2024

ANNUAL FINANCIAL STATEMENTS

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INTEGRATED ANNUAL REPORT ANNUAL FINANCIAL STATEMENTS

CONSOLIDATED AND SEPARATE STATEMENTS OF FINANCIAL POSITION as at 30 June 2024

    Group Company
  Notes 2024
R’000		 Restated*
2023  
R’000  		 Restated*
1 July  
2022  
R’000  		 2024 
R’000 		 2023 
R’000 
ASSETS            
NON-CURRENT ASSETS            
Property and equipment 5.1 591 652 647 871   697 618   –  – 
Right of use assets 5.3 142 572 191 065   147 964   –  – 
Investment property 6 12 500 10 731   7 631   –  – 
Intangible assets 7 2 804 199 3 045 541   3 076 336   –  – 
Investments in associates and joint ventures 9 8 732 49 148   33 340   –  – 
Investment in subsidiaries 10 – –   –   1 847 163  1 847 163 
Deferred tax assets 11 132 015 82 881   77 072   –  – 
Other financial assets 13 27 719 39 928   19 117   –  – 
Insurance contract assets 35 67 644 69 978   56 154   –  – 
Deferred payment assets   3 673 4 427   –   –  – 
TOTAL NON-CURRENT ASSETS   3 790 706 4 141 570   4 115 232   1 847 163  1 847 163 
CURRENT ASSETS            
Inventories  12 449 079 444 562   431 764   –  – 
Trade and other receivables 8.2 786 276 740 695   724 321   4 887  17 580 
Current tax assets   53 235 43 640   27 235   –  18 
Cash and cash equivalents 8.3 330 259 189 763   138 589   4 274  3 755 
TOTAL CURRENT ASSETS   1 618 849 1 418 660   1 321 909   9 161  21 353 
TOTAL ASSETS   5 409 555 5 560 230   5 437 141   1 856 324  1 868 516 
EQUITY AND LIABILITIES            
EQUITY            
Issued share capital 14.1 21 324 21 294   18 909   21 324  21 294 
Share premium 14.2 2 537 411 2 525 687   1 094 876   2 537 411  2 525 687 
Retained income/(Accumulated loss)   793 605 859 637   1 245 500   (815 472) (763 849)
Other reserves 15 17 656 36 684   23 085   24 468  34 115 
Capital contribution by non-controlling interest   – –   55 874   –  – 
TOTAL EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENT   3 369 996 3 443 302   2 438 244   1 767 731  1 817 247 
Non-controlling interests  16 31 189 55 950   987 772   –  – 
TOTAL EQUITY   3 401 185 3 499 252   3 426 016   1 767 731  1 817 247 
LIABILITIES            
NON-CURRENT LIABILITIES            
Deferred tax liabilities 11 259 628 223 131   242 367   –  – 
Other liabilities 37 1 680 18 795   18 886   –  – 
Lease liabilities 8.6 111 750 176 683   127 790   –  – 
Borrowings 8.5 569 853 528 005   531 082   –  – 
Loans from group company 8.7 – –   –   78 700  38 474 
Contingent consideration 31 – –   75 798   –  – 
TOTAL NON-CURRENT LIABILITIES   942 911 946 614   995 923   78 700  38 474 
CURRENT LIABILITIES            
Employment benefit liabilities  17 182 347 106 276   143 122   –  – 
Trade and other payables 8.4 749 849 627 283   647 820   9 871  12 795 
Current tax liabilities   9 374 9 031   19 161   22  – 
Lease liabilities 8.6 65 336 67 644   68 610   –  – 
Borrowings 8.5 58 553 120 000   120 000   –  – 
Deferred payment   – –   14 139   –  – 
Bank overdraft 8.3 – 104 007   2 350   –  – 
Contingent consideration 31 – 80 123   –   –  – 
TOTAL CURRENT LIABILITIES   1 065 459 1 114 364   1 015 202   9 893  12 795 
TOTAL LIABILITIES   2 008 370 2 060 978   2 011 125   88 593  51 269 
TOTAL EQUITY AND LIABILITIES   5 409 555 5 560 230   5 437 141   1 856 324  1 868 516 
* Refer to Note 34 for details on the restatements and Note 35 for transitioning to IFRS 17.