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Tiger Brands Limited

Annual Financial Statements

Annual financial statements

Statements of financial position

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AS AT 30 SEPTEMBER 2022

COMPANY       GROUP
2022 2021   (R’million) Note
Annexures
2022 2021
    ASSETS      
    Non-current assets      
    Property, plant and equipment 12 5 695,4 5 481,3
    Goodwill 13 1 179,4 1 179,9
    Intangible assets 13 1 719,8 1 728,7
3 497,1 2 411,4   Interest in subsidiary companies A    
2 594,7 2 944,1   Amounts owed by subsidiaries 33    
2 561,4 2 409,9   Investments   2 987,4 3 046,8
97,1 97,1   Investments in associated companies 15 2 421,2 2 400,7
2 222,9 2 214,7   Other investments 16 515,8 601,8
241,4 98,1   Loans 17 50,4 44,3
    Deferred taxation asset 18 34,3 33,6
476,3 273,9   Current assets   12 402,5 11 361,6
      Inventories 19 7 331,0 5 904,7
3,1 1,0   Trade and other receivables 20 3 955,6 3 295,1
85,0 51,6   Amounts owed by subsidiaries 33    
388,2 221,3   Cash and cash equivalents   1 115,9 2 161,8
9 129,5 8 039,3   Total assets   24 018,8 22 831,9
    EQUITY AND LIABILITIES      
9 002,0 7 947,3   Issued capital and reserves   15 550,5 15 555,0
18,0 142,0   Ordinary share capital and share premium 21 18,0 142,0
2 939,2 2 939,3   Non-distributable reserves   3 063,7 3 094,4
5 429,4 4 256,9   Accumulated profits   13 903,5 13 812,6
      Tiger Brands Limited shares held by subsidiary 22 (718,0) (718,0)
      Tiger Brands Limited shares held by empowerment entities 22 (1 469,3) (1 475,5)
615,4 609,1   Share-based payment reserve 28 752,6 699,5
       Non-controlling interests   142,3 147,4
9 002,0 7 947,3   Total equity   15 692,8 15 702,4
5,0 5,2   Non-current liabilities   890,1 1 145,9
5,0 5,2   Deferred taxation liability 18 240,7 183,1
      Post-retirement medical aid obligations 30 322,9 563,8
      Long-term borrowings 26 326,5 399,0
122,5 86,8   Current liabilities   7 435,9 5 983,6
52,6 37,9   Trade and other payables 24 5 677,7 5 131,5
      Employee-related accruals 25 464,4 527,1
      Taxation   126,6 156,7
      Short-term borrowings 26 1 167,2 168,3
69,9 48,9   Amounts owed to subsidiaries 33    
9 129,5 8 039,3    Total equity and liabilities   24 018,8 22 831,9