2019 Integrated Annual Report

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Group statement of financial position

As at 31 May 2019

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    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.