UNAUDITED INTERIM
RESULTS ANNOUNCEMENT
for the six month period ended
30 September 2022
Summary consolidated statement of financial position as at 30 September
Unaudited | Unaudited | Audited | ||
30 September | 30 September | 31 March | ||
2022 | 2021 | 2022 | ||
Notes | R'm | R'm | R'm | |
ASSETS | ||||
Non-current assets | 13 964 | 17 445 | 13 795 | |
Investments | 3 | 13 964 | 17 445 | 13 795 |
Current assets | 10 | 121 | 2 | |
Accounts receivable | 8 | 61 | - | |
Cash and cash equivalents | 4 | 2 | 60 | 2 |
Total assets | 13 974 | 17 566 | 13 797 | |
EQUITY AND LIABILITIES | ||||
Ordinary shareholders equity and reserves | 2 | 11 086 | 10 750 | 11 053 |
Non-current liabilities | 2 823 | 6 743 | 2 667 | |
2024 Convertible Bonds | 6 | 2 823 | 2 773 | 2 667 |
Borrowings | 7 | - | 3 970 | - |
Current liabilities | 65 | 73 | 77 | |
Accounts payable and other liabilities | 8 | 65 | 73 | 77 |
Total equity and liabilities | 13 974 | 17 566 | 13 797 | |
1Unaudited interim results for the six months ended 30 September 2022
Summary consolidated statement of comprehensive income for the period ended 30 September
Unaudited | Unaudited | Audited | ||
30 September | 30 September | 31 March | ||
2022 | 2021 | 2022 | ||
Notes | R'm | R'm | R'm | |
Investment valuation (loss)/gains | 9 | (280) | 593 | 961 |
Finance income | 10 | - | 112 | 112 |
Other investment income | - | 12 | 12 | |
Foreign exchange loss | - | (6) | (6) | |
Operating expenses | 11 | (14) | (70) | (86) |
Other expenses | - | (3) | (2) | |
Finance costs | 12 | (135) | (279) | (414) |
(Loss)/profit for the year | (429) | 359 | 577 | |
Other comprehensive profit/(loss) | ||||
Item that may be subsequently reclassified to profit or | loss | |||
Translation adjustments | 462 | (41) | (631) | |
Total comprehensive profit/(loss) for the year | 33 | 318 | (54) | |
(Loss)/earnings per share (cents) - basic and diluted | 13 | (32) | 27 | 44 |
2Unaudited interim results for the six months ended 30 September 2022
Summary consolidated statement of changes in equity for the period ended 30 September
Unaudited | Unaudited | Audited | |
30 September | 30 September | 31 March | |
2022 | 2021 | 2022 | |
R'm | R'm | R'm | |
Ordinary shareholders' balance at beginning of period | 11 053 | 10 432 | 10 432 |
BIH Exchange Bonds due 2024 | - | - | 675 |
(Loss)/profit for the period | (429) | 359 | 577 |
Net translation adjustments | 462 | (41) | (631) |
Ordinary shareholders' balance at end of period | 11 086 | 10 750 | 11 053 |
3Unaudited interim results for the six months ended 30 September 2022
Summary consolidated statement of cash flows for the period ended 30 September
Unaudited | Unaudited | Audited | ||
30 September | 30 September | 31 March | ||
2022 | 2021 | 2022 | ||
Notes | R'm | R'm | R'm | |
Cash flows from operating activities: | ||||
Investment proceeds received | 14 | 416 | 20 | 234 |
Operating expenses paid | (34) | (108) | (114) | |
Other expenses paid | - | (3) | (3) | |
Taxation paid | - | (1) | (1) | |
Operating cash flow before purchase of investments | 382 | (92) | 116 | |
Investment related cash flows | 15 | (288) | (367) | (509) |
Net cash generated/(used in) operating activities | 94 | (459) | (393) | |
Borrowing Facility: drawdowns | 7 | - | 549 | 549 |
Borrowing Facility: repayments | 7 | - | (140) | (140) |
Borrowing Facility: interest payments | - | (5) | (5) | |
2024 Convertible Bonds: coupon payments | (103) | (97) | (200) | |
Net cash (used in)/generated from financing | activities | (103) | 307 | 204 |
Net decrease in cash and cash equivalents | (9) | (152) | (189) | |
Effects of exchange rate changes on cash and cash equivalents | 9 | (1) | (22) | |
Cash and cash equivalents at beginning of period | 2 | 213 | 213 | |
Cash and cash equivalents at end of period | 4 | 2 | 60 | 2 |
4Unaudited interim results for the six months ended 30 September 2022
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Brait plc published this content on 14 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2022 06:11:24 UTC.