Page 45 - Learn Africa 2021 Annual Report

Learn Africa Plc
Statement of Profit or Loss and Other Comprehensive Income

For the year ended 31 March 2021

31-Mar-21 31-Mar-20
Note N’000 N’000
Revenue 4 2,390,000 2,869,410

Cost of sales 5.3 (1,250,335) (1,390,422)
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Gross profit 1,139,665 1,478,988

Other operating income 5.1 64,171 133,990
Distribution and selling expenses 5.4 (213,887) (335,622)
Administrative expenses 5.5 (666,699) (893,913)
Expected credit loss 5.8 (30,674) (133,179)
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Operating profit 292,576 250,264
Finance cost 5.7 (10,775) (36,959)
Finance income 5.2 287 10,595
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Profit before taxation 282,088 223,900

Income tax expense 6.1 (121,006) (143,908)
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Profit for the year 161,082 79,992

Other comprehensive income

Comprehensive income for the year; net of tax - -

Total comprehensive income for the year; net of tax 161,082 79,992
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Earnings per share
Basic earnings per share (kobo) 7 21 10

A reclassification was made to the fair value loss on investment properties in the current year and
in order to align with current year presentation comparatives have been reclassified. For more
information on the reclassification, please refer to Note 5.1 and 5.5.

See notes to the financial statements.

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