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 | 30 June 2022 |
30 June 2021 |
| Net profit for the year | 14 979 | 5 055 |
|---|---|---|
| Other comprehensive income, net of tax | (1 946) | (2 512) |
| Items that may be reclassified subsequently to the income statement: | ||
| Exchange rate adjustments | 578 | (4 188 |
| Fair value adjustments for the year | (791) | (520) |
| Deferred taxation on fair value adjustments | 13 | 112 |
| Reclassification of other comprehensive income to the income statement | 64 | 9 |
| Other comprehensive income of equity accounted investments | 1 558 | (2 627) |
| Items that will not be reclassified to the income statement: | ||
| Fair value adjustments for the year | (306) | 4 150 |
| Deferred taxation on fair value adjustments | (2 236) | (448) |
| Capital gains taxation on disposal of FVOCI investments | (40) | (343) |
| Remeasurement of post-employment benefit obligations | 42 | 157 |
| Deferred taxation on remeasurement of post-employment benefit obligations | – | (45) |
| Change in reserves of equity accounted investments | (828) | 1 231 |
| Total comprehensive income for the year | 13 033 | 2 543 |
| Total comprehensive income attributable to: | ||
| Equity holders | 11 031 | 1 345 |
| Non-controlling interest | 2 002 | 1 198 |
| 13 033 | 2 543 | |
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).