A

African Equity Empowerment Investments Ltd
JSE:AEE

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African Equity Empowerment Investments Ltd
JSE:AEE
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Price: 112 Zac Market Closed
Market Cap: 549.9m ZAR

Income Statement

Earnings Waterfall
African Equity Empowerment Investments Ltd

Income Statement
African Equity Empowerment Investments Ltd

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Income Statement
Currency: ZAR
Aug-2004 Feb-2005 Aug-2005 Feb-2006 Aug-2006 Feb-2007 Aug-2007 Feb-2008 Aug-2008 Feb-2009 Aug-2009 Feb-2010 Aug-2010 Feb-2011 Aug-2011 Feb-2012 Aug-2012 Feb-2013 Aug-2013 Feb-2014 Aug-2014 Feb-2015 Aug-2015 Feb-2016 Aug-2016 Feb-2017 Aug-2017 Feb-2018 Aug-2018 Feb-2019 Aug-2019 Feb-2020 Aug-2020 Feb-2021 Aug-2021 Feb-2022 Aug-2022 Feb-2023 Aug-2023
Revenue
Revenue
312
N/A
343
+10%
400
+17%
414
+3%
425
+3%
438
+3%
450
+3%
492
+9%
638
+30%
592
-7%
406
-31%
366
-10%
437
+19%
388
-11%
440
+14%
484
+10%
456
-6%
503
+10%
569
+13%
586
+3%
621
+6%
637
+3%
672
+5%
719
+7%
736
+2%
885
+20%
577
-35%
726
+26%
701
-4%
862
+23%
2 377
+176%
3 226
+36%
3 428
+6%
2 985
-13%
2 339
-22%
1 451
-38%
579
-60%
640
+11%
734
+15%
Gross Profit
Cost of Revenue
(190)
(251)
(236)
(362)
(239)
(316)
(229)
0
(398)
0
(307)
0
(316)
(97)
(308)
(321)
(305)
(344)
(391)
(406)
(426)
(440)
(444)
(473)
(460)
(541)
(339)
(435)
(410)
(498)
(1 652)
(2 378)
(2 613)
(2 253)
(1 659)
(994)
(379)
(406)
(410)
Gross Profit
121
N/A
92
-25%
164
+79%
51
-69%
186
+262%
121
-35%
221
+82%
0
N/A
241
N/A
0
N/A
99
N/A
0
N/A
121
N/A
37
-69%
133
+255%
163
+23%
151
-7%
159
+6%
179
+12%
180
+1%
194
+8%
198
+2%
229
+16%
246
+7%
275
+12%
345
+25%
238
-31%
291
+22%
290
0%
364
+25%
725
+99%
848
+17%
814
-4%
732
-10%
680
-7%
458
-33%
200
-56%
234
+17%
324
+38%
Operating Income
Operating Expenses
(98)
(100)
(110)
0
(94)
0
(35)
(348)
(207)
(518)
(127)
(397)
(135)
(277)
(127)
(140)
(120)
(110)
(145)
(179)
(141)
(135)
(147)
(146)
(165)
(223)
(176)
(232)
(242)
(283)
(789)
(1 036)
(805)
(784)
(951)
(631)
(253)
(267)
(300)
Selling, General & Administrative
(126)
0
(164)
0
(211)
0
(318)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(564)
0
(198)
0
(157)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(83)
0
(17)
0
(19)
Other Operating Expenses
28
(100)
54
0
117
0
283
(348)
(207)
(518)
(127)
(397)
(135)
(277)
(127)
(140)
(120)
(110)
(145)
(179)
(141)
(135)
(147)
(146)
(165)
(223)
(176)
(232)
(242)
(283)
(789)
(1 036)
(805)
(784)
(305)
(631)
(38)
(267)
(124)
Operating Income
23
N/A
(8)
N/A
53
N/A
51
-4%
92
+80%
