Summarised consolidated income statement

 

  for the period ended
  31 December   30 June  
   2011   2011  
R million   Unaudited   Audited  
Share of after tax results in associates   503   318  
Earned premiums net of reinsurance   3 286   2 071  
Fee income   59   50  
Investment income   329   (58) 
Income   4 177   2 381  
Net claims paid   (1 508)  (306) 
Investment contract benefits and insurance provisions   (243)  (323) 
Fair value adjustment to financial liabilities   (106)  (54) 
Acquisition, marketing and administration expenses   (955)  (595) 
Operating profit   1 365   1 103  
Net finance costs   (66)  (46) 
Profit before taxation   1 299   1 057  
Taxation   (322)  (342) 
Profit for the period   977   715  
Attributable to:        
Equity holders of RMI Holdings   934   570  
Non-controlling interests   43   145  
Profit for the period   977   715