ANNUAL FINANCIAL STATEMENTS 2023
For the year ended 30 September 2023
For the year ended 30 September 2023
As at 30 September 2023
| GROUP | COMPANY | |||||||
| (R’million) | Notes | 2023 | 2022 Restated# |
2021 Restated# |
2023 | 2022 Restated# |
2021 Restated# |
|
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Non-current assets | ||||||||
| Property, plant and equipment | 13 | 6 101,6 | 5 817,2 | 5 571,7 | ||||
| Goodwill | 14 | 1 651,2 | 1 645,2 | 1 645,7 | ||||
| Intangible assets | 14 | 1 409,9 | 1 397,2 | 1 394,5 | ||||
| Interest in subsidiary companies | 35 | 4 091,3 | 4 085,5 | 2 993,5 | ||||
| Amounts owed by subsidiaries | 34 | 2 627,4 | 2 594,7 | 2 944,1 | ||||
| Investments | 3 707,8 | 2 987,4 | 3 046,8 | 1 931,6 | 1 973,0 | 1 827,8 | ||
| Investments in associated companies | 16 | 3 092,0 | 2 421,2 | 2 400,7 | 97,1 | 97,1 | 97,1 | |
| Other investments | 17 | 561,5 | 515,8 | 601,8 | 1 833,5 | 1 874,8 | 1 729,6 | |
| Loans | 18 | 54,3 | 50,4 | 44,3 | 1,0 | 1,1 | 1,1 | |
| Deferred taxation asset | 19 | 44,2 | 34,3 | 33,6 | ||||
| Current assets | 12 921,9 | 12 195,9 | 11 198,0 | 360,6 | 476,3 | 273,9 | ||
| Inventories | 20 | 7 503,6 | 7 124,4 | 5 741,1 | ||||
| Trade and other receivables | 21 | 4 642,4 | 3 955,6 | 3 295,1 | 6,7 | 3,1 | 1,0 | |
| Amounts owed by subsidiaries | 34 | – | 85,0 | 51,6 | ||||
| Cash and cash equivalents | 775,9 | 1 115,9 | 2 161,8 | 353,9 | 388,2 | 221,3 | ||
| Total assets | 25 836,6 | 24 077,2 | 22 890,3 | 9 010,9 | 9 129,5 | 8 039,3 | ||
| EQUITY AND LIABILITIES | ||||||||
| Issued capital and reserves | 17 103,7 | 15 608,9 | 15 613,4 | 8 955,6 | 9 002,0 | 7 947,3 | ||
| Ordinary share capital and share premium | 22 | 18,0 | 18,0 | 142,0 | 18,0 | 18,0 | 142,0 | |
| Non-distributable reserves | 2 956,0 | 2 158,0 | 2 188,7 | 2 938,2 | 2 939,2 | 2 939,3 | ||
| Accumulated profits | 15 785,5 | 14 867,6 | 14 776,7 | 5 574,4 | 5 429,4 | 4 256,9 | ||
| Tiger Brands Limited shares held by subsidiary | 23 | (718,0) | (718,0) | (718,0) | ||||
| Tiger Brands Limited shares held by empowerment entities | 23 | (1 464,1) | (1 469,3) | (1 475,5) | ||||
| Share-based payment reserve | 29 | 526,3 | 752,6 | 699,5 | 425,0 | 615,4 | 609,1 | |
| Non-controlling interests | 200,5 | 142,3 | 147,4 | – | – | – | ||
| Total equity | 17 304,2 | 15 751,2 | 15 760,8 | 8 955,6 | 9 002,0 | 7 947,3 | ||
| Non-current liabilities | 1 771,7 | 890,1 | 1 145,9 | 5,0 | 5,0 | 5,2 | ||
| Deferred taxation liability | 19 | 322,7 | 240,7 | 183,1 | 5,0 | 5,0 | 5,2 | |
| Post-retirement medical aid obligations | 31 | 238,0 | 322,9 | 563,8 | ||||
| Long-term borrowings | 27 | 1 211,0 | 326,5 | 399,0 | ||||
| Current liabilities | 6 760,7 | 7 435,9 | 5 983,6 | 50,3 | 122,5 | 86,8 | ||
| Trade and other payables | 25 | 5 335,3 | 5 677,7 | 5 131,5 | 39,2 | 52,6 | 37,9 | |
| Employee-related accruals | 26 | 434,7 | 464,4 | 527,1 | ||||
| Taxation | 107,0 | 126,6 | 156,7 | 1,7 | – | – | ||
| Short-term borrowings | 27 | 883,7 | 1 167,2 | 168,3 | ||||
| Amounts owed to subsidiaries | 34 | 9,4 | 69,9 | 48,9 | ||||
| Total equity and liabilities | 25 836,6 | 24 077,2 | 22 890,3 | 9 010,9 | 9 129,5 | 8 039,3 | ||
| # | Refer to note 36 for details on restatements |
Hover over a row in the table to the left to populate this graph