© Copyright 2023 ACSA
AT 31 MARCH 2023
| Figures in Rand | March 2023 | Group March 2022 | R'000 | % |
|---|---|---|---|---|
| Assets | ||||
| Non-current assets | 25 014 984 | 26 172 266 | (1 157 282) | (4.4) |
| Property, plant and equipment, investment property and intangible assets | 24 247 713 | 25 429 939 | (1 182 226) | (4.6) |
| Investments in associates and joint ventures | 427 906 | 421 386 | 6 520 | 1.5 |
| Other non-current assets | 339 365 | 320 941 | 18 424 | 5.7 |
| Current assets | 6 652 230 | 3 965 391 | 2 686 839 | 68 |
| Investments and cash and cash equivalents | 4 906 680 | 2 161 409 | 2 745 271 | 127 |
| Other current assets | 1 744 365 | 1 798 294 | (53 929) | (3.0) |
| Non-current assets held for sale | 1 185 | 5 688 | (4 503) | (79.2) |
| Total assets | 31 667 214 | 30 137 657 | 1 529 557 | 5.1 |
| Equity and liabilities | ||||
| Equity | 18 657 015 | 18 861 468 | (204 453) | (1.1) |
| Non-current liabilities | 8 936 338 | 8 822 572 | 113 766 | (1.3) |
| Interest-bearing borrowings | 8 130 232 | 8 141 783 | (11 551) | 0.1 |
| Other non-current liabilities | 806 106 | 680 789 | 125 317 | (18.4) |
| Current liabilities | 4 073 861 | 2 453 617 | 1 620 244 | (66.0) |
| Total liabilities | 13 010 199 | 11 276 189 | 1 734 010 | (15.4) |
| Total equity and liabilities | 31 667 214 | 30 137 657 | 1 529 557 | 5.1 |
FOR THE YEAR ENDED 31 MARCH 2023
| Figures in Rand | March 2023 | Group March 2022 | R'000 | % |
|---|---|---|---|---|
| Revenue and other operating income | 6 065 333 | 3 898 034 | 2 167 299 | 55.6 |
| Employee benefit expense | (1 241 833) | (1 318 697) | 76 864 | (5.8) |
| Operating expenses | (2 240 841) | (2 026 017) | (214 824) | (10.6) |
| Impairment loss on trade and other receivables | (541 716) | (211 631) | (330 085) | (156.0) |
| Earnings before interest, tax, depreciation and amortisation | 2 040 943 | 341 689 | 1 699 254 | 497.3 |
| Fair value losses on investment properties | (208 781) | (90 716) | (118 065) | (130.1) |
| Depreciation and amortisation expense | (1 386 914) | (1 200 697) | (186 217) | (15.5) |
| Gains from equity accounted investments | 6 519 | 980 | 5 539 | 565.2 |
| Net finance expense | (473 397) | (587 558) | 114 161 | 19.4 |
| Loss before taxation | (21 630) | (1 536 302) | 1 514 672 | 98.6 |
| Taxation | (120 849) | 533 943 | (654 792) | (122.6) |
| Profit for the year | (142 479) | (1 002 359) | 859 880 | 85.8 |
| Effective tax rate | 559% | 35% | ||
| Cost to income ratio | (57%) | (86%) | ||
FOR THE YEAR ENDED 31 MARCH 2023
| Figures in Rand | March 2023 | Group March 2022 | R'000 | % |
|---|---|---|---|---|
| Net cash inflow from operating activities | 2 404 138 | 360 203 | 2 043 935 | 567.4 |
| Net cash outflow from investing activities | (2 019 938) | (799 523) | (1 220 415) | (152.6) |
| Net cash inflow/(outflow) from financing activities | 751 195 | (844 895) | 1 596 090 | 188.9 |
| Repayment of derivatives | (1 111) | (2 473) | 1 362 | 55.1 |
| Interest-bearing borrowings repaid | (296 355) | (296 355) | - | - |
| Interest paid | (617 083) | (546 067) | (71 016) | (13.0) |
| Interest-bearing borrowings raised | 1 665 744 | - | 1 665 744 | 100.0 |
| Net increase/(decrease) in cash and cash equivalents | 1 135 395 | (1 284 215) | 2 419 610 | 188.4 |
| Cash and cash equivalents at the beginning of the year | 1 048 229 | 2 332 444 | (1 284 215) | (55.1) |
| Cash and cash equivalents at the end of the year | 2 183 624 | 1 048 229 | 1 135 395 | 52.0 |
© Copyright 2023 ACSA