|
Group |
Company |
|
2024
R’000 |
Restated*
2023
R’000 |
2024
R’000 |
2023
R’000 |
| Profit before tax |
206 984 |
427 386 |
40 919 |
70 123 |
| PROFIT BEFORE TAX |
206 984 |
427 386 |
40 919 |
70 123 |
| ADJUSTMENTS FOR: |
|
|
|
|
| Dividends received |
– |
(105) |
(92 500) |
(107 078) |
| Bad debts recovered |
(21) |
– |
– |
– |
| Right of use assets depreciation |
52 747 |
65 380 |
– |
– |
| Interest on lease |
19 190 |
16 964 |
– |
– |
| Finance income |
(31 277) |
(21 745) |
(324) |
(275) |
| Finance income insurance |
(6 731) |
(4 092) |
– |
– |
| Finance costs |
77 045 |
77 229 |
6 064 |
2 113 |
| Bad debts written off |
12 398 |
16 332 |
– |
– |
| Increase in expected credit loss allowance |
36 482 |
41 102 |
– |
– |
| Depreciation |
94 142 |
82 976 |
– |
– |
| Fair value gains |
(1 769) |
(3 669) |
– |
– |
| Liabilities for shareholders for dividends written off |
– |
(3 321) |
– |
(3 321) |
| Amortisation of intangible assets |
192 690 |
208 823 |
– |
– |
| Intercompany non-cash transactions |
– |
– |
13 075 |
– |
| Impairment of property and equipment |
26 611 |
25 000 |
– |
– |
| Impairment of intangible assets |
230 835 |
– |
– |
– |
| Increase in inventories provision |
– |
20 287 |
– |
– |
| Impairment provision on investments and loans |
16 819 |
2 115 |
– |
– |
| Temporary Employee Relief Scheme provision |
2 811 |
– |
– |
– |
| Loss on disposal of tangible assets |
3 491 |
3 338 |
– |
– |
| VAT recovery |
(5 166) |
– |
– |
– |
| Write-off of intangible assets |
6 060 |
5 415 |
– |
– |
| Share-based payment expense |
3 133 |
17 837 |
124 |
17 837 |
| Insurance contract non-cash component |
2 334 |
(13 426) |
– |
– |
| Share of losses/(profits) from associates |
9 045 |
(14 051) |
– |
– |
| Finance cost – Contingent consideration |
– |
9 501 |
– |
– |
| Finance cost – Deferred payment |
754 |
861 |
– |
– |
| Other adjustments for non-cash items |
(446) |
(730) |
234 |
(108) |
| CASH FLOW BEFORE WORKING CAPITAL |
|
|
|
|
| CHANGES |
948 161 |
959 407 |
(32 408) |
(20 709) |
| WORKING CAPITAL CHANGES |
|
|
|
|
| Inventories |
(4 517) |
(33 085) |
– |
– |
| Trade and other receivables |
(97 272) |
(76 756) |
17 323 |
(17 327) |
| Trade and other payables |
122 568 |
(16 577) |
(2 924) |
1 819 |
| Provisions |
58 956 |
(36 846) |
– |
– |
| CASH GENERATED FROM OPERATIONS |
1 027 896 |
796 143 |
(18 009) |
(36 217) |
|
|
|
|
|
