Equites Property Fund Ltd
JSE:EQU
Income Statement
Earnings Waterfall
Equites Property Fund Ltd
Income Statement
Equites Property Fund Ltd
| Feb-2018 | Aug-2018 | Feb-2019 | Aug-2019 | Feb-2020 | Aug-2020 | Feb-2021 | Aug-2021 | Feb-2022 | Aug-2022 | Feb-2023 | Aug-2023 | Feb-2024 | Aug-2024 | Feb-2025 | Aug-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||
| Interest Expense |
0
|
0
|
49
|
48
|
103
|
157
|
25
|
17
|
20
|
62
|
229
|
424
|
537
|
590
|
722
|
690
|
|
| Revenue |
574
N/A
|
647
+13%
|
766
+18%
|
923
+20%
|
994
+8%
|
1 012
+2%
|
1 185
+17%
|
1 460
+23%
|
1 688
+16%
|
1 951
+16%
|
3 213
+65%
|
3 397
+6%
|
2 484
-27%
|
3 020
+22%
|
4 257
+41%
|
3 932
-8%
|
|
| Gross Profit | |||||||||||||||||
| Cost of Revenue |
(88)
|
(98)
|
(107)
|
(121)
|
(116)
|
(123)
|
(163)
|
(199)
|
(240)
|
(298)
|
(1 212)
|
(1 268)
|
(531)
|
(1 256)
|
(2 201)
|
(2 039)
|
|
| Gross Profit |
486
N/A
|
549
+13%
|
659
+20%
|
802
+22%
|
878
+9%
|
889
+1%
|
1 022
+15%
|
1 261
+23%
|
1 448
+15%
|
1 653
+14%
|
2 001
+21%
|
2 130
+6%
|
1 953
-8%
|
1 764
-10%
|
2 056
+17%
|
1 893
-8%
|
|
| Operating Income | |||||||||||||||||
| Operating Expenses |
175
|
(10)
|
(33)
|
173
|
(40)
|
(148)
|
(55)
|
(59)
|
(72)
|
(0)
|
(231)
|
(320)
|
(135)
|
(189)
|
(165)
|
(124)
|
|
| Selling, General & Administrative |
(33)
|
(38)
|
(42)
|
(51)
|
(53)
|
(61)
|
(57)
|
(65)
|
(78)
|
(76)
|
(236)
|
(250)
|
(153)
|
(193)
|
(183)
|
(145)
|
|
| Other Operating Expenses |
208
|
28
|
10
|
226
|
14
|
(87)
|
2
|
6
|
6
|
76
|
5
|
(69)
|
19
|
4
|
18
|
21
|
|
| Operating Income |
661
N/A
|
539
-19%
|
626
+16%
|
975
+56%
|
838
-14%
|
741
-12%
|
967
+31%
|
1 202
+24%
|
1 376
+14%
|
1 653
+20%
|
1 770
+7%
|
1 810
+2%
|
1 818
+0%
|
1 575
-13%
|
1 891
+20%
|
1 769
-6%
|
|
| Pre-Tax Income | |||||||||||||||||
| Interest Income Expense |
196
|
81
|
62
|
(67)
|
(224)
|
(700)
|
(332)
|
904
|
1 458
|
1 108
|
(2 077)
|
(2 769)
|
(199)
|
94
|
(247)
|
464
|
|
| Non-Reccuring Items |
0
|
0
|
(1)
|
0
|
0
|
0
|
32
|
31
|
(0)
|
0
|
0
|
29
|
(50)
|
(74)
|
(31)
|
(70)
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
(6)
|
(68)
|
(6)
|
(94)
|
(50)
|
177
|
(19)
|
(86)
|
(181)
|
(128)
|
(85)
|
|
| Pre-Tax Income |
857
N/A
|
620
-28%
|
687
+11%
|
909
+32%
|
614
-32%
|
35
-94%
|
598
+1 621%
|
2 131
+256%
|
2 739
+29%
|
2 711
-1%
|
(131)
N/A
|
(949)
-626%
|
1 483
N/A
|
1 414
-5%
|
1 484
+5%
|
2 078
+40%
|
|
| Net Income | |||||||||||||||||
| Tax Provision |
34
|
47
|
29
|
52
|
77
|
43
|
(108)
|
(200)
|
(383)
|
(242)
|
26
|
33
|
40
|
(25)
|
(66)
|
(22)
|
|
| Income from Continuing Operations |
891
|
666
|
716
|
961
|
691
|
77
|
490
|
1 930
|
2 356
|
2 469
|
(105)
|
(916)
|
1 523
|
1 389
|
1 418
|
2 055
|
|
| Income to Minority Interest |
(21)
|
(37)
|
(46)
|
(31)
|
(9)
|
(3)
|
(83)
|
(230)
|
(324)
|
(501)
|
(534)
|
(401)
|
(371)
|
(407)
|
(474)
|
(519)
|
|
| Net Income (Common) |
870
N/A
|
629
-28%
|
670
+6%
|
930
+39%
|
682
-27%
|
75
-89%
|
407
+447%
|
1 700
+317%
|
2 033
+20%
|
1 968
-3%
|
(639)
N/A
|
(1 318)
-106%
|
1 152
N/A
|
917
-20%
|
944
+3%
|
1 590
+69%
|
|
| EPS (Diluted) |
2.26
N/A
|
1.45
-36%
|
1.49
+3%
|
1.81
+21%
|
1.28
-29%
|
0.12
-91%
|
0.65
+442%
|
2.62
+303%
|
2.93
+12%
|
2.52
-14%
|
-0.82
N/A
|
-1.67
-104%
|
1.46
N/A
|
1.14
-22%
|
1.15
+1%
|
1.89
+64%
|
|