REA Group Ltd Annual Report 2021

REA Group Ltd | Annual Report 2021 FINANCIAL STATEMENTS Notes 2021 $’000 2020 $’000 Revenue from property and online advertising 3 903,837 794,562 Revenue from financial services 3 101,529 87,295 Expense from franchisee commissions 3 (77,555) (61,588) Revenue from financial services after franchisee commissions 23,974 25,707 Total operating income 3 927,811 820,269 Employee benefits expenses 17 (234,230) (190,199) Consultant and contractor expenses (9,988) (7,842) Marketing related expenses (58,277) (64,964) Technology and other expenses (44,462) (36,674) Operations and administration expense (40,959) (44,029) Impairment expense 4 – (148,569) Share of losses of associates and joint ventures 12,618 (15,411) Gain on acquisition and disposal of subsidiaries 19 3,128 5,295 Earnings before interest, tax, depreciation and amortisation (EBITDA) 555,641 317,876 Depreciation and amortisation expense 4 (82,612) (78,620) Profit before interest and tax (EBIT) 473,029 239,256 Net finance expense 4 (4,669) (5,562) Profit before income tax 468,360 233,694 Income tax expense 7 (155,377) (121,109) Profit for the year 312,983 112,585 Profit for the year is attributable to: Non-controlling interest (9,694) 212 Owners of the parent 322,677 112,373 312,983 112,585 Earnings per share attributable to the ordinary equity holders of REA Group Ltd Basic earnings per share 5 244.6 85.3 Diluted earnings per share 5 244.6 85.3 The above Consolidated Income Statement should be read in conjunction with the accompanying notes. Consolidated Income Statement for the year ended 30 June 2021 62 Financial Statements