| 2019 R’000 |
2018 R’000 |
|||||
|---|---|---|---|---|---|---|
| 2. | Profit before finance charges and associate income | |||||
| Determined after charging (crediting) | ||||||
| Auditor's remuneration (PricewaterhouseCoopers Inc./Deloitte prior) | 67 997 | 78 527 | ||||
| Audit fees | 64 104 | 68 565 | ||||
| Audit-related expenses | 86 | 781 | ||||
| Consulting fees | 2 346 | 6 270 | ||||
| Taxation services | 817 | 1 240 | ||||
| Other attest services | 644 | 1 671 | ||||
| Auditors' remuneration (other auditors) | 15 517 | 12 218 | ||||
| Audit fees | 11 728 | 9 022 | ||||
| Audit-related expenses | 273 | 55 | ||||
| Consulting fees | 698 | 155 | ||||
| Taxation services | 1 853 | 840 | ||||
| Other attest services | 965 | 2 146 | ||||
| Depreciation of property, plant and equipment | 1 378 954 | 1 409 788 | ||||
| Buildings | 4 354 | 2 188 | ||||
| Leasehold premises | 91 355 | 84 579 | ||||
| Plant and equipment | 323 374 | 400 158 | ||||
| Office equipment, furniture and fittings | 303 976 | 291 532 | ||||
| Vehicles, vessels and craft | 258 876 | 257 361 | ||||
| Rental assets | 219 636 | 202 522 | ||||
| Capitalised leased assets | 1 546 | 351 | ||||
| Full maintenance lease assets | 175 837 | 171 097 | ||||
| Depreciation of vehicle rental fleet | 171 144 | 134 077 | ||||
| Amortisation of intangible assets | 147 916 | 136 773 | ||||
| Patents, trademarks, tradenames and other intangibles | 53 779 | 46 672 | ||||
| Computer software | 94 137 | 90 101 | ||||
| Impairment of assets | 46 899 | 110 541 | ||||
| Property, plant and equipment# | 9 580 | 3 311 | ||||
| Intangible assets# | 1 648 | 1 115 | ||||
| Goodwill# | – | 15 258 | ||||
| Banking and other advances | 3 273 | 16 108 | ||||
| Trade receivables | 32 398 | 74 749 | ||||
| Determined after charging (crediting) | ||||||
| Compensation received on scrapping, loss or impairment of property, plant and equipment# | (16 835) | (85 702) | ||||
| Remeasurement to recoverable fair value of associates# | 623 941 | 248 709 | ||||
| Executive directors* | 76 369 | 64 408 | ||||
| Basic remuneration | 30 777 | 25 329 | ||||
| Retirement and medical benefits | 2 078 | 2 214 | ||||
| Other benefits and costs | 1 882 | 1 891 | ||||
| Cash incentives | 41 632 | 34 974 | ||||
| Non-executive directors* | 10 827 | 8 566 | ||||
| Fees – Company | 8 127 | 6 587 | ||||
| – subsidiaries | 2 700 | 1 979 | ||||
| Employer contributions to | 1 192 701 | 1 122 165 | ||||
| Defined contribution pension funds | 93 225 | 77 920 | ||||
| Provident funds | 668 490 | 648 321 | ||||
| Retirement funds | 84 927 | 70 922 | ||||
| Social securities | 14 137 | 6 052 | ||||
| Medical aids | 331 922 | 318 950 | ||||
| Net expense related to post-retirement obligations for current service costs | 3 774 | 2 515 | ||||
| Defined benefit pension plans | 4 018 | 5 017 | ||||
| Post-retirement medical aid obligations | (244) | (2 502) | ||||
| Share-based payment expense | 190 109 | 154 986 | ||||
| Staff | 154 121 | 131 729 | ||||
| Executive directors | 35 988 | 23 257 | ||||
| Fees for administrative, managerial and technical services | 4 390 | 7 182 | ||||
| Research and development expenditure | 1 407 | 1 233 | ||||
| Foreign exchange (gains) losses on hedging activities | (30 207) | (40 675) | ||||
| Forward exchange contracts | (32 312) | (40 004) | ||||
| Foreign bank accounts | 2 105 | (671) | ||||
| Other foreign exchange losses | 36 209 | 15 514 | ||||
| Realised | 15 695 | 13 470 | ||||
| Unrealised | 20 514 | 2 044 | ||||
| Income from investments | (368 258) | (142 795) | ||||
| Dividends received from listed investments | (20 881) | (22 274) | ||||
| Dividends received from unlisted investments | (50 512) | (28 637) | ||||
| Profit on disposal | (66 930) | (18 608) | ||||
| Fair value adjustments on investments held-for-trading | (229 935) | (73 276) | ||||
| Net capital loss# | 168 768 | 169 286 | ||||
| Net profit on disposal of property, plant and equipment | (28 192) | (39 796) | ||||
| Net loss on disposal of interests in subsidiaries and associates, and disposal and closure of businesses | 201 209 | 185 654 | ||||
| Impairment of disposal groups held for sale | – | 39 323 | ||||
| Net (profit) loss on disposal of intangible assets | (4 249) | (15 895) | ||||
| Operating lease charges | 1 739 980 | 1 651 715 | ||||
| Land and buildings | 1 368 011 | 1 317 433 | ||||
| Equipment and vehicles | 371 969 | 334 282 | ||||
| # Items above included as capital items on consolidated income statement | 787 102 | 351 977 |
| * Refer Annexure B for detailed disclosure. |