| NOTES TO THE FINANCIAL STATEMENTS l NOTE 41 |
|
| |
(R’million) |
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. |
| NOTES TO THE FINANCIAL STATEMENTS l NOTE 41 |
|
|