ANNUAL FINANCIAL STATEMENTS 2023

For the year ended 30 September 2023

5 OPERATING INCOME BEFORE IMPAIRMENTS AND NON-OPERATIONAL ITEMS
 

Operating income before impairments and non-operational items are disclosed to provide an additional basis on which to measure the group’s performance.

 
  GROUP
(R’million) 2023 2022
Operating income has been determined after charging/ (crediting):    
External auditors’ remuneration 30,5 25,9
– Audit fees 29,4 25,3
– Other fees and expenses 1,1 0,6
Internal auditors’ remuneration 13,6 12,6
Lease charges* 26,2 98,6
– On land and buildings 9,4 30,6
– On plant, equipment, and vehicles 16,8 68,0
Loss on disposal of plant, equipment, and vehicles 8,8 3,7
Loss on disposal of investment 0,3
Research, development, and related expenditure 80,0 66,6
IFRS 2 charges (refer note 29) 13,4 55,8
– Cash settled 5,6 1,7
– Equity settled, including B-BBEE-related IFRS 2 charges 7,8 54,1
Staff costs 3 873,9 3 735,8
Employer’s contribution to retirement funding (refer note 30) 217,7 255,5
Employer’s contribution to medical aid 89,6 86,2
Foreign exchange profit (19,4) (39,5)
Rental and fee income (4,6) (4,1)

* Leases consists of variable lease payments and payments in respect of low value assets