Statement of financial position 2023

R million	Notes	30 June 2023⁽¹⁾	30 June 2022
Assets
Non-current assets
Property, plant and equipment		9 757	17 831
Investment properties		473	137
Intangible assets		10 665	20 275
Investments – Equity accounted	5	76 445	50 771
– Financial assets at fair value through other comprehensive income (FVOCI)	6	22 564	20 650
Financial assets at fair value through profit and loss (FVPL)		150	242
Retirement benefits		351	709
Long-term loans and debtors		33	155
Deferred taxation		176	219
		120 614	110 989
Current assets		30 351	45 709
Inventories		7 832	13 568
Biological agricultural assets		1 317	1 232
Debtors and short-term loans		3 818	11 903
Loans to equity accounted investments		35	15
Financial assets at FVPL		29	78
Taxation		47	98
Investment in money market funds		4 582	5 700
Cash and cash equivalents		6 047	11 884
		23 707	44 478
Assets held for sale		6 644	1 231

Total assets		150 965	156 698

Equity and liabilities
Stated capital		13 416	13 416
Reserves		103 942	85 712
Treasury shares		(1 438)	(685)
Shareholders’ equity		115 920	98 443
Non-controlling interest		6 521	17 437
Total equity		122 441	115 880
Non-current liabilities		11 787	21 128
Retirement benefits		70	149
Long-term loans	7	5 804	11 693
Lease liabilities		523	959
Deferred taxation		5 298	8 276
Hedge derivatives		92	51
Current liabilities		16 737	19 690
Trade and other payables		5 980	16 025
Short-term loans		6 431	2 681
Lease liabilities		196	231
Financial liabilities at FVPL		6	33
Taxation		127	325
		12 740	19 295
Liabilities held for sale		3 997	395

Total equity and liabilities		150 965	156 698

On 26 April 2023, Remgro sold its interest in the bulk of the Distell business (consisting of its cider, other RTDs and spirits and wine business) to Heineken and, therefore, certain line items are not directly comparable with the prior year. In addition, RCL Foods also announced its intention to dispose of Vector Logistics resulting in these assets and liabilities being presented as held for sale. Refer to “Comparison with prior year” here for further details.

FINANCIAL report