| Notes to the Group annual financial statements l
Note 1.6 |
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| 1.6 |
Cash generated by operations |
| |
|
|
|
|
|
|
| |
2017
R’000 |
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|
2016
R’000 |
|
| Reconciliation of operating profit to cash generated by operating activities: |
|
|
|
|
|
| Operating profit |
1 218 472 |
|
|
1 142 376 |
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| Adjustments for: |
|
|
|
|
|
| Depreciation of property, plant and equipment |
44 684 |
|
|
42 738 |
|
| Amortisation of intangible assets |
143 109 |
|
|
130 353 |
|
| Impairment of intangible assets |
— |
|
|
2 568 |
|
| Discounting of receivables recognised in revenue |
163 069 |
|
|
129 633 |
|
| Discounting of payables recognised in changes in inventories of finished goods |
(197 509) |
|
|
(165 903) |
|
| Impairment of inventory |
1 178 |
|
|
— |
|
| Impairment of loans |
4 001 |
|
|
— |
|
| Loss/(profit) on disposal of property, plant and equipment |
30 |
|
|
(500) |
|
| Loss on disposal of intangible assets |
— |
|
|
4 |
|
| Loss on disposal of subsidiary |
— |
|
|
3 885 |
|
| Contingent purchase price release |
(10 210) |
|
|
(48 120) |
|
| Equity compensation benefit expense |
23 417 |
|
|
23 845 |
|
| Net unrealised forex loss/(profit) |
47 157 |
|
|
(68 857) |
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| Changes in working capital (excluding the effects of acquisitions and disposals): |
|
|
|
|
|
| Increase in inventories |
(518 909) |
|
|
(225 756) |
|
| (Increase)/decrease in trade and other receivables |
(105 132) |
|
|
52 252 |
|
| Increase/(decrease) in trade and other payables |
945 075 |
|
|
(271 764) |
|
| Increase in loans receivable |
(5 405) |
|
|
(1 281) |
|
| Decrease/(increase) in starter pack assets |
964 |
|
|
(1 288) |
|
| |
1 753 991 |
|
|
744 185 |
|
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| Notes to the Group annual financial statements l Note 1.6 |
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