AGRIBEL HOLDINGS LTD FINANCIAL REVIEW 2021
30 . ACQUISITION OF PROPERTY , PLANT AND EQUIPMENT
GROUP |
|
2021 R ' m |
2020 R ' m |
Land |
( 2 ) |
( 2 ) |
Silos |
( 7 ) |
- |
Buildings and improvements |
( 28 ) |
( 59 ) |
Machinery and equipment |
( 133 ) |
( 187 ) |
Vehicles |
( 16 ) |
( 20 ) |
Heavy vehicles |
( 2 ) |
- |
Total acquisition of property , plant and equipment |
( 188 ) |
( 268 ) |
Represented by : |
( 188 ) |
( 268 ) |
Acquisition to increase operating capacity |
( 61 ) |
( 113 ) |
Acquisition to maintain operating capacity |
( 127 ) |
( 155 ) |
2021 : Assets acquired through the acquisition of Suidwes Holdings ( Pty ) Ltd and Hinterland Holdings ( Pty ) Ltd ( refer to note 6.2 ) of R1 billion are not included the group figures as the acquisition of a subsidiary is disclosed in a separate line on the statement of cash flows .
2020 : Assets acquired through the acquisition of KLK Landbou Ltd , Falcon Agricultural Equipment ( Pty ) Ltd and Grainovation ( Pty ) Ltd ( refer to note 6.2 ) of R411 million are not included the group figures as the acquisition of a subsidiary is disclosed in a separate line on the statement of cash flows .
31 . PROCEEDS FROM DISPOSAL OF PROPERTY , PLANT AND EQUIPMENT
GROUP |
|
2021 R ' m |
2020 R ' m |
Carrying value of assets sold |
74 |
16 |
Profit from disposal |
37 |
2 |
Proceeds from disposals |
111 |
18 |
32 . OTHER LOANS RECEIVABLE / PAYABLE
GROUP |
Notes |
2021 R ' m |
2020 R ' m |
Loans from related parties Additional loans received from related parties |
7.2.1 |
|
19 |
29 |
Total repayment of loans from related parties |
|
|
( 98 ) |
- |
Repayment of loans from related parties |
7.2.1 |
|
- |
( 11 ) |
Movement in loans from related parties due to business combination |
6.2 |
|
( 98 ) |
11 |
Movement in loans from related parties |
|
|
( 79 ) |
29 |
Loans to related and third parties Total loans advanced to related and third parties |
7.1.2 |
|
( 17 ) |
( 510 ) |
Total repayment of additional loans to related and third parties |
|
|
140 |
31 |
Repayment of loans to related and third parties |
7.1.2 |
|
513 |
27 |
Adjustments to movements already considered in note 27 |
|
|
|
|
Movement in repayment of loans to related parties due to business combination |
|
( 372 ) |
|
- |
Forex |
|
( 1 ) |
|
4 |
Movement in loans to related and third parties |
|
123 |
|
( 479 ) |
33 . UNUTILISED FUNDING FACILITIES
An unutilised short-term facility of R1,3 billion ( 2020 : R1,1 billion ) is available for growth opportunities and unexpected events .
At year-end , Senwes had unpledged commodities and unencumbered assets of R27 million ( 2020 : R40 million ) and R4,7 billion ( 2020 : R4,1 billion ) respectively .
34 . STANDARDS ISSUED BUT NOT YET EFFECTIVE
At the reporting date , there are no standards issued but not yet effective which are deemed to have a material impact on the group in future periods .
35 . EVENTS AFTER THE REPORTING PERIOD
On 1 May 2021 the operations of the retail division of Hinterland SA ( Pty ) Ltd (" Hinterland SA ") was transferred into Hinterland Holdings ( Pty ) Ltd (" Hinterland Holdings "). The assets and liabilities of the retail division was transferred to the holding company and a corresponding liability was recognised as consideration payable to Hinterland SA . The Agrinet ( Pty ) Ltd (" Agrinet ") business was sold as a going concern to Hinterland SA and all of the Agrinet business operations will be conducted in Hinterland SA from 1 May 2021 . Effectively , Prodist ' s operations , which is a division of Hinterland SA , and Agrinet ' s operations merged on the effective date .
Except for the above , management is not aware of any events that has occurred from the statement of financial position date and up to the date of this report that require adjustment or disclosure in these annual financial statements .
64 AGRIBEL ANNUAL FINANCIAL REVIEW 2021 Agribel Holdings Limited Reg nr : 1996 / 017629 / 06