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AfroCentric INTEGRATED ANNUAL REPORT 2016
61
Performance overview
SUMMARISED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Audited
year ended
Audited
year ended
Audited
year ended
30 June
2016
30 June
2015
30 June
2014
R’000
R’000
R’000
ASSETS
Non-current assets
2 190 076
991 080
881 257
Property and equipment
189 362
102 639
100 143
Investment property
15 000
15 000
15 000
Goodwill
872 078
398 123
398 123
Intangible assets (Note 1)
516 737
346 364
205 029
Available for sale investment
18 444
18 444
–
Financial asset at fair value through profit and loss
37 182
–
–
Managed funds and deposits
411 934
–
–
Investment in associates
24 477
14 873
77 183
Deferred income tax assets
104 862
95 637
85 779
Current assets
850 640
569 738
679 450
Trade and other receivables
365 004
228 884
190 828
Investment in preference share
–
–
90 000
Inventory
72 310
6 803
4 610
Current tax asset
19 821
–
4 563
Receivables from associates and joint venture
20 437
–
–
Cash and cash equivalents
373 068
334 051
389 449
Non-current asset held for sale
–
24 788
–
Total assets
3 040 716
1 585 606
1 560 707
EQUITY AND LIABILITIES
Capital and reserves
1 047 979
1 104 149
1 070 968
Issued ordinary share capital
18 686
17 821
17 821
Issued ordinary share premium
970 358
525 633
525 633
Conditional put option reserve
(727 960)
–
–
Share-based payment reserve
26 604
20 160
10 765
Treasury shares
(2 324)
(2 324)
(2 324)
Foreign currency translation reserve
7 027
2 204
1 337
Distributable reserve
755 588
540 655
517 736
Non-controlling interest
515 603
62 930
52 634
Total equity
1 563 582
1 167 079
1 123 602
Non-current liabilities
977 573
86 252
171 117
Deferred income tax liabilities
82 390
54 822
43 188
Non-current borrowings
–
–
112 946
Non-current provisions
8 350
8 350
8 350
Post-employment medical obligations
2 691
3 134
3 202
Second tranche payment
134 893
–
–
Conditional Financial Obligation
727 960
–
–
Accrual for straight lining of leases
21 289
19 946
3 431
Current liabilities
499 561
332 275
265 988
Borrowings
–
61 224
44 877
Provisions
9 755
9 211
9 105
Trade and other payables
383 029
146 317
121 887
Taxation
–
4 418
–
Employment benefit provisions
106 777
111 105
90 119
Total liabilities
1 477 134
418 527
437 105
Total equity and liabilities
3 040 716
1 585 606
1 560 707