CONSOLIDATED INCOME STATEMENT for the period ended 28 July 2018 2018 2017 52 weeks 52 weeks Notes $'000 $'000 Total sales value A2 3,100,554 3,201,866 Concession sales (653,983) (701,678) Sale of goods A2 2,446,571 2,500,188 Sales revenue deferred under customer loyalty program (36,583) (34,847) Revenue from sale of goods A2 2,409,988 2,465,341 Other operating revenue A2 162,299 176,485 Cost of goods sold (1,387,903) (1,421,394) Operating gross profit 1,184,384 1,220,432 Selling expenses (831,192) (819,055) Administration expenses (297,765) (292,212) Share of net profit/(loss) of equity-accounted associate - (1,176) Dilution of investment in equity-accounted associate - (1,338) Restructuring and store exit costs, onerous lease expense and impairment of assets A3 (541,190) (65,615) Earnings/(loss) before interest and tax (485,763) 41,036 Finance revenue A2 397 436 Finance costs A3 (9,471) (11,259) Net finance costs (9,074) (10,823) Profit/(loss) before income tax (494,837) 30,213 Income tax benefit/(expense) A4 8,835 (18,274) Profit/(loss) for the period attributable to owners of Myer Holdings Limited (486,002) 11,939 Earnings/(loss) per share attributable to the ordinary equity holders of the Company: Cents Cents Basic earnings per share A5 (59.2) 1.5 Diluted earnings per share A5 (59.2) 1.4 The above consolidated income statement should be read in conjunction with the accompanying notes. Myer Annual Report 2018 49