| 2020 R’000 |
2019 R’000 |
||||||
|---|---|---|---|---|---|---|---|
| 8. | Cash generated by operations | ||||||
| Profit before taxation | 1 296 953 | 5 284 195 | |||||
| Costs incurred in respect of acquisitions | 178 179 | 22 940 | |||||
| Net finance charges | 1 429 627 | 924 585 | |||||
| Share of current year earnings of associates | 216 160 | (427 309) | |||||
| Depreciation and amortisation | 2 947 696 | 1 513 700 | |||||
| Share based payment expense | 216 348 | 188 840 | |||||
| Impairment of property, plant and equipment, right-of-use and intangible assets | 689 731 | 11 228 | |||||
| Impairment of goodwill | 496 850 | – | |||||
| Impairment of associates | 523 279 | 623 941 | |||||
| Loss on disposal of interests in subsidiaries and associates, and disposal and closure of businesses | 279 637 | 201 209 | |||||
| Other non-cash items | 67 847 | (373 488) | |||||
| Remeasurement of post-retirement obligations | (5 015) | (20 501) | |||||
| Decrease in life assurance fund | (32 013) | (22 851) | |||||
| Working capital changes | 874 428 | (1 282 468) | |||||
| (Increase) decrease in inventories | (740 413) | 45 211 | |||||
| Decrease (increase) in trade and other receivables | 2 623 679 | (273 472) | |||||
| Increase in banking and other advances | (449 541) | (764 085) | |||||
| Decrease in trade and other payables and provisions | (1 438 571) | (1 076 470) | |||||
| Increase in amounts owed to bank depositors | 879 274 | 786 348 | |||||
| 9 179 707 | 6 644 021 | ||||||