PPC Ltd
JSE:PPC
Income Statement
Earnings Waterfall
PPC Ltd
Revenue
|
11B
ZAR
|
Cost of Revenue
|
-9B
ZAR
|
Gross Profit
|
1.9B
ZAR
|
Operating Expenses
|
-1.1B
ZAR
|
Operating Income
|
856m
ZAR
|
Other Expenses
|
-1B
ZAR
|
Net Income
|
-164m
ZAR
|
Income Statement
PPC Ltd
Mar-2003 | Sep-2003 | Mar-2004 | Sep-2004 | Mar-2005 | Sep-2005 | Mar-2006 | Sep-2006 | Mar-2007 | Sep-2007 | Mar-2008 | Sep-2008 | Mar-2009 | Sep-2009 | Mar-2010 | Sep-2010 | Mar-2011 | Sep-2011 | Mar-2012 | Sep-2012 | Mar-2013 | Sep-2013 | Mar-2014 | Sep-2014 | Mar-2015 | Sep-2015 | Sep-2016 | Mar-2017 | Sep-2017 | Mar-2018 | Sep-2018 | Mar-2019 | Sep-2019 | Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Mar-2022 | Sep-2022 | Mar-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 730
N/A
|
3 016
+10%
|
3 246
+8%
|
3 440
+6%
|
3 623
+5%
|
3 974
+10%
|
4 344
+9%
|
4 686
+8%
|
5 091
+9%
|
5 566
+9%
|
5 897
+6%
|
6 248
+6%
|
6 590
+5%
|
6 783
+3%
|
6 943
+2%
|
6 807
-2%
|
6 643
-2%
|
6 826
+3%
|
7 098
+4%
|
7 346
+3%
|
7 629
+4%
|
8 316
+9%
|
8 661
+4%
|
9 039
+4%
|
9 423
+4%
|
9 227
-2%
|
5 156
-44%
|
9 641
+87%
|
9 673
+0%
|
10 271
+6%
|
10 680
+4%
|
10 494
-2%
|
15 442
+47%
|
8 671
-44%
|
7 995
-8%
|
8 938
+12%
|
9 063
+1%
|
9 882
+9%
|
9 854
0%
|
9 902
+0%
|
10 971
+11%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 984)
|
(2 153)
|
(2 243)
|
(2 268)
|
(2 192)
|
(2 175)
|
(2 325)
|
(2 520)
|
(2 792)
|
(3 069)
|
(3 284)
|
(3 547)
|
(3 830)
|
(3 897)
|
(3 930)
|
(4 067)
|
(4 198)
|
(4 500)
|
(4 727)
|
(4 809)
|
(5 031)
|
(5 546)
|
(5 770)
|
(6 266)
|
(6 679)
|
(6 437)
|
(3 838)
|
(7 359)
|
(7 380)
|
(7 924)
|
(8 559)
|
(8 487)
|
(12 529)
|
(6 792)
|
(5 991)
|
(6 877)
|
(6 986)
|
(8 352)
|
(8 599)
|
(8 343)
|
(9 026)
|
|
Gross Profit |
746
N/A
|
863
+16%
|
1 003
+16%
|
1 172
+17%
|
1 432
+22%
|
1 798
+26%
|
2 019
+12%
|
2 166
+7%
|
2 299
+6%
|
2 497
+9%
|
2 613
+5%
|
2 701
+3%
|
2 760
+2%
|
2 886
+5%
|
3 013
+4%
|
2 740
-9%
|
2 445
-11%
|
2 326
-5%
|
2 371
+2%
|
2 537
+7%
|
2 598
+2%
|
2 770
+7%
|
2 891
+4%
|
2 773
-4%
|
2 744
-1%
|
2 790
+2%
|
1 318
-53%
|
2 282
+73%
|
2 293
+0%
|
2 347
+2%
|
2 121
-10%
|
2 007
-5%
|
2 913
+45%
|
1 879
-35%
|
2 004
+7%
|
2 061
+3%
|
2 077
+1%
|
1 530
-26%
|
1 255
-18%
|
1 559
+24%
|
1 945
+25%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(0)
|
0
|
(0)
|
0
|
(131)
|
(290)
|
(299)
|
(304)
|
(306)
|
(323)
|
(349)
|
(378)
|
(414)
|
(468)
|
(570)
|
(625)
|
(627)
|
(616)
|
(620)
|
(671)
|
(739)
|
(853)
|
(952)
|
(1 030)
|
