| |
Restated**
2018
R’000 |
|
| Reconciliation of operating profit to cash generated by operating activities: |
|
|
|
|
| Operating profit |
209 664 |
|
1 097 549 |
|
| Adjustments for: |
|
|
|
|
| Depreciation of property, plant and equipment |
72 964 |
|
46 144 |
|
| Amortisation of intangible assets |
203 429 |
|
138 972 |
|
| Fair value gain on financial instruments |
(18 765) |
|
(51 001) |
|
| Fair value loss on financial instruments |
873 877 |
|
45 360 |
|
| Fair value uplift on conversion from an associate to a subsidiary |
(27 741) |
|
— |
|
| Impairment of intangible assets |
5 111 |
|
338 |
|
| Impairment of property, plant and equipment |
2 002 |
|
3 800 |
|
| Impairment of goodwill |
124 400 |
|
— |
|
| Impairment of loans |
163 663 |
|
142 069 |
|
| Impairment of inventory |
5 024 |
|
5 489 |
|
| Discounting of receivables |
2 647 |
|
3 472 |
|
| Discounting of loans and other payables |
(14 825) |
|
(73 697) |
|
| Surety receivable recognised |
(29 998) |
|
(55 005) |
|
| Loan release* |
— |
|
(11 349) |
|
| Profit on disposal of property, plant and equipment |
(761) |
|
(1 784) |
|
| Profit on disposal of subsidiary |
— |
|
(2 824) |
|
| Foreign currency translation reserve recycled on disposal of subsidiary |
(144) |
|
(3 098) |
|
| Contingent purchase price release |
— |
|
(1 390) |
|
| Equity compensation benefit expense |
7 726 |
|
23 862 |
|
| B-BBEE charge |
— |
|
1 400 |
|
| Net unrealised forex (profit)/loss |
(34 284) |
|
9 795 |
|
| Changes in working capital (excluding the effects of acquisitions and disposals): |
|
|
|
|
| (Increase)/decrease in inventories |
(864 165) |
|
1 712 311 |
|
| Increase in trade and other receivables |
(434 190) |
|
(566 585) |
|
| Increase in trade and other payables |
207 740 |
|
1 050 550 |
|
| (Increase)/decrease in advances to customers |
(22 087) |
|
74 401 |
|
| |
431 287 |
|
3 588 779 |
|