| |
|
2024
R’000 |
|
2023
R’000 |
| Reconciliation of operating profit to cash generated by operations: |
|
|
|
|
| Operating profit |
|
1 061 596 |
|
1 126 486 |
| Adjustments for: |
|
|
|
|
| Depreciation of property, plant and equipment |
|
69 179 |
|
72 464 |
| Depreciation on leased assets |
|
13 105 |
|
30 793 |
| Amortisation of intangible assets |
|
398 228 |
|
446 300 |
| Fair value gain on financial instruments |
|
(4 846) |
|
(47 497) |
| Fair value loss on financial instruments |
|
188 |
|
11 050 |
| Impairment of intangible assets |
|
1 500 |
|
— |
| Impairment of property, plant and equipment |
|
12 417 |
|
12 145 |
| Impairment of loans |
|
124 466 |
|
69 578 |
| Impairment of inventory |
|
9 684 |
|
8 495 |
| Loan forgiveness |
|
— |
|
(2 778) |
| Fair value gain on surety receivable |
|
(2 555) |
|
(32 743) |
| Lease modification income |
|
— |
|
(86) |
| Lease incentive received |
|
— |
|
5 018 |
| Termination of lease |
|
(123) |
|
— |
| Loss on modification/derecognition of financial instruments |
|
32 576 |
|
57 453 |
| Loss/(profit) on disposal of property, plant and equipment |
|
966 |
|
(1 919) |
| Equity compensation benefit expense |
|
41 048 |
|
40 012 |
| Net unrealised forex profit |
|
— |
|
(200) |
| Changes in working capital: |
|
|
|
|
| Increase in inventories |
|
(1 583 783) |
|
(1 695 313) |
| (Increase)/decrease in trade and other receivables |
|
(76 652) |
|
655 641 |
| (Decrease)/increase in trade and other payables |
|
(270 136) |
|
37 640 |
| Decrease/(increase) in advances to customers |
|
942 522 |
|
(589 663) |
| |
|
769 380 |
|
202 876 |
