Summarised consolidated income statement

    Restated  
  Year ended   Period ended  
  30 June 2012   30 June 2011  
R million   Audited   Audited  
Earned premiums net of reinsurance   6 661   2 071  
Fee income   119   50  
Investment income   569   155  
Net fair value gains/(losses) on financial assets   209   (213) 
Income   7 558   2 063  
Net claims paid   (2 581)  (306) 
Investment contract benefits and insurance provisions   (677)  (289) 
Fair value adjustment to financial liabilities   (220)  (54) 
Acquisition, marketing and administration expenses   (1 971)  (595) 
Operating profit   2 109   819  
Finance costs   (138)  (46) 
Share of after tax results from associate companies   975   318  
Profit before taxation   2 946   1 091  
Taxation   (517)  (352) 
Profit for the year   2 429   739  
Attributable to:        
Equity holders of RMI   2 248   587  
Non-controlling interests   181   152  
Profit for the year   2 429   739