| |
26.1 |
OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES |
|
|
|
|
| |
|
Profit before taxation from continuing operations |
549 931 |
|
491 805 |
|
| |
|
Loss before taxation from discontinued operations |
(198 889) |
|
(151 965) |
|
| |
|
Profit before taxation |
351 042 |
|
339 840 |
|
| |
|
Adjusted for: |
|
|
|
|
| |
|
– amortisation of intangibles |
9 161 |
|
60 372 |
|
| |
|
– depreciation |
138 904 |
|
135 726 |
|
| |
|
– loss on disposal/scrapping of property, plant and equipment |
958 |
|
491 |
|
| |
|
– dividend income |
(9 179) |
|
(10 670) |
|
| |
|
– finance income |
(13 504) |
|
(19 887) |
|
| |
|
– finance costs |
85 462 |
|
100 983 |
|
| |
|
– profit on disposal of business |
– |
|
(8 260) |
|
| |
|
– equity accounted earnings |
(59 288) |
|
(65 608) |
|
| |
|
– share-based payment expenses |
39 919 |
|
15 081 |
|
| |
|
– accelerated Mpho ea Bophelo settlement |
(26 511) |
|
(1 235) |
|
| |
|
– provision for accounts receivable impairment and credit notes |
10 888 |
|
18 423 |
|
| |
|
– increase in provisions and post-retirement medical liability |
2 760 |
|
25 055 |
|
| |
|
– profit on disposal of intangibles property, plant and equipment |
(320) |
|
– |
|
| |
|
– impairment in discontinued operations |
207 971 |
|
– |
|
| |
|
– straight-lining of leases |
3 555 |
|
6 196 |
|
| |
|
– impairment of property, plant and equipment and intangible assets |
3 149 |
|
81 822 |
|
| |
|
– impairment of long-term receivable and investment |
5 489 |
|
6 336 |
|
| |
|
– inventories written off |
68 602 |
|
89 425 |
|
| |
|
– increase/(decrease) in inventory provisions |
14 558 |
|
(57 243) |
|
| |
|
– foreign exchange (gain)/loss |
(6 244) |
|
5 487 |
|
| |
|
– write-off of India rental deposit |
– |
|
2 216 |
|
| |
|
|
827 372 |
|
724 550 |
|
| |
26.2 |
WORKING CAPITAL CHANGES |
|
|
|
|
| |
|
Increase in inventories |
(89 656) |
|
(139 408) |
|
| |
|
Increase in trade and other receivables |
(56 006) |
|
(182 471) |
|
| |
|
Increase in trade and other payables |
259 414 |
|
195 456 |
|
| |
|
|
113 752 |
|
(126 423) |
|
| |
26.3 |
DIVIDENDS PAID |
|
|
|
|
| |
|
Dividends paid to equity holders of the parent |
(190 762) |
|
– |
|
| |
|
Dividends paid to non-controlling shareholders |
(6 215) |
|
(4 537) |
|
| |
|
|
(196 977) |
|
4 537) |
|
| |
26.4 |
TAXATION PAID |
|
|
|
|
| |
|
Amounts overpaid at beginning of year |
77 948 |
|
76 306 |
|
| |
|
Amounts charged to profit or loss |
(171 900) |
|
(141 031) |
|
| |
|
Movement in deferred tax |
2 648 |
|
55 397 |
|
| |
|
Exchange rate adjustments |
(1 149) |
|
(36) |
|
| |
|
Deconsolidation of Blue Falcon Trading Proprietary Limited |
119 |
|
– |
|
| |
|
Amounts overpaid at end of year |
(84 087) |
|
(77 948) |
|
| |
|
|
(176 421) |
|
(87 312) |
|
| |
26.5 |
NET CASH FLOW ON DISPOSAL OF BUSINESS |
|
|
|
|
| |
|
Consideration received |
– |
|
7 344 |
|
| |
|
Net cash disposed of |
– |
|
(10 007) |
|
| |
|
Cash outflow |
– |
|
(2 663) |
|
| |
26.6 |
FINANCE INCOME RECEIVED |
|
|
|
|
| |
|
Finance income – continuing operations |
5 107 |
|
13 144 |
|
| |
|
| |
– discontinued operations |
|
8 397 |
|
6 743 |
|
| |
|
|
13 504 |
|
19 887 |
|
| |
|
Add/(less) – movement in receivable |
10 785 |
|
(5 478) |
|
| |
|
– current year receivable transferred to assets held-for-sale |
(7 040) |
|
– |
|
| |
|
|
17 249 |
|
14 409 |
|
| |
26.7 |
FINANCE COSTS PAID |
|
|
|
|
| |
|
Finance income – continuing operations |
(76 888) |
|
(96 683) |
|
| |
|
| |
– discontinued operations |
|
(8 574) |
|
(4 300) |
|
| |
|
|
(85 462) |
|
(100 983) |
|
| |
|
Less: movement in receivable |
(1 227) |
|
(2 888) |
|
| |
|
|
(86 689) |
|
(103 871) |
|
| |
26.8 |
DECREASE IN OTHER FINANCIAL ASSETS |
|
|
|
|
| |
|
Proceeds from sale of interest in Group Risk Holdings Proprietary Limited |
– |
|
345 |
|
| |
|
Decrease in Black Managers Share Trust |
11 961 |
|
37 617 |
|
| |
|
|
11 961 |
|
37 962 |
|