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