| Company |
|
|
|
Group |
| 2020 |
2019 |
|
(R’million) |
2020 |
2019
Restated* |
| |
|
|
5 |
Impairments and fair value losses |
|
|
| |
|
|
|
Impairment of intangible assets (refer note 13) |
(286,0) |
(212,0) |
| |
|
|
|
Impairment of property, plant and equipment (refer note 13) |
(199,2) |
(1,8) |
| |
|
|
|
Reversal of impairment of property, plant and equipment |
– |
8,7 |
| (139,5) |
(35,1) |
|
|
Fair value loss on Thusani II receivable** |
|
|
| (714,2) |
(266,6) |
|
|
Fair value loss on Foundation SPV receivable** |
|
|
| (140,0) |
– |
|
|
Impairment of interest in subsidiary (refer note 13) |
|
|
| (74,7) |
– |
|
|
Impairment of investment in associate (refer note 13) |
(117,7) |
– |
| (1 068,4) |
(301,7) |
|
|
Impairments loss before taxation |
(602,9) |
(205,1) |
| |
|
|
|
Income tax income/(expense) |
55,8 |
(1,9) |
| (1 068,4) |
(301,7) |
|
|
Attributable to shareholders in Tiger Brands Limited |
(547,1) |
(207,0) |
| |
|
|
|
| ** |
As a result of the decline in the net asset value of Thusani II
and Foundation SPV due to the devaluation of the listed
investment, the respective receivables in Thusani II and
Foundation SPV were written down. |
|
|
|
