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Tiger Brands Limited Integrated Annual Report
2014
Annual financial statements
(R'million)
2014
Restated*
2013
41 Analysis of profit from discontinued operation
The combined results of the discontinued operation included in the profit
for the year are set out below.
Profit for the year from discontinued operation (attributable to owners
of the company)
Turnover
186,9
1 087,8
Expenses
(156,1)
(890,9)
Operating income before abnormal items
30,8
196,9
(Gain)/loss on remeasurement to fair value on transfer of net assets
to held-for-sale
18,6
(25,8)
Operating income after abnormal items
49,4
171,1
Finance costs
(5,0)
(47,6)
Profit before taxation
44,4
123,5
Taxation
(3,4)
34,5
Profit for the year from discontinued operation (attributable to owners
of the company)
41,0
158,0
Attributable to non-controlling interest
(11,1)
(97,3)
Attributable to owners of parent
29,9
60,7
Cash flows from discontinued operation
Net cash inflows from operating activities
(23,9)
266,1
Net cash outflows from investing activities
97,0
(178,6)
Net cash outflows from financing activities
(72,2)
(227,8)
Net cash outflows
0,9
(140,3)
*
The amounts have been restated due to the adoption of IAS 19R.
The Dangote Agrosacks Limited business was acquired effective 4 October 2012 as part of the DFM
acquisition per note 39. During August 2013, a decision was made to dispose of the business resulting in
Dangote Agrosacks Limited being classified and accounted for at 30 September 2013 as a disposal group
held-for-sale – refer to note 22. The business was disposed of effective November 2013, thus the results
noted above for the year ended 30 September 2014 are for two months only.