Summary group income statement

for the year ended 31 December 2020

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  Note    2020 
Rm 
2019 
Restated1
Rm 
Revenue  8    179 361  151 460 
Other income      99  471 
Direct network and technology operating costs      (28 208) (22 121)
Costs of handsets and other accessories      (11 093) (11 929)
Interconnect and roaming costs      (10 992) (9 897)
Staff costs      (12 741) (10 597)
Selling, distribution and marketing expenses      (21 158) (18 574)
Government and regulatory costs      (6 823) (5 695)
Impairment and write-down of trade receivables and contract assets      (2 169) (729)
Other operating expenses      (9 584) (9 199)
Depreciation of property, plant and equipment      (22 704) (21 492)
Depreciation of right-of-use assets      (7 204) (5 828)
Amortisation of intangible assets      (5 743) (5 138)
Impairment of goodwill and investment in joint venture  9    (1 065) (342)
Gain on disposal/dilution of investment in joint ventures and associates2      6 129  1 039 
Impairment loss on remeasurement of non-current assets held for sale      (1 510) – 
Operating profit      44 595  31 429 
Net finance costs  10    (18 233) (15 184)
Net monetary gain      1 582  787 
Share of results of associates and joint ventures after tax  11    1 142  705 
Profit before tax      29 086  17 737 
Income tax expense      (9 439) (6 908)
Profit after tax      19 647  10 829 
Attributable to:         
Equity holders of the company      17 022  9 100 
Non-controlling interests      2 625  1 729 
      19 647  10 829 
Basic earnings per share (cents)  12    946  506 
Diluted earnings per share (cents)  12    936  498 
1 Restated for change in accounting policy, refer note 23 for details of restatements.
2 Gain on disposal/dilution of investment in joint ventures and associates was included in other income in 2019 and has been disaggregated in 2020 and comparative numbers have been re-presented accordingly.