SENWES ANNUAL FINANCIAL STATEMENTS 2022
6.3.5 NviroTek Laboratories ( Pty ) Ltd
Senwes holds an 82 % share in NviroTek Laboratories ( Pty ) Ltd (" NviroTek ") through its wholly owned subsidiary , Africum ( Pty ) Ltd (" Africum "). NviroTek ’ s core business is providing laboratory services to the agricultural market . The financial year-end is the same as Senwes ' financial year-end . The registered office of the company is the same as Senwes ' registered office .
The following is the summarised financial information :
Financial position Non-current assets 45 47 Current assets , excluding bank and cash 34 13 Cash and cash equivalents 1 3 Trade payables
2022 R ' m
2021 R ' m
( 9 ) ( 7 ) Current financial liabilities , excluding trade payables ( 5 ) - Non-current liabilities
- ( 2 ) Equity attributable to subsidiary 66 54 Attributable to : Equity holders of the parent 54 44 Non-controlling interest 12 10 Non-controlling interest relating to group equity adjustments 2 2
Financial results Revenue 73 66 Cost of sales
( 13 ) ( 11 ) Other income 2 - Depreciation Expenses
( 4 ) ( 4 )
( 42 ) ( 36 ) Profit before tax 16 15 Tax
( 3 ) ( 4 ) Profit after tax 13 11 Non-controlling interest share in profit or loss 2 -
Summarised cash flows are as follows : Generated from operating activities 17 14 Generated from /( used in ) investing activities 2 ( 5 ) Used in financing activities
( 21 ) ( 2 ) Net ( decrease )/ increase in cash flows ( 2 ) 7
7 . OTHER FINANCIAL ASSETS AND LIABILITIES
7.1 Financial assets 7.1.1 Other financial assets
GROUP 2022 R ' m
2021 R ' m
COMPANY 2022 R ' m Financial assets at fair value through other comprehensive income 4 4 - -
At group level the financial assets include a 10,7 % investment held in Oos-Transvaal Kalkverskaffers ( Pty ) Ltd of R4 million .
Current |
- |
1 |
- |
-
|
Non-current |
4 |
3 |
- |
-
|
2021 R ' m
36
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