| COMPANY |
|
|
|
|
|
GROUP |
| |
|
(R’million) |
Notes |
|
| |
|
|
A |
Cash operating profit |
|
|
|
|
| |
|
|
|
Operating profit before impairment and non-operational items |
|
|
|
|
| 1 791,4 |
1 165,3 |
|
|
– Continuing operations |
|
|
2 235,5 |
2 477,5 |
| |
|
|
|
– Discontinued operations |
|
|
19,1 |
(503,1) |
| |
|
|
|
Adjusted for: |
|
|
|
|
| |
|
|
|
Depreciation |
|
|
799,0 |
780,0 |
| (19,6) |
16,2 |
|
|
Expected credit losses |
|
|
(51,7) |
118,2 |
| |
|
|
|
Share-based payment expenses |
|
|
41,3 |
66,1 |
| |
|
|
|
Amortisation |
|
|
8,6 |
9,3 |
| |
|
|
|
Loss on disposal/write-offs of property, plant
and equipment |
|
|
22,2 |
6,5 |
| (1 671,0) |
(1 184,5) |
|
|
Dividends received from associate companies and subsidiaries |
|
|
– |
|
| |
|
|
|
Post-retirement medical aid and pension fund obligations |
|
|
6,9 |
(3,0) |
| |
|
|
|
Restructuring and related costs |
|
|
2,4 |
45,5 |
| |
|
|
|
Legal settlement |
|
|
– |
19,4 |
| |
|
|
|
Impact of civil unrest |
|
|
85,2 |
– |
| |
|
|
|
Impact of product recall |
|
|
646,8 |
– |
| |
|
|
|
Early settlement of lease liability |
|
|
29,7 |
(10,7) |
| 0,6 |
3,6 |
|
|
Other non-cash items |
|
|
– |
– |
| 101,4 |
0,6 |
|
|
Cash operating profit |
|
|
3 845,0 |
3 005,7 |
| |
|
|
B |
Working capital changes |
|
|
|
|
| |
|
|
|
(Increase)/decrease in inventories |
|
|
(1 001,7) |
60,3 |
| – |
(3,5) |
|
|
Decrease/(increase) in trade and other receivables |
|
|
348,9 |
307,0 |
| – |
(0,8) |
|
|
Increase/(decrease) in trade and other payables |
|
|
762,6 |
(419,8) |
| – |
(4,3) |
|
|
Working capital changes |
|
|
109,8 |
(52,5) |
| |
|
|
C |
Taxation paid |
|
|
|
|
| 2,1 |
2,5 |
|
|
Amounts (payable)/receivable at beginning of the year, net |
|
|
(61,7) |
(12,8) |
| |
|
|
|
Income statement charge |
|
|
|
|
| (9,7) |
(21,3) |
|
|
– Continuing operations |
9 |
|
(596,7) |
(726,7) |
| |
|
|
|
– Discontinued operations |
35 |
|
(20,8) |
155,8 |
| |
|
|
|
Deferred tax |
18 |
|
(169,4) |
(91,1) |
| |
|
|
|
Exchange rate difference and other non-cash items |
|
|
2,7 |
(7,2) |
| (1,0) |
(2,1) |
|
|
Amounts payable/(receivable) at the end of year, net |
|
|
110,5 |
61,7 |
| (8,6) |
(20,9) |
|
|
Taxation paid |
|
|
(735,4) |
(620,3) |
| |
|
|
D |
Dividends paid |
|
|
|
|
| (1 879,2) |
(823,8) |
|
|
Per statement of changes in equity |
|
|
(1 683,6) |
(739,8) |
| |
|
|
|
Dividends paid to outside shareholders |
|
|
(0,7) |
(0,8) |
| (1 879,2) |
(823,8) |
|
|
Dividends paid |
|
|
(1 684,3) |
(740,6) |
| |
|
|
E |
Purchase of property, plant, equipment |
|
|
|
|
| |
|
|
|
Replacement |
|
|
(762,2) |
(658,8) |
| |
|
|
|
Expansion |
|
|
(251,5) |
(278,3) |
| |
|
|
|
|
|
|
(1 013,7) |
(937,1) |
| |
|
|
F |
Cash and cash equivalents at the beginning of the year |
|
|
|
|
| 175,6 |
67,4 |
|
|
Cash resources |
|
|
1 790,0 |
1 723,9 |
| |
|
|
|
Short-term borrowings regarded as cash and cash equivalents |
|
|
(2,0) |
(518,5) |
| |
|
|
|
Discontinued operations |
|
|
(8,5) |
(43,7) |
| 175,6 |
67,4 |
|
|
|
|
|
1 779,5 |
1 161,7 |
| |
|
|
G |
Cash and cash equivalents at the end of the year |
|
|
|
|
| 221,3 |
175,6 |
|
|
Cash resources |
|
|
2 161,8 |
1 790,0 |
| |
|
|
|
Short-term borrowings regarded as cash and cash equivalents |
|
|
– |
(2,0) |
| |
|
|
|
Discontinued operations |
|
|
– |
(8,5) |
| 221,3 |
175,6 |
|
|
|
|
|
2 161,8 |
1 779,5 |
