Integrated Reports Senwes Financial Review 2018 - Page 31

FINANCIAL REVIEW 5.1.3 GRASLAND ONDERNEMINGS (PTY) LTD | continued Reconciliation of group’s share of profit/(loss) for the year Group’s share of profit/(loss) for the year 50% of profit/(loss) for the year Group adjustment - provision made on research costs 2018 R’m 2017 R’m - (2) 3 (2) (3) - Generated from operating activities 12 1 Used in investing activities (8) (13) Generated from financing activities 5 5 Net increase/(decrease) in cash flows 9 (7) 2018 R’m 2017 R’m Non-current assets 672 692 Current assets, excluding cash and cash equivalents 755 839 37 (261) (3) (3) Other current financial liabilities (265) (598) Non-current liabilities (335) (109) 26 9 561 606 146 123 141 110 26 26 (21) (13) Equity Carrying amount of Hinterland Group investment Carrying amount of loan to Prodist, classified as an investment * Impairment of Prodist investment Day 1 adjustment made: Group intangibles and goodwill Carrying amount of the investment (112) 169 191 (2) (47) (21) (13) - (8) 146 123 * The provision of R8 million was reclassified to loans receivable note 4.1.2. The impairment provision is calculated based on the unrecoverable amount (Senwes’ exposure less recoverable amount of Prodist’s assets). Revenue Cost of sales Depreciation and amortisation Impairment loss Other income Investment income Finance costs (Loss)/profit before taxation Taxation Loss after taxation 3 096 2 974 (2 573) (2 477) (104) (29) 26 17 (440) (30) (450) - 13 (49) 8 (40) (61) (1) 3 (36) (62) (33) (45) (17) Loss attributable to: Owners of the parent Non-controlling interest 50% proportion of the group’s ownership: Total carrying amount of the investment 303 (112) (17) (16) FINANCIAL REVIEW 19 Non-controlling interest 281 2017 R’m Accumulated loss adjustment at group level Operating expenses, excluding depreciation, amortisation and impairment loss (308) Provisions Carrying amount before other adjustments at group level 2018 R ХFR&WfVVRB72bFW&B&R2fw3FRfvr2FR7V&6VBf6f&FbFW&CG&FR&W0VƖ֖FbV&VƗ6VB&fBWF'76WG26G&'WFV@FBfVGW&PFFF&VB&f6&F7BFRw&W2SRFW&W7BFW&B4GFB( ĆFW&N( ҒFR6&R'W6W727FfG`FW&B2FR6Rbf&֖rWB&GV7G2BF&V7BFVƗfW'G&67F27V62gVVfW'FƗ6W"6VVBWF2FRf6V"VB2FR6R2FR6VvW2w&Wf6V"VBFR&Vv7FW&V@ff6RbFR62FR6R26VvW>( &Vv7FW&VBff6RFW&B2FRFr6`&F7BGFBvFsRR6&VFrB$"2#RR6&VFr&F7B66B66WVfVG0&V66ƖFF6''rVC&VB&f6&F7BfW7FV@RBDU$B4EDBu$U7FFVVBbf66FbFW&CGW&r#b6VvW2FBdu$W&F2GFBB$"WFVFVBb#3֖ƖF&F7B6VvW26G&'WFVB#Sb2֖Ɩ##b2֖Ɩbv62FW&W7Bg&VRvF&WVBFW&2F22FW&Vf&R676fVB2fW7FVBBB2&V6Vf&RFPFW&2&VFrFFRFW"#3֖Ɩ2FW&W7Bg&VR'WB&RFVB&VfW"FFRB"SRbWB76WBfVP7V&6VB66fw2bw&6B&R2fw33