| 14. | Proceeds on disposal of interest in subsidiaries and associates,and disposal and closure of businesses | |||||
| 2020 R'000 |
2019 R'000 |
|||||
| Property, plant and equipment | 161 376 | 82 535 | ||||
| Right-of-use assets | 51 011 | – | ||||
| Intangibles | 18 205 | 6 491 | ||||
| Goodwill | 2 152 | 66 578 | ||||
| Deferred taxation | 852 | 33 122 | ||||
| Interest in associates | 3 049 | 32 651 | ||||
| Inventories | 50 238 | 4 070 | ||||
| Trade and other receivables | 274 319 | 373 016 | ||||
| Cash and cash equivalents and bank overdrafts | (3 702) | 98 790 | ||||
| Borrowings | (24 289) | – | ||||
| Lease liability | (47 991) | – | ||||
| Trade and other payables and provisions | (99 807) | (150 863) | ||||
| Taxation | 12 580 | 14 222 | ||||
| Disposal group assets held for sale | – | 253 921 | ||||
| Disposal group liabilities held for sale | – | (31 785) | ||||
| Carrying value of net assets | 397 993 | 782 748 | ||||
| Non-controlling interest | 1 087 | (116 705) | ||||
| Realisation of foreign currency translation reserves | 7 327 | (42 903) | ||||
| Realisation of share-based payments reserves | – | 8 049 | ||||
| Net loss on disposal of interest in subsidiaries and associates, and disposal and closure of businesses | (261 155) | (177 262) | ||||
| Less: cash and cash equivalents and bank overdrafts disposed of | 3 702 | (98 790) | ||||
| Settlement of other receivables arising on disposal of subsidiaries and associates | – | 190 741 | ||||
| Less: other receivables arising on disposal of subsidiaries and associates (refer note 25) | (99 020) | – | ||||
| Net cash impact | 49 934 | 545 878 |
In the current period the Group disposed of 100% of the share capital and voting rights of DH Mansfield Group Limited (DH Mansfield). DH Mansfield is a rescue and recovery business operating services centres across the northern, central and southern geographical areas of the UK. The business is considered non-core to the Group because of its size, geographic isolation and lack of scalability. The Group disposed of the entire share capital of Glenryck South Africa Proprietary Limited (Glenryck) to the African Pioneer Group. Glenryck is a leading South African oil-rich canned fish brand and its disposal is in line with the Group's divestiture of its fishing and associated interests and follows the disposal of fishing interests in 2018 and 2019. |
| DH Mansfield R'000 |
Glenryck R'000 |
Other smaller disposals R'000 |
Total R'000 |
|||||
| Identifiable assets and liabilities disposed | ||||||||
| Property, plant and equipment | (136 433) | (531) | (24 412) | (161 376) | ||||
| Right-of-use assets | (51 011) | – | – | (51 011) | ||||
| Deferred taxation | 6 361 | (25 431) | 18 218 | (852) | ||||
| Interest in associates | – | – | (3 049) | (3 049) | ||||
| Inventories | (14 611) | (13 827) | (21 800) | (50 238) | ||||
| Trade and other receivables | (95 489) | (48 228) | (130 602) | (274 319) | ||||
| Cash and cash equivalents and bank overdrafts | 33 205 | (14 143) | (15 360) | 3 702 | ||||
| Borrowings | 24 289 | – | – | 24 289 | ||||
| Lease liability | 47 991 | – | – | 47 991 | ||||
| Trade and other payables and provisions | 61 381 | 28 684 | 9 742 | 99 807 | ||||
| Taxation | (13 479) | – | 899 | (12 580) | ||||
| Intangible assets | – | (18 205) | – | (18 205) | ||||
| Goodwill | – | – | (2 152) | (2 152) | ||||
| Total net assets disposed | (137 796) | (91 681) | (168 516) | (397 993) |