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Tiger Brands Limited Integrated Annual Report
2014
Annual financial statements
COMPANY
GROUP
2014
2013
(R’million)
2014
Restated*
2013
5 Abnormal items
(12,3)
(15,0)
Acquisition costs
(12,3)
(15,0)
Net profit on disposal of property, plant and
equipment
14,8
11,1
(896,7)
–
Impairment of investment/intangible assets
(refer note 13.4)
(916,4)
(2,9)
Insurance claim income
43,2
–
Impairment of property, plant and equipment
(refer note 11.6)
(145,3)
–
Write-off of other related assets
(3,1)
–
Historical statutory liabilities
(36,4)
–
(21,9)
(56,1)
Exchange rate translation of Mauritian loan
Other
–
4,4
(930,9)
(71,1)
Abnormal profit before taxation
(1 055,5)
(2,4)
6,1
15,7
Income tax expense
53,9
(3,1)
(924,8)
(55,4)
Attributable to ordinary shareholders of Tiger
Brands Limited
(1 001,6)
(5,5)
Abnormal items are items of income and
expenditure which are not directly attributable
to normal operations or where their size or
nature are such that additional disclosure is
considered appropriate.
6 Interest
(16,9)
(14,6)
6.1
Finance costs
(429,0)
(399,4)
(16,4)
(14,0)
Long-term borrowings
(227,0)
(245,7)
(0,5)
(0,6)
Bank and other short-term borrowings
(190,8)
(144,2)
Other – financial liabilities
(8,3)
(7,7)
Other – non-financial liabilities
(2,9)
(1,8)
144,2
133,2
6.2
Interest received
26,3
20,6
25,4
21,3
From subsidiary companies
118,8
111,6
From cash and cash equivalents
21,3
17,8
–
0,3
From other sources – non-financial assets
5,0
2,8
127,3
118,6
Net (finance costs)/interest received
(402,7)
(378,8)
*
The amounts have been restated due to the adoption of IAS 19R.