Condensed consolidated
statement of financial position

for the six months ended 31 March 2023
Six months ended
31 March
Rm Notes 2023
Unaudited
2022
Unaudited
Year ended
30 September
2022
Audited
Non-current assets
Property, plant and equipment 917 843 888
Investment property 25 23 25
Right-of-use assets 216 137 130
Intangible assets 558 472 495
Goodwill 7 991 960 960
Investments in joint ventures and associates 5 37 9
Investment at fair value through profit or loss 53 51 53
Derivative financial asset 8 32 57
Lease receivables 358 391 370
Loan receivables 1 159 1 299 1 209
Other investments and loans 209 126 64
Deferred tax assets 194 142 151
4 685 4 513 4 411
Current assets
Tax receivable 147 118 107
Inventory 2 541 1 874 2 079
Lease receivables 221 260 236
Loan receivables 513 448 456
Trade and other receivables 2 875 2 374 2 674
Derivative financial assets1 8 72 16 12
Cash and cash equivalents 1 006 590 957
7 375 5 680 6 521
Total assets 12 060 10 193 10 932
Equity and liabilities
Capital and reserves
Share capital 389 389 389
Share-based payment reserves 217 214 216
Empowerment shares (554) (276) (554)
Treasury shares (169) (447) (169)
Equity transactions (1) (1) (20)
Other reserves2 (195) (181) (169)
Retained earnings 7 412 6 973 7 364
Equity attributable to equity holders of Reunert 7 099 6 671 7 057
Non-controlling interests 129 86 133
Total equity3 7 228 6 757 7 190

 

Six months ended
31 March
Rm Notes 2023
Unaudited
2022
Unaudited
Year ended
30 September
2022
Audited
Non-current liabilities
Deferred tax liabilities 214 173 200
Equity forward contract 20 42 28
Long-term loans 301 65 71
Lease liabilities4 162 100 77
Derivative financial liability 8 84 33
Contract liabilities 4 60
Share-based payment liability 34 7
Contingent consideration 11 23 33 25
758 557 441
Current liabilities
Equity forward contract 16 14 20
Current portion of long-term loans 4 40 7
Lease liabilities4 92 75 89
Derivative financial liabilities1 8 22 20 15
Provisions 61 86 62
Tax liabilities 112 29 41
Contract liabilities 508 248 260
Trade and other payables 2 251 1 809 2 209
Bank overdrafts and other short-term borrowings 1 008 558 598
4 074 2 879 3 301
Total equity and liabilities 12 060 10 193 10 932
1 Included in current derivative financial assets and current derivative financial liabilities are the Lumika put and call option derivatives and other forward exchange contracts, for details of the Lumika put and call option derivatives refer to note 8.
2 Other reserves consist of:
Equity forward contract
Foreign currency translation reserve
Translation loss on net investment in foreign subsidiary
Fair value reserves
3 Refer to the statement of changes in equity for the composition of all components of equity.
4 Lease liabilities comprise of property related contracts and rental of fibre and fixed telecommunications lines in the ICT Segment. The increase from the prior period relates mainly to new and renewed contracts and additional lease liabilities raised through the acquisition of Etion Create (Pty) Ltd (Etion).