| |
2018
R’000 |
|
|
2017
R’000 |
|
| Property, plant and equipment |
213 049 |
|
|
9 191 |
|
| Intangibles |
86 |
|
|
94 |
|
| Goodwill |
44 868 |
|
|
3 212 |
|
| Deferred taxation |
(97 789) |
|
|
(14 437) |
|
| Interest in associates |
17 645 |
|
|
288 441 |
|
| Investments and advances |
2 745 |
|
|
6 087 |
|
| Inventories |
75 957 |
|
|
56 976 |
|
| Trade and other receivables |
281 449 |
|
|
16 552 |
|
| Cash and cash equivalents |
331 412 |
|
|
(3 176) |
|
| Borrowings |
(18 421) |
|
|
(108) |
|
| Trade and other payables and provisions |
(379 346) |
|
|
11 494 |
|
| Taxation |
(3 151) |
|
|
649 |
|
| Carrying value of net tangible assets |
468 504 |
|
|
374 975 |
|
| Non-controlling interest |
(120 840) |
|
|
760 |
|
| Realisation of foreign currency translation reserves |
(673) |
|
|
(916) |
|
| Realisation of share-based payments reserves |
(1 022) |
|
|
– |
|
| Net profit (loss) on disposal of interest in subsidiaries and associates, and disposal and closure of businesses |
(148 247) |
|
|
(132 946) |
|
| Less cash and cash equivalents disposed of |
(331 412) |
|
|
3 176 |
|
| Less other receivables arising on disposal of subsidiaries and associates (see note 23) |
(190 741) |
|
|
(203 110) |
|
| Net cash impact |
(324 431) |
|
|
41 939 |
|
|
|
|
|
|
|
Effective 30 June 2018 the Group disposed of its entire interest in Bidvest Namibia Fisheries Holdings Pty Limited (Bidfish) to
Tunacor Fisheries Limited. Bidfish was a 100% held subsidiary of Bidvest Namibia Limited (Bidvest Namibia). Bidvest Namibia
disposed of the Bidfish shares to Tunacor for a cash consideration equal to the net asset value of Bidfish as at 30 June 2018.