121
+31%
186
+53%
144
-23%
34
-77%
74
+120%
(28)
N/A
(31)
-11%
(14)
+57%
14
N/A
6
-59%
23
+315%
31
+34%
50
+62%
34
-32%
1
-99%
53
+10 580%
63
+17%
81
+30%
100
+23%
110
+10%
122
+11%
62
-49%
59
-6%
49
-17%
81
+66%
(63)
N/A
(188)
-197%
9
N/A
(52)
N/A
(271)
-419%
(173)
+36%
(54)
+69%
(32)
+40%
24
N/A
Pre-Tax Income
Interest Income Expense
(13)
(14)
(15)
(12)
(3)
(3)
(11)
(10)
(13)
(15)
49
(17)
46
9
40
25
19
4
58
67
33
59
103
112
171
672
560
176
52
7
282
311
191
198
243
104
43
85
84
Non-Reccuring Items
0
0
0
0
0
0
0
(14)
(17)
0
(68)
0
(9)
0
(9)
0
(1)
0
(33)
0
21
0
1
1
6
6
9
8
5 910
5 129
(2 607)
(1 779)
(90)
(201)
(152)
(86)
2
(219)
(834)
Total Other Income
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
0
0
0
0
0
0
0
0
1
0
(12)
0
12
0
0
0
0
(0)
0
(0)
0
(513)
Pre-Tax Income
10
N/A
(23)
N/A
39
N/A
40
+2%
89
+126%
118
+32%
174
+47%
120
-31%
4
-97%
59
+1 492%
(46)
N/A
(48)
-4%
23
N/A
22
-3%
37
+63%
47
+30%
48
+1%
53
+10%
59
+11%
67
+14%
108
+61%
121
+12%
186
+53%
214
+15%
288
+35%
799
+178%
631
-21%
231
-63%
6 011
+2 499%
5 229
-13%
(2 388)
N/A
(1 656)
+31%
111
N/A
(56)
N/A
(181)
-223%
(155)
+14%
(9)
+94%
(166)
-1 722%
(1 239)
-645%
Net Income
Tax Provision
(4)
3
7
7
(15)
(22)
(62)
(55)
2
(5)
(14)
(15)
(13)
(12)
(7)
(18)
(30)
(26)
(28)
(33)
(6)
(3)
(36)
(42)
(79)
(200)
(144)
(49)
(1 063)
8
997
(65)
(92)
(106)
(85)
(52)
15
(22)
22
Income from Continuing Operations
6
(19)
46
46
74
96
112
64
6
54
(60)
(63)
10
11
29
29
18
27
30
34
102
118
149
172
208
600
488
182
4 948
5 237
(1 391)
(1 721)
19
(162)
(265)
(207)
6
(189)
(1 217)
Income to Minority Interest
(2)
(1)
(9)
(10)
(7)
(7)
2
5
1
(4)
(0)
(0)
(1)
1
(2)
(1)
(0)
(3)
(1)
(2)
(6)
2
4
9
8
3
(52)
(61)
(115)
(176)
(102)
(80)
(9)
75
132
102
8
(6)
(27)
Equity Earnings Affiliates
0
0
1
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
4
N/A
(20)
N/A
38
N/A
39
+4%
67
+72%
88
+31%
115
+30%
69
-40%
6
-91%
51
+695%
(59)
N/A
(65)
-11%
8
N/A
12
+40%
29
+149%
29
+0%
18
-37%
25
+38%
30
+19%
32
+7%
97
+204%
120
+24%
153
+28%
181
+18%
217
+20%
603
+178%
477
-21%
162
-66%
4 992
+2 979%
5 220
+5%
(1 493)
N/A
(1 801)
-21%
10
N/A
(87)
N/A
(133)
-53%
(164)
-23%
(224)
-37%
(401)
-79%
(1 425)
-255%
EPS (Diluted)
0.03
N/A
-0.1
N/A
0.15
N/A
0.15
N/A
0.19
+27%
0.22
+16%
0.28
+27%
0.16
-43%
0.01
-94%
0.09
+800%
-0.12
N/A
-0.13
-8%
0.02
N/A
0.03
+50%
0.06
+100%
0.06
N/A
0.04
-33%
0.05
+25%
0.06
+20%
0.07
+17%
0.2
+186%
0.24
+20%
0.31
+29%
0.37
+19%
0.44
+19%
1.23
+180%
0.97
-21%
0.33
-66%
10.16
+2 979%
10.62
+5%
-3.04
N/A
-3.67
-21%
0.02
N/A
-0.18
N/A
-0.27
-50%
-0.33
-22%
-0.45
-36%
-0.81
-80%
-2.9
-258%