Condensed consolidated
statement of financial position

for the six months ended 31 March 2022
As at 31 March
Rm Notes 2022 Unaudited 2021 Unaudited Year ended
30 September 2021 Audited
Non-current assets
Property, plant and equipment 843 798 858
Investment property 23 31 23
Right-of-use assets 137 163 146
Intangible assets 472 432 444
Goodwill 7 960 924 934
Other investments and loans1 126 68 65
Investments in joint ventures and associates 37 72 99
Investment at fair value through profit or loss 9 51 76
Derivative financial asset 10 32 41
Lease receivables 391 555 410
Loan receivables 1 299 1 272 1 393
Deferred tax assets 142 154 145
4 513 4 469 4 634
Current assets
Tax receivable 118 53 115
Inventory 1 874 1 580 1 743
Lease receivables 260 297 273
Loan receivables 448 446 400
Trade and other receivables 2 374 2 010 2 097
Derivative financial assets 16 12 7
Cash and cash equivalents 590 1 035 1 068
5 680 5 433 5 703
Total assets 10 193 9 902 10 337
Equity and liabilities
Capital and reserves
Share capital 389 389 389
Share-based payment reserves 214 219 219
Empowerment shares (276) (276) (276)
Treasury shares (447) (348) (447)
Equity transactions/put option with non-controlling interests (1) (1) (72)
Other reserves2 (181) (182) (163)
Retained earnings 6 973 6 688 7 045
Equity attributable to equity holders of Reunert 6 671 6 489 6 695
Non-controlling interests 86 43 87
Total equity3 6 757 6 532 6 782
1 Included in other investments and loans is the fair value of CBI-Electric Telecom Cables (Pty) Ltd, remeasured through
other comprehensive income, of R43 million (March and September 2021: held as part of investment in joint ventures
and associates). Refer to note 8.
2 Other reserves consists of:
– Equity forward contract
– Foreign currency translation reserve
– Translation loss on net investment in foreign subsidiary
– Fair value reserve
3 Refer to the statement of changes in equity for the composition of all components of equity.


As at 31 March
Rm Notes 2022
Unaudited
2021
Unaudited
Year ended
30 September
2021 Audited
Non-current liabilities
Deferred tax liabilities 173 100 158
Equity forward contract 42 53 48
Long-term loans 65 35 44
Lease liabilities 100 143 100
Derivative financial liability 10 84 92
Contract liabilities 60 29
Contingent consideration 13 33 10
557 360 452
Current liabilities
Put option liability 14 25
Equity forward contract 14 16 18
Current portion of long-term loans 40 6 39
Lease liabilities 75 57 85
Derivative financial liabilities 20 33 17
Provisions 86 96 81
Tax liabilities 29 13 21
Contract liabilities 248 243 264
Trade and other payables 1 809 1 746 1 776
Bank overdrafts and short-term facilities 558 800 777
2 879 3 010 3 103
Total equity and liabilities 10 193 9 902 10 337