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.
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 | Notes | 30 June
2022 |
30 June
2021 |
| Revenue | 12 | 76 096 | 65 803 |
|---|---|---|---|
| Inventory expenses | (46 073) | (38 387) | |
| Staff costs | (10 056) | (9 251) | |
| Depreciation | (1 892) | (1 711) | |
| Other net operating expenses | (13 015) | (12 005) | |
| Trading profit | 5 060 | 4 449 | |
| Dividend income | 641 | 366 | |
| Interest received | 537 | 446 | |
| Finance costs | (1 229) | (1 548) | |
| Impairment of investments, assets and goodwill | (461) | (119) | |
| Reversal of impairment of investments and assets | 614 | 1 158 | |
| Loss allowances on loans | 45 | (205) | |
| Bargain purchase gain | – | 8 | |
| Profit on sale and dilution of investments | 394 | 17 | |
| Consolidated profit before tax | 5 601 | 4 572 | |
| Taxation | (1 602) | (1 135) | |
| Consolidated profit after tax | 3 999 | 3 437 | |
| Share of after-tax profit of equity accounted investments | 5 | 10 980 | 1 618 |
| Net profit for the year | 14 979 | 5 055 | |
| Attributable to: | |||
| Equity holders | 13 139 | 3 550 | |
| Non-controlling interest | 1 840 | 1 505 | |
| 14 979 | 5 055 | ||
The 2022 Annual General Meeting of Remgro will be held by way of electronic participation only (refer to the Notice of Shareholders regarding the electronic participation process).