| |
| |
30 June 2017
R’000 |
|
30 June 2017
R’000 |
|
| Profit/(loss) before tax |
538 446 |
|
366 657 |
|
168 018 |
|
(25 948) |
|
| Adjustments for: |
|
|
|
|
|
|
|
|
| Dividends received |
– |
|
– |
|
(119 784) |
|
(35 650) |
|
| Finance income |
(36 731) |
|
(39 621) |
|
(3 492) |
|
(15 608) |
|
| Finance cost |
1 862 |
|
46 667 |
|
1 490 |
|
1 547 |
|
| Bad debts written off |
3 673 |
|
2 532 |
|
– |
|
– |
|
| Increase/(decrease) in provision for bad debts |
11 690 |
|
7 444 |
|
– |
|
– |
|
| Net actuarial (gains)/losses |
(107) |
|
80 |
|
– |
|
– |
|
| Depreciation |
51 109 |
|
45 098 |
|
– |
|
– |
|
| Fair value gains |
(8 612) |
|
(23 152) |
|
(8 612) |
|
(22 734) |
|
| Fair value of contingent consideration |
– |
|
59 582 |
|
– |
|
59 582 |
|
| Amortisation of intangible assets |
89 603 |
|
86 450 |
|
– |
|
– |
|
| Impairment provision on investments and loans |
1 667 |
|
3 211 |
|
– |
|
(850) |
|
| Straight-lining of leases |
(3 069) |
|
(80) |
|
– |
|
– |
|
| (Profit)/loss on disposal of investment |
3 428 |
|
681 |
|
(5 442) |
|
– |
|
| Interest relating to deferred payment balance |
518 |
|
– |
|
– |
|
– |
|
| Share-based payment expense |
3 501 |
|
2 096 |
|
– |
|
– |
|
| Impairment of intangible assets |
– |
|
16 640 |
|
– |
|
– |
|
| Share of profit from associates |
(23 626) |
|
(14 306) |
|
– |
|
– |
|
| Cash flow before working capital changes |
633 352 |
|
559 979 |
|
32 178 |
|
(39 661) |
|
| Working capital changes |
(80 657) |
|
(109 092) |
|
(25 198) |
|
17 110 |
|
| Trade and other receivables |
(40 105) |
|
36 809 |
|
(129) |
|
535 |
|
| Provisions |
(38 695) |
|
(23 662) |
|
(9 314) |
|
4 541 |
|
| Inventory |
(10 156) |
|
(1 066) |
|
– |
|
– |
|
| Trade and other payables |
8 299 |
|
(121 173) |
|
(15 755) |
|
12 034 |
|
|
|
|
|
|
|
|
|
|
| Cash generated from operations |
552 695 |
|
450 887 |
|
6 980 |
|
(22 551) |
|