FINANCIAL report

STATEMENT OF Financial Position

 
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    33 
Taxation    127  325 
    12 740  19 295 
Liabilities held for sale    3 997  395 
Total equity and liabilities    150 965  156 698 
  1. 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.

 

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