6 . |
INVESTMENT IN COMPANIES |
6.1 . |
Investment in subsidiary |
COMPANY
| ||||||||
% Interest
|
Total shares
|
Cost price ( R ' m )
|
Total net investment ( R ' m )
|
|||||
2021
|
2020 |
2021
|
2020 |
2021
|
2020 |
2021
|
2020 |
|
Senwes Ltd |
74.37 % |
53.16 % |
134 450 748 |
96 106 723 |
944 |
562 |
1 546 |
1 057 |
Non-current assets |
4 159 |
3 352 |
|
Current assets excl bank and cash |
6 286 |
4 815 |
|
Cash and cash equivalents |
18 |
65 |
|
Trade payables |
( 1 855 ) |
( 791 ) |
|
Current liabilities excluding trade payables |
( 4 806 ) |
( 3 679 ) |
|
Non-current liabilities |
( 467 ) |
( 859 ) |
|
Equity |
3 335 |
2 903 |
Financial results Revenue |
7 575 |
4 803 |
|
Cost of sales and the cost of generating finance income |
( 4 933 ) |
( 3 027 ) |
|
Gain on bargain purchase of subsidiary |
124 |
56 |
|
Gain on disposal of investment in joint venture |
28 |
- |
|
Distribution , sales and administrative expenses |
( 1 912 ) |
( 1 273 ) |
|
Credit loss expense on financial assets |
( 28 ) |
( 8 ) |
|
Finance income |
5 |
4 |
|
Finance costs |
( 102 ) |
( 90 ) |
|
Share of profit /( loss )/ from joint ventures |
14 |
( 19 ) |
|
Profit before tax |
771 |
446 |
|
Taxation |
( 176 ) |
( 109 ) |
|
Profit for the year after tax from continuing operations |
595 |
337 |
|
Profit attributable to : Equity holders of the parent |
526 |
303 |
|
Non-controlling interest |
69 |
34 |
|
Other comprehensive income to be reclassified to profit or loss in subsequent periods , |
|||
net of tax |
2 |
( 1 ) |
|
Fair value adjustments of other financial assets |
2 |
( 2 ) |
|
Share of other comprehensive income of joint venture |
- |
1 |
|
Total comprehensive income for the year , net of tax |
597 |
336 |
|
Summarised cash flows are as follows : ( Used in )/ generated from operating activities |
( 12 ) |
994 |
|
Used in investing activities |
( 330 ) |
( 927 ) |
|
Used in financing activities |
( 178 ) |
( 33 ) |
|
Net ( decrease )/ increase in cash flows |
( 520 ) |
34 |