Notes to the Company annual financial statements l Note 16

     2017 
R’000 
      2016 
R’000 
    
16. Operating (loss)/profit             
  The following items have been charged/(credited), in arriving at operating            
  profit/(loss):            
  Acquisition-related costs 23 003      21 639     
  Audit fees – other —      134     
  Audit fees – services as auditors 5 699      7 355     
  Consulting fees 5 405      6 882     
  Foreign exchange loss 19 800      —     
  Foreign exchange profit** —      (26 049)    
  Contingent purchase price release (refer to note 2)** (4 698)     (30 924)    
  Impairment of loans and investments* 66 479      2 496     
  Reversal of impairment of loans and investments —      (157 914) ***  
  Insurance 920      899     
  Legal fees 197      198     
  Operating lease rentals – premises (1 166)     (897)    
  Rental paid 16 662      13 507    
  Rental recovery (17 828)     (14 404)    
  Overseas travel 3 019      2 166     
  Loss on disposal of property and equipment 54         
  Profit on disposal of subsidiary —      (900)    
  * An impairment loss of R0.1 million (2016: R2.5 million) was recognised in the current year relating to the impairment of a related party loan in line with our stated accounting policies (refer to note 22). The related-party loan has been fully impaired due to the continuing trading losses in these entities which are not considered to be immediately recoverable. An impairment loss of R66.4 million was recognised in the current year relating to the impairment of investments in line with our stated accounting policies. The impairment arose due to the impairment indicators of these assets. Value-in-use calculations were performed on these assets and the relevant provisions for impairment raised. Refer to note 4.1 of the Group financial statements.
  ** Included in other income.
  *** The reversal of impairment relates to the investment in Cellfind SA Proprietary Limited of R141.8 million and the investment in Datacel Direct Proprietary Limited of R16.1 million. The reversal arose due to the impairment indicators of these assets no longer being applicable. Value-in-use calculations were performed on these assets and their provisions for impairment reversed. Refer to note 4.1 of the Group financial statements.

Notes to the Company annual financial statements l Note 16