FINANCIAL REPORT
Our portfolio continued to deliver a
resilient set of results despite the impact of a
subdued macroeconomic environment, underpinned
by our strong capital allocation strategy.
| R million | 30 June 2021 |
30 June 2020 |
| Net profit for the year | 5 055 | 6 583 |
|---|---|---|
| Other comprehensive income, net of tax | (2 512) | 6 554 |
| Items that may be reclassified subsequently to the income statement: | ||
| Exchange rate adjustments | (4 188) | 6 880 |
| Fair value adjustments for the year | (520) | (3) |
| Deferred taxation on fair value adjustments | 112 | 6 |
| Reclassification of other comprehensive income to the income statement | 9 | (1 073) |
| Other comprehensive income of equity accounted investments | (2 627) | 2 671 |
| Items that will not be reclassified to the income statement: | ||
| Fair value adjustments for the year | 4 150 | (1 210) |
| Deferred taxation on fair value adjustments | (448) | (668) |
| Capital gains taxation on disposal of FVOCI investments | (343) | – |
| Remeasurement of post-employment benefit obligations | 157 | 133 |
| Deferred taxation on remeasurement of post-employment benefit obligations | (45) | (37) |
| Change in reserves of equity accounted investments | 1 231 | (145) |
| Total comprehensive income for the year | 2 543 | 13 137 |
| Total comprehensive income attributable to: | ||
| Equity holders | 1 345 | 12 900 |
| Non-controlling interest | 1 198 | 237 |
| 2 543 | 13 137 | |
The 2021 Annual General Meeting of Remgro will be held by way of electronic participation only (refer to the Notice to Shareholders regarding the electronic participation process).