Blue Label Telecoms Integrated Annual Report 2019

Blue Label annual financial statements 2019 25 Group statement of financial position As at 31 May 2019 Notes 31 May 2019 R’000 Restated* 31 May 2018 R’000 Restated* 1 June 2017 R’000 ASSETS Non-current assets 3 477 070 9 412 758 2 070 547 Property, plant and equipment 4.3 237 657 137 120 111 599 Intangible assets 4.2 1 083 328 1 076 871 511 164 Goodwill 4.1 1 234 995 1 036 243 604 590 Investments in and loans to associates and joint ventures 2.1 218 842 6 684 585 731 788 Loans receivable 3.5.1 41 760 53 270 36 851 Trade and other receivables 3.5.2 — 22 757 47 858 Advances to customers 3.5.3 584 440 356 689 — Deferred taxation assets 7.2 76 048 45 223 26 697 Current assets 8 604 302 8 526 636 6 498 626 Loans to associate 2.1 — 1 029 626 — Inventories 4.4 1 514 649 597 946 2 180 121 Loans receivable 3.5.1 190 769 207 799 188 229 Trade and other receivables 3.5.2 4 257 266 4 292 970 2 767 475 Advances to customers 3.5.3 1 032 657 1 238 321 — Financial asset at fair value through profit and loss 3.7 204 739 168 144 — Current tax assets 18 626 43 942 12 135 Cash and cash equivalents 3.5.4 1 385 596 947 888 1 350 666 Total assets 12 081 372 17 939 394 8 569 173 EQUITY AND LIABILITIES Capital and reserves 2 491 562 9 515 085 4 867 074 Issued share capital and premium 7 599 016 7 844 847 3 953 871 Other reserves 6.2 (2 824 740) (2 814 202) (2 709 176) Retained earnings (2 405 031) 4 327 523 3 555 242 Total ordinary shareholders’ equity 2 369 245 9 358 168 4 799 937 Non-controlling interest 122 317 156 917 67 137 Non-current liabilities 1 951 920 1 743 240 49 391 Deferred taxation liabilities 7.2 236 400 229 100 49 391 Borrowings 3.6.2 1 715 520 1 514 140 — Current liabilities 7 637 890 6 681 069 3 652 708 Trade and other payables 3.6.1 5 371 386 4 990 798 3 543 779 Financial guarantee contracts 3.6.3 243 492 — — Provisions 4.5 24 947 39 628 35 071 Financial liabilities at fair value through profit and loss 3.7 460 354 143 307 — Current tax liabilities 9 104 50 368 55 832 Borrowings 3.6.2 1 520 764 1 456 968 18 026 Bank overdraft 3.5.4 7 843 — — Total equity and liabilities 12 081 372 17 939 394 8 569 173 * As a result of the prior year errors the Group has restated their comparative financial information. Refer to note 11 for details. The Group has reclassified advances to customers to a separate line item. In the prior year financial statements this balance was included in trade and other receivables. There were no advances to customers at 31 May 2017.