Senwes Annual Financial Statements 2022 | Page 13

SENWES ANNUAL FINANCIAL STATEMENTS 2022

Statutory Directors ' Report

1 . Main objectives The main objectives of the group are as follows : * To supply primary agricultural input products and services , including financial services . * To provide market access for agricultural produce . * The processing and conditioning of agricultural produce and delivery to the market .

2 . Change in nature of activities There were no material changes in the nature of the business of the group during the financial year .

3 . Subsidiaries and other financial assets Details of the company ’ s interest in subsidiaries , associates , joint ventures and other financial assets are set out in notes 6 to 8 of the annual financial statements . A significant change during the year relate to the acquisition of the SENWK Group ( previously accounted for as a joint venture ), as a subsidiary of the Senwes Group .

4 . Results The net profit after tax of the group attributable to equity holders for the year under review amounted to R601 million ( 2021 : R504 million ). The summarised results are as follows :

Refer to note 1 of the financial statements for a full segmental analysis .

Refer to the report of the chief financial officer in the integrated report for a comprehensive overview on the results of the operating units .

5 . Dividends The board proposed that a final dividend of 34 cents per share ( 2021 : 32 cents per share ) be declared as well as a special dividend of 56 cents per share ( 2021 : 26 cents per share ). An interim dividend of 34 cents per share was paid in January 2022 ( 2021 : 32 cents per share ). Refer to note 25.2 for dividends paid and proposed .

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