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how do I work out the net profit as per this statement - what indicates the net profit give answer in 3 steps with explanation at the end of each step and final answer at the end :GROUP STATEMENTS OF COMPREHENSIVE INCOME FORTHE YEAR ENDED 30 JUNE 204 2023 Notes R000 R000 Revenue [ 9643128 e1siEs Costof sales 22 (eas (59s) Gross profit 3218532 3187020 Selling, distribution and marketing expenses. 22 (3s) (306m) Fixed and administrative expenses 2 (628141) 615907) Trading profit 2 1229496 1180475 Non-trading expenses 3 (164672) (49%) Operating profit 1064820 38527 Finance income a 10708 768 Finance costs 2 (57462) (9795) Dividend income 3891 3174 Equity accounted earnings 142864 noi Profit before tax 112881 1205582 Tax s G0812) 0722) Profit forthe year 814009 898360 Other comprehensive income, net of tax Exchange differences on translation of foreign operations: 2 23284) wr Subsidiaries (1066) 1700 Joint venture 2218) 430% Movement in cash flow hedge accounting reserve: 20 (9295) 57814 Fair value of investment* 20 573 142 Actuarial profit on post-employment medical liability" 20 698 4 Total comprehensive income, net of tax 782701 1003232 Profit attributable to: Owners of the parent 14009 as8410 Non-contralling interests - 0 514009 898.360 + measurement of mesiment and pst. mployment medical abit wil ot be recast oroft ad oss Aloe tems mother comprehensive income may be reclassified to profit and loss.

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how do I work out the net profit as per this statement - what indicates the net profit give answer in 3 steps with explanation at the end of each step and final answer at the end :Uploaded ImageGROUP STATEMENTS OF COMPREHENSIVE INCOME FORTHE YEAR ENDED 30 JUNE 204 2023 Notes R000 R000 Revenue [ 9643128 e1siEs Costof sales 22 (eas (59s) Gross profit 3218532 3187020 Selling, distribution and marketing expenses. 22 (3s) (306m) Fixed and administrative expenses 2 (628141) 615907) Trading profit 2 1229496 1180475 Non-trading expenses 3 (164672) (49%) Operating profit 1064820 38527 Finance income a 10708 768 Finance costs 2 (57462) (9795) Dividend income 3891 3174 Equity accounted earnings 142864 noi Profit before tax 112881 1205582 Tax s G0812) 0722) Profit forthe year 814009 898360 Other comprehensive income, net of tax Exchange differences on translation of foreign operations: 2 23284) wr Subsidiaries (1066) 1700 Joint venture 2218) 430% Movement in cash flow hedge accounting reserve: 20 (9295) 57814 Fair value of investment* 20 573 142 Actuarial profit on post-employment medical liability" 20 698 4 Total comprehensive income, net of tax 782701 1003232 Profit attributable to: Owners of the parent 14009 as8410 Non-contralling interests - 0 514009 898.360 + measurement of mesiment and pst. mployment medical abit wil ot be recast oroft ad oss Aloe tems mother comprehensive income may be reclassified to profit and loss.

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Asked by: Test User 100230
Created at: 2025-05-18 19:25:35

Final Answer:

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Certainly! Let’s break down how to find the **net profit (profit for the year)** as shown in this statement, step by step: --- ### **Step 1: Identify Where Net Profit is Shown** Look through the statement for the line labeled **"Profit for the year"**. - In financial statements, "Profit for the year" or "Net Profit" is the amount left after all expenses, including taxes, have been deducted from total revenue. **Explanation:** This line indicates the net profit, as it shows the profit after all costs (operating, non-operating, and tax) have been considered. --- ### **Step 2: Find the Value for the Relevant Year** Check the value listed next to "Profit for the year" for the year you are interested in (2024 in this case). - For 2024, the value is: **814 009** (in R'000) **Explanation:** This is the net profit for the year 2024, already calculated by the company and presented in the financial statement. --- ### **Step 3: Confirm the Value Represents Net Profit** Check that this value is not adjusted for other comprehensive income or non-controlling interests. - "Profit for the year" is before other comprehensive income is added or subtracted. - The line "Profit attributable to:" shows the same figure for "Owners of the parent," so there is no adjustment for non-controlling interests in this case. **Explanation:** This confirms that **R814 009 000** is the net profit attributable to the owners of the parent company for 2024. --- ## **Final Answer:** **The net profit for the year 2024, as per this statement, is R814 009 000.** This is shown on the line "Profit for the year" in the statement.

Question:

give answer in 3 steps with calculation & explanation at the end of each step and final answer at the end :

This is AI generated Response.
Asked by: Test User 100230
Created at: 2025-05-18 19:27:58

Final Answer:

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Certainly! Here’s how to work out the net profit from the statement in 3 clear steps: --- ### **Step 1: Locate the "Profit for the year" line** - **What to do:** Find the line labeled **"Profit for the year"** in the statement. - **Why:** This line shows the final net profit after all expenses, taxes, and adjustments have been accounted for. - **In the statement:** For 2024, the value is **814,009** (in R'000). **Explanation:** The "Profit for the year" is the key figure representing the company's net profit after all costs, taxes, and other comprehensive income adjustments. It is the bottom-line profit attributable to shareholders. --- ### **Step 2: Confirm the value corresponds to the year in question** - **What to do:** Ensure that the figure **814,009** (R'000) is for the year ending 30 June 2024. - **Why:** The statement is for the year ended 30 June 2024, so this figure reflects that period's net profit. - **In the statement:** The line "Profit for the year" shows **814,009** R'000 for 2024. **Explanation:** This confirms that the net profit for the relevant year is R814,009,000. --- ### **Step 3: Understand what this figure represents** - **What to do:** Recognize that **"Profit for the year"** is the net profit after deducting all expenses, including tax, from total revenue. - **Why:** It indicates the company's profitability after all operational and non-operational costs. - **Additional check:** The "Profit attributable to" owners of the parent is also R814,009,000, confirming this is the net profit attributable to shareholders. **Explanation:** This figure signifies the company's net profit for the year 2024, which is the final amount available to shareholders after all deductions. --- ## **Final Answer:** **The net profit (profit for the year) as per this statement for 2024 is R814,009,000.**

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