Recognised amounts in the financial statements are adjusted to reflect significant events arising after the reporting date, but before the financial statements are authorised for issue, provided there is evidence of conditions that existed at the reporting date.

Subsequent to the year end, Tiger Consumer Brands Limited concluded a sale of business agreement in terms of which the purchaser acquired all trademarks and related intellectual property rights associated with the toiletries and medicinal products brands of the Baby Wellbeing business, namely Elizabeth Anne's, Phipps, Muthi Wenyoni, Telament and Antipeol, as well as the right to manufacture and sell Vi-Daylin under a sub-licence, for a consideration of R605 million.

The purchaser will also acquire all the inventories relating to the Baby Wellbeing business on the effective date of the sale.

The sale of business agreement is subject to the fulfilment of the suspensive conditions relating to the transfer and assignment of the third-party manufacturing contracts to the purchaser, the granting of a sub-licence agreement for the use of Vi-Daylin to the purchaser and obtaining the required approvals from the relevant Competition Authorities.