ANNUAL FINANCIAL STATEMENTS 2024

for the year ended 30 September 2024

Statements of financial positions

as at 30 September 2024

    GROUP   COMPANY
(R'million) Notes 2024 2023   2024 2023
ASSETS            
Non-current assets            
Property, plant and equipment 13 6 107,8 6 101,6      
Goodwill 14 1 643,9 1 651,2      
Intangible assets 14 1 376,5 1 409,9      
Interest in subsidiary companies 35       3 752,8 4 091,3
Amounts owed by subsidiaries 34       2 911,0 2 627,4
Investments   3 950,5 3 707,8   2 598,9 1 931,6
Investments in associated companies 16 3 347,6 3 092,0   97,1 97,1
Other investments 17 544,7 561,5   2 500,8 1 833,5
Loans 18 58,2 54,3   1,0 1,0
Deferred taxation asset 19 36,3 44,2      
Current assets   13 303,0 12 921,9   222,3 360,6
Inventories 20 7 422,9 7 503,6      
Trade and other receivables 21 4 332,9 4 642,4   17,5 6,7
Cash and cash equivalents   1 547,2 775,9   204,8 353,9
Assets classified as held for sale 37 40,9  
Total assets   26 458,9 25 836,6   9 485,0 9 010,9
EQUITY AND LIABILITIES            
Issued capital and reserves   17 978,7 17 103,7   9 421,0 8 955,6
Ordinary share capital and share premium 22 18,0 18,0   18,0 18,0
Non-distributable reserves   3 161,8 2 956,0   3,8 2 938,2
Accumulated profits   16 672,3 15 785,5   8 975,7 5 574,4
Tiger Brands Limited shares held by subsidiary 23 (933,4) (718,0)  
Tiger Brands Limited shares held by empowerment entities 23 (1 452,8) (1 464,1)  
Share-based payment reserve 29 512,8 526,3   423,5 425,0
Non-controlling interests   217,4 200,5  
Total equity   18 196,1 17 304,2   9 421,0 8 955,6
Non-current liabilities   925,2 1 771,7   5,9 5,0
Deferred taxation liability 19 371,2 322,7   5,9 5,0
Post-retirement medical aid obligations 31 251,0 238,0    
Long-term borrowings 27 303,0 1 211,0    
Current liabilities   7 337,6 6 760,7   58,1 50,3
Trade and other payables 25 5 867,8 5 335,3   27,0 39,2
Employee-related accruals 26 471,9 434,7    
Taxation   58,8 107,0   1,7
Short-term borrowings 27 939,1 883,7    
Amounts owed to subsidiaries 34       31,1 9,4
Liabilities directly associated with assets classified as held for sale 37  
Total equity and liabilities   26 458,9 25 836,6   9 485,0 9 010,9