UNAUDITED INTERIM RESULTS
FOR THE SIX MONTHS ENDED 31 DECEMBER 2023
| Unaudited six months ended 31 December 2023 R'000 |
Restated* Unaudited six months ended 31 December 2022 R'000 |
Audited year ended 30 June 2023 R'000 |
|
| ASSETS | |||
| Non-current assets | 4 088 181 | 4 062 033 | 4 141 185 |
| Property and equipment | 338 880 | 360 267 | 340 819 |
| Land and buildings | 304 309 | 313 551 | 307 052 |
| Right-of-use assets | 165 523 | 129 751 | 191 065 |
| Investment property | 10 731 | 7 631 | 10 731 |
| Goodwill (NOTE 1) | 1 558 496 | 1 558 496 | 1 558 496 |
| Intangible assets (NOTE 1) | 1 490 523 | 1 505 818 | 1 487 045 |
| Investment in associates and joint ventures | 36 425 | 40 422 | 49 148 |
| Deferred tax assets | 77 366 | 53 315 | 82 881 |
| Other financial assets | 102 468 | 88 602 | 109 521 |
| Deferred payment asset | 3 460 | 4 180 | 4 427 |
| Current assets | 1 472 208 | 1 660 811 | 1 418 660 |
| Inventory | 464 329 | 463 739 | 444 562 |
| Trade and other receivables | 776 005 | 981 779 | 740 695 |
| Current tax assets | 42 577 | 60 136 | 43 640 |
| Cash and cash equivalents (NOTE 4) | 189 297 | 155 157 | 189 763 |
| Total assets | 5 560 389 | 5 722 844 | 5 559 845 |
| EQUITY AND LIABILITIES | |||
| Capital and reserves | 3 623 015 | 2 402 802 | 3 442 917 |
| Issued share capital | 21 324 | 18 928 | 21 294 |
| Share premium | 2 537 411 | 1 109 032 | 2 525 687 |
| Retained income | 1 033 012 | 1 200 902 | 859 252 |
| Share-based payment reserve | 29 694 | 22 250 | 34 115 |
| Treasury shares | (1 162) | (1 162) | (1 162) |
| Capital contribution by non-controlling interest | — | 55 874 | — |
| Cash flow hedge reserve | — | — | 1 530 |
| Foreign currency translation reserve | 2 736 | (3 022) | 2 201 |
| Non-controlling interest | 51 752 | 993 039 | 55 950 |
| Total equity | 3 674 767 | 3 395 841 | 3 498 867 |
| Non-current liabilities | 905 018 | 965 870 | 946 614 |
| Deferred tax liabilities | 216 693 | 234 730 | 223 131 |
| Non-current provisions | 16 970 | 16 940 | 16 970 |
| Post-employment medical obligations | 1 823 | 1 915 | 1 825 |
| Lease liabilities | 150 802 | 107 966 | 176 683 |
| Borrowings (NOTE 2) | 518 730 | 523 907 | 528 005 |
| Contingent consideration | — | 80 412 | — |
| Current liabilities | 980 604 | 1 361 133 | 1 114 364 |
| Employment benefit liabilities | 80 174 | 44 717 | 106 276 |
| Trade and other payables | 608 991 | 812 199 | 610 588 |
| Provisions | 11 879 | 11 117 | 16 695 |
| Current tax liabilities | 8 664 | 10 870 | 9 031 |
| Lease liabilities | 63 240 | 63 560 | 67 644 |
| Borrowings (NOTE 2) | 120 000 | 120 000 | 120 000 |
| Bank overdraft (NOTE 4) | 2 656 | 298 670 | 104 007 |
| Contingent consideration | 85 000 | — | 80 123 |
| Total liabilities | 1 885 622 | 2 327 003 | 2 060 978 |
| Total equity and liabilities | 5 560 389 | 5 722 844 | 5 559 845 |
| * | Refer to note 3.1 for details of the restatement. |