|
|
|
2020
R’000 |
| Reconciliation of operating profit including discontinued operations to cash generated by operating activities: |
|
| |
| Operating profit from: |
|
| |
| – Continuing operations |
|
1 171 390 |
636 050 |
| – Discontinued operations |
|
34 858 |
9 083 |
| Adjustments for: |
|
| |
| Depreciation of property, plant and equipment |
|
67 071 |
78 924 |
| Depreciation on leased assets |
|
29 392 |
43 833 |
| Amortisation of intangible assets |
|
170 177 |
151 681 |
| Fair value gain on financial instruments |
|
(69 304) |
(222 388) |
| Fair value loss on financial instruments |
|
6 938 |
332 105 |
| Impairment of goodwill relating to disposal groups |
|
– |
53 232 |
| Impairment of property, plant and equipment |
|
5 559 |
65 701 |
| Impairment of intangible assets |
|
754 |
– |
| Impairment of goodwill |
|
– |
259 170 |
| Impairment of loans |
|
8 851 |
13 338 |
| Impairment of inventory |
|
2 149 |
43 038 |
| Impairment on leased assets |
|
439 |
30 712 |
| Discounting of receivables |
|
– |
2 708 |
| Discounting of loans and other payables |
|
– |
(7 654) |
| Fair value loss/(gain) on surety receivable |
|
21 116 |
(19 826) |
| Lease modification expense |
|
(27 575) |
13 122 |
| Loss on disposal of joint venture |
|
1 990 |
– |
| Profit on disposal of property, plant and equipment |
|
(1 016) |
(2 679) |
| Profit on disposal of subsidiaries |
|
– |
(528) |
| Profit on disposal of joint venture |
|
(65 066) |
– |
| Profit on disposal of intangible assets |
|
– |
(10 746) |
| Provision relating to the closure of WiConnect |
|
(6 912) |
28 292 |
Foreign currency translation reserve recycled on disposal of
joint venture |
|
(52 538) |
– |
| Equity compensation benefit expense |
|
27 823 |
9 358 |
| Net unrealised forex (profit)/loss |
|
(9 113) |
10 166 |
Changes in working capital (excluding the effects of acquisitions
and disposals): |
|
| |
| (Increase)/decrease in inventories |
|
(391 146) |
795 224 |
| Decrease/(increase) in trade and other receivables |
|
172 395 |
(147 642) |
| Increase/(decrease) in trade and other payables |
|
771 841 |
(396 806) |
| Increase in advances to customers |
|
(130 214) |
(64 977) |
|
|
| 1 739 859 |
1 702 491 |