Senwesbel Condensed Annual Report 2020

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS AT 30 APRIL 2020 ASSETS GROUP 2020 R’m 2019 R’m COMPANY 2020 R’m Non-current assets Property, plant and equipment 2 013 1 438 - - Investment properties 1 - - - Right-of-use assets 37 - - - Goodwill and intangible assets 41 9 - - Investment in subsidiary - - 1 057 1 052 Investment in joint ventures 185 227 - - Investment in associate 31 28 - - Other financial assets 2 5 - - Long-term portion of other loans receivable 510 6 - - Loans and other receivables 1 226 1 204 - - Deferred tax asset 30 24 2 - Total non-current assets 4 076 2 941 1 059 1 052 Current assets Inventory 882 609 - - Trade and other receivables 3 735 2 881 - - Other loans receivable 7 28 - - Inventory held to satisfy firm sales 105 234 - - Derivative financial instruments 86 52 - - Tax receivable - 7 - - Cash and short-term deposits 174 31 - - Total current assets 4 989 3 842 - - TOTAL ASSETS 9 065 6 783 1 059 1 052 EQUITY AND LIABILITIES Equity Issued capital 13 5 13 5 Share premium 498 498 498 498 Non-distributable reserve 78 78 78 78 Reserves 40 45 384 386 Retained earnings 1 070 981 (45) (55) Own equity 1 699 1 607 928 912 Non-controlling interest 1 702 1 243 - - Total equity 3 401 2 850 928 912 Non-current liabilities Interest-bearing loans 670 1 002 - - Other financial liabilities 35 59 - - Lease liabilities 29 - - - Deferred government grants 10 - - - Deferred tax liability 319 310 111 108 Total non-current liabilities 1 063 1 371 111 108 Current liabilities Trade and other payables 793 538 - 1 Contract liabilities 9 39 - - Interest-bearing loans 3 467 1 837 - - Other loans payable 64 46 - - Derivative financial instruments 72 30 - - Tax payable 15 - - - Short-term incentive bonuses 24 26 - - Bank overdraft 129 31 20 31 Short-term portion of lease liabilities 10 - - - Short-term portion of deferred government grants 1 - - - Provisions 17 15 - - Total current liabilities 4 601 2 562 20 32 Total liabilities 5 664 3 933 131 140 TOTAL EQUITY AND LIABILITIES 9 065 6 783 1 059 1 052 2019 R’m Senwesbel Limited Reg nr: 1996/017629/06 SENWESBEL CONDENSED ANNUAL REPORT 2020 8

Senwesbel Condensed Annual Report 2020 | Page 9