| Notes to the Company annual financial statements l Note 16 |
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2017
R’000 |
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2016
R’000 |
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The following items have been charged/(credited), in arriving at operating |
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profit/(loss): |
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Acquisition-related costs |
23 003 |
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21 639 |
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Audit fees – other |
— |
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134 |
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Audit fees – services as auditors |
5 699 |
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7 355 |
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Consulting fees |
5 405 |
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6 882 |
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Foreign exchange loss |
19 800 |
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— |
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Foreign exchange profit** |
— |
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(26 049) |
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Contingent purchase price release (refer to note 2)** |
(4 698) |
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(30 924) |
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Impairment of loans and investments* |
66 479 |
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2 496 |
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Reversal of impairment of loans and investments |
— |
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(157 914) |
*** |
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Insurance |
920 |
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899 |
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Legal fees |
197 |
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198 |
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Operating lease rentals – premises |
(1 166) |
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(897) |
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Rental paid |
16 662 |
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13 507 |
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Rental recovery |
(17 828) |
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(14 404) |
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Overseas travel |
3 019 |
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2 166 |
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Loss on disposal of property and equipment |
54 |
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4 |
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Profit on disposal of subsidiary |
— |
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(900) |
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* |
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. |
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** |
Included in other income. |
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*** |
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 |
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