GROUP |
COMPANY |
|||
2021 R ' m |
2020 R ' m |
2021 R ' m |
2020 R ' m |
|
Profit before tax |
766 |
439 |
75 |
51 |
Non-cash adjustments to reconcile profit before tax to net cash flows : |
140 |
100 |
( 79 ) |
( 56 ) |
Foreign exchange profit |
1 |
( 4 ) |
- |
- |
Depreciation |
142 |
95 |
- |
- |
Non-cash movement in provisions |
64 |
( 34 ) |
- |
- |
Finance costs |
104 |
92 |
2 |
2 |
Finance income |
( 6 ) |
( 4 ) |
( 1 ) |
- |
Reversal of impairment on investments and loans |
( 6 ) |
( 12 ) |
- |
- |
( Profit )/ loss from joint ventures and associate |
( 14 ) |
19 |
- |
- |
Profit on disposal of financial assets |
- |
- |
( 20 ) |
- |
AgriRewards conversion profit |
- |
( 9 ) |
- |
- |
Profit on disposal of property , plant and equipment |
( 37 ) |
( 2 ) |
- |
- |
Impairment of property , plant and equipment and goodwill |
40 |
2 |
- |
- |
Gain on bargain purchase of acquisitions |
( 124 ) |
( 56 ) |
- |
- |
Other operating income : dividends received |
- |
- |
( 60 ) |
( 58 ) |
Fair value adjustment of equity interest in joint venture |
( 28 ) |
( 2 ) |
- |
- |
Deferred government grant movement through profit or loss |
( 3 ) |
( 2 ) |
- |
- |
Equity-settled share-based payment expense |
7 |
17 |
- |
- |
Cash from /( used in ) operating activities |
906 |
539 |
( 4 ) |
( 5 ) |
GROUP |
COMPANY |
|||
2021 R ' m |
2020 R ' m |
2021 R ' m |
2020 R ' m |
|
Decrease in inventory |
160 |
161 |
- |
- |
Increase in trade and other receivables |
( 13 ) |
( 688 ) |
- |
- |
Decrease in inventory held to satisfy firm sales |
95 |
129 |
- |
- |
Increase /( Decrease ) in trade and other payables |
111 |
( 86 ) |
1 |
- |
Increase /( Decrease ) in contract liabilities |
21 |
( 30 ) |
- |
- |
( Decrease )/ Increase in interest-bearing current loans |
( 940 ) |
1 276 |
- |
- |
Changes in working capital |
( 566 ) |
762 |
1 |
- |
GROUP |
COMPANY |
|||
2021 R ' m |
2020 R ' m |
2021 R ' m |
2020 R ' m |
|
Tax receivable /( payable ) at the beginning of the period |
( 15 ) |
7 |
- |
- |
Deferred tax ( liability )/ asset at the beginning of the period |
- |
- |
- |
- |
Amounts debited in profit and loss |
( 165 ) |
( 143 ) |
* |
- |
Tax movement not through profit or loss due to business combinations |
34 |
4 |
- |
- |
Deferred tax liability at the end of the period |
- |
- |
- |
- |
Tax payable /( receivable ) at the end of the period |
3 |
15 |
( 3 ) |
- |
Tax paid |
( 143 ) |
( 117 ) |
( 3 ) |
- |
* Amount is less than R0,5 million and excludes the deferred tax expense . |