8.1.4 Hinterland Holdings (Pty) Ltd (Group) (Continued)
2020
R’m
2019
R’m
The revenue and loss of Hinterland Group are as follows:
Revenue 2 435 3 054
Cost of sales (1 934) (2 514)
Operating expenses, excluding depreciation and amortisation (503) (516)
Depreciation and amortisation (37) (26)
Other income 17 18
Investment income 3 11
Finance costs (44) (49)
Loss before tax (63) (22)
Tax (15) 3
Loss after tax (78) (19)
Loss attributable to:
Owners of the parent (79) (17)
Non-controlling interest 1 (2)
Reconciliation of group's share of loss/(profit) for the year
Group’s share of loss for the year (38) (11)
50% of loss for the year (40) (9)
Deferred tax asset derecognised 2 (2)
Summarised cash flows of Hinterland Group are as follows:
Generated from/(used in) operating activities 92 (24)
Used in investment activities (48) (38)
(Used in)/generated from financing activities (36) 57
Net increase/(decrease) in cash flows 8 (5)
Senwesbel Limited Reg no: 1996/017629/06 SENWESBEL ANNUAL FINANCIAL STATEMENTS 2020 40