(Restricted Group) (All amounts in US Dollars unless otherwise stated)
Combined statement of profit or loss and other comprehensive income
For the year ended For the year ended
Notes 31 March 2019 31 March 2018
Revenue 20 167,752,678 176,990,218
Other operating income 820,876 174,607 Power generation expenses (16,922,829) (18,704,528) Employee benefits expense 22 (5,436,865) (5,232,126) Other operating expenses (7,190,517) (7,100,179) Impairment of non-financial assets 9 (13,846,966) Impairment loss on trade receivables 12 (4,481,288) - Earnings before interest, taxes, depreciation and amortisation (EBITDA) 120,695,089 146,127,992 Depreciation and amortisation 8&9 (46,450,229) (50,108,364) Operating profit 74,244,860 96,019,628 Finance income 23 25,520,084 1,621,623 Finance cost 23 (63,223,899) (71,463,556) Loan restructuring costs 24 - (17,676,528) Profit before tax 36,541,045 8,501,167 Income tax expense 25 (14,129,082) (7,899,198) Profit for the year 22,411,963 601,969 Attributable to: Equity holders of the Restricted Group 22,249,939 437,305 Non-controlling interests 162,024 164,664 22,411,963 601,969
Other comprehensive income
Items that may be reclassified subsequently to profit or loss Unrealised gain on available-for-sale financial assets - (46,073) Exchange differences on translating foreign operations (90,039,290) (9,514,035) Total other comprehensive income (90,039,290) (9,560,108)
Total comprehensive income (67,627,327) (8,958,139)
Total comprehensive income attributable to:
Equity holders of the Restricted Group (67,789,351) (9,122,803) Non-controlling interests 162,024 164,664 (67,627,327) (8,958,139)
The notes are an integral part of these combined financial statements.