(1 104)
|
(1 130)
|
(577)
|
(1 049)
|
(1 021)
|
(1 343)
|
(1 374)
|
(1 086)
|
(1 648)
|
(1 279)
|
(1 172)
|
(1 010)
|
(1 003)
|
(1 008)
|
(1 093)
|
(1 105)
|
(1 089)
|
|
Selling, General & Administrative |
0
|
0
|
0
|
0
|
(101)
|
(40)
|
(49)
|
(42)
|
(43)
|
(37)
|
(95)
|
(378)
|
(414)
|
(468)
|
(570)
|
(625)
|
(627)
|
(616)
|
(620)
|
(671)
|
(739)
|
(853)
|
(952)
|
(1 006)
|
(1 104)
|
(1 061)
|
(577)
|
(910)
|
(1 021)
|
(1 222)
|
(1 374)
|
(962)
|
(1 648)
|
(1 156)
|
(1 172)
|
(917)
|
(1 003)
|
(695)
|
(1 093)
|
(1 015)
|
(1 089)
|
|
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
|
(24)
|
0
|
(69)
|
0
|
(139)
|
0
|
(121)
|
0
|
(124)
|
0
|
(123)
|
0
|
(93)
|
0
|
(313)
|
0
|
(90)
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
(31)
|
(250)
|
(250)
|
(262)
|
(263)
|
(286)
|
(254)
|
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
|
|
Operating Income |
745
N/A
|
863
+16%
|
1 003
+16%
|
1 172
+17%
|
1 300
+11%
|
1 509
+16%
|
1 720
+14%
|
1 862
+8%
|
1 993
+7%
|
2 174
+9%
|
2 264
+4%
|
2 323
+3%
|
2 346
+1%
|
2 418
+3%
|
2 443
+1%
|
2 115
-13%
|
1 818
-14%
|
1 710
-6%
|
1 751
+2%
|
1 866
+7%
|
1 859
0%
|
1 917
+3%
|
1 939
+1%
|
1 743
-10%
|
1 640
-6%
|
1 660
+1%
|
741
-55%
|
1 233
+66%
|
1 272
+3%
|
1 004
-21%
|
747
-26%
|
921
+23%
|
1 265
+37%
|
600
-53%
|
832
+39%
|
1 051
+26%
|
1 074
+2%
|
522
-51%
|
162
-69%
|
454
+180%
|
856
+89%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
65
|
83
|
73
|
54
|
35
|
15
|
12
|
15
|
12
|
6
|
11
|
(59)
|
(205)
|
(291)
|
(307)
|
(321)
|
(322)
|
(292)
|
(297)
|
(318)
|
(318)
|
(316)
|
(347)
|
(342)
|
(397)
|
(436)
|
(572)
|
(791)
|
(447)
|
(458)
|
(458)
|
(520)
|
(781)
|
(178)
|
(305)
|
(398)
|
72
|
(176)
|
(67)
|
(73)
|
(181)
|
|
Non-Reccuring Items |
177
|
4
|
(1)
|
(0)
|
11
|
13
|
3
|
0
|
3
|
14
|
12
|
2
|
(486)
|
(277)
|
204
|
(42)
|
(41)
|
(15)
|
(21)
|
(123)
|
(235)
|
(142)
|
(48)
|
(149)
|
(189)
|
(124)
|
(27)
|
(216)
|
(206)
|
(233)
|
(233)
|
(149)
|
405
|
(1 255)
|
(1 483)
|
1 117
|
1 228
|
(146)
|
(789)
|
(276)
|
(123)
|
|
Gain/Loss on Disposition of Assets |
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
|
11
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(2)
|
(1)
|
0
|
0
|
0
|
0
|
(8)
|
(18)
|
(19)
|
(18)
|
(20)
|
(22)
|
(21)
|
(21)
|
(25)
|
(47)
|
(56)
|
(48)
|
(18)
|
(46)
|
(66)
|
(82)
|
(60)
|
(62)
|
(88)
|
(26)
|
(9)
|
(5)
|
(11)
|
(14)
|
5
|
(12)
|
(5)
|
|
Pre-Tax Income |
987
N/A
|
950
-4%
|
1 074
+13%
|
1 226
+14%
|
1 346
+10%
|
1 536
+14%
|
1 735
+13%
|
