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Integrated Report 2016
ANNUAL FINANCIAL STATEMENTS
(continued)
SIX
THREE
ONE
FOUR
TWO
2016
R’000
2015
R’000
J.
DEFERRED TAX
Balance at beginning of year
(230)
(137)
Other comprehensive income movement
112
(93)
Balance at end of year
(118)
(230)
This balance comprises the following temporary difference relating to the revaluation of the
available-for-sale financial asset
(118)
(230)
K.
OTHER PAYABLES
Interest accrued
–
976
Shareholders for dividends
783
697
783
1 673
L.
NOTES TO THE STATEMENTS OF CASH FLOWS
L.1 OPERATING LOSS BEFORE WORKING CAPITAL CHANGES
Profit before taxation
291 527
7 203
Adjusted for:
– dividend income
(304 656)
–
– finance income
(49 490)
(65 247)
– finance costs
41 444
57 778
– one-off call option charge
20 821
–
(354)
(266)
L.2 TAXATION PAID
Amounts overpaid/(underpaid) at beginning of year
103
(551)
Amounts charged to the statement of comprehensive income
(2 154)
(2 117)
Amount overpaid at end of year
(600)
(103)
(2 651)
(2 771)
L.3 DECREASE IN INVESTMENTS
Proceeds on sale of 1% interest in Group Risk Holdings Proprietary Limited
–
345
M.
DISTRIBUTIONS
M.1 PAID DURING THE YEAR
Dividends on ordinary shares
Final dividend for 2015: 81 cents per share
121 424
–
Interim dividend for 2016: 50 cents per share
74 953
–
Total declared and paid
196 377
–
M.2 PROPOSED SUBSEQUENT TO 30 JUNE 2016
Distribution on ordinary shares
Final dividend for 2016: 54 cents per share (2015: 81 cents per share)
80 949
121 418