and development expenditure		(1 079 351)	(459 914)
Other administrative expenses	14	(239 971)	(414 798)

Deficit from operating activities		(16 710)	–
Finance expense		(100)	(139)
Finance income		23 677	15 326
Net foreign exchange profit/(loss)		72 226	(13 512)
Net finance income		95 803	1 675
Surplus before income tax		79 093	1 675
Taxation	15	–	(486)
Surplus for the year		79 093	1 189