ANNUAL FINANCIAL STATEMENTS 2024
for the year ended 30 September 2024
for the year ended 30 September 2024
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 | ||