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Consolidated Income Statement

RCS GROUP CONSOLIDATED FINANCIAL STATEMENTS

2015

10

9 Months ended

12 Months ended

31 December 2015

31 March 2015

Note

R’000

R’000

Interest earned

20

1 060 127

1 261 080

Interest expense

(235 420)

(271 344)

Net interest income

824 707

989 736

Other income

21

526 376

674 861

Transaction fee expense

(63 075)

(72 864)

Net trading income

1 288 008

1 591 733

Operating costs

(570 859)

(677 385)

Cost of risk

22

(439 335)

(475 962)

Income from operations

277 814

438 386

Profit from equity accounted associates

1 977

Profit before taxation

23

277 814

440 363

Taxation

24

(79 974)

(141 224)

Profit for the period

197 840

299 139

for the period ended 31 December 2015