Home | Site map     Profile Southern Africa grid map Key facts Electricity: from power station to customer Organisational structure Executive summary Vision, values and strategic objectives Group five-year review Chairman and Chief Executive Introduction Message from the chairman Board of directors Message from the chief executive Executive management committee Market and industry overview Business and sustainability performance review Introduction Sustainability Integrated risk management Performance in terms of the shareholder compact Financial review Contribution to society Securing continuity of supply Supply for the 2010 World Cup Executing the build programme Responding to climate change and limiting the impact on environment Restoring Eskom’s image and public confidence EDI restructuring Our People Safety performance Independent auditors report on sustainability Consolidated group financial statements Introduction Statement of responsibilities and approval Statement by company secretary Report of the audit committee Independent auditor’s report to the Minister of Public Enterprises Directors' report Consolidated financial statements Corporate governance and tables Introduction Corporate governance Tables Awards Glossary Abbreviations and acronyms GRI index Contact information Development Foundation Report Downloads Additional Information Information Sheets Keyword search         Consolidated group annual financial statements   CONSOLIDATED FINANCIAL STATEMENTS     Currency of financial statements | Balance sheets | Income statements     Cash flow statements | Statements of changes in equity | Notes to the consolidated financial statements         Income statements   for the year ended 31 March 2008               Group   Company           Restated1       Restated1   Note   2008  Rm    2007  Rm    2008  Rm    2007  Rm  Continuing operations                   Revenue 27   44 448    40 068    43 584    39 399  Other income 28   231    359    1 744    1 315  Net fair value loss on financial instruments, excluding embedded derivatives 29   (684)   (862)   (729)   (862) Primary energy2     (18 314)   (13 040)   (18 314)   (13 040) Employee benefit expense 30   (11 353)   (9 451)   (10 576)   (8 997) Depreciation and amortisation expense 31   (4 284)   (4 709)   (4 118)   (4 597) Net impairment (loss)/reversal 32   (446)   196    (440)   (50) Other operating expenses 33   (6 383)   (6 109)   (8 019)   (7 353) Operating profit before net fair value (loss)/gain on embedded derivatives and net finance cost     3 215    6 452    3 132    5 815  Net fair value (loss)/gain on embedded derivatives     (143)   4 305    (149)   4 131  Operating profit before net finance cost     3 072    10 757    2 983    9 946  Net finance cost     (1 788)   (1 348)   (2 004)   (1 509) – Finance income 34   2 933    2 884    2 811    2 814  – Finance cost 35   (4 721)   (4 232)   (4 815)   (4 323) Share of profit of equity accounted investees 8   30    41    –    –  Profit before tax     1 314    9 450    979    8 437  Income tax expense 36   205    (2 512)   354    (2 407) Profit for the year from continuing operations     1 519    6 938    1 333    6 030  Discontinued operations                   Loss for the year from discontinued operations 20   (545)   (462)   –    –  Profit for the year     974    6 476    1 333    6 030  Attributable to:                   Equity holder of the company     932    6 481    1 333    6 030  Minority interest     42    (5)   –    –        974    6 476    1 333    6 030    1 Refer to note 42. 2 Primary energy relates to the acquisition of coal, uranium, water, gas and diesel that are used in the generation of   electricity.       Income statements       Back to top