101 / 166
Guzmán
R’000
Other smaller
acquisitions
R’000
Total
R’000
11.
ACQUISITION OF BUSINESSES, SUBSIDIARIES AND ASSOCIATE
(continued)
Contribution to results for the year
Revenue
378 493
1 732 206
2 110 699
Trading profit
25 756
43 751
69 507
Contributions to results for the year if the acquisitions had been effective
on July 1 2016
Revenue
1 376 536
2 234 280
3 610 816
Trading profit
67 689
71 872
139 561
2017
R’000
2016
R’000
12.
PROCEEDS ON DISPOSAL OF INTEREST IN SUBSIDIARIES AND ASSOCIATE
Property, plant and equipment
78 879
15 104
Intangibles
–
195
Goodwill
23 184
18 468
Deferred taxation
(69)
1 514
Interest in associates
–
20 515
Investments and advances
21 692
–
Inventories
103 925
29 530
Trade and other receivables
129 468
63 047
Cash and cash equivalents
112 504
1 816
Borrowings
–
(11 767)
Trade and other payables and provisions
(164 205)
(50 816)
Taxation
(2 554)
(717)
Fair value of net assets
302 824
86 889
Profit on disposal of interest in subsidiaries
375 790
35 818
Less:
Cash and cash equivalents disposed of
(112 504)
(1 816)
Less:
50% of the net asset value of subsidiary sold during the year
(136 299)
–
Non-controlling interests
–
7 170
Net proceeds
429 811
128 061
97
Annual integrated report 2017
Bid Corporation Limited