Income statement
| for the year ended 31 March 2008 | |||
2008 |
2007 |
||
Note |
R’000 |
R’000 |
|
| Revenue | |||
| Professional services | 980 |
1 732 |
|
| Cost of sales | (849) |
(1 553) |
|
| Gross surplus | 131 |
179 |
|
| Other income | |||
| Capital contributions received | 1 830 914 |
1 301 862 |
|
| Other income | 3 666 |
571 |
|
| Finance income | 44 645 |
23 677 |
|
| Foreign exchange differences | 81 477 |
72 226 |
|
1 960 702 |
1 398 336 |
||
| Operational expenditure | |||
| Depreciation, amortisation and impairments | (1 037 315) |
(12 017) |
|
| Research and development expenses | (445 185) |
(1 079 351) |
|
| Other administrative expenses | (383 196) |
(227 951) |
|
(1 865 696) |
(1 319 319) |
||
| Surplus from operating activities | 95 137 |
79 196 |
|
| Finance expenses | (92) |
(103) |
|
| Surplus before taxation | 95 045 |
79 093 |
|
| Taxation | – |
– |
|
| Surplus for the year | 95 045 |
79 093 |
|