In the 2019 financial period, the Group had presented the taxation receivable net of its taxation payable obligations. The restatement has been performed to reflect the gross taxation view as this is deemed to be more appropriate.

The table below illustrates the impact of the statement of financial position restatement:

In the 2019 financial period, the Group had presented the courier costs associated with the delivery of medication by Pharmacy Direct to its clients as other expenses.

Due to the nature of these expenses, presenting these costs as cost of distribution of pharmaceutical products is deemed to be more appropriate. This reclassification did not have an impact on the Group's profit nor any income statement ratios.

This has been corrected as follows:

In 2019 financial period, the Group had erroneously included "ROU Lease adjustments on profits" in the cash generated from operations note. This correction has resulted in an increase on the cash earnings per share as the calculation was based on the cash generated from operations per the note.

This has been corrected by restating as follows:

The cash earnings per share are calculated based on the cash generated from operations. In the prior year, the cash earnings per share were calculated based on an incorrectly disclosed cash generated from operations amount per the note (see Note 35.3). On the restatement of the cash generated from operations note, the cash earnings per share was recalculated resulting in an increase in the previously disclosed value.

This has been corrected by restating as follows:

In the prior year the unearned fees relating to the single exit price (SEP) pricing of the inventory at hand as at year end, were separately disclosed as merchandise provision in the inventory note, consisting of rebate agreements with vendors relating to the purchase of the Group's inventory . However these are not provisions in nature, as these rebates represent a reduction in the cost of Finished goods inventory. For improved disclosure, the prior year inventory note has been restated to reduce the cost of finished goods inventory by the unearned fees provision.

This has been corrected by restating as follow:

In the 2019 financial statements, the lease liability capital repayment was incorrectly described as the lease liability interest repayment on the cash flow from financing activities. The 2019 financial statements have been restated to reflect the correct line description.

Herewith is the effect of the restatement on the financial statements:

Extract of the statement of cash flows

This correction did not have any impact on the cash generated from financing activities, and subsequently did not have an impact on the cash and cash equivalents for the year. This correction did not have any impact on the net profit position.