1 877
+8%
|
2 008
+7%
|
2 194
+9%
|
2 287
+4%
|
2 266
-1%
|
1 655
-27%
|
1 850
+12%
|
2 332
+26%
|
1 734
-26%
|
1 436
-17%
|
1 385
-4%
|
1 413
+2%
|
1 403
-1%
|
1 285
-8%
|
1 438
+12%
|
1 519
+6%
|
1 205
-21%
|
998
-17%
|
1 052
+5%
|
124
-88%
|
180
+45%
|
553
+207%
|
242
-56%
|
(4)
N/A
|
190
N/A
|
801
+322%
|
(859)
N/A
|
(965)
-12%
|
1 765
N/A
|
2 363
+34%
|
186
-92%
|
(689)
N/A
|
93
N/A
|
547
+488%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(290)
|
(325)
|
(377)
|
(438)
|
(394)
|
(432)
|
(604)
|
(671)
|
(720)
|
(765)
|
(770)
|
(767)
|
(717)
|
(722)
|
(711)
|
(622)
|
(552)
|
(520)
|
(519)
|
(557)
|
(521)
|
(507)
|
(417)
|
(356)
|
(364)
|
(391)
|
(66)
|
(153)
|
(280)
|
(205)
|
(3)
|
(28)
|
(223)
|
181
|
266
|
(742)
|
(834)
|
(207)
|
(90)
|
(242)
|
(287)
|
|
Income from Continuing Operations |
698
|
625
|
697
|
787
|
952
|
1 104
|
1 131
|
1 206
|
1 288
|
1 429
|
1 517
|
1 499
|
938
|
1 128
|
1 621
|
1 112
|
884
|
865
|
894
|
846
|
764
|
931
|
1 102
|
849
|
634
|
661
|
58
|
27
|
273
|
37
|
(7)
|
162
|
578
|
(678)
|
(699)
|
1 023
|
1 529
|
(21)
|
(779)
|
(149)
|
260
|
|
Income to Minority Interest |
0
|
0
|
0
|
(4)
|
(10)
|
(13)
|
(14)
|
0
|
7
|
0
|
0
|
0
|
(10)
|
(104)
|
(149)
|
(102)
|
(82)
|
(80)
|
(83)
|
(78)
|
(40)
|
30
|
28
|
(9)
|
(14)
|
37
|
44
|
66
|
12
|
112
|
174
|
73
|
115
|
516
|
487
|
307
|
280
|
17
|
(30)
|
(93)
|
(106)
|
|
Equity Earnings Affiliates |
18
|
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
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
716
N/A
|
625
-13%
|
696
+11%
|
784
+13%
|
807
+3%
|
941
+17%
|
1 101
+17%
|
1 214
+10%
|
1 303
+7%
|
1 429
+10%
|
1 517
+6%
|
1 499
-1%
|
928
-38%
|
1 024
+10%
|
1 472
+44%
|
1 010
-31%
|
802
-21%
|
785
-2%
|
811
+3%
|
768
-5%
|
724
-6%
|
961
+33%
|
1 130
+18%
|
840
-26%
|
620
-26%
|
698
+13%
|
102
-85%
|
93
-9%
|
285
+206%
|
149
-48%
|
167
+12%
|
235
+41%
|
694
+195%
|
(1 872)
N/A
|
(2 044)
-9%
|
189
N/A
|
821
+334%
|
(60)
N/A
|
(1 443)
-2 305%
|
(667)
+54%
|
(164)
+75%
|
|
EPS (Diluted) |
0.89
N/A
|
0.77
-13%
|
0.86
+12%
|
0.97
+13%
|
1
+3%
|
1.17
+17%
|
1.36
+16%
|
1.49
+10%
|
1.61
+8%
|
1.77
+10%
|
1.88
+6%
|
1.89
+1%
|
1.24
-34%
|
1.38
+11%
|
2.03
+47%
|
1.39
-32%
|
1.1
-21%
|
1.08
-2%
|
1.12
+4%
|
1.06
-5%
|
0.9
-15%
|
1.1
+22%
|
1.41
+28%
|
1.05
-26%
|
0.77
-27%
|
0.87
+13%
|
0.13
-85%
|
0.08
-38%
|
0.18
+125%
|
0.1
-44%
|
0.11
+10%
|
0.15
+36%
|
0.46
+207%
|
-1.24
N/A
|
-1.35
-9%
|
0.12
N/A
|
0.54
+350%
|
-0.03
N/A
|
-0.94
-3 033%
|
-0.43
+54%
|
-0.1
+77%
|