20
22

Tiger Brands Limited

Annual Financial Statements

Annual financial statements

Operating income before impairments and non-operational items

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COMPANY       GROUP
2022   2021     (R'million) 2022   2021
        4 Operating income before impairments and non-operational items      
          Operating income has been determined after charging/(crediting):      
          External auditors' remuneration 25,9   24,9
             – Audit fees 25,3   24,1
             – Other fees and expenses 0,6   0,8
          Internal auditors' remuneration 12,6   9,8
          Lease charges** 98,6   39,7
             – On land and buildings 30,6   19,4
             – On plant, equipment and vehicles 68,0   20,3
          Loss/(profit) on disposal of property, plant, equipment and vehicles 3,7   (2,0)
0,3       Loss on disposal of investment 0,3  
          Research, development and related expenditure 66,6   58,3
          IFRS 2 charges 55,8   41,3
             – Cash settled 1,7   3,8
             – Equity settled, including BEE-related IFRS 2 charges 54,1   37,5
          Staff costs 3 735,8   3 539,3
          Employer's contribution to retirement funding 263,3   256,6
          Employer's contribution to medical aid 86,2   89,5
          Foreign exchange (profit)/loss (39,5)   0,2
          Rental and fee income (4,1)   (3,8)
** Leases consists of variable lease payments and payments in respect of low-value assets.