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AFROCENTRIC GROUP
58
PERFORMANCE
SUMMARISED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Audited
year ended
30 June 2017
R’000
Audited
year ended
30 June 2016
R’000
Audited
year ended
30 June 2015
R’000
ASSETS
Non-current assets
1 927 272
2 190 076
991 080
Property and equipment
211 704
189 362
102 639
Investment property
15 418
15 000
15 000
Intangible assets
1 463 746
1 388 815
744 487
Available-for-sale investment
18 444
18 444
18 444
Listed investments
36 296
37 182
–
Managed funds and deposits
59 976
411 934
–
Investment in associates
38 823
24 477
14 873
Deferred income tax assets
82 865
104 862
95 637
Current assets
1 141 608
850 640
569 738
Trade and other receivables
320 236
365 004
228 884
Inventory
73 376
72 310
6 803
Current tax asset
25 235
19 821
–
Receivables from associates and joint venture
13 388
20 437
–
Cash, managed funds and deposits
709 373
373 068
334 051
Non-current asset held for sale
–
–
24 788
Total assets
3 068 880
3 040 716
1 585 606
EQUITY AND LIABILITIES
Capital and reserves
1 793 694
1 047 979
1 104 149
Issued ordinary share capital
18 686
18 686
17 821
Share premium
999 058
970 358
525 633
Share-based payment reserve
–
26 604
20 160
Treasury shares
(2 324)
(2 324)
(2 324)
Conditional put option reserve
0
(727 960)
–
Foreign currency translation reserve
3 454
7 027
2 204
Distributable reserve
774 820
755 588
540 655
Non-controlling interest
585 359
515 603
62 930
Total equity
2 379 053
1 563 582
1 167 079
Non-current liabilities
135 778
977 573
86 252
Deferred income tax liabilities
100 627
82 390
54 822
Non-current provisions
8 350
8 350
8 350
Post-employment medical obligations
2 771
2 691
3 134
Second tranche payment
–
134 893
–
Conditional put option obligation
–
727 960
–
Deferred payment
5 051
–
–
Accrual for straight lining of leases
18 979
21 289
19 946
Current liabilities
554 049
499 561
332 275
Provisions
8 947
9 755
9 211
Borrowings
–
–
61 224
Second tranche payment
194 475
–
Trade and other payables
264 394
383 029
146 317
Taxation
–
–
4 418
Employment benefit provisions
86 233
106 777
111 105
Total liabilities
689 827
1 477 134
418 527
Total equity and liabilities
3 068 880
3 040 716
1 585 606
RESULTS AT A GLANCE CONTINUED