Notes to the consolidated financial statements – Note 2

    2015
R’000
    2014
R’000
 
2. Operating profit          
  Determined after charging (crediting)          
     Auditors’ remuneration 98 354     92 453  
     Audit fees 81 018     76 950  
     Audit-related expenses 670     1 099  
     Consulting fees 9 148     6 654  
     Taxation services 4 235     5 227  
     Other services 3 283     2 523  
  Depreciation of property, plant and equipment 2 069 800     1 968 574  
     Buildings 3 456     4 026  
     Leasehold premises 123 128     112 354  
     Plant and equipment 692 374     626 162  
     Office equipment, furniture and fittings 341 161     334 006  
     Vehicles, vessels and craft 569 375     530 630  
  Rental assets 143 823     130 106  
     Capitalised leased assets 39 908     56 276  
     Full maintenance lease assets 156 575     175 014  
  Depreciation of vehicle rental fleet 174 242     136 633  
  Amortisation of intangible assets 295 806     239 713  
     Patents, trademarks, tradenames and other intangibles 93 022     53 254  
     Computer software 202 784     186 459  
  Impairment of assets 326 193     162 267  
     Property, plant and equipment# 11 740     1 964  
     Intangible assets# 113 137     20 961  
     Banking and other advances 5 404     19 120  
     Trade receivables 195 912     120 222  
  Net impairment of associates# 305 047     926 060  
  Gain on a bargain purchase# –     (24 338)  
  Directors’ emoluments          
     Executive directors 92 314     80 773  
        Basic remuneration 42 369     38 750  
        Retirement and medical benefits 2 878     2 605  
        Other benefits and costs 2 900     2 695  
        Cash incentives 44 167     36 723  
     Non-executive directors 7 976     7 455  
        Fees – Company 5 985     5 691  
                – Subsidiaries 1 991     1 764  
  Employer contributions to 1 413 630     1 274 577  
        Defined contribution pension funds 199 874     149 350  
        Provident funds 605 297     559 122  
        Retirement funds 53 291     57 568  
        Social securities 258 716     211 033  
        Medical aids 296 452     297 504  
  Net expense related to post-retirement obligations for current service costs 85 022     55 523  
  Defined benefit pension plans 78 026     54 376  
     Post-retirement medical aid obligations 1 234     (4 229)  
     Defined benefit early retirement plan 5 762     5 376  
  Share-based payment expense 228 637     187 119  
     Staff 197 024     146 087  
     Executive directors 31 613     41 032  
  Staff costs excluding directors’ emoluments and employer contributions 23 764 232     19 867 936  
  Fees for administrative, managerial and technical services 14 476     9 687  
  Research and development expenditure 1 739     11 573  
  Foreign exchange losses (gains) on hedging activities (18 454)     11 729  
     Forward exchange contracts (17 013)     12 368  
     Foreign bank accounts (1 441)     (639)  
  Other foreign exchange gains (138 294)     (64 705)  
     Realised (123 532)     (61 957)  
     Unrealised (14 762)     (2 748)  
  Income from investments (146 836)     (418 916)  
     Dividends received from listed investments (28 326)     (35 200)  
     Dividends received from unlisted investments (13 737)     (591)  
     Profit on disposal (39 085)     (216 061)  
     Fair value adjustments on investments held-for-trading (65 688)     (167 064)  
  Net capital profit# (397 350)     (122 274)  
     Net profit on disposal of property, plant and equipment (242 728)     (1 888)  
     Net profit on disposal of interests in subsidiaries and associates, and disposal and closure of businesses (154 622)     (47 490)  
     Net profit on disposal of intangible assets –     (1 967)  
     Net fair value adjustment arising on acquisition of control of associates –     (70 929)  
  JSE fees 263     221  
  Operating lease charges 2 349 349     2 117 177  
  Land and buildings 1 656 064     1 529 538  
  Equipment and vehicles 693 285     587 639  
  # Items above included as capital items on consolidated income statement 32 574     802 373  

Notes to the consolidated financial statements – Note 2