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FINANCIAL OVERVIEW
Notes to the consolidated financial statements
for the year ended June 30
2017
R’000
2016
R’000
2.
REVENUE
Sale of goods – frozen
44 900 416
48 327 425
Sale of goods – chilled
38 176 344
38 600 898
Sale of goods – ambient
39 455 160
39 559 634
Sale of goods – non-food
7 019 728
7 174 133
Rendering of services
1 170 426
1 690 352
Commissions and fees earned
188 777
179 056
Other
15 749
6 033
130 926 600
135 537 531
3.
OPERATING PROFIT
Determined after charging (crediting)
Auditors’ remuneration
46 726
45 684
KPMG audit fees and related expenses
37 687
37 975
KPMG-related taxation, consulting, other related expenses
5 112
6 386
Other audit firm fees and related expenses
3 927
1 323
Depreciation of property, plant and equipment
1 009 552
1 027 648
Leasehold premises
83 869
87 858
Plant and equipment
356 204
363 418
Office equipment, furniture and fittings
133 682
134 520
Vehicles
435 797
441 852
Amortisation of intangible assets
181 583
209 834
Patents, trademarks, tradenames and other intangibles
55 245
65 877
Computer software
126 338
143 957
Directors’ emoluments
Executive directors
75 022
48 632
Basic remuneration
32 247
22 227
Retirement and medical benefits
1 198
449
Other benefits and costs
1 177
339
Cash incentives
40 400
25 617
Non-executive directors
3 969
785
Employer contributions to
664 733
548 413
Defined contribution pension funds
276 567
202 661
Provident funds
22 374
19 840
Retirement funds
23 311
26 500
Social securities
293 831
278 241
Medical aids
48 650
21 171
FINANCIAL STAT MENTS
Annual integrated report 2017
Bid Corporation Limited
90