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.