Annual integrated report 2016

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2016
R’000
2015
R’000
2. REVENUE
Sale of goods 135 339 166 109 663 898
Rendering of services 198 365 139 626
135 537 531 109 803 524
Refer to annexure A for the nature of the business the group is involved in.
3. OPERATING PROFIT
Determined after charging (crediting)
Auditors’ remuneration 45 684 32 919
Audit fees 35 537 25 649
Audit-related expenses 2 438 175
Consulting fees 799 3 490
Taxation services 5 587 3 127
Other services 1 323 478
Depreciation of property, plant and equipment 1 027 648 795 860
Leasehold premises 87 858 55 069
Plant and equipment 363 418 289 168
Office equipment, furniture and fittings 134 520 107 267
Vehicles 441 852 305 598
Capitalised leased assets – 38 758
Amortisation of intangible assets 209 834 194 261
Patents, trademarks, tradenames and other intangibles 65 877 62 093
Computer software 143 957 132 168
Impairment of assets 103 810 234 450
Property, plant and equipment# 41 463 5 149
Intangible assets# 3 817 113 137
Trade receivables 58 530 116 164
Directors’ emoluments*
Executive directors 48 632 35 061
Basic remuneration 22 227 16 211
Retirement and medical benefits 449 239
Other benefits and costs 339 244
Cash incentives 25 617 18 367
Non-executive directors 785 –
Employer contributions to 548 413 440 364
Defined contribution pension funds 202 661 151 531
Provident funds 19 840 14 534
Retirement funds 26 500 9 076
Social securities 278 241 253 112
Medical aids 21 171 12 111
* Prior year directors’ emoluments have been re-presented to reflect emoluments paid by the group.
# Items above included as capital items on consolidated statement of profit or loss.
Bidcorp Limited Annual integrated report 2016 | Page 77
Financial overview