ANNUAL FINANCIAL STATEMENTS 2023

For the year ended 30 September 2023

Five-year review


(R’million) 2023 2022
Restated#
2021
Restated#
2020 2019  
Consolidated income statements            
Revenue 37 389 34 029 30 954 29 796 28 579  
Profit before taxation, income from associates, nonoperational items, and impairments 2 864 3 424 2 180 2 319 3 193  
Income from associates 697 478 346 352 371  
Non-operational items and impairments (10) 12 (127) (451) 1 762  
Profit before taxation 3 551 3 915 2 399 2 220 5 326  
Taxation (817) (1 020) (597) (727) (965)  
Profit for the year from continuing operations 2 734 2 895 1 802 1 493 4 361  
Attributable to:            
Owners of the parent – continuing operations 2 697 2 865 1 773 1 467 4 333  
Non-controlling interests – continuing operations 37 31 29 26 28  
Consolidated statements of financial position            
Property, plant and equipment 6 102 5 817 5 572 5 059 4 976  
Goodwill and intangible assets 3 061 3 042 3 040 2 943 3 221  
Investments 3 708 2 987 3 047 2 855 2 732  
Current assets 12 922 12 196 11 198 10 618 11 213  
Assets classified as held for sale 419 24  
Total assets 25 793 24 043 22 857 21 894 22 166  
Issued capital and reserves before share-based payment reserve 16 578 14 856 14 915 14 941 14 612  
Share-based payment reserve 526 753 700 687 632  
Non-controlling interests 200 142 147 159 163  
Deferred taxation liability 279 206 150 337 402  
Provision for post-retirement medical aid 238 323 564 518 583  
Long-term borrowings 1 211 327 399 197  
Current liabilities 6 761 7 436 5 983 4 752 5 625  
Liabilities classified as held for sale 304 149  
Total equity and liabilities 25 793 24 043 22 857 21 894 22 166  
Consolidated cash flow statements            
Cash operating profit after interest and taxation 3 248 3 248 3 072 2 438 2 528  
Working capital changes (1 561) (1 587) 110 (53) 91  
Dividends received 247 372 115 106 282  
Cash available from operations 1 934 2 033 3 297 2 491 2 901  
Dividends and capital distributions paid (1 564) (1 386) (1 684) (740) (2 284)  
Net cash flow from operating activities 370 647 1 613 1 751 617  
Net cash flow from investing activities (1 144) (1 041) (856) (797) (33)  
Net cash flow before financing activities (774) (394) 757 812 584  
Net cash flow from financing activities 484 (655) (245) (246) (100)  
Net (decrease)/increase in cash and cash equivalents (285) (1 049) 512 566 484  
# Refer to note 36 for details on restatements